How to deposit money on xm broker

Besides the desktop version of MT4, there is also a neat web based alternative (no trading bots though).

No deposit forex bonuses

XM: Login, minimum deposit, withdrawal time, how to deposit money on xm broker.

Get direct access to MT4 on virtually any device (mobile or tablet) operating with an android or ios operating system. 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.

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.

Question: how to make a deposit to XM's trading accounts?

How to deposit via credit/debit card to XM trading 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.

How to make a deposit to XM’s MT4 and MT5 accounts?
1. Login to the XM’s “members area”
2. Select the deposit method “credit/debit cards”
3. Type in the deposit amount
4. Confirm the account number and deposit amount
5. Type in credit/debit card information in secured page

Questions and answers about deposit and withdrawal with XM
1. What fund deposit and withdrawal methods are available with XM?
2. In which currency can I deposit funds to XM’s accounts?
3. What is the required minimum deposit amount to XM’s trading accounts?
4. Can I withdraw funds via credit/debit cards more than I have deposited?
5. Can I withdraw my money from XM whenever I want?
6. Can I withdraw my money from XM if I have an open position?
7. How long does it take to transfer funds via bank wire transfer?
8. How long does it take to withdraw funds from XM’s accounts?
9. How long does it take to deposit and withdraw funds via credit card, e-wallet or any other payment method?
10. How much is the fee to deposit and withdraw funds?
11. Can I deposit by e-wallets (online wallets) and withdraw money via credit/debit cards?
12. Can I transfer money to another person’s trading account?
13. Can I deposit to/withdraw from my friend’s/relative’s account?
14. Can I withdraw profits and bonus made in the bonus account?
15. Can I transfer money in my account to another account of XM?
16. What will happen to the bonus if I use internal transfer?
17. I used more than one deposit option, how can I withdraw now?

How to make a deposit to XM’s MT4 and MT5 accounts?

To XM’s trading accounts, there are various ways to make a deposit.

For the list of XM’s all fund deposit and withdrawal methods, visit the page here.

Or you can also login to XM’s members are to find out which funding options are available for your region.

In this article, we will show you how to make a deposit to XM’s trading accounts by using credit or debit card.

To make a deposit into XM’s trading account, please follow the instruction below.

2. Select the deposit method “credit/debit cards”

3. Type in the deposit amount

4. Confirm the account number and deposit amount

5. Type in credit/debit card information in secured page

The deposit amount will be instantly reflected into your trading account.

Are you having trouble with deposit to XM MT4 or MT5?

Contact their support team on livechat. They are available for 24/7.

How XM keeps clients’ funds in the safe place? Visit the page here to find out more about the security of funds.

Questions and answers about deposit and withdrawal with XM

Fund management is always a delicate matter, and you are recommended to always know the rules of fund deposit and withdrawal with XM.

In case you have any questions about the fund management with XM, you should contact XM’s support team.

We have also picked up some of the popular and frequently asked questions below.

1. What fund deposit and withdrawal methods are available with XM?

XM offers a wide range of payment options for deposits/withdrawals: by multiple credit cards, multiple electronic payment methods, bank wire transfer, local bank transfer and other payment methods.

As soon as you open a trading account, you can log in to XM’s members area, select a payment method of your preference on the deposits/withdrawal pages, and follow the instructions given.

Visit the page here to see the list of all available fund deposit and withdrawal methods for XM’s trading accounts.

Note that the number of available fund deposit and withdrawal methods maybe limited for traders in certain countries.

To see the whole list of available funding options, please login to XM’s members area.

2. In which currency can I deposit funds to XM’s accounts?

You can deposit money in any currency of your preference, which will get automatically converted into the base currency of your trading account.

The conversion of currencies will be made by XM’s banks or the payment service providers.

To avoid any exchange fees, you are recommended to open your trading accounts in your local currency.

With XM, you can open live trading accounts with the following base currencies: USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD, ZAR.

Note that the number of available account’s base currencies maybe limited depending on the account type and the country residence.

Visit the page here for the comparison of XM’s all trading account types.

3. What is the required minimum deposit amount to XM’s trading accounts?

The minimum deposit/withdrawal amount is 5 USD (or equivalent denomination) for multiple payment methods supported in all countries.

However, the amount varies according to the payment method you choose and your trading account validation status.

You can read more details about the deposit and withdrawal process in the members area.

For some payment methods, there can be certain cost of money transfer, thus you may consider the involved costs before making any fund transfers.

4. Can I withdraw funds via credit/debit cards more than I have deposited?

Since XM can only transfer the same amount back to your card as the amount you have deposited, profits can be transferred to your bank account via wire transfer.

If your credit/debit card is disabled due to it’s expired or stolen, then XM may send back the funds to your bank directly.

This rule applies to many of other funding options.

For more information, please login to XM’s members area from XM official website.

5. Can I withdraw my money from XM whenever I want?

Yes, you can withdraw your funds whenever you want to, as long as your trading account is validated.

In order to withdraw funds, your trading account must be validated.

This means that first you need to upload your documents in our members area: proof of identity (ID, passport, driving license) and proof of residency (utility bill, telephone/internet/TV bill or bank statement), which include your address and your name and can’t be older than 6 months.

Once you receive confirmation from XM’s validation department that your account has been validated, you can request the funds withdrawal by logging in to the members area, selecting the withdrawal tab and sending us a withdrawal request.

It is only possible to send your withdrawal back to the original source of deposit.

All withdrawals are processed by XM’s back office within 24 hours on business days.

For more information about the required documents to complete the account verification, visit the page here.

6. Can I withdraw my money from XM if I have an open position?

Yes, you can. However, to ensure the safety of XM’s clients’ trades the following restrictions apply:

Requests which would cause the margin level to drop below 150% will not be accepted from monday 01:00 to friday 23:50 GMT+2 (DST applies).

Requests which could cause the margin level to drop below 400% will not be accepted during weekends, from friday 23:50 to monday 01:00 GMT+2 (DST applies).

When requesting for fund withdrawals, make sure that you will have enough margins to support your open positions.

If the margin level reaches certain low level, stop out (liquidation) gets triggered and all open positions will be forcefully closed at the last available market price.

7. How long does it take to transfer funds via bank wire transfer?

It depends on the country the money is sent to.

Standard bank wire within the EU takes 3 working days.

Bank wires to some countries may take up to 5 working days.

If your funds haven’t arrived for more than 5 business days, you may contact your bank to track the status of your money transfer.

The bank wire transfer could take longer in case the information you have put is incorrect.

8. How long does it take to withdraw funds from XM’s accounts?

Your withdrawal request is processed by XM’s 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.

In case XM’s bank office cannot process your fund withdrawals, they will contact you regarding to the issue.

In case you haven’t received your funds for certain days after the fund withdrawal is completed, you may need to contact your banks or payment service providers to track the money transfer.

9. How long does it take to deposit and withdraw funds via credit card, e-wallet or any other payment method?

All deposits are instant, except for the bank wire transfer.

All withdrawals are processed by XM’s back office in 24 hours on business days.

In case you haven’t received your funds after the fund withdrawal is completed, you may need to contact your banks or payment service providers to track the money transfer.

In case of fund withdrawal via credit and debit cards, the process could sometimes take more than a week by the card companies.

10. How much is the fee to deposit and withdraw funds?

XM does not charge any fees for all deposit/withdrawal options.

For instance, if you deposit 100 EUR by ewallet and then withdraw 100 EUR, you will see the full amount of 100 EUR in your ewallet account, as XM covers all transaction fees for you both ways.

This also applies to all credit/debit card deposits.

For deposits/withdrawals via bank wire transfer, xmtrading covers all transfer fees imposed by our banks, except for deposits amounting to less than 200 EUR (or equivalent denomination).

11. Can I deposit by e-wallets (online wallets) and withdraw money via credit/debit cards?

To protect all parties against fraud and in compliance with the applicable laws and regulations for the prevention and suppression of money laundering, XM company’s policy is to return clients’ funds to the origin of these funds, and as such the withdrawal will be returned to your e-wallet account.

This applies to all withdrawal methods, and the withdrawal has to go back to the source of the funds deposit.

In case you have made deposits via multiple methods, then please contact XM support to team to clarify the methods available for fund withdrawals.

12. Can I transfer money to another person’s trading account?

It is forbidden to transfer funds between different clients’ accounts and involve any third parties.

You can also make deposits only to your trading accounts, but not to any other person’s accounts.

No third parties can make deposits on behalf of you, to your trading accounts either.

If you have opened multiple trading accounts under your profile, then you can transfer funds between these live trading accounts internally in XM’s members area.

13. Can I deposit to/withdraw from my friend’s/relative’s account?

As XM is a regulated company, XM does not accept deposits/withdrawals made by third parties.

Your deposit can only be made from your own account, and the withdrawal has to go back to the source where the deposit was made.

This rule applies to any other online forex and CFD brokers which are regulated by certain financial authorities.

14. Can I withdraw profits and bonus made in the bonus account?

The bonus is for trading purposes only, and cannot be withdrawn.

XM offers you the bonus amount to help you open larger positions and allow you to hold your positions open for a longer period.

All profits made with the bonus can be withdrawn at any time.

XM does not have the maximum limitation to the amount of profits you can withdraw from live trading accounts.

Note that for profits made in XM’s $30 no deposit bonus account, there are certain trading requirement.

For more information and full condition of XM’s $30 no deposit bonus promotion, visit the page here.

15. Can I transfer money in my account to another account of XM?

You can request an internal transfer between two trading accounts, but only if both accounts have been opened under your name and if both trading accounts have been validated.

If the base currency is different, the amount will be converted.

Internal transfer can be requested in the members area, and it is instantly processed.

16. What will happen to the bonus if I use internal transfer?

In this case the bonus will be credited proportionally.

The example of how the bonus will be transferred to other accounts

17. I used more than one deposit option, how can I withdraw now?

If one of your deposit methods has been a credit/debit card, you always need to request withdrawal up to the deposit amount, as a prior to any other withdrawal method.

Only in case that amount deposited via credit/debit card is fully refunded back to source, you may select another withdrawal method, according to your other deposits.

Post tags

#CC deposit

#credit/debit card

#deposit method

#instantly

#manual

#members area

#metatrader4

#MT4

#trading account

#xemarkets

#xmtrading

See the trading condition of this mega FX broker.

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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 minimum deposit

All reviews and top lists updated for 2021. Check out the annual brokerchooser awards.

XM minimum deposit amount

The minimum deposit at XM is $5.

Check the following comparison table to see how XM stacks up against similar brokers when it comes to minimum deposits:

XM minimum deposit vs. Similar brokers

XM	XTB	etoro
minimum deposit	$5	$0	$200

Besides the XM minimum deposit for standard and micro accounts, there is a $100 minimum for XM zero accounts and $50 for XM ultra low accounts.

The minimum deposit means that you will first need to transfer this amount to your brokerage account from your bank account in order to start trading. It is sometimes called an initial deposit or funding.

Beyond the required minimum deposit, there are a couple of other factors to consider when you are about to open an account at XM. Here are the main pros and cons when it comes to depositing at XM:

Pros	cons
• credit/debit card deposit	none
• no deposit fee
• several account base currencies

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78.04% of retail CFD accounts lose money

Why does XM require a minimum deposit?
Online brokers sometimes require a minimum deposit in order to cover their initial costs associated with creating a new account and to ensure their profitability. The higher the amount you deposited, the higher the chance for you to trade more and generate bigger profits for the broker.

In some cases, the very high minimum deposit (like the £1 million amount at the VIP account of saxo bank) is there to differentiate the level of services they offer you.

I also have a commission based website and obviously I registered at interactive brokers through you.

Especially the easy to understand fees table was great!

XM minimum deposit
XM deposit fees and deposit methods

XM does not charge a deposit fee. This is great because the broker won't deduct anything from your deposits and you only have to calculate with the costs charged by the bank / third-party you send the money with. If you want to know more about XM fees, check out the fee chapter of our XM review.

While there is no deposit fee at XM, the available deposit methods are also important for you. See how XM deposit methods compare with similar online brokers:

XM deposit methods vs. Similar brokers

XM	XTB	etoro
bank transfer	yes	yes	yes
credit/debit card	yes	yes	yes
electronic wallets	yes	yes	yes

The average transfer times for the different methods are:

Wire transfer: 2-3 days

Credit / debit card and online wallets: instant or a few hours

A minor issue with depositing money to XM is that based on our experience it's not user-friendly compared to similar brokers. This means either that the interface is not user-friendly or that figuring out where and how you have to make the transfer is a bit complicated.

The interface to send the minimum deposit to XM

Find out more about depositing to XM on their official website:

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78.04% of retail CFD accounts lose money

XM minimum deposit
deposit currencies

Each trading account has a base currency, which means that the broker will hold your deposited money in that currency. At some brokers, you can also have more trading accounts with different base currencies. For example, at IG, it is possible to have both EUR and USD-based accounts.

Why does this matter? A currency conversion fee will be charged if you deposit in a different currency than the base currency of the target trading account. It's likely not a big deal but something you should be aware of.

Some online brokers offer trading accounts only in the major currencies (i.E. USD, GBP, EUR and sometimes JPY) and some support a lot more than that.

XM trading account currencies vs. Similar brokers

XM	XTB	etoro
number of base currencies	11	5	1

Luckily, XM stands out from the majority of online brokers by supporting not only the main currencies but some smaller ones as well. The benefit of this for you is that XM is very likely to support the currency you want to deposit in and won't have to convert it. The conversion would mean extra costs, as a conversion fee is charged.

A convenient way to save on the currency conversion fee if you wish to fund your brokerage account from a currency different from your existing bank account can be to open a multi-currency digital bank account. At revolut or transferwise the account opening only takes a few minutes after which you can upload your existing currency into your new account, exchange it in-app at great rates, then deposit it into your brokerage account for free or cheap.

Want to stay in the loop?

XM minimum deposit
steps of sending the minimum deposit

The specific process of sending your minimum deposit to XM might vary slightly from the following, but generally the process involves the following steps:

Step 1: open your broker account

At most brokers, you can open your trading account online. To open an account, you have to provide your personal details, like your date of birth or employment status, and there is also usually a test about your financial knowledge. The last step of the account opening is the verification of your identity and residency. For this verification you usually have to upload a copy of your ID card and a document that validates your proof of residence, for example, a bank statement.

If you don't know which broker is suitable for you, use our broker selector tool.

Step 2: make the deposit

First you have to sign in to your already opened trading account and find the depositing interface. After this, you select one of the deposit methods the broker supports, enter the deposit amount and make the deposit.

The deposit methods can be one or more of the following:

Bank transfer (sometimes called wire transfer): you have to add your bank account number in the deposit interface. The bank account has to be in your name. After this, you need to start a bank transfer from your bank. The broker will give you a reference number that you'll have to enter as a comment in your transaction. This will allow them to identify your deposit.

Credit or debit cards: just as with a normal online purchase, you are required to enter the regular card details. However, unlike any other online purchase, it's required to use a card that's in your name. In some cases, like with IC markets, you'll also need to verify your card by scanning it and sending it to the broker. This is yet another anti-money laundering measure on their end. Card payment is usually the preferred and most convenient way of depositing. On the other hand, some brokers define a cap for card deposits, so for a larger amount you might have to use the bank transfer.

Online wallets like paypal, skrill, neteller, etc.: it works just like any other online purchase. The interface of the wallet will pop up where you'll have to enter your credentials (username and password) and carry out your transaction.

Step 3: review your transaction

Depending on the method you chose, it might take a couple of days for your deposit to show up on your brokerage account. When it happens, the brokers usually send you an email to confirm the receipt of the deposit.

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How to fund your XM trader account with safaricom-mpesa in kenya

XM broker is one of the oldest forex brokers in the kenyan financial market. It was founded in 2009 and it has since grown to be a globally recognized brand with millions of traders registered in over 196 countries.

Demo account

:regulated

:MT4 integration

:supports all devices

:fast payouts

:instant deposits

The platform offers 1,000+ trading instruments spread across 6 financial assets: – forex, indices, commodities, stocks, metals, and energies.

And, it also features spreads as low as 0.6 pips, leverage as high as 888:1 with up to $5,000 bonus.

Other benefits in XM forex include: –

Personal account managers for account holders.

Free access to forex market research.

Free access to daily forex webinars.

Unlimited access to video tutorials.

Daily access to forex trading signals.

16 platforms to choose from. Any device, anywhere.

Free daily technical analysis.

Daily forex market outlook.

24/5 hour live help.

Enjoy exclusive offers in kenya with joon online & XM forex.

Get whatsapp updates of free educational seminars – register here.

Watch nairobi, kempinski seminar here .

Get free VPS services for seamless trading.

50% deposit bonus of up to $500 or currency equivalent.

How to trade with XM forex in kenya.

Trading is easy. At least if in the past you have tried exchanging one currency for another with the aim of making profits.

But if this is your first time reading about forex, then perhaps I’ll excuse you more time to learn before I can advise you to trade.

Or better, take some time and go through the steps involved in forex trading as outlined in the guide below.

Step 1 – define currency pairs.

Do you know the difference between the base and quote currency in currency pairs?

As money control puts it, the first currency in the pair is the base currency.

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The base currency is the currency against which exchange rates are quoted in a given country. Examples: USD/JPY, the US dollar is the base currency; in EUR/USD, the EURO is the base currency.

Quote currency on the other hand is the second currency in a currency pair.

It is the currency you are paying with.

For example, in the EUR/USD pair; the quote currency is the USD.

Note: – the base currency is always equal to one unit. And the price of a currency pair determines how much of the quote currency is needed to buy 1 base currency.

Example: – if a currency pair (EUR/USD) has a bid price for 1.04372, it means you will buy USD 1.04372 for every EUR you sell.

Step 2 – when is the best time to buy or sell a currency?

You should buy a currency if you believe the base currency will become more expensive.

Demo account

:regulated

:MT4 integration

:supports all devices

:fast payouts

:instant deposits

On the flip side, you should sell that currency pair if you think the price of the currency will fall.

Trading with metatrader 5 android mobile app.

Trading with XM forex is easy. After creating an account and validating it, the next step is to download either an MT4 (metatrader 4) or a metatrader 5 (MT5) trading software.

These are electronic trading platforms widely used by traders – globally. While MT4 is popularly used, its successor MT5 is better and this is why: –

MT5 is a multi-asset platform for over 1000 instruments.

You can view 100 charts simultaneously in MT5.

MT5 supports all order types, including market, pending, stop orders, and trailing stop.

Has over 80 technical indicators and over 40 analytical objects.

You can use it to trade on android & IOS phones.

Allows web trading for windows, mac, linux operating systems.

How to trade in XM with metatrader 5 android mobile app.

First, you need to login to your XM trader account or register here if you are new to trading. You can either register for a demo or a real account .

Next, download the MT5 trading software in play store and add your XM trading account by clicking on the plus sign on the menu bar.

Now that you are logged in to your metatrader 5 account for android, start trading.

To open the list of pairs available to trade, click on the two arrows at the bottom left in your trading app. Or click on the menu and select t the quotes tab to open the list.

Now click on your currency pair of choice then on new order to access the trade execution options (BUY or SELL),

Trading on a real XM trader account.

In order to trade on a real account and make real profits in XM forex, you’ll first need to validate your account then fund it. If you are in kenya, there are only two viable ways to verify/validate your forex account: –

By uploading your bank statements – should have your residential address in it.

By uploading your utility bills (water/electricity bills).

Knowing our country, I wouldn’t put too much emphases on uploading utility bills. The majority of kenyans are on prepaid subscriptions. Rather, I will show you how to validate your forex account with bank statements or KRA receipt in place of bills.

How to validate your XM forex account with KRA PIN/ID card.

Print either of the receipts that resonate with your recent KRA activities or apply for a tax compliance certificate.

Download the acknowledgment receipt sent to your email address.

Login to your XM account, click on the arrow next to your name, navigate to upload documents, scan and upload national ID. That’s it.

How to fund your XM broker account with safaricom – mpesa.

To deposit money to your XM account with mpesa,

Click on the quick deposit button on top of your trading chart.

You can fund XM with VISA, mastercard, skrill, neteller, astropay, bitcoin, webmoney, and dusupay. But for the purpose of this blog, click on dusupay.

Scroll down to the mobile payment method and click on safaricom mpesa.

Enter your phone number and the amount you wish to deposit (in your base currency).

Confirm that you want to fund XM forex via dusupay.

You will see this message on your computer –

Payment pending.

If you have followed the steps correctly, your account will be credited soon.

8. Check your phone for push notification from dusupay and enter your mpesa pin to complete the transaction.

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

XM forex review

A group of companies providing brokerage services around the world, XM group is a regulated project licensed by the australian, belize (IFCS) and cyprus (cysec) financial services commissions.

The head office of the broker is registered in cyprus. The start of operations dates back to 2009. After ten years, XM group has gained popularity as a forex broker with reliable protection and an extensive range of services for clients with any requests.

XM group is involved in various initiatives as part of its charity work. The broker also makes valuable donations. The corporation has made significant contributions in areas such as health, education, research and innovation, environmental protection and international aid (charitable foundations).

There is a whole section on the site with educational material. Weekly live broadcasts are also available there. Besides, traders can attend free seminars conducted by forex brokerage staff. A detailed schedule of events can be found on the company's website.

The interface of the XM website and platforms is intuitive and convenient. Several european and asian languages are supported, which makes the site non-localized. There are also partner programs on favourable terms.

Customer support is available 24 hours a day in more than 25 languages. This project serves citizens of 196 countries (the list does not include the USA, canada, iran and israel).

Registration and verification

A demo account is available for novice speculators on the platform. Using it, you will be able to get accustomed to a new area for yourself without risk of losing your capital. The funds involved are fake, but all operations are carried out in real-time with the display of real market trends. There is a limit on demo accounts - no more than five units per user.

To register a demo account, you need to fill in personal information fields in a particular form: your first and last name, city and country, contact phone number and email address. There is a language selection function, which is quite convenient.

You also fill in a form with information about the account itself. You need to specify:

The type of platform and account you have chosen;

The form is completed by the "agreement" with the newsletter from the official website.

If you are a confident player with experience in speculating in various markets, you will need to register a real account to operate on XM group. The procedure takes place in two stages.

The first stage almost entirely coincides with the demo version. However, there is already a more extensive choice of accounts for you.

The second stage involves uploading scans or photo documents that confirm your identity and place of residence (checks for the commune will fit no older than six months).

It takes several days to verify the data. The user can open several additional profiles.

6 asset classes - 16 trading platforms - over 1000 instruments.
Trade forex, individual stocks, commodities, precious metals, energies and equity indices at XM.

How to deposit money to the balance?

You can deposit money to your balance by bank transfer, credit and debit cards mastercard and visa. Almost all known payment systems, including neteller, skrill and webmoney, are also supported. The minimum deposit amount is only 5 USD. There is a bonus program for each new player, which is equal to 30% of the deposit. XM group has no commissions for any type of deposit. The payment system of your choice can charge them.

Trade features

XM broker has an essential toolkit (over 1,000) for a trader with any trading preferences. Xm.Com has a standard set of profitable markets. All offers can be found in the "trading" section. From one platform, a speculator can sell and buy cfds on indices, forex, stock groups, commodities, energy and precious metals.

The company provides several platforms to choose from. All of them have full functionality of web version for PC. Each of them is adapted to the gadget, which is most convenient for the client to participate in trading. This version is both for tablets and smartphones with different operating systems, as well as multiterminal MT4.

The broker supports more than 55 currency pairs in different fiat combinations. Forex is open 24/5. In the CFD market, you can trade for indices of the economies of the leading countries of asia, europe, north america and scandinavia. Try also to consume different raw materials (coffee, cotton), precious metals (silver, gold) and energy carriers (oil, natural gas).

The site provides margin trading services with flexible leverage from 1:1 to 888:1. Its value differs for different account types. However, it always remains the same regardless of the time of closing (day or night).

A trader is also entitled to request an increase or decrease in the leverage attached to his chosen account. This feature attracts clients to XM group. After all, it allows you to open trades for amounts exceeding your balance.

Ways to withdraw funds

To withdraw money from the balance, you can use the method you made the deposit. In particular, the time of withdrawal depends on it. But on average, the procedure takes no more than 1-3 days. Some users leave negative feedback about the speed and quality of the withdrawal on the site, but it happens only with the first transactions.

The company pays all commission costs for withdrawal if those do not exceed 200 USD or the equivalent amount in another currency. The minimum withdrawal amount is 5 USD. Transaction requests are processed 24 hours a day (but only on weekdays) by the specialised department employees. The site does not provide for internal transfer of assets (with some exceptions). That means that you will not be able to transfer your money to the account of another XM broker client.

XM group brokerage fees

For all types of accounts, except shares, there are no added commissions for trading. Some functions, such as rollover (rollover of an open position from day to night), provide a broker's margin from 0.5% to 1.5%. The interest will differ from country to country on the short and long positions of the rate. Users note that XM broker is a democratic platform in terms of additional fees.

Security and verification

As a regulated company, XM group operates according to several rules and requirements of the regulator, primarily following the customer verification procedure. This procedure eliminates the anonymity of transactions, but in most cases prevents fraudulent activities. Also, the withdrawal of money occurs only after consideration of the application by the administration. Client assets are kept separately from the company's funds. Reliable european banks are used for storage.

Advantages and disadvantages of XM

XM broker has repeatedly received awards for providing financial services around the world. He has also been featured in reviews of renowned specialists and prestigious european publications.

Among the main advantages of the site are the following:

User-friendly interface with support for more than 25 languages;

Availability of extensive trading tools;

Demo-version for beginners;

16 platforms, each of which can be traded on all markets simultaneously;

Mobile application for ios and android;

Cash bonuses and contests;

A large number of ways to transfer funds.

But XM group also has some disadvantages:

Time limits (after the trading time in your region, open orders are transferred to the next working day, and these are additional commissions and, quite possibly, a change of rate);

Delays in technical support work;

Stable interest on withdrawal (which is disadvantageous for transferring small amounts);

Question: how to deposit from skrill to XM trading 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.

Deposits from skrill to XM trading account is made instantly.

Please follow the instruction below.

2. Select the deposit method “skrill”

3. Type in skrill’s registered email address and deposit amount

5. A deposit is completed

XM offers a variety of deposit & withdrawal methods which can be made instantly, other than skrill.

For the list of available funding options for your country, please visit XM’s official website and login to your account.

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See the trading condition of this mega FX broker.

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XM DEPOSIT AND WITHDRAWAL SYSTEM

XM is one of the biggest forex brokers in the world, especially in asia. The reason why there are so many traders wanting to trade on XM’s platform is that XM is really great with customer support. Not only do they have an amazing XM deposit and withdrawal system, XM also has a super efficient and experienced customer service team. Moreover, they also have monthly seminars to educate and assist customers in need. Today, we will focus on the XM deposit and withdrawal feature.

The process of XM deposit and withdrawal

After you have done signing up with XM and opened an XM account, you would want to deposit some money into your account in order to start trading. Let’s check out the process of deposit with XM step by step.

How to deposit:

Log in with your XM account. No matter the platform you use (web platform, metatrader 4 or 5, or XM mobile app), the interface is the same.

After login, look for the DEPOSIT button at the top of your screen.

If you have multiple XM accounts, select the account you want to deposit money in by clicking the DEPOSIT button next to that account.

Select a deposit method. The methods available on XM platform are:
- VISA or mastercard
- Internet banking service of your local banks.
- E-wallets such as neteller, skrill, sticpay, or ngan luong
- Cryptocurrency wallet (bitcoin, tether. )
- Other XM accounts

Enter how much you want to deposit. For clients outside the U.S, XM will automatically convert it to USD.

Check your account information again to make sure all the information is correct. Then click CONFIRM.

Then XM will take you to the transferring page of the method you chose earlier. There, you just need to put in your information and make the trade.

That’s how you deposit money into your XM account. After trading for a while, you would want to withdraw your profit. Continue reading to know how to withdraw money from your XM account.

How to withdraw:

Important note: you have to withdraw money the same way you deposit your money. For example, if you use your mastercard to deposit, after trading, you have to withdraw your profit into that exact mastercard account. If you use multiple methods to deposit money into your account, the amount you can withdraw will be calculated according to the ratio of the amount you deposited. For instance, you deposit $50 with your mastercard and then $100 with skrill. When you withdraw money back to your mastercard account, you can only withdraw a third of your fund. The other two third of your fund can only be withdrawn into your skrill account.

Log in with your XM account. No matter the platform you use (web platform, metatrader 4 or 5, or XM mobile app), the interface is the same.

You can find the WITHDRAW button right next to the DEPOSIT button earlier.

If you have multiple XM accounts, select the account you want to withdraw money from by clicking the WITHDRAW button next to that account.

Select your withdrawal method. Remember the note above.

The amount you want to withdraw will automatically be converted to USD by XM.

Click confirm to finish the process.

All deposit and withdrawal options of XM

payment options	accepted currency	minimum amount	fees	time
VISA	USD, EUR	$5	none	2 - 10 days
mastercard	USD, EUR	$5	none	2 - 10 days
maestro	USD, EUR	$5	none	2 - 10 days
webmoney	USD, EUR	$5	none	2 - 10 days
nganluong	USD, EUR	$5	none	instantly
neteller	USD, EUR	$5	none	instantly
skrill	USD, EUR	$5	none	instantly
bank transfer	any	$150	depends	2 - 10 days

The maximum duration for XM withdrawal is 24 hours. If you haven’t received your money after 24 hours, please contact the XM help team for assistance. XM has a really helpful and professional customer support team. All of your problems regarding XM deposit and withdrawal will be solved in no time.

Fanara filippo

Hey, I’m fanara filippo. I’m the founder of this site. I'm currently living in bangkok, thailand. I have been trading forex for more than 5 years. You can read my articles about the best forex brokers on this page. Let’s review brokers today.

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so, let's see, what we have: XM: login, minimum deposit, withdrawal time? Recommended broker XM is the brand name of trading point holdings limited. They own four subsidiaries, each with their own license. In at how to deposit money on xm broker