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.
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 Fee Comparison
|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|
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:
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
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