XM Withdrawal process for their 4 live trading accounts is relatively easy. Withdrawing funds could take up to 2-5 business days.
XM Withdrawal Process – 8 key points quick overview:
- ☑️XM at a Glance
- ☑️How to Withdraw Funds Step by Step
- ☑️Detailed Withdrawal Information for Traders
- ☑️Fund Withdrawal Terms and Conditions
- ☑️Customer Reviews
- ☑️Pros and Cons
- ☑️Conclusion
- ☑️Frequently Asked Questions
Min Deposit USD 5 Regulators FSC, CySEC, ASIC, Trading Platform MT4, MT5
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 |
How to Withdraw Funds from XM Step by Step
South African traders who want to withdraw funds from their XM trading account can follow the following few steps:
Step 1 – Log in to your XM account.
First, enter your username and password to access your XM account.
Step 2 – Click on the “Withdrawal” button.
Navigate to the “Members Area” and select the “Withdrawal” button.
Step 3 – Choose the withdrawal method.
You can request a withdrawal using any available options, such as a bank wire, a credit card, or an electronic wallet.
Step 4 – Enter your banking details.
Please enter your desired withdrawal amount, bank account information, e-wallet information, etc., into the appropriate fields on the withdrawal form. Then, click the “Submit” button to verify the withdrawal request.
Min Deposit USD 5 Regulators FSC, CySEC, ASIC, Trading Platform MT4, MT5
Detailed Withdrawal Information for Traders
To withdraw funds from your XM account, follow the instructions. Your request will be processed within 24 hours. The money will then be sent to your designated withdrawal account, a bank account, or a digital wallet.
Please be aware, however, that the time it takes to process a bank wire transfer can vary widely by the recipient’s home country and remitter’s home bank.
| 📜 Payment Method | 📈 Deposit Currencies | 👛 Deposit Processing | 💰 Withdrawal Processing |
| Credit Card | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | Instant | 2 to 5 working days |
| Debit Card | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | Instant | 2 to 5 working days |
| Bank Wire Transfer | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | 1 working day | 3 to 5 working days |
| Local Bank Transfer | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | 1 working day | 3 to 5 working days |
| Skrill | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | Instant | 1 working day |
| Neteller | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | Instant | 1 working day |
| WebMoney | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | Instant | 1 working day |
Fund Withdrawal Terms and Conditions
- If XM clients have used multiple deposit methods, withdrawals are prioritized over credit cards, e-wallets, and bank transfers.
- XM only allows withdrawals to be made to accounts in the same name as the trading account holder. This prevents fraud and ensures the security of clients’ funds.
- While XM generally processes withdrawals within 24 hours, the processing time may be longer during busy periods, such as public holidays or high trading volume.
- The minimum withdrawal amount on XM depends on the withdrawal method chosen, but it is typically $5 or equivalent.
- XM does not charge fees for the first five withdrawals in a calendar month. However, the payment provider may impose fees on some withdrawal methods.
- Clients may be required to provide additional documentation to verify their identity before a withdrawal can be processed. This is to comply with anti-money laundering regulations.
- Withdrawals will be processed up to the amount of the original funds deposited. Any profits earned from trading can be withdrawn separately later.
Customer Reviews
🥇 Good Experience.
I have had a good experience with this broker thus far.
No problem with withdrawals or deposits as they let you withdraw back to the bank account you used to deposit with. In addition, they offer the best and the fastest customer support.
🥈 Best Broker (Bonuses, Withdraws, Costs and Support)
XM is a good broker in terms of withdrawals, customer support, and bonuses. However, they could improve on their spreads; otherwise, everything else would be fantastic.
🥉 Good for Starters
One of the best brokers to start your forex journey. I think most newbies have tried this broker due to their heavy marketing. So far they have honored all my profit withdrawals without any problems. Customer support is very good and the platform is good too.
Pros and Cons
| ✅ Pros | ❌ Cons |
| XM offers a ZAR account for South Africans | Bank transfers take longer than other methods |
| There are several reliable withdrawal methods to choose from | Payment providers can apply withdrawal fees |
| XM does not charge any withdrawal fees | |
| Withdrawal requests are processed quickly |
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Conclusion
Fund withdrawal in XM South Africa is straightforward and reliable, upholding the broker’s commitment to customer satisfaction and transparency. Various withdrawal methods, namely local banks, wire transfers, credit/debit cards, and e-wallets, make it easy for South African traders to withdraw funds from XM.
Frequently Asked Questions
What can I do if I am experiencing problems with my XM withdrawal?
If you are experiencing problems with your XM withdrawal, you should contact XM customer support for assistance. They can help you resolve any issues and ensure your withdrawal request is processed quickly and smoothly.
How long does it take for XM withdrawals to be processed in South Africa?
XM processes withdrawals within 24 hours, but the processing time may be longer during busy periods such as public holidays or high trading volume.
Can I withdraw funds from XM to my Capitec Bank account in South Africa?
Yes, you can withdraw funds from XM to your Capitec Bank account in South Africa. Capitec Bank is one of the available withdrawal options for South African clients on XM.
Can I withdraw funds from XM on weekends in South Africa?
Yes, you can submit a withdrawal request on weekends in South Africa, but the processing time may be longer than on weekdays. XM generally processes withdrawals within 24 hours, but the processing time may be longer during weekends and public holidays.
What do South African clients say about XM withdrawals?
Reviews and ratings for XM withdrawals in South Africa are positive, with many clients praising the fast and reliable withdrawal process.
However, it is essential to note that experiences may vary depending on individual circumstances and preferences.
Can I withdraw funds from XM to my FNB account in South Africa?
Yes, you can withdraw funds from XM to your FNB account in South Africa. FNB is one of the available withdrawal options for South African clients on XM.
However, please note that the processing time for bank wire transfers may take longer, depending on your bank and country.
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct when going live.
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