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XM Ultra Low Account Review: Everything You Need to Know
The XM Ultra Low Account is one of XM’s most popular account types, specifically designed for traders looking for lower trading costs, tighter spreads, and flexible trade sizes. If you are wondering whether the XM Ultra Low Account is worth it, the short answer is yes, especially if your trading strategy depends on minimizing spread costs and having the flexibility to trade in micro or standard lot sizes. This review will cover every important detail so you can decide if it’s the right account for you.
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What is the XM Ultra Low Account?
The XM Ultra Low Account is a type of live trading account offered by XM, a globally regulated forex and CFD broker. It is targeted at traders who want ultra-low spreads starting from 0.6 pips without any commission fees. Instead of charging commission, XM incorporates the cost into the spread, making it easier to calculate your trading costs. This account type is available for both micro lots (1,000 units) and standard lots (100,000 units), making it suitable for beginners, intermediate traders, and professionals.
The XM Ultra Low Account can be used to trade forex pairs, commodities, indices, precious metals, and energies. Its main selling point is that it allows for cost-efficient trading with high execution speed under XM’s no-requotes, no-rejections policy.
Key Features of the XM Ultra Low Account
The defining features of the XM Ultra Low Account are:
· Spreads from 0.6 pips – much lower than XM’s Standard and Micro Accounts.
· No commissions – all costs are included in the spread.
· Choice of base currency – you can open an account in USD, EUR, GBP, AUD, and other major currencies.
· Flexible lot sizes – option to trade micro or standard contracts.
· Leverage up to 1:1000 (depending on jurisdiction).
· Minimum deposit – starts from $5, making it accessible for beginners.
· Hedging and scalping allowed – ideal for short-term and high-frequency strategies.
These features make the account especially appealing for traders who want to keep costs low without sacrificing flexibility.
Account Types Within Ultra Low
The XM Ultra Low Account actually comes in two versions:
1. Ultra Low Micro – suited for beginners or small-volume traders who prefer smaller positions and reduced risk per trade.
2. Ultra Low Standard – for those who want to trade full standard lots with the same low spreads.
The choice between them depends on your trading capital, experience level, and strategy.
Trading Costs – How Low Are They Really?
The XM Ultra Low Account is designed to minimize trading costs by offering competitive spreads without charging separate commission fees. For example, while a typical standard account at many brokers might have spreads starting from 1 pip or higher, the Ultra Low starts from 0.6 pips. Over many trades, especially in high-frequency strategies like scalping, this cost difference can significantly improve profitability.
Let’s take EUR/USD as an example. If you trade 1 standard lot, a 0.6-pip spread equals $6 in cost per trade. With another broker offering 1.5 pips, that would be $15 per trade. Multiply that difference over hundreds of trades, and you can see the savings.
Execution Speed and Trading Conditions
XM is well known for fast execution with no requotes and no rejections. Orders in the Ultra Low Account are executed at market prices, which is crucial for traders who rely on speed, such as scalpers and news traders. This ensures minimal slippage and better control over your trading strategy.
Additionally, the account supports all XM platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and mobile trading apps. Whether you trade from desktop or on the go, you get the same ultra-low spread conditions.
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Deposit and Withdrawal Options
The XM Ultra Low Account supports multiple funding methods, including bank transfer, credit/debit cards, and e-wallets like Skrill and Neteller. Deposits are processed instantly for most payment methods, and withdrawals are generally processed within 24 hours. Importantly, XM covers all transfer fees, meaning you keep more of your trading profits.
The low $5 minimum deposit makes it very beginner-friendly, allowing new traders to start small and scale up as they gain experience.
Leverage and Risk Management
One of the big attractions of the XM Ultra Low Account is the high leverage up to 1:1000 (depending on your country’s regulations). High leverage can amplify both profits and losses, so it’s essential to use it responsibly. XM also provides negative balance protection, ensuring you can’t lose more than your account balance.
Stop-loss orders, take-profit orders, and trailing stops are fully supported, helping you manage your risk effectively.
Instruments Available for Trading
With the XM Ultra Low Account, you can trade:
· Forex – Major, minor, and exotic pairs.
· Commodities – Oil, natural gas, agricultural products.
· Indices – Major global stock indices.
· Metals – Gold, silver, and other precious metals.
· Energies – WTI oil, Brent oil, and gas.
This variety allows you to diversify your portfolio and take advantage of different market opportunities.
Who Should Use the XM Ultra Low Account?
The XM Ultra Low Account is best for:
· Scalpers and day traders who need tight spreads and fast execution.
· Beginner traders who want a low-cost entry into live markets.
· Swing traders who benefit from reduced transaction costs over multiple trades.
· Traders testing new strategies who need flexibility with lot sizes.
If your strategy relies heavily on minimizing spread costs and you value the absence of commission fees, this account is an excellent choice.
Pros and Cons of the XM Ultra Low Account
Pros:
· Spreads from 0.6 pips with no commissions.
· Low minimum deposit of $5.
· Supports both micro and standard lots.
· Hedging, scalping, and EA trading allowed.
· Negative balance protection.
· Wide range of instruments.
Cons:
· Ultra-low spreads not as tight as true ECN accounts (which can go near 0.0 pips but with commission).
· High leverage can be risky for inexperienced traders.
· Not available in some countries due to regulations.
Real User Experience
Many traders who have switched to the XM Ultra Low Account report noticeable cost savings, especially those trading high-volume strategies. Feedback often highlights smooth execution, transparent pricing, and reliable customer support. New traders particularly appreciate the ability to start small while enjoying the same trading conditions as larger accounts.
Professional traders, while satisfied with the spreads, sometimes note that during extremely volatile news events, spreads can widen temporarily—something that happens with most brokers.
How to Open an XM Ultra Low Account
Opening an XM Ultra Low Account is straightforward:
1. Go to XM’s official website and select “Open an Account.”
2. Fill in your personal and financial details.
3. Choose Ultra Low Micro or Ultra Low Standard as your account type.
4. Upload verification documents (ID and proof of address).
5. Fund your account with as little as $5.
6. Download MT4 or MT5 and start trading.
The account setup is usually completed within 24 hours.
Is the XM Ultra Low Account Worth It?
If your goal is to reduce trading costs, maintain flexibility, and access a wide range of instruments under competitive conditions, then the XM Ultra Low Account is absolutely worth considering. It offers a balance between affordability and professional-grade trading conditions without the complexity of commission-based pricing.
It’s not the cheapest possible option in the market (ECN accounts with raw spreads and commissions might be slightly lower in certain scenarios), but for most retail traders, the simplicity and cost-efficiency make it a standout choice.
Final Verdict
The XM Ultra Low Account delivers on its promise: low spreads, no commission, high flexibility, and user-friendly access. Whether you’re a beginner with a small budget or an experienced trader aiming to cut costs, it provides a trading environment that’s both competitive and reliable. Combined with XM’s regulation, customer service, and range of tradable assets, it’s a strong contender for anyone looking to maximize their trading efficiency.
For traders who prioritize transparency, low entry barriers, and consistent execution speed, the XM Ultra Low Account is not just another account type—it’s a practical solution for achieving better cost control in forex and CFD trading.
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