XM provides a range of trading account types tailored to different trader profiles, including beginners, retail traders, high-volume professionals, and fund managers.
Available accounts include the Standard Account (ideal for day traders), the Micro Account (ideal for beginners traders), the Zero Account and the Ultra-Low Account (optimized for scalping), and the Islamic Account (swap-free for Muslim traders). Advanced traders and money managers can access the Shares Account, for real traders interested in trading shares.
Each XM account type has distinct pricing models and offers platform compatibility across MT4, MT5 and XM WebTrader.
The availability of the XM account types is subject to Regulatory compliance, trader expertise, and regional restrictions.
What types of trading accounts are available at XM?
The XM account types are listed below.
- XM Demo Account
- XM Standard Account
- XM Micro Account
- XM Zero Account
- XM Ultra Low Account
- XM Shares Account
- XM Islamic Account
XM Standard Account: Best for day traders
The XM Standard Account is suitable for day traders and offers access to over 1,000 assets. It requires a minimum deposit of $5, with spreads starting from 1 pip and no additional commissions. Leverage is available up to 1:30, and the account supports platforms like MT4, MT5, and XM WebTrader.
The features of the XM Standard Account are listed below.
- Availability: Under ASIC, DFSA, FSC.
- Markets: CFD forex, CFD commodities, CFD indices, CFD stocks, (1000+ assets in total).
- Commissions: You will get charged spreads from 1 pip, and a rollover fee if you hold a position overnight.
- Platforms: MT4, MT5, XM WebTrader.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:30 (ASIC, DFSA).
- Special features: Free VPS service. Depending on your location. XM loyalty program where the broker will offer special seasonal bonuses; 50% and 20% deposit bonus; $50 trading bonus.
- Account opening: Demo available; $5 minimum deposit to open a live account.
XM Micro Account: Best for beginners
The XM Micro Account is designed for beginners. It requires a minimum deposit of $5, with spreads starting from 1 pip and no additional commissions. This account allows trading from 1 micro lot, making it ideal for those starting with smaller capital.
The features of the XM Micro Account are listed below.
- Availability: Under ASIC, DFSA, FSC.
- Markets: CFD forex, CFD commodities, CFD indices, CFD stocks, (1000+ assets in total).
- Commissions: Spreads from 1 pip; rollover fee on open position overnight.
- Platforms: MT4, MT5, XM WebTrader.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:30 (ASIC, DFSA).
- Special features: You can avail of a free VPS service; there are several bonuses XM makes available under FSC regulation.
- Account opening: You can first try a demo account; to proceed to a live account there is a minimum deposit of $5.
XM Zero Account: Best for scalpers
The XM Zero Account is tailored for scalpers and offers spreads starting from 0 pips on major forex pairs. A commission of $3.50 per lot traded applies, and leverage is available up to 1:30. The minimum deposit for this account is $5, and it supports platforms like MT4, MT5, and XM WebTrader.
The features of the XM Zero Account are listed below.
- Availability: Under CySEC, FSA.
- Markets: CFD forex, CFD commodities, CFD indices, CFD stocks, (1000+ assets in total).
- Commissions: There are spreads from 0 pips with a trading commission of $3.50 per lot traded; when you hold a position overnight you will also be charged a rollover fee.
- Platforms: MT4, MT5, XM WebTrader.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:30 (CySEC, ASIC, DFSA).
- Special features: XM allows its clients to trade with VPS cost-free. Also, if available to you, according to the regulatory framework, you can claim a 50% and 20% deposit bonus; a $50 trading bonus.
- Account opening: Free demo account; $5 minimum deposit for a live account.
XM Ultra-Low Account: Best for scalpers
The XM Ultra-Low Account is tailored for scalpers, featuring spreads starting from 0.6 pips with no additional commissions. It requires a minimum deposit of $100 and offers leverage up to 1:30. This account is available in both Ultra Low Standard and Ultra Low Micro formats under CySEC regulation.
The features of the XM Ultra-Low Account are listed below.
- Availability: Under CySEC, ASIC, FSC.
- Markets: CFD forex, CFD commodities, CFD indices, CFD stocks, (1000+ assets in total).
- Commissions: The spread starting value is 0.6 pips; open positions for consecutive days entail a rollover fee.
- Platforms: MT4, MT5, XM WebTrader.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:30 (CySEC, ASIC).
- Special features: Separate Ultra Low Standard and Ultra Low Micro accounts available (under CySEC). There is a free service for VPS trading. Traders under FSC can join the XM loyalty program offering a deposit bonus and trading bonus.
- Account opening: A demo account is available to try first; switching to a live account requires a $100 minimum deposit.
XM Shares Account: Best for real traders
The XM Shares Account is aimed at real traders interested in trading shares by providing access to over 1,150 shares. It requires a minimum deposit of $10,000, with commissions varying depending on the shares traded (e.g., a minimum of $1 for US shares). This account is available under FSC regulation and supports platforms like MT4, MT5, and XM WebTrader.
The features of the XM Shares Account are listed below.
- Availability: Under FSC.
- Markets: 1150+ shares.
- Commissions: You will get charged a minimum commission of 1 USD (US shares), 9 USD (UK shares); 5 USD (german shares).
- Platforms: MT4, MT5, XM WebTrader.
- Trade size: From 1 share.
- Leverage: N/A.
- Special features: A XM loyalty program for special seasonal bonuses of 50% and 20% deposit bonus; $50 trading bonus. You can also claim a free VPS service.
- Account opening: The minimum deposit to start this account is $10,000.
XM Islamic Account: best for Muslim traders
The XM Islamic Account is designed for Muslim traders seeking Sharia-compliant trading conditions. It offers swap-free trading with no rollover fees and is available across various account types, such as Standard, Micro, Zero, and Ultra Low.
The features of the XM Islamic Account are listed below.
- Availability: Under CySEC, ASIC, FSC, DFSA.
- Markets: CFD forex, CFD commodities, CFD indices, CFD stocks, real stocks (1150+ assets in total).
- Commissions: Spreads will depend on the account types you want to switch to Islamic trading. No other fees are charged.
- Platforms: MT4, MT5, XM WebTrader.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:30 (CySEC, ASIC, DFSA).
- Special features: This account has no rollover fees.
- Account opening: You can first try a demo account; once you open a retail account you will need to contact customer support to switch to Islamic trading; the minimum deposit is $5.
How to compare the XM trading accounts?
The table to compare the XM trading accounts is shown below.
| XM Account Types | Minimum Deposit ($) | Minimum Spread (pips) | Volume-Based Commissions | Overnight Fees | Minimum Trade Size (lots) |
|---|---|---|---|---|---|
| XM Standard Account | $5 | 1 | None | Yes | 1 micro lot |
| XM Micro Account | $5 | 1 | None | Yes | 1 micro lot |
| XM Zero Account | $5 | 0 | $3.50 per lot | Yes | 1 micro lot |
| XM Ultra-Low Account | $100 | 0.6 | None | Yes | 1 micro lot |
| XM Shares Account | $10,000 | Varies | Minimum $1 (US shares) | Yes | 1 share |
| XM Islamic Account | $5 | Depends on account type | None | No | 1 micro lot |
What are the requirements to open an XM account type?
The requirements to open an XM account are listed below.
- Contact requirements: The contact requirements of XM include a valid email address and a valid phone number
- Age requirements: The age requirement at XM is that you must be over 18 years old to open an account
- Legal requirements: The legal requirements at XM include complying with KYC laws by verifying your identity with documents such as a passport or utility bill.
- Minimum deposit requirements: XM minimum deposit to activate a live trading account is $5
- Regulatory requirements: The regulatory requirements at XM stipulate that you must be a resident in a country where the broker operates
- Knowledge requirements: The knowledge requirements at XM include answering questions about your trading experience and financial knowledge before accessing complex financial products.
Do XM account types charge inactivity fees?
Yes, XM account types charge inactivity fees when an account remains dormant for a prolonged period without any trading activity. XM does charge an inactivity fee after 90 days of inactivity, which is $10 and it will be deducted from your balance. The broker applies these fees to maintain administrative costs associated with inactive accounts.
XM classifies an account as dormant when no trading activity occurs for a certain number of months. Once this period passes, the broker deducts a fixed fee from the remaining balance each month until the account is reactivated or the balance reaches zero. Reactivating an account typically requires logging in and executing a trade.
Demo accounts remain exempt from inactivity charges under XM fees. These accounts serve as trial platforms where traders use virtual funds to practice strategies. Since no real money is involved, traders do not owe any fees to the broker, even if they abandon their demo accounts without returning.