XM Minimum Deposit: The Formal Minimum vs What You Actually Need
XM minimum deposit is from $5. Why that is too little for sane risk, how much you need for your stop and lot size, and how to calculate it in a minute.
The formal minimum
From $5. Account types: Micro, Standard, Ultra Low, Shares. The minimum is the threshold at which the broker opens an account, not the amount at which trading makes sense.
The real minimum for your risk
Risk 1% per trade, and that 1% must be at least the cost of 0.01 lot at your stop. On EURUSD with a 30-pip stop, 0.01 lot costs $3, so the deposit should be $300 or more. With a 50-pip stop, $500. On a cent account the threshold is a hundred times lower, which is why we point beginners there.
Calculate it for your instrument and stop in the position size calculator.
What else eats a small deposit
Spreads and commissions (Standard from 1.6 pips; Ultra Low from 0.6 no commission), swaps on held positions, and payment-provider fees. On a $10 deposit one trade can cost a percent of the account before price moves at all.
Where to start small
Cent accounts are available at Vantage and VT Markets from $50.
Frequently asked questions
What is the XM minimum deposit?
From $5 as of the check date; depends on account type and payment method.
How much should I really start with?
Enough that 1% risk per trade is at least the cost of the minimum 0.01 lot at your stop. For EURUSD with a 30-pip stop that is about $300 on a standard account, or any amount on a cent account.
- Min. deposit
- $100
- Spread
- from 1.2 pips
- Commission
- $3.5 per lot per side
72% of retail investor accounts lose money when trading CFDs
- Min. deposit
- $50
- Spread
- from 1.0 pip (Standard STP)
- Commission
- $3 per lot per side (Raw ECN)
CFDs are complex instruments with a high risk of losing money
- Min. deposit
- $100
- Spread
- from 1.1 pips (Standard STP)
- Commission
- $3 per lot per side (Raw ECN)
CFDs are complex instruments with a high risk of losing money