XM Account Types Explained (2026): Micro, Standard, Ultra Low, and Shares

XM Group offers four main account types - Micro, Standard, XM Ultra Low (two variants), and Shares. Each has different spreads, lot sizes, and how to choose a broker requirements. Choosing the right account affects your trading costs significantly. This guide explains each type clearly so you can open the right account from the start.

XM Micro Account

Minimum deposit: $5
Lot size: Micro lots (1,000 units) - 1 pip on EUR/USD = $0.10
Spreads: From 1.0 pip (floating)
Commission: None
Max leverage risk simulator: 1:1000 (retail) / 1:1000 (professional)
Islamic version: Available

The Micro account is XM's entry-level option and the best choice for beginners. The $5 minimum deposit and micro lot sizing mean you can place real trades while risking very small amounts - useful for learning without large losses. Micro lot trading means a 50 pip stop-loss on EUR/USD risks only $5, not $50.

The tradeoff is wider spreads than XM Ultra Low accounts and the absence of commission-based raw pricing. Micro accounts are not ideal for active scalpers who need the tightest possible spreads.

XM Standard Account

Minimum deposit: $5
Lot size: Standard lots (100,000 units) - 1 pip on EUR/USD = $10
Spreads: From 1.0 pip (floating)
Commission: None
Max leverage: 1:1000
Islamic version: Available

The Standard account uses the same pricing as Micro but standard lot sizing. At standard lots, a single pip movement on a 1-lot EUR/USD position is worth $10 - significantly more exposure per trade than Micro. This account suits traders who understand position sizing and want to trade full lots without paying commissions.

Spreads on Micro and Standard accounts are identical - the only difference is lot size. Both carry the inactivity fee: $5/month after 90 days with no trading, deposits or withdrawals. See our XM inactivity fee guide for details.

XM Ultra Low Account

Minimum deposit: $50
Two sub-types: Ultra Low Standard and Ultra Low Micro
Spreads: From 0.6 pip (floating) - tighter than Micro/Standard
Commission: None
Max leverage: 1:1000
Islamic version: Available

XM Ultra Low is the better option for intermediate and active traders. Spreads start at 0.6 pip on EUR/USD compared to 1.0 pip on Micro/Standard - a meaningful difference for frequent traders. The Ultra Low Standard uses standard lot sizes; Ultra Low Micro uses micro lot sizes, combining tighter spreads with smaller position exposure.

The $50 minimum deposit is higher than Micro/Standard but still accessible. If you plan to trade regularly, the tighter spreads on Ultra Low typically save more in trading costs than the slightly higher entry requirement costs.

XM Shares Account

Minimum deposit: $10,000
Instruments: 1,200+ real shares (not CFDs)
Commission: Yes - varies by exchange
Islamic version: Not applicable (no overnight positions in share trading)

The Shares account is fundamentally different from XM's forex accounts - it gives you actual ownership of shares rather than CFDs. This is relevant for traders who want to own Apple, Saudi Aramco, or European equities directly. The $10,000 minimum makes it unsuitable for most retail traders, and it is not commonly used by GCC forex traders. For stock CFD trading with lower capital, the Standard or Ultra Low account covers indices and some stock CFDs.

XM Islamic forex brokers Account

XM offers swap-free Islamic versions of the Micro, Standard, and Ultra Low accounts. Instead of overnight swap charges, XM applies a flat administration fee on positions held beyond a certain number of days (typically beyond 3 days of holding). This structure complies with the principle of avoiding riba while maintaining XM's revenue model.

To open an Islamic account, select "Islamic account" during registration or contact XM support after account opening. Proof of religion is not required - any XM client can request Islamic conditions.

Which XM Account Type Should You Choose?

Beginners: XM Micro. The $5 deposit and micro lot sizing let you learn with real money but minimal risk.

Intermediate traders: XM Ultra Low Micro. Tighter spreads with micro lot flexibility - the best combination for regular trading.

Active / scalping traders: XM Ultra Low Standard. Tightest spreads XM offers. If spreads are your primary concern, compare with IC Markets (0.02 pip raw) or Pepperstone (0.09 pip raw) which offer lower raw spreads with commission.

See the full XM review for the complete assessment of trading conditions, regulation, and GCC suitability.

What is the minimum deposit for an XM account?

$5 for Micro and Standard accounts. $50 for XM Ultra Low. $10,000 for the Shares account.

What is XM Ultra Low account?

XM Ultra Low is an account type with tighter spreads than Micro/Standard - from 0.6 pip on EUR/USD vs 1.0 pip. It comes in two lot sizes: Ultra Low Standard (full lots) and Ultra Low Micro (micro lots). Minimum deposit $50, no commission.

Does XM have a demo account?

Yes. XM offers unlimited demo accounts with no expiry. Demo accounts use virtual money and mirror live market conditions. You can switch to a real account at any time from the Members Area.

Can I have multiple XM account types at the same time?

Yes. XM allows multiple trading accounts under one Members Area login. You can hold a Micro, Standard, and Ultra Low account simultaneously and transfer funds between them through the Members Area.