How long does it take to receive the withdrawal funds.
XM will complete the withdrawal procedure within 24 hours after your request. The time required until you receive the funds will be dependent of the ways. It willl be; 1 week to 1 month by the credit card/debit card, 2 to 5 working days by bank transfer after the XM's withdrawal procedure.
When I use multiple ways of deposit, which way should I choose for withdrawal?
XM sets up the priority order of withdrawal when the client deposit through multiple ways of deposit. The priority order of withdrawal is credit card/debit card> Online wallet (Skrill)> bank transfer. Please be guided accordingly.
2021.08.12
My credit card has already been debited, how do you deal with the withdrawal in this case?
Your withdrawal claim by credit card/debit card will be dealt as cancellation of your deposit by cards. If we have debited your card account in the bank, it will be dealt as we offset the amount you owe us or we pay the amount to your bank account.
2021.08.12
If I use multiple credit cards for the deposit, how should I claim the funds for withdrawal?
When you use multiple cards, the funds should be withdrawal to the latest credit card/debit card you use. After you log in to the Member area, click the 'Withdraw Funds' and choose the way you want to be withdrawal. However you cannot specify the card you wish to be withdrawal when you ask for your funds.
2021.08.12
Even if the credit card/debit card you use for the deposit expires, cancelled or lost, XM withdrawal your funds to the same card account you use for deposit. XM uses the information registered with the card issuer.
2021.08.12
FAQs
How long does it take for XM to process withdrawal? ›
XM's procedure and time to show funds arrival after withdrawal claim. Your withdrawal request is processed by our back office within 24 hours. You will receive your money on the same day for payments made via e-wallet, while for payments by bank wire or credit/debit card it usually takes 2 - 5 business days.
What are the conditions for withdrawal of trading bonus XM? ›Profits from trading on No Deposit Trading Bonus Accounts may be withdrawn anytime, provided that the trading volume in the relevant real trading Account reaches at least 10 micro lots ( 0,1 standard lots ), and provided that at least 5 round turn trades have been completed.
Why did XM reject my withdrawal? ›One of the most common reasons for XM rejecting a withdrawal is an insufficient account balance. This can occur if the funds in your XM account are not sufficient to cover the requested withdrawal amount, including any applicable fees.
What is the XM withdrawal limit? ›How much can you withdraw from XM? There is no withdrawal limit, providing you have satisfied any bonus program trading commitments. The minimum withdrawal amount is US$5, but withdrawals for less than US$200 or its equivalent may be subject to a fee if using a bank transfer.
How long does a processed withdrawal take? ›A withdrawal request takes up to 2 working day to reflect in your bank account.
Why do I have a pending withdrawal? ›Until your transfer clears and the funds appear in your bank account, you'll see a pending withdrawal status. You're due a cash payment to your account, but the service fee is still processing.
How do you cash out in XM? ›- Log in to your XM account.
- Navigate to the Withdrawal section.
- Select "Bank Transfer" as the withdrawal method.
- Enter the amount you wish to withdraw.
- Provide your bank account details, including the account holder's name, account number, and SWIFT/BIC code.
XM's new account opening bonus is solely for the purpose of trade, so you cannot withdraw the bonus funds. However the profit you earn from the trade on the bonus can be withdrawn.
What is the 5000 bonus on XM trading? ›Any type of account is eligible. Deposits of as little $5 for any account type are eligible. You can boost your starting capital by up to $5000. Available in addition to XM's $30 No Deposit Bonus.
Is XM a bad broker? ›Safety. XM is a legit brokerage. It is regulated by three financial authorities globally through its parent company, including the top-tier ASIC. It is a well-established brand but is not listed on any exchange and does not disclose financial information.
Why is my withdrawal rejected? ›
Withdrawal requests can be rejected due to the following reasons: Funds from trades are yet to be settled. The funds from equity and F&O trades are not settled instantly. Exchanges require T+1 day to settle funds from selling equities, and F&O trades to the Zerodha account before they can be withdrawn.
How long does XM verification take? ›Standard Timeframe
In most cases, the XM verification process can take between 3 to 7 business days. This timeframe accounts for the typical processing time, the need for additional information or clarification, and the overall workload of the financial institution.
XM charges $0 for basic withdrawals, but some methods may cost more. Read our full review of XM for detailed funding and trading conditions.
How do you take profit on XM? ›Stop loss / Take Profit Values
Select your base currency, the currency pair you are trading on, your trade size in lots and account type. Set the opening price and your stop loss and take profit values. The amount of each pip movement worth in a trade can vary based on the instrument traded.
Use of Expert Advisors and/or any other form of automated trading including but not limited to any trading signals, scalping, arbitrage techniques and news trading is not allowed in any account that is participating in this “Bonus Scheme”.
How long does it take for unsettled funds to be withdrawable? ›Funds from sold stock take one full business day to settle before they can be withdrawn. For Example: If you were to sell stock on Friday, the trade would settle on Monday.
How long does electronic withdrawal take? ›ACH withdrawal: pros and cons
If you want to transfer money electronically within the U.S., ACH transactions are secure, fast, and convenient, and they have very few limitations: ACH payments aren't always available for international transfers. Standard ACH payments take 2–5 business days to clear.