XM Ultra Low has the lower cost per trade and no swap on gold, but no bonus.
All details checked on 3 October 2026
Ultra Low is the XM account for a lower cost per trade and no swap on gold and the major pairs. However, Ultra Low gets no deposit bonus, so the choice is between a lower cost on Ultra Low and extra margin on Standard.
If Ultra Low suits your trading, you pick Ultra Low Standard or Ultra Low Micro on the XM registration form.
Contents
- Is the XM Ultra Low Account Right for You?
- What Is the XM Ultra Low Standard Account?
- Which Instruments Have No Swap on Ultra Low?
- Why Is the Ultra Low Spread Wider Than 0.8 Pips?
- How Much Money Do You Need to Start on XM Ultra Low?
- How Do You Open or Add an XM Ultra Low Account?
- Questions People Ask About the XM Ultra Low Account
- Which XM Guide Do You Need Next?
Is the XM Ultra Low Account Right for You?
- Day trades
For trades that you close on the same day, Ultra Low has the lower trading cost, because the spread is lower on every trade. - Gold buys held for days
On Ultra Low, gold has no swap. So you pay no swap on a buy position on gold, even if you hold it for many days. - For the bonus
Ultra Low does not get XM’s deposit bonus. For more room before a stop-out from the bonus, the Standard account is the better choice, and the XM Standard account guide explains the bonus. - Already on Standard
For your day trades, add an Ultra Low Standard trading account. Ultra Low gets no bonus, so move only the money that you will trade there. The XM additional account guide shows the steps. - A few dollars
Ultra Low Micro trades from 100 units of currency, at the same lower cost per trade. Micro, on the other hand, gets the bonus.
The Forex FanClub rebate pays back part of the spread on each trade. The table below shows the cost of one trade after the rebate.
| Ultra Low account | Standard account | |
|---|---|---|
| EURUSD | 0.9 pips | 1.3 pips |
| Gold, per ounce | $0.22 | $0.37 |
The XM fees guide shows the cost of 1 lot in dollars on each account type, before and after the rebate.
We recommend Ultra Low for day trades, and for buy positions on gold that you hold for a few days as part of your normal trading.
However, trades closed within three minutes earn no rebate. So if most of your trades close within three minutes, compare the spreads of different brokers in our lowest spread comparison.
If more room before a stop-out from the bonus matters more to you, choose the Standard account instead.
What Is the XM Ultra Low Standard Account?
In the name “Ultra Low Standard”, the word “Standard” means a standard lot of 100,000 units of currency. The account is still an Ultra Low account, with the Ultra Low spread and no bonus.
- Ultra Low Standard
1 lot is 100,000 units of currency, and the smallest trade is 0.01 lot. For example, on EURUSD, 0.01 lot is 1,000 EUR. - Ultra Low Micro
1 lot is 1,000 units of currency, and the smallest trade is 0.1 lot, which is 100 units of currency. The symbol names end in m#, for example GOLDm#.
XM charges no commission on Ultra Low, so the spread is the whole cost of a trade. Scalping and hedging are both allowed, and you can trade on MT4 or MT5.
To compare every item with the other XM account types, use the comparison tool in the XM account types guide.
Which Instruments Have No Swap on Ultra Low?
On Ultra Low, gold, silver and the major and cross currency pairs have no swap. Every other instrument, such as exotic pairs, indices and shares, has the same swap as on Standard.
- Checking an instrument
In the XM app, open Symbol Information. An instrument with no swap has no Swaps row. On Ultra Low Standard, the symbol names end in #, for example GOLD#. - Islamic option
The Islamic option removes the swap on every instrument. This option is for religious reasons, and every account type can apply. The XM swap guide explains how to apply.
However, XM’s terms limit the no-swap benefit. XM can treat it as misuse if you hold a large share of your overnight positions on instruments with no swap, such as large buy positions on gold kept for weeks.
In that case, XM can remove the no-swap status, charge the swaps that you did not pay, and close the trading accounts. XM does not publish how large a share counts as improper use, so we recommend the following.
- Normal trading
For day trades and gold positions held for a few days, keep using Ultra Low. - Large positions for weeks
On a Standard trading account, you pay the normal swap, so this limit does not apply. The XM swap tool shows the swap per night. - Not sure
Before you open a large position, ask XM support about your own trading account.
Why Is the Ultra Low Spread Wider Than 0.8 Pips?
0.8 pips is the lowest spread on Ultra Low, not the usual spread. The spread changes through the day, so the 24-hour average is closer to what you pay.
The table below compares the lowest spread and the 24-hour average on the Ultra Low Standard account.
| EURUSD | Gold, per ounce | |
|---|---|---|
| Lowest spread | 0.8 pips | $0.24 |
| 24-hour average | 1.2 pips | $0.31 |
The XM spread tool shows the 24-hour average for every instrument on both account types.
Compare account types and brokers by the 24-hour average, not by the lowest spread.
On the 24-hour average, the Ultra Low Standard account is still 0.9 pips tighter than Standard on EURUSD.
How Much Money Do You Need to Start on XM Ultra Low?
5 USD, the minimum deposit, opens the smallest Ultra Low Standard trade on EURUSD.
The table below shows what the smallest Ultra Low Standard trade needs.
| EURUSD | Gold | |
|---|---|---|
| Smallest trade size | 1,000 EUR | 1 troy ounce |
| Margin needed at 1:1000 leverage | about $1.12 | about $3.95 |
| Gain or loss for each price move | 1 pip: about $0.10 | $1: $1 |
| Price move that 5 USD can cover | about 40 pips | about $1.05 |
The margin is the money that opening the trade sets aside. The rest of the deposit then covers losses when the price moves against you, and the last row shows how far the price can move before the 5 USD is used up.
On gold, however, 5 USD leaves almost no safety margin, because a gold price move of less than 1 USD uses up the deposit. Ultra Low also gets no bonus to add to this margin.
So deposit more, or start on Ultra Low Micro. On Ultra Low Micro, the same 5 USD covers a gold price move of about $46 on the smallest trade.
To check your own balance, use the lot size calculator. The calculator shows the largest trade your balance allows and how far the price can move before a stop-out.
How Do You Open or Add an XM Ultra Low Account?
- New to XM
On the registration form, pick Ultra Low Standard or Ultra Low Micro, and then deposit at least 5 USD. The XM registration guide shows each step. - Already with XM
From the Home screen, tap +, then Create Trading Account, and choose Ultra Low Standard or Ultra Low Micro. The XM additional account guide shows each step.
Not with XM yet? Open your first trading account with the button below, and you receive a rebate on every lot you trade.
Questions People Ask About the XM Ultra Low Account
- Is Ultra Low Standard or Standard better?
-
Ultra Low Standard costs less per trade. Standard, on the other hand, gets the deposit bonus and a swap income on gold sell positions. The XM account types guide compares both.
- Is the XM Ultra Low account swap-free?
-
Only on some instruments. Gold, silver and the major and cross currency pairs have no swap, and every other instrument has a swap.
For no swap on every instrument, apply for the Islamic option. The XM swap guide explains both.
- Does XM Ultra Low get a bonus?
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No. XM’s deposit bonus goes to Standard and Micro only. However, you still receive the Forex FanClub rebate on Ultra Low.
- What is the minimum deposit for XM Ultra Low?
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5 USD. However, some payment methods set a higher minimum, and the deposit screen shows the minimum for each payment method. The XM deposit guide explains each step.
- Does XM Ultra Low charge a commission?
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No. Instead, the cost of a trade is in the spread, which starts at 0.8 pips.
- Are scalping and hedging allowed on XM Ultra Low?
-
Yes, both. However, hedge within one trading account, because XM does not allow a buy in one of your trading accounts against a sell in another.
Trades closed within three minutes earn no rebate, so for scalping you pay the full spread.
- Is there an XM Ultra Low demo account?
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Yes, for Ultra Low Standard. XM’s demo accounts come in Standard and Ultra Low Standard, and you can add one in the Members Area.
- Can I switch my Standard account to Ultra Low?
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No. Add an Ultra Low Standard trading account instead. If you move half your balance there, half your bonus is removed, because Ultra Low gets no bonus.
- What is the maximum lot size on XM Ultra Low?
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On gold, one order can be up to 50 lots on Ultra Low Standard. Your balance also limits the size, and the lot size calculator shows the largest trade for your balance.
Which XM Guide Do You Need Next?
The account types guide compares all five types, and the rebate guide shows what you get back on Ultra Low.
Sources: where each fact on this page comes from
XM’s public pages
- XM account types page (opens in a new tab)
- Ultra Low: no bonus, a Micro option, no swap on selected instruments, no commission, and the lowest spreads. The Islamic option on every account type.
- XM Help Centre (opens in a new tab)
- Which instruments have no swap on Ultra Low, the minimum deposit, demo account types, fixed account types and up to 10 trading accounts, and what a transfer does to the bonus.
- XM client agreement (opens in a new tab)
- Section 81, Swap-Free Instruments: what XM treats as misuse of the instruments with no swap, and what XM can do in that case.
- XM promotions page (opens in a new tab)
- The deposit bonus offered in your country.
- XM execution policy page (opens in a new tab)
- XM’s own statement: 99.7% of orders executed in under 66 milliseconds, even around major news; no requotes or rejections.
- XM partner terms (opens in a new tab)
- Trades closed within three minutes earn no rebate.
The XM app
- Account type screen
- Lot size, lowest spread, commission and minimum trade of Ultra Low Standard and Ultra Low Micro.
- Symbol Information screen
- GOLD# in an Ultra Low trading account: no Swaps row, a 50-lot maximum, and the lowest spread.
Forex FanClub
- XM rebate guide
- Rebate amounts per lot: XM’s VIP rate, of which 90% is passed back.
- XM spread tool
- The 24-hour average spreads.
- XM margin calculator
- The margin for 0.1 lot of EURUSD and gold at 1:1000 leverage.
- XM swap tool
- Swaps on a bought and a sold position on Standard, the triple swap day, and the instruments that carry no swap on Ultra Low.
Once your XM trading account is open, link it to Forex FanClub. The member area lists every rebate payment day by day, across every broker you use. Registration is free and takes an email address.
Produced and operated by Forex FanClub
Person responsible: Hiroki Sakaida, founder of Forex FanClub
Hiroki Sakaida decides what our content and services cover and which features they offer. He also checks content and functionality and decides on revisions and publication. Our Content and Service Policy explains how we produce and check our content and services, including our use of AI.
Risk warning: Forex and CFD trading involve leverage, and you could lose all the money you invest. This article and tool provide information, not investment advice. The amounts shown are calculated from the collected data and do not guarantee the amounts that will apply to your own trades, or any future profit.
Affiliate disclosure: This article contains XM referral links. Forex FanClub receives referral commission based on registrations and trading through these links.
- Is the XM Ultra Low Account Right for You?
- What Is the XM Ultra Low Standard Account?
- Which Instruments Have No Swap on Ultra Low?
- Why Is the Ultra Low Spread Wider Than 0.8 Pips?
- How Much Money Do You Need to Start on XM Ultra Low?
- How Do You Open or Add an XM Ultra Low Account?
- Questions People Ask About the XM Ultra Low Account
- Which XM Guide Do You Need Next?