Xm forex deposit
- 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.
Free forex bonuses
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.
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:
- USD
- EUR
- GBP
- JPY
- CHF
- AUD
- HUF
- PLN
- RUB
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 no deposit
Want to check what XM forex broker offers before making real money deposit with it? XM free bonus 30 USD is perfect tool for testing broker’s possibilities with no deposit! Should you try it? It is unclear, since there are better deals in the market. Here are few main advantages of XM no deposit bonus:
This bonus will not even require any documents from you! So read XM free bonus 30 USD review or get cash now!
Why would you want free XM bonus 30 USD? From the point of view of the professional traders it is always better to check all trading possibilities e.G. Commissions and execution time, before you give your money to this broker. This is why, getting XM no deposit bonus before you start trading with it, is awesome idea. Who knows, maybe your free trading would be so advanced that you make enough profits, to stay without any deposits. But we have to mention that XM forex broker is questionable and we would not advise you to deposit any money with it afterwards.
Getting this free forex cash is not difficult, and best bonus forex recons that it is actually more simple than making real 30 USD on your job or somewhere else. You should just register via link that is provided below and give your real cellphone number to XM forex broker. They will verify it via SMS and that would be actually it. Free money are supposed to come to you right away, if broker does not decides to cancel your bonus.
Lucky enough to get your bonus and are ready to take profits from the XM, hoping that it will not reject your request? In order to do so, you will have to fulfill few conditions.
First of all, trading volume that you have made should be at least 0.5 lots. This is not actually difficult, especially with 1:888 leverage. But remember, any trade below 0.01 lot will not be counted.
Secondly, there is a limit on your first withdrawal with XM no deposit bonus. You have to cash out at least 60 USD. Which is basically doubling up your starting money, shouldn’t be a problem, huh?
As a nice addition that should make your cash out even easier, there is no specified expiration date of your free XM cash. So, even if you trade really slowly, at some point you will be able to get required amount and get your forex profits if XM forex broker allows you to.
But be aware, that XM no deposit bonus conditions allow it to reject your withdrawal without any reason.
XM free bonus 30 USD is provided by forex broker with questionable conditions and reputation. We do not recommend you to take it.
Every deal has positive and negative sides. So what are pros and cons of the XM free bonus 30 USD? Read them below.
Bright side of the bonus
- Web trader and MT4 platforms
- No expiration date
- Small required trading volume
- Questionable broker
- Better conditions of other deals
- Not available for mobile trading
Getting XM no deposit bonus is really easy. You can click on any of the buttons above, or use links in this guide in order to start your free forex trading now!
Step 1
So, if you are at the website of XM forex broker, just click green button and start registration process.
Alternatively, you can click over here and you will end up right at the beginning of the registration process.
Step 2
The button will take you to the real account registration form, which looks like this.
![XM Deposit Bonus: policies and limitations, xm forex deposit. XM Free 30 USD](https://bestbonusforex.com/wp-content/uploads/2015/08/step-1.png)
Do not be afraid, you will not have to deposit any money, XM free bonus 30 USD will be there for you. Provide your real data together with your phone number, since it will be verified. Then press “proceed to step 2” button.
Step 3
Choose your account type, amount of the investments and preferred leverage. Caution, you will have to give information about your investment experience and business that you are involved to. This is a standard set of questions, so do not be afraid!
![XM Deposit Bonus: policies and limitations, xm forex deposit. Get XM Free 30 USD](https://bestbonusforex.com/wp-content/uploads/2015/08/step-2.png)
Step 4
Boom! You have created an account at XM forex broker! All what is left for you to do – find data for your login details in your inbox and login into members area. Free XM cash is hopefully there!
![XM Deposit Bonus: policies and limitations, xm forex deposit. XM Free 30 USD](https://bestbonusforex.com/wp-content/uploads/2015/08/step-3.png)
Step 5
After you will get into members area, you will have to type in verification code that has been send as an SMS to your phone. Keep it up, you are almost there.
Final step
So, this is it! Now you should get your free forex cash from XM! They do ask for 24 hours waiting time, but in reality it takes around 30 minutes to see money on your account balance. Do not be surprised, if you do not see them as a deposit money on your account, they are in another field of your balance sheet. They will be transferred to the deposit money when you clear them up, so in 0.5 lots of trading volume. Also, do remember that if broker decides, it can easily exclude you from promotion.
We have tested this promotion several times. As a matter of fact, we did receive promotional offers from the broker via SMS and calls. Honestly speaking, right after finishing registration process, author’s cellphone called and it was his new account manager from the XM. More to that, account manager always sends you promotional deals to your email, so be prepared to find plenty of them.
This bonus seems like a fair deal for starters or free cash seekers. Conditions of XM free bonus 30 USD are pretty loyal and there is no hurry in terms of bonus clearance involved. Furthermore, you will be able to use your XM no deposit bonus on metatrader 4 for windows as well as mac OS X, or to make your trades in web browser without any downloads needed. But do remember that this broker is questionable and it has been caught on some questionable rejects and annoying calls to clients. You can claim your bonus here.
Review
Introduction
![XM Deposit Bonus: policies and limitations, xm forex deposit. XM Deposit Bonus: policies and limitations, xm forex deposit.](https://www.forexbroker.com/uploads/XM1.png)
XM was first started back in 2009 in london and now they have an offering of more than 400 different instruments.
This includes over 350 cfds, as well as 57 currency pairs and 5 cryptocurrency cfds. XM is regulated by the FCA in the united kingdom and they have european passports with the mifid, as well as being regulated by the cysec in cyprus, as well as being regulated in australia as an ASIC entity.
They offer more than 30 language options for their users and they cater for any and all levels of trader. One of the recent awards they have received is being named as the best FX broker in europe in 2018 by the world finance magazine.
- Over 30 supported languages
- Numerous esteemed awards
- Regulated by well-respected authorities
Trading conditions
XM offer three different types of account for their users. The micro account is best suited to beginners, with the standard account being ideal for flexible traders. The XM zero account generally is best suited for regular traders or those who place significant trades.
Depending on the specific instrument, for each of the account types you will be dealing with leverage ranging from 1:1 up to 30:1. While there are seven base currency options available with micro and standard accounts, you can only deal with USD and EUR when you have a XM zero account.
You have two accounts which are free from commissions – standard and micro accounts, while the XM zero account is based on commission. Looking at the XM zero account, the average spread for EUR/USD is 0.1 pips excluding the commission. For the same pair on the other two accounts, the average spread for this currency pair is 1.7 pips.
The commission is $5 per side, so you are looking at competitive pricing as a whole.
XM always have a range of promotions they are running at any given time. They have a 100% deposit bonus up to $5,000, they have free VPS services and there are no fees on both deposits and withdrawals.
- Wide ranging promotions
- Commission free account options
- 3 different account types
Products
In total, there are 356 different cfds offered by XM, with five of these being cryptocurrency cfds. There are 57 currency pairs on offer and they don’t offer any ETF products.
- 356 CFD options
- No ETF products
- 57 currency pairs
Regulation
Having been around since 2009, XM are regulated by a number of trusted authorities. They are authorised in the european union, as well as being regulated by the FCA in the united kingdom. They have the necessary approval from the cysec in cyprus as well as being a ASIC regulated entity in australia.
Platforms
![XM Deposit Bonus: policies and limitations, xm forex deposit. XM Deposit Bonus: policies and limitations, xm forex deposit.](https://www.forexbroker.com/uploads/XM2.png)
The only platform that is offered by XM is metatrader, which is an industry standard trading platform. They offer both metatrader 4 and metatrader 5 and they have tweaked them slightly to suit the specific needs of their users.
![XM Deposit Bonus: policies and limitations, xm forex deposit. XM Deposit Bonus: policies and limitations, xm forex deposit.](https://www.forexbroker.com/uploads/XM3.png)
You have access to virtual trading, but those using mac desktop computers will not be able to run this trading platform optimally. There are 51 different trading indicators available to you and there are 31 charting tools you can utilise.
- Metatrader is the only trading platform available
- 51 trading indicators
Mobile trading
As a result of being a metatrader only platform, you will able to utilise the platforms on ios and android devices, whether it is through the MT4 or mt5 apps which can be downloaded straight away from either the app store or the android play store.
There are 30 trading charting indicators available on the mobile apps and you have the full range of trading instruments to choose from with these apps.
Pricing
With XM the amount of fees and commission that you have to pay will be dependent on what sort of account you have with them. There are three different account types in total. You have two accounts which are free from commissions – standard and micro accounts, while the XM zero account is based on commission.
Looking at the XM zero account, the average spread for EUR/USD is 0.1 pips excluding the commission. For the same pair on the other two accounts, the average spread for this currency pair is 1.7 pips.
The commission is $5 per side, so you are looking at competitive pricing as a whole.
Lower overall spreads can be achieved by XM as they are the sole dealer in every single trade.
- Competitive spreads thanks to XM being the sole dealer
- Varying commissions and fee levels depending on account type
Deposits & withdrawals
With the micro and standard account types, you are not subject to a minimum deposit, but usually you will have to deposit at least $5 due to system requirements. There is a minimum required deposit of $100 for the XM zero account type.
All of the usual forms of deposit and withdrawal are available with XM, such as neteller moneybookers, debit and credit cards and skrill. Most of the deposit options will allow you to have your deposit processed instantly. Bank transfers will take between 2 and 5 business days to process though.
When it comes to withdrawing from XM, most options will have your withdrawal processed within 24 hours without having a minimum required withdrawal. If you are withdrawing via a bank transfer, then you will have to wait between 2 and 5 business days for it to be processed and there is a minimum withdrawal of $200 in place.
- Variety of banking options
- Quick processing times
Customer support
More than 14 languages are catered for through the customer support service at XM. You can reach them no matter what time of day it may be through their live chat feature.
You can also give them a call or send them an email, with the team working on weekdays only.
- 14 languages catered for
- 24/5 customer support
![XM Deposit Bonus: policies and limitations, xm forex deposit. XM Deposit Bonus: policies and limitations, xm forex deposit.](https://www.forexbroker.com/uploads/XM4.png)
Research & education
There is a library of free educational materials for XM users including the likes of week interactive webinars and video tutorials. They always have the latest news from the world of forex as well as providing regular market analysis from the team of experts at the platform. They also have a range of tools and calculators that provide everything a trader needs when making certain calculations.
Noteworthy points
As a whole XM is a trusted broker that has a solid and unspectacular offering for their users. They look after the needs of their clients through quality customer support and they have regular promotions such as a free VPS service.
![XM Deposit Bonus: policies and limitations, xm forex deposit. XM Deposit Bonus: policies and limitations, xm forex deposit.](https://www.forexbroker.com/uploads/XM5.png)
As they are completely reliant on metatrader platforms, those familiar with the sector can easily utilize the broker as it is similar to a lot of other offerings out there.
![XM Deposit Bonus: policies and limitations, xm forex deposit. XM Deposit Bonus: policies and limitations, xm forex deposit.](https://www.forexbroker.com/uploads/XM6.png)
Catering for 30 languages and having received numerous awards in recent years, including being named as the best FX broker in europe in 2018 by the world finance magazine, they hold a reputable place in the sector.
- 30 languages catered for
- Free VPS service
- Best broker in europe 2018 – world finance magazine
Conclusion
XM is a broker that has been around since 2009 and now employs more than 300 people. They have a diverse offering of instruments, which caters for the needs of their users in an adequate manner.
As they are reliant on metatrader for the trading software, you are not going to be surprised by anything on this front. They have a decent welcome bonus, matching your first deposit 100% up to a max bonus of $5,000.
They have a wide ranging section for education, including free weekly webinars that are interactive. It is an ideal learning ground for beginner traders and with three different account types, they cater for all kinds of traders depending on what their specific needs may be.
If you are looking for a platform that is easy and straightforward to use and that looks after their users, XM could be the right option for you.
Comparison
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XM: login, minimum deposit, withdrawal time?
![XM Deposit Bonus: policies and limitations, xm forex deposit. XM Deposit Bonus: policies and limitations, xm forex deposit.](https://deposit-withdraw.com/wp-content/uploads/2016/07/xm-tfr.png)
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.
XM LOGIN
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.
XM deposit and withdrawal methods in 2021
In our xm.Com broker review, we described the basic features and offers of this famous forex broker. In this article, we will analyze only deposit and withdrawal options.
XM is one of the leading foreign exchange (forex) brokers globally, and millions of traders worldwide are using XM for forex trading. Many of these forex traders are investing large amounts of money for forex trading. They would like to find out the XM deposit and withdrawal methods to make a decision accordingly. One of the factors affecting the choice of the deposit or withdrawal method is the country in which the trader is residing. Some payment/withdrawal methods are popular in each country due to several factors, and the trader will usually use that method since the fees will be less. Unless specified, the currencies for the deposit and withdrawal methods are USD, EUR, GBP, CHF, HUF, PLN, AUD.
XM deposit and withdrawal methods are online payment methods that XM forex broker allows for traders. XM.Com deposit and withdrawal methods are credit card, debit card, neteller, skrill, unionpay, bank wire. XM withdrawal options for partners are skrill, neteller, and bank wire.
XM offers payment options for traders, such as:
- VISA
- VISA electron
- Mastercard
- Maestro
- Diners club international
- Unionpay
- XM card
- Skrill
- Neteller
- Web money
- Bank wire
The minimum deposit for an XM account is $5 for MICRO and STANDARD forex trading accounts, $50 for ULTRA LOW trading accounts, $10 000 for SHARES accounts.XM minimum withdrawal value is $5 for MICRO and STANDARD forex trading accounts, $50 for ULTRA LOW trading accounts, while for SHARES accounts is $10 000. The minimum deposit value for the XM account and minimum withdrawal for the XM account is related to the type of order and not the payment method. Skrill withdrawal option is one of the most used payment methods, and the minimum deposit for skrill (withdrawal too) is based on account types.
![XM Deposit Bonus: policies and limitations, xm forex deposit. bitcoin competitive prices hotforex ad](https://cdn.shortpixel.ai/client/q_lossy,ret_img,w_300,h_250/https://www.forex.in.rs/wp-content/uploads/2020/02/3005c9a2285.jpg)
XM deposit methods
How to deposit the XM account? There are several XM deposit options:
XM credit/debit card
![XM Deposit Bonus: policies and limitations, xm forex deposit. hotforex ad security of funds](https://cdn.shortpixel.ai/client/q_lossy,ret_img,w_300,h_250/https://www.forex.in.rs/wp-content/uploads/2020/02/30009f818e6.jpg)
XM accepts deposits using credit and debit cards from visa, visa electron, mastercard, maestro. The minimum deposit amount is $5, and the amount is immediately credited to the user’s forex account. There are no fees for using this deposit method. Since most people have a debit or credit card, this deposit method is widely preferred. However, most credit and debit cards have a limit, so the amount which can be deposited is also limited.
XM electronic payment
All the electronic payment methods have no fees and a minimum deposit of $5. Neteller, skrill, and unionpay are some of the electronic payment methods. For neteller and skrill, the amount is credited to the forex account immediately, while for union pay, the deposit will be processed within 24 hours. Cash only accepts USD deposits and przelewy24 accepts PLN deposits, and the amount is instantly credited to the forex account. For bitcoin, deposits in only three currencies, USD, EUR, JPY, are accepted, and it may take up to one hour for the payment to get processed.
XM banking
For sofort banking, deposits are only accepted in eur & GBP. Though the minimum amount is $5, and there are no fees, the deposit processing time will vary depending on the country. For conventional bank transfer of deposit amount in the forex account, at least two hundred USD or equivalent will have to be deposited in the forex account at a time. The fees depend on the bank, which is used. The amount deposited in the bank account will be credited to the forex account within two to five business days.
XM withdrawal review
If a user wishes to withdraw his money from the XM account, they will have to provide the know your customer (KYC) documents, which are specified. These documents are necessary to prevent money laundering according to the various regulatory bodies’ requirements in different countries. XM has an online and offline form where the customer’s personal information and background details have to be provided. This information will help XM in providing better service to their customers.
![XM Deposit Bonus: policies and limitations, xm forex deposit. tight spreads hotforex ad](https://cdn.shortpixel.ai/client/q_lossy,ret_img,w_300,h_250/https://www.forex.in.rs/wp-content/uploads/2020/02/3002151ef39.jpg)
Compared to deposits, there are fewer withdrawal methods, which are discussed below. Unless specified, the XM user will have to withdraw at least five USD at a time, and there are no fees for withdrawal. The processing time for the withdrawal request is usually 24 hours on working days if the customer has completed the KYC requirements and submitted the documents required. These documents are the identity proof and proof of address of the trader. However, the amount will be credited to the linked bank account, usually only after three to five business working days.
XM credit cards and electronic payment
Visa, visa electron credit and debit cards, maestro and mastercard credit cards can be used for withdrawing funds. Unionpay is another option for fund withdrawal. Similarly, skrill ( earlier called moneybookers) and neteller are electronic payment methods used for fund withdrawal. Bitcoin can also be used for withdrawing the money in the XM account, though funds can only be withdrawn in USD, EUR, and JPY. Usually, credit/debit card withdrawals are given top priority by XM, followed by bitcoin withdrawals and neteller/skrill (e-wallet) withdrawals.
XM bank wire transfer
Many of the forex traders are trading in large amounts, and they prefer to make bank wire transfers to withdraw their profit.
The smallest amount permitted for making a withdrawal to a bank account is two hundred dollars. The withdrawal fees will vary based on the bank selected by the trader. The amount is usually credited to the bank account two to five business days after the withdrawal request is made. XM may process the bank withdrawal requests more slowly. The longest period of XM bank wire transfer withdrawal was 5 days in my last 8 years.
![XM Deposit Bonus: policies and limitations, xm forex deposit. live webinars hotforex ad](https://cdn.shortpixel.ai/client/q_lossy,ret_img,w_300,h_250/https://www.forex.in.rs/wp-content/uploads/2020/02/300d2633b0c.jpg)
XM fund safety
To keep their clients’ funds, the forex traders safe, XM takes all measures to prevent unauthorized access to their information systems. All the funds of their clients are segregated and kept with the most reputed banks worldwide. Additionally, XM is also offering negative balance protection to their clients. XM has a risk management system implemented, which will ensure that the trader’s loss will be limited to the amount deposited with XM only.
Forex trading without any deposit
Many people are interested in forex trading yet do not have the money to take the risk. However, it is still possible to get some experience in forex trading without making a deposit.
XM no deposit bonus
![XM Deposit Bonus: policies and limitations, xm forex deposit. tight spreads hotforex ad](https://cdn.shortpixel.ai/client/q_lossy,ret_img,w_300,h_250/https://www.forex.in.rs/wp-content/uploads/2020/02/3002151ef39.jpg)
To encourage people who are curious about forex trading, XM offers a $30 no deposit bonus to all those who create a new account with XM. This allows the new trader to take the risk of trading without risking his own money. The amount is directly credited to the live trading account and helps the trader understand market conditions.
XM demo account
XM also allows new traders to create a demo or virtual account to trade in forex with virtual money. The trader will be given $50,000 in virtual money for each account created, which he can use to trade, become familiar with the features, and test strategies. A trader can create any number of demo accounts to practice trading. If the demo account is inactive for a long period, it will be deleted immediately.
XM's all deposit and withdrawal options and its conditions
How to make deposit and withdrawal to / from XM MT4 and MT5?
Here is the available funding options and each conditions.
XM - what's now?
Leverage 1:888 does not apply to client registered under the EU regulated entity of the group. The maximum leverage for trading point of financial instruments is 30:1.
- XM’s all deposit and withdrawal methods
- List of fund deposit methods for XM MT4 and MT5
- How to make a deposit to XM MT4 or MT5?
- Anything to be careful before making a deposit?
- List of fund withdrawal methods for XM MT4 and MT5
- Any requirements for fund withdrawal?
- Profit withdrawal requires identity verification process (KYC)
- Are my funds safe with XM?
- Clients’ funds are segregated
- Negative balance protection
- Who is XM?
- Start trading with XM without making a deposit
- XM’s 30 USD no deposit bonus
- Open a demo trading account and trade with virtual money
- How to register for XM’s DEMO account?
- XM’s demo account expires in case of inactivity
XM’s all deposit and withdrawal methods
XM accepts a variety of internationally recognized payment system to ensure maximum availability of your most favorite online payment system.
Below you will find brief information about XM’s accepted deposit methods and withdrawal methods, and more detailed information about commissions, fees, withdrawal terms and payment system country restrictions (if any).
List of fund deposit methods for XM MT4 and MT5
Here is the list of currently available fund deposit & withdrawal methods accepted by XM.
Deposit options | ||||
---|---|---|---|---|
credit cards | accepted currency | minimum amount | fees | appriximate time |
visa (credit/debit) | USD, EUR, GBP, CHF, AUD, PLN, HUF | 5 USD (or equivalent) | none | instantly |
visa electron (credit/debit) | USD, EUR, GBP, CHF, AUD, PLN, HUF | 5 USD (or equivalent) | none | instantly |
mastercard | USD, EUR, GBP, CHF, AUD, PLN, HUF | 5 USD (or equivalent) | none | instantly |
maestro | USD, EUR, GBP, CHF, AUD, PLN, HUF | 5 USD (or equivalent) | none | instantly |
unionpay(中国银联) | USD, EUR, GBP, CHF, AUD, PLN, HUF | 5 USD (or equivalent) | none | within 24 hours |
electronic payment | ||||
neteller | USD, EUR, GBP, CHF, AUD, PLN, HUF | 5 USD (or equivalent) | none | instantly |
skrill (moneybookers) | USD, EUR, GBP, CHF, AUD, PLN, HUF | 5 USD (or equivalent) | none | instantly |
sofort banking | EUR, GBP | 5 USD (or equivalent) | none | depends on country |
cashu | USD | 5 USD (or equivalent) | none | instantly |
przelewy 24 | PLN | 5 USD (or equivalent) | none | instantly |
bitcoin | USD, EUR, JPY | 5 USD (or equivalent) | none | within 1 hour |
bank wire transfer | ||||
bank transfer | USD, EUR, GBP, CHF, AUD, PLN, HUF | 200 USD (or equivalent) | depends on banks | 2 – 5 business days |
How to make a deposit to XM MT4 or MT5?
First, you need to login to XM’s members area, then go to the “deposit” page and follow the instructions of each method.
Anything to be careful before making a deposit?
XM does not accept deposits from third parties. As in, no one else can make a deposit to your trading account.
There is no minimum deposit requirement for micro or standard account, but at least 200 USD is required for XM zero account.
List of fund withdrawal methods for XM MT4 and MT5
withdrawal options | ||||
---|---|---|---|---|
credit cards | accepted currency | minimum amount | fees | appriximate time |
visa (credit/debit) | USD, EUR, GBP, CHF, AUD, PLN, HUF | 5 USD (or equivalent) | none | within 24 hours |
visa electron (credit/debit) | USD, EUR, GBP, CHF, AUD, PLN, HUF | 5 USD (or equivalent) | none | within 24 hours |
mastercard | USD, EUR, GBP, CHF, AUD, PLN, HUF | 5 USD (or equivalent) | none | within 24 hours |
maestro | USD, EUR, GBP, CHF, AUD, PLN, HUF | 5 USD (or equivalent) | none | within 24 hours |
unionpay(中国银联) | USD, EUR, GBP, CHF, AUD, PLN, HUF | 5 USD (or equivalent) | none | within 24 hours |
electronic payment | ||||
neteller | USD, EUR, GBP, CHF, AUD, PLN, HUF | 5 USD (or equivalent) | none | within 24 hours |
skrill (moneybookers) | USD, EUR, GBP, CHF, AUD, PLN, HUF | 5 USD (or equivalent) | none | within 24 hours |
bitcoin | USD, EUR, JPY | 5 USD (or equivalent) | none | within 24 hours |
bank wire transfer | ||||
bank transfer | USD, EUR, GBP, CHF, AUD, PLN, HUF | 200 USD (or equivalent) | depends on banks | 2 – 5 business days |
Any requirements for fund withdrawal?
XM processes withdrawals according to the below withdrawal priority procedure:
- Credit/debit card
- Bitcoin
- E-wallet(electronic payment)
- Other methods (bank transfer)
For more information, please contact XM support team.
Profit withdrawal requires identity verification process (KYC)
As a licensed company, XM prides themselves on the integrity and transparency of the business.
It is a legal requirement of the international anti money laundering act and part of the memorandum of understanding XM has in place with the different regulatory bodies that they are able to positively identify all customers.
This process helps XM provide their best service, and ensures minimal disruptions to your trading.
XM’s KYC processes are the best and the easiest to complete in the industry and they pride themselves on the recognition they have received by being made socially responsible market operators.
All XM’s traders are required to complete a simple form available online and offline where XM can gather several information about your personal background and trading experience that should help them in offering you more professional services.
Please login to your account dashboard and check the KYC module for more information.
Are my funds safe with XM?
For XM, the creation of a fully protected and transparent environment, in which to trade, is of paramount importance.
XM makes sure they do all they possibly can to give you complete peace of mind when depositing your money with them and offer full transparency in everything they do.
XM prides itself on employing strict and uncompromising measures both automated and manual, to ensure that every part of XM’s information systems are fully protected.
XM is committed to keeping your money safe.
XM is a multi-licensed online forex and CFD broker, and that gives XM clients assurance that any funds held with XM are secure and that their resources are adequately managed at all times.
1. Clients’ funds are segregated
As a retail client of XM, you can rest assured that your funds are completely safe.
Client funds are held at some finest and most reputable banks.
With XM, your money is always segregated under regulations / rules and cannot be used by them, XM’s prime brokers, agents and/or their counter-parties.
2. Negative balance protection
XM’s automated risk management system is designed to reduce the risk of your trading account being depleted to zero or turning negative.
You are completely protected against losing any funds that excess your investment with XM.
Who is XM?
XM offers internet-based trading services all over the world, enabling trading operations in the international currency market forex.
XM enables trading different financial instruments such as forex trading, CFD trading in various markets, index and commodity futures and metals, while ensuring round the clock quality technical support.
XM’s handy and easy to use trading platform metatrader4 and metatrader5 offer access to timely financial news, technical analysis of financial instruments, the ability to use mechanical trading systems and much more.
XM pays special attention to their clients, by finding and carefully hand-picking real professionals, who know their jobs.
- Raising the level of financial ability among the population.
- Ensuring the best trading conditions, which rival the ones offered by leading banks.
- Expanding the selection of trading instruments by offering new demandable instruments.
- Creating innovative solutions, which help the traders perform transactions.
- Offering high-quality and high-speed technical support to our customers.
Start trading with XM without making a deposit
If you are not ready to make a deposit to XM’s MT4 or MT5 accounts but you want to start investing, there are still 2 main ways to start your online investment journey with XM.
You can either get XM’s welcome bonus which XM gives you for free and does not require you to make a deposit, or open XM’s demo trading account where you can trade with virtual money to experience XM’s trading conditions without risking your own funds.
1. XM’s 30 USD no deposit bonus
XM’s 30 USD no deposit bonus welcomes new traders of XM.
For eligible traders, XM’s 30 USD no deposit bonus can be credited into live trading accounts without a need of making a deposit.
With XM’s 30 USD no deposit bonus, you can trade on XM’s live trading account without making a deposit and without risking your own funds.
Unlike XM’s demo account, the trading with the bonus will involve real market thus you can experience the market conditions.
For more information about XM’s 30 USD no deposit bonus, please visit the page below.
2. Open a demo trading account and trade with virtual money
XM’s demo account is a forex trading account pre-loaded with virtual money instead of real money in real accounts.
People are always required and encouraged to train themselves on a demo account before engaging in real trading to make sure they get familiar with the platform’s features, market’s hectic hours as well as for testing and enhancing their trading strategies or expert advisers.
How to register for XM’s DEMO account?
Just download XM’s free metatrader4 or metatrader5 terminal from XM official website, install and launch to obtain your free $50,000 demo account automatically. (or any other amount)
You should be ready to trade the markets within 5 minutes of downloading XM’s platform.
You can also signup from here to start from online registration with XM, and get the trading tools, educational materials and access to XM’s members are.
XM’s demo account expires in case of inactivity
To maintain healthy and fast trading servers, all XM demo accounts are set to expire in certain days.
After your demo account expires, you can simply register a new demo account at anytime.
You can signup for as many demo accounts as you need.
Please download metatrader4 or metatrader5 forex trading platform from XM official website and install it on your PC or handheld device to get started.
A demo account is automatically created for you upon first login and pre-funded with $50,000 virtual dollars (or any other amounts).
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See the trading condition of this mega FX broker.
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I personally think that xm is a scam!! Deposited $99 last week then traded NFP.Made a profit of $326.26 then tried to withdraw the profits but xm wouldn’t let me.They keep telling me that I tried using a third party bank card and funny enough,the very same card that deposited the funds to my account is the “third party”.And worst of all,my $99 deposit has vanished from my trading account yet I’ve been told it has been returned to my trading account.People need to stay away from xm
Pl;ease can you assist on how to make a withdrawal from neteller.Because with my credit card its refusing to process the withdrawal.
Why does it keep telling me my account is invalid when i just made it and had it confirmed via email, i’ve downloaded MT5 from the official website but keeps telling me the account login
I want to change my xm server to mt4
Xm is a scam i made €149 and i made a withdrawal today and they sent me an email saying i can’t take my withdrawal and it was rejected
You are waiting for weeks without asking xm reason? Pretty sure you are missing something….. Me and my friends had never trouble with xm for years
They scammed me I’ve been waiting for my withdrawal for weeks now
Was xm’s server off for about one hour? Any infor?
Can i withdraw the prize of 10 year anniversary? What is requirement?
What if someone have more than $5 to deposit in standard account is it posible
I have nice experience with xm and I just withdrawn profit after 3 month of trading. Very professional and I will continue using mt5 account.
I trust xm with my money. Professional and serious support unlike other amateur brokers. My favourite brokers are xm and fxpro. They are really recommended!!
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Risk warning
Foreign exchange and contracts for difference ("cfds") are complex financial products that are traded on margin. Trading forex & cfds carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, forex & cfds may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. Past performance of forex & cfds is not a reliable indicator of future results. All information on hercules is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Please note the spreads displayed in the website are all included extra trading commissions, as it shows the whole commissions charged by each broker. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website.
How to make a deposit into XM group / support immediate deposit in real time
Depositing fund to XM group is very simple completed in 2 minutes.
In addition to depositing fund into XM group by credit card, you can also deposit through many different ways such as VISA debit card, bank transfer, all supporting immediate deposit.
To trade with a real account, you will first need to upload account holder’s identification documents
If you have not uploaded your account identification documents, you need to activate your account at the reference page how to upload account holder’s identification documents.
Once your account is activated, the menu on the right of my account screen will show “account validated".
Step 1: click on the deposit button on my account
After logging into my account from XM group official website, you click on “deposit” on the menu at the top of the screen.
![XM Deposit Bonus: policies and limitations, xm forex deposit. xm member area](https://xem-forex.com/wp-content/uploads/xm-menber.png)
Step 2: select deposit method
Select a preferred deposit method (click on the deposit button).
Credit card (including VISA debit card) is a recommended credit deposit method because it is fairly simple and takes little time to confirm deposit
![XM Deposit Bonus: policies and limitations, xm forex deposit. Deposit Method](https://xem-forex.com/wp-content/uploads/deposit-options.png)
Step 3: enter the deposit amount
Below, I will introduce about deposit method by credit / debit card.
Enter the amount you wish to deposit into your account
Use your registered currency when opening an account. ※ if you have registered the trading currency in USD then you will enter the amount in US dollars.
![XM Deposit Bonus: policies and limitations, xm forex deposit. deposit to XM Group by credit card/debit card (visa)](https://xem-forex.com/wp-content/uploads/deposit-to-xm-by-credit-debit-card.png)
Check whether your account ID, name and deposit amout are correct.
Then, click on “deposit". The system will automatically jump to the confirmation page. If the information is correct then you click on “confirm".
![XM Deposit Bonus: policies and limitations, xm forex deposit. deposit to XM Group by credit card/debit card (visa)](https://xem-forex.com/wp-content/uploads/deposit-to-xm-by-credit-debit-card-1.png)
Step 4: enter credit card information
Next because the screen will show credit card information page, so please enter your credit card information (or debit card ).
If you have deposited before with credit card, some previous information should be saved. Confirm the information such as expiry period, … make sure everything is correct.
![XM Deposit Bonus: policies and limitations, xm forex deposit. Enter credit card information](https://xem-forex.com/wp-content/uploads/deposit-to-xm-by-credit-debit-card-2.png)
When the information is filled, click on “top up" the screen will appear this message “please wait while the payment is being processed”.
Be sure not to click the back button on your browser while the processing payment screen is shown
Step 5: deposit successfully completed
Deposit process is complete.
In case deposit is not reflected in the account?
Deposit methods other than credit card will not reflect in real time
Please contact XM group support if deposit by credit card is not immediately reflected in the account
In addition, if the deposit is made from a foreign-based account that is not the same with residency address registered at XM group, you need to attach card details and picture to XM group support for security reasons.
Please note that the above provisions will apply if you use a credit card issued by a foreign country or when traveling abroad.
![XM Deposit Bonus: policies and limitations, xm forex deposit. confirm payment](https://xem-forex.com/wp-content/uploads/confirm-payment.png)
Next step after depositting fund to XM group?
Once the deposit process is complete, your next step is to get your MT4 app downloaded from the XM group homepage.
If MT4 is already available, you can skip this step.
MT4 is a software used for forex trading. Besides PC , MT4 also comes in an app version on other devices, such as smartphone or, tablets . Even if you go out or without a computer you can still trade forex.
- Upload account holder’s identification documents (complete)
- Deposit to real account(complete)
- How to download MT4 for free (← next step)
- How to log into MT4
- Start trading with MT4
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Download the latest version of MT4
![XM Deposit Bonus: policies and limitations, xm forex deposit. Download the latest version of MT4](https://xem-forex.com/wp-content/uploads/mt4_dl.png)
Click on the image to download the latest version of MT4.
MT4 is an optimal foreign exchange transaction tool that can be used for free.
Trading hours
Trading sessions from sunday 22:05 GMT to friday 21:50 GMT
Winter time: (GMT+3) monday 00:05
Friday 23:50
summer time: (GMT+2) monday 00:05
Types of trading account
![XM Deposit Bonus: policies and limitations, xm forex deposit. Comparing XM accounts](https://xem-forex.com/wp-content/uploads/xm-account.png)
You can check the account type list!
Category
- Latest information about XM group
- How to use XM group
- Overview of MT4
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- Basic use of MT4
- How to display an indicator in MT4
- How to make money by analyzing forex charts
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- How to deposit/withdraw money on XM
- Overview of XM group
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- Frequently asked questions
- How to deposit money into real account
- How to make money
How to use XMP
![XM Deposit Bonus: policies and limitations, xm forex deposit. How to use XMP](https://xem-forex.com/wp-content/uploads/xm_elite.png)
XMP is short for XM points, XM points can be automatically accumulated in each trading session.
FAQ loyalty program
Frequently asked questions and answers about XMP
Economic calendar
![XM Deposit Bonus: policies and limitations, xm forex deposit. Economic Calendar](https://xem-forex.com/wp-content/uploads/statistics.jpg)
Check the important indicators in a real time!
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XM is a trading name of trading point holdings ltd, which wholly owns trading point of financial instruments UK ltd (XM UK), trading point of financial instruments pty ltd (XM australia), XM global limited (XM global) and trading point of financial instruments ltd (XM cyprus).
XM UK is authorized and regulated by the financial conduct authority (reference number: 705428), XM australia is licensed by the australian securities and investment commission (reference number: 443670), XM global is regulated by the IFSC (60/354/TS/18) and XM cyprus is regulated by the cyprus securities and exchange commission (reference number: 120/10).
XM global (CY) limited with offices at 36, makariou & agias elenis, ‘galaxias’ building, 5th floor, office 502, 1061, nicosia, cyprus. Risk warning: forex and CFD trading involves significant risk to your invested capital.
Copyright © 2021 forex trading, leverage up to 888:1 all rights reserved.
XM minimum deposit guide (2021)
![XM Deposit Bonus: policies and limitations, xm forex deposit. xm-minimum-deposit-guide](https://media.investingoal.com/uploads-en/2019/10/xm-minimum-deposit-guide.jpg)
Trading with a top forex broker like XM is a forward step in the trading career of anyone looking to break into the sector.
Our XM review details exactly what is on offer with this broker providing extensive access to a wide range of markets.
Here we will take a closer look at the financial side of things.
The XM minimum deposit to be exact.
This is something which can certainly influence how you trade so it is well worth noting.
We will look at the minimum deposit for XM by funding method and account type to make sure that we cover all traders.
Table of contents
69.75% of retail CFD accounts lose money
XM account base currency
As with most top brokers, XM accounts are available with many several base currencies. The XM base currency is the one that you trade with and effectively depends upon which account and regulatory type you fall under.
If you have an XM standard or micro account, you can look forward to choosing every major currency as your XM base currency. Also included are PLN and HUF as other options as well as ZAR and SGD.
Russian RUB is available only if you are located outside of cysec and FCA regulatory areas.
If you are an XM zero account holder, you can access USD or EUR as base currencies with JPY available under global market regulation.
XM ultra-low account holders can select between five base currencies. These are EUR, USD, GBP, AUD, and CHF.
If you are an XM shares account holder, USD only is available for trading with.
XM funding and deposit methods
Again there is a range of XM deposit methods available to traders. These will depend on the country in which you live and not the regulatory jurisdiction you fall under.
Wondering for example if you can make a minimum deposit in ZAR?
The answer is yes, you can deposit in any currency, this includes ZAR. These funds will then simply be converted into your base currency for trading on your account.
Wire transfer
XM deposit by wire transfer is, of course, available and widely used. This funding method is available to traders worldwide and there is an minimum deposit of $60 in place here.
With that said, you will incur a fee if the wire transfer you make falls below $200. If the deposit is above this amount, then not only will XM waive any fees they charge, they will also cover any fee you would usually incur from your own bank side. Therefore, although it is not explicitly required, it is in your best interest to deposit more than $200.
Credit cards
Credit card deposits are available through both visa and mastercard at XM. These are accessible to traders around the world with a minimum deposit amount of just $5.
There are no fees associated from the broker side, but again if your financial provider does levy a fee, this will be covered for anything over a $200 deposit by XM.
Ewallet
Again, the minimum XM deposit through an ewallet is only $5. This can be made through neteller, skrill, perfect money, or a host of others dependent upon your country. At this time XM paypal deposits are not available.
Cryptocurrency deposit in the form of bitcoin is available but again this will depend on your location to determine if this option is open to you or not. There are no fees from the broker side for deposits through these methods.
Other XM deposit options
Other XM deposit options available include both western union and moneygram although these will depend on your location and fees may be applied for these services although not from the broker side.
Various local methods and local bank transfer deposits may also be open to you depending on your area. These minimum deposits will vary.
XM minimum deposits
As with most low deposit forex brokers, beyond the funding methods, the XM broker minimum deposits may also depend on the account type you are holding. Here is a rundown of what to expect depending upon the account type you have.
Standard account
The XM standard account is available under every jurisdiction and with a very good value $5 being the minimum deposit here, it is easy to see why many choose to trade with it.
Islamic accounts are also available if you should require them.
Micro account
Again, the XM minimum deposit on their micro accounts is suitably small at just $5. These accounts facilitate trading in micro lots at excellent rates and are available to all traders in every regulatory area. Islamic traders are also catered for.
XM zero account
Changing things up slightly, we arrive at the XM zero account. This account type is available under cysec, FCA, and most of the countries regulated under the XM global market regulatory framework.
The spreads here are unbeatable starting at 0 pips although commissions are charged on trading. The XM minimum deposit for trading on these accounts is still just $100. This represents good value since you can also have access to your own VPS. Again islamic, shariah law compliant accounts are available.
Ultra low account
This XM low spread account type is available to traders based in australia and within the XM global market regulatory framework. This account comes with extra low spreads and no commission to worry about.
The minimum deposit on this account type is $50.
Shares account
Finally, the XM shares account which focuses on shares trading is available only within the XM global market regulatory area and with a $10,000 minimum deposit.
Related guides:
Deposit bonus
XM bonus amounts and XM deposit bonuses are available though not to those regulated under cysec or FCA rules. Also, although you can receive bonuses under certain circumstances with XM, the bonus amounts themselves are typically not eligible to withdraw, though any profits derived from them usually are.
![XM Deposit Bonus: policies and limitations, xm forex deposit. XM deposit bonuses](https://media.investingoal.com/uploads-en/2019/10/XM-deposit-bonuses.jpg)
No deposit bonus
Unlike many brokers, an XM no deposit bonus is available. This means you can effectively start trading without any real money. While you cannot withdraw the bonus funds, you can withdraw any profits made from them.
This XM bonus amount is in the form of a $30 welcome bonus or the equivalent amount based on your account.
XM bonus program
An XM bonus program is in place. This program provides for a 50% deposit bonus up to $500 and then a further 20% deposit bonus on amounts up to $4500. This can be redeemed through trading with the broker. The only exception with this is that it is not available with XM ultra-low accounts.
69.75% of retail CFD accounts lose money
so, let's see, what we have: want to know the real conditions of XM deposit bonus? Check out the requirements for XM bonus deposit and find out the withdrawal process policies. At xm forex deposit
Contents of the article
- Free forex bonuses
- XM deposit bonus: policies and limitations
- XM deposit bonus description
- Another XM bonus program
- XM broker account types
- Advantages
- XM no deposit
- Review
- Introduction
- Trading conditions
- Products
- Regulation
- Platforms
- Mobile trading
- Pricing
- Deposits & withdrawals
- Customer support
- Research & education
- Noteworthy points
- Conclusion
- Comparison
- XM: login, minimum deposit, withdrawal time?
- Recommended broker
- XM LOGIN
- XM MINIMUM DEPOSIT
- XM WITHDRAWAL TIME AND FEES
- BOTTOM LINE
- XM deposit and withdrawal methods in 2021
- XM's all deposit and withdrawal options and its...
- How to make deposit and withdrawal to / from XM...
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- List of fund deposit methods for XM MT4 and MT5
- List of fund withdrawal methods for XM MT4 and MT5
- Are my funds safe with XM?
- Who is XM?
- Start trading with XM without making a deposit
- 1. XM’s 30 USD no deposit bonus
- 2. Open a demo trading account and trade with...
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