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Withdrawing your funds from yourXM broker accountiseasy and fast, and generally free – we will walkyou through the options and possible fees, and show you why your money is safe.
The essence
- You can withdraw from your XM account viabank transfer,or by usingcredit cards, debit cardsand electronic wallets
- Withdrawal is generally free without an upper limit
- For bank wire transfers, there is a fee for any amount less than $200
- Withdrawal on theMetaTrader 4 and MetaTrader 5 platforms works the same way but you can't use PayPal
- Withdrawal took2 business days, which is fairly average
XM withdrawal methods compared to competitors' | XM | FxPro | FXTM |
|---|
| Bank transfer | Yes | Yes | Yes |
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| Credit/debit card | Yes | Yes | Yes |
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| Electronic wallets | Yes | Yes | Yes |
|---|
| Withdrawal fee details | Free withdrawal. The only exception is the bank wire transfer below $200. | Free withdrawal | $3 for credit card, $20-$40 for bank transfer, $0 for Neteller and Skrill |
|---|
Visit XM
75.33% of retail CFD accounts lose money
XM withdrawal options
AtXM, withdrawal is available viabank transfer, or by usingadebit or a credit card.
You can also withdraw money usingelectronic wallets. At XM, you can withdraw money to the following electronic wallets: Skrill and Neteller.
Sticpay can only be used for depositing funds to your XM account and only for clients outside of the European Economic Area (EEA), Australia and the Middle East.These clients wereonboarded under the International Financial Services Commission (IFSC), whichis a government agency responsible for financial regulation in Belize.
Wedived into the details of why we consider XM safe, check it out here.
XM withdrawal fees
Basic withdrawal at XM isfree of charge. See the table below for details and possible exceptions, as well as how XM compares to some of its immediate competitors.
XM withdrawal fees compared to competitors | XM | FxPRO | FXTM |
|---|
| Domestic bank withdrawal | Free for withdrawals above $200 | Free withdrawal | Bank withdrawals cost €20/£25 in the EU, €10/ £5 in the UK |
| International bank withdrawal | Free for withdrawals above $200 | Free withdrawal | Bank withdrawals cost €20/£25 in the EU, €10/£5 in the UK credit |
| Credit/debit card withdrawal | Free for withdrawals | Free withdrawal | $3 for credit/debit cards |
| Electronic wallets withdrawal | Free for withdrawals above $200 | Free withdrawal | Free for Skrill and Neteller, other electronic wallets may have fee |
|---|
XM withdrawal time
Speed matters. Unlike some deposit options, withdrawal is rarely instant.
We tested withdrawal at XM and it took2 business days, which is fairly average.
Visit XM
75.33% of retail CFD accounts lose money
Step-by-step guide on how to withdraw money from XM
To withdraw money from XM,follow thesesteps:
- Log in to your account
- Select 'Withdrawal' from the menu
- Select the withdrawal method and/or the account to withdraw to
- In case of a wire transfer, you have to give the details of your bank account and your bank
- Enter the amount to be withdrawn
- Submit your request
Whichever method you select, you can only withdraw money to accounts or cards that are in your name.
The “No Deposit Trading Bonus Scheme” applies to all clients who open a real, not demo, account with XM. It means that trading bonuses may be used for trading purposes only andcannot be withdrawn.
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Further reading:
Hope this article was helpful on how to withdraw your money from XM! Don't hesitate to reach out to us at [emailprotected], if something is missing or is unclear to you about XM withdrawal –we'll answer you as soon as we can!
FAQs
XM's procedure and time to show funds arrival after withdrawal claim. Your withdrawal request is processed by our back office within 24 hours. You will receive your money on the same day for payments made via e-wallet, while for payments by bank wire or credit/debit card it usually takes 2 - 5 business days.
What is XM maximum withdrawal? ›
You can withdraw from your XM account via bank transfer, or by using credit cards, debit cards and electronic wallets. Withdrawal is generally free without an upper limit. For bank wire transfers, there is a fee for any amount less than $200.
How do I withdraw from XM? ›
How to Withdraw Funds Step by Step
- Step 1 – Log in to your XM account. First, enter your username and password to access your XM account.
- Step 2 – Click on the “Withdrawal” button. ...
- Step 3 – Choose the withdrawal method. ...
- Step 4 – Enter your banking details.
XM covers all transfer fees using this method, so all withdrawals are completely free. Also, there's no limit when it comes to the withdrawal amount. You can withdraw your entire balance as well as the profit that you've earned from the trades.
Is XM withdrawal instant? ›
XM's procedure and time to show funds arrival after withdrawal claim. Your withdrawal request is processed by our back office within 24 hours. You will receive your money on the same day for payments made via e-wallet, while for payments by bank wire or credit/debit card it usually takes 2 - 5 business days.
Does XM do same day withdrawal? ›
Withdrawal procedure on XM's side should be completed within 24 hours. Then 2 to 5 working days will be required till the funds arrival on client's bank side. * Time required will be dependent on the countries where the client resides.
Does XM charge withdrawal fees? ›
XM Overview
The broker either charges no fees for services that carry a price tag at other brokers, or if it does, the fees are usually small. This means you can use XM even if you trade frequently, such as multiple times a week or daily. XM has low trading fees for CFDs and charges no withdrawal fees.
Can I withdraw 30$ from XM? ›
Each trader can withdraw all profits on a live account based on XM 30 bonus withdrawal conditions (No deposit trading bonus scheme terms and conditions five, pages document). $30 bonus money can not be withdrawn – only profits.
When can you withdraw XM bonus? ›
Profits from trading on No Deposit Trading Bonus Accounts may be withdrawn anytime, provided that the trading volume in the relevant real trading Account reaches at least 10 micro lots ( 0,1 standard lots ), and provided that at least 5 round turn trades have been completed.
How long does XM deposit take? ›
XM accepts the funds through bank transfer including from ATM or through net-banking. When you deposit funds through bank transfer, they should be reflected in your account within 5 working days after the transfer.
XM Group is a MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research. That said, XM falls behind with its limited pricing, range of markets, and platform offering — none of which can compete with the best brokers in this space.
Is XM referral bonus withdrawable? ›
Any rewards earned from the XM Refer a Friend program will be automatically credited to your “MyWallet”. To withdraw your rewards, navigate to the “MyWallet” dashboard in your Members Area. From there, you can see your total balance, select how much you want to withdraw and/or transfer to your trading account(s).
What is minimum withdrawal in XM? ›
The minimum withdrawal amount on XM depends on the withdrawal method chosen, but it is typically $5 or equivalent. XM does not charge fees for the first five withdrawals in a calendar month, but some withdrawal methods may have fees imposed by the payment provider.
How many XM accounts can I have? ›
Can I Hold Multiple Trading Accounts? Yes, you can. Any XM client can hold up to 8 trading accounts of their choice.
Can I have 2 XM accounts? ›
For additional accounts, there is no need to submit documents again, you can open multiple accounts through XM members Area. If you are going to go through the account opening process to open multiple accounts, make sure to type same personal details and same e-mail address.
How long does it take to withdraw brokerage cash? ›
Following a sale in your brokerage or retirement account for equities or options, the transaction usually needs to settle before you can withdraw the proceeds to your bank account. The settlement period for equities is the trade date plus 2 trading days (T+2), sometimes referred to as regular-way settlement.
Does XM really pay? ›
Overall, XM is considered a safe broker and trustworthy broker. XM offers a minimum deposit of only $1 and well-researched educational material. XM has 24/5 customer support with a user-friendly copy trading option. XM has a high trust score of 93 out of 99.
