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XM’s withdrawal process for their 4 live trading accounts is relatively easy. Withdrawing funds could take up to 2-5 business days depending on the payment method chosen.
XM Withdrawal Process – 5 key points quick overview:
Min Deposit
USD 5
Regulators
FSC, DFSA, CySEC, ASIC
Trading Platform
MT4, MT5, XM App
Crypto
Yes *
*Cryptocurrencies are not available on all regulated entities.
Total Pairs
55
Islamic Account
Yes
Trading Fees
No
Account Activation
24 Hours
How to Withdraw Funds Step by Step
Traders who want to withdraw funds from their XM trading account can follow the following few steps:
Step 1 – Log in to your XM account.
First, enter your username and password to access your XM account.
Step 2 – Click on the “Withdrawal” button.
Navigate to the “Members Area” and select the “Withdrawal” button.
Step 3 – Choose the withdrawal method.
You can request a withdrawal using any available options, such as a bank wire, acredit card, or an electronic wallet.
Step 4 – Enter your banking details.
Click the “Submit” button to verify the withdrawal request.
Detailed Withdrawal Information for Traders
Once you have completed the steps to request a withdrawal, XM will process your withdrawal request within 24 hours. Then, the funds will be transferred to your bank account or e-wallet, depending on your chosen withdrawal method.
However, please note that the processing time for bank wire transfers may take longer, depending on your bank and country.
📜 Payment Method | 📈 Deposit Currencies | 👛 Deposit Processing | 💰 Withdrawal Processing |
Credit Card | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | Instant | 2 to 5 working days |
Debit Card | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | Instant | 2 to 5 working days |
Bank Wire Transfer | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | 1 working day | 3 to 5 working days |
Local Bank Transfer | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | 1 working day | 3 to 5 working days |
Skrill | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | Instant | 1 working day |
Neteller | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | Instant | 1 working day |
WebMoney | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | Instant | 1 working day |
Fund Withdrawal Terms and Conditions
- Withdrawals can only be made to accounts in the same name as the trading account holder to prevent fraud and ensure the security of clients’ funds.
- Processing time for withdrawals on XM may take longer during busy periods, such as public holidays or high trading volume.
- The minimum withdrawal amount on XM depends on the withdrawal method chosen, but it is typically $5 or equivalent.
- XM does not charge fees for the first five withdrawals in a calendar month, but some withdrawal methods may have fees imposed by the payment provider.
- Clients may need to provide additional documentation to verify their identity before a withdrawal can be processed to comply with anti-money laundering regulations.
- Withdrawals will be processed up to the amount of the original funds deposited, with any profits earned from trading available for withdrawal separately later.
Pros and Cons
✔️ Pros | ❌ Cons |
Fast processing time (within 24 hours) | Longer processing time for bank wire transfers |
Multiple withdrawal options (bank transfer, e-wallets) | Some withdrawal methods may have fees |
Secure and reliable process | Withdrawals can only be made to the same name account |
Funds can be withdrawn up to the deposited amount | Clients may need to provide additional documentation |
No withdrawal fees for the first five withdrawals | Withdrawals may take longer during busy periods |
Min Deposit
USD 5
Regulators
FSC, DFSA, CySEC, ASIC
Trading Platform
MT4, MT5, XM App
Crypto
Yes *
*Cryptocurrencies are not available on all regulated entities.
Total Pairs
55
Islamic Account
Yes
Trading Fees
No
Account Activation
24 Hours
FAQ’s
What are the withdrawal options available on XM?
XM offers multiple withdrawal options, including bank transfer, credit card, and e-wallets such as Skrill.
Is there a fee for withdrawing funds from XM?
XM does not charge fees for the first five withdrawals in a calendar month. However, some withdrawal methods may have fees imposed by the payment provider.
How long does it take to process a withdrawal on XM?
XM processes withdrawals within 24 hours. However, bank wire transfers may take longer depending on the client’s bank and country.
What is the minimum withdrawal amount on XM?
The minimum withdrawal amount on XM depends on the withdrawal method chosen, but it is typically $5 or equivalent.
Can I withdraw profits on XM separately from my original funds?
Yes, any profits earned from trading on XM can be withdrawn separately from the original deposited funds once the deposited funds have been withdrawn up to the deposited amount.
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct when going live.
Louis Schoeman
Featured Forex and Stocks writer
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