XM Minimum Deposit required to register a live trading account is $5 / R90 ZAR for the Micro, Standard, and Ultra Low accounts. The minimum deposit for the Shares Account starts at $10,000 / R180 135,60 ZAR. The ZAR values will differ according to the exchange rate between the US dollar and the South African Rand.
| 🔎 Accounts | 📉 Standard Account | 📊 XM Ultra Low Account | 📈 Shares Account |
| 💵 Minimum Deposit (USD/$) | $5/R90 | $5/R90 | $10 000/R180 135,60 |
| 💰 Deposit Fees | No Fee | No Fee | No Fee |
| 📈 Withdrawal Fees | No Fee | No Fee | No Fee |
| 🔎 Deposit Methods | Credit/Debit Card, Bank Wire, Skrill, Neteller, Perfect Money, FasaPay, WebMoney, UnionPay | Credit/Debit Card, Bank Wire, Skrill, Neteller, Perfect Money, FasaPay, WebMoney, UnionPay | Credit/Debit Card, Bank Wire, Skrill, Neteller, Perfect Money, FasaPay, WebMoney, UnionPay |
| 👉 Open an Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
Min Deposit
USD 5
Regulators
FSC, CySEC, ASIC,
Trading Platform
MT4, MT5
XM Minimum Deposit – 9 key points quick overview:
Overview
XM has headquarters in Cyprus, Australia, and Belize and is authorized and regulated by demanding regulating entities namely CySEC, ASIC, IFSC, DFSA, and the FCA. As a regulated broker, one of the requirements is that client funds be kept in segregated accounts.
In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and they can only be used by traders to conduct trading activities.
In addition to ensuring client fund security through segregated accounts, regulated brokers such as XM are required to be members of a compensation scheme or fund that pays out a certain amount to eligible clients in the case of company insolvency.
This is an imperative factor for traders to consider when comparing various brokers as a lack of regulation may lead to substantial losses of funds that traders may not be able to refund as there is no regulation overviewing such processes.
In addition, regulated brokers are often audited and have strict supervision from regulating entities to ensure that trading activities are legitimate, legal, and fair and that disputes between the trader and the broker are resolved fairly.
Brokers who do not ensure that client funds are kept in segregated accounts, and rather in the broker account, may be an indication of scam brokers or fraudulent brokers as funds could be, with ease, used or taken possession of by the broker.
Furthermore, with segregated accounts provided by the broker, funds can be withdrawn by the trader at any time, which is an additional and crucial attribute that brokers who are regulated need to comply with.
XM At a Glance
| 🔎Broker | XM |
| Company Information | |
| 📅Year Founded | 2009 |
| 🧑🏻💻Amount of staff | Over 900 |
| 📌Current CEO | Constantinos Cleanthous |
| 🌟Founder/s | Constantinos Cleanthous |
| 👩💻Amount of active traders | Over 10 mil |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | CySEC, ASIC, IFSC, DFSA, FCA |
| 🌎Country of regulation | Cyprus, Australia, Belize, Dubai, UK |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes (for European clients under CySEC regulation) |
| Two-step Authentication | Yes |
| 🔋Investor Protection Schemes | FSCS (up to £85,000) for UK clients under XM UK (regulated by FCA) |
| Account Types and Features | |
| ➕Accounts | Micro, Standard, XM Zero (all come in MT4 & MT5 versions) |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Not offered |
| 📇Minor account currencies | USD, EUR, GBP, JPY, etc. |
| 💰Minimum Deposit | From USD 5 |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1 business day (may vary) |
| 🪙Fund Withdrawal Fee | $0 |
| 📊Spreads from | 0.8 pips |
| 💸Commissions | No commission on trades (except for stock CFDs) |
| 💱Number of base currencies supported | More than 11 (USD, EUR, GBP, AUD, etc.) |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 1:1000 |
| 📏Margin requirements | As low as 1% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Ultra-fast (average under 1 second) |
| 📆VPS Hosting | Yes (free if minimum requirements met) |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 1,000+ |
| 🗠CFD Stock Indices | Major global indices 30+(e.g., S&P 500, FTSE 100) |
| ⚖️CFD Commodities | Popular commodities 15+ (e.g., gold, oil, natural gas) |
| 📜CFD Shares | Yes,600+ Shares of listed companies (exact number depends on regulations) |
| Watchlist | Yes |
| 📱Trade Alerts | Yes |
| 🔄Trading Stocks with GP | Yes |
| 🔄Trading Indices with GP | Yes |
| Swap on Trading Board | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/debit cards, bank transfers, electronic wallets (Skrill, Neteller etc.), regional options |
| 💵Withdrawal Options | Credit/debit cards (limited to amount deposited with them), bank transfers, electronic wallets (subject to original deposit method), regional options |
| 🎁Welcome Bonus | Yes (region dependent) |
| Trading Platforms and Tools | |
| 🔧Stop-loss Instrument | Yes |
| 💻Trading Platforms | MT4 (MetaTrader 4), MT5 (MetaTrader 5), XM WebTrader |
| 👩💻OS Compatibility | Windows, Mac, Android, iOS |
| 🖥️Forex trading tools | Technical indicators Market analysis tools Auto trading (Expert Advisors - MT4 only) Algorithmic trading (limited - MT5 only) Trading calculators Economic calendar Sentiment analysis (limited) |
| Customer Support | |
| 🗣️Live chat availability | Yes, 24/5 |
| 📱Customer Support email address | support@xm.com |
| 📞Customer Support Contact Number | 35725029933 |
| 🗣️Languages supported on Website | 30+English, Malay, Chinese (Simplified & Traditional), Greek, Hungarian, Russian, Indonesian, French, Italian, Swedish |
| Educational Resources and Support | |
| 📍Beginner Trader Friendly UX | Yes |
| 🖺Forex course | Yes, XM offers a forex course for beginners. |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes, XM provides a library of educational resources including articles, videos, and glossaries. |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 10000+ |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, XM sponsors various events and teams |
| 🪙Rebate program | May offer occasional rebate promotions, check their website for current offers |
| 🗞Community Forum | No |
| Official Website and Social Media | |
| 📧Official Website Address | www.xm.com |
| 📱Official Facebook Page | Yes |
| 📱Official Twitter Page | Yes |
| 📱Official YouTube Channel | Yes |
| 📱Official LinkedIn Page | Yes |
| 📱Official Instagram Page | Yes |
| South African Trader Specific Information | |
| Does XM Accept South African Traders? | Yes, XM accepts South African traders. They have a dedicated South African branch, XM ZA (Pty) Ltd, which is authorized by the Financial Sector Conduct Authority (FSCA) with authorization number 49976. |
| Is XM regulated by the South African regulatory body (FSCA)? | Yes, For South African clients, XM operates under the regulation of the FSCA through their South African branch, XM ZA (Pty) Ltd. This ensures adherence to local regulations for client protection. |
| Does XM offer an Affiliate Program for South African Traders? | Yes, XM offers an affiliate program for South African traders. You can find more information about it on the XM ZA website or by contacting their support team. |
| Does XM allow opening trading accounts in ZAR (South African Rand)? | Yes, XM allows opening trading accounts in ZAR (South African Rand). This makes it convenient for South African traders to deposit, trade, and withdraw funds without currency conversion fees. |
| 👉Open Account | 👉Open Account |
XM deposit fees and deposit methods
XM does not charge any fees when deposits are made into the trader’s account.
XM offers a vast amount of payment methods, which include, but are not limited to:
- Bank Wire Transfer
- Local Bank Transfer
- Credit/Debit Cards
- Neteller
- Skrill and more
XM supports a wide variety of deposit currencies in which traders can fund their accounts, which includes, but is not limited to:
- USD
- EUR
- GBP
- JPY
- AUD
- ZAR, and more.
Traders need to ensure that deposits and withdrawals are made in the same currency and that the account from which funds are deposited, and to where withdrawals are made are the same account registered with XM.
XM does not allow for third-party payments, and the account must be registered in the name of the trader; it may not be in the name of any other person. This forms part of XM’s anti-money laundering, or AML, process enforced by regulatory entities.
Traders also need to ensure that they do the necessary conversions, where applicable, before funds are deposited, to ensure that they meet XM’s minimum deposit requirements and avoid any penalties or conversion fees should this not be done in the correct manner.
XM also offers a lucrative signup bonus for new traders. Although various payment methods support the deposit and withdrawal of funds in numerous currencies, traders need to be aware that some payment methods allow for certain deposit currencies.
Traders will need to verify this with XM before selecting a payment method and deposit, but in most cases, the available deposit currencies for a specific method will be indicated on the page where traders can fund their accounts.
Broker Comparison
| 🔎 Broker | 🥇 XM | 🥈Doo Prime | 🥉 Tickmill |
| 📈 Regulation | FSCA, IFSC, ASIC, CySEC, DFSA, FCA | VFSC, FSC, FSA | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA, DFSA |
| 📉 Trading Platform | MetaTrader 4 MetaTrader 5 XM Mobile App | MetaTrader 4 MetaTrader 5 InTrade Web API Social Trading CopyTrading Trading View | MetaTrader 4 MetaTrader 5 Tickmill App |
| 📊 Withdrawal Fee | None | None | None |
| 🆓 Demo Account | Yes | Yes | Yes |
| 💴 Min Deposit | USD 5 / ZAR 90 | USD 0 / ZAR 0 | USD 100 / ZAR 1809 |
| 💹 Leverage | 1:1000 | 1:1000 | 1:1000 |
| 🖇️ Spread | 0.7 pips | From 0.0 pips | Variable, from 0.0 pips |
| 💴 Commissions | $1 to $9 | Flexible, only on ECN | $1 per side per 100,000 traded |
| ⛔ Margin Call / Stop-Out | 50%/20%, 100%/50% (EU) | 100%/30% | 100%/30% |
| 🖱️ Order Execution | Market, Instant | Market | Market |
| 🎁 No-Deposit Bonus | Yes | No | Yes |
| 🪙 Cent Accounts | Yes, Micro | Yes | No |
| 📌 Account Types | Micro Account Standard Account XM Ultra-Low Account Shares Account | Cent Account STP Account ECN Account | Raw Account Classic Account |
| 📍 FSCA Regulation | Yes | No | Yes |
| 💶 ZAR Deposits | Yes | Yes | Yes |
| 💷 ZAR Account | Yes | No | Yes |
| ⏰ Customer Service Hours | 24/7 | 24/7 | 24/5 |
| 🔟 Retail Investor Accounts | 4 | 3 | 2 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 📉 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | 100 lots | 1,000 lots | 100 lots |
| ⏱️ Minimum Withdrawal Time | 1 working day | 1 working day | 1 Business Day |
| ⏲️ Maximum Estimated Withdrawal Time | 5 working days | 3-5 working days | 2 to 7 Business Days |
| ⌚ Instant Deposits and Instant Withdrawals | Yes, deposits | Yes, deposits | Instant Deposits |
| 👉 Open an Account | 👉Open Account | 👉Open Account | 👉Open Account |
How to deposit with XM step-by-step
Step 1 – Select an account.
Make your way to our website and select your account preference.
Step 2 – Open an account
Complete your details and select your account type.
Step 3 – Select the payment method
Once all your details are completed and you have proceeded to the next step, select the payment method you would like to use with the amount you would like to deposit.
Step 4 – Payment processing
After the trader has made their selection, they will be redirected to the payment processor page to confirm their deposit.
Min Deposit
USD 5
Regulators
FSC, CySEC, ASIC,
Trading Platform
MT4, MT5
Traders should note that making deposits by using Bank Wire Transfer may take a certain amount of time, depending on the method and the time of day. Other payment methods, such as credit/debit cards and various e-wallets, may have shorter turn-around times, but these may also be subject to certain banking institutions’ internal processes pertaining to clearing funds.
Withdrawal turnaround and delays may also be subject to factors outside of XM’s control and may be due to the trader’s banking institution’s internal processes for releasing funds. Traders will need to verify this information with their banking institution and realize that banking processes are also subject to the day of the week and the time of day in processing withdrawals.
There may be clearance procedures that the trader’s withdrawal is subjected to, imposed by the banking institution, and this information will need to be verified with the banking institution prior to withdrawals. Bank Wire Transfers take anything from a day to a few business days, depending on the time the payment was made during the day along with the day of the week, according to research in South Africa.
Customer Reviews
🥇Excellent
“XM customer service is excellent. They provide a variety of account types to suit different trading styles. Their educational materials are comprehensive.” Reviewed: Olivia Chen
🥈Happy Customer
“XM’s trust score is high, and they are well-regulated. Their platform is user-friendly, and their customer service is excellent.” Reviewed: Maria Ramirez
🥉Service
“XM offers a wide range of assets, including forex, stocks, and commodities. Their spreads are competitive, and their support is responsive.” Reviewed: Alex Turner
Pros and Cons
| ✅Pros | ❌Cons |
| XM offers a diverse portfolio of assets, including forex, stocks, commodities, and indices. | While their spreads are competitive on certain accounts, they can be higher on others, especially for smaller account sizes. |
| Their spreads are generally competitive, especially on their Zero accounts. | If you don't trade for an extended period, you may incur inactivity fees. |
| They cater to different trading styles with options like Standard, Micro, and Zero accounts. | While they offer some research tools, they may not be as extensive as those provided by some other brokers. |
| XM's platform is intuitive and easy to navigate, making it suitable for both beginners and experienced traders. | Some traders have reported negative experiences with XM, including issues with withdrawals and customer service. |
You might also like: XM Review
You might also like: XM Account Types
You might also like: XM Demo Account – Step by Step
You might also like: XM Fees and Spreads
You might also like: XM Sign up Bonus
Conclusion
XM’s Minimum Deposit makes it ideal for those who want to trade with as little amount of money as possible. This, together with the availability of a vast choice of assets, competitive spreads, and leverage, makes XM suitable for both the inexperienced and the experienced trader willing to start trading in the financial markets.
Frequently Asked Questions
What is the minimum deposit for XM?
The minimum deposit for XM brokers is $5.
How do I make a deposit and withdrawal with XM?
You can make use of a wide variety of deposit and withdrawal methods including, but not limited to, Bank Wire Transfer, Local Bank Transfer, Credit/Debit Cards, Neteller, and Skrill.
Does XM charge withdrawal fees?
No, not internally. Traders may be charged fees by their banking institution depending on the payment method through which withdrawals are made.
How long does it take to make a withdrawal?
- Bank Wire Transfer – from two to several days / Local Bank Transfer – from one to a few business days
- Credit/Debit Cards – instant / Neteller – instant / Skrill – instant
Is XM regulated?
Yes, by demanding regulating entities, CySEC, ASIC, IFSC, DFSA, and the FCA.
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