XM minimum deposit by account type and payment method
Short answer: At XM Global, the minimum deposit is $5 for the Standard and Ultra Low accounts and $10,000 for the Shares account. Your payment method can set a higher minimum, so check the amount on your Funding page. Other XM group companies may have different terms.
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What is the XM minimum deposit for each account?
XM Global's Account Types page lists these minimums:
| Account | Minimum deposit (as listed by XM Global) |
|---|---|
| Standard | $5 |
| Ultra Low | $5 |
| Shares | $10,000 |
XM's Help Center also says the minimum deposit or withdrawal "for any account type is $5." This general statement conflicts with the $10,000 listed for Shares on the Account Types page. We show the Account Types figure for Shares. The Micro format is not listed separately on the Account Types page, so the Help Center's $5 statement is the figure XM gives for it.
If you deposit in a currency other than US dollars, XM says the amounts above apply as the equivalent in your deposit currency.
These figures come from XM Global Limited, which XM says is regulated by the FSC of Belize. Other XM group companies serve other regions, and their account types, minimums and leverage can differ. Check the minimum shown when you register and on your own Funding page.
Why can my minimum be higher than $5?
XM's Help Center says the minimum "varies depending on the payment method." Cards, bank transfers, local transfers and e-wallets can each have their own lower limit.
To see the limits that apply to you, XM says to log in to WebTrader or the XM App and open Funding → Deposit. The options and limits shown there depend on your account and country.
Can I deposit in my own currency?
Yes. XM says all deposits are converted automatically into the base currency of your trading account, so you can deposit in any currency.
Conversion is not free of cost. Exchange rates can apply at XM's end or at the payment processor's end. For card payments, the processor sets the rate. XM's client agreement also says XM may add a mark-up to exchange rates when it converts currency (clause 72.6). XM says the rate is shown before you confirm a deposit in WebTrader or the XM App.
Are there deposit fees, and how fast do deposits arrive?
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 says 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 is wider. It says XM may set deposit limits and deposit fees at any time (clause 74.1). It also says funds sent to XM's bank are credited net of any charges from banks, payment providers or other intermediaries (clause 74.2). It allows a transfer charge on payment methods that carry processing fees (clause 72.4). So "no XM fee" does not always mean the full amount arrives. Your own bank or provider may still charge you.
On timing, the client agreement says XM uses "best efforts" to credit a deposit within one business day after it is accepted, once XM is satisfied that you sent the funds (clause 72.5). Bank processing on your side can add to this.
Can someone else deposit for me?
No. XM says deposits can only come from accounts that belong to you, and it does not accept deposits from third parties. Its client agreement says all deposits must come from a payment method in the same name as your XM account (clause 72.1).
If XM finds that a deposit came from someone else, the agreement allows it to return the funds and to charge a $50 handling fee (clause 72.5).
What does a small first deposit mean in practice?
A low minimum makes it easier to open a live account. It does not change the risk of trading. XM Global offers leverage of up to 1000:1 for account equity between $5 and $40,000, and XM's own risk warning says its services "can result in the loss of your invested capital."
XM says it offers negative balance protection to all clients, which means you cannot lose more than you deposited. You can still lose the whole deposit.
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