Forex xm withdrawal

XM.Com withdrawal methods and fees, all you need to know about XM withdrawal fees and which payment methods you can use to withdrawal from XM forex broker, for more information about xmmarkets withdrawal methods you can also visit XM review by forexsq.Com currency trading website, the top forex broker ratings fx brokers website and the fxstay.Com online investing company and get all information you need to know about XM markets forex broker.

Free forex bonuses

Forex xm withdrawal, forex xm withdrawal.

In order to protect all parties against fraud, XM will only process withdrawal/refunds back to the source of the original deposit according to the below withdrawal priority procedure:

XM.Com withdrawal

XM.Com withdrawal fees

Credit cards

options	XM ACCOUNT BASE CURRENCIES	fees	min. Withdrawal	time	withdrawal
USD, EUR, GBP, CHF, AUD, PLN, HUF	covered by XM	min. 5 USD or value equivalent in any other currency.	Processed in 24 hours

USD, EUR, GBP, CHF, AUD, PLN, HUF	covered by XM	min. 5 USD or value equivalent in any other currency.	Processed in 24 hours
USD, EUR, GBP, CHF, AUD, PLN, HUF	covered by XM	min. 5 USD or value equivalent in any other currency.	Processed in 24 hours
USD, EUR, GBP, CHF, AUD, PLN, HUF	covered by XM	min. 5 USD or value equivalent in any other currency.	Processed in 24 hours
USD, EUR, GBP, CHF, AUD, PLN, HUF	covered by XM	min. 5 USD or value equivalent in any other currency.	Processed in 24 hours*

*withdrawals by credit cards are processed within 24 hours on working days on receipt of your withdrawal request. However, the funds are credited into your bank account within 2-5 business days.

Electronic payment

options	XM ACCOUNT BASE CURRENCIES	fees	min. Withdrawal	time	withdrawal
USD, EUR, GBP, CHF, AUD, PLN, HUF	covered by XM	min. 5 USD or value equivalent in any other currency.	Processed in 24 hours

USD, EUR, GBP, CHF, AUD, PLN, HUF

covered by XM

min. 5 USD or value equivalent in any other currency.

Processed in 24 hours

Bank wire transfer

options	XM ACCOUNT BASE CURRENCIES	fees	min. Withdrawal	time	withdrawal
USD, EUR, GBP, CHF, AUD, PLN, HUF	only fees on XM’s side are covered.	USD 200	2-5 business days*

*withdrawals by bank wire transfer are processed within 24 hours on working days on receipt of your withdrawal request. However, the funds are credited into your bank account within 2-5 business days.

How to do XM withdraw funds?

XM withdrawal priority procedure

Withdrawal of funds is only available to clients who have uploaded their supporting documents and had their trading account validated. Clients log in to the secure XM members area to upload their supporting documents (proof of identity and proof of address) and once the clients’ trading account has been validated they will be able to withdraw funds from their trading account.

In order to protect all parties against fraud, XM will only process withdrawal/refunds back to the source of the original deposit according to the below withdrawal priority procedure:

Credit/debit card withdrawals. Withdrawal requests submitted, regardless of the withdrawal method chosen, will be processed via this channel up to the total amount deposited by this method.

E-wallet withdrawals. E-wallet refunds/withdrawals will be processed once all credit/debit card deposits have been completely refunded.

Other methods. All other methods such as bank wire withdrawals shall be used once deposits made with the above two methods have been completely exhausted.

All withdrawal requests will be completed within 24 working hours; however all withdrawal requests submitted will be instantly reflected in the clients’ trading account as pending withdrawals. In case a client selects an incorrect withdrawal method, the clients’ request will be processed according to the withdrawal priority procedure described above. All client withdrawal requests shall be processed in the currency in which the deposit was originally made. Should the deposit currency differ from the transfer currency, the transfer amount will be converted by XM into the transfer currency at the prevailing exchange rate.

XM's all deposit and withdrawal options and its conditions

How to make deposit and withdrawal to / from XM MT4 and MT5?

Here is the available funding options and each conditions.

XM - what's now?

Leverage 1:888 does not apply to client registered under the EU regulated entity of the group. The maximum leverage for trading point of financial instruments is 30:1.

XM’s all deposit and withdrawal methods

List of fund deposit methods for XM MT4 and MT5
- How to make a deposit to XM MT4 or MT5?
- Anything to be careful before making a deposit?

List of fund withdrawal methods for XM MT4 and MT5
- Any requirements for fund withdrawal?
- Profit withdrawal requires identity verification process (KYC)

Are my funds safe with XM?
1. Clients’ funds are segregated
2. Negative balance protection

Who is XM?

Start trading with XM without making a deposit
1. XM’s 30 USD no deposit bonus
2. Open a demo trading account and trade with virtual money
  - How to register for XM’s DEMO account?
  - XM’s demo account expires in case of inactivity

XM’s all deposit and withdrawal methods

XM accepts a variety of internationally recognized payment system to ensure maximum availability of your most favorite online payment system.

Below you will find brief information about XM’s accepted deposit methods and withdrawal methods, and more detailed information about commissions, fees, withdrawal terms and payment system country restrictions (if any).

List of fund deposit methods for XM MT4 and MT5

Here is the list of currently available fund deposit & withdrawal methods accepted by XM.

Deposit options
credit cards	accepted currency	minimum amount	fees	appriximate time
visa (credit/debit)	USD, EUR, GBP, CHF, AUD, PLN, HUF	5 USD (or equivalent)	none	instantly
visa electron (credit/debit)	USD, EUR, GBP, CHF, AUD, PLN, HUF	5 USD (or equivalent)	none	instantly
mastercard	USD, EUR, GBP, CHF, AUD, PLN, HUF	5 USD (or equivalent)	none	instantly
maestro	USD, EUR, GBP, CHF, AUD, PLN, HUF	5 USD (or equivalent)	none	instantly
unionpay(中国银联)	USD, EUR, GBP, CHF, AUD, PLN, HUF	5 USD (or equivalent)	none	within 24 hours
electronic payment
neteller	USD, EUR, GBP, CHF, AUD, PLN, HUF	5 USD (or equivalent)	none	instantly
skrill (moneybookers)	USD, EUR, GBP, CHF, AUD, PLN, HUF	5 USD (or equivalent)	none	instantly
sofort banking	EUR, GBP	5 USD (or equivalent)	none	depends on country
cashu	USD	5 USD (or equivalent)	none	instantly
przelewy 24	PLN	5 USD (or equivalent)	none	instantly
bitcoin	USD, EUR, JPY	5 USD (or equivalent)	none	within 1 hour
bank wire transfer
bank transfer	USD, EUR, GBP, CHF, AUD, PLN, HUF	200 USD (or equivalent)	depends on banks	2 – 5 business days

How to make a deposit to XM MT4 or MT5?

First, you need to login to XM’s members area, then go to the “deposit” page and follow the instructions of each method.

Anything to be careful before making a deposit?

XM does not accept deposits from third parties. As in, no one else can make a deposit to your trading account.

There is no minimum deposit requirement for micro or standard account, but at least 200 USD is required for XM zero account.

List of fund withdrawal methods for XM MT4 and MT5

withdrawal options
credit cards	accepted currency	minimum amount	fees	appriximate time
visa (credit/debit)	USD, EUR, GBP, CHF, AUD, PLN, HUF	5 USD (or equivalent)	none	within 24 hours
visa electron (credit/debit)	USD, EUR, GBP, CHF, AUD, PLN, HUF	5 USD (or equivalent)	none	within 24 hours
mastercard	USD, EUR, GBP, CHF, AUD, PLN, HUF	5 USD (or equivalent)	none	within 24 hours
maestro	USD, EUR, GBP, CHF, AUD, PLN, HUF	5 USD (or equivalent)	none	within 24 hours
unionpay(中国银联)	USD, EUR, GBP, CHF, AUD, PLN, HUF	5 USD (or equivalent)	none	within 24 hours
electronic payment
neteller	USD, EUR, GBP, CHF, AUD, PLN, HUF	5 USD (or equivalent)	none	within 24 hours
skrill (moneybookers)	USD, EUR, GBP, CHF, AUD, PLN, HUF	5 USD (or equivalent)	none	within 24 hours
bitcoin	USD, EUR, JPY	5 USD (or equivalent)	none	within 24 hours
bank wire transfer
bank transfer	USD, EUR, GBP, CHF, AUD, PLN, HUF	200 USD (or equivalent)	depends on banks	2 – 5 business days

Any requirements for fund withdrawal?

XM processes withdrawals according to the below withdrawal priority procedure:

Credit/debit card

Bitcoin

E-wallet(electronic payment)

Other methods (bank transfer)

For more information, please contact XM support team.

Profit withdrawal requires identity verification process (KYC)

As a licensed company, XM prides themselves on the integrity and transparency of the business.

It is a legal requirement of the international anti money laundering act and part of the memorandum of understanding XM has in place with the different regulatory bodies that they are able to positively identify all customers.

This process helps XM provide their best service, and ensures minimal disruptions to your trading.

XM’s KYC processes are the best and the easiest to complete in the industry and they pride themselves on the recognition they have received by being made socially responsible market operators.

All XM’s traders are required to complete a simple form available online and offline where XM can gather several information about your personal background and trading experience that should help them in offering you more professional services.

Please login to your account dashboard and check the KYC module for more information.

Are my funds safe with XM?

For XM, the creation of a fully protected and transparent environment, in which to trade, is of paramount importance.

XM makes sure they do all they possibly can to give you complete peace of mind when depositing your money with them and offer full transparency in everything they do.

XM prides itself on employing strict and uncompromising measures both automated and manual, to ensure that every part of XM’s information systems are fully protected.

XM is committed to keeping your money safe.

XM is a multi-licensed online forex and CFD broker, and that gives XM clients assurance that any funds held with XM are secure and that their resources are adequately managed at all times.

1. Clients’ funds are segregated

As a retail client of XM, you can rest assured that your funds are completely safe.

Client funds are held at some finest and most reputable banks.

With XM, your money is always segregated under regulations / rules and cannot be used by them, XM’s prime brokers, agents and/or their counter-parties.

2. Negative balance protection

XM’s automated risk management system is designed to reduce the risk of your trading account being depleted to zero or turning negative.

You are completely protected against losing any funds that excess your investment with XM.

Who is XM?

XM offers internet-based trading services all over the world, enabling trading operations in the international currency market forex.

XM enables trading different financial instruments such as forex trading, CFD trading in various markets, index and commodity futures and metals, while ensuring round the clock quality technical support.

XM’s handy and easy to use trading platform metatrader4 and metatrader5 offer access to timely financial news, technical analysis of financial instruments, the ability to use mechanical trading systems and much more.

XM pays special attention to their clients, by finding and carefully hand-picking real professionals, who know their jobs.

Raising the level of financial ability among the population.

Ensuring the best trading conditions, which rival the ones offered by leading banks.

Expanding the selection of trading instruments by offering new demandable instruments.

Creating innovative solutions, which help the traders perform transactions.

Offering high-quality and high-speed technical support to our customers.

Start trading with XM without making a deposit

If you are not ready to make a deposit to XM’s MT4 or MT5 accounts but you want to start investing, there are still 2 main ways to start your online investment journey with XM.

You can either get XM’s welcome bonus which XM gives you for free and does not require you to make a deposit, or open XM’s demo trading account where you can trade with virtual money to experience XM’s trading conditions without risking your own funds.

1. XM’s 30 USD no deposit bonus

XM’s 30 USD no deposit bonus welcomes new traders of XM.

For eligible traders, XM’s 30 USD no deposit bonus can be credited into live trading accounts without a need of making a deposit.

With XM’s 30 USD no deposit bonus, you can trade on XM’s live trading account without making a deposit and without risking your own funds.

Unlike XM’s demo account, the trading with the bonus will involve real market thus you can experience the market conditions.

For more information about XM’s 30 USD no deposit bonus, please visit the page below.

2. Open a demo trading account and trade with virtual money

XM’s demo account is a forex trading account pre-loaded with virtual money instead of real money in real accounts.

People are always required and encouraged to train themselves on a demo account before engaging in real trading to make sure they get familiar with the platform’s features, market’s hectic hours as well as for testing and enhancing their trading strategies or expert advisers.

How to register for XM’s DEMO account?

Just download XM’s free metatrader4 or metatrader5 terminal from XM official website, install and launch to obtain your free $50,000 demo account automatically. (or any other amount)

You should be ready to trade the markets within 5 minutes of downloading XM’s platform.

You can also signup from here to start from online registration with XM, and get the trading tools, educational materials and access to XM’s members are.

XM’s demo account expires in case of inactivity

To maintain healthy and fast trading servers, all XM demo accounts are set to expire in certain days.

After your demo account expires, you can simply register a new demo account at anytime.

You can signup for as many demo accounts as you need.

Please download metatrader4 or metatrader5 forex trading platform from XM official website and install it on your PC or handheld device to get started.

A demo account is automatically created for you upon first login and pre-funded with $50,000 virtual dollars (or any other amounts).

Post tags

See the trading condition of this mega FX broker.

Comments

Features

Axiory $25 no deposit bonus

Windsor brokers loyalty programme

Windsor brokers 20% deposit bonus

Windsor brokers $30 free account

US stocks pre-market trading is now available with exness

FBS 12th anniversary raffle

Land-FX wins the best trading platform award by world forex award

MTN money payment is available for rwanda

Traders trust adds exotic FX pairs - HKD, SGD, CZK, ZAR and more

Interviewing the top forex trader who won the hotforex contest

What's the most profitable forex currency pairs?

Make a deposit to yadix MT4 with perfect money

All forex brokers

All crypto-currency exchanges

Latest article

Axiory $25 no deposit bonus

How to get axiory's $25 no deposit bonus to trade forex for free?

Windsor brokers loyalty programme

Windsor brokers' loyalty programme will reward you for redeemable points.

Windsor brokers 20% deposit bonus

Deposit at least 500 USD to get 20% bonus from windsor brokers.

Windsor brokers $30 free account

Open windsor brokers' $30 free account to start trading without risking your own funds.

US stocks pre-market trading is now available with exness

What is pre-market trading of US stocks? How does it work?

FBS 12th anniversary raffle until 2021/7/1

FBS celebrates the 12th anniversary with prizes totaling $1,200,000.

Land-FX wins the best trading platform award by world forex award

Land-FX MT4 and MT5 are awarded as the best trading platform.

Hercules.Finance

Sitemap

Services

Bonds

Cfds

Commodities

Copy trade

Cryptocurrency

Energies

Etfs

Forex

Indices

Metals

Mirror trade

Social trade

Stocks

Promotions

Community & support

Who is hercules.Finance?

Hercules.Finance is a financial education website powered by a team of financial specialists and IT experts, mainly introduce solutions of forex, CFD and commodity investment, and a number of payment services. With more than 30 partnered companies all over the world, hercules.Finance offers trusted and timely information for investors and users of the services. By referring to hercules.Finance, you can find all latest news/information, financial technical/fundamental analysis, main/exclusive bonus promotions of partnered companies and a number of educational materials of finance. For the list of all partnered companies, please visit here. For more latest information of the website, please visit hercules.Finance.

Risk warning

Foreign exchange and contracts for difference ("cfds") are complex financial products that are traded on margin. Trading forex & cfds carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, forex & cfds may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. Past performance of forex & cfds is not a reliable indicator of future results. All information on hercules is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Please note the spreads displayed in the website are all included extra trading commissions, as it shows the whole commissions charged by each broker. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website.

Forex brokers with best money withdrawal options in 2021

The best and most exciting thing about forex trading is, of course, to withdraw your profit from the forex broker. Say you have been trading, made a considerable amount of profit and now you want to spend your profit. In order to be able to do it, first you have to get your money back from the broker. To withdraw money from your forex account is very straightforward in general but does require you to take few steps.

Forex brokers with best money withdrawal options

Forex.Com

Forex.Com is owned and operated by an industry giant; GAIN capital holdings who has been around for more than 20 years. Forex.Com is registered and regulated by CFTC, NFA and CIMA. The broker accepts clients from the US. Investors can deposit and withdraw funds by credit card, bank card and wire transfer. Digital wallets are going to be available soon.

Money withdrawal options: credit card, bank card, wire transfer

XM

XM puts more than ten methods of deposit and withdrawal under disposal of its clients. In addition to international bank transfer and credit card which has become industry standards as deposit and withdrawal methods, XM clients can use various other methods. Those methods include neteller, skrill, unionpay, web money, ideal, moneybookers, moneygram, sofort and western union. One important detail which makes XM even more favorable is that the broker covers international wire transfer commission of its own part which considerably reduces the withdrawal cost.

Money withdrawal options: wire transfer, credit card, neteller, skrill, unionpay, web money, ideal, moneybookers, moneygram, sofort, western union

Fxpro

Regulated by FCA,cysec and SCB, fxpro is headquarted in london and one of the most prominent forex brokers in the industry. Traders who open an account at fxpro can withdraw and deposit funds through credit card, international bank transfer (SWIFT), paypal, skrill, neteller and china unionpay.

Money withdrawal options: wire transfer, credit card, paypal, skrill, neteller, unionpay

Hotforex

Established in 2010 and headquartered in cyprus, hotforex is an award winning forex broker that offers a wide range of account types and trading instruments. The broker is pursuing a policy of providing the most convenient and advantageous trading conditions for the traders. You can deposit money in hotforex using credit or debit cards and bank wire transfers. Apart from that hotforex also accepts skrill, neteller, fasapay, sofort, mybitwallet, ideal and webmoney.

Money withdrawal options: wire transfer, credit card, skrill, neteller, fasapay, sofort, ideal, webmoney, bitcoin

Exness

Exness was founded in 2008 in russia and has grown into one of the most popular forex brokers in europe since then. The company is regulated by cysec in cyprus and FCA in UK. Having a wide array of payment methods, transacting money on this brokerage platform is pretty easy and quick.

Money withdrawal options: wire transfer, credit card, skrill, neteller, webmoney, perfect money, sticpay, jeton wallet

Choose the withdrawal option

When it comes to withdraw your profit from forex brokers, the methods are not scarce including credit card, wire transfer, paypal, neteller, skrill, western union, bitcoin to name a few.

I usually go with wire transfer when withdrawing my profit. Nevertheless it comes with some caveats. Wire transfer is recommended if only you are going to withdraw an amount over a thousand. Otherwise the bank transfer fees are going to eat up your hard earned profit. Bear in mind that when you choose to get your money back through wire transfer, you are going to get double charged (once by the bank in where your forex broker is located and again by your local bank). The fees could range from $50 to $100 in total. The certain amount completely depends on the bank the broker is working with and your local bank. International wire transfer fees charged by some US banks are explained in this article.

How to Withdraw Money From Forex Broker - Withdrawal Options

My second favorite option to withdraw funds from forex account is credit card. Again there are some caveats. Some forex brokers don’t allow you to withdraw more than what you deposited with the same credit card. When you deposit $1000 to your forex account using credit card, you can only withdraw an amount up to $1000 by the same card. So you will have to choose another withdrawal method to transfer your profit.

Though I haven’t used so far, other popular methods are digital wallets like neteller, skrill, paypal. Forex brokers don’t charge extra fees to withdraw money by digital wallets however those services apply their own fees when you want to transfer money from the wallet to your bank account.

Submit your withdrawal request

After you decided the best transfer option for you, you have to submit your withdrawal request. Forex brokers used to demand clients to print out a withdrawal form then fill, sign and forward it to the broker by mail or e-mail.

However nowadays you don’t have to go through this cumbersome process. Majority of the forex brokers provide clients with a username and password for the client portal where they can submit their money withdrawal request in just seconds.

Just log in to the client portal, navigate to the money withdrawal section, fill the online form and click the submit button. Congratulations!

An important caveat is that some forex brokers do not require clients to verify their account till to the point they wish to withdraw funds from their account. If this is the case for the broker that you are trading with, you will need to verify your forex trading account by loading proof documents for ID and address. However, you will have always the chance to verify your account upon registration in case you do not want to worry about the last minute rush.

Wait until your fund is transferred to your bank account / credit card / digital wallet

It ranges between one to three business days depending on the forex broker and withdrawal option you used. Wire transfer and credit card transfers could take up to three business days. Though I remember several times that I received the funds same day when I used wire transfer as the transfer option. The commission and fees are not fixed for wire transfer. Since there are three banks involved at a wire transfer transaction, it is hard to know the exact amount that is going to be charged as commission. However, based on my experience, I can say that it should range between $30 and $100.

Digital wallets such as skrill and neteller has a different commission and time schedule. First time you incur any commission is the moment you withdraw funds from your trading account. The rate changes between %3 and %2 of the amount you like to withdraw. It takes fews days between the time that money leaves your trading account and arrives at your digital wallet. Second time you will get charged is the moment you transfer the money from your skrill account to your bank account. That is another %3 – %2 commission.

Wire transfer is my preferred withdrawal and deposit method. I use digital wallets only if wire transfer is not among the methods offered by the forex broker. Credit card is fast and more reasonable than any other withdrawal and deposit method. Nevertheless, I shall kindly point out that in the case you choosed credit card as a withdrawal method, you can only withdraw the amount you deposited by the same credit card. Therefore, you will have to use another method in order to be able to withdraw your profit.

Recommended broker

XM is the brand name of trading point holdings limited. They own four subsidiaries, each with their own license.

In cyprus, XM is licensed by cysec. This regulatory body is authorized to work by the governing laws of cyprus when investigating broker firms. Cysec covers its clients’ funds with the ICF which permits for a compensation of up to €20 000 to be paid to traders in case the broker fails to pay its dues.

In australia, XM is certified by ASIC. As most regulatory bodies do, ASIC aims to enforce laws concerning the financial markets, and strives to deliver good investment environment.

XM is also regulated in the mesoamerican country of belize by their respective body: the international financial services commission (IFSC). Their main goal is to promote belize as a financial offshore center while also providing the appropriate regulatory measures to support said endeavor.

The average EUR/USD spread at XM is 1.6 pips, and goes as low as 0.1 pips for XM zero account (plus commission- read below). The leverage can go as high as 1:500. However, due to ESMA introduced laws the leverage in the UK and EU has been limited to 1:30.

XM provides a rich choice of assets, making sure that almost every taste is met accordingly. These are: forex cfds, commodities cfds, equity indices cfds, precious metals cfds and energies cfds.

Expanding XM even further is the baffling volume of languages available: english, australian english, russian, italian, polish, japanese, thai, czech, malaysian, greek, indonesian, swedish, arabian, portuguese, filipino, bengali, chinese, hungarian, french, german, spanish, vietnamese and dutch.

The inclusion of the two most popular trading platforms- MT4 and MT5- is not surprising.

METATRADER 4

MT4 is always a good reminder of just how far the industry has gotten. This platform holds the popularity title for many a reason: advanced charting tools, custom indicators, expert advisors and more. MT4’s VPS allow for seamless automated trading at all times, uninterrupted by computer failures, sudden power cuts or connectivity issues.

Average EUR/USD spread is 1.6 pips, and 0.8 pips for the XM zero account (including commission). Due to ESMA the UK and EU are limited to provide a leverage no bigger than 1:30. Offshore subsidiaries of trading point holdings limited are not bound by this rule and can afford a max leverage of 1:500.

XM zero account holders will be commissioned by $3.5 per side (7$ round turn) for every standard lot ($100 000), in turn changing the minimum cost of trading from 0.1 pips to 0.8 pips.

Besides the desktop version of MT4, there is also a neat web based alternative (no trading bots though). Get direct access to MT4 on virtually any device (mobile or tablet) operating with an android or ios operating system.

METATRADER 5

Offering more in pure quantity than MT4, MT5 has still a hard time replacing its predecessor mostly due to the fact that MT4 is universal, and essentially used by every online broker. Nevertheless, MT5 allows for full expert advisor support, has a built in economic calendar, more pending orders are available, has increased time-frames, and much more. Virtual private servers can be utilized as well.

The spread has not changed: with standard account it is 1.6 pips for EUR/USD. By adding the commission to the 0.1 pip spread for XM zero, account holder will get an actual spread starting from 0.8 pips.

In the UK and EU the leverage has been set by ESMA to 1:30 max. Outside of the EU and UK expect the leverage to be as high as 1:500.

The means of access to MT5 are various: desktop, web based platform, ios and android apps.

XM MINIMUM DEPOSIT

The minimum deposit is $5, and $100 if you’re using an XM zero account.

The broker purposefully retains payment methods information from non-deposited traders. From what we gathered, after extensive digging in the website and long customer support chat sessions, XM group is accepting multiple local payment methods including credit/debit card, skrill, bank wire transfer, etc. The full list of payment methods can be seen in user’s member’s area once an account is registered.

The base currencies at XM are: USD, EUR, GBP, CHF,‎ AUD, HUF, PLN.

Wire transfer users will have to wait 2-5 days for their XM accounts to be funded. Card methods and ewallet deposits are instant.

The broker offers free of charge deposits for all methods except those made by wire transfer. If such is the case anything below a $200 (or other currency) will be billed with a commission by the broker.

XM WITHDRAWAL TIME AND FEES

Cysec regulations guarantee that all withdrawals will be safe and secure.

As mentioned above, payment methods are vague and unspecified unless you open an account. What we got from our own research is that XM group is accepting multiple local payment methods including credit/debit card, skrill, bank wire transfer, etc.

All withdrawals are processed within 24 hours. Users of XM card or any ewallet methods will receive their money on the same day the request has been processed, while wire transfer and credit/debit card user will have to wait 2-5 working days.

The minimum withdrawal amount is $5. However the amount does vary depending on the payment methods. And as specified, without an account you cannot see all available methods of payment.

XM covers the fee for wire transfer for 200$ withdrawal and above. Anything below will not be covered by XM and can be burdened with a fee by the client’s bank of choice. All other withdrawal methods are free of taxes.

BOTTOM LINE

XM is massive in both quantity and quality. The regulations mean business, but also security for clients, while the amount of content is, quite frankly, impressive to say the least.

However every rose has its thorns. In XM’s case it’s the commission for XM zero account holders, and the withheld information on deposits and withdrawals.

Withdrawal! Complete withdrawal request within 1 minute!

How to withdraw money on XM group

Withdrawal request from XM group, complete within 1 minute! Very simple

There are different ways to withdraw money such as credit card, debit card, NETELLER, bank transfer, but it should be noted that basically you can not withdraw money using methods other than those used to deposit funds.

This is not just limited to XM group but other foreign forex brokers to prevent money laundering.

Step 1 click “withdrawal” button on my account page

After logging in to my XM group account, click “withdrawal” on menu.

Step 2: select withdrawal options

Select the withdrawal method similar to the deposit method

Credit cards or debit cards can be withdrawn up to the deposit amount.

After withdrawing up to the amount deposited, you can choose to withdraw the remaining amount using whichever method you like.

For example: you deposited 100,000 VND into your credit card, and you make a profit of 100,000 VND after trading. If you want to withdraw money, you have to withdraw 100,000 VND or the amount deposited using credit card, the remaining 100,000 VND you can withdraw by other methods.

Deposit methods	possible withdrawal methods
credit card	withdrawals will be processed up to the amount deposited by credit card. The remaining amount can be withdrawn via other methods
debit card	withdrawals will be processed up to the amount deposited by debit card. The remaining amount can be withdrawn via other methods
NETELLER	choose your withdrawal method other than credit or debit card.
Bank wire	choose your withdrawal method other than credit or debit card.

Step 3 enter the amount you wish to withdraw and submit the request

Enter the amount you wish to withdraw. Note that you should not enter “comma” when entering the amount. Number only

Click “yes” to agree to the preferred withdrawal procedure, then click “request”

Thus, the withdrawal request has been submitted.

The withdrawal amount will be automatically deducted from your trading account. Withdrawal requests from XM group will be processed within 24 hours (except saturday, sunday, and public holidays)

As for credit cards and debit cards, since refunds are handled by card companies, even if XM group has completed the withdrawal request within 24 hours it could take a few weeks to a month to complete the process so, it is recommended that you withdraw the funds in a timely manner.

XMP (bonus) that has been redeemed will be removed entirely even if you only withdraw 1 USD

At XM, a client can open up to 8 accounts.

Therefore, it is possible to prevent the removal of the entire XMP (bonus) by opening another account, transferring the investment amount to this account and using it to withdraw money.

Review

Introduction

XM was first started back in 2009 in london and now they have an offering of more than 400 different instruments.

This includes over 350 cfds, as well as 57 currency pairs and 5 cryptocurrency cfds. XM is regulated by the FCA in the united kingdom and they have european passports with the mifid, as well as being regulated by the cysec in cyprus, as well as being regulated in australia as an ASIC entity.

They offer more than 30 language options for their users and they cater for any and all levels of trader. One of the recent awards they have received is being named as the best FX broker in europe in 2018 by the world finance magazine.

Over 30 supported languages

Numerous esteemed awards

Regulated by well-respected authorities

Trading conditions

XM offer three different types of account for their users. The micro account is best suited to beginners, with the standard account being ideal for flexible traders. The XM zero account generally is best suited for regular traders or those who place significant trades.

Depending on the specific instrument, for each of the account types you will be dealing with leverage ranging from 1:1 up to 30:1. While there are seven base currency options available with micro and standard accounts, you can only deal with USD and EUR when you have a XM zero account.

You have two accounts which are free from commissions – standard and micro accounts, while the XM zero account is based on commission. Looking at the XM zero account, the average spread for EUR/USD is 0.1 pips excluding the commission. For the same pair on the other two accounts, the average spread for this currency pair is 1.7 pips.

The commission is $5 per side, so you are looking at competitive pricing as a whole.

XM always have a range of promotions they are running at any given time. They have a 100% deposit bonus up to $5,000, they have free VPS services and there are no fees on both deposits and withdrawals.

Wide ranging promotions

Commission free account options

3 different account types

Products

In total, there are 356 different cfds offered by XM, with five of these being cryptocurrency cfds. There are 57 currency pairs on offer and they don’t offer any ETF products.

356 CFD options

No ETF products

57 currency pairs

Regulation

Having been around since 2009, XM are regulated by a number of trusted authorities. They are authorised in the european union, as well as being regulated by the FCA in the united kingdom. They have the necessary approval from the cysec in cyprus as well as being a ASIC regulated entity in australia.

Platforms

The only platform that is offered by XM is metatrader, which is an industry standard trading platform. They offer both metatrader 4 and metatrader 5 and they have tweaked them slightly to suit the specific needs of their users.

You have access to virtual trading, but those using mac desktop computers will not be able to run this trading platform optimally. There are 51 different trading indicators available to you and there are 31 charting tools you can utilise.

Metatrader is the only trading platform available

51 trading indicators

Mobile trading

As a result of being a metatrader only platform, you will able to utilise the platforms on ios and android devices, whether it is through the MT4 or mt5 apps which can be downloaded straight away from either the app store or the android play store.

There are 30 trading charting indicators available on the mobile apps and you have the full range of trading instruments to choose from with these apps.

Pricing

With XM the amount of fees and commission that you have to pay will be dependent on what sort of account you have with them. There are three different account types in total. You have two accounts which are free from commissions – standard and micro accounts, while the XM zero account is based on commission.

Looking at the XM zero account, the average spread for EUR/USD is 0.1 pips excluding the commission. For the same pair on the other two accounts, the average spread for this currency pair is 1.7 pips.

The commission is $5 per side, so you are looking at competitive pricing as a whole.

Lower overall spreads can be achieved by XM as they are the sole dealer in every single trade.

Competitive spreads thanks to XM being the sole dealer

Varying commissions and fee levels depending on account type

Deposits & withdrawals

With the micro and standard account types, you are not subject to a minimum deposit, but usually you will have to deposit at least $5 due to system requirements. There is a minimum required deposit of $100 for the XM zero account type.

All of the usual forms of deposit and withdrawal are available with XM, such as neteller moneybookers, debit and credit cards and skrill. Most of the deposit options will allow you to have your deposit processed instantly. Bank transfers will take between 2 and 5 business days to process though.

When it comes to withdrawing from XM, most options will have your withdrawal processed within 24 hours without having a minimum required withdrawal. If you are withdrawing via a bank transfer, then you will have to wait between 2 and 5 business days for it to be processed and there is a minimum withdrawal of $200 in place.

Variety of banking options

Quick processing times

Customer support

More than 14 languages are catered for through the customer support service at XM. You can reach them no matter what time of day it may be through their live chat feature.

You can also give them a call or send them an email, with the team working on weekdays only.

14 languages catered for

24/5 customer support

Research & education

There is a library of free educational materials for XM users including the likes of week interactive webinars and video tutorials. They always have the latest news from the world of forex as well as providing regular market analysis from the team of experts at the platform. They also have a range of tools and calculators that provide everything a trader needs when making certain calculations.

Noteworthy points

As a whole XM is a trusted broker that has a solid and unspectacular offering for their users. They look after the needs of their clients through quality customer support and they have regular promotions such as a free VPS service.

As they are completely reliant on metatrader platforms, those familiar with the sector can easily utilize the broker as it is similar to a lot of other offerings out there.

Catering for 30 languages and having received numerous awards in recent years, including being named as the best FX broker in europe in 2018 by the world finance magazine, they hold a reputable place in the sector.

30 languages catered for

Free VPS service

Best broker in europe 2018 – world finance magazine

Conclusion

XM is a broker that has been around since 2009 and now employs more than 300 people. They have a diverse offering of instruments, which caters for the needs of their users in an adequate manner.

As they are reliant on metatrader for the trading software, you are not going to be surprised by anything on this front. They have a decent welcome bonus, matching your first deposit 100% up to a max bonus of $5,000.

They have a wide ranging section for education, including free weekly webinars that are interactive. It is an ideal learning ground for beginner traders and with three different account types, they cater for all kinds of traders depending on what their specific needs may be.

If you are looking for a platform that is easy and straightforward to use and that looks after their users, XM could be the right option for you.

Comparison

Broker comparison maecenas porta rhoncus dui ut congue. Donec luctus non sem eu euismod. Ut rhoncus mauris non bibendum congue. Donec maximus ipsum a lectus sollicitudin.

Forex brokers with best money withdrawal options in 2021

Forex brokers with best money withdrawal options

Forex.Com

Money withdrawal options: credit card, bank card, wire transfer

XM

Money withdrawal options: wire transfer, credit card, neteller, skrill, unionpay, web money, ideal, moneybookers, moneygram, sofort, western union

Fxpro

Money withdrawal options: wire transfer, credit card, paypal, skrill, neteller, unionpay

Hotforex

Money withdrawal options: wire transfer, credit card, skrill, neteller, fasapay, sofort, ideal, webmoney, bitcoin

Exness

Money withdrawal options: wire transfer, credit card, skrill, neteller, webmoney, perfect money, sticpay, jeton wallet

Choose the withdrawal option

When it comes to withdraw your profit from forex brokers, the methods are not scarce including credit card, wire transfer, paypal, neteller, skrill, western union, bitcoin to name a few.

Submit your withdrawal request

Just log in to the client portal, navigate to the money withdrawal section, fill the online form and click the submit button. Congratulations!

Wait until your fund is transferred to your bank account / credit card / digital wallet

Question: with XM, how much is the cost/fee for card withdrawals?

XM - what's now?

Leverage 1:888 does not apply to client registered under the EU regulated entity of the group. The maximum leverage for trading point of financial instruments is 30:1.

There is no commissions charged by XM regarding card withdrawals.

Normally, you will see the full withdrawal amount in your card(bank account) after the withdrawal, and the payment providers(card company) does not charge commissions as the withdrawal via card is processed as cancelling the previous payment .

You may contact the payment provider if there is any fee charged on your withdrawal.

As long as your card is active, withdrawals from XM accounts will be made via card prior to any other deposit methods, up to the amount you have deposited.

After the fund has been withdrawn via card, the rest of your fund and profit can be withdrawn via other methods.

For conditions of other withdrawal methods, please visit XM official website and login to the client portal.

Post tags

#cancel

#card

#card company

#charge

#commissions

#cost

#credit/debit card

#fee

#payment provider

#trading account

#withdrawal

#xmtrading

See the trading condition of this mega FX broker.

Comments

Features

Axiory $25 no deposit bonus

Windsor brokers loyalty programme

Windsor brokers 20% deposit bonus

Windsor brokers $30 free account

US stocks pre-market trading is now available with exness

FBS 12th anniversary raffle

Land-FX wins the best trading platform award by world forex award

MTN money payment is available for rwanda

Traders trust adds exotic FX pairs - HKD, SGD, CZK, ZAR and more

Interviewing the top forex trader who won the hotforex contest

What's the most profitable forex currency pairs?

Make a deposit to yadix MT4 with perfect money

All forex brokers

All crypto-currency exchanges

Latest article

Axiory $25 no deposit bonus

How to get axiory's $25 no deposit bonus to trade forex for free?

Windsor brokers loyalty programme

Windsor brokers' loyalty programme will reward you for redeemable points.

Windsor brokers 20% deposit bonus

Deposit at least 500 USD to get 20% bonus from windsor brokers.

Windsor brokers $30 free account

Open windsor brokers' $30 free account to start trading without risking your own funds.

US stocks pre-market trading is now available with exness

What is pre-market trading of US stocks? How does it work?

FBS 12th anniversary raffle until 2021/7/1

FBS celebrates the 12th anniversary with prizes totaling $1,200,000.

Land-FX wins the best trading platform award by world forex award

Land-FX MT4 and MT5 are awarded as the best trading platform.

Hercules.Finance

Sitemap

Services

Bonds

Cfds

Commodities

Copy trade

Cryptocurrency

Energies

Etfs

Forex

Indices

Metals

Mirror trade

Social trade

Stocks

Promotions

Community & support

Who is hercules.Finance?

Risk warning

Withdrawal! Complete withdrawal request within 1 minute!

How to withdraw money on XM group

Withdrawal request from XM group, complete within 1 minute! Very simple

This is not just limited to XM group but other foreign forex brokers to prevent money laundering.

Step 1 click “withdrawal” button on my account page

After logging in to my XM group account, click “withdrawal” on menu.

Step 2: select withdrawal options

Select the withdrawal method similar to the deposit method

Credit cards or debit cards can be withdrawn up to the deposit amount.

After withdrawing up to the amount deposited, you can choose to withdraw the remaining amount using whichever method you like.

Deposit methods	possible withdrawal methods
credit card	withdrawals will be processed up to the amount deposited by credit card. The remaining amount can be withdrawn via other methods
debit card	withdrawals will be processed up to the amount deposited by debit card. The remaining amount can be withdrawn via other methods
NETELLER	choose your withdrawal method other than credit or debit card.
Bank wire	choose your withdrawal method other than credit or debit card.

Step 3 enter the amount you wish to withdraw and submit the request

Enter the amount you wish to withdraw. Note that you should not enter “comma” when entering the amount. Number only

Click “yes” to agree to the preferred withdrawal procedure, then click “request”

Thus, the withdrawal request has been submitted.

The withdrawal amount will be automatically deducted from your trading account. Withdrawal requests from XM group will be processed within 24 hours (except saturday, sunday, and public holidays)

XMP (bonus) that has been redeemed will be removed entirely even if you only withdraw 1 USD

At XM, a client can open up to 8 accounts.

Therefore, it is possible to prevent the removal of the entire XMP (bonus) by opening another account, transferring the investment amount to this account and using it to withdraw money.

So, let's see, what was the most valuable thing of this article: XM.Com withdrawal methods and fees, all you need to know about XM withdrawal fees and which payment methods you can use to withdrawal from XM forex broker, for more information... More at forex xm withdrawal