Is the popular XMTrading’s spreads on currency pairs wider than other companies’ accounts depending on the time of day? Is it really a company that can win with gold and foreign exchange? It is popular for its generous bonuses, 888x high leverage, and zero-cut system with no debt risk, which allows for low-risk, high-return trading, but what is the reality?
XMtrading
| Operating company | Tradexfin Limited Fintrade Limited |
| Head office location | Unit E, F28, Eden Plaza, Eden Island, Republic of Seychelles |
| Founding year | 2009 |
| Financial License | （FSA）SD010：Tradexfin Mauritius Financial Services Commission (FSC：)：Fintrade Limited Cyprus Securities and Exchange Commission (CySEC)：Trading Point of Financial Instruments Ltd |
| Language support | English、日本語、Malay、Thai |
| Platform | MetaTrader 4 (MT4)／MetaTrader 5 (MT5) |
| Service Countries | Over 190 countries |
| Number of users | Over 1 million accounts |
| Max Leverage | 1000x |
| Eligible products | Forex、Metal、Stocks、Equity Indices / Index CFD、Energy CFD、Commodities、Cryptocurrency |
Basic knowledge of XM spreads
We will explain XM’s spreads in detail. Understanding spreads is extremely important when trading FX. We have summarized the key points below. Spreads vary depending on the program type, such as demo, micro, or standard account. The spread width also varies depending on the currency, such as USD/JPY or EUR/USD. This information can have a significant impact on your profits. Take advantage of ongoing campaigns and bonuses to increase your profits.
What is a spread?
- The spread is the difference between the bid and ask prices of a currency pair. It applies to both scalping and hedging. Detailed examples are provided below.
- It is part of the trading cost, and the narrower the spread, the lower the cost. This applies both domestically and internationally.
example：
- USD/JPY Buy Price (Ask): ¥150.05
- USD/JPY Bid Price (Bid): ¥150.00
- In this case, the spread is ¥0.05 (5 sen).
XM Spread Characteristics
Differences by Account Type
XM offers two main account types:
Standard Account: Relatively wide spreads (no commissions)
Zero Account: Very narrow spreads (but transaction fees apply)
Floating spreads, not fixed
XM’s spreads fluctuate based on market conditions.
They tend to be narrower during times of high liquidity (London and New York markets).
They may widen during economic indicator releases or market volatility.
Spreads by Currency Pair
Major currency pairs (USD/JPY, EUR/USD, etc.) are narrower.
Minor and exotic currency pairs are wider.
Examples (standard for a standard account):
EUR/USD: Average of around 1.0 pips
USD/JPY: Average of around 1.2 pips
GBP/JPY: Average of around 2.0 pips
Tips for reducing spreads
Be mindful of trading times
Aim for times of high liquidity (e.g., between the London market open and the New York market open)
Choose an account type
If spreads are important, choose a Zero account
Be careful when economic indicators are released
Spreads may suddenly widen
How to check on XM
- Check the “Ask” and “Bid” prices for currency pairs on MT4/MT5.
- You can check the average spread information for each currency pair on the XM official website.
Why XM spreads are too wide
There are several reasons why XM’s spreads are wide. It’s not simply “wide because it’s XM,” but fluctuations due to market conditions and trading conditions are a major factor. Let’s explain.
Spreads are variable.
Most XM accounts (standard accounts) have variable spreads.
When market liquidity is low (few participants, low trading volume), spreads widen.
Conversely, when liquidity is high (such as in the London and New York markets), spreads narrow.
Time of Day
Late night to early morning Japan time, there are fewer participants, so spreads tend to widen.
Spreads also widen suddenly when economic indicators are released or important news is announced.
Examples: U.S. employment statistics, FOMC announcements, etc.
Types of Currency Pairs
Major currency pairs (such as USD/JPY and EUR/USD) have narrower spreads.
Minor and exotic currency pairs (such as TRY/JPY and ZAR/USD) have lower liquidity, resulting in wider spreads.
Differences in Account Types
Standard Account: Spreads include commissions and are somewhat wider.
Zero Account: Spreads are narrow, but a separate transaction fee (around $6 round-trip) is charged.
Temporary extreme widening of XM spreads
During system maintenance or server overload
When liquidity in major currency pairs suddenly decreases (e.g., over the weekend)
When sudden news events predict large currency fluctuations
💡 Summary
Wider spreads at XM are a natural phenomenon and should be considered a trading cost.
The impact of spreads can be minimized by trading during times of high liquidity or using a Zero account.
List of all XM stock spreads
We’ll explain the “list of spreads for all stocks (or major stocks)” at XM, along with “the contents of the available list and points to note” based on publicly available information. When starting out, use this as a reference for comparing execution levels. With a wide selection of stocks to choose from across the industry, it’s recommended for both amateurs and professionals. It’s compatible with both smartphone apps and PCs.
List of all currency pair spreads
Below are the minimum effective spreads for major currency pairs (Standard Account/Zero Account, etc.) based on official or third-party public information from XM. These are for reference only and do not apply to all 55 pairs. The service also covers the EUR/USD. Generally, the spreads are as follows for both. Specify the quantity for safety. It’s recommended to enter the trading market as quickly as possible.
Content symbols: eurusd, usdjpy, audusd, gbpjpy, usdtry, audjpy, eurjpy, nzdusd, nzdjpy, eurgbp, chfjpy, usdchf, usdzar, cadjpy, eurzar, audchf, cadchf, eurchf, eurdkk, eurhkd, eurnok, eurpln, eursek, eursgd, nzdchf, usdhkd, usdmxn, etc.
| Pair | Standard | Zero/KIWAMI |
|---|---|---|
| EURUSD | 1.7 pips | 0.9 pips |
| GBPUSD | 2.1 pips | 1.0 pips |
| USDJPY | 2.1 pips | 1.2 pips |
| AUDUSD | 2.2–2.3 pips | 1.5 pips |
| NZDUSD | 2.8 pips | 1.8 pips |
| USDCHF | 2.3 pips | 1.4 pips |
Additionally, there have been reports of significantly wider spreads on minor/exotic currency pairs.
Precious Metals Spread List
XM offers at least the following precious metals CFDs:
And futures contracts: Platinum (e.g., XPTUSD), Palladium (e.g., XPDUSD), etc.
GOLD
SILVER
XAUEUR (gold denominated in euros)
| 銘柄 | スタンダード | Micro | KIWAMI極 | Zero |
|---|---|---|---|---|
| GOLD（ゴールド） | 2.7–3.5 pips | — | 1.6 pips | 2.0 pips |
| SILVER（シルバー） | 3.0 pips | — | 2.0 pips | 2.0–2.6 pips |
| XAUEUR（ゴールド／ユーロ建て） | 3.5 pips | — | 2.5 pips | 3.0–3.2 pips |
| プラチナ（例：XPTUSD） | 39–57 pips | — | 30–40 pips | 29.5–39.5 pips |
| パラジウム（例：XPDUSD） | 57 pips | — | 40 pips | 39–40 pips |
Energy Spread List
Below is a list of published spreads (or past reported values) for the energy stocks listed above. Some sources suggest that there is no significant difference depending on the account type (Standard/Zero/KIWAMI). You can hold Brent, GSOIL, NGAs, etc., so this is a good opportunity.
| Symbol | Spread |
|---|---|
| OIL（WTI原油） | 0.03 USD |
| OILMn（WTI原油ミニ） | 0.03 USD |
| BRENT（ブレント原油） | 0.03 USD |
| GSOIL（ロンドン軽油） | 1.20〜1.35 USD |
| NGAS（天然ガス） | 3.3 pips |
Share CFD Spreads
For stock indexes (i.e. indexes of the entire market or multiple stocks), some tables of “minimum spreads” and “average spreads” are published on XM and third-party sites. For example:
| Symbol | Spread |
|---|---|
| JP225Cash（日経225） | 0.6 pips |
| US500Cash（S&P 500） | 4.5 pips |
| US30Cash（Dow Jones） | 32.5 pips |
| その他（EU50Cash, GER40Cash, UK100Cash など） | ? |
Stock index spreads list
Below is a list of spreads for major stock indices offered by XM as “cash” or “futures.” They include USDX, AUS, US3, US5, etc. This means there are many stocks and you can hold many positions.
| Symbol | Region | Spread |
|---|---|---|
| AUS200Cash | オーストラリア ASX 200 | 1.90 pips |
| CA60Cash | カナダ Canada 60 | 0.85 pips |
| ChinaHCash | 中国・香港 H‑株指数 | 3.90 pips |
| EU50Cash | ヨーロッパ EURO STOXX 50 | 1.60 pips |
| FRA40Cash | フランス CAC 40 | 1.70 pips |
| GER40Cash | ドイツ DAX 40 | 1.80 pips |
| HK50Cash | 香港 ハンセン指数 | 8.00 pips |
| IT40Cash | イタリア FTSE MIB | 10.00 pips |
| JP225Cash | 日本 日経225 (Nikkei 225) | 7.00 pips |
| NETH25Cash | オランダ AEX 25 | 0.30 pips |
| SPAIN35Cash | スペイン IBEX 35 | 6.00 pips |
| SWI20Cash | スイス SMI 20 | 3.75 pips |
| UK100Cash | イギリス FTSE 100 | 1.40 pips |
| US100Cash | 米国 ナスダック 100 | 1.80 pips |
| US2000Cash | 米国 Russell 2000 (小型株指数) | 0.60 pips |
| US30Cash | 米国 ダウ平均株価 (Dow Jones) | 4.00 pips |
| US500Cash | 米国 S&P 500 | 0.60 pips |
Commodity CFD Spreads List
Below are the approximate values for “Commodity CFD Spreads” found in public information or third-party sites. Please check the platform when actually trading, as the units vary depending on the product, including “settlement currency base” and “point/price range base.”
| Symbol | Spread |
|---|---|
| CORN（コーン） | 0.01 |
| WHEAT（小麦） | 0.0165 |
| HGCOP（銅） | 0.006 |
| SBEAN（大豆） | 0.0185 |
| COFFE（コーヒー） | 0.0055 |
| SUGAR（砂糖） | 0.0006 |
| COTTO（コットン） | 0.003 |
| COCOA（ココア） | — |
List of cryptocurrency spreads
The table below shows previously reported or publicly available “minimum spreads/estimated spreads” for several major cryptocurrencies. Prices vary depending on the brand and account type. Bitcoin and Ethereum are the most common.
Other major brands: aaveusd, adausd, algousd, avaxusd, axsusd, batusd, bchusd, btceur, btcgbp, enjusd, etheur, ethgbp, ethusd, fetusd, grtusd, linkusd, maticusd, snxusd, storjusd, sushiusd, umausd, uniusd, xlmusd, xrpusd, zrxusd
| Symbol | Spread |
|---|---|
| BTCUSD | 60 USD |
| BTCEUR | 165 EUR |
| ETHUSD | 7.35 USD |
| ADAUSD | 0.0055 USD |
| ALGOUSD | 0.008 USD |
| APEUSD | 0.074 USD |
| AVAXUSD | 0.24 USD |
| BCHUSD | 3.3 USD |
| DOTUSD | 0.043 USD |
How to check XM spreads
We will explain how to check spreads at XM (XMTrading) in an easy-to-understand manner, even for beginners. Spreads are important information that directly affects trading costs, so make it a habit to always check them before trading.
Check on the trading platform
(1) When using MT4/MT5
Open the Chart Screen
Open a chart for any symbol (currency pair, stock index, commodity, cryptocurrency, etc.).
Check the Market Watch
The “Market Watch” screen in MT4/MT5 displays the bid (selling price) and ask (buying price) for each symbol.
The spread is automatically calculated as: Ask – Bid.
Customizing the Spread Display
In MT5, you can directly view the real-time spread by going to “Market Watch” → right-clicking the currency pair → “Show Spread.”
(2) Check the XM website and official information
- The XM official website publishes estimated spreads for each major instrument.
- Example:
- FX currency pair spreads
- Stock index and commodity spreads
- These are listed as “minimum spreads” and “estimated spreads,” and may differ from actual spread fluctuations during trading.
(3) Check XM’s trading conditions (PDF)
- The official XM website publishes spread information for each account type in a PDF file.
- This is convenient because it allows you to check the average spread and minimum spread guidelines for each account type in one list.
How to check spreads in real time
- The most accurate way to view spreads is to check them in real time on XM’s MT4/MT5.
- By turning on “Spread Display,” you can see constantly changing spreads in numerical form.
- Always checking spreads just before trading will help you manage costs by avoiding times when spreads are wide.
XM spread widening times
We will explain in an easy-to-understand way the time periods when XM (XMTrading) spreads widen. Spreads are variable, so they vary greatly depending on the time of day and market conditions.
(1) Immediately after the market opens and closes
For FX Currency Pairs
Trading volume increases sharply immediately after the London market opens (around 5:00 PM Japan time) and the New York market opens (around 10:30 PM Japan time).
Spreads are narrow during times of ample liquidity, but immediately after market opens, spreads may temporarily widen due to order concentration and price fluctuations.
For Stock Indices and Stock CFDs
Spreads tend to widen around the opening and closing times of each country’s stock market.
Example: Nikkei 225 → immediately after the market opens at 9:00 AM Japan time, US stock indexes → immediately after the market opens at 10:30 PM Japan time.
(2) Low liquidity times (late night and early morning)
During times of low volume, the difference between buyers and sellers (bid-ask difference) widens, resulting in larger spreads.
In Japan time, an example would be after the New York market closes and before the Asian market opens (around 2:00am – 7:00am).
(3) When important economic indicators are announced or when news is released
- Immediately before or after economic indicators (such as U.S. employment statistics or Federal Reserve policy rate announcements)
- When news of political or geopolitical risk is released
- XM’s spreads tend to widen significantly during market volatility.
🔹Key Points
XM employs variable spreads, which can widen by several times to more than 10 times the normal spread during periods of low liquidity or market volatility.
How to narrow XM spreads
We will provide specific and practical information on how to narrow the spreads on XM (XMTrading). Since spreads are directly related to trading costs, it is important to keep them as narrow as possible.
Choose your account type
XM has two main types of accounts, which significantly affect the spreads.
| Account type | Features | Spread Trends |
|---|---|---|
| standard Account | No trading fees. Spreads are slightly wider. | Average 1.0-1.8 pips (currency pair example) |
| XM Zero Account | There is a transaction fee (about $5 per round trip) | Very narrow spreads (even for currency pairs of around 0-0.3 pips) |
💡Point: If you want a narrower spread, the Zero account is advantageous. However, since fees are charged separately, it is best to compare the total cost by “spread + fee”.
Trade during times of high liquidity
Spreads are variable and tend to widen during periods of low liquidity.
FX Currency Pairs
Tight spreads are available when trading during the overlapping hours of the London and New York markets (10:30 PM to 2:00 AM Japan time).
Stock Index CFDs
Tight spreads are available immediately after the local stock market opens.
Commodity CFDs
Try to trade during major market trading hours (e.g., 11:00 PM to 5:00 AM Japan time).
Cryptocurrency CFDs
Trading is available 24 hours a day, but spreads are tight during periods of high trading volume (9:00 PM to 2:00 AM Japan time).
Take advantage of the trading platform’s features
- Turn on “Market Watch → Spread Display” in MT4/MT5
- → Always check the spread in real time and avoid trading when it’s widening.
- Use limit orders
- → May reduce the risk of slippage compared to market orders.
Avoid news and economic announcements
- Spreads tend to widen significantly around important indicators like the U.S. employment report and the Federal Reserve’s policy interest rate announcement.
- The same is true for political and geopolitical news that can cause market volatility.
- It’s safest to avoid trading before and after announcements.
XM Spreads FAQ
We have compiled a list of frequently asked questions (FAQs) about XM (XMTrading) spreads. It covers useful information for beginners and advanced traders to understand spreads and trade.
What is a spread?
The spread is the difference between the buy price (ask) and sell price (bid).
Example: If the EUR/USD bid is 1.1000 and the ask price is 1.1002, the spread is 0.0002 (2 pips).
The spread is part of XM’s trading costs.
Are XM’s spreads fixed?
XM’s spreads are floating.
The spread may widen or narrow depending on the time of day, liquidity, news, economic indicator releases, etc.
The exception to this is the Zero account, which has a narrow, nearly fixed spread, but a separate fee is charged.
When do the spreads widen?
Low liquidity times: Late night, early morning, etc.
Immediately after market opening: Immediately after the stock or FX market opens
When important economic indicators or news are released: U.S. employment statistics, Federal Reserve policy interest rates, etc.
Is there a way to narrow spreads?
Switch to a Zero account type
Trade during times of high liquidity
Avoid trading before and after important indicator or news releases
Check real-time spreads using the MT4/MT5 spread display
Use limit orders
Where can I check XM’s spreads?
MT4/MT5 platform: Check real-time spreads using quotes and charts
XM official website: Publishes approximate spreads for currency pairs, stock indices, commodities, and cryptocurrencies
PDF document: Official documents summarizing spread information by account type and product
What should I do if the spread suddenly widens?
Refrain from trading or use limit orders
Wait until liquidity recovers
Pay attention to price fluctuations after news or indicator releases
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