Do you charge commission on XM Zero Accounts? | XM (2024)

FAQs

Do you charge commission on XM Zero Accounts? | XM? ›

Yes, the commission on XM Zero accounts is $3.5 per $100,000 traded. On the MT4 platform, the commission fee is deducted from your account during the opening of a transaction for both operations at once (opening and closing).

XM charges a forex commmission: $3.50 commission per lot per trade on XM Zero accounts. Spread costs come on top of this, e.g. the EUR/USD spread is 0.1.

The Zero Account operates with the leading forex charting and execution platform MetaTrader4, and a total of 58 markets are available for trading, including major currency pairs and precious metals. Leverage of up to 500:1 is available, and the minimum deposit to open a new Zero Account with XM is just $200.

Our new account type, XM Zero, features ultra-thin spreads as low as zero pips, along with XM's no re-quotes execution policy.

In conclusion, the choice between an XM Micro Account and an XM Standard Account depends on your individual preferences, trading style, and financial situation. Micro Accounts are suitable for beginners and those with limited capital, offering smaller lot sizes and lower minimum deposits.

Yes, the commission on XM Zero accounts is $3.5 per $100,000 traded. On the MT4 platform, the commission fee is deducted from your account during the opening of a transaction for both operations at once (opening and closing).

A zero spreads account offers minimal or zero spreads between the bid and ask price. This means that traders get direct access to institutional pricing without any added mark-up by the broker. The only charge involved is a small commission.

Yes, we allow scalping across any of our account types.

Yes, XM charges an inactivity fee. Inactivity fee conditions at XM are the following: $15 one-off maintenance fee after one year of inactivity, followed by $5 per month fee if the account remains inactive.

Here are steps to claim the XM login $30 no deposit bonus: 1️⃣ Step 1: open a real account at XM by registering a real trading account. 2️⃣Step 2: Log in to the Members Area using credentials provided via email to access your XM Members Area. 3️⃣ Step 3: Account verification is required to claim the bonus.

Is XM a good broker for beginners? ›

Absolutely! XM emerges as a top-tier choice for novice traders venturing into the world of forex trading. With a plethora of user-friendly features and robust support, XM Group provides an ideal platform for beginners to kickstart their trading journey.

The broker's transparent fees and varied account types offer flexibility to orders. While industry-standard fees include overnight funding and currency conversion, the inactivity fee may concern less active traders. Overall, XM's user-friendly fee structure and competitive spreads make it attractive to traders.

XM Standard Accounts provide traders with access to leverage ranging from 1:1 to 1:888, allowing them to control a larger trading volume with a smaller initial deposit.

The XM ZERO account allows you to trade with standard lots, spreads starting at just 0 pips with a minimum initial deposit of only $100. The XM ZERO account charges a commission of $3.50 per $100000 traded.

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This lot size accounts for 1,000 base currency units in every forex trade, determining the amount of a particular currency. Suppose you're trading the USDJPY (U.S. Dollar-Japanese Yen) currency pair, and the base currency is the USD. In that case, a 0.01 lot is equivalent to 1,000 U.S. dollars.

XM trading involves commissions from $0 up to $3.5 / R56 ZAR depending on the account traders select and spreads from as low as 0.6 pips.

XM charges XM Zero accounts, a commission fee every time a holder of an XM Zero account opens or closes a position. The commission fee is automatically calculated according to the volume traded. Commissions are USD 7 for USD 100,000 transaction.