Minimum deposit for xm

The XM minimum deposit to be exact. Wondering for example if you can make a minimum deposit in ZAR?

Free forex bonuses

XM Minimum Deposit Guide (2021), minimum deposit for xm.

XM minimum deposit guide (2021)

Trading with a top forex broker like XM is a forward step in the trading career of anyone looking to break into the sector.

Our XM review details exactly what is on offer with this broker providing extensive access to a wide range of markets.

Here we will take a closer look at the financial side of things.

The XM minimum deposit to be exact.

This is something which can certainly influence how you trade so it is well worth noting.

We will look at the minimum deposit for XM by funding method and account type to make sure that we cover all traders.

69.75% of retail CFD accounts lose money

XM account base currency

As with most top brokers, XM accounts are available with many several base currencies. The XM base currency is the one that you trade with and effectively depends upon which account and regulatory type you fall under.

If you have an XM standard or micro account, you can look forward to choosing every major currency as your XM base currency. Also included are PLN and HUF as other options as well as ZAR and SGD.

Russian RUB is available only if you are located outside of cysec and FCA regulatory areas.

If you are an XM zero account holder, you can access USD or EUR as base currencies with JPY available under global market regulation.

XM ultra-low account holders can select between five base currencies. These are EUR, USD, GBP, AUD, and CHF.

If you are an XM shares account holder, USD only is available for trading with.

XM funding and deposit methods

Again there is a range of XM deposit methods available to traders. These will depend on the country in which you live and not the regulatory jurisdiction you fall under.

Wondering for example if you can make a minimum deposit in ZAR?

The answer is yes, you can deposit in any currency, this includes ZAR. These funds will then simply be converted into your base currency for trading on your account.

Wire transfer

XM deposit by wire transfer is, of course, available and widely used. This funding method is available to traders worldwide and there is an minimum deposit of $60 in place here.

With that said, you will incur a fee if the wire transfer you make falls below $200. If the deposit is above this amount, then not only will XM waive any fees they charge, they will also cover any fee you would usually incur from your own bank side. Therefore, although it is not explicitly required, it is in your best interest to deposit more than $200.

Credit cards

Credit card deposits are available through both visa and mastercard at XM. These are accessible to traders around the world with a minimum deposit amount of just $5.

There are no fees associated from the broker side, but again if your financial provider does levy a fee, this will be covered for anything over a $200 deposit by XM.

Ewallet

Again, the minimum XM deposit through an ewallet is only $5. This can be made through neteller, skrill, perfect money, or a host of others dependent upon your country. At this time XM paypal deposits are not available.

Cryptocurrency deposit in the form of bitcoin is available but again this will depend on your location to determine if this option is open to you or not. There are no fees from the broker side for deposits through these methods.

Other XM deposit options

Other XM deposit options available include both western union and moneygram although these will depend on your location and fees may be applied for these services although not from the broker side.

Various local methods and local bank transfer deposits may also be open to you depending on your area. These minimum deposits will vary.

XM minimum deposits

As with most low deposit forex brokers, beyond the funding methods, the XM broker minimum deposits may also depend on the account type you are holding. Here is a rundown of what to expect depending upon the account type you have.

Standard account

The XM standard account is available under every jurisdiction and with a very good value $5 being the minimum deposit here, it is easy to see why many choose to trade with it.

Islamic accounts are also available if you should require them.

Micro account

Again, the XM minimum deposit on their micro accounts is suitably small at just $5. These accounts facilitate trading in micro lots at excellent rates and are available to all traders in every regulatory area. Islamic traders are also catered for.

XM zero account

Changing things up slightly, we arrive at the XM zero account. This account type is available under cysec, FCA, and most of the countries regulated under the XM global market regulatory framework.

The spreads here are unbeatable starting at 0 pips although commissions are charged on trading. The XM minimum deposit for trading on these accounts is still just $100. This represents good value since you can also have access to your own VPS. Again islamic, shariah law compliant accounts are available.

Ultra low account

This XM low spread account type is available to traders based in australia and within the XM global market regulatory framework. This account comes with extra low spreads and no commission to worry about.

The minimum deposit on this account type is $50.

Shares account

Finally, the XM shares account which focuses on shares trading is available only within the XM global market regulatory area and with a $10,000 minimum deposit.

Related guides:

Deposit bonus

XM bonus amounts and XM deposit bonuses are available though not to those regulated under cysec or FCA rules. Also, although you can receive bonuses under certain circumstances with XM, the bonus amounts themselves are typically not eligible to withdraw, though any profits derived from them usually are.

No deposit bonus

Unlike many brokers, an XM no deposit bonus is available. This means you can effectively start trading without any real money. While you cannot withdraw the bonus funds, you can withdraw any profits made from them.

This XM bonus amount is in the form of a $30 welcome bonus or the equivalent amount based on your account.

XM bonus program

An XM bonus program is in place. This program provides for a 50% deposit bonus up to $500 and then a further 20% deposit bonus on amounts up to $4500. This can be redeemed through trading with the broker. The only exception with this is that it is not available with XM ultra-low accounts.

69.75% of retail CFD accounts lose money

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.

XM minimum deposit

The XM minimum deposit that XM requires is US dollar 5

The minimum deposit amount of US dollar 5 when registering a live account is equivalent to ZAR107.29 at the current exchange rate between US dollar and south african rand on the day and at the time that this article was written.

XM has headquarters in cyprus, australia, and belize and is authorized and regulated by demanding regulating entities namely cysec, ASIC, IFSC, DFSA, and the FCA.

As a regulated broker, one of the requirements is that client funds be kept in segregated accounts.

In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.

In addition to ensuring client fund security through segregated accounts, regulated brokers such as XM are required to be a member of a compensation scheme or fund which pays out a certain amount to eligible clients in the case of company insolvency.

Deposit fees and deposit methods

XM does not charge any fees when deposits are made into the trader’s account. XM offers a vast amount of payment methods which include, but is not limited to:

Bank wire transfer

Local bank transfer

Credit/debit cards

Neteller

Skrill, and more

XM supports a wide variety of deposit currencies in which traders can fund their accounts which includes, but is not limited to:

ZAR, and more.

Step by step guide to deposit the minimum amount

Once the trader has completed the process of registering on the website, the trader can make the initial minimum deposit by following these steps:

Log into the client portal and select ‘deposit’

Select the deposit method along with the amount.

After the trader has made their selection, they will be redirected to the payment processor page to confirm their deposit.

Traders should take note that with making deposits by using bank wire transfer, the transactions may take a certain amount of time depending on the method, time of the day, and day of the week.

Bank wire transfers take anything from a day to a few business days depending on the time the payment was made during the day along with the day of the week.

Pros and cons

PROS	CONS
1. Deposit fees are not charged	1. None noted
2. Quick and easy depositing of funds
3. Low minimum deposit amount
4. Wide variety of payment methods offered
5. Wide variety of deposit currencies supported

What is the minimum deposit for XM?

How do I make a deposit and withdrawal with XM?

You can make use a wide variety of deposit and withdrawal methods including, but not limited to:

Bank wire transfer

Local bank transfer

Credit/debit cards

Neteller, and

Skrill

Does XM charge withdrawal fees?

No, not internally. Traders may be charged fees by their banking institution depending on the payment method through which withdrawals are made.

Question: how much do I need to trade on XM MT4 and MT5? What is the minimum requirement?

How much is required to open XM account and start trading forex on MT4 and MT5?

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.

Required minimum deposit amount for XM MT4 and MT5

Required amount when placing trades on XM MT4 and MT5

Available fund deposit and withdrawal methods with XM
- Fund deposit to XM MT4 and MT5
- Fund withdrawal from XM MT4 and MT5

Faqs about fund deposit and withdrawal with XM
1. Which currency can I use to deposit funds to XM MT4 and MT5 accounts?
2. What is the minimum and maximum deposit and withdrawal amount?
3. How much are the fees (costs) for fund deposit and withdrawal?
4. Can I transfer the funds between accounts?
5. Must I deposit more if the loss exceeds the whole investment amount?

What is XM?

Merits of trading forex with XM

Required minimum deposit amount for XM MT4 and MT5

XM requires only 5 USD to start trading FX and cfds.

For standard and micro account, the required minimum deposit amount is 5 USD.

For XM zero account, the required minimum deposit amount is 200 USD.

Find the account types comparison table in the page here.

Required amount when placing trades on XM MT4 and MT5

With XM micro account, you can trade from only 100 units with 1:888 leverage.

In this condition, you can start trading with only about 10 cents of required margin in your trading account.

Thus, technically you can trade FX with XM with less than a dollar.

Although you can trade with XM with very small amount, you may always want to have your live accounts funded sufficiently to support trading positions and avoid any disturbances such as stop out(liquidation).

Available fund deposit and withdrawal methods with XM

Unless you opened a demo account with virtual funds, you must make a deposit to start trading with XM.

When you make a deposit to XM, the fund will be deposited into segregated bank account prepared by XM and the amount will be applied to your XM MT4 or MT5 account as you specified.

There are various funding methods available by XM, and besides the actual trading activities, it is also important to know the rules of fund deposit and withdrawal.

Fund deposit to XM MT4 and MT5

To make a deposit to XM MT4 or MT5 account, please fist login to xms member’s area from XM official website.

Then go to the “deposit section”.

xm deposit mt4 mt5 money transfer funding

With XM, mainly you can choose from the following fund deposit methods: bank wire transfer, credit/debit cards and online wallets.

In case of a bank wire transfer, you can find XM’s bank account details in the members area where you can make a deposit to replenish your account.

Credit and debit card (VISA, mastercard, maestro etc) is the most popular funding method by investors as it can be made instantly and you can immediately start trading with XM after the deposit.

Online wallets such as neteller, skrill, unionpay can be also useful if you have an account with such services.

The deposits through online wallets are also made instantly.

Fund withdrawal from XM MT4 and MT5

For fund withdrawal with XM, mainly the deposit methods you used will be used.

For example, if you have done bank wire transfer to make a deposit to XM, then the fund will be go back to the bank account you used, including any amount of profits.

In case you have used a credit or debit cards to make a deposit, then the fund up to the total deposit amount will be sent back to the card and profits (exceeded amount) will be sent to your bank account.

XM does not limit the withdrawal amount, you can withdraw unlimited amount of profits, but you must follow certain rules as XM is a licensed and regulated broker.

For more information about fund withdrawals, please contact support team from XM official website.

Fund withdrawal from XM’s trading account requires account verification with documents. For the list of required documents and more details, please visit the page here.

Faqs about fund deposit and withdrawal with XM

Although you are always to welcome to contact XM’s multilingual support team available for 24 hours a day and 5 days a week, we have also picked up some of the frequently asked questions regarding to fund deposit and withdrawal with XM here.

1. Which currency can I use to deposit funds to XM MT4 and MT5 accounts?

You can use any currencies to make a deposit to your trading account with XM.

In case the currency you have sent and the base currency of your account are different, then XM will automatically convert the amount according to the daily exchange rate and will credit it into your account.

To avoid any unnecessarily conversions and commissions, you can open accounts in many different currencies with XM.

The available base currencies include USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD and ZAR.

With such many options, you can also open multiple accounts in different currencies to hedge market risks.

2. What is the minimum and maximum deposit and withdrawal amount?

The required minimum deposit amount is 5 USD.

5 USD is the minimum amount you need to start trading forex and cfds with XM.

However the required minimum deposit amount varies depending on the account type you use.

For micro and standard account, the required minimum deposit amount is 5 USD.

For the XM zero account, the required minimum deposit amount 100 USD.

For the ultra low spread account, the required minimum deposit amount 50 USD.

The available minimum fund withdrawal amount is 5 USD for all account types.

The maximum fund withdrawal amount is unlimited, as XM does not limit the amount of profit you can generate through the investment activities.

3. How much are the fees (costs) for fund deposit and withdrawal?

XM does not charge any fees or commissions for fund deposit and withdrawal.

When you make a deposit to XM, you will see the whole transferred amount minus the commission charged by intermediary banks or payment processors.

XM even covers all transfer fees imposed by our banks, with the exception of deposits amounting to less than 200 USD (or equivalent denomination).

If the amount of bank wire transfer is less than 200 USD, then you must cover the fees charged by the banks.

4. Can I transfer the funds between accounts?

Yes, you can internally transfer funds between accounts registered under your profile.

To do that, please login to XM’s members area from XM official website.

You can freely transfer funds between accounts to manage instantly.

Note that if you have received bonuses from XM, then the internal fund transfer may cause bonus cancellation or partial transfer following the rules of the promotions.

5. Must I deposit more if the loss exceeds the whole investment amount?

No, you do not need to make additional deposits to cover the exceeded losses in XM MT4 and MT5 accounts.

This condition is provided as XM supports NBP (negative balance protection) which protects investors from any exceeded losses.

XM has stop out % which triggers liquidation of all orders to avoid further losses in your account, but in certain market conditions with high volatility in market prices, the account balance could go negative following the stop out (order liquidation).

In such a case, XM’s system will automatically fix the account balance to zero according to the rule of NBP, so investors can start investing again from 0 but not with negative balance.

With XM, the maximum loss is limited to the total deposit amount, and you can manage possible risks by not depositing more than you can afford to lose.

What is XM?

XM was founded on the principal that knowledge is what profits in the foreign exchange market and their success is achieved by helping the clients learn how to become profitable traders.

The way to make money in foreign exchange is to learn the lessons others haven’t and to know what others don’t.

XM believes helping the clients succeed in the forex market is the best way to grow the business, so they offer the best platform in the business, first class forex trading education and resources and superior customer service.

XM MT4 and MT5 platforms are the most unique and intuitive in the forex market.

They were designed in-house by a team of traders and technology experts, who understand the need for a quick, simple and easy to use platform.

It features one click order capability not found on most other platforms as well as instant order execution.

Merits of trading forex with XM

Great pricing on forex and CFD trades, powerful trading tools, great customer service and a ground-breaking financial community.

It doesn’t get any better than that.

Low cost trades
get competitive forex and CFD trade pricing with minimum amount. XM offers extensive free trading and research tools, investor community.

Powerful trading tools
markets move fast. You need the tools to move faster. At XM, you’ll get a comprehensive suite of trading tools to help you identify opportunities and stay on top of every twitch or jitter on the market.

Great customer service
XM’s mission is to provide the most responsive service in the business. They are standing by to assist you via phone, email and chat.

Post tags

See the trading condition of this mega FX broker.

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.

XM review

Regulated by cysec and the FCA (UK)

Minimum deposit

Welcome bonus

US traders not allowed

Screenshots

Full review

XM is the forex brand of trading point holdings ltd. This company is located in limassol, cyprus. It has a trading branch in new zealand and the UK. Trading point NZ ltd is registered with the FSP under registration no. FSP235905, while trading point of financial instruments ltd is regulated by the cyprus securities and exchange commission (cysec) under license number 120/10. The company is also registered with the financial conduct authority (FCA) with license number 538324.

Special offers and bonuses

XM has a loyalty program as well as various bonuses and promotions.

A) there is a no-deposit $30 account bonus which is given to new traders to be able to get a feel of what the market is like when trading with real money.

B) there is also a two-tier account opening bonus, which requires a deposit to activate. Traders can get 50% of their account deposit up to a maximum of $500, as well as an additional 20% bonus when total account deposits total $5000.

C) traders can also gain XM points, which can be exchanged for cash or for bonuses. This is the XM loyalty program, which is only open to real account holders. Points can be earned on every lot traded without upper limits, and these points can then be redeemed either for real cash or credit bonus rewards.

D) finally, there are several seasonal bonuses (such as bonuses awarded at christmas) and some other invitation only bonuses.

XM also has a number of trading contests where traders can trade on real accounts in order to win prizes.

A) there is a starter contest so that traders can get to see what trading contests are like. This is a contest which pays $20 to its winner.

B) THE BIG SMALL trading contest pays out a guaranteed sum of $2000. It commences every thursday at 14.00 server time. Traders start off with $10,000. Registration starts with a ticket price of 100CAD, with a top-up of $C50 hourly if needed.

C) the BIG FREE trading contest is free to join and features a guaranteed prize pool of $500. It is a weekly contest.

Types of trading accounts

The following account types are available on XM:

A) micro: the minimum contract size on the micro account is 0.01 lots. The minimum deposit on a micro account on XM is between $5 and $20,000. As far as leverage is concerned, there are two leverage amounts allowed. There is a maximum leverage of 888:1. Spreads on all majors is variable and starts from 1 pip. The maximum trade size is 100 lots and a maximum of 200 orders can be opened at a time. Hedging and the use of expert advisors are allowed on the micro account.

B) standard: when it comes to the standard account, we can say that the same conditions that operate on a micro account also operate on the standard account, with the exception of the contract size which is a minimum of 1 standard lot. Traders also need to deposit between $20,000 and $100,000 to be able to trade the standard account. The maximum trade size is 50 lots.

C) executive: maximum leverage on the executive account is 100:1, with minimum account balance of $100,000. The minimum trade size is 50 lots, and the use of experts and hedging strategies is also allowed.

On all account types, traders can also open swap-free versions in accordance with islamic principles of investing. All accounts can also be operated in multiple currencies: USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB.

Trading platform features

XM offers its clients the following trading platforms:

A) XM MT4: this is the standard MT4 platform and comes in two versions; one for windows computers and another for mac computers.

B) XM multiterminal: this is the MT terminal specially designed for fund managers and those trading multiple accounts on XM.

C) XM mobile platforms: several mobile platform are available for trading on XM. These include the XM droid trader for android devices, the ipad and iphone trader and the mobile trader for windows phones.

D) XM MAM trader: this is the trading platform specially dedicated to the PAMM account model of trading.

E) XM webtrader 4: this is the web-based version of the MT4 platform.

Commissions and spreads

Below is the table of spreads for the micro accounts on one hand, and the standard/executive accounts on the other.

A) spreads on micro account

B) spreads on standard/executive account

Charting packages

The charting packages are in-built to the trading platforms in use on XM.

Education and demo accounts

Traders can get access to a $100,000 free and unlimited demo account.

Customer service

The customer service desk is available 24 hours a day and five days a week through the following channels:

There is also a live chat service available in several languages for traders to get instant solutions to their issues.

Deposit and withdrawals

Deposits and withdrawals are made easy due to the various methods of transaction that are available to traders. Deposits are made with the following methods:

– credit cards: VISA and VISA electron, mastercard, diner’s club, maestro and unionpay

– electronic payments: sofort, webmoney, ideal, skrill, paysafe, cashu, giropay, moneta.

– western union and moneygram

Deposit limits are set at a minimum of $5 for all methods except for western union and moneygram which have minimum deposit limits of $100.

Withdrawals are processed in 24 hours for all methods of transaction. Minimum withdrawal amounts are $5 for all methods of transaction except for bank wires where withdrawal amount is set at a minimum of $200.

Conclusion

The XM platform is going to be a thrill to use for those who want to partake of the special features and simplicity of the MT4 platform. The trading contests can also be a good mechanism for traders to make money and add to their trading capital. With an array of deposit and withdrawal methods of transaction, traders can also transact on their accounts in many ways, giving them versatility.

What is the minimum deposit for XM broker?

How do I open a demo forex account?

Open forex a demo account.

Get account number and password.

Download metatrader 4 and log in to it using the received data.

Start forex trading on demo account.

How do I log into my demo forex account ?

Now you will be prompted to select between login with existing account open a demo account.

On clicking either login with existing account/open a demo account, a new window opens.

Enter ( broker name ) in the search field.

Click the server-demo icon if you have a demo account, or server-real if you have a real account.

How do I put money in my demo forex account?

Step 1: click the “deposit” button from my account.

My account demo forex account, click “deposit” button on the menu on the left side of the screen.

Step 2: select deposit option.

Step 3: enter the amount you want to deposit.

Step 4: enter credit card information.

Step 5: successful deposit.

How do I play forex demo on mt5/mt4 ? How to access the MT5 android trader

Open google play on your android, or download the app here. Locate metatrader 5 in google play by entering the term metatrader 5 in the search field.

Now you will be prompted to select between login with existing account open a demo account.

Enter your login and password.

Please leave a comment about : awards , safe or a scam? , leverage
accounts , fees . Deposits and withdrawals
market instruments . Trading platforms , regulation , EUR/USD spread , minimum deposit . Financial instruments, currency pairs, cfds ,cryptocurrencies, spot metal, shares, commodities and indices.

Open a forex account. Create a forex trading account access to over 120 currency pairs , all our recommended brokers are regulated

XM minimum deposit review south africa – revealed ( 2021 )

XM minimum deposit

According to research in south africa, the XM minimum deposit amount that XM requires is $5.

The minimum deposit amount of $5, when registering a live account, is equivalent to ZAR86.57 at the current exchange rate between the US dollar and the south african rand, at the day and at the time that this article was written.

XM has headquarters in cyprus, australia, and belize and is authorized and regulated by demanding regulating entities namely cysec, ASIC, IFSC, DFSA, and the FCA.

As a regulated broker, one of the requirements is that client funds be kept in segregated accounts.

This is an imperative factor for traders to consider when comparing various brokers as a lack of regulation may lead to substantial losses of funds that traders may not be able to refund as there is no regulation overviewing such processes.

In addition, regulated brokers are often audited and have strict supervision from regulating entities to ensure that trading activities are legitimate, legal, and fair, and that disputes between the trader and the broker are resolved fairly.

Brokers who do not ensure that client funds are kept in segregated accounts, and rather in the broker account, may be an indication of scam brokers or fraudulent brokers as funds could be, with ease, used or taken possession of by the broker.

Furthermore, with segregated accounts provided by the broker, funds can be withdrawn by the trader at any time, which is an additional and crucial attribute that brokers who are regulated need to comply with.

Deposit fees and deposit methods

XM does not charge any fees when deposits are made into the trader’s account.

XM offers a vast amount of payment methods which include, but is not limited to:

Bank wire transfer

Local bank transfer

Credit/debit cards

Neteller

Skrill, and more

XM supports a wide variety of deposit currencies in which traders can fund their accounts which includes, but is not limited to:

ZAR, and more.

Traders need to ensure that deposits and withdrawals are made in the same currency, and that the account from which funds are deposited, and to where withdrawals are made are the same account registered with XM.

XM does not allow for third-party payments, and the account must be registered in the name of the trader, it may not be in the name of any other person. This forms part of XM’s anti-money laundering, or AML, process enforced by regulatory entities.

Traders also need to ensure that they do the necessary conversions, where applicable, before funds are deposited, to ensure that they meet XM’s minimum deposit requirements and avoid any penalties, or conversion fees should this not be done in the correct manner.

Although various payment methods support the deposit and withdrawal of funds in numerous currencies, traders need to be aware that some payment methods allow for certain deposit currencies.

Traders will need to verify this with XM before selecting a payment method and deposit, but in most cases, the available deposit currencies for a specific method will be indicated on the page where traders can fund their accounts.

Step by step guide to deposit the minimum amount

Once the trader has completed the process of registering on the website, the trader can make the initial minimum deposit by following these steps:

Log into the client portal and select ‘deposit’

Select the deposit method along with the amount.

After the trader has made their selection, they will be redirected to the payment processor page to confirm their deposit.

Traders should take note that with making deposits by using bank wire transfer, the transactions may take a certain amount of time depending on the method, time of the day, and day of the week.

Other payment methods may have shorter turn-around times such as credit/debit cards and various e-wallets, but these may also be subjected to certain banking institutions’ internal processes pertaining to clearance of funds.

Withdrawal turn-around and delays may also be subjected to factors outside of XM’s control and may be due to the trader’s banking institution’s own internal processes with releasing funds.

Traders will need to verify this information with their banking institution and realize that banking processes are also subjected to the day of the week and the time of day in processing withdrawals.

There may be clearance procedures that the trader’s withdrawal is subjected to, imposed by the banking institution, and this information will need to be verified with the banking institution prior to withdrawals.

Bank wire transfers take anything from a day to a few business days depending on the time the payment was made during the day along with the day of the week, according to research in south africa

Pros and cons

PROS	CONS
1. Deposit fees are not charged	1. None noted
2. Quick and easy depositing of funds
3. Low minimum deposit amount
4. Wide variety of payment methods offered
5. Wide variety of deposit currencies supported

Frequently asked questions

What is the minimum deposit for XM?

How do I make a deposit and withdrawal with XM?

You can make use a wide variety of deposit and withdrawal methods including, but not limited to: bank wire transfer, local bank transfer, credit/debit cards, neteller, and skrill

Does XM charge withdrawal fees?

No, not internally. Traders may be charged fees by their banking institution depending on the payment method through which withdrawals are made.

How long does it take to make a withdrawal?

Bank wire transfer – from two to several days / local bank transfer – from one to a few business days

Credit/debit cards – instant / neteller – instant / skrill – instant

Is XM regulated?

Yes, by demanding regulating entities, cysec, ASIC, IFSC, DFSA, and the FCA.

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?

Risk warning

So, let's see, what was the most valuable thing of this article: discover the XM minimum deposit needed to open an account, and the best way to do it, depending on base currencies, funding methods and deposit bonuses. At minimum deposit for xm