XM Account Types

filippo ucchino Filippo Ucchino calendar Last Updated: December 2022 timer 4 Min Read

XM offers a good number of account types:

  • XM Demo Account
  • XM Standard Account
  • XM Micro Account
  • XM Zero Account
  • ZM Ultra Low Account
  • XM Shares Account
  • XM Professional Account
  • XM Islamic Account
Table of Content

XM account types: full list and features

XM provides different features depending on your location, like leverage is capped at 30:1 under ASIC and CySEC regulation for retail clients.

XM standard account: Best for day traders

  • Availability: Under CySEC, ASIC, DFSA, IFSC.
  • Markets: CFD forex, CFD commodities, CFD indices, CFD stocks, CFD crypto (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 (CySEC, ASIC, DFSA); 1000:1 (IFSC).
  • 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

  • Availability: Under CySEC, ASIC, DFSA, IFSC.
  • Markets: CFD forex, CFD commodities, CFD indices, CFD stocks, CFD crypto, (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 (CySEC, ASIC, DFSA); 1000:1 (IFSC).
  • Special features: You can avail of a free VPS service; there are several bonuses XM makes available under IFSC 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

  • Availability: Under CySEC, ASIC, IFSC, DFSA.
  • Markets: CFD forex, CFD commodities, CFD indices, CFD stocks, CFD crypto (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); 1000:1 (IFSC).
  • 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

  • Availability: Under ASIC, IFSC.
  • Markets: CFD forex, CFD commodities, CFD indices, CFD stocks, CFD crypto (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 (ASIC); 1000:1 (IFSC).
  • Special features: There is a free service for VPS trading. Traders under IFSC 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

  • Availability: Under IFSC.
  • 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 professional account: Best for high-volume traders

  • Availability: Under CySEC, ASIC.
  • Markets: CFD forex, CFD commodities, CFD indices, CFD stocks (1150+ assets in total).
  • Commissions: Spreads will depend on the account type chosen, if you choose a Zero account you will have a spread from 0 pips and a commission of $3.50 per lot traded; rollover fee on open positions overnight.
  • Platforms: MT4, MT5, XM WebTrader.
  • Trade size: From 1 share.
  • Leverage: Up to 1:500.
  • Special features: Free VPS service; higher leverage; high-level trading tools.
  • Account opening: You need to open a retail account first and then contact customer support to switch to a professional account.

XM Islamic account: best for Muslim traders

  • Availability: Under CySEC, ASIC, IFSC, 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); 1000:1 (IFSC).
  • 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 starts from $5.

What happens to inactive XM trading accounts?

XM does charge an inactivity fee after 90 days of inactivity, which is $10 and it will be deducted from your balance.

XM may reserve the right to close your account if you do not have sufficient balance to cover the fee.

Anyway, for any account management issues, just contact the XM support team.


About The Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

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