Depositing funds to XM account is easy, but you should take notes of these 5 key aspects to ensure that your XM deposits run smoothly.

XM Deposits

One of the most important aspects to consider when choosing a broker is the ease of making payments. After all, you must always make a deposit before you can open a trade. Every broker has a different set of rules regarding deposits and withdrawals, so it's important to learn about the system before you register. In this guide, we're going to explore everything you need to know about making deposits at XM broker.


Why XM?

If you have been a trader for some time, you must be familiar with the XM broker. It is undeniably one of the most popular and trustworthy trading platforms out there. However, if you are a newbie, then you might want to consider checking the broker out. In case you are looking for a reliable professional broker with favorable trading conditions, XM could be your top choice.

Min Deposit
FCA, CySEC, BaFin, CNMV, FSP (New Zealand), ASIC, CONSOB (Italy), Belize Financial Service Commission (FSC), ESMA
Personal manager
Segregated accounts
Free education
Trading by phone
Compensation scheme
Negative balance protection
Affiliate program
Copy trading
Wire transfer

XM Group is a group of regulated brokers and it is owned by Trading Point Holdings Ltd. Entities under XM Group have significant experience as financial services providers worldwide.

Trading Point of Financial Instruments Ltd was established in 2009 with headquarters in Limassol, Cyprus, Trading Point of Financial Instruments Pty Ltd was established in 2015 with headquarters in Sydney, Australia, XM Global Limited was established in 2017 with headquarters in Belize and Trading Point MENA Limited was established in 2019 with headquarters in Dubai.

XM Group is regulated by the CySEC (Cyprus Securities and Exchange Commission) - Trading Point of Financial Instruments Ltd, FSC (Financial Services Commission) – XM Global Limited, the ASIC (Australian Securities and Investments Commission) - Trading Point of Financial Instruments Pty Ltd and DFSA (Dubai Financial Services Authority) - Trading Point MENA Limited.

XM is one of the more experienced brokers in the world of online forex trading today. Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and EN Live Edu that is instructed by 16 global experts.

In terms of trading instruments, XM is a well-known diverse class assets provider, varying from Forex, Crypto, Stock CFDs, Turbo Stocks, Commodities, Equity Indices, Precious Metals, Energies, & Shares. XM prides itself to be the ideal broker in trading execution, offering a stat of 99.35% orders to be executed in less than 1 second. Trading in XM would be also provided with a strict no requotes policy, no virtual dealer plug-in, no rejection of orders, real-time market execution, and the choice for traders to place orders online or by phone.

Spreads on all majors can reach as low as 0.6 pips in Ultra-Low Account, while spreads on other accounts usually start from 1 pip.

To protect the client's fund in the event of extreme volatility, XM presents each account type with Negative Balance Protection. Minimum deposit of $5 applies to Standard, Micro, and also Ultra-Low Accounts. Traders who open accounts in XM are enabled a condition similar to a Cent Account environment in the Micro Account, in which the Contract Size for every lot is only 1,000 units. If it is applied with the smallest lot size in the MetaTrader platform which amounts to 0.01, it means that traders can go as small as 10 units per trade.

For the deposit, XM applies zero-fee deposits in most of its available payment methods. Traders can choose to fund or withdraw their accounts via wire transfer, credit card, as well as the most favorable e-payment choices like Skrill, Neteller, and FasaPay.

To give their clients the best experiment in trading, XM has given access to both MT4 and MT5 platforms, each is available for more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android, and Android Tablet).

All in all, there is no doubt that XM has gone global with its deep commitment to providing services in more than 30 different languages across the world. Aside from easing traders' experience with mainstream trading platforms and high-quality trading execution, XM is open to various types of traders, from small capital traders to the more experienced ones with big deposits at the ready. Traders are even provided with a Cent Trading environment should they choose to register under Micro Account.

For their global approach, XM has ensured that traders from various countries could access their service easily. This results in the provision of different domains specified for traders in certain jurisdictions. For example, traders from Indonesia could access XM via this link.

Now that you have a sufficient depiction about XM broker, let's talk about the most important things to ensure a successful deposit in the broker.


1. XM Account Base Currency

Essentially, you can deposit money in any currency. It will be automatically converted into the base currency of your account using the XM inter-bank price. Like most top brokers, XM accounts are available in several base currencies. Base currency is basically the one that you use to trade and make deposits. This allows traders to trade from various regions around the globe.

Here are the base currencies available at XM:

  • USD
  • EUR
  • GBP
  • JPY
  • CHF
  • AUD
  • HUF
  • PLN
  • RUB
  • SGD
  • ZAR

The various options allow you to find the best one suitable to your liking and preference. However, please note that the availability of those currencies depends on your location and the account type you use. Here's the detail:

  • Standard and Micro account holders can use any major currency as the base currency.
  • For Zero account holders, USD, EUR, and JPY are available.
  • For XM Shares account holders, only USD is available for trading.
  • Ultra-Low account holders can choose between USD, EUR, GBP, ZAR, and SGD.
  • Russian RUB is only available if you are located outside of the CySEC regulatory area.


2. Available Payment Methods

XM offers a wide range of payment methods for making deposits. The options depend on the country in which you live and each method has a different set of rules to consider.

  • Bank Wire Transfer
    Bank wire transfer is perhaps the most common payment method in forex trading. This method is available for traders worldwide, but the processing time is a bit longer compared to other options. Not to mention how deposits via bank transfer can take around two to five business days.

  • Credit/Debit Cards
    XM accepts Visa cards, Visa Electron, Mastercard, and Maestro. This method is available to all traders worldwide and widely preferred as most people have a debit or credit card. The processing time is instant to a few hours. However, keep in mind that most credit cards have limits, so the amount of deposit is also limited.

  • Electronic Wallets
    For e-wallets, XM accepts Neteller, Skrill, UnionPay, and Web Money. All e-wallets can process deposits instantly, except for UnionPay which typically needs up to 24 hours of processing time.

  • Other Payment Options
    There are other options like Western Union and MoneyGram, but these will depend on your location. You can refer to the broker's website to see which local methods and local bank transfers are available in your area.


3. Minimum Deposit and Deposit Fees

When making a deposit, you should pay attention to the minimum amount required. It is important to know that in XM broker, the minimum deposit depends on the account type you use, not the payment method. Here are the details:

  • For Standard and Micro accounts, the minimum deposit is $5.
  • For Ultra-low trading accounts, the minimum deposit is $50.
  • For Shares accounts, the minimum deposit is $10,000.

As for the fees, all XM deposits are free of charge. XM basically covers all transfer fees for payments via credit cards and most e-wallets so you won't have to pay anything except for additional costs that might be charged by the bank or the third-party service provider. Aside from that, any deposit of above $200 via bank transfer is also included in the zero fees policy.


4. Deposit Bonus

To encourage new traders, XM broker offers a bonus system that basically rewards you with additional funds to your account. You can get a $30 no-deposit bonus simply by opening a new account or other amounts of bonuses depending on which area you're from.

Keep in mind that deposit bonuses are non-withdrawable, so you won't be able to withdraw them without trading them first. Once you make profits from the trading, all the earnings will belong to you and you can withdraw it any time you want.


5. How to Make a Deposit at XM

Follow this step-by-step guide to make a deposit at XM:

  1. Register to XM and make a live trading account if you haven't already. Simply go to the broker's website and follow the instructions to sign up. You'll also need to verify your identity, so make sure to prepare all the documents needed to verify your account.
  2. Log in to your account and go to the deposit page.
  3. Select the funding method of your preference and read the requirements.
  4. Enter the amount that you wish to deposit and specify the currency. Make sure to check for additional costs before proceeding.
  5. Complete the transaction.

The money will be transferred to your account as soon as possible. Depending on the method you choose, the money will show up in a few minutes to a few business days. You'll receive a receipt from XM after the funds are successfully transferred.


In addition to deposit conditions, there are other factors to consider when reviewing a good broker. To inspect XM further, you could examine their pros and cons thoroughly.