XM Group’s spreads and swaps
Clients of the XM Group (XM.com) broker can choose suitable trading conditions based on the options offered on the company's website. At the same time, one of the important criteria is the variation in the size of swaps and spreads on different types of accounts. For instance, an account with minimum spread sizes (XM Ultra Low) is suitable for active traders, where the difference between the bid and ask prices starts from 0.6 pips. The deposit for this type of account starts at $50, while for a standard classic account the minimum deposit is only $5, but there the spread is higher.
| XM | Tickmill | Admiral Markets | |
| Zero spread | No | No | Yes |
| Fixed spread | No | No | No |
| Floating spread | Yes | Yes | Yes |
| Swaps | Swaps + Islamic accounts | Yes | Yes |
In addition to classic account types, XM.com offers traders "Islamic accounts", where the standard swap is replaced by a fixed fee. Islamic accounts are relevant for those traders whose trading strategy is based primarily on long-term transactions. It is worth noting that XM.com does not have zero and fixed spreads. The broker explains this by the fact that the fixed spread imposes some restrictions on trading during the period of important financial news releases, for example. If it is important for you to use account types with fixed spreads, we recommend choosing another broker from the Traders Union Forex broker rating.
Compare brokersComparison table of spreads of competitors of XM.com
The spread directly affects the trader's potential profit: the higher it is, the lower the final profit in each trade will be. This is especially noticeable for those traders who work with small amounts in the short term. The XM Group broker allows choosing the optimal trading account for work based, among other things, on the size of the spread.
It is worth noting that the XM Group broker offers low spreads for the XM Ultra Low account type (from 0.6 pips) with a minimum deposit of $50. On other types of accounts, spreads start from 1 pip. Concerning Shares accounts, the difference between the bid and ask quotes can vary. It depends on the specific exchange on which shares and other securities will be bought.
| XM | Tickmill | Admirals | |
| AUD/USD | 1,9 | 0,1 | 1,0 |
| GBP/USD | 2,4 | 0,3 | 1,0 |
| EUR/USD | 1,7 | 0,1 | 0,6 |
| USD/CAD | 2,2 | 0,2 | 1,6 |
| USD/CHF | 2,1 | 0,4 | 2,9 |
| USD/JPY | 1,6 | 0,1 | 0,9 |
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Swap comparison with competitors of XM.com
Traders who open their accounts with the XM Group broker can choose from two types of swaps:
- ● Standard swap for position rollovers to the next day;
- ● Fixed swap ("Islamic accounts"), when a trader pays a predetermined amount every day.
For your convenience, we have provided a comparative table with information on the standard values of swaps for the most popular currency instruments from the XM Group broker and its main competitors so that you can choose a suitable partner for trading.
| Tickmill | XM | Admiral | |
| GBP/USD short | -2.66 | -0.03 | -0.340 |
| GBP/USD long | -3.96 | -0.04 | -0.616 |
| EUR/USD short | 0.1 | -0.01 | 0.007 |
| EUR/USD long | -4.7 | -0,05 | -0.730 |
| USD/JPY short | -3.76 | -0,04 | -0.513 |
| USD/JPY long | -1.15 | -0.02 | -0.282 |
If the swap value is negative, funds are debited from each open position of the trader for the transfer of positions to the next trading day. If the swap value is positive, a certain amount is charged on the open position if this position is rolled over overnight. For the most popular currency pairs at the XM.com broker, all swaps are negative — both for long and short positions. The size of the swap is determined based on the interest rates of the Central Banks of the countries that issue the currencies in that pair.
FAQs about the XM Group’s spreads and swaps
Does the XM.com broker have fixed or floating spreads on all account types?
The XM Group offers account types with floating spreads only. This is explained by the fact that with fixed spreads, the difference between the bid and ask quotes is usually higher than with floating spreads. In addition, brokers offering fixed spreads may impose certain restrictions on news trading.
Can I get a zero spread from the XM broker?
Unfortunately, the XM Group does not provide zero spread account types. The minimum threshold for spreads is 0.6 pips.
Why are XM.com swaps different from other brokers?
Each company calculates these indicators itself, sometimes including its commission in the swap value, so there may be some differences. In any case, swaps are tied to interest rates set by the central banks of the countries that issue the currencies. Importance note! Swaps are debited threefold each Wednesday and Thursday.
What trading instruments does XM Group offer?
XM.com offers a vast array of trading instruments that include Forex currency pairs, Contracts for Difference (CFDs) on stocks, indices, commodities, and others.
How do I open a trading account with XM.com?
To do this, you need to follow the Traders Union referral link to the XM.com broker's website and fill out all the items of the registration form. Then you should choose a suitable account type, make a minimum deposit and start trading.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
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Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
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Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.