XM fees explained

Page Summary

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. 

Trading Fees 

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. 

Fee Comparison

XM FxPro FXTM
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

Financing Rates 

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. 

Financing Rates Cpmpared

XM FxPro FXTM
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%

Non-trading Fees 

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. 

Non-trading Fees Compared

XM FxPro FXTM
Withdrawal fee $0 $0 $3
Deposit fee $0 $0 $0
Inactivity fee Yes Yes Yes
Account fee No No No

Deposit Fees 

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. 

Deposit Fees Compared

XM FxPro FXTM
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Deposit fee $0 $0 $0

Withdrawal Fees 

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 Fees Compared

XM FxPro FXTM
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee with bank transfer $0 $0 $3

Inactivity Fee 

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 Compared

XM FxPro FXTM
Inactivity fee Yes Yes Yes
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 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:
XM review

Disclaimer

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. 51% 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

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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