XM Group
$5 minimum makes starting cheap
On this page
About the broker
XM Group operates under three regulators — IFSC Belize for non-EU/non-AU clients, plus ASIC and CySEC for regulated jurisdictions. Founded 2009, it markets itself heavily to first-time traders with a $5 minimum deposit, no inactivity fee on most account types, and a comprehensive educational library. Pricing is spread-only with no commission, but typical EUR/USD spreads of 1.3 pips translate to roughly $13/lot — substantially more expensive than ECN-style competitors.
The beginner-friendly framing comes at a cost — at $13/lot versus $7.50 on Tickmill Raw, XM is best suited to traders running infrequent positions where total monthly volume is small. As volume grows, the cost gap compounds quickly. The Ultra-Low account type narrows the spread but adds a commission and is closer to ECN cost. If you scale up, switch account types or move to a commission-based broker.
XM offers four account tiers: Micro and Standard (spread-only, ~1.3 pip EUR/USD typical), Ultra Low (tighter spread but still no commission, closer to ECN cost), and Shares (cash equity). Retail clients in the EU are onboarded by Trading Point (Cyprus) Ltd under CySEC with ESMA-aligned 1:30 caps; Australian retail by XM Australia under ASIC; the rest of the world by XM Global Ltd (Belize IFSC) with leverage up to 1:1000. Choose XM if first-month onboarding ease matters more than per-lot cost; switch to a Raw/ECN broker once monthly turnover passes ~30 lots.
Pricing
- Avg spread
- 1.30 pip
- Commission
- None
- Min deposit
- $5
- Max leverage
- 1:1000
Realised cost · EUR/USD · XM Group
| Position | Spread cost | Commission | Total |
|---|---|---|---|
| 0.1 lots | $1.30 | — | $1.30 |
| 1 lot | $13.00 | — | $13.00 |
| 10 lots | $130.00 | — | $130.00 |
Regulation
- Australian Securities and Investments Commission
Australian client money rules; segregated trust accounts required. Verify: connectonline.asic.gov.au
- Cyprus Securities and Exchange Commission
ICF compensation up to €20,000 per client. Verify: cysec.gov.cy
- International Financial Services Commission (Belize)
Belize IFSC — light-touch regulation, no compensation scheme. Verify: ifsc.gov.bz
Platforms
Payment methods
Deposit
- Bank transfer (international / local wire) in USD / EUR and others to XM accountFee: 0 XM fee; below $200 bank-side fees may not be covered
- Visa / Mastercard for instant top-upFee: 0 XM fee; broker covers card processing fees — you see the full credited amount
- Skrill for fast top-upsFee: 0 XM fee; Skrill charges covered by XM under no-fees policy
- Neteller and other e-wallets (Perfect Money etc., region-dependent)Fee: 0 XM fee; broker covers most provider fees
- Local methods: Western Union, MoneyGram, local bank transfers / payments (by client country)Fee: 0 XM fee; local provider fees may apply
Withdraw
- Bank withdrawal (SWIFT / local wire)Fee: 0 XM fee; broker covers bank fees for amounts ≥ $200; below that, bank fees possible
- Withdrawal to Visa / Mastercard (up to deposited amount)Fee: 0 XM fee; XM processes within 24 hours; card issuer refund 1–30 days
- Withdrawal to SkrillFee: 0 XM fee; requests processed within 24 hours; crediting usually within hours
- Withdrawal to Neteller and other supported e-walletsFee: 0 XM fee; all e-wallet deposits / withdrawals covered by XM no-fees policy
Who this fits
Fits if
- ✓You want the lowest-friction entry in our list — $5 minimum deposit
- ✓You use payment methods other brokers charge fees on — XM's "no-fees" policy covers most card and e-wallet provider charges
- ✓You're in AU retail and want ASIC + CySEC double cover
- ✓You're a beginner who values broker-provided educational content as part of the onboarding
- ✓You need Western Union or MoneyGram funding — rare support among our brokers
Avoid if
- ✕You live in the US, Canada, Israel, or Iran (and likely others — the broker states additional restrictions exist but does not enumerate)
- ✕You scalp or trade at volume — Standard's 1.0–1.6 pip typical spread costs ~$13/lot round-turn, one of the highest in our list
- ✕You want ECN / Raw commission pricing — XM offers only Standard and Ultra Low, both spread-only; no cTrader, no Raw
- ✕You expect a single published typical spread — XM discloses a range (1.0–1.6 pip), meaning session variability is built in
- ✕You want crypto funding — XM does not offer crypto deposits or withdrawals
Compare to other brokers
Frequently asked
What licence does XM Group hold?
XM Group is regulated by ASIC, CySEC, IFSC. Verify on each regulator's public register before opening an account.
What are XM Group's fees and commissions?
Standard tariff: Standard (MT4/MT5). Commission per trade: 0%. Minimum deposit: $5. Detailed pricing in the section above.
How do I open an account at XM Group?
Online onboarding: visit XM Group's site, complete the application (ID + tax number), pass identity verification, fund the account ($5 minimum). Open an account: https://clicks.pipaffiliates.com/c?c=647307&l=en&p=1.
What trading platforms does XM Group offer?
XM Group provides: MetaTrader 4, MetaTrader 5, Web Trader.
What is XM Group's minimum deposit?
$5.