XM Minimum Deposit

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XM has a minimum deposit fee of $5. The deposit fee varies depending on the funding option and brokerage account you choose. The minimum deposit fee helps you decide which brokerage firm suits your needs best. 

Minimum deposit$5$100$50

Pros Cons
• Credit/Debit card depositNone
• No deposit fee
• Several account base currencies

This article discusses the specifics of minimum deposit amounts at XM. 

Fees & Funding Options 

The minimum initial deposit fee at XM is $5. This broker does not charge a deposit fee for bank transfers, credit/debit cards, and electronic wallets. 

The standard transfer time varies depending on the funding option. XM lets you choose between bank transfers, credit/debit cards, and electronic wallets. Credit/debit cards and wallets are the fastest. 

Bank transferYesYesYes
Credit/debit cardYesYesYes
Electronic walletsYesYesYes


All brokerage accounts come with a base currency. The number of base currencies at XM is 11. This is important since you’ll have to pay a currency conversion fee if you deposit in a different currency than the base currency of your brokerage account. 

XM supports major currencies and some less common ones. The best approach to save money on conversion fees is to use a multi-currency digital bank account. 

Number of base currencies1184

Sending the Minimum Deposit 

The general process of dunging your XM brokerage account is straightforward. You have to open an account and verify your information. Afterward, sign in to your account and select one of the available deposit methods. Verify your transaction and start the funding process. Usually, you’ll receive a confirmation by email, and your deposit will show in your account in a couple of days. 

Final Verdict 

XM has a straightforward deposit process. It is useful for both beginners and experienced investors. Read more about the funding process at XM in our in-depth reviews. 

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 Forex.com 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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