XM Deposit and Withdrawal Guide

In deposits and withdrawals, XM promotes zero fees where they will cover transaction fees from credit cards and e-payments. This zero fee policy will certainly benefit you as a trader.

XM Broker covers all deposit and withdrawal fees for payments made via Neteller, Skrill, and all major credit cards (VISA, VISA Electron, MasterCard, Maestro, and China UnionPay). Additionally, all bank transfers above 200 USD also fall under the zero fee policy.

This allows XM not to deduct anything from your deposit. You only need to mind the fees charged by the bank or third party you use when sending money. 

Available Deposit and Withdrawal Methods

XM supports a variety of payment methods, including credit and debit cards, bank transfers, e-payments, and more. Once you open an XM account, simply visit the 'Funding' section in the Members Area to view all available payment methods.

Here are the details:

1. Online Bank Transfer: A conventional payment method that allows clients to fund their accounts or withdraw profits directly through their bank accounts over the internet. 
2. Mobile Banking: Involves the use of mobile apps to carry out financial transactions. This may include funds transfers, checking account balances, and other banking services.
3. Local Bank Transfer: A practical and safe payment method for forex traders who prefer to use domestic banking services. This method offers a convenient and cost-effective way to fund or withdraw money from XM.
4. Debit/Credit Card: A popular payment method among forex traders due to their universal use, convenience, and speed of transactions.
   
5. Neteller: An electronic money service (e-payment) used to transfer money. Forex brokers and traders with Neteller accounts can use the service for deposits and withdrawals.
6. Fasapay: An online payment system that allows users to send and receive money safely and comfortably via the internet. It works exactly like Neteller, only the company is from Asia rather than Europe.
7. Skrill: The same kind of payment method as Neteller and FasaPay, but it comes from the UK and is registered first with the FCA.
8. Perfect Money: In the same category as Neteller, FasaPay, and Skrill, but is known for cheaper fees. In terms of origins and experience, it's more similar to FasaPay.
9. WebMoney: A Russian online payment that allows users to make transactions globally; similar to Neteller and Skrill.
10. Crypto: A Blockchain-based digital payment that ensures fast, cheap, and secure transactions. By accepting cryptocurrencies as a method, XM can attract more clients and stay ahead in the competitive trading industry.
11. Google Pay: A digital payment that offers convenience from a Google account.

Deposit and Withdrawal Processing Time

The time required for deposits and withdrawals at XM varies depending on the payment method. Deposits via credit cards and e-payments can generally be processed instantly, but bank transfers will take around 2-5 working days.

Meanwhile, withdrawal requests are processed immediately by XM's Artificial Intelligence back office system based on algorithmic parameters. You will receive the money right away or on the same day the request is approved. However, withdrawals via bank transfers and credit/debit cards can take up to 2-5 working days due to the issuing financial institution.

How to Deposit Funds in XM Broker

1. Open the XM website and log in using your verified account.
   
   
2. You will be directed to the Member Area page. Click the "Deposit Funds" tab.
   
   
   
3. On the following page, please select the payment method you prefer. After that, click the "Deposit Here" button.
   
   
   
4. Suppose you choose Skrill, proceed with filling in your Skrill account e-mail and the deposit amount. Then, click "Deposit."
   
   
   
5. Click "Confirm."
   
   
   
6. Done. Please wait until the funds are sent to your trading account.

How to Withdraw Funds from XM Broker

Almost similar to the steps of depositing your funds, here's how to withdraw funds from XM:

1. Open XM website page and log in using your verified account.
   
   
2. You will be directed to the Member Area page. Click the "Withdraw Funds" tab.
   
   
   
3. On the following page, please select the withdrawal method you prefer. Since you have chosen Skrill to deposit your funds in the previous example, make sure to pick the e-payment then click the "Withdraw" button.
   
   
   
4. Fill in your Skrill account e-mail. Don't forget to fill in the withdrawal amount column too, tick the agreement box, and click "Request".
   
   
   
5. Done. Please wait until the funds are sent to your Skrill account.

Conclusion

XM broker offers a variety of deposit and withdrawal methods to meet the diverse needs of traders. On top of applying no additional fees, XM ensures that all of the transactions run smoothly. Whether using popular options such as Skrill or a convenient method like local bank transfers, traders can choose what suits their needs best in XM.

With instant processing and an AI-powered back office system, there's no doubt that traders can enjoy efficient fund management with XM broker.