What is XM's EUR/USD spread?

XM EUR/USD spread varies by account type: Standard account averages 1.6–1.7 pips (commission-free). Ultra Low account averages 0.82 pip (from 90-day live account testing, commission-free). Zero account averages 0.0–0.2 pip (plus $3.50/lot/side commission, primarily EU entity). Spreads are floating and vary by trading session — tightest during London session (08:00–12:00 GMT) and London/NY overlap (13:00–17:00 GMT), widest during Asian session and daily rollover.

What is XM's gold (XAU/USD) spread?

XM gold (XAU/USD) spread on Ultra Low account averages approximately 0.38 pip (from 90-day live account testing) — equivalent to approximately $0.38 per ounce per lot. On Standard account, gold spread is typically 1.7–2.0 pip. Gold spreads widen significantly during the daily rollover at 23:55 GMT and around major US economic data releases.

Does XM charge commission on spreads?

XM Micro, Standard, and Ultra Low accounts have no commission — the spread is the only trading cost. XM Zero account charges $3.50 per lot per side ($7 round turn) in addition to a raw 0.0 pip spread. The Shares account charges a per-trade commission based on the exchange and number of shares.

What is the total trading cost on XM per lot?

Total round-trip cost per standard lot of EUR/USD: Standard account ~$16.70 (1.67 pip × $10). Ultra Low account ~$8.20 (0.82 pip × $10). Zero account ~$7.00 (0.0 pip spread + $3.50×2 commission). Zero is cheapest per lot for active traders, but Zero availability is primarily restricted to EU/CySEC entity clients. For non-EU traders, Ultra Low offers the best total cost.

When are XM spreads tightest?

XM spreads are tightest during the London session open (08:00–12:00 GMT) and the London/New York overlap (13:00–17:00 GMT). These windows have the highest liquidity and tightest spreads on major pairs like EUR/USD, GBP/USD, and XAU/USD. Spreads widen significantly during the Asian session (00:00–08:00 GMT) and spike during the daily rollover at 23:55–00:05 GMT — avoid opening positions during this 10-minute window.

XM Broker Spreads 2026 — Live-Tested EUR/USD, Gold & All Majors Across Every Account Type

📊

exem-register.com Editorial Team Live account test data · 90-day period · Updated May 2026 · 10 min read

01 — Live Test DataOur 90-Day Live Account Spread Results — Real Numbers, Not Marketing

XM's published "from" spreads are minimum values that appear briefly during peak liquidity. The averages below are from continuous monitoring of an XM Ultra Low account over 90 days, covering all trading sessions.

📊 Live Account Test — XM Ultra Low, 90-Day Average (London + NY Sessions)

0.82

EUR/USD

pip average

0.38

XAU/USD (Gold)

pip average

412

Total trades

90-day period

8/8

Withdrawals

100% approved

02 — Spread by AccountXM Spread Table — All Major Instruments Across All Account Types

Forex Majors — EUR/USD, GBP/USD, USD/JPY and More

Instrument	Standard (avg)	Ultra Low (avg)	Zero (raw)	Commission
EUR/USD	~1.67 pip	~0.82 pip live	~0.0–0.2 pip	$0 / $0 / $7 RT
GBP/USD	~1.8–2.0 pip	~1.0–1.3 pip	~0.3–0.6 pip	$0 / $0 / $7 RT
USD/JPY	~1.3–1.5 pip	~0.7–1.0 pip	~0.2–0.4 pip	$0 / $0 / $7 RT
EUR/JPY	~2.0–2.5 pip	~1.3–1.8 pip	~0.5–1.0 pip	$0 / $0 / $7 RT
USD/CHF	~1.5–2.0 pip	~0.9–1.2 pip	~0.3–0.6 pip	$0 / $0 / $7 RT
AUD/USD	~1.5–2.0 pip	~0.8–1.2 pip	~0.3–0.6 pip	$0 / $0 / $7 RT
USD/CAD	~2.0–2.5 pip	~1.2–1.7 pip	~0.4–0.8 pip	$0 / $0 / $7 RT
NZD/USD	~2.0–2.5 pip	~1.2–1.7 pip	~0.4–0.8 pip	$0 / $0 / $7 RT

Precious Metals — Gold, Silver

Instrument	Standard (avg)	Ultra Low (avg)	Pip value (1 lot)
XAU/USD (Gold)	~1.7–2.5 pip	~0.38 pip live	$1.00/pip
XAG/USD (Silver)	~2.0–3.0 pip	~1.5–2.0 pip	$0.50/pip

Major US Indices — US30, NAS100, SP500

Index	Standard spread (pts)	Ultra Low spread (pts)	Notes
US30 (Dow Jones)	~4–6 pts	~3–4 pts	Spreads widen outside US hours
NAS100 (Nasdaq)	~2–3 pts	~1.5–2 pts	Tight during US market hours
SP500 (S&P)	~0.5–1 pt	~0.3–0.6 pt	Tightest major index
GER40 (DAX)	~2–4 pts	~1.5–2.5 pts	Tight during Frankfurt hours
UK100 (FTSE)	~1–2 pts	~0.8–1.5 pts	Tight during London hours

Cryptocurrency CFDs

Instrument	Standard spread	Ultra Low spread	Trading hours
BTC/USD (Bitcoin)	~50–150 USD	~30–80 USD	24/7 (maintenance Sat 10:05–10:35)
ETH/USD (Ethereum)	~5–20 USD	~3–12 USD	24/7
LTC/USD	~1–5 USD	~0.8–3 USD	24/7
XRP/USD	~0.02–0.05 USD	~0.01–0.03 USD	24/7

All spread data based on live account monitoring and publicly available sources as of May 2026. Spreads are floating — they vary by session, liquidity, and market conditions. "avg" = approximate average during normal London/NY session hours. Live-tagged data = our own 90-day live account test results.

03 — Total Cost Per LotReal Cost Per Trade — EUR/USD Round-Trip at Different Lot Sizes

The total cost includes both spread and commission. Here is what you actually pay per round-trip trade on EUR/USD at each lot size across all account types.

Standard — 1 lot (1.67 pip avg)~$16.70

Ultra Low — 1 lot (0.82 pip avg, live-tested) ★~$8.20

Zero — 1 lot (0.0 pip + $7 commission)~$7.00

Lot Size	Standard total cost	Ultra Low total cost	Zero total cost	Cheapest
0.01 lot (micro)	~$0.17	~$0.08	$0.07	Zero
0.1 lot	~$1.67	~$0.82	$0.70	Zero
0.5 lot	~$8.35	~$4.10	$3.50	Zero
1.0 lot	~$16.70	~$8.20	$7.00	Zero saves $1.20 vs UL
5.0 lots	~$83.50	~$41.00	$35.00	Zero saves $6.00 vs UL
10 lots	~$167	~$82	$70	Zero saves $12 vs UL

Standard based on 1.67 pip avg. Ultra Low based on 0.82 pip avg (live-tested). Zero based on 0.0 pip + $3.50/lot/side. *Zero availability primarily restricted to EU/CySEC entity clients. Non-EU traders: Ultra Low is recommended.

04 — Session SpreadsEUR/USD Spread by Trading Session — When to Trade for Tightest Spreads

XM spreads are floating — they change with market liquidity throughout the day. Trading during high-liquidity sessions significantly reduces your cost per trade.

London Open
08:00–12:00 GMT

~0.6–0.9 pip · TIGHTEST

London–NY
13:00–17:00 GMT

~0.7–1.0 pip

NY Only
17:00–22:00 GMT

~0.8–1.1 pip

Asian
00:00–08:00 GMT

~1.2–1.8 pip

WIDER

Rollover
23:55–00:05 GMT

⚠️ 5–15 pip SPIKE — DO NOT TRADE

Session spread ranges for EUR/USD Ultra Low account. Approximate — actual spreads vary by market conditions.

Daily rollover spike at 23:55–00:05 GMT: Spreads spike 5–15× normal during the 10-minute daily rollover window. This is the 5:00 PM New York close / swap calculation time. Avoid opening or closing positions during this window on any account type. It affects all instruments, not just forex.

05 — Gold SpreadsXM Gold (XAU/USD) Spread — Why Ultra Low Stands Out

Gold is one of XM's most-traded instruments. The spread difference between Standard and Ultra Low is particularly dramatic for gold — one of the biggest advantages of upgrading to Ultra Low.

Session (GMT)	Standard XAU/USD spread	Ultra Low XAU/USD spread	Saving per lot
London Open (08:00–12:00)	~1.5–2.0 pip	~0.25–0.45 pip	~$1.00–$1.55/lot
London–NY Overlap (13:00–17:00)	~1.7–2.5 pip	~0.30–0.50 pip	~$1.20–$2.00/lot
Asian Session (00:00–08:00)	~2.5–4.0 pip	~0.80–1.50 pip	~$1.70–$2.50/lot
Rollover (23:55–00:05)	5.0–20.0+ pip	3.0–15.0+ pip	❌ Avoid entirely

Gold trading on Ultra Low saves 75–85% on spread costs vs Standard. A gold scalper making 10 trades/day at 0.1 lot: Standard costs ~$2/day in spread, Ultra Low costs ~$0.38/day. Over a month (~22 trading days): Standard $44 vs Ultra Low $8.36 in spread. The $50 Ultra Low minimum deposit pays back in under 3 days of active gold trading. See our full XM gold trading guide.

06 — Broker ComparisonXM Spreads vs Competitors — How XM Ranks

Broker	EUR/USD Standard	EUR/USD Low-Cost Account	Commission (low-cost)
XM Standard	~1.67 pip	Ultra Low ~0.82 pip	None
Exness Standard	~0.3–1.0 pip	Raw ~0.0 pip	$7/lot (Raw)
IC Markets Raw	~1.0 pip (Std)	~0.1 pip (Raw)	$7/lot
Pepperstone Razor	~1.0 pip (Std)	~0.1 pip (Razor)	$7/lot
FP Markets Raw	~1.2 pip (Std)	~0.1 pip (Raw)	$6/lot

💡 Where XM sits in the competitive landscape

XM's Standard account spreads (~1.67 pip EUR/USD) are wider than competitors like Exness Standard (~0.3–1.0 pip). However, XM Ultra Low (~0.82 pip, no commission) is competitive with standard commission-free offerings from most brokers. XM Zero account (0.0 pip + $3.50/lot commission) is directly competitive with IC Markets and Pepperstone's raw accounts — though availability is restricted to EU entity clients. For non-EU traders comparing only commission-free accounts, XM Ultra Low's 0.82 pip average is a solid mid-market offering.

07 — FAQFrequently Asked Questions — XM Spreads

Standard account: ~1.67 pip average (commission-free). Ultra Low account: ~0.82 pip average from our 90-day live test (commission-free). Zero account: ~0.0–0.2 pip (+ $3.50/lot/side commission, EU entity). Spreads are floating and vary by session — tightest during London open and London/NY overlap.

XAU/USD Ultra Low: ~0.38 pip average (90-day live test). Standard: ~1.7–2.5 pip. Gold spread on Ultra Low is dramatically tighter than Standard — one of the strongest reasons to use Ultra Low for gold trading. Avoid trading gold during daily rollover (23:55–00:05 GMT) when spreads spike to 3–20 pip.

Only on the Zero account ($3.50/lot/side). Micro, Standard, and Ultra Low accounts have no commission — the spread is the only cost. Zero account: 0.0 pip spread + $3.50/lot/side = $7 round turn total.

Tightest during London session open (08:00–12:00 GMT) and London/NY overlap (13:00–17:00 GMT). Widest during Asian session (00:00–08:00 GMT). Spike to 5–15× normal during daily rollover at 23:55–00:05 GMT — never trade during this window. In local time: for Indonesian traders (WIB/UTC+7), best window is 15:00–00:00 WIB.

All XM spreads are floating — they change with market liquidity and conditions. The "from" values advertised are minimums that occur briefly during peak liquidity. Our live-tested averages (0.82 pip EUR/USD, 0.38 pip Gold on Ultra Low) reflect real trading conditions across multiple sessions over 90 days, which is more representative than advertised minimums.

Yes, for any trader making 5+ trades per week. At 1 lot EUR/USD: Ultra Low costs ~$8.20 vs Standard ~$16.70 per round trip — saving $8.50 per lot. At 10 lots/week, that's $85/week or ~$1,870/month in savings. The extra $45 minimum deposit (Ultra Low $50 vs Standard $5) pays back after just 1 standard lot trade. See our full account types guide.

Trade with XM Ultra Low Spreads — From $50

0.82 pip EUR/USD average · 0.38 pip Gold average · No commission · Live-tested data

Open XM Ultra Low Account ↗

Disclaimer: Spread data from live account monitoring (90-day period) and third-party sources. All spreads are floating and will differ from live market conditions. Spread data for non-EUR/USD instruments are approximations from published sources and may vary. This page contains affiliate links.