XMXM Group at a glance
- Best for: Budget Ultra Low account
- SpreadScout score: 4.0 / 10
- Regulation: ASIC, CySEC, DFSA
- Spreads from: 0.6 pips (typical) · Min deposit: $5 · Max leverage: 1:1000
- $5 minimum deposit — lowest barrier to entry
- Ultra Low account at 0.6 pips (no commission)
Overview: who XM Group is best for
XM’s Ultra Low account offers 0.6-pip EUR/USD spreads with no commission — a decent cost for a commission-free product, equating to circa $6 per lot. For beginners who find raw-spread-plus-commission billing confusing, this is a simpler pricing model.
The Standard account at 1.6+ pips is not cost-competitive for any trader placing more than a few trades per week. XM’s strength in this niche is accessibility (the $5 minimum is the lowest we track), not raw cost.
Pros & cons
Pros
- $5 minimum deposit — lowest barrier to entry
- Ultra Low account at 0.6 pips (no commission)
- Strong education library
- No inactivity fee
Cons
- No raw/ECN account option
- No cTrader or TradingView
- Standard account spreads (1.6+ pips) are wide
- Not competitive for high-volume traders on cost
Fees & spreads
Ultra Low: 0.6 pips EUR/USD (no commission) = circa $6 per lot. Standard: 1.6–1.8 pips (no commission) = circa $16–18 per lot. No raw/ECN account exists. No inactivity fee — genuinely useful for low-frequency traders. $5 minimum deposit (Standard) and $50 (Ultra Low).
| Cost (EUR/USD) | XM Group | IC Markets | Pepperstone |
|---|---|---|---|
| Spread — standard | 1.6 pips (typical, Standard); 0.6 pips (Ultra Low) | 0.8 pips (typical) | 1.0 pips (typical) |
| Spread — raw/ECN | n/a (no raw account) | 0.0–0.1 pips (typical) | 0.07–0.1 pips (typical) |
| Commission | None — spread only | $3.50/side ($7.00 round-turn); cTrader $3.00/side | $3.50/side ($7.00 round-turn); cTrader $3.00/side |
| All-in cost / lot | circa $6–16 per lot (varies by account) | circa $7.20 per lot | circa $7.70 per lot |
| Minimum deposit | $5 | $200 | $0 |
Spreads live-sampled on EUR/USD during the London session. Figures are typical, not guaranteed.
Key facts at a glance
Markets you can trade
Platforms & tools
MT4 and MT5 across desktop, web and mobile. No cTrader or TradingView. XM’s education library is extensive but the platform offering is limited for cost-focused traders who want cTrader execution transparency.
Is XM Group safe? Regulation & protection
Short answer: XM Group is a safe, well-regulated choice. It is regulated by ASIC, CySEC, DFSA and holds client money in segregated accounts, with negative-balance protection. It is not authorised by the UK FCA, so UK residents should confirm onboarding eligibility and note that FSCS cover may not apply — ICF up to EUR 20,000 (CySEC entity).
ASIC (443670), CySEC (120/10) and DFSA regulated. CySEC entity provides EU protections including ICF cover up to EUR 20,000. No FCA entity for UK-specific cover. Client funds segregated.
Deposits & withdrawals
Internal processing within 24 hours. E-wallets same-day to next business day. No withdrawal fees. Minimum withdrawal $5.
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