The online broker XM offers a wide range of withdrawal options: using multiple credit cards, multiple electronic payment methods, bank transfer, local bank transfer, and other payment methods.
In order to make a withdrawal, you must log in to your Members Area, select the withdrawal method of your choice and follow the instructions provided.
XM withdrawal process
XM broker in order to comply with all current regulations, will only process the withdrawal back to the original deposit as explained below:
- Credit / debit card withdrawals will be processed through this channel up to the total amount deposited.
- Withdrawals to e-wallets will be processed once all credit / debit card deposits have been refunded.
- All other methods, such as wire transfer withdrawals, can be used when all of the above options have been exhausted.
Withdrawal requests are completed within 24 business hours.
In case you select an incorrect withdrawal method, the request will be processed according to the XM withdrawal process described above.
Withdrawal requests are processed in the currency in which the deposit was originally made. In the event that the deposit currency differs from the transfer currency, the transfer amount will be converted by XM to the transfer currency at the current exchange rate.
XM withdrawal process FAQs
In order to withdraw your money from XM, the only requirement is that your trading account must be validated. That is, you must have uploaded your identity documents and proof of residence, and XM must have validated them.
Your withdrawal request is processed within 24 hours.
Your money will arrive the same day for payments made through the electronic wallet, while for payments by bank transfer or credit / debit card it usually takes 2 to 5 business days.
The online broker XM does not charge any commission for withdrawal.
For example, if you deposit $ 200 per credit card and then withdraw $ 200, your credit card will show the amount of $ 200.
No, this is not possible. The withdrawal has to go back to the source where the deposit was made.
This is possible only if both accounts have been opened in your name and both trading accounts have been validated.
This is done in the Members Area and is processed instantly.