Xm global withdrawal

How to deposit the XM account? There are several XM deposit options:
XM deposit methods

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XM Deposit and Withdrawal Methods in 2021, xm global withdrawal.

XM deposit and withdrawal methods in 2021

In our xm.Com broker review, we described the basic features and offers of this famous forex broker. In this article, we will analyze only deposit and withdrawal options.
XM is one of the leading foreign exchange (forex) brokers globally, and millions of traders worldwide are using XM for forex trading. Many of these forex traders are investing large amounts of money for forex trading. They would like to find out the XM deposit and withdrawal methods to make a decision accordingly. One of the factors affecting the choice of the deposit or withdrawal method is the country in which the trader is residing. Some payment/withdrawal methods are popular in each country due to several factors, and the trader will usually use that method since the fees will be less. Unless specified, the currencies for the deposit and withdrawal methods are USD, EUR, GBP, CHF, HUF, PLN, AUD.

XM deposit and withdrawal methods are online payment methods that XM forex broker allows for traders. XM.Com deposit and withdrawal methods are credit card, debit card, neteller, skrill, unionpay, bank wire. XM withdrawal options for partners are skrill, neteller, and bank wire.

XM offers payment options for traders, such as:

VISA

VISA electron

Mastercard

Maestro

Diners club international

Unionpay

XM card

Skrill

Neteller

Web money

Bank wire

The minimum deposit for an XM account is $5 for MICRO and STANDARD forex trading accounts, $50 for ULTRA LOW trading accounts, $10 000 for SHARES accounts.XM minimum withdrawal value is $5 for MICRO and STANDARD forex trading accounts, $50 for ULTRA LOW trading accounts, while for SHARES accounts is $10 000. The minimum deposit value for the XM account and minimum withdrawal for the XM account is related to the type of order and not the payment method. Skrill withdrawal option is one of the most used payment methods, and the minimum deposit for skrill (withdrawal too) is based on account types.

XM deposit methods

How to deposit the XM account? There are several XM deposit options:

XM credit/debit card

XM accepts deposits using credit and debit cards from visa, visa electron, mastercard, maestro. The minimum deposit amount is $5, and the amount is immediately credited to the user’s forex account. There are no fees for using this deposit method. Since most people have a debit or credit card, this deposit method is widely preferred. However, most credit and debit cards have a limit, so the amount which can be deposited is also limited.

XM electronic payment

All the electronic payment methods have no fees and a minimum deposit of $5. Neteller, skrill, and unionpay are some of the electronic payment methods. For neteller and skrill, the amount is credited to the forex account immediately, while for union pay, the deposit will be processed within 24 hours. Cash only accepts USD deposits and przelewy24 accepts PLN deposits, and the amount is instantly credited to the forex account. For bitcoin, deposits in only three currencies, USD, EUR, JPY, are accepted, and it may take up to one hour for the payment to get processed.

XM banking

For sofort banking, deposits are only accepted in eur & GBP. Though the minimum amount is $5, and there are no fees, the deposit processing time will vary depending on the country. For conventional bank transfer of deposit amount in the forex account, at least two hundred USD or equivalent will have to be deposited in the forex account at a time. The fees depend on the bank, which is used. The amount deposited in the bank account will be credited to the forex account within two to five business days.

XM withdrawal review

If a user wishes to withdraw his money from the XM account, they will have to provide the know your customer (KYC) documents, which are specified. These documents are necessary to prevent money laundering according to the various regulatory bodies’ requirements in different countries. XM has an online and offline form where the customer’s personal information and background details have to be provided. This information will help XM in providing better service to their customers.

Compared to deposits, there are fewer withdrawal methods, which are discussed below. Unless specified, the XM user will have to withdraw at least five USD at a time, and there are no fees for withdrawal. The processing time for the withdrawal request is usually 24 hours on working days if the customer has completed the KYC requirements and submitted the documents required. These documents are the identity proof and proof of address of the trader. However, the amount will be credited to the linked bank account, usually only after three to five business working days.

XM credit cards and electronic payment

Visa, visa electron credit and debit cards, maestro and mastercard credit cards can be used for withdrawing funds. Unionpay is another option for fund withdrawal. Similarly, skrill ( earlier called moneybookers) and neteller are electronic payment methods used for fund withdrawal. Bitcoin can also be used for withdrawing the money in the XM account, though funds can only be withdrawn in USD, EUR, and JPY. Usually, credit/debit card withdrawals are given top priority by XM, followed by bitcoin withdrawals and neteller/skrill (e-wallet) withdrawals.

XM bank wire transfer

Many of the forex traders are trading in large amounts, and they prefer to make bank wire transfers to withdraw their profit.

The smallest amount permitted for making a withdrawal to a bank account is two hundred dollars. The withdrawal fees will vary based on the bank selected by the trader. The amount is usually credited to the bank account two to five business days after the withdrawal request is made. XM may process the bank withdrawal requests more slowly. The longest period of XM bank wire transfer withdrawal was 5 days in my last 8 years.

XM fund safety

To keep their clients’ funds, the forex traders safe, XM takes all measures to prevent unauthorized access to their information systems. All the funds of their clients are segregated and kept with the most reputed banks worldwide. Additionally, XM is also offering negative balance protection to their clients. XM has a risk management system implemented, which will ensure that the trader’s loss will be limited to the amount deposited with XM only.

Forex trading without any deposit

Many people are interested in forex trading yet do not have the money to take the risk. However, it is still possible to get some experience in forex trading without making a deposit.

XM no deposit bonus

To encourage people who are curious about forex trading, XM offers a $30 no deposit bonus to all those who create a new account with XM. This allows the new trader to take the risk of trading without risking his own money. The amount is directly credited to the live trading account and helps the trader understand market conditions.

XM demo account

XM also allows new traders to create a demo or virtual account to trade in forex with virtual money. The trader will be given $50,000 in virtual money for each account created, which he can use to trade, become familiar with the features, and test strategies. A trader can create any number of demo accounts to practice trading. If the demo account is inactive for a long period, it will be deleted immediately.

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

Penarikan dana akun XM anda

Cara melakukan withdrawal / penarikan dana pada akun XM dapat anda lihat pada langkah- langkah berikut

1. Buka akses ke member area, maka akan ada tampilan seperti gambar disamping, masukan nomer dan password akun riil anda untuk melakukan login ke kabinet klien.

Belum mempunyai akun ? Silahkan buka akun melalui link dibawah ini

2. Klik PENARIKAN pada bagian menu atas setelah anda masuk kedalam member area/ kabinet klien, maka akan keluar tampilan seperti gambar disamping, mohon anda memperhatikan balance atau equity anda sebelum penarikan dana dilakukan.

Metode penarikan / withdrawal anda haruslah sama dengan metode deposit yang anda lakukan.

3. Contoh tampilan withdrawal menggunakan online bank transfer, sama dengan deposit ada beberapa pilihan bank transfer seperti BCA, bank mandiri, BNI, BRI, dan CIMB NIAGA.

Pilih salah satu bank, lalu isi nomor rekening dan jumlah penarikan dalam USD . Centang persetujuan lalu klik PENGAJUAN . Ikuti langkah selanjutnya dan tunggu hingga dana anda disetujui XM untuk diproses.

Rata-rata lama penarikan dana adalah 1x24 jam atau lebih cepat, periksa email anda untuk memastikan status witdrawal anda. Jika mengalami kesulitan anda bisa menghubungi CS kami.

Peringatan resiko

Modal anda beresiko. Produk dengan leverage mungkin tidak cocok bagi semua orang. Silahkan pertimbangkan pengungkapan resiko kami.

Trading forex memiliki resiko yang sangat tinggi sehingga dapat mengakibatkan kehilangan dana yang sangat besar, kami menyarankan agar trader dan investor dapat menggunakan margin secara baik dan bijak.

Jagotrading.Id tidak pernah menerima investasi online dan offline dalam bentuk apapun dan tidak menjalin kerjasama dengan pengelola investasi manapun serta menjalin kerjasama dengan pemilik EA manapun. Jagotrading juga tidak merupakan bagian dari perusahaan XM, kami hanya introducing broker yang memberikan kemudahan kepada para trader XM sebatas informasi dan menawarkan produk.

XM australia dilisensi oleh australian securities and investment commission (nomor ref: 443670), XM global diregulasi oleh IFSC (60/354/TS/19) dan XM cyprus diregulasi oleh cyprus securities and exchange commission (nomor ref: 120/10).

XM global (CY) limited dengan kantor di 36, makariou & agias elenis, ‘galaxias’ building, 5th floor, office 502, 1061, nicosia, siprus.

Peringatan resiko: perdagangan forex dan CFD melibatkan resiko yang signifikan terhadap dana investasi anda. Silakan baca pengungkapan penuh kami.

Wilayah terbatas: XM global limited tidak menyediakan layanan untuk warga negara di beberapa negara tertentu, seperti amerika serikat, kanada, israel dan iran.

Question: can I withdraw funds to credit/debit card from XM account?

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.

Yes, you can withdraw funds from XM trading account to credit/debit card.

The main conditions are as follows:

The funds go back to the original card.

You can withdraw via card up to the total deposit amount.

Withdrawal via card is the priority. You can only withdraw funds with other methods after you have withdrawn funds via card.

In case, your card is expired or disabled for some reason, you may need to try other withdrawal methods.

For the available deposit and withdrawal methods, please refer to the page here.

Post tags

#card withdrawal

#conditions

#credit/debit card

#deposit

#how to withdraw

#methods

#options

#original card

#trading account

#withdrawal

#xmtrading

See the trading condition of this mega FX broker.

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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.

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.

Akses ke member area

Gunakan akun riil MT4/MT5 dan kata sandi untuk masuk pada login anggota.

Baru di XM?

Legal: situs ini dioperasikan oleh XM global limited dengan alamat terdaftar no. 5 cork street, kota belize, belize, CA.

Trading point holdings ltd adalah perusahaan induk dari trading point of financial instruments limited, XM global limited, trading point of financial instruments UK limited, trading point of financial instruments pty ltd dan trading point MENA limited.

Trading point of financial instruments limited diotorisasi dan diregulasi oleh komisi sekuritas dan bursa siprus (cysec) (nomor lisensi 120/10).
XM global limited diotorisasi dan diregulasi oleh komisi jasa keuangan internasional (IFSC) (nomor lisensi 000261/106).
Trading point of financial instruments UK limited is authorised and regulated by the financial conduct authority (FRN: 705428).
Trading point of financial instruments pty ltd diotorisasi dan diregulasi oleh komisi investasi dan sekuritas australia (AFSL 443670).
Trading point MENA limited diotorisasi dan diregulasi oleh otoritas jasa keuangan dubai (DFSA) (dibawah nomor F003484).

Peringatan resiko: trading forex dan CFD melibatkan risiko yang signifikan terhadap dana investasi anda. Mohon untuk membaca dan memastikan bahwa anda telah paham dengan pengungkapan risiko kami.

Wilayah terbatas: XM global limited tidak menyediakan layanan untuk warga negara di beberapa negara tertentu, seperti amerika serikat, kanada, israel dan iran.

Kami menggunakan cookies untuk memberikan anda pengalaman terbaik di website kami. Baca lebih lanjut atau ubah pengaturan cookie anda.

Peringatan resiko: modal anda berisiko. Produk dengan leverage mungkin tidak cocok untuk semua orang. Mohon pertimbangkan pengungkapan risiko kami.

Website ini menggunakan cookies

Dengan mengeklik “lanjutkan”, anda setuju dengan pengaturan awal cookie di website kami.

XM menggunakan cookies untuk memastikan bahwa kami memberikan anda pengalaman terbaik saat mengunjungi website kami. Beberapa cookies dibutuhkan untuk memberikan fitur-fitur esensial seperti sesi login, dan tidak bisa dinon-aktifkan. Cookies lainnya membantu kami meningkatkan performa website dan pengalaman anda melalui konten yang dipersonalisasi, memberikan fitur media sosial dan menganalisa traffic anda. Cookies seperti ini juga termasuk cookies pihak ketiga, yang mungkin merekam penggunaan website anda. Anda bisa mengubah pengaturan cookies kapanpun.

Pelajari lebih lanjut atau ubah pengaturan cookies. Anda

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Cookie adalah berkas data kecil. Ketika anda mengunjungi situs web, situs web ini mengirimkan cookie ke komputer anda. Komputer anda menyimpannya dalam berkas yang terletak di dalam browser web anda.

Cookie tidak mentransfer virus atau malware ke komputer anda. Karena data dalam cookie tidak berubah ketika ia bolak-balik, juga tidak memiliki cara untuk memengaruhi cara komputer anda berjalan, namun, mereka bertindak seperti log (yaitu merekam aktivitas pengguna dan mengingat informasi lengkap) dan mereka diperbarui setiap kali anda mengunjungi situs web.

Kami akan mendapat informasi tentang anda dengan mengakses cookies yang dikirimkan oleh situs kami. Beberap tipe cookies menulusuri beragam aktifitas. Sebagai contoh, session cookies digunakan ketika seseorang secara aktif menjelajah suatu situs. Seketika anda meninggalkan situs, session cookie akan hilang.

Apa gunanya cookies ?

Kami menggunakan cookie fungsional untuk menganalisis bagaimana pengunjung menggunakan situs web kami, serta melacak dan meningkatkan kinerja dan fungsi situs web kami. Ini memungkinkan kami untuk memberikan pengalaman pelanggan berkualitas tinggi yang dengan cepat mengidentifikasi dan memperbaiki masalah apa pun yang mungkin timbul. Misalnya, kami mungkin menggunakan cookie untuk melacak halaman situs web mana yang paling populer dan metode penautan mana di antara halaman situs web yang paling efektif. Ini juga membantu kami melacak, apakah anda dirujuk ke kami oleh situs web lain dan meningkatkan kampanye iklan kami di masa mendatang.

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Question: can I withdraw funds to credit/debit card from XM account?

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.

Yes, you can withdraw funds from XM trading account to credit/debit card.

The main conditions are as follows:

The funds go back to the original card.

You can withdraw via card up to the total deposit amount.

Withdrawal via card is the priority. You can only withdraw funds with other methods after you have withdrawn funds via card.

In case, your card is expired or disabled for some reason, you may need to try other withdrawal methods.

For the available deposit and withdrawal methods, please refer to the page here.

Post tags

#card withdrawal

#conditions

#credit/debit card

#deposit

#how to withdraw

#methods

#options

#original card

#trading account

#withdrawal

#xmtrading

See the trading condition of this mega FX broker.

Comments

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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.

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Risk warning

XM deposit and withdrawal methods in 2021

XM offers payment options for traders, such as:

VISA

VISA electron

Mastercard

Maestro

Diners club international

Unionpay

XM card

Skrill

Neteller

Web money

Bank wire

XM deposit methods

How to deposit the XM account? There are several XM deposit options:

XM credit/debit card

XM withdrawal review

XM credit cards and electronic payment

XM bank wire transfer

Many of the forex traders are trading in large amounts, and they prefer to make bank wire transfers to withdraw their profit.

XM fund safety

Forex trading without any deposit

Many people are interested in forex trading yet do not have the money to take the risk. However, it is still possible to get some experience in forex trading without making a deposit.

XM no deposit bonus

XM demo account

Xm global withdrawal

An impressive organisation putting their money into some big brand exposure activity, sponsoring the worlds fastest man, usain bolt. A lot of bonuses and competitions to take part in, making XM one of the highest recommended brokers on our list. Very friendly for new traders with an extensive education / learning section.

Sleek, modern appeal for the “new age” trader

I stumbled across XM forex trading by way of a banner advertising a million dollar forex trading competition. After visiting the website, I was impressed by the very modern feel, they look very much like a forex broker targeting the younger generation.

On their website they also proudly display their sponsorship of usain bolt which couldn’t have been cheap. I always take notice of companies that engage global superstars as brand ambassadors because the truth is, these types of relationships are very much controlled and dictated by the celebrity. A personality like usain bolt has a huge reputation to uphold, countless sponsorship offers and is a mega brand in itself so they would have taken great care in only selecting reputatble businesses to promote. Therefore, XM receives a big boost of credibility in my books.

Opening my account

Very straight forward. Enter details, confirm an e-mail, login and I was requested to upload ID documents through their website. All went smoothly. Within 24 hours, I had a call from my account manager who introduced herself and let me know that I can get in touch with her at any time for assistance. Within another 24 hours, my documents were all verified and I was ready to go.

The million dollar competition

In truth, I signed up so that I could take part in the million dollar trading challenge. Of course I must open an account at many brokers so that I can report here for this website.

The competition details can be found at www.Xm.Com/forex-world-championship/overview but in short, there are 10 rounds of play, each round lasting a calendar month. You start with $10,000 virtual currency and try to make it into the top 5. There are cash prizes for finishing in the top placings each month and the top 5 places gain entry into the semi finals. The winner of the grand final wins a cool $150,000. Not bad for a free game based on skill as well.

Newbie friendly

XM have done everything so well to attract what I would call “new age” traders (people in their 20’s, disposable income, looking for a challenging investment) and ensure that the biggest hurdle for any new trader, education, is covered from top to bottom. The market is tough to grasp so a lot of people need some guidance in understanding all those terms, the charts, the patterns, etc. Sure you can have random fun with a $100,000 demo account but at the end of the day, discplined trading follows a strategy and without anything to learn from, it makes it difficult to want to jump in to real money trading.

Traders of any level should feel extremely comfortable working through the extensive education section at XM.

Key benefits of trading with XM

Real-time market execution with no re-quotes and no rejection of orders

16 MT4- and MT5-based platforms for seamless trading operations

The same fair trading conditions for every client

Personal account managers in over 30 languages

Free trading signals in over 25 languages

Free live webinars in over 16 languages

Daily technical analysis and market reviews in multiple languages

Regular on-site seminars in various countries in the world

All XM bonuses and promotions are subject to terms and conditions, including different bonus amounts and limited availability in some countries. Please check the eligibility rules on the website for more information.

Deposit	bonus amount	bonus code
$0	$30	none required
up to $1000	up to $500	none required
up to $23,500	up to $5000	none required

**$30* no deposit bonus**

Open a new account with XM and receive $30 or the equivalent in your chosen currency without making a deposit. The money is automatically credited to your account. The bonus can’t be withdrawn but any profits you make can be withdrawn. An excellent way to get started trading real money without having to put up your own. Highly recommended.

**Up to $5,000* in deposit bonuses**

You can receive up to $5,000 (or your currency equivalent) in additional bonus funds through a 2 tier deposit bonus system. You will receive a 50% bonus on your deposit up to a maximum of $500, then 20% on any amount over to make up to another $4,500 in bonuses. In other words, if you deposited $5,000 you would receive:

50% bonus on your first $1,000 which would give you $500 bonus funds and reach the limit of the first tier

20% bonus on your remaining $4,000 which would give you $800 bonus funds

Your total account balance therefore would be $6,300 (your $5,000 deposit + $500 bonus + $800 bonus)

So this means to receive the maximum $5,000 bonus you would need to deposit $23,500 which is broken down as follows:

The first $1,000 gives you a 50% bonus which is $500

The remaining $22,500 gives you a 20% bonus which is $4,500

Together, the bonus amount is $5,000 on your deposit of $23,500

Our opinion is that this is the best value bonus available right now from the reputable brokers.

Loyalty reward points

You can earn loyalty points through every trade and convert them to bonus funds. Points can be earned from even the smallest micro lot transactions so this is a great way to build up additional credit as you trade.

This ensures that as a client of XM you are consistently rewarded for trading, regardless of whether you are winning or not.

XM regulation & licenses

Where is XM regulated?

XM is authorised and regulated in 3 countries: australia (ASIC), cyprus (cysec) and the united kingdon (FCA).

You can view the licenses: ASIC, FCA, cysec

With australia and the UK both having very strong reputations as stable, first world countries, you can be assured that your dealings with XM are safe and secure.

Furthermore, XM is registered in 10 european countries including germany, spain, italy and france.

Our opinion is that XM is undoubtedly one of the leading forex brokers in the global market.

Minimum & maximum deposits / withdrawals

XM deposits summary table

deposit method	minimum	maximum	fees
credit card, neteller, skrill	5 USD	varies by method	XM
bank wire	200 USD	varies by bank	sender pays bank wire fee

XM minimum deposit

The minimum deposit at XM is 5 USD or the equivalent in any other currency when depositing via credit card or electronic payment (neteller or skrill). All fees are covered by XM. If you are depositing by bank wire, the minimum is 200 USD or the equivalent in any other currency. Fees in this case are only covered on the receiver’s side. You will have to pay whatever your bank charges you for a wire transfer.

XM maximum deposit

The maximum deposit at XM will generally be limited by your deposit source. Bank transfers are the best option if you wish to deposit a large sum of money for your trading account.

Please note that deposits can only be made from account in the same name as your trading account.

Paypal does not appear to be an option for depositing at XM.

XM withdrawals summary table

withdrawal method	minimum	maximum	fees
credit card, neteller, skrill	5 USD	varies by method	XM
bank wire	200 USD	varies by bank	XM pays bank wire fee

XM withdrawals

The minimum withdrawal methods and amounts are exactly the same as deposits. Once again, XM cover fees and do not charge any fees for withdrawals. This is why we believe that XM are one of the best forex brokers.

XM bad reviews

Is XM a scam?

Our verdict is NO. We found that XM representitives were very prompt in replying to all claims made through popular online forex forums. The result of most cases involved customer fraud – people opening multiple accounts, claiming multiple bonuses or not understanding the terms and conditions of trading. We also saw some cases where XM appeared to be at fault, but they were all resolved properly by XM.

We are satisfied that XM handles complaints efficiently. There are no obligations for any forex broker to participate in 3rd party forums but XM make an effort to be available and that’s a very big positive.

What is trust score?

This is a rating out of 100 which we calculate for each broker based on a combination of factors, all of which you will find below on the scorecard.

Every broker starts with a base score of 100 and we subtract points according to what criteria they match in each category.

Whilst trust score provides a good insight into the broker’s reputation, our overall rankings are based off our own thorough reviews plus the user reviews. Therefore, brokers with a high trust score aren’t always guaranteed to be ranked at the top.

XM scorecard – 99 / 100

Major sponsorships: the fastest man on the planet, usain bolt is sponsored by XM. This provides a large credibility boost for this broker as usain bolt would only be associating himself with brands that can further enhance his reputation.

So, let's see, what was the most valuable thing of this article: trader since 2007. Currently work for several prop trading companies. At xm global withdrawal