Xm deposit and withdrawal

The broker offers free of charge deposits for all methods except those made by wire transfer.

No deposit forex bonuses

XM: Login, minimum deposit, withdrawal time, xm deposit and withdrawal.

If such is the case anything below a $200 (or other currency) will be billed with a commission by the broker. The means of access to MT5 are various: desktop, web based platform, ios and android apps.

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.

Members area access

Use your MT4/MT5 real account number and password to log in to the members area.

New to XM?

Legal: this website is operated by trading point of financial instruments limited, registration number HE251334, with registered address at 12 richard & verengaria street, araouzos castle court, 3rd floor, 3042 limassol, cyprus.

Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.04% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Please consider our risk disclosure.

Trading point of financial instruments limited provides investment and ancillary services to residents of the european economic area (EEA) and the united kingdom.

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Xm deposit and 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.

XM deposit and withdrawal malaysia (local bank, credit cards, e-wallets)

The award-winning forex broker, XM malaysia, is proud of its dedication to satisfying the customers. To that end, the company provides simple and convenient deposit and withdrawal methods through a wide variety of payment systems, including e-wallets (online payment services), credit cards, and local bank transfers in malaysia.

If you are going to join XM malaysia, you might be wondering how to properly deposit money into or withdraw from your account when you have reached a significant amount of revenue later.

No worries. Hereвђ™s a step-by-step tutorial on how to make deposits and withdraw funds from your XM malaysia trading account.

How to deposit money into your XM account

6. You will then be redirected to the login page of your online payment system (skrill, in above example). Login to your e-wallet account to complete the process.

Note: several online payment systems will charge a certain amount of fee for processing your transaction. However, XM malaysia will cover these fees, so you will still receive your funds in full amount.

Рџ‘Ќ deposits via credit cards:

1. If you want to deposit your money via credit cards, click on the вђњdepositвђќ button under вђњcredit/debit cards.Вђќ

2. Input the amount that you want to deposit and then click on the вђњdepositвђќ button. Please remember that the minimum amount of deposit depends on your account type.

4. Click on вђњpay now,вђќ and your money will be instantly deposited into your account.

Note: please make sure that your credit or debit cards are registered under the same name as the one in your XM account. XM malaysia does not charge any commission for deposits made via credit or debit cards.

How to withdraw money from your XM account

First, you need to validate your XM account by providing your national identity card (ID). After your account is verified, proceed to do the following steps:

1. Login to your XM members area.

2. Click on the вђњwithdrawalвђќ button of your home page, as shown below:

Note: on the withdrawal page, some of you MIGHT NOT see the option of withdrawal via credit/debit cards. That is because this option only appears if you have previously deposited money using the credit card method.

Рџ‘Ќ withdrawals using online payment systems:

1. Click on the вђњwithdrawвђќ button under your selected online payment system.

3. Click on the checkbox to sign the withdrawal agreement, then click on the вђњrequestвђќ button, and your withdrawal request will be processed within the system.

4. When your application is confirmed, you will receive a notification via email. You can also monitor your withdrawal requests and financial transactions via account history.

Рџџў XM will process your withdrawal request back to the source of your original deposit.

Рџџў withdrawals via credit cards can only be requested up to the deposited amount. Therefore, if you want to withdraw more money, you need to choose other payment methods you have used for funding your trading account.

Рџџў the minimum withdrawal amount using online payment systems starts from 5 USD, depending on your payment system and trading account.

Рџџў your withdrawal request will be processed within 24 hours, on business days. (XM usually processes it within a couple of hours)

Рџџў all withdrawal fees will be covered by XM.

XM malaysia local bank deposit and withdrawal

XM also offers deposit and withdrawal methods via local bank transfer at the top 5 largest banks in malaysia, namely CIMB, hong leong, maybank, public bank, and RHB bank.

If you choose to conduct your financial transactions using local bank wire transfer, you need to prepare an active internet banking account. You will also need to check and confirm that the name of the bank account holder is the same name registered in your trading account. Only then, you can follow the tutorial below:

Рџ‘Ќ deposits via local bank in malaysia:

1. Login to your XM trading account and open your members area.

2. Click on the вђњdepositвђќ button of your home page.

3. Click on the вђњdeposit hereвђќ button under вђњonline bank transfer.Вђќ

4. Choose the name of your bank (CIMB bank, hong leong bank, maybank, public bank, RHB bank) in the drop-down menu.

5. Type the amount of money you want to deposit in MYR or USD.

6. Click on the checkbox to agree with the deposit agreement and click the вђњdepositвђќ button to continue to the confirmation page.

7. Recheck your deposit information, click on вђњconfirmвђќ, and you will be redirected to the bank payment page. Log in your internet banking account and make the payment. Your deposit will be processed instantly to your XM account.

Note: XM does not charge any commission for deposits using this payment method.

Рџ‘Ќ withdraw via local bank in malaysia:

1. Login to your XM members area.

2. Click on the вђњwithdrawalвђќ button of your home page.

3. Click on вђњwithdrawвђќ under вђњonline bank transfer.Вђќ

4. Select the name of your bank in the drop-down menu.

5. Enter your bank account information , and input the amount of money you want to withdraw in USD. The minimum required amount is 15 USD .

6. Click the checkbox to sign the withdrawal agreement.

7. Click on вђњ pengajuan вђќ and your withdrawal request will be processed by the system within 24 hours, on business days .

Note: if your withdrawal request is confirmed, XM will send a notification via email . Remember, you can always monitor your requests and financial transactions in your account history. XM covers all transaction fees for the bank wire transfer (for amounts over 200 USD ).

That is all, make sure that you choose the best method to fund and withdraw money at XM malaysia , so your trading experience is more convenient.

XM minimum deposit and withdrawal methods test

XM.Com is the trading name of a brokerage platform operated by trading point holdings ltd. Based in limassol, cyprus. The forex and CFD broker XM.Com is regulated by the cypriot cysec, but also operates internationally outside the EU as XM global and in australia with its own branch.

The market maker, founded in 2009, enables trading in numerous underlyings with favorable spreads, and in forex trading even with ECN character. The XM.Com payment methods are accommodating: customers who deposit money at XM.Com only need to make a small XM minimum deposit of 5 euros, which is possible via many different channels.

Facts about the deposit and withdrawal options available with XM:

XM.Com minimum deposit as low as 5 euro / US dollar

Payments by credit card, bank transfer, IMMEDIATE, neteller, skrill, and regional payment solutions

Immediate processing of deposits

Xm.Com will pay any applicable fees

Favorable payment methods in comparison

The choice of deposit and withdrawal methods offered by a forex and CFD broker is an essential part of customer service and should be considered when choosing a provider. While traders used to be more or less committed to bank transfers and credit card payments, both of which often involve high costs, there are no other convenient and inexpensive payment solutions available. Electronic wallets in particular can compete with credit cards in terms of speed and are sometimes even cheaper in terms of fees.

Payment methods offered depend on the choice of the broker

Electronic wallets become standard

Costs for transactions are often low or do not occur

Keep your eyes open for processing deadlines!

If any questions arise, there are multiple ways to contact support

However, not all brokers have recognized the trend and include popular new payment platforms in their offers. And not only that – sometimes a lot of time passes until deposits are credited, withdrawals are only processed after two or three days, and fees reduce the return from trading. Dissatisfaction with payment methods is one of the most common reasons for switching brokers.

However, more and more providers are accommodating their customers, which is already ensured by the competition among forex and CFD brokers. How accommodating the payment options at a broker are depends on the respective provider, but some of them even include regional payment solutions. Fortunately, traders can also deposit and withdraw funds from XM.Com through a variety of payment methods.

Three accounts, low minimum deposit at XM.Com

Traders can also test this broker first with a free, unlimited demo account. Once the decision is made to opt for a real money account, XM.Com offers three different account models, the micro, standard, and XM ultra-low accounts. With the micro and standard accounts, the broker makes his profit via spreads, while commissions are charged for the ultra low account. According to ESMA regulations within the EU, the maximum leverage is 1:30 for private traders trading on the cysec regulated platform.

Choose your preferred account type

Traders opening a micro account can trade micro-lots, while standard lots are available for the standard account. For both accounts, the minimum deposit is only 5 euro or US dollar. For the zero-spread-account, the minimum deposit is 100 euro / US dollar, but spreads are offered from 0 pips. The setup of the trading account is done very quickly in a few steps:

Specification of personal data and contact information

Selection of account type, information on trading experience and financial situation

Receipt of access data by e-mail

Verification by uploading the required documents. If all details are correct and matched with the identification document and proof of address, the new client can directly dispose of his trading account.

XM.Com deposit or withdrawal without fees

It is very gratifying for traders when a broker has a high level of transparency regarding the cost structure. XM.Com leaves nothing to be desired. The provider provides a tabular overview of the trading costs and fees for all account models, both for XM.Com cyprus and for the international or australian broker. Further information can be found in the footer of the website and is available in english.

Full coverage of costs for all electronic payment services

Cost absorption for credit card payments

Wire transfers: cost absorption by XM.Com for payments over 200 US dollars

Immediate value date

beware of fees when depositing of withdrawing

As it turns out, XM.Com covers the transaction fees for all deposits and withdrawals by credit card or via an electronic payment service provider. Fees that may be incurred for a bank transfer are borne by the broker, provided the transfer amount is at least 200 US dollars or the equivalent in another currency. The same applies to withdrawals.

Again and again, there are references to the fact that you can also deposit money at XM.Com via western union, but in this case, the broker does not bear the costs. For the cypriot XM.Com, this payment method could not be confirmed. In addition, one searches in vain for paypal at XM.Com. The popular payment service provider charges the recipient not inconsiderable costs and is therefore ignored by many brokers.

XM.Com deposit to trading account

Once the trading account is set up at XM.Com, money must of course be transferred before the first trading activities. The initial deposit is extremely low with the micro and standard accounts at only 5 USD, but micro lots can also be traded with the micro account. Most traders will probably want to start with higher amounts. No matter how much you want to deposit, at XM.Com customers can choose from a wide range of payment methods. Those who want to be able to access their funds immediately will find a wide range of credit cards and ewallets to choose from, but secure bank transfers are also available.

Overview of the payment methods:

Payment by credit card using visa, visa electron, or mastercard

Bank transfer, also international

Neteller and skrill

Unionpay china and other regional payment solutions

Transactions from another trading account

the broker is regulated by international and national authorities

XM.Com also allows payments from a trading account with another broker and allegedly also deposits through western union, a fast, though costly, method. Regional payment solutions are also offered, for example for customers in poland or china.

Everything you need to know about depositing money can be found in the following table:

Method	fees	processing time
credit card	none	instant
bank transfer	none	minimum 2 working days
neteller, skrill etc.	Variable	instant
other national services	variable	variable

Fast and reliable credit card payments

Credit cards are a standard payment method used by most brokers, and this will probably remain so. This is because the practical cards, which used to be an additional service provided by banks and often entailed considerable costs, are now often part of every current account at the direct banks and are often offered at no charge.

This means that customers can use their credit cards to capitalize on their trading account at no extra cost. The processing by the broker is usually done immediately and you can trade directly – very important if you want to take advantage of a promising trend.

Transparency and security in regard to deposits as well as withdrawals

Since forex and CFD brokers usually take good security precautions in their own interest as well and the data transfer is encrypted by SSL, the customer data is usually secure. However, some providers insist on a scan of the credit card before this payment method can be used. As long as the customer can blackout some digits on the card, there are no security concerns. Only when the front and back of the credit card are fully visible, including the security number, may not every user want to use this payment method after all.

The classic bank transfer

Very secure, and not at all cumbersome, is the conventional bank transfer. Particularly in the eurozone or single euro payment area, so-called SEPA transfers are booked within one working day. In addition, however, there is the processing by the broker, so that a value date is usually after 48 hours at the earliest. If you make your bank transfer on a friday, you must of course consider monday as the following working day and expect longer deadlines. It can take longer for international bank transfers.

As a very popular broker, the classic bank transfer is also an opportunity

One of the advantages of SEPA credit transfers is that they are not only very secure but also free of charge, at least if they are made via your own online banking. Users may have to expect costs if the transfer is made at a bank counter or by telephone. And for international transfers, interbank commissions and exchange fees are usually payable. Here ewallets offer a viable alternative.

Skrill, neteller, instant, and many more…

More and more electronic payment solutions offer convenient transactions at favorable conditions. Paypal is regarded as a pioneer of such platforms. The ebay subsidiary owes its origins to the endeavor to develop secure, fast payment procedures for international online trade.

The principle was taken up by other providers so that users all over the world can now choose from a variety of electronic payment service providers. Either one opens an account on the platform, which is capitalized and then used for payment transactions, or one links the ewallet to one’s own current account, from which the paid amounts are then debited.

If any questions arise, the customer support is ready to help

The security measures are generally good and the fees are low. Authorizing payments is usually uncomplicated, customer-friendly and also possible via mobile devices. It is therefore not surprising that more and more brokers are enabling their traders to pay via neteller, skrill, giropay, but also trustly or IMMEDIATELY. The speed of the transaction is comparable to a credit card payment, and even the possible maximum amounts meet the requirements of even very active traders with large trading volumes.

Transactions between two trading accounts

Occasionally, brokers offer the possibility of transferring funds from one trading account to another. If the trader has two different trading accounts with the same broker, such a transaction can be made in the personal client area without any problems. If the other account is held with a different broker, a transfer usually requires a form to be filled out and sent to both brokers. These two brokers will then jointly take care of the transaction. XM.Com also offers this payment method, as is common practice, conversions are made if there are different account currencies.

Not only during registration you might have to fill in a form

Legal requirements for the payment process

Regardless of the choice of payment method, there are not only costs to be considered, but also legal requirements that restrict the possibilities for payments a little. As a rule, the payout must be made via the method chosen for the deposit and cannot exceed the highest deposit amount. Furthermore, no transactions can be made via third parties. The holder of the reference account and the holder of the trading account must be identical. And if you set up a live account as a private trader, you cannot use a corporate or business account for payments, so you cannot use a business credit card.

Regulated by many official institutions

XM.Com payout: everything traders need to know

Before making the first XM.Com withdrawal, the trading account holder must be verified, i.E. Have uploaded or submitted a scan of a valid identification document and a current utility bill as proof of address. The verification department will confirm successful verification. Afterward, the customer can initiate the payout of credits via the “payout” tab in the member area.

Verify your account before trading and making money

As the broker informs, XM.Com is also subject to internationally binding procedures against money laundering and the financing of international crime. Anyone wishing to withdraw money at XM.Com must do so through the same channel through which the deposit was made.

Similarly, all payout orders – regardless of the method chosen – up to the total amount deposited with this method will be executed via the same payment method. Amounts in excess thereof shall be paid out via other payment methods, such as ewallet, or thereafter by bank transfer. The priority procedure for disbursements is also applied if an incorrect disbursement method is selected.

Withdrawal requests are processed within 24 working hours, i.E. Within three working days. However, when a withdrawal request is made, it is immediately visible in the personal customer dashboard. However, all submitted payout requests are immediately visible in the customer’s trading account as pending payouts. Furthermore, the broker will make payouts in the currency of the previous deposit. If this is not identical to the currency of the trading account, a conversion will be carried out, which may be associated with exchange fees under certain circumstances.

All information that you have to consider for withdrawals is given in the following table:

Method	currency	processing time
credit card	according to deposit	within 3 working days
bank transfer	according to deposit	within 3 working days
ewallet	according to deposit	within 3 working days
other local services	according to deposit	within 3 working days

No hidden fees

XM.Com also has to be given credit for the fact that there are no hidden fees with this broker. Traders can already find out on the website about the costs they will have to pay – including inactivity. At XM.Com, the time threshold is ninety calendar days – if a trader has not logged in during this period, for example, all remaining bonuses, promotional credits, and xmps are automatically removed from inactive accounts. For an inactive account, XM.Com charges a monthly fee of 5 euros or US dollars. If the remaining balance on the account is less, the entire balance will be withdrawn.

Rest assured that there are no hidden fees despite favorable trading conditions

Once the trading account is zero, no fees are charged. Such accounts without funds will be archived by the broker after 90 calendar days and cannot be reopened. In this case, the user must create a new live account if trading is to be resumed on XM.Com. All these conditions are clearly communicated on the broker’s website and should not surprise customers who carefully read the available information later.

Conclusion: many payment methods, no fees at XM.Com

XM.Com is a long-established broker with an international clientele and has won numerous awards for services and products. As the test shows, the forex and CFD broker facilitates access to trading with its account models, conditions and educational offers, especially for beginners, but also experienced traders get their money’s worth thanks to the good trading offer and the favorable conditions of the ultra-low account.

Awards show that the service

All conditions and costs are explained on the XM.Com website, which is also available in german. Although the layout of the pages and the findability of some information takes getting used to, the broker’s FAQ answers the most important initial questions. You can also get information about the payment methods, but if you want to find out more details, you have to consult the english version of the website.

It is very pleasant that besides bank transfer and payment by credit card, there are also IMMEDIATELY and ewallets like skrill or neteller available. The minimum deposit at XM.Com is extremely low, only 5 euros or US dollars, only for a bank transfer the threshold is 200 USD. Likewise, the broker also takes over the fees incurred – for deposits and withdrawals.

If you pay by a card or with a wallet, you can immediately dispose of the credit and trade. For a non-binding first impression of all services, you can use the demo account at XM, which is free of charge and unlimited in time. Even if a live account is subsequently opened and capitalized, the demo can still be used to test and optimize your own strategies.

XM deposit bonus: policies and limitations

Platform

Expiration

Min. Volume

If you are someone who trades on the forex market for a while now, you shall definitely know the XM forex broker. As that is undeniably one of the most reliable and trustworthy ones out there. However, if you are a beginner, you shall undeniably consider taking a look at it. This is a broker you should go for if you are looking for trust and reliability, as well as if you are seeking for the beneficial XM deposit bonus.

With the metatrader 4 and metatrader 5 platforms, the brokerage gives you a wide spectrum of ways to increase your trading profit. Moreover, that allows you to get the deposit bonus we will talk about in more details in that article. Reliability is vital for one to make a deposit with a broker and this is why we have decided to highlight the main points of the XM deposit bonus. However, now without any hidden conditions, XM gives you an impulse with their new deposit bonus for you to start trading right away. Should you or shouldn’t you go for it? Find out in the XM bonus review!

XM deposit bonus description

XM forex broker guarantees that your account will be increased by 50% for any deposit below $1,000. Thus, if you deposit, for instance, $50, then you will get an additional bonus of $2.50. And your trading capital will reach $7.50.

However, the maximum amount of the bonus that might be received equals $500. That means that you are granted a 50%-bonus only until your deposit does not exceed $1,000.

Once your deposit amount is more than $1,000, you will still have that 50% added on the first $1,000 of your deposit. Also, 20% will be given as a bonus for any amount more than that.

This means if you deposit an amount of USD $22,500, your account balance will become USD $28,500. The math on this is pretty simple and you can see it in more details in this table:

Any account holder can have his own bonus! No matter if you are a new customer or have been trading with XM for years. However, as you see from the table above, the biggest bang for your buck can be achieved with actually a $1,000 worth deposit.

XM bonus limitations

That is important to mention that the bonuses are not available on the XM ultra low account, as well as on the XM shares account.

This is not a limited one-time deal offer. If a client an XM bonus deposit worth $250 four times, $125 will be added each time to the account until it reaches the $1,000. However, the maximum bonus a person can receive is $5,000. Trading bonus is there to help new and existing clients to hold their positions open for a longer period. XM forex bonus is not eligible for clients registered under trading point of financial instruments ltd and trading point of financial instruments UK ltd.

XM trading bonus withdrawal policies

Even though getting a deposit bonus is easy with that broker, the withdrawal procedure is not that primitive. And is rather targeted to make traders leave the funds on their accounts.

Therefore, when you are trying to withdraw funds from your XM bonus account, the broker will charge you with the amount of the bonus that will be proportional to the amount of the funds for withdrawal. Just to illustrate: imagine you deposited $1,000 and you were given $500 as a bonus (50%). Then you decided to withdraw $250 (25%) out of $1,000 available, as you still can’t withdraw the bonus. As a result, a total sum of $125 (25% of the bonus) will be removed.

But, for instance, if you have managed to generate some additional profit, then the picture will be a bit different. Imagine that you have deposited $1,000, received a $500 worth XM deposit bonus, and things turned out to be great for you. And you gained a profit of $2,000 from trading. Now you have $3,000 available to withdraw and you want to take them all out of the account. In that case, $500 of the bonus will be removed just because that will equal 100%. Maybe the table will help you to understand that easier:

Another XM bonus program

XM forex broker is constantly coming up with innovative bonus programs that will ensure that traders will stay loyal and interested. Thus, augmented XM points service was recently launched as an added bonus one may use while trading on the platform. You can subscribe and unsubscribe to that any time you want without any restrictions.

XMP has a status of reward for the loyal customer. Thus, as you trade, you received those bonus points that might be later transferred to the monetary bonus. That can be calculated in the following way:

However, in order to received XMP in the first place, you need to create an account and sign up for the loyalty program. There are several you may choose from XM executive, XM gold, XM diamond, XM elite.

If you are the part of the executive loyalty program, then you will receive 10XMP per lot straight away. If you are the gold loyalty program’s member, then you will receive 13XMP per lot after at least 30 days of trading. If you are a member of diamond loyalty program, then you will be guaranteed to receive 16XMP per lots only after 60 days of trading on the platform. Finally, if you are the holder of elite loyalty program, then you will be provided with 20XMP per lot after 100 days of trading with XM broker.

So, imagine you have 10,000XMP gained and you have decided to redeem 3,000XMP. Then, according to the formula provided above, you will receive $1,000 of bonus and will still have 7,000XMP on your account to convert and withdraw later.

However, there are some details worth mentioning when it comes to withdrawal of XMP from an account. For instance, you have 3,000XMP to redeem and you have gained an additional $1,500 while trading that you are allowed to withdraw. You have decided to withdraw only the part of it, $750, which is 50% of the total sum stored on the account. That means that the same 50% will be removed from your XMP bonus, which will equal $500 (3,000XMP / 3= $1,000). Take a look at the table below to understand the process better:

XM broker account types

There are various account options available while registering with the XM broker. Thus, you can choose between micro, standard and XM ultra low one. They differ depending on the size of lots, as well as the minimum deposit rate and leverage, availability of the bonus.

The micro account has a leverage of 1:1 to 1:888, the spreads can be as low as 1 pip, the minimum deposit can be $5, the minimum trade volume is 0.01 lots, and there is no commission charged. However, you won’t be able to obtain an XM deposit bonus on that account.

The standard account has a leverage of 1:1 to 1:888, the spreads can be as low as 1 pip, the minimum trade volume is 0.01 lots, the minimum deposit is $5 as well. And you can obtain bonus using that account.

The XM ultra low account has a leverage of 1:1 to 1:888, the spreads can be as low as 0.6 pip, the minimum deposit should be at least $50, the minimum trade volume is 0.01 lots, and there is no commission charged. And you cannot get the bonus on that account as well.

Among the currencies available for trading there are:

Advantages

Even though we would recommend you to open an account with XM, there is one big benefit of the XM deposit bonus. It comes with a multi-account availability. When an XM bonus deposit comes to an account and then it’s transferred to another one, the bonus value will be transferred as well! The system calculates the share of the bonuses that should be transferred and makes sure you get an equal proportion on your other account. This is quite comfortable, as many brokers would simply remove your bonus if you try to move funds from one account to another.

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XM review 2021

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Summary

Recommended for forex and CFD traders who prefer metatrader platforms and seek great account opening

XM is an online broker whose parent company is trading point holding, a global CFD and FX broker founded in 2009.

XM is available globally and is regulated by three financial authorities: the cyprus securities and exchange commission (cysec), the australian securities and investments commission (ASIC) and the international financial services commission of belize (IFSC).

Disclaimer: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.04% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

XM pros and cons

XM has low stock CFD and withdrawal fees. Account opening is user-friendly and fast. You can use many educational tools, such as webinars and a demo account.

On the other hand, XM has a limited product portfolio as it offers mainly cfds and forex. Its forex and stock index CFD fees are average, and there is no investor protection for clients onboarded outside the EU.

Pros	cons
• low stock CFD and withdrawal fees	• limited product portfolio
• easy and fast account opening	• average forex and stock index CFD fees
• great educational tools	• no investor protection for non-EU clients

XM main features and highlights

��️ country of regulation	cyprus, australia, belize, united arab emirates
�� trading fees class	low
�� inactivity fee charged	yes
�� withdrawal fee amount	$0
�� minimum deposit	$5
�� time to open an account	1 day
�� deposit with bank card	available
�� depositing with electronic wallet	available
�� number of base currencies supported	11
�� demo account provided	yes
��️ products offered	forex, CFD, real stocks for clients under belize (IFSC)

Author of this review

Ádám nasli

Everything you find on brokerchooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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 review
fees

pros	cons
• no withdrawal fee	• inactivity fee
• low stock CFD fees	• average FX fees

XM fees snapshot

assets	fee level	fee terms
S&P 500 CFD	low	the fees are built into the spread, 0.7 points is the average spread cost during peak trading hours.
Europe 50 CFD	average	the fees are built into the spread, 2.6 points is the average spread cost during peak trading hours.
EURUSD	average	with standard, micro, and ultra-low accounts the fees are built into the spread. 1.7 pips is the standard account's average spread cost during peak trading hours. With XM zero accounts, there is a $3.5 commission per lot per trade and a small spread cost.
Inactivity fee	low	$15 one-off maintenance fee after one year of inactivity, followed by $5 per month fee if the account remains inactive.

How we ranked fees

We ranked XM's fee levels as low, average or high based on how they compare to those of all reviewed brokers.

First, let's go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.

Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.

Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

In the sections below, you will find the most relevant fees of XM for each asset class. For example, in the case of forex and stock index trading, spreads, commissions and financing rates are the most important fees.

We also compared XM's fees with those of two similar brokers we selected, XTB and etoro. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of XM alternatives.

To have a clear overview of XM, let's start with the trading fees.

XM trading fees

XM trading fees are average. XM has many account types, which all differ in pricing. The standard, micro, and ultra low accounts charge higher spreads but there is no commission. The XM zero account charges lower spreads, but there is a commission. The following calculations were made using the standard account.

We know it's hard to compare trading fees for CFD brokers. So how did we approach the problem of making their fees clear and comparable? We compared brokers by calculating all the fees of a typical trade for selected products.

We chose popular instruments within each asset class:

Stock index cfds: SPX and EUSTX50

Stock cfds: apple and vodafone

Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP

A typical trade means buying a leveraged position, holding it for one week and then selling. For volume, we chose a $2,000 position for stock index and stock cfds, and $20,000 for forex transactions. The leverage we used was:

20:1 for stock index cfds

5:1 for stock cfds

30:1 for forex

These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. Let's see the verdict for XM fees.

CFD fees

XM has low stock CFD, while average stock index CFD fees.

XM CFD fees for a $2,000 long position held for one week

XM	XTB	etoro
S&P 500 index CFD fee	$1.6	$1.4	$1.5
europe 50 index CFD fee	$2.4	$1.8	$2.7
apple CFD fee	$6.4	$17.3	$6.7
vodafone CFD fee	$1.2	$20.8	-

Forex fees

XM's forex fees are average compared to its competitors.

XM forex benchmark fees of a $20,000 30:1 long position held for one week

XM	XTB	etoro
EURUSD benchmark fee	$9.5	$8.3	$8.8
GBPUSD benchmark fee	$8.4	$6.0	$8.5
AUDUSD benchmark fee	$10.3	$6.5	$8.2
EURCHF benchmark fee	$9.7	$8.9	$12.6
EURGBP benchmark fee	$10.5	$8.4	$12.3

Real stock fees

Clients onboarded under IFSC can also trade real stocks using the shares account.

The real stock fees are lower than XTB's, but lag behind etoro's commission-free real stock offers.

Stock and ETF commission of a $2,000 trade

XM	XTB	etoro
US stock	$1.0	$10.0	$0.0
UK stock	$9.0	$12.0	$0.0
german stock	$5.0	$12.0	$0.0

The commissions are volume-tiered with a minimum fee.

XM stock commission

stock market	commission	minimum commission
USA	$0.04 per share	$1
UK	0.10%	$9
germany	0.10%	$5

Non-trading fees

XM has average non-trading fees. There is no account fee and XM charges no withdrawal fee in most cases, though bank withdrawals below $200 carry a $15 fee.

There is a $15 one-off maintenance fee after 1 year of inactivity, and this is followed by a $5 monthly fee if the account remains inactive.

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 xm deposit and withdrawal