No undisclosed fees. The standard charges are spread, swap on overnight positions, an inactivity fee of $5 after 90 days of no activity, and a $10 dormancy fee on accounts inactive for over a year. All are listed in the legal documentation.
Direct answer
XM publishes its fee structure openly. There are no hidden fees in the conventional sense — everything you can be charged is in the trading conditions, the deposit/withdrawal terms, and the inactivity policy. The only “surprise” charges are the inactivity and dormancy fees that some users miss because they stop trading without closing the account.
Full fee inventory
| Fee | When it applies | Amount |
|---|---|---|
| Spread | Every trade | Variable, listed per instrument |
| Swap (overnight) | Position held past server rollover | Variable per instrument; 3x on Wednesdays for FX |
| Commission | Shares account only | Per trade, by exchange |
| Inactivity | No trading activity for 90 days | $5/month |
| Dormancy | No activity over 1 year | $10 one-off |
| Withdrawal | Most methods: none. Some bank wires | Pass-through bank fee, itemised |
How to avoid surprise charges
- If you plan to stop trading temporarily, withdraw to zero balance to avoid inactivity charges.
- Check the swap rate before holding a position over a Wednesday rollover.
- Read the offer card before opting into any bonus — bonus rules are not fees but they can affect what you can withdraw.
Check the current XM bonus in your country
Country-specific deposit bonus ? Members Area verification required ? Bonus credit is not cash
FAQ
Are there hidden fees at XM?
No undisclosed fees. The standard charges are spread, swap on overnight positions, an inactivity fee of $5 after 90 days of no activity, and a $10 dormancy fee on accounts inactive for over a year. All are listed in the legal documentation.
Does XM charge for opening or closing an account?
No. Opening, maintenance and closing of an account are free.
Can spreads “hide” markup?
XM, like most retail brokers, applies a markup over its raw liquidity feed; that markup is the spread. It is disclosed via the live tradable spread.
Related XM guides
- Does XM charge a commission?
- XM Spreads Compared
- How does XM calculate swap?
- Do XM spreads widen overnight?
- Does XM charge a withdrawal fee?