I live in Thailand since 2016. I trade using the accounts of several Forex Brokers. I try to provide simple information based on my actual experience. For others, see [Profile].
XM

XM Spreads Review | Is that really wider?

This is an article about spreads of XM.

XM corporation is really reliable and offers good trading environment, and has gained the support of traders all over the world.

On the other hand, it is also true that the spread is a little wider.

In this article, I will explain the following:

You can know;
  • All spread list of XM
  • The reason why traders choose XM
  • How to narrow the spread as much as possible

What is Spread?

The difference between the selling price (Bid) and the buying price (Ask) is called a spread, and this is the actual commission of the Forex broker.



For details on why spreads widen, why spreads change depending on the broker, symbol, and time of day, etc., please refer to the separate article “Low Spread Forex Brokers“.

Low Spread Forex BrokersWhen trading Forex, the cheaper the commission, the better. Spreads vary by broker and currency pair. Among the brokers I actually use, I will introduce the recommended brokers with low fees....

XM Account Types

XM offers the following 6 types of accounts.

Roughly devided, there are four types: Micro, Standard, Swap Free, and Ultra Low accont types.
Swap Free and Ultra Low have Micro and Standard, respectively.

Micro and Standard account have exactly the same trading conditions, only the number of trading lots is different.

Swap Free account is an account type that is exempt from granting and collecting Swap points for trades within a certain period of time.

It is very advantageous for trading currency pairs with a large policy interest rate difference.

Ultra Low account has the condition that the minimum deposit is higher than other accounts, but the spread is narrower than others.

Choose the account type that best suits your trading style.

For more information on XM account types, please see the separate article “XM All Account Types | Which account is the best for you?“.

XM All Account Types | Which account is the best for you?XM offers six account types. With comparing all account types, I will recommend the best account for you....
MicroStandardSwap free MicroSwap free StandardUltra low MicroUltra low Standard
MethodSTPSTPSTPSTPSTPSTP
PlatformMT4, MT5MT4, MT5MT4, MT5MT4, MT5MT4, MT5MT4, MT5
Base currencyUSD,EUR,JPY,CHF,
AUD,HUF,PLN,RUB,
SGD,ZAR,THB
USD,EUR,JPY,CHF,
AUD,HUF,PLN,RUB,
SGD,ZAR,THB
USD, EUR, THBUSD, EUR, THBUSD,EUR,GBP,AUD,
ZAR,SGD,THB
USD,EUR,GBP,AUD,
ZAR,SGD,THB
Contract size1 lot = 1,0001 lot = 100,0001 lot = 1,0001 lot = 100,0001 lot = 1,0001 lot = 100,000
Min trade volume0.01 lots (MT4)
0.1 lots (MT5)
0.01 lots0.1 lots0.01 lots0.1 lots0.01 lots
Max leverage1:8881:8881:8881:8881:8881:888
Margin call50%50%50%50%50%50%
Stop out20%20%20%20%20%20%
NBP
Min spread1.0pips~1.0pips~1.0pips~1.0pips~0.6pips~0.6pips~
Commission feeXXXXXX
Lot restriction per ticket100 lots50 lots100 lots50 lots50 lots50 lots
Max orders200 positions200 positions200 positions200 positions200 positions200 positions
SwapsXX
Admin feeXXXX
Non-deposit bonus
Deposit bonus
XMP
Min deposit$5$5$5$5$50$50
EA
Scalping
Stop level4.0pips(EURUSD)4.0pips(EURUSD)4.0pips(EURUSD)4.0pips(EURUSD)4.0pips(EURUSD)4.0pips(EURUSD)

All Spreads List in XM

I have compiled a list of spreads for all products posted on the official website in an easy-to-understand manner.

Spreads of Currency Pair

A list of currency pair spreads.

It depends on the account type.

Standard Account, Swap Free Standard Account

SymbolMin Price
Fluctuation
Min SpreadsAverage Spreads
AUDCAD0.000010.000280.0003
AUDCHF0.000010.000270.0003
AUDJPY0.0010.0320.033
AUDNZD0.000010.000370.0004
AUDUSD0.000010.000160.00018
CADCHF0.000010.000350.00037
CADJPY0.0010.0310.034
CHFJPY0.0010.0280.033
CHFSGD0.000010.00280.0031
EURAUD0.000010.000270.0003
EURCAD0.000010.000290.0003
EURCHF0.000010.000230.00027
EURDKK0.000010.003050.0038
EURGBP0.000010.000180.0002
EURHKD0.000010.00410.0045
EURHUF0.0010.3260.59
EURJPY0.0010.0210.023
EURNOK0.000010.010250.01355
EURNZD0.000010.000390.0004
EURPLN0.000010.00450.0065
EURRUB0.00010.41490.456
EURSEK0.000010.00670.0099
EURSGD0.000010.001610.0017
EURTRY0.000010.0150.018
EURUSD0.000010.000160.00017
EURZAR0.000010.013950.0241
GBPAUD0.000010.000360.00038
GBPCAD0.000010.000470.0005
GBPCHF0.000010.00030.00046
GBPDKK0.000010.01110.012
GBPJPY0.0010.0320.036
GBPNOK0.000010.01780.0216
GBPNZD0.000010.000620.0007
GBPSEK0.000010.008150.0134
GBPSGD0.000010.002760.0031
GBPUSD0.000010.00020.00022
NZDCAD0.000010.000380.00041
NZDCHF0.000010.000370.0004
NZDJPY0.0010.0250.03
NZDSGD0.000010.002410.0028
NZDUSD0.000010.000250.00027
SGDJPY0.0010.1950.2
USDCAD0.000010.00020.00022
USDCHF0.000010.000190.00021
USDCNH0.00010.00340.0036
USDDKK0.000010.003320.0036
USDHKD0.00010.00260.0028
USDHUF0.0010.280.51
USDJPY0.0010.0150.016
USDMXN0.000010.01780.0239
USDNOK0.000010.01070.0128
USDPLN0.000010.0040.0052
USDRUB0.00010.41550.437
USDSEK0.000010.00520.0082
USDSGD0.000010.001930.0021
USDTRY0.000010.0190.022
USDZAR0.00010.01120.0158

Micro Account, Swap Free Micro Account

SymbolMin Price
Fluctuation
Min SpreadsAverage Spreads
AUDCADmicro0.000010.000280.0003
AUDCHFmicro0.000010.000270.0003
AUDJPYmicro0.0010.0320.033
AUDNZDmicro0.000010.000370.0004
AUDUSDmicro0.000010.000160.00018
CADCHFmicro0.000010.000350.00037
CADJPYmicro0.0010.0310.034
CHFJPYmicro0.0010.0280.033
CHFSGDmicro0.000010.00280.0031
EURAUDmicro0.000010.000270.0003
EURCADmicro0.000010.000290.0003
EURCHFmicro0.000010.000230.00027
EURDKKmicro0.000010.003050.0038
EURGBPmicro0.000010.000180.0002
EURHKDmicro0.000010.00410.0045
EURHUFmicro0.0010.3260.59
EURJPYmicro0.0010.0210.023
EURNOKmicro0.000010.010250.01355
EURNZDmicro0.000010.000390.0004
EURPLNmicro0.000010.00450.0065
EURRUBmicro0.00010.41490.456
EURSEKmicro0.000010.00670.0099
EURSGDmicro0.000010.001610.0017
EURTRYmicro0.000010.0150.018
EURUSDmicro0.000010.000160.00017
EURZARmicro0.000010.013950.0241
GBPAUDmicro0.000010.000360.00038
GBPCADmicro0.000010.000470.0005
GBPCHFmicro0.000010.00030.00046
GBPDKKmicro0.000010.01110.012
GBPJPYmicro0.0010.0320.036
GBPNOKmicro0.000010.01780.0216
GBPNZDmicro0.000010.000620.0007
GBPSEKmicro0.000010.008150.0134
GBPSGDmicro0.000010.002760.0031
GBPUSDmicro0.000010.00020.00022
NZDCADmicro0.000010.000380.00041
NZDCHFmicro0.000010.000370.0004
NZDJPYmicro0.0010.0250.03
NZDSGDmicro0.000010.002410.0028
NZDUSDmicro0.000010.000250.00027
SGDJPYmicro0.0010.1950.2
USDCADmicro0.000010.00020.00022
USDCHFmicro0.000010.000190.00021
USDCNHmicro0.00010.00340.0036
USDDKKmicro0.000010.003320.0036
USDHKDmicro0.00010.00260.0028
USDHUFmicro0.0010.280.51
USDJPYmicro0.0010.0150.016
USDMXNmicro0.000010.01780.0239
USDNOKmicro0.000010.01070.0128
USDPLNmicro0.000010.0040.0052
USDRUBmicro0.00010.41550.437
USDSEKmicro0.000010.00520.0082
USDSGDmicro0.000010.001930.0021
USDTRYmicro0.000010.0190.022
USDZARmicro0.00010.01120.0158

Ultra Low Standard Account, Ultra Low Micro Account

SymbolMin Price
Fluctuation
Min SpreadsAverage Spreads
AUDCAD#0.000010.000110.00014
AUDCHF#0.000010.000130.00016
AUDJPY#0.0010.0180.019
AUDNZD#0.000010.000220.00025
AUDUSD#0.000010.000090.0001
CADCHF#0.000010.000190.00022
CADJPY#0.0010.0160.019
CHFJPY#0.0010.0160.019
CHFSGD#0.000010.002170.00245
EURAUD#0.000010.000190.0002
EURCAD#0.000010.000150.00021
EURCHF#0.000010.000130.0002
EURDKK#0.000010.00180.00255
EURGBP#0.000010.000070.00011
EURHKD#0.000010.00260.003
EURHUF#0.0010.2510.51
EURJPY#0.0010.010.012
EURNOK#0.000010.009250.01255
EURNZD#0.000010.000320.00039
EURPLN#0.000010.003860.0053
EURRUB#0.00010.32640.369
EURSEK#0.000010.00510.0084
EURSGD#0.000010.001190.0012
EURTRY#0.000010.01450.0175
EURUSD#0.000010.000060.00008
EURZAR#0.000010.011050.0212
GBPAUD#0.000010.000220.00027
GBPCAD#0.000010.000240.00033
GBPCHF#0.000010.000180.00028
GBPDKK#0.000010.00910.01
GBPJPY#0.0010.0180.024
GBPNOK#0.000010.01440.0182
GBPNZD#0.000010.000360.0005
GBPSEK#0.000010.00610.0113
GBPSGD#0.000010.002110.0024
GBPUSD#0.000010.000070.0001
NZDCAD#0.000010.000210.00027
NZDCHF#0.000010.000290.00033
NZDJPY#0.0010.0230.025
NZDSGD#0.000010.001810.0022
NZDUSD#0.000010.000140.00015
SGDJPY#0.0010.1450.149
USDCAD#0.000010.000110.00012
USDCHF#0.000010.000090.00011
USDCNH#0.00010.00230.0024
USDDKK#0.000010.002150.0026
USDHKD#0.00010.00150.0016
USDHUF#0.0010.2120.45
USDJPY#0.0010.0060.008
USDMXN#0.000010.015450.0202
USDNOK#0.000010.009150.0113
USDPLN#0.000010.002580.00349
USDRUB#0.00010.3260.349
USDSEK#0.000010.0040.007
USDSGD#0.000010.001440.0016
USDTRY#0.000010.01850.0215
USDZAR#0.00010.00750.0118

Spreads of Metal

A list of Metal spreads.

It depends on the account type.

Standard Account, Swap Free Standard Account

SymbolMin Price
Fluctuation
Min SpreadsAverage Spreads
GOLD0.010.30.35
SILVER0.0010.030.035

Micro Account, Swap Free Micro Account

SymbolMin Price
Fluctuation
Min SpreadsAverage Spreads
GOLDmicro0.010.30.35
SILVERmicro0.0010.030.035

Ultra Low Standard Account, Ultra Low Micro Account

SymbolMin Price
Fluctuation
Min SpreadsAverage Spreads
SILVER#0.0010.0220.025
GOLD#0.010.20.25

Spread of Energy

A list of Energy spreads.

All account type has same spreads.

SymbolDescriptionMin Price
Fluctuation
Value of
Min Price
Fluctuation
Min Spreads
BRENTBrent Crude Oil0.01USD 10.05
GSOILLondon Gas Oil0.01USD 0.041.5
NGASNatural Gas0.001USD 10.035
OILWTI Oil0.01USD 10.04
OILMnWTI Oil Mini0.01USD 0.10.04

Spreads of Commodity

A list of Commodity spreads.

All account type has same spreads.

SymbolDescriptionMin Price
Fluctuation
Value of
Min Price
Fluctuation
Min Spreads
COCOAUS Cocoa1USD 115
COFFEUS Coffee0.0001USD 10.008
CORNUS Corn0.0001USD 0.040.0275
COTTOUS Cotton No. 20.0001USD 10.0047
HGCOPHigh Grade Copper0.0001USD 0.20.0077
SBEANUS Soybeans0.0001USD 0.040.0185
SUGARUS Sugar No. 110.0001USD 10.0009
WHEATUS Wheat0.0001USD 0.040.025

Spreads of Index

A list of Index spreads.

Cash Index and Future Index has each spreads.

Cash Index

SymbolMin Price
Fluctuation
Min Spreads
AUS200Cash0.013
EU50Cash0.012.6
FRA40Cash0.011.8
GER30Cash0.012
HK50Cash114
IT40Cash113
JP225Cash112
NETH25Cash0.010.6
SPAIN35Cash16
SWI20Cash0.015
UK100Cash0.011.5
US100Cash0.012
US30Cash0.012.8
US500Cash0.010.7

Future Index

SymbolMin Price
Fluctuation
Min Spreads
EU500.013
FRA400.013
GER300.014
JP225124
SWI200.014
UK1000.016
US1000.015
US300.016
US5000.011.2
USDX0.0010.05

The reason why traders choose XM

XM certainly has wider spreads, but there’s still a reason to choose it.

This is because it has the following advantages over other forex brokers.

  • Max 1:888 of High leverage
  • $30 Non-deposit bonus
  • Max $5,000 deposit bonus
  • Max $5 cash back per lot by XMP program
  • Negative protection system, you never be in debt
  • Free deposit and withdrawal fee
  • Free VPS service
  • Both of MT4 and MT5 allowed
  • Enriched seminars and educational content
  • No requote
  • Full support program

Regards to financial benefits, XM offers bonuses and cashback (XMP).

By taking full advantage of bonus programs, you can think of the actual spread as narrower.

There are many other benefits as well.

In particular, compared to other brokers, there are more services such as educational content, various tools, and VPS, which is the reason why a lot of traders in the world choose XM.

To trade with the narrowest spread as possible

Spreads should be as narrow as possible.

You can trade with a narrower spread by taking the following measures and precautions.

Do not trade during times when spreads widen

Spreads tend to be narrower when there are many trading participants in the market, that is when liquidity is high.

Also when the important economics news and indicators are accnounced, and when if there are big news in the world, spreads tend to widen as well.

You can prevent spreads from widening strangely by trading at the most normal time of day when trading is active.

Take advantage of bonuses

At XM, when you open an account, you will receive an account opening bonus of $30.

Also, depending on the deposit amount, you can get a deposit bonus up to $5,000.

For example, the deposit bonus is 50% for the first deposit of up to $1,000, so if you deposit $1,000, it will be a margin of $1,500.
In other words, the spread is actually two-thirds.

By making good use of the account opening bonus and deposit bonus, you can narrow the real spread.

Take advantage of XMP

In XM, every time you trade, you will earn points called XMP.

The accumulated XMP can be converted into a bonus as a cashback, it is depending on the status, a maximum of 16 XMP can be accumulated per lot.

You can convert it into a bonus equivalent to $1 with 3XMP, that is, if you trade 1 lot, you will get about $5 cash back.

This is the same effect as narrowing by about 0.5 pips.

Summary

What did you think.

Anyway, many people mention about XM wide spread, but it can be said that it is a broker that can be fully used by taking advantage of the benefits and devising ways to make it as narrow as possible.

If you are still hesitant to use XM, why not get an account opening bonus and trade for the time being, or try a demo account.

XM | How to Open an AccountPerfect explanation of how to open an trading account. What is the steps? What kind of document is needed for PLE and POA? You can know all and open an account within 3 minutes!...
How to Utilize XM Free Demo AccountXM allows to open up to 5 demo accounts. Anyone can use it for free. By using the demo account, you can practice trading and check the actual trading conditions....

\Just 3 minutes!!/
Open an Account

Official Site

ABOUT ME
KandA
KandA
I live in Thailand since 2016. I trade using the accounts of several Forex Brokers. I try to provide simple information based on my actual experience. For others, see [Profile].