How do I deposit in XM? XM offers a wide range of options for deposits using multiple credit cards, multiple electronic payment methods, wire transfer, and other payment methods.
Depositing money into your account is a quick and easy process, which can be done by using your credit card, debit card or bank account.
All deposits are instant and free, except those made by international bank transfer, XM covers the fees imposed by banks, except for deposits below 200 USD.
XM does not charge fees for depositing. For example, if you deposit $ 250 with a debit card and then withdraw $ 250, you will see the full amount of $ 250 in your debit card account.
All XM deposits must be made with the same name as the XM account holder.
Tips for making a deposit in XM
The payment method you choose to make your deposit in XM is a very important point to avoid having problems withdrawing the money afterwards.
In order to withdraw the funds you must take into account the XM policy. Like many other regulated online brokers, the withdrawal of funds should be done by the same means of depositing funds, whenever possible. That is, if you deposit $ 200 by card, you must withdraw those $ 200 by the same card, the possible earnings are withdrawn by bank transfer.
In order to withdraw funds, your trading account must be validated. You must upload your documents to the XM user area: proof of identity and proof of residence, containing your address and name and not older than 6 months.
XM does not charge fees or commissions. They cover all fees (for bank transfers over 200 USD).