Some questions for XM

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L Luigi Haywood Dec 2 2022

I am very interested in joing XM. But, I have a few questions, especially regarding the deposits.

1. What payment methods I can use to fund my accounts (as well as withdrawals)?

2. What kind of currencies does XM accept for account fundings?

3. Is there any minimum amount of money I can withdraw?

(2)

G Gerard
Jan 24 2024

@Luigi Haywood:

Which payment methods are available for depositing and withdrawing funds from my accounts?

XM provides a variety of payment methods that are commonly found in other brokerage platforms. Firstly, there's the option of Bank Transfer, which typically takes up to 5 business days for processing if no issues arise. Secondly, XM allows deposits and withdrawals through credit and debit cards, specifically from VISA and Mastercard. Lastly, e-wallet payment methods like Skrill and Neteller are offered, although personally, I find them less suitable. You can find more details about these options here: How to Withdraw Your Money from XM?

What currencies does XM accept for account fundings?

When it comes to currencies, XM accepts USD, EUR, GBP, CHF, AUD, PLN, ZAR, SGD, and JPY as main currencies. Note that if you are not a trader from one of these regional countries, your base account funding will automatically be in USD.

Is there a minimum withdrawal amount?

The minimum withdrawal amount you can request is approximately $5 for any account, and there are no fees involved except for e-wallets, which may charge you.

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