Is XM free?

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XM is a leading online broker with a transparent fee structure. It has top-tier licenses from the ASIC, FCA, CySEC, and IFSC. XM has excellent services for new traders and competitive prices. 

This article discusses the specifics of XM’s fee structure. 

Is XM free? 

XM has zero commission for purchasing or selling US stocks. This service is useful for investors who trade in low volumes, including buying stocks for less than $500 per trade. XM does charge for other services, including inactivity fees. Check our in-depth reviews to learn more about XM and its fee structure. 

Are XM Fees Low? 

Overall, XM is a secure online broker with a transparent fee structure and low commissions. For example, the US stock fee of a $2000 trade is $1. Forex and CFD costs at XM are low. Read our in-depth reviews to discover more about the costs of trading with XM. 

Withdrawal fee$0$0$3
Deposit fee$0$0$0
Inactivity feeYesYesYes
Account feeNoNoNo

Does XM Charge A Non-Trading Fee? 

XM has average non-trading fees. These include a $0 fee for deposits and withdrawals and a $15 one-off maintenance fee after one year of inactivity. For example, depositing or withdrawing funds by bank transfers, electronic wallets, and credit/debit card is free. Learn more about non-trading fees at XM from our in-depth reviews. 

Does XM Have An Inactivity Fee? 

XM charges an inactivity fee, and it is a $15 one-off maintenance commission after one year of inactivity. This is followed by a $5 per month fee if the account remains inactive. It makes this brokerage firm less suitable for a buy-and-hold investor. 

Inactivity feeYesYesYes
Inactivity fee$15 one-off maintenance fee after one year of inactivity, followed by $5 per month fee if the account remains inactive.$15 one-off account maintenance fee and $5 monthly fee after 6 months of inactivity$5 per month after 6 months of inactivity

Final Verdict 

XM is not a free broker but is an excellent brokerage firm with a transparent fee structure. It is a top choice for beginner investors and offers commission-free US stock trades. Read our in-depth reviews to learn more about XM and its fees. 

XM compared to other brokers:

XM review


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All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.


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