Withdrawals of capital at XM.com
Would like to know how the XM.com withdrawals are progressing? Learn real customer comments and the review we have prepared for you below on this page.
XM.com Commissions
The XM broker does not charge a commission when withdrawing funds from the trading accounts of its clients, only standard commissions of the payment systems used are paid. This is the advantage of this broker over many competitors since you may find companies that charge additional commissions on their part on each withdrawal of funds, which makes it unprofitable to withdraw small amounts of money. Therefore, when choosing a broker, you must pay attention to this parameter.
Below there is a table that compares XM.com withdrawal options and other brokers from our TOP rating. This will allow you to see the real outlook of commissions from XM Group and competitors.
| Withdrawal method | XM.com | Tickmill | Admiral Markets |
| Bank transfer | 2.8% | From 0% | Two free payments every month, then AUD 7.5 / GBP 5 / EUR 5 / CHF 6 / USD 25 for each operation |
| Electronic wallet |
Neteller – 2% Webmoney – 0.8% Skrill – 2.5% Perfect Money – 0.5% |
From 0% |
Skrill - 1% (min AUD / USD / EUR / SGD 1); 2 free payments every month; Neteller -1% (min AUD / USD / EUR / GBP / JPY / SGD 1 / BRL 3 / MXN 16); Two free payments every month; PayPal - 1% (min EUR / USD / GBP / CHF / PLN / HUF / CZK / SEK / AUD / SGD 1) |
| Visa, Mastercard | Unavailable | From 0% | Initial deposit amount only, no commission |
XM.com Withdrawal Options
XM Group offers the following withdrawal options:
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● Bank transfer in EUR
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● Transfer to electronic wallets:
Webmoney
Neteller
Skrill
Perfect Money
There are no other withdrawal options, and in this, the XM Group company is inferior to competitors from the Traders Union Forex broker rating. For example, Admiral Markets and Tickmill offer traders a much wider choice of ways to withdraw money from their trading account.
Please also note that bank transfers use EUR as their base currency. Therefore, in order to avoid the loss of funds for currency conversion, it is recommended to choose the euro as the base currency when registering your account.
Traders pay only standard bank commissions when withdrawing funds via bank transfer, the broker does not charge any additional fees. When using the systems Neteller, Skrill and Perfect Money, there is no broker commission either. Traders should also pay attention to the fact that the withdrawal is carried out only to the account from which the deposit was previously made.
| Withdrawal method | XM Group | Tickmill | Admiral Markets |
| Bank transfer | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
| Visa, MasterCard cards | No | Yes | Yes |
| Transfer to the account of a mobile operator |
No | No | No |
- ● Authorization in the Personal Account on the broker's website.
- ● Go to the section "Withdrawal of funds".
- ● Filling out the withdrawal form: choosing payment details, entering the required amount.
- ● Confirmation of the withdrawal request using a payment code.
All the nuances when withdrawing funds can be clarified with the XM.com support service on the broker's website within the company's working hours:
Withdrawal processing speed at XM.com
Withdrawal requests are processed 24/5. The time of receipt of funds, as a rule, is about 30 minutes for electronic payment systems and 3-5 banking days for transfers using bank details.
Although XM Group offers convenient ways to transfer funds, five days for an application is quite a long time. If you want to withdraw your profits more quickly, we recommend that you pay attention to other brokers from the Traders Union rating.
| Withdrawal method | Tickmill | XM Group | Admiral Markets |
| Bank transfer | Within 1 business day | 3-5 banking days | 1-3 working days |
| Electronic wallets | Within 1 business day | 30 minutes | Instantly |
| Visa, Mastercard | Within 1 business day | Unavailable | 1-3 working days |
| Transfer to the account of a mobile operator |
Unavailable | Unavailable | Unavailable |
Only euros can be used as the base currency for withdrawing to a bank account. This leads to additional conversion costs when using other currencies in the recipient's account.
Some of XM.com's competitors are doing better in terms of the choice of currencies for withdrawing funds: for example, Tickmill offers 3 currency options to choose from, and the FXPro broker has as many as 8 currencies in its range.
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INSTRUCTIONS: how to withdraw money from XM.com
Withdrawing funds from XM is quite simple:
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1
Authorization in the XM.com Personal Account.
Funds withdrawal from XM.com - Authorization on the site
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2
In the directory of the Personal Account, select the "Withdrawal" button.
Funds withdrawal from XM.com - The menu of the personal area
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3
Next, we choose from the proposed withdrawal options.
Funds withdrawal from XM.com - Withdrawal request
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4
We enter the payment details, the desired amount for withdrawal, agree with the broker's terms of the withdrawal procedure and click on the "Request" button.
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5
We check the receipt of funds to our account, focusing on the timing of processing payments according to the broker's regulations.
Reviews of XM.com’s withdrawals
I was pleased with the sane support. Sometimes requotes occur, but hardly ever. I noticed that spreads widen with high volatility by 1 point, give or take. The withdrawal was completed in two days, that's great. You may work, without delving into minor problems.
I earned four hundred bucks here in a couple of months. True, I was withdrawing the funds for a week then. It's good that the support guys helped. The payment went through, this is the main thing. Now I don't even remember that there were any problems.
I've been trading here for almost six months. There was a one-time delay during the withdrawal, $200 came with a week's delay. But for patient people, this is not much of a problem. The main thing is that the money is in the account and you can wait out the holdup.
It’s good to trade here with a couple of thousand bucks. Over the past six months, there has been only one delay during withdrawal. And this is the only blunder in my memory. In addition, they also checked my trades, looked for violations. As a result, they did not find anything, the money was transferred.
For some unknown reason, the last withdrawal was split into two parts. The first one was transferred into the account, then the second one. All this, however, was in one day. I turned to the support, they calmed me down, apologized. It happens to everyone. The main thing is that they paid in full.
FAQs on withdrawals from Xm.com
What is the minimum deposit for XM.com?
You can start trading with the XM.com broker from $5 on Micro and Standard accounts. On XM Ultra Low and Shares accounts, the minimum deposit is $50 and $10,000, respectively.
How much does XM charge for deposits and withdrawals?
The broker does not charge a commission when traders deposit money to trading accounts and refunds paid commissions for depositing, charged off by payment systems. When withdrawing funds, Xm.com also does not charge a commission, but customers pay the commission fees of payment systems on their own.
What leverage does XM offer for trading?
XM.com provides up to 1: 888 leverage depending on the account type. Leverage is not provided on Shares accounts.
What trading tools does XM broker provide?
Currency pairs, CFDs on stocks, commodities, stock indices, precious metals, energies and shares are available to traders.
What spread can I get when trading through the XM Group?
The minimum spread from 0.6 pips can be obtained on the XM Ultra Low. For Micro and Standard accounts the minimum spread is 1 pip.
Team that worked on the article
Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.