XM Minimum Deposit Guide (2022)

filippo ucchino Filippo Ucchino calendar Last Updated: March 2022 timer 7 min read

Trading with a top forex broker like XM is a forward step in the trading career of anyone looking to break into the sector.

Our XM review details exactly what is on offer with this broker providing extensive access to a wide range of markets.

Here we will take a closer look at the financial side of things.

The XM minimum deposit to be exact.

This is something which can certainly influence how you trade so it is well worth noting.

We will look at the minimum deposit for XM by funding method and account type to make sure that we cover all traders.

Table of contents

XM Minimum Deposits

The minimum deposit you will find with XM is $5. This is true on both Standard and Micro accounts, which are the most common among all broker’s entities. Depending on your regulation area you may access different account types and minimum deposits which can be way higher than the minimum deposit we’ve just talked about.

XM Minimum Deposit Features
Minimum Deposit $5
Deposit Fees No
Withdrawal Fees No
Base Currencies EUR, USD, GBP, AUD, CHF

Standard Account

The XM Standard Account is available under every jurisdiction and with a very good value $5 being the minimum deposit here, it is easy to see why many choose to trade with it. You may also want to check how XM scores in our best low no minimum deposit brokers selection.

Islamic accounts are also available if you should require them and are easily known as the best in the industry.

xm account types comparison

Micro Account

Again, the XM minimum deposit on their micro accounts is suitably small at just $5. These accounts facilitate trading in micro lots at excellent rates and are available to all traders in every regulatory area. Islamic traders are also catered for.

XM Zero Account

An XM Zero Account is also available. This account type is available under CySEC and most of the countries regulated under the XM Global Market regulatory framework. The spreads offered by one of the top zero spread accounts here is unbeatable starting at 0 pips although commissions are charged on trading.

The XM minimum deposit for trading on these accounts is still just $100.This represents good value since you can also have access to your own VPS. You can also check here, the best free VPS forex brokers and how to choose the right one for you.

Ultra Low Account

This XM Low spread account type is available to traders based in Australia and within the XM Global Market regulatory framework. This account comes with extra low forex spreads and no commission to worry about.

The minimum deposit on this account type is $50.

Shares Account

Finally, the XM Shares Account which focuses on shares trading is available only within the XM global market regulatory area and with a $10,000 minimum deposit.

XM Minimum Deposit Overview

XM Accounts* Minimum Deposit Min. Spread Commission per lot
XM Standard $5 1 pip No
XM Micro $5 1 pip No
XM Zero $100 0 pips $7/lot
XM Ultra Low $50 0,6 pips No
XM Shares $10’000 N/A N/A

* The following account types may not be available and/or offered by all XM entities

XM Minimum Deposit Comparison with other Major Brokers


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money

Feature XM IC Markets FBS
Min. deposit $5 $0 $1/10
Bank Wires Yes Yes Yes
Credit/Debit Cards Yes Yes Yes
PayPal No Yes No
Skrill Yes Yes Yes
Neteller Yes Yes Yes
Number of dep. methods 6 10 9

XM Account Base Currency

As with most top brokers, XM accounts are available with many several base currencies. The XM base currency is the one that you trade with and effectively depends upon which account and regulatory type you fall under.

If you have an XM Standard or Micro account, you can look forward to choosing every major currency as your XM base currency. Also included are PLN and HUF as other options as well as ZAR and SGD.

Russian RUB is available only if you are located outside of the CySEC regulatory area.

If you are an XM Zero account holder, you can access USD or EUR as base currencies with JPY available under global market regulation.

XM Ultra-Low account holders can select between five base currencies. These are EUR, USD, GBP, AUD, and CHF.

If you are an XM Shares Account holder, USD only is available for trading with.

XM Funding and Deposit Methods

Again there is a range of XM deposit methods available to traders. These will depend on the country in which you live and not the regulatory jurisdiction you fall under.

Wondering for example if you can make a minimum deposit in ZAR?

The answer is yes, you can deposit in any currency, this includes ZAR. These funds will then simply be converted into your base currency for trading on your account.

Wire Transfer

XM deposit by wire transfer is, of course, available and widely used. This funding method is available to traders worldwide and there is a minimum deposit of $60 in place here.

With that said, you will incur a fee if the wire transfer you make falls below $200. If the deposit is above this amount, then not only will XM waive any fees they charge, they will also cover any fee you would usually incur from your own bank side. Therefore, although it is not explicitly required, it is in your best interest to deposit more than $200.

Credit Cards

Credit card deposits are available through both Visa and Mastercard at XM. These are accessible to traders around the world with a minimum deposit amount of just $5.

There are no fees from the broker side, but again if your financial provider does levy a fee, this will be covered for anything over a $200 deposit by XM.


Again, the minimum XM deposit through an eWallet is only $5. This can be made through Neteller, Skrill, Perfect Money, or a host of others dependent upon your country. At this time XM PayPal deposits are not available.

If you want to know about the top brokers accepting PayPal as a payment method then you can check our selection of the best PayPal forex brokers.

Other XM deposit options

Other XM deposit options available include both Western Union and MoneyGram although these will depend on your location and fees may be applied for these services although not from the broker side.

Various local methods and local bank transfer deposits may also be open to you depending on your area. These minimum deposits will vary.

Deposit Bonus

XM bonus amounts and XM deposit bonuses are available though not to those regulated under CySEC/ESMA. Also, although you can receive bonuses under certain circumstances with XM, the bonus amounts themselves are typically not eligible to withdraw, though any profits derived from them usually are.

If you are outside Europe and are eligible for deposit bonuses then you may also want to check our top forex brokers bonus promotions.

XM deposit bonuses

No Deposit Bonus

Unlike many brokers, an XM no deposit bonus is available. This means you can effectively start trading without any real money. While you cannot withdraw the bonus funds, you can withdraw any profits made from them.

This XM bonus amount is in the form of a $30 welcome bonus or the equivalent amount based on your account.

You can also view which broker have the best no deposit bonus in our selection of the best no deposit bonus forex brokers.

XM Bonus Program

An XM bonus program is in place. This program provides for a 50% deposit bonus up to $500 and then a further 20% deposit bonus on amounts up to $4500. This can be redeemed through trading with the broker. The only exception with this is that it is not available with XM Ultra-Low Accounts.

XM Minimum Deposit FAQs

Does XM have a ZAR account?

An XM ZAR account is available and possible to open. You must be a resident of South Africa to access this account though.

Can I trade forex with $10?

It is possible to trade forex with $10. Both the XM Micro, and XM Standard account types have minimum deposits starting from just $5.

What is the XM Zero Account?

The XM Zero account is essentially a low spread account where the spreads start from 0 pips although a commission of $3.50 per lot traded is charged. The minimum deposit for this account type is just $100 though it is not made available to Australian traders.

74-89% of retail CFD accounts lose money

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.

Leave a Reply

Your email address will not be published.

Keeping you better informed

Find and Compare the Best
Online Brokers for You

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
ADVERTISER DISCLOSURE: InvestinGoal is completely free to use for all. Though we may receive a commission from brokers we feature, this does not impact the results of our reviews or rankings which are conducted with complete independence and objectivity, following our own impartial methodology. Help us continue to provide the best free broker reviews by opening your account with our links. Please read our Advertiser Disclosure to learn more.
Copyright © 2022 InvestinGoal.com – All rights reserved. / Privacy and Cookie Policy / Basic Terms of Use / Risk Warning / Sitemap