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 Brokers

People always talk about its wider spread of forex brokers, but there are also brokers that offers quite narrow spreads.

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?“.

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	Micro	Standard	Swap free Micro	Swap free Standard	Ultra low Micro	Ultra low Standard
Method	STP	STP	STP	STP	STP	STP
Platform	MT4, MT5	MT4, MT5	MT4, MT5	MT4, MT5	MT4, MT5	MT4, MT5
Base currency	USD,EUR,JPY,CHF, AUD,HUF,PLN,RUB, SGD,ZAR,THB	USD,EUR,JPY,CHF, AUD,HUF,PLN,RUB, SGD,ZAR,THB	USD, EUR, THB	USD, EUR, THB	USD,EUR,GBP,AUD, ZAR,SGD,THB	USD,EUR,GBP,AUD, ZAR,SGD,THB
Contract size	1 lot = 1,000	1 lot = 100,000	1 lot = 1,000	1 lot = 100,000	1 lot = 1,000	1 lot = 100,000
Min trade volume	0.01 lots (MT4) 0.1 lots (MT5)	0.01 lots	0.1 lots	0.01 lots	0.1 lots	0.01 lots
Max leverage	1:888	1:888	1:888	1:888	1:888	1:888
Margin call	50%	50%	50%	50%	50%	50%
Stop out	20%	20%	20%	20%	20%	20%
NBP	✓	✓	✓	✓	✓	✓
Min spread	1.0pips~	1.0pips~	1.0pips~	1.0pips~	0.6pips~	0.6pips~
Commission fee	X	X	X	X	X	X
Lot restriction per ticket	100 lots	50 lots	100 lots	50 lots	50 lots	50 lots
Max orders	200 positions	200 positions	200 positions	200 positions	200 positions	200 positions
Swaps	✓	✓	X	X	✓	✓
Admin fee	X	X	✓	✓	X	X
Non-deposit bonus	✓	✓	✓	✓	✓	✓
Deposit bonus	✓	✓	✓	✓	✓	✓
XMP	✓	✓	✓	✓	✓	✓
Min deposit	$5	$5	$5	$5	$50	$50
EA	✓	✓	✓	✓	✓	✓
Scalping	✓	✓	✓	✓	✓	✓
Stop level	4.0pips(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

Symbol	Min Price Fluctuation	Min Spreads	Average Spreads
AUDCAD	0.00001	0.00028	0.0003
AUDCHF	0.00001	0.00027	0.0003
AUDJPY	0.001	0.032	0.033
AUDNZD	0.00001	0.00037	0.0004
AUDUSD	0.00001	0.00016	0.00018
CADCHF	0.00001	0.00035	0.00037
CADJPY	0.001	0.031	0.034
CHFJPY	0.001	0.028	0.033
CHFSGD	0.00001	0.0028	0.0031
EURAUD	0.00001	0.00027	0.0003
EURCAD	0.00001	0.00029	0.0003
EURCHF	0.00001	0.00023	0.00027
EURDKK	0.00001	0.00305	0.0038
EURGBP	0.00001	0.00018	0.0002
EURHKD	0.00001	0.0041	0.0045
EURHUF	0.001	0.326	0.59
EURJPY	0.001	0.021	0.023
EURNOK	0.00001	0.01025	0.01355
EURNZD	0.00001	0.00039	0.0004
EURPLN	0.00001	0.0045	0.0065
EURRUB	0.0001	0.4149	0.456
EURSEK	0.00001	0.0067	0.0099
EURSGD	0.00001	0.00161	0.0017
EURTRY	0.00001	0.015	0.018
EURUSD	0.00001	0.00016	0.00017
EURZAR	0.00001	0.01395	0.0241
GBPAUD	0.00001	0.00036	0.00038
GBPCAD	0.00001	0.00047	0.0005
GBPCHF	0.00001	0.0003	0.00046
GBPDKK	0.00001	0.0111	0.012
GBPJPY	0.001	0.032	0.036
GBPNOK	0.00001	0.0178	0.0216
GBPNZD	0.00001	0.00062	0.0007
GBPSEK	0.00001	0.00815	0.0134
GBPSGD	0.00001	0.00276	0.0031
GBPUSD	0.00001	0.0002	0.00022
NZDCAD	0.00001	0.00038	0.00041
NZDCHF	0.00001	0.00037	0.0004
NZDJPY	0.001	0.025	0.03
NZDSGD	0.00001	0.00241	0.0028
NZDUSD	0.00001	0.00025	0.00027
SGDJPY	0.001	0.195	0.2
USDCAD	0.00001	0.0002	0.00022
USDCHF	0.00001	0.00019	0.00021
USDCNH	0.0001	0.0034	0.0036
USDDKK	0.00001	0.00332	0.0036
USDHKD	0.0001	0.0026	0.0028
USDHUF	0.001	0.28	0.51
USDJPY	0.001	0.015	0.016
USDMXN	0.00001	0.0178	0.0239
USDNOK	0.00001	0.0107	0.0128
USDPLN	0.00001	0.004	0.0052
USDRUB	0.0001	0.4155	0.437
USDSEK	0.00001	0.0052	0.0082
USDSGD	0.00001	0.00193	0.0021
USDTRY	0.00001	0.019	0.022
USDZAR	0.0001	0.0112	0.0158

Micro Account, Swap Free Micro Account

Symbol	Min Price Fluctuation	Min Spreads	Average Spreads
AUDCADmicro	0.00001	0.00028	0.0003
AUDCHFmicro	0.00001	0.00027	0.0003
AUDJPYmicro	0.001	0.032	0.033
AUDNZDmicro	0.00001	0.00037	0.0004
AUDUSDmicro	0.00001	0.00016	0.00018
CADCHFmicro	0.00001	0.00035	0.00037
CADJPYmicro	0.001	0.031	0.034
CHFJPYmicro	0.001	0.028	0.033
CHFSGDmicro	0.00001	0.0028	0.0031
EURAUDmicro	0.00001	0.00027	0.0003
EURCADmicro	0.00001	0.00029	0.0003
EURCHFmicro	0.00001	0.00023	0.00027
EURDKKmicro	0.00001	0.00305	0.0038
EURGBPmicro	0.00001	0.00018	0.0002
EURHKDmicro	0.00001	0.0041	0.0045
EURHUFmicro	0.001	0.326	0.59
EURJPYmicro	0.001	0.021	0.023
EURNOKmicro	0.00001	0.01025	0.01355
EURNZDmicro	0.00001	0.00039	0.0004
EURPLNmicro	0.00001	0.0045	0.0065
EURRUBmicro	0.0001	0.4149	0.456
EURSEKmicro	0.00001	0.0067	0.0099
EURSGDmicro	0.00001	0.00161	0.0017
EURTRYmicro	0.00001	0.015	0.018
EURUSDmicro	0.00001	0.00016	0.00017
EURZARmicro	0.00001	0.01395	0.0241
GBPAUDmicro	0.00001	0.00036	0.00038
GBPCADmicro	0.00001	0.00047	0.0005
GBPCHFmicro	0.00001	0.0003	0.00046
GBPDKKmicro	0.00001	0.0111	0.012
GBPJPYmicro	0.001	0.032	0.036
GBPNOKmicro	0.00001	0.0178	0.0216
GBPNZDmicro	0.00001	0.00062	0.0007
GBPSEKmicro	0.00001	0.00815	0.0134
GBPSGDmicro	0.00001	0.00276	0.0031
GBPUSDmicro	0.00001	0.0002	0.00022
NZDCADmicro	0.00001	0.00038	0.00041
NZDCHFmicro	0.00001	0.00037	0.0004
NZDJPYmicro	0.001	0.025	0.03
NZDSGDmicro	0.00001	0.00241	0.0028
NZDUSDmicro	0.00001	0.00025	0.00027
SGDJPYmicro	0.001	0.195	0.2
USDCADmicro	0.00001	0.0002	0.00022
USDCHFmicro	0.00001	0.00019	0.00021
USDCNHmicro	0.0001	0.0034	0.0036
USDDKKmicro	0.00001	0.00332	0.0036
USDHKDmicro	0.0001	0.0026	0.0028
USDHUFmicro	0.001	0.28	0.51
USDJPYmicro	0.001	0.015	0.016
USDMXNmicro	0.00001	0.0178	0.0239
USDNOKmicro	0.00001	0.0107	0.0128
USDPLNmicro	0.00001	0.004	0.0052
USDRUBmicro	0.0001	0.4155	0.437
USDSEKmicro	0.00001	0.0052	0.0082
USDSGDmicro	0.00001	0.00193	0.0021
USDTRYmicro	0.00001	0.019	0.022
USDZARmicro	0.0001	0.0112	0.0158

Ultra Low Standard Account, Ultra Low Micro Account

Symbol	Min Price Fluctuation	Min Spreads	Average Spreads
AUDCAD#	0.00001	0.00011	0.00014
AUDCHF#	0.00001	0.00013	0.00016
AUDJPY#	0.001	0.018	0.019
AUDNZD#	0.00001	0.00022	0.00025
AUDUSD#	0.00001	0.00009	0.0001
CADCHF#	0.00001	0.00019	0.00022
CADJPY#	0.001	0.016	0.019
CHFJPY#	0.001	0.016	0.019
CHFSGD#	0.00001	0.00217	0.00245
EURAUD#	0.00001	0.00019	0.0002
EURCAD#	0.00001	0.00015	0.00021
EURCHF#	0.00001	0.00013	0.0002
EURDKK#	0.00001	0.0018	0.00255
EURGBP#	0.00001	0.00007	0.00011
EURHKD#	0.00001	0.0026	0.003
EURHUF#	0.001	0.251	0.51
EURJPY#	0.001	0.01	0.012
EURNOK#	0.00001	0.00925	0.01255
EURNZD#	0.00001	0.00032	0.00039
EURPLN#	0.00001	0.00386	0.0053
EURRUB#	0.0001	0.3264	0.369
EURSEK#	0.00001	0.0051	0.0084
EURSGD#	0.00001	0.00119	0.0012
EURTRY#	0.00001	0.0145	0.0175
EURUSD#	0.00001	0.00006	0.00008
EURZAR#	0.00001	0.01105	0.0212
GBPAUD#	0.00001	0.00022	0.00027
GBPCAD#	0.00001	0.00024	0.00033
GBPCHF#	0.00001	0.00018	0.00028
GBPDKK#	0.00001	0.0091	0.01
GBPJPY#	0.001	0.018	0.024
GBPNOK#	0.00001	0.0144	0.0182
GBPNZD#	0.00001	0.00036	0.0005
GBPSEK#	0.00001	0.0061	0.0113
GBPSGD#	0.00001	0.00211	0.0024
GBPUSD#	0.00001	0.00007	0.0001
NZDCAD#	0.00001	0.00021	0.00027
NZDCHF#	0.00001	0.00029	0.00033
NZDJPY#	0.001	0.023	0.025
NZDSGD#	0.00001	0.00181	0.0022
NZDUSD#	0.00001	0.00014	0.00015
SGDJPY#	0.001	0.145	0.149
USDCAD#	0.00001	0.00011	0.00012
USDCHF#	0.00001	0.00009	0.00011
USDCNH#	0.0001	0.0023	0.0024
USDDKK#	0.00001	0.00215	0.0026
USDHKD#	0.0001	0.0015	0.0016
USDHUF#	0.001	0.212	0.45
USDJPY#	0.001	0.006	0.008
USDMXN#	0.00001	0.01545	0.0202
USDNOK#	0.00001	0.00915	0.0113
USDPLN#	0.00001	0.00258	0.00349
USDRUB#	0.0001	0.326	0.349
USDSEK#	0.00001	0.004	0.007
USDSGD#	0.00001	0.00144	0.0016
USDTRY#	0.00001	0.0185	0.0215
USDZAR#	0.0001	0.0075	0.0118

Spreads of Metal

A list of Metal spreads.

It depends on the account type.

Standard Account, Swap Free Standard Account

Symbol	Min Price Fluctuation	Min Spreads	Average Spreads
GOLD	0.01	0.3	0.35
SILVER	0.001	0.03	0.035

Micro Account, Swap Free Micro Account

Symbol	Min Price Fluctuation	Min Spreads	Average Spreads
GOLDmicro	0.01	0.3	0.35
SILVERmicro	0.001	0.03	0.035

Ultra Low Standard Account, Ultra Low Micro Account

Symbol	Min Price Fluctuation	Min Spreads	Average Spreads
SILVER#	0.001	0.022	0.025
GOLD#	0.01	0.2	0.25

Spread of Energy

A list of Energy spreads.

All account type has same spreads.

Symbol	Description	Min Price Fluctuation	Value of Min Price Fluctuation	Min Spreads
BRENT	Brent Crude Oil	0.01	USD 1	0.05
GSOIL	London Gas Oil	0.01	USD 0.04	1.5
NGAS	Natural Gas	0.001	USD 1	0.035
OIL	WTI Oil	0.01	USD 1	0.04
OILMn	WTI Oil Mini	0.01	USD 0.1	0.04

Spreads of Commodity

A list of Commodity spreads.

All account type has same spreads.

Symbol	Description	Min Price Fluctuation	Value of Min Price Fluctuation	Min Spreads
COCOA	US Cocoa	1	USD 1	15
COFFE	US Coffee	0.0001	USD 1	0.008
CORN	US Corn	0.0001	USD 0.04	0.0275
COTTO	US Cotton No. 2	0.0001	USD 1	0.0047
HGCOP	High Grade Copper	0.0001	USD 0.2	0.0077
SBEAN	US Soybeans	0.0001	USD 0.04	0.0185
SUGAR	US Sugar No. 11	0.0001	USD 1	0.0009
WHEAT	US Wheat	0.0001	USD 0.04	0.025

Spreads of Index

A list of Index spreads.

Cash Index and Future Index has each spreads.

Cash Index

Symbol	Min Price Fluctuation	Min Spreads
AUS200Cash	0.01	3
EU50Cash	0.01	2.6
FRA40Cash	0.01	1.8
GER30Cash	0.01	2
HK50Cash	1	14
IT40Cash	1	13
JP225Cash	1	12
NETH25Cash	0.01	0.6
SPAIN35Cash	1	6
SWI20Cash	0.01	5
UK100Cash	0.01	1.5
US100Cash	0.01	2
US30Cash	0.01	2.8
US500Cash	0.01	0.7

Future Index

Symbol	Min Price Fluctuation	Min Spreads
EU50	0.01	3
FRA40	0.01	3
GER30	0.01	4
JP225	1	24
SWI20	0.01	4
UK100	0.01	6
US100	0.01	5
US30	0.01	6
US500	0.01	1.2
USDX	0.001	0.05

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.