XM fees: spreads, commission, swaps and inactivity fee

Short answer: At XM Global, the main trading cost is the spread; XM's Help Center says it charges no commission. Other costs can include overnight swaps, currency conversion mark-ups and a monthly dormant fee of $10 after 90 days without activity. XM says it does not charge deposit or withdrawal fees, but its client agreement allows it to add fees later.

Last checked 2026-11-15

What does XM charge?

This table is based on XM Global Limited, which XM says is regulated by the FSC of Belize. Other XM group companies set their own fees, so check the documents of the XM company named in your account.

How do XM spreads work?

The spread is the gap between the buy and sell price. XM publishes two spread figures for each instrument on its market pages: an "Average Spread" and a "Spread As Low As". It shows them separately for the Standard and Ultra Low Standard accounts, so you can compare the two.

Spreads move. XM says they can widen around important news, political uncertainty and unexpected events. They can also widen over the weekend or near the end of a trading session, when liquidity is lower. The spread you pay is the one shown when you open and close the trade, not the average on the website.

Does XM charge commission?

XM's Help Center says it does not charge commission or extra fees on trades.

XM's client agreement also refers to a "Commission, Charges & Margin Schedule" on its trading platform, which XM can change. Other XM group companies may price accounts differently, so check the price list of the company you trade with.

What are swaps and when are they charged?

A swap is a charge or credit for holding a position open overnight. XM says its forex and spot metal swaps are based on the tomorrow-next interest rate of the two currencies, with "a small added mark-up." Depending on the interest-rate gap, a swap can be a cost or a credit.

XM explains that the swap is tripled on Wednesdays. This covers the weekend, because spot forex settles two days after the trade date.

There are two ways to avoid swaps at XM:

• Ultra Low account: XM says selected instruments are swap-free, but not all. Check the symbol information in your platform.
• Islamic option: XM's client agreement limits this to clients who cannot use swaps for religious reasons. XM may ask for proof or refuse, and a request converts all your other live accounts too (clause 80).

What is the XM inactivity (dormant) fee?

XM's Help Center says an account becomes dormant after more than 90 days with no activity. Activity includes trading, deposits, withdrawals, internal transfers, opening more accounts and registration steps. The client agreement says the 90 days count across all of your accounts (clause 79.1).

Once an account is dormant:

• XM charges $10 per month, or the full available balance if it is below $10.
• No fee is charged if the balance is zero.
• Remaining bonuses, promotional credits and XMCs linked to the account are removed.
• Pending orders may be deleted.

XM also archives accounts. XM's Help Center says an account with a zero balance for more than 90 days is archived and cannot be reopened. The client agreement adds that a dormant account is then treated as archived once dormant fees apply (clause 79.3), that accounts with less than $5 are archived after 90 days of inactivity (clause 79.4), and that an account that was never funded is archived after 60 days. XM's Help Center describes this differently.

Are there deposit, withdrawal or conversion fees?

XM's Help Center says: "No, we don't charge any fees on deposits or withdrawals." For international bank wires, XM covers its own bank's fees on wires of $200 or more, and notes this "is subject to change at any time." XM's Reviews page says wires under $200 may incur fees, depending on the payment provider.

The client agreement leaves room for more. XM may set deposit and withdrawal fees at any time (clauses 74.1 and 74.3). You may have to pay bank transfer fees when XM asks (clause 74.9). Banks, card issuers and payment providers can also charge their own fees.

For currency conversion, XM says rates can apply at its end or at the payment processor. The client agreement allows XM to add a mark-up to the exchange rate (clause 72.6). XM says the rate is shown before you confirm a deposit or withdrawal in WebTrader or the XM App.

Sources

• XM Help Center, Trading Conditions FAQ (XM Global Limited)
• XM Help Center, Trading Accounts FAQ (XM Global Limited)
• XM Help Center, Deposits & Withdrawals FAQ (XM Global Limited)
• XM Forex Trading page (XM Global Limited)
• XM Reviews page, fees FAQ (XM Global Limited)
• XM Global Client Agreement, clauses 72, 74 and 79