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XM advertises low costs and a USD 5 minimum deposit, but what you actually pay depends on the account you pick and how often you trade. This page sets out every XM fee in one place: spreads, the Zero account commission, overnight swaps, deposits and withdrawals, and the inactivity fee that catches out a lot of traders.
The short answer: XM charges no commission on its Standard, Micro and Ultra Low accounts (you pay through the spread), USD 3.50 per side on the Zero account, swaps on positions held overnight, and a dormant fee of USD 10 a month once an account with money in it has been inactive for 90 days. Deposits are free and most withdrawals are free.
XM fees at a glance
| Fee | What XM charges |
|---|---|
| Commission | None on Standard, Micro and Ultra Low. Zero account: USD 3.50 per side per lot (USD 7 round trip) |
| Spreads | Variable. Wider on Standard and Micro, tighter on Ultra Low, from 0.0 pips on Zero |
| Overnight swap | Charged or paid on positions open at 22:00 GMT; triple swap on Wednesdays for currencies and metals |
| Deposit fee | None from XM |
| Withdrawal fee | None on most methods; bank wires under USD 200 may carry a fee |
| Inactivity (dormant) fee | USD 10 a month after 90 days with no activity, capped at your free balance; nothing on a zero balance |
| Minimum deposit | USD 5 on the main accounts; USD 10,000 on the Shares account |
XM inactivity fee
This is the fee most people search for, usually after finding money missing from an old account. According to XM’s costs and charges document, an account becomes dormant after at least 90 calendar days with no trading, deposits or withdrawals. A dormant account is then charged USD 10 every month, or the whole free balance if it is below USD 10. If the free balance is zero there is no charge, and the account is archived.
XM’s client agreements also say that any bonus credit and XM Points are removed when an account goes dormant. Some older XM documents, and some of its regulated companies, list a USD 5 monthly fee instead, so the figure in the agreement you accept when you register is the one that applies to you.
How to avoid it:
- Place a trade, deposit or withdrawal at least once every 90 days if you want to keep the account active.
- If you are taking a break, withdraw your full balance. A zero balance account is never charged.
- Close accounts you no longer use, especially old Micro accounts with small leftover balances.
Spreads and commission by account
XM makes most of its money through the spread on its commission free accounts. Using the average EUR/USD spreads reported by independent reviewers such as ForexBrokers.com and BrokerChooser, the rough cost of trading one standard lot (100,000 units) of EUR/USD looks like this:
| Account | Typical EUR/USD spread | Commission (round trip) | Approx. cost per standard lot |
|---|---|---|---|
| Standard / Micro | About 1.6 to 2 pips | None | About USD 16 to 20 |
| Ultra Low | About 1.1 pips | None | About USD 11 |
| Zero | About 0.1 to 0.2 pips | USD 7 | About USD 8 to 9 |
Spreads move all the time and widen around news and at the daily rollover, so treat these as averages rather than guarantees. XM’s own example in its costs document uses a 1.6 pip EUR/USD spread, which works out at USD 16 on one standard lot. The Zero account is not available to clients of every XM company, so check what is offered in your country.
Overnight swaps
If you keep a position open past 22:00 GMT, XM credits or debits a swap based on the interest rate difference between the two currencies. Because banks still charge interest over the weekend, XM applies three days of swap on Wednesday night for currencies and precious metals, and on Friday night for cash indices, energies and stocks. Swap rates for each instrument are listed on XM’s website and inside MetaTrader. Swap free (Islamic) accounts are available on request.
Deposit and withdrawal fees
XM does not charge deposit fees, and most withdrawals are free. Independent reviews, including DailyForex, report that XM covers bank wire charges on transfers above USD 200, while bank wire withdrawals below USD 200 can carry a fee. Your own bank, card issuer or e-wallet may still charge for the transfer, and currency conversion costs apply if you fund an account in a different currency from its base currency.
Is XM expensive?
For small accounts and occasional traders, XM’s costs are reasonable: there is no deposit fee, no account fee and a very low minimum deposit. The Standard account spread is on the wide side compared with low cost brokers such as Exness or Pepperstone, so frequent traders will usually pay less on the Ultra Low or Zero accounts. The inactivity fee is the one to watch, because it starts after only 90 days. For the full picture, including regulation and platforms, read our XM review, or compare costs in Exness vs XM and XM vs HFM.
Visit XM (CFDs are high risk; most retail accounts lose money).
XM fees: frequently asked questions
Does XM charge an inactivity fee?
Yes. XM’s current costs and charges document says an account with no trading, deposits or withdrawals for 90 calendar days becomes dormant and is charged USD 10 a month, or the remaining free balance if that is less. There is no charge if the balance is zero. Some older XM documents and entities list USD 5, so check the agreement for the XM company you sign up with.
How do I avoid the XM inactivity fee?
Make a trade, deposit or withdrawal at least once every 90 days. If you are stopping for a while, withdraw your balance first: XM does not charge a dormant fee on an account with a zero free balance.
Does XM charge withdrawal fees?
XM does not charge its own fee on most deposits and withdrawals. Independent reviews such as DailyForex note that bank wire withdrawals under USD 200 can carry a fee, and your bank or payment provider may add its own charges.
What is the commission on the XM Zero account?
USD 3.50 per side for each USD 100,000 traded, so USD 7 for a full round trip on one standard lot. XM deducts both sides when you open the trade. The Zero account is not offered in every region.
Which XM account is cheapest?
For active traders, usually the Zero account, because raw spreads plus USD 7 round trip commission tend to cost less than the wider spreads on the Standard account. For small or occasional trades, the Ultra Low account is a simpler middle ground with no commission.
Does XM charge for deposits?
No. XM does not charge deposit fees, though your bank or card provider may charge its own fees, and currency conversion costs apply if you fund in a different currency from your account.
Facts checked in November 2026 against XM’s costs and charges document and client agreements, plus independent reviews from ForexBrokers.com, BrokerChooser and DailyForex. Fees and terms change and differ between XM companies, so confirm the current figures on XM’s site before you open an account.