How to Withdraw Your Money from XM?

Marvel: In accordance with the explanation of this article and the direct explanation on the website, this XM Broker does not charge any fees for withdrawals, even though the method used for withdrawal is via international bank wire transfer. However, keep in mind that the fees borne by XM are only withdrawals above 200 USD. However, these costs come from additional costs from third parties such as:

• Intermediary bank fees: When funds are withdrawn from an account held by a country-based institution other than the local bank, the transaction may be routed through one or more intermediary banks.
• Currency conversion fee: If the account is held in a currency other than the local bank, funds may need to be converted to the local currency before they can be withdrawn.
• Local bank fees: Some local banks may charge additional fees for receiving or processing wire transfers or other electronic transactions.

In fact, apart from XM, there are lots of brokers that offer free withdrawals, so for choosing a broker, you are sure that the features, services, and instruments offered are good. . The only thing we can do is find the lowest possible cost. For reference, you can also read this: How to choose a broker based on trading fees

Sietsa: I would like to add to your explanation, Although what you explained is true, that this Xm broker does not include hidden fees or commissions for withdrawals, However, fees will be charged on deposits and withdrawals made via wire transfer below 200 USD, or equivalent in the currency used. the cost is about 15 USD.
I am a newbie in trading, but I like the withdrawal method offered by this broker. yeah, I'm a new user at this broker even though it's only about 2 months old. my first impression of the withdrawal was instant and fast processing. If I usually make a withdrawal request, the funds will go to my account after two days. so I can conclude that this processing time is average for the industry.

Gleen: OK, buddy, let me explain. Although I am not a user of this broker either, I have studied this Vantage Markets broker several times. If you ask whether this broker is safe or not? I feel safe, okay? Although XM is regulated by some of the world's top authorities, Indonesian traders are not as well protected as their international counterparts.
XM is also regulated by the UK's FCA and Australia's ASIC, but XM's global clients will trade through companies regulated by the IFSC Belize, which is generally considered a weak regulator. XM does not compensate traders in the event of a company being liquidated. While not required by the IFSC, we are pleased to know that XM protects traders by:

• Separation of client funds from company funds in top banks
• Provides traders with automatic negative balance protection, meaning traders cannot lose more than their initial deposit. I think it needs protection for this negative balance which is important for traders.

So you can conclude that the XM broker is a safe broker for trading because the FCA regulator is one of the best international regulators.

Yolanda: Hello sis, this is a good question in my opinion, which is about the working hours for withdrawals at this XM broker. Because as you know before that many traders are wary of making funding requests outside of office hours. Why is it like that? A common mistake that traders may not be aware of is withdrawing money outside of working hours and days. There is a lot of criticism about some traders not receiving their money after a few days after withdrawal from their trading account. For some reason, brokers have the same working hours and working days as banks. This means that it does not operate on Saturdays and Sundays as well as National Holidays.

The accountant or finance officer must approve your request and then forward it to your preferred payment method. Of course, your request can only be processed during business hours.

However, what I know about XM is only the time it takes to process a withdrawal request. The withdrawal approval process is determined by Funding XM, which is 1 x 24 hours at the most, and a maximum of 48 working hours. But you don't worry, because usually forex brokers including XM have longer working hours than most businesses. At a minimum, they should provide adequate support to traders during forex market hours (which means 24 hours a day, from 17:00 EST on Sunday to 16:00 EST on Friday, excluding bank holidays).

Yolanda: Hello friends, I want to help explain withdrawal hours, as far as I know, XM is a broker that is simple and easy to trade or in the withdrawal system. All withdrawals are processed by our Back Office within 24 hours on working days. But that doesn't mean you can make withdrawals whenever you want, you should be careful about withdrawing funds on bank holidays or even on Sundays because there are definitely breaks too. but not during official holidays, because as you know withdrawals at XM are instant and fast too.

but there is something you need to note In order to withdraw funds, your trading account must be verified. This means that you must first upload your documents in our Members Area: Proof of Identity (KTP, passport, driver's license) and Proof of Residence (utility bill, telephone/Internet/TV bill, or bank statement), which includes your address and name and not more than 6 months.

Once you receive confirmation from our verification service that your account has been verified, you can request a withdrawal by going to the member's area, ing the Withdrawal tab, and sending us your request to withdraw money. You can only deposit your withdrawal amount back to the original deposit source

Tristan: I want to add regarding account verification, there are rare important steps to confirm your identity. You will be asked to share the following identity documents

• ID proof such as your Passport or PAN Card or SIM)
• Proof of Address (Utility Bill – Electricity Bill of one of the previous three months)

And yeah, I also think trading at this XM Broker is pretty low in fees, it only takes $5 USD, so it's accessible for beginners. No commission is charged for Forex trading on three out of five accounts, and traders will find spreads between 0.8 pips and 1.7 pips (EUR/USD), depending on the account.
Withdrawal times will directly depend on the method you choose – e-wallet, credit card, bank transfer, etc. Your funds from the first withdrawal will be added to the same source where you deposited funds.

Joseph: Wow, you are a new customer at XM. I am also really interested in this broker, because this account is more complete in providing Stock CFD instruments. Same with you, I'm also interested in trying trading with Apple, Amazon and similar products. actually there is one more thing that I like about this broker, namely the leverage in forex trading is very high, up to 1:1000. And in my opinion this account competes with other brokers.

Because XM is a regulated broker, one of which is by the FSA, one of the international regulators, this account carries out an Anti-Money Laundering policy. To protect all parties from fraud and in accordance with applicable laws and regulations for the prevention and eradication of money laundering, XM's policy is that withdrawals can only be returned to the original source of funds.

By returning the client's funds to the origin of the funds, the withdrawal will be returned to you. e-wallet account. This applies to all withdrawal methods, and withdrawals must return to the source of the deposit funds.

If you initially made a deposit using a credit card, then you cannot make withdrawals using an E-Wallet, according to these conditions. Then you must continue to use your credit card as a tool to withdraw funds at XM.

Joseph: To protect all parties from fraud and minimize the possibility of money laundering and/or terrorist financing, XM will only process withdrawals/refunds back to the original deposit source according to the Withdrawal Priority Procedure, namely: For credit card withdrawals. Withdrawal requests submitted, regardless of the withdrawal method ed, will be processed through this channel up to the total amount deposited by this method.

Your funds from the first withdrawal will be added to the same source where you deposited funds. The same source withdrawal will work like this – If you deposit $50 from your e-wallet then the first withdrawal funds will be deposited to your e-wallet only. You can change the method after the first withdrawal transaction.
All withdrawal requests at XM are processed within 1 day (except weekends & holidays). full withdrawal).

Asta : Actually I am very interested in this XM broker, I often read articles related to this broker. Starting from guaranteed trading security at this broker, to the many account choices offered by Xm.
All XM accounts, except the stock accounts, have a minimum deposit of 5 USD, making them accessible to beginners. No commission is charged for Forex trading on three out of five accounts, and traders will find spreads between 0.8 pips and 1.7 pips (EUR/USD), depending on the account. This Xm broker also provides an XM Zero account which offers trading with low spreads starting from 0.10 pips. how low spread account this account offers.
for deposit or withdrawal problems, I don't know whether this account is really good or not, because I have no experience with either deposits or withdrawals. Even though this article has explained that withdrawals at this broker are quite easy and instant and there are no fees charged, I'm still curious.
If there is a problem when withdrawing, namely your funds cannot be withdrawn to your account, is there a solution to solve it? what usually causes the problem to occur? please explain as far as I know in withdrawals, all withdrawal requests will be resolved within 24 working hours; however all submitted withdrawal requests will be instantly reflected in the client's trading account as pending withdrawals. If the client s the wrong withdrawal method, the client's request will be processed according to the Priority Withdrawal Procedure described above.
All client withdrawal requests will be processed in the currency in which the deposit was originally made. If the deposit currency is different from the transfer currency, the transfer amount will be converted by XM to the transfer currency at the prevailing exchange rate.
Apart from that, I chose the withdrawal time at the time when the broker was not operating, maybe because there was a national holiday too. So this can also cause the withdrawal process to take a long time, which must have been processed within 24 hours to beed. Maybe this can be noticed when you want to make a withdrawal, sometimes we traders don't know about it.

Charlotte: okay, my friend, I'll help explain this, I also happen to be interested in the XM broker and want to try trading with this broker. I've read many articles related to this broker. If one of your deposit methods is a credit/debit card, you always need to request a withdrawal up to the deposit amount, as before any other withdrawal method. Only if the amount deposited via credit/debit card is fully returned to the source, you can choose another withdrawal method, according to your other deposits.
Bonuses are for trading purposes only, and cannot be withdrawn as Xm offers bonus amounts to help you open larger positions and allow you to keep positions open for longer periods. All profits earned with the bonus can be withdrawn at any time.
well I think the bonuses here are a form of marketing from this broker, not to be withdrawn but to help new traders in trading.

Karenna: Hello, good friend, your question is good, I will help explain the minimum and maximum withdrawals and withdrawals that exceed the initial deposit amount. The minimum withdrawal amount is 5 USD (or equivalent denomination) for several payment methods supported in all countries. However, the amount varies according to the payment method you choose and the verification status of your trading account. You can read more details about the deposit and withdrawal process in the Members Area.

As far as I know this Xm broker allows traders to deposit or withdraw funds in 11 base currencies, including EUR, USD, GBP, AUD, CHF, JPY, RUB, HUF, PLN, ZAR and SGD. This means that traders from Indonesia have to pay a conversion fee on every trade.

While this may not affect the occasional trader, high-volume traders (those trading more than 10 lots a month) should consider opening an account in USD currency as a conversion fee will be charged for each trade made in the USD quoted currency pair. This can be done by opening a multi-currency bank account at a digital bank.

Dembele: Well, the answer is that it can vary depending on a few factors, like where you're located and what bank you're using. In general, though, it might take a bit longer than some other payment methods like e-wallets. But in some cases, if XM also available to do the local bank transfer in your region, you can really get fast deposit and withdrawal. But above that, if bank transfer is what works best for you, then it's worth the wait, right? Just make sure to factor in the processing time when planning your trades and withdrawals.

As far as I know, XM is a broker that offers complete training videos on technical details and forex trading strategies. and that's not all in my opinion, XM offers a video bibliography covering several topics e.g. Introduction to marketing, basics of Business, detailed analysis, technical analysis, financial management, business psychology, business strategies, learn more about Forex trading

If you like strategy video tutorials, I know XM has tons of them. There are lessons on filtering incoming signals, moving average band signals, Avramis River signals, Bolliger band signals, and more.
To me, XM is like a business library in the form of a platform. but also when I look at the link you provided, all these video tutorials are available for free even though I haven't registered here.

I completely agree with your explanation. If you try registering at XM, wow, there are lots of trading strategy videos about moving average signals, they are also here. I really don't know too much about such trading signals and as far as I know this moving average signal is often used by beginners and experienced people.

It turns out that Xm is ideal for its video sales function. To me, XM is like a business library in the form of a platform. but also when I saw the link you provided, all these tutorials are available for free even though I haven't registered here. and wow there are tons of trading strategy videos on moving average signals, here they are too. I really don't know too much about such trading signals and as far as I know this moving average signal is often used by beginners and experienced people.

In line with its Anti-Money Laundering policy, XM operates a "return to source policy," which means that withdrawals can only be returned to the original source of funding. When I opened an account, I noticed that the client portal allows traders to deposit funds in 11 base currencies, including EUR, USD, GBP, AUD, CHF, JPY, RUB, HUF, PLN, ZAR and SGD. Since I deposited funds from a UK bank with a GBP trading account, I was not charged any currency conversion fees.

The account funding process is open 24 hours a day and is fully automated. We are pleased to know that XM covers all transfer fees and does not include any hidden fees or commissions on deposits or withdrawals. However, fees are charged on deposits and withdrawals made via wire transfer under 200 USD, or the currency equivalent.

The best payment option to keep in mind are e-payment. Skrill, and Neteller. Why do we say that electronic payments are the cheapest and fastest payment method? Because electronic payment options guarantee the fastest processing with instant processing. In addition, compared to bank transfers, brokers charge no fees when making deposits via electronic payments, so fees for electronic payment options are low, and withdrawal fees are relatively low compared to bank transfers.

And the last function is safer to use. If you find that the broker is trying to scam you, the e-wallet company can enter as a third party in the dispute at no extra cost.

In my experience you should check the deposit option you are using. You must use the same payment method to receive payments. If you think you are using the same payment method, you should check your SWIFT code.

Here's the thing. Swift codes are the most important codes for international money transfers. So if the quick code is wrong, the withdrawal will fail. Also, the swift codes of some banks are the same from state to state. However, some banks may use exchange codes based on your country of residence. For example, if you live in California, the Chicago Swift code will be different even for the same bank.
If you think all of these terms and conditions apply, but you still can't verify your bank account, try updating your books. sometimes you may need to update your book. If you are still unable to withdraw your money, please contact customer service.

The problem with massive withdrawals is that the process requires a long process, especially for banks. Because if you withdraw a very large amount, the broker will transfer it to your bank account. If the money has been transferred to the bank, the process will involve the central bank who will look at the source of your funds and if there are no problems with the money, they will send the money to the central bank in your country. And there you will also see your money, after no problems it will go to your account.

The more money you transfer, the longer it will take to reach your local bank account.

And if your broker (eg XM) offers segregated accounts and is registered with the regulators, your funds are actually segregated from the broker. And the broker cannot use your money because of this policy. if set, then check deposit policy. If they don't separate the funds from the broker's operating money, I think it's better not to interfere.

To keep your money safe, you need to find a separate account policy. Even some regulated brokers don't provide this. It is best for securing your funds, creating conditions of trust between you and the broker.

Hi friends, allow me to help answer yes... your forex withdrawal might be stuck in the middle or stuck somewhere. How did it happen? Well, there are usually several reasons for the long withdrawal process.

Withdrawal requests outside working hours

Although the withdrawal process is different for each broker. When it comes to forex withdrawals, forex brokers work longer hours than most companies. Traders should be provided with adequate support at least during Forex market business hours (i.e. 24 hours a day, from 17:00 EST on Sunday to 16:00 EST on Friday, excluding holidays). Forex withdrawals are not automatic. If you make a withdrawal outside of business hours, your request usually needs to be approved by our finance department and transferred to your preferred payment method. The payment method does not match where you live

Each broker usually offers several forex withdrawal methods. Starting with a bank account, there are methods like Skrill, Mastercard, Neteller and other withdrawal methods. Therefore, the withdrawal process is usually easier and faster if you live in the same country where the broker is located. However, if you are in another country, it usually takes more time and money, up to 2 weeks. Well, usually certain countries also have regulations regarding all acceptable withdrawal methods.

I want to continue my previous explanation because there are 4 possible problems with long forex withdrawal processes.
Incomplete Withdrawal Requirements. Typically, most brokers adopt a policy that "deposited funds must be returned to their original source, and excess funds can be withdrawn via bank transfer or electronic funds transfer". The main thing is before you deposit any amount, it is advisable to understand your broker's withdrawal procedure before withdrawing your forex funds. Of course, because each broker has different terms and guidelines.

fraud brokers. This is the most hated reason, SCAM broker. Please be careful. The world of Forex trading is indeed very tempting, but there are still many people who abuse it to commit fraud. Pretending to be lucky and running away with the funds we deposited, here are four things that can cause you to be interested and take too long to accept them.

Wow, you are a new customer at XM. I am also really interested in this broker, because this account is more complete in providing Stock CFD instruments. Same with you, I'm also interested in trying trading with Apple, Amazon and similar products. actually there is one more thing that I like about this broker, namely the leverage in forex trading is very high, up to 1:1000. And in my opinion this account competes with other brokers.

Because XM is a regulated broker, one of which is by the FSA, one of the international regulators, this account carries out an Anti-Money Laundering policy. To protect all parties from fraud and in accordance with applicable laws and regulations for the prevention and eradication of money laundering, XM's policy is that withdrawals can only be returned to the original source of funds.

By returning the client's funds to the origin of the funds, the withdrawal will be returned to you. e-wallet account. This applies to all withdrawal methods, and withdrawals must return to the source of the deposit funds.

If you initially made a deposit using a credit card, then you cannot make withdrawals using an E-Wallet, according to these conditions. Then you must continue to use your credit card as a tool to withdraw funds at XM.

To protect all parties from fraud and minimize the possibility of money laundering and/or terrorist financing, XM will only process withdrawals/refunds back to the original deposit source according to the Withdrawal Priority Procedure, namely: For credit card withdrawals. Withdrawal requests submitted, regardless of the withdrawal method ed, will be processed through this channel up to the total amount deposited by this method.

Your funds from the first withdrawal will be added to the same source where you deposited funds. The same source withdrawal will work like this – If you deposit $50 from your e-wallet then the first withdrawal funds will be deposited to your e-wallet only. You can change the method after the first withdrawal transaction.
All withdrawal requests at XM are processed within 1 day (except weekends & holidays). full withdrawal).

Hi guy, Good Morning, I will help answer your question. This is quite interesting to discuss further, because of course every trader, especially beginners, is always worried about their funds. So, you need to know that the maximum amount of funds that can be withdrawn must be the same as the initial deposit amount. For example, if you make a deposit using a debit or credit card of around 250 USD, then you can only withdraw an amount equal to the deposit back to the card.

When it comes to withdrawing funds from the profits you make in trading, you can withdraw them using one of the other payment methods offered. Please remember, if you want to check the withdrawal methods available in your area, then enter it into the member login.

Well, Furthermore, to ensure the security of your funds, all withdrawals must be returned to the original source of deposit. For example, if you deposited with your credit/debit card, each withdrawal request must return funds to the card before a new withdrawal request can be submitted via another method. So, if there is a case such as your card expiring, the rules still apply. However, don't worry, there are still ways you can withdraw the funds. If your bank account is closed and can no longer receive funds, please email the documents issued by your bank to confirm this to indonesian.support@xmglobal.com. Please ensure documents include the bank account number and date.

To be able to make a withdrawal, wait for your email to be confirmed by XM that we will not be able to withdraw funds from this account in the future. If you have requested a withdrawal to a closed bank account and the payment has already been processed, please send another email to XM to help you find the payment.

Hi guy, Good Morning, I will help answer your question. This is quite interesting to discuss further, because of course every trader, especially beginners, is always worried about their funds. So, you need to know that the maximum amount of funds that can be withdrawn must be the same as the initial deposit amount. For example, if you make a deposit using a debit or credit card of around 250 USD, then you can only withdraw an amount equal to the deposit back to the card.

When it comes to withdrawing funds from the profits you make in trading, you can withdraw them using one of the other payment methods offered. Please remember, if you want to check the withdrawal methods available in your area, then enter it into the member login.

Well, Furthermore, to ensure the security of your funds, all withdrawals must be returned to the original source of deposit. For example, if you deposited with your credit/debit card, each withdrawal request must return funds to the card before a new withdrawal request can be submitted via another method. So, if there is a case such as your card expiring, the rules still apply. However, don't worry, there are still ways you can withdraw the funds. If your bank account is closed and can no longer receive funds, please email the documents issued by your bank to confirm this to indonesian.support@xmglobal.com. Please ensure documents include the bank account number and date.

To be able to make a withdrawal, wait for your email to be confirmed by XM that we will not be able to withdraw funds from this account in the future. If you have requested a withdrawal to a closed bank account and the payment has already been processed, please send another email to XM to help you find the payment.

Hey there! Basically, good brokers, especially the ones regulated by financial authorities, usually have stuff in place to keep your money safe. Here's how:

• Regulation: First off, check if the broker is regulated by a legit financial authority. These guys set rules to make sure your money stays safe. For example, XM is regulated by ASIC, which is a top-tier regulation.
• Segregation of Funds: Many brokers keep your money separate from their own to protect it if they run into money troubles. XM does this too!
• Insurance or Compensation Schemes: Sometimes, countries or authorities have plans to compensate you if the broker goes under. It's like an extra layer of protection.
• Transparent Operations: A reliable broker is open about what they're doing. They share info about their money situation, follow the rules, and explain all the details in their terms and conditions. XM is all about that transparency.

In line with XM's commitment to regulatory compliance and combating financial crime, the requirement for clients to use the same method for both depositing and withdrawing funds serves as a crucial measure to prevent potential instances of money laundering and terrorism financing. Brokers like XM are particularly vigilant about scenarios where individuals may exploit different deposit and withdrawal methods to launder illicit funds. For instance, a money launderer might deposit illegally obtained funds into their trading account using one method, such as a bank transfer, and subsequently withdraw them through a different method, like a cryptocurrency wallet. This tactic aims to obfuscate the trail of funds and evade detection by regulatory authorities. By enforcing consistency in deposit and withdrawal methods, XM aims to enhance transparency, traceability, and regulatory compliance in financial transactions, thus safeguarding the integrity of its services and contributing to the broader efforts in combating financial crime.