Should You Go For an XM Standard Account?

Should You Go For an XM Standard Account?

XM is one of the best Forex brokerage companies that offer competitive services to its clients. Traders are able to choose from 4 different account types, however, in this article, we'll be looking at the XM Standard account, its benefits and disadvantages, and whether it's the right choice for you. Generally, an XM Standard account is a good choice for those who have some trading experience and want to learn more.

"We [at XM] broke the 10 million. It's been a big year, or a big year and a half, we've raised the headcount also from 620 to 960. A big strong move and we're in excess of 1.2 trillion turnover a month" - Peter Mcguire


Trading Features of the XM Standard Account

Trading involves a lot of different details that one has to keep in mind. That’s why it is crucial to have a basic understanding of trading features, otherwise, you won’t be able to choose the most beneficial account type for yourself. 

With that being said, let’s take a look at some of the most important trading aspects of the XM Standard account that you will need to consider. 


The leverage ratio is something that you should always check out. Why? Because if you decide to use borrowed funds from the broker, you will definitely have to understand exactly what you are getting and what is expected of you when it comes to repaying these funds. Basically, leverage is the money that the broker lends you so you can trade with more capital than you originally have. 

For an XM Standard account, it goes up to 1:888. This is quite good for professional traders, but for beginners, it might not be really attractive because there is a high risk of huge losses. 



Spreads are as low as 1 pip on the XM Standard account. As for all of the other XM account types, you will not have to pay any commissions, which makes a standard account much more attractive for traders. 

Currency Pairs

The XM Standard account offers a variety of currency options. This includes USD, EUR, GBP, JPY, CHF, ‎AUD, HUF, PLN, RUB, SGD, and ZAR. Not all of them are the most common and popular currencies to use, but having extra options never hurts, especially for professional traders. In fact, this can be considered an advantage because not all brokerage firms offer a huge variety of exotic pairs. 

Low Trading Costs

When talking about trading costs, you should look at two key elements, namely commission and spreads. Spreads are the difference between the ask and bid prices. 

As we already mentioned, XM Standard account spreads start from 1.0 pip on all main currency pairs, which is significantly lower than other reputable and large brokers. 

Additionally, when choosing an XM Standard account, there are no additional fees, so the price of trading remains reasonable. 

Pros & Cons of the XM Standard Account

Like everything else in the world, the XM Standard account also has its own advantages and disadvantages. The most important thing is that the pros outweigh the cons, and there is nothing bad going on here. 


For any type of account, the XM site provides negative balance protection. It means that your account can never go into a negative. Even if the market circumstances will change quickly against your trades, you will never become indebted to the broker by losing more than what you have on your account. 

Another benefit for traders is that the transaction volume for XM Standard account lot size can be as low as 0.01. 

It is also important to mention that the XM Standard accountminimum deposit requirement is just 5$, which is not a lot for sure, especially in the beginning. 


One of the disadvantages of having an XM live account is the inactivity fee. If traders are inactive for 90 days, they will be charged a one-time fee of $15, followed by a monthly fee of $5 thereafter.

Unfortunately, the company is unable to provide complete protection to non-EU customers, which might be a significant disadvantage for some. 

FAQs on the XM Standard Account

What Is The Minimum Deposit For XM Standard Account?

For an XM Standard account, the minimum depositis just 5$. This is a relatively good price for beginners when we compare this amount to other reputable Forex brokers’ minimums. This can be great for beginners or those looking to start trading without risking a lot of money.

Is the XM Standard Account Good For Beginners?

Yes. Considering that XM provides customers with some of the best educational resources (educational videos, Forex webinars, and platform tutorials) and the fact that the XM Standard account has a minimum deposit of just 5$, this account can be good for beginners. However, you can also check out some of their other account types such as the XM Micro account, as it is also geared toward beginners. 

Which Trading Platforms Can I Use With XM Standard Account?

All of the XM accounts including the XM Standard come with either MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Once you sign up, you are able to get unlimited access to both of these trading platforms and see which one you prefer.