XM Real Spread Measurements — 2026-07-31

This page shows actual measured spreads from a live XM Standard account (Tradexfin Limited, server XMTrading-MT5 2), not the "typical" values published on XM's website. We sample spreads every hour and record the real bid/ask.

Source: Real account, MT5 API, every hour (UTC). Stale ticks excluded. 1739 samples, 6 days (2026-07-25 → 2026-07-31).

All Pairs — Average Measured vs. XM Stated

Gap = measured − stated. Positive = actual cost is higher than advertised.

USD/JPY — Spread by Time of Day (JST)

The spread is not constant. Here is the hourly breakdown for USD/JPY:

Key Findings

• XM states 1.7 pips for USD/JPY Standard, but the measured average is 3.27 pips.
• The peak spread hour for USD/JPY is around 6:00 JST (22.1 pips max observed).
• The tightest spreads occur during the London–New York overlap session.

Methodology

Spreads are measured by reading the live bid/ask from MT5 every hour via the MetaTrader 5 Python API. We record only real-account ticks (no demo) and exclude stale readings (ticks older than 60 seconds). The pip conversion uses the standard formula: spread_pips = (ask − bid) × 10^(digits−1) for JPY pairs (2 decimal places → × 100), or × 10,000 for others.

Conflict-of-interest disclosure: This site earns affiliate commission when you open a broker account via our links. This does not affect the raw measurements shown here — we record what MT5 reports, not what we want to show.