XM offers a beginner-friendly online trading experience with low trading and non-trading fees. XM is a leading online broker with a transparent fee structure. It has top-tier licenses from the ASIC, FCA, CySEC, and IFSC.
Each online broker has a specific fee structure. This article discusses the fees at XM.
XM has low trading fees. For example, the stock fee for a $2,000 trade is $0. We review online brokers with real money and accounts. Our findings depend on many factors, including trading volume. Check our in-depth reviews to discover more about the trading fees at XM.
|Apple benchmark fee||$6.0||$10.6||$33.8|
|Vodafone benchmark fee||$1.2||$31.2||–|
|EURUSD benchmark fee||$9.5||$8.8||$8.3|
XM has low financing rates. For example, the yearly financing rate for Apple CFDs is 3.2%. Financing rates are essential if you plan to hold your positions for the long term.
|Apple CFD financing rate||3.2%||2.7%||3.9%|
|Vodafone CFD financing rate||3.1%||2.8%||–|
|EURUSD financing rate||1.7%||1.5%||1.6%|
|EURGBP financing rate||1.6%||1.5%||1.6%|
XM has average non-trading fees. Non-trading fees are important when it comes to online trading. The withdrawal and deposit fee at XM is $0. Check our in-depth reviews to learn more about non-trading fees at XM.
XM does not charge a deposit fee for bank transfers, credit/debit cards, and electronic wallets. Deposit fees happen when transferring funds from your personal accounts to your brokerage account. Trustworthy online brokers offer fee-free deposits.
XM does not charge a withdrawal fee for bank transfers, credit/debit cards, and electronic wallets. Charging a withdrawal fee is common among leading online brokers. Read our in-depth reviews to learn more about trading costs at XM.
|Withdrawal fee with bank transfer||$0||$0||$3|
XM has a $15 one-off maintenance fee after one year of inactivity. A $5 per month fee follows this if the account remains inactive.
|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 a leading online broker with an average fee structure. Trading costs at this broker are lower than with competitor brokerage firms. It is a top choice for new traders who want access to reliable trading services. Learn more about online trading and fees from our in-depth reviews.
XM compared to other brokers:
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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.