How much does can you deposit with xm global

Other XM deposit options available include both western union and moneygram although these will depend on your location and fees may be applied for these services although not from the broker side.

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XM Minimum Deposit Guide (2021), how much does can you deposit with xm global.

Russian RUB is available only if you are located outside of cysec and FCA regulatory areas.

XM minimum deposit guide (2021)

Trading with a top forex broker like XM is a forward step in the trading career of anyone looking to break into the sector.

Our XM review details exactly what is on offer with this broker providing extensive access to a wide range of markets.

Here we will take a closer look at the financial side of things.

The XM minimum deposit to be exact.

This is something which can certainly influence how you trade so it is well worth noting.

We will look at the minimum deposit for XM by funding method and account type to make sure that we cover all traders.

69.75% of retail CFD accounts lose money

XM account base currency

As with most top brokers, XM accounts are available with many several base currencies. The XM base currency is the one that you trade with and effectively depends upon which account and regulatory type you fall under.

If you have an XM standard or micro account, you can look forward to choosing every major currency as your XM base currency. Also included are PLN and HUF as other options as well as ZAR and SGD.

Russian RUB is available only if you are located outside of cysec and FCA regulatory areas.

If you are an XM zero account holder, you can access USD or EUR as base currencies with JPY available under global market regulation.

XM ultra-low account holders can select between five base currencies. These are EUR, USD, GBP, AUD, and CHF.

If you are an XM shares account holder, USD only is available for trading with.

XM funding and deposit methods

Again there is a range of XM deposit methods available to traders. These will depend on the country in which you live and not the regulatory jurisdiction you fall under.

Wondering for example if you can make a minimum deposit in ZAR?

The answer is yes, you can deposit in any currency, this includes ZAR. These funds will then simply be converted into your base currency for trading on your account.

Wire transfer

XM deposit by wire transfer is, of course, available and widely used. This funding method is available to traders worldwide and there is an minimum deposit of $60 in place here.

With that said, you will incur a fee if the wire transfer you make falls below $200. If the deposit is above this amount, then not only will XM waive any fees they charge, they will also cover any fee you would usually incur from your own bank side. Therefore, although it is not explicitly required, it is in your best interest to deposit more than $200.

Credit cards

Credit card deposits are available through both visa and mastercard at XM. These are accessible to traders around the world with a minimum deposit amount of just $5.

There are no fees associated from the broker side, but again if your financial provider does levy a fee, this will be covered for anything over a $200 deposit by XM.

Ewallet

Again, the minimum XM deposit through an ewallet is only $5. This can be made through neteller, skrill, perfect money, or a host of others dependent upon your country. At this time XM paypal deposits are not available.

Cryptocurrency deposit in the form of bitcoin is available but again this will depend on your location to determine if this option is open to you or not. There are no fees from the broker side for deposits through these methods.

Other XM deposit options

Various local methods and local bank transfer deposits may also be open to you depending on your area. These minimum deposits will vary.

XM minimum deposits

As with most low deposit forex brokers, beyond the funding methods, the XM broker minimum deposits may also depend on the account type you are holding. Here is a rundown of what to expect depending upon the account type you have.

Standard account

The XM standard account is available under every jurisdiction and with a very good value $5 being the minimum deposit here, it is easy to see why many choose to trade with it.

Islamic accounts are also available if you should require them.

Micro account

Again, the XM minimum deposit on their micro accounts is suitably small at just $5. These accounts facilitate trading in micro lots at excellent rates and are available to all traders in every regulatory area. Islamic traders are also catered for.

XM zero account

Changing things up slightly, we arrive at the XM zero account. This account type is available under cysec, FCA, and most of the countries regulated under the XM global market regulatory framework.

The spreads here are unbeatable starting at 0 pips although commissions are charged on trading. The XM minimum deposit for trading on these accounts is still just $100. This represents good value since you can also have access to your own VPS. Again islamic, shariah law compliant accounts are available.

Ultra low account

This XM low spread account type is available to traders based in australia and within the XM global market regulatory framework. This account comes with extra low spreads and no commission to worry about.

The minimum deposit on this account type is $50.

Shares account

Finally, the XM shares account which focuses on shares trading is available only within the XM global market regulatory area and with a $10,000 minimum deposit.

Related guides:

Deposit bonus

XM bonus amounts and XM deposit bonuses are available though not to those regulated under cysec or FCA rules. Also, although you can receive bonuses under certain circumstances with XM, the bonus amounts themselves are typically not eligible to withdraw, though any profits derived from them usually are.

No deposit bonus

Unlike many brokers, an XM no deposit bonus is available. This means you can effectively start trading without any real money. While you cannot withdraw the bonus funds, you can withdraw any profits made from them.

This XM bonus amount is in the form of a $30 welcome bonus or the equivalent amount based on your account.

XM bonus program

An XM bonus program is in place. This program provides for a 50% deposit bonus up to $500 and then a further 20% deposit bonus on amounts up to $4500. This can be redeemed through trading with the broker. The only exception with this is that it is not available with XM ultra-low accounts.

69.75% of retail CFD accounts lose money

Question: how to make a deposit to XM's trading accounts?

How to deposit via credit/debit card to XM trading account

XM - what's now?

Leverage 1:888 does not apply to client registered under the EU regulated entity of the group. The maximum leverage for trading point of financial instruments is 30:1.

How to make a deposit to XM’s MT4 and MT5 accounts?
1. Login to the XM’s “members area”
2. Select the deposit method “credit/debit cards”
3. Type in the deposit amount
4. Confirm the account number and deposit amount
5. Type in credit/debit card information in secured page

Questions and answers about deposit and withdrawal with XM
1. What fund deposit and withdrawal methods are available with XM?
2. In which currency can I deposit funds to XM’s accounts?
3. What is the required minimum deposit amount to XM’s trading accounts?
4. Can I withdraw funds via credit/debit cards more than I have deposited?
5. Can I withdraw my money from XM whenever I want?
6. Can I withdraw my money from XM if I have an open position?
7. How long does it take to transfer funds via bank wire transfer?
8. How long does it take to withdraw funds from XM’s accounts?
9. How long does it take to deposit and withdraw funds via credit card, e-wallet or any other payment method?
10. How much is the fee to deposit and withdraw funds?
11. Can I deposit by e-wallets (online wallets) and withdraw money via credit/debit cards?
12. Can I transfer money to another person’s trading account?
13. Can I deposit to/withdraw from my friend’s/relative’s account?
14. Can I withdraw profits and bonus made in the bonus account?
15. Can I transfer money in my account to another account of XM?
16. What will happen to the bonus if I use internal transfer?
17. I used more than one deposit option, how can I withdraw now?

How to make a deposit to XM’s MT4 and MT5 accounts?

To XM’s trading accounts, there are various ways to make a deposit.

For the list of XM’s all fund deposit and withdrawal methods, visit the page here.

Or you can also login to XM’s members are to find out which funding options are available for your region.

In this article, we will show you how to make a deposit to XM’s trading accounts by using credit or debit card.

To make a deposit into XM’s trading account, please follow the instruction below.

2. Select the deposit method “credit/debit cards”

3. Type in the deposit amount

4. Confirm the account number and deposit amount

5. Type in credit/debit card information in secured page

The deposit amount will be instantly reflected into your trading account.

Are you having trouble with deposit to XM MT4 or MT5?

Contact their support team on livechat. They are available for 24/7.

How XM keeps clients’ funds in the safe place? Visit the page here to find out more about the security of funds.

Questions and answers about deposit and withdrawal with XM

Fund management is always a delicate matter, and you are recommended to always know the rules of fund deposit and withdrawal with XM.

In case you have any questions about the fund management with XM, you should contact XM’s support team.

We have also picked up some of the popular and frequently asked questions below.

1. What fund deposit and withdrawal methods are available with XM?

XM offers a wide range of payment options for deposits/withdrawals: by multiple credit cards, multiple electronic payment methods, bank wire transfer, local bank transfer and other payment methods.

As soon as you open a trading account, you can log in to XM’s members area, select a payment method of your preference on the deposits/withdrawal pages, and follow the instructions given.

Visit the page here to see the list of all available fund deposit and withdrawal methods for XM’s trading accounts.

Note that the number of available fund deposit and withdrawal methods maybe limited for traders in certain countries.

To see the whole list of available funding options, please login to XM’s members area.

2. In which currency can I deposit funds to XM’s accounts?

You can deposit money in any currency of your preference, which will get automatically converted into the base currency of your trading account.

The conversion of currencies will be made by XM’s banks or the payment service providers.

To avoid any exchange fees, you are recommended to open your trading accounts in your local currency.

With XM, you can open live trading accounts with the following base currencies: USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD, ZAR.

Note that the number of available account’s base currencies maybe limited depending on the account type and the country residence.

Visit the page here for the comparison of XM’s all trading account types.

3. What is the required minimum deposit amount to XM’s trading accounts?

The minimum deposit/withdrawal amount is 5 USD (or equivalent denomination) for multiple payment methods supported in all countries.

However, the amount varies according to the payment method you choose and your trading account validation status.

You can read more details about the deposit and withdrawal process in the members area.

For some payment methods, there can be certain cost of money transfer, thus you may consider the involved costs before making any fund transfers.

4. Can I withdraw funds via credit/debit cards more than I have deposited?

Since XM can only transfer the same amount back to your card as the amount you have deposited, profits can be transferred to your bank account via wire transfer.

If your credit/debit card is disabled due to it’s expired or stolen, then XM may send back the funds to your bank directly.

This rule applies to many of other funding options.

For more information, please login to XM’s members area from XM official website.

5. Can I withdraw my money from XM whenever I want?

Yes, you can withdraw your funds whenever you want to, as long as your trading account is validated.

In order to withdraw funds, your trading account must be validated.

This means that first you need to upload your documents in our members area: proof of identity (ID, passport, driving license) and proof of residency (utility bill, telephone/internet/TV bill or bank statement), which include your address and your name and can’t be older than 6 months.

Once you receive confirmation from XM’s validation department that your account has been validated, you can request the funds withdrawal by logging in to the members area, selecting the withdrawal tab and sending us a withdrawal request.

It is only possible to send your withdrawal back to the original source of deposit.

All withdrawals are processed by XM’s back office within 24 hours on business days.

For more information about the required documents to complete the account verification, visit the page here.

6. Can I withdraw my money from XM if I have an open position?

Yes, you can. However, to ensure the safety of XM’s clients’ trades the following restrictions apply:

Requests which would cause the margin level to drop below 150% will not be accepted from monday 01:00 to friday 23:50 GMT+2 (DST applies).

Requests which could cause the margin level to drop below 400% will not be accepted during weekends, from friday 23:50 to monday 01:00 GMT+2 (DST applies).

When requesting for fund withdrawals, make sure that you will have enough margins to support your open positions.

If the margin level reaches certain low level, stop out (liquidation) gets triggered and all open positions will be forcefully closed at the last available market price.

7. How long does it take to transfer funds via bank wire transfer?

It depends on the country the money is sent to.

Standard bank wire within the EU takes 3 working days.

Bank wires to some countries may take up to 5 working days.

If your funds haven’t arrived for more than 5 business days, you may contact your bank to track the status of your money transfer.

The bank wire transfer could take longer in case the information you have put is incorrect.

8. How long does it take to withdraw funds from XM’s accounts?

Your withdrawal request is processed by XM’s back office within 24 hours.

You will receive your money on the same day for payments made via e-wallet, while for payments by bank wire or credit/debit card it usually takes 2 – 5 business days.

In case XM’s bank office cannot process your fund withdrawals, they will contact you regarding to the issue.

In case you haven’t received your funds for certain days after the fund withdrawal is completed, you may need to contact your banks or payment service providers to track the money transfer.

9. How long does it take to deposit and withdraw funds via credit card, e-wallet or any other payment method?

All deposits are instant, except for the bank wire transfer.

All withdrawals are processed by XM’s back office in 24 hours on business days.

In case you haven’t received your funds after the fund withdrawal is completed, you may need to contact your banks or payment service providers to track the money transfer.

In case of fund withdrawal via credit and debit cards, the process could sometimes take more than a week by the card companies.

10. How much is the fee to deposit and withdraw funds?

XM does not charge any fees for all deposit/withdrawal options.

For instance, if you deposit 100 EUR by ewallet and then withdraw 100 EUR, you will see the full amount of 100 EUR in your ewallet account, as XM covers all transaction fees for you both ways.

This also applies to all credit/debit card deposits.

For deposits/withdrawals via bank wire transfer, xmtrading covers all transfer fees imposed by our banks, except for deposits amounting to less than 200 EUR (or equivalent denomination).

11. Can I deposit by e-wallets (online wallets) and withdraw money via credit/debit cards?

To protect all parties against fraud and in compliance with the applicable laws and regulations for the prevention and suppression of money laundering, XM company’s policy is to return clients’ funds to the origin of these funds, and as such the withdrawal will be returned to your e-wallet account.

This applies to all withdrawal methods, and the withdrawal has to go back to the source of the funds deposit.

In case you have made deposits via multiple methods, then please contact XM support to team to clarify the methods available for fund withdrawals.

12. Can I transfer money to another person’s trading account?

It is forbidden to transfer funds between different clients’ accounts and involve any third parties.

You can also make deposits only to your trading accounts, but not to any other person’s accounts.

No third parties can make deposits on behalf of you, to your trading accounts either.

If you have opened multiple trading accounts under your profile, then you can transfer funds between these live trading accounts internally in XM’s members area.

13. Can I deposit to/withdraw from my friend’s/relative’s account?

As XM is a regulated company, XM does not accept deposits/withdrawals made by third parties.

Your deposit can only be made from your own account, and the withdrawal has to go back to the source where the deposit was made.

This rule applies to any other online forex and CFD brokers which are regulated by certain financial authorities.

14. Can I withdraw profits and bonus made in the bonus account?

The bonus is for trading purposes only, and cannot be withdrawn.

XM offers you the bonus amount to help you open larger positions and allow you to hold your positions open for a longer period.

All profits made with the bonus can be withdrawn at any time.

XM does not have the maximum limitation to the amount of profits you can withdraw from live trading accounts.

Note that for profits made in XM’s $30 no deposit bonus account, there are certain trading requirement.

For more information and full condition of XM’s $30 no deposit bonus promotion, visit the page here.

15. Can I transfer money in my account to another account of XM?

You can request an internal transfer between two trading accounts, but only if both accounts have been opened under your name and if both trading accounts have been validated.

If the base currency is different, the amount will be converted.

Internal transfer can be requested in the members area, and it is instantly processed.

16. What will happen to the bonus if I use internal transfer?

In this case the bonus will be credited proportionally.

The example of how the bonus will be transferred to other accounts

17. I used more than one deposit option, how can I withdraw now?

If one of your deposit methods has been a credit/debit card, you always need to request withdrawal up to the deposit amount, as a prior to any other withdrawal method.

Only in case that amount deposited via credit/debit card is fully refunded back to source, you may select another withdrawal method, according to your other deposits.

Post tags

#CC deposit

#credit/debit card

#deposit method

#instantly

#manual

#members area

#metatrader4

#MT4

#trading account

#xemarkets

#xmtrading

See the trading condition of this mega FX broker.

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Hercules.Finance is a financial education website powered by a team of financial specialists and IT experts, mainly introduce solutions of forex, CFD and commodity investment, and a number of payment services. With more than 30 partnered companies all over the world, hercules.Finance offers trusted and timely information for investors and users of the services. By referring to hercules.Finance, you can find all latest news/information, financial technical/fundamental analysis, main/exclusive bonus promotions of partnered companies and a number of educational materials of finance. For the list of all partnered companies, please visit here. For more latest information of the website, please visit hercules.Finance.

Risk warning

Foreign exchange and contracts for difference ("cfds") are complex financial products that are traded on margin. Trading forex & cfds carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, forex & cfds may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. Past performance of forex & cfds is not a reliable indicator of future results. All information on hercules is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Please note the spreads displayed in the website are all included extra trading commissions, as it shows the whole commissions charged by each broker. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website.

Recommended broker

XM is the brand name of trading point holdings limited. They own four subsidiaries, each with their own license.

In cyprus, XM is licensed by cysec. This regulatory body is authorized to work by the governing laws of cyprus when investigating broker firms. Cysec covers its clients’ funds with the ICF which permits for a compensation of up to €20 000 to be paid to traders in case the broker fails to pay its dues.

In australia, XM is certified by ASIC. As most regulatory bodies do, ASIC aims to enforce laws concerning the financial markets, and strives to deliver good investment environment.

XM is also regulated in the mesoamerican country of belize by their respective body: the international financial services commission (IFSC). Their main goal is to promote belize as a financial offshore center while also providing the appropriate regulatory measures to support said endeavor.

The average EUR/USD spread at XM is 1.6 pips, and goes as low as 0.1 pips for XM zero account (plus commission- read below). The leverage can go as high as 1:500. However, due to ESMA introduced laws the leverage in the UK and EU has been limited to 1:30.

XM provides a rich choice of assets, making sure that almost every taste is met accordingly. These are: forex cfds, commodities cfds, equity indices cfds, precious metals cfds and energies cfds.

Expanding XM even further is the baffling volume of languages available: english, australian english, russian, italian, polish, japanese, thai, czech, malaysian, greek, indonesian, swedish, arabian, portuguese, filipino, bengali, chinese, hungarian, french, german, spanish, vietnamese and dutch.

The inclusion of the two most popular trading platforms- MT4 and MT5- is not surprising.

METATRADER 4

MT4 is always a good reminder of just how far the industry has gotten. This platform holds the popularity title for many a reason: advanced charting tools, custom indicators, expert advisors and more. MT4’s VPS allow for seamless automated trading at all times, uninterrupted by computer failures, sudden power cuts or connectivity issues.

Average EUR/USD spread is 1.6 pips, and 0.8 pips for the XM zero account (including commission). Due to ESMA the UK and EU are limited to provide a leverage no bigger than 1:30. Offshore subsidiaries of trading point holdings limited are not bound by this rule and can afford a max leverage of 1:500.

XM zero account holders will be commissioned by $3.5 per side (7$ round turn) for every standard lot ($100 000), in turn changing the minimum cost of trading from 0.1 pips to 0.8 pips.

Besides the desktop version of MT4, there is also a neat web based alternative (no trading bots though). Get direct access to MT4 on virtually any device (mobile or tablet) operating with an android or ios operating system.

METATRADER 5

Offering more in pure quantity than MT4, MT5 has still a hard time replacing its predecessor mostly due to the fact that MT4 is universal, and essentially used by every online broker. Nevertheless, MT5 allows for full expert advisor support, has a built in economic calendar, more pending orders are available, has increased time-frames, and much more. Virtual private servers can be utilized as well.

The spread has not changed: with standard account it is 1.6 pips for EUR/USD. By adding the commission to the 0.1 pip spread for XM zero, account holder will get an actual spread starting from 0.8 pips.

In the UK and EU the leverage has been set by ESMA to 1:30 max. Outside of the EU and UK expect the leverage to be as high as 1:500.

The means of access to MT5 are various: desktop, web based platform, ios and android apps.

XM MINIMUM DEPOSIT

The minimum deposit is $5, and $100 if you’re using an XM zero account.

The broker purposefully retains payment methods information from non-deposited traders. From what we gathered, after extensive digging in the website and long customer support chat sessions, XM group is accepting multiple local payment methods including credit/debit card, skrill, bank wire transfer, etc. The full list of payment methods can be seen in user’s member’s area once an account is registered.

The base currencies at XM are: USD, EUR, GBP, CHF,‎ AUD, HUF, PLN.

Wire transfer users will have to wait 2-5 days for their XM accounts to be funded. Card methods and ewallet deposits are instant.

The broker offers free of charge deposits for all methods except those made by wire transfer. If such is the case anything below a $200 (or other currency) will be billed with a commission by the broker.

XM WITHDRAWAL TIME AND FEES

Cysec regulations guarantee that all withdrawals will be safe and secure.

As mentioned above, payment methods are vague and unspecified unless you open an account. What we got from our own research is that XM group is accepting multiple local payment methods including credit/debit card, skrill, bank wire transfer, etc.

All withdrawals are processed within 24 hours. Users of XM card or any ewallet methods will receive their money on the same day the request has been processed, while wire transfer and credit/debit card user will have to wait 2-5 working days.

The minimum withdrawal amount is $5. However the amount does vary depending on the payment methods. And as specified, without an account you cannot see all available methods of payment.

XM covers the fee for wire transfer for 200$ withdrawal and above. Anything below will not be covered by XM and can be burdened with a fee by the client’s bank of choice. All other withdrawal methods are free of taxes.

BOTTOM LINE

XM is massive in both quantity and quality. The regulations mean business, but also security for clients, while the amount of content is, quite frankly, impressive to say the least.

However every rose has its thorns. In XM’s case it’s the commission for XM zero account holders, and the withheld information on deposits and withdrawals.

Margin calculator

Our margin calculator helps you calculate the margin needed to open and hold positions.

Enter your account base currency, select the currency pair and the leverage, and finally enter the size of your position in lots.

How it works:

Our margin calculator helps you calculate the margin needed to open and hold positions.

Enter your account base currency, select the currency pair and the leverage, and finally enter the size of your position in lots.

The calculation is performed as follows:

Required margin = trade size / leverage * account currency exchange rate

Volume in lots: 5 (one standard lot = 100,000 units)
leverage: 100
account base currency: USD
currency pair: EUR/USD
exchange rate: 1.365 (EUR/USD)

Required margin = 500,000 /100 * 1.365
required margin is $6825.00 USD

Legal: this website is operated by XM global limited with registered address at no. 5 cork street, belize city, belize, CA.

Trading point holdings ltd is the holding company of trading point of financial instruments limited, XM global limited, trading point of financial instruments UK limited, trading point of financial instruments pty ltd, and trading point MENA limited.

Trading point of financial instruments limited is authorised and regulated by the cyprus securities and exchange commission (cysec) (licence number 120/10).
XM global limited is authorised and regulated by the international financial services commission (IFSC) (license number 000261/106).
Trading point of financial instruments UK limited is authorised and regulated by the financial conduct authority (FRN: 705428).
Trading point of financial instruments pty ltd is authorised and regulated by the australian securities and investment commission (AFSL 443670).
Trading point MENA limited is authorised and regulated by the dubai financial services authority (DFSA) (reference no. F003484).

Risk warning: forex and CFD trading involves a significant risk to your invested capital. Please read and ensure you fully understand our risk disclosure.

Restricted regions: XM global limited does not provide services for the residents of certain countries, such as the united states of america, canada, israel and the islamic republic of iran.

This website uses cookies

By clicking “continue”, you agree to the default cookie settings on our website.

XM uses cookies to ensure that we provide you with the best experience while visiting our website. Some of the cookies are needed to provide essential features, such as login sessions, and cannot be disabled. Other cookies help us improve our website’s performance and your experience through personalising content, providing social media features and analysing our traffic. Such cookies may also include third-party cookies, which might track your use of our website. You may change your cookie settings at any time.

For more information please read our cookie policy.

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Read more, or change your cookie settings.

What are cookies?

Cookies are small data files. When you visit a website, the website sends the cookie to your computer. Your computer stores it in a file located inside your web browser.

Cookies do not transfer viruses or malware to your computer. Because the data in a cookie does not change when it travels back and forth, it has no way to affect how your computer runs, but they act more like logs (i.E. They record user activity and remember stateful information) and they get updated every time you visit a website.

We may obtain information about you by accessing cookies, sent by our website. Different types of cookies keep track of different activities. For example, session cookies are used only when a person is actively navigating a website. Once you leave the website, the session cookie disappears.

Why are cookies useful?

We use functional cookies to analyse how visitors use our website, as well as track and improve our website’s performance and function. This allows us to provide a high-quality customer experience by quickly identifying and fixing any issues that may arise. For example, we might use cookies to keep track of which website pages are most popular and which method of linking between website pages is most effective. The latter also helps us to track if you were referred to us by another website and improve our future advertising campaigns.

Another use of cookies is to store your log in sessions, meaning that when you log in to the members area to deposit funds, a "session cookie" is set so that the website remembers that you have already logged in. If the website did not set this cookie, you will be asked for your login and password on each new page as you progress through the funding process.

In addition, functional cookies, for example, are used to allow us to remember your preferences and identify you as a user, ensure your information is secure and operate more reliably and efficiently. For example, cookies save you the trouble of typing in your username every time you access our trading platform, and recall your preferences, such as which language you wish to see when you log in.

Here is an overview of some of the functions our cookies provide us with:

Verifying your identity and detecting the country you are currently visiting from

Checking browser type and device

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XM company news

XM introduces account funding via local bank transfer

We are pleased to inform our clients that we have added local (domestic) bank transfer as a new deposit option.

With the newly available XM transfer option clients have the opportunity to fund their trading accounts via local banks, in their country of residence and in their local currency.

Funds transfer from local banks is already available in well over 50 countries worldwide, with further countries to expand the current service in. Moreover, whichever local currency clients transfer the funds in, XM automatically converts the funds currency into the base currency of clients’ trading accounts.

In this way, account funding via local banks can be easily performed with the desired amount at anytime by logging in to our members area and following the simple instructions. For further details, please visit the account funding section.

Important notification – january bank holiday
january 5, 2021 at 11:38 am GMT

XM donates to doctors without borders
january 4, 2021 at 1:02 pm GMT

XM donates to dompet dhuafa
december 24, 2020 at 7:00 am GMT

XM supports families and children
december 23, 2020 at 7:50 am GMT

Market holiday schedule and season’s greetings
december 21, 2020 at 2:09 pm GMT

Important notification – january bank holiday
january 5, 2021 at 11:38 am GMT

XM donates to doctors without borders
january 4, 2021 at 1:02 pm GMT

XM donates to dompet dhuafa
december 24, 2020 at 7:00 am GMT

XM supports families and children
december 23, 2020 at 7:50 am GMT

Market holiday schedule and season’s greetings
december 21, 2020 at 2:09 pm GMT

Investment research

Legal: this website is operated by XM global limited with registered address at no. 5 cork street, belize city, belize, CA.

Risk warning: forex and CFD trading involves a significant risk to your invested capital. Please read and ensure you fully understand our risk disclosure.

Restricted regions: XM global limited does not provide services for the residents of certain countries, such as the united states of america, canada, israel and the islamic republic of iran.

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XM group review

Since it was founded in 2009, XM group has grown to become one of the largest and well-established investment firms with more than 1,500,000 clients worldwide.

XM group provides support for more than 30 languages, while it aims for 99.35% of all its trading orders to be executed in less than one second, with no re-quotes and no rejections.

With clients from more than 190 countries, XM group offers a range of services including currency trading, cfds on equity indices, precious metals, and energies. There are also more than 25+ secure payment methods available to traders, across 16 full feature trading platforms.

XM group is a group of online regulated brokers. Trading point of financial instruments ltd was established in 2009 in limassol, cyprus and is regulated by cysec with license number 120/10. XM global limited was established in 2017 with headquarters in belize and it is regulated by international financial services commission (000261/106)

Used by 700,000+ traders

Established in 2009

Regulated by IFSC, cysec, and ASIC

Min. Deposit from €5

To open a live account, you’ll need a minimum deposit of at least €5. Alternatively, XM group offers a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by cysec (licence: 120/10), and ASIC (AFSL #443670). XM group puts all client funds in a segregated bank account and uses tier-1 banks for this. XM group has been established since 2009, and have a head office in cyprus & belize.

Before we dive into some of the more detailed aspects of XM group’s spreads, fees, platforms and trading features, you may want to open XM group’s website in a new tab by clicking the button below in order to see the latest information directly from XM group.

Full disclosure: we may receive a commission if you sign up with a broker using one of our links.

78.04% of retail investors lose money when trading spread bets and cfds with this provider.

What are XM group's spreads & fees?

Like most brokers, XM group takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

The commisions and spreads displayed below are based on the minimum spreads listed on XM group’s website. The colour bars show how competitive XM group's spreads are in comparison to other popular brokers featured on brokernotes.

XM group
EUR/USD (average: 0.7 pips)	0.1 pips + $10.00	0.09 pips + $5.00	0.1 pips
GBP/USD (average: 1.1 pips)	0.1 pips + $10.00	0.59 pips + $5.00	0.1 pips
USD/JPY (average: 1.1 pips)	0.1 pips + $10.00	0.25 pips + $5.00	0.1 pips
AUD/USD (average: 0.8 pips)	0.2 pips + $10.00	0.17 pips + $5.00	0.2 pips
USD/CHF (average: 2.3 pips)	0.2 pips + $10.00	0.35 pips + $5.00	0.2 pips
USD/CAD (average: 2.9 pips)	0.2 pips + $10.00	0.31 pips + $5.00	0.3 pips
NZD/USD (average: 3.6 pips)	0.3 pips + $10.00	1.1 pips + $5.00	0.3 pips
EUR/GBP (average: 2.4 pips)	0.2 pips + $10.00	1.0 pips + $5.00	0.1 pips

Spreads are dynamic and are for informational purposes only.

As you can see, XM group’s minimum spread for trading EUR/USD is 0.1 pips - which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with XM group vs. Similar brokers.

How much does XM group charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with XM group at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $9.85. Here’s a rough breakdown of the fees and how this compares against IG & XTB .

XM group	IG	XTB
spread from :	$ 1.00	$ 6.00	$ 2.00
commission :	$0.00	$0.00	$0.00
total cost of a 100k trade:	$ 1.00	$ 6.00	$ 2.00
$5 more	$1 more
visit XM group	visit IG	visit XTB

All fees/prices are for informational purposes and are subject to change.

What can you trade with XM group?

XM group offers over 261 different instruments to trade, including over 55 currency pairs. We’ve summarised all of the different types of instruments offered by XM group below, along with the instruments offered by IG and XTB for comparison.

FX / currency cfds	XM group	IG	XTB
# of forex pairs offered	55	90	48
major forex pairs	yes	yes	yes
minor forex pairs	yes	yes	yes
exotic forex pairs	yes	yes	yes
cryptocurrencies	no	yes	yes

commodity cfds	XM group	IG	XTB
# of commodities offered	15	34	21
metals	yes	yes	yes
energies	yes	yes	yes
agricultural	yes	yes	yes

index & stock cfds	XM group	IG	XTB
# of stocks offered	160	8000	1606
UK shares	yes	yes	yes
US shares	yes	yes	yes
german shares	yes	yes	yes
japanese shares	yes	yes	yes
see XM group's instruments	see IG's instruments	see XTB's instruments

What’s the XM group trading experience like?

1) platforms and apps

XM group is one of the few brokers that offer both of the metatrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. The combination of downloadable platforms for both mac and windows allows traders to trade with their device of choice.

XM group also offer mobile apps for android and ios, making it easier to keep an eye on and execute your trades while you are on the move.

Still not sure?

2) executing trades

XM group allows you to execute a minimum trade of 0.01 lot. This may vary depending on the account you open. XM group allows you to execute a maximum trade of 100 lot.

As a market maker, XM group may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

As a nice bonus, XM group are one of very few brokers that claim to have no requotes, so you don’t have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

XM group also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders negative balance protection price alerts and much more. You can see all of the account features offered by XM group here.

Finally, we’ve listed some of the popular funding methods that XM group offers its traders below.

Trading features:

Allows scalping

Allows hedging

Low min deposit

Offers negative balance protection

Accounts offered:

Demo account

Micro account

Standard account

Zero spread account

Islamic account

Funding methods:

3) client support

XM group support a wide range of languages including arabic, chinese, english, french, german, greek, hindi, hungarian, indonesian, italian, japanese, korean, malay, polish, portuguese, russian, spanish, swedish, thai, and turkish.

XM group has a brokernotes double AA support rating because XM group offer over three languages

4) what you’ll need to open an account with XM group

As XM group is regulated by IFSC, cysec, and ASIC , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

A scanned colour copy of your passport, driving license or national ID

A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore XM group’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with XM group you can visit their website here.

A review & guide to trading with XM

XM group is a group of online regulated brokers. Trading point of financial instruments ltd was established in limassol, cyprus and is regulated by cysec with license number 120/10. Trading point of financial instruments pty ltd was established in sydney, australia and is regulated by ASIC with license number 443670. Let us take a quick look at some of the basic features of this platform which are important to note when considering XM as an online broker.

Trading systems

XM offer a variety of trading platforms, including web trader, MT4 and MT5. Web trader is excellent due to the fact that a client can access real-time market information directly through the website without having the need to download any software. This is ideal for those with limited hard disk space or who wish to access their account through a smartphone.

Metatrader 4 is one of the most popular systems currently in place. Not only are all prices and movements clear, but its user-friendly nature will vastly increase the performance of any trader. It should be noted that both manual and automatic trading options are available through metatrader 4.

Types of accounts

The first level of trading account is known as their micro trading account, which can be opened with $5. This is aimed at those who are learning the forex markets and wish to trade micro lots.

XM group’s standard trading account represents the next level up. As the name suggests, this is the type that is primarily used by seasoned traders who are willing to expose themselves to a moderate amount of risk with standard lots. One of the primary differences with this account is that larger contract sizes are available.

XM zero accounts require a minimum deposit of $100 and offer spreads as low as zero pips, along with XM’s no re-quotes execution policy. It’s important to note that XM charge a total commission of $7 for every $100,000 traded on their zero account.

Demonstration accounts are also available. These are intended for those who wish to try out the platform before making an ultimate decision. Interestingly enough, no less than $100,000 dollars in virtual funds are provided. It should be mentioned that XM also offers islamic accounts for those who wish to trade under the principles of sharia law.

Spreads and commission

As with most online forex brokers, the spreads will depend upon the trading system and the type of account. Spreads can start as low as zero pips (on a zero spread account). An added benefit in regards to these pips is that fractional pricing is available; five digits are provided as opposed to the standard four digits offered in other sites. Both fixed and variable spreads can be chosen by the trader.

There are no commissions charged by XM. Instead, the company makes a profit on the spreads of the trades themselves. There are therefore no hidden fees and the gains (or losses) which a trader makes are quite real.

Underlying assets

There are several different instruments that can be traded through XM. Some of the most popular are:

Forex

Stocks cfds

Commodities cfds

Precious metals cfds

Energies cfds

Equity indices cfds

No EFT trading is supported by this platform.

Reliability and efficiency

XM.Com is considered by many to be one of the most reliable platforms available for those who wish to execute real-time trades (nearly 100% are completed in less than one second). There will be no re-quotes and all figures are as they stand upon the execution of a position. Due to the use of the previously mentioned trading platforms, there is little lag times between the observed prices and their actual market equivalents. However, this will partially rely upon the processing power of one’s computer and its connection speed.

Payment and withdrawal methods

XM group accepts the most commonly used local payment methods today including credit/debit card, neteller, skrill, bank wire transfer, etc.

It should be noted that it’s currently not possible to use paypal to deposit or withdraw funds.

Customer support

XM boasts appreciable levels of client engagement and support. A live chat widget, email and telephone number are offered as standard to clients of all account levels. One of the most interesting features of this support is that (currently) XM provides customer service in no less than 20 different languages. Facsimiles are also able to be sent to four different numbers depending upon one’s physical location. These support services are only available from monday through friday. Any requests put forth during the weekend will be addressed on the next business day.

Conclusion

XM group is quite a popular online broker for traders of all skill levels. Its primary benefits are the high reliability of trade executions, easily manageable platforms, and no order rejection.

Still, there are some downsides to be noted. As mentioned previously, the use of paypal for money transfers is currently not supported. There is little difference (besides the risk and trading volume) of the three account types. Finally, the fact that customer support is only available from monday until friday may slightly aggravate some traders who wish to execute positions during the weekend. XM.Com is nonetheless a powerful online forex broker which should not be overlooked.

Marcus founded brokernotes in 2014 after trying hard to find a broker for himself to trade and struggling to compare brokers like-for-like. You can find more about brokernotes & marcus here.

Cfds are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from www.Xm.Com on 01/02/2021.

XM group not quite right?

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XM deposit bonus: policies and limitations

Platform

Expiration

Min. Volume

If you are someone who trades on the forex market for a while now, you shall definitely know the XM forex broker. As that is undeniably one of the most reliable and trustworthy ones out there. However, if you are a beginner, you shall undeniably consider taking a look at it. This is a broker you should go for if you are looking for trust and reliability, as well as if you are seeking for the beneficial XM deposit bonus.

With the metatrader 4 and metatrader 5 platforms, the brokerage gives you a wide spectrum of ways to increase your trading profit. Moreover, that allows you to get the deposit bonus we will talk about in more details in that article. Reliability is vital for one to make a deposit with a broker and this is why we have decided to highlight the main points of the XM deposit bonus. However, now without any hidden conditions, XM gives you an impulse with their new deposit bonus for you to start trading right away. Should you or shouldn’t you go for it? Find out in the XM bonus review!

XM deposit bonus description

XM forex broker guarantees that your account will be increased by 50% for any deposit below $1,000. Thus, if you deposit, for instance, $50, then you will get an additional bonus of $2.50. And your trading capital will reach $7.50.

However, the maximum amount of the bonus that might be received equals $500. That means that you are granted a 50%-bonus only until your deposit does not exceed $1,000.

Once your deposit amount is more than $1,000, you will still have that 50% added on the first $1,000 of your deposit. Also, 20% will be given as a bonus for any amount more than that.

This means if you deposit an amount of USD $22,500, your account balance will become USD $28,500. The math on this is pretty simple and you can see it in more details in this table:

Any account holder can have his own bonus! No matter if you are a new customer or have been trading with XM for years. However, as you see from the table above, the biggest bang for your buck can be achieved with actually a $1,000 worth deposit.

XM bonus limitations

That is important to mention that the bonuses are not available on the XM ultra low account, as well as on the XM shares account.

This is not a limited one-time deal offer. If a client an XM bonus deposit worth $250 four times, $125 will be added each time to the account until it reaches the $1,000. However, the maximum bonus a person can receive is $5,000. Trading bonus is there to help new and existing clients to hold their positions open for a longer period. XM forex bonus is not eligible for clients registered under trading point of financial instruments ltd and trading point of financial instruments UK ltd.

XM trading bonus withdrawal policies

Even though getting a deposit bonus is easy with that broker, the withdrawal procedure is not that primitive. And is rather targeted to make traders leave the funds on their accounts.

Therefore, when you are trying to withdraw funds from your XM bonus account, the broker will charge you with the amount of the bonus that will be proportional to the amount of the funds for withdrawal. Just to illustrate: imagine you deposited $1,000 and you were given $500 as a bonus (50%). Then you decided to withdraw $250 (25%) out of $1,000 available, as you still can’t withdraw the bonus. As a result, a total sum of $125 (25% of the bonus) will be removed.

But, for instance, if you have managed to generate some additional profit, then the picture will be a bit different. Imagine that you have deposited $1,000, received a $500 worth XM deposit bonus, and things turned out to be great for you. And you gained a profit of $2,000 from trading. Now you have $3,000 available to withdraw and you want to take them all out of the account. In that case, $500 of the bonus will be removed just because that will equal 100%. Maybe the table will help you to understand that easier:

Another XM bonus program

XM forex broker is constantly coming up with innovative bonus programs that will ensure that traders will stay loyal and interested. Thus, augmented XM points service was recently launched as an added bonus one may use while trading on the platform. You can subscribe and unsubscribe to that any time you want without any restrictions.

XMP has a status of reward for the loyal customer. Thus, as you trade, you received those bonus points that might be later transferred to the monetary bonus. That can be calculated in the following way:

However, in order to received XMP in the first place, you need to create an account and sign up for the loyalty program. There are several you may choose from XM executive, XM gold, XM diamond, XM elite.

If you are the part of the executive loyalty program, then you will receive 10XMP per lot straight away. If you are the gold loyalty program’s member, then you will receive 13XMP per lot after at least 30 days of trading. If you are a member of diamond loyalty program, then you will be guaranteed to receive 16XMP per lots only after 60 days of trading on the platform. Finally, if you are the holder of elite loyalty program, then you will be provided with 20XMP per lot after 100 days of trading with XM broker.

So, imagine you have 10,000XMP gained and you have decided to redeem 3,000XMP. Then, according to the formula provided above, you will receive $1,000 of bonus and will still have 7,000XMP on your account to convert and withdraw later.

However, there are some details worth mentioning when it comes to withdrawal of XMP from an account. For instance, you have 3,000XMP to redeem and you have gained an additional $1,500 while trading that you are allowed to withdraw. You have decided to withdraw only the part of it, $750, which is 50% of the total sum stored on the account. That means that the same 50% will be removed from your XMP bonus, which will equal $500 (3,000XMP / 3= $1,000). Take a look at the table below to understand the process better:

XM broker account types

There are various account options available while registering with the XM broker. Thus, you can choose between micro, standard and XM ultra low one. They differ depending on the size of lots, as well as the minimum deposit rate and leverage, availability of the bonus.

The micro account has a leverage of 1:1 to 1:888, the spreads can be as low as 1 pip, the minimum deposit can be $5, the minimum trade volume is 0.01 lots, and there is no commission charged. However, you won’t be able to obtain an XM deposit bonus on that account.

The standard account has a leverage of 1:1 to 1:888, the spreads can be as low as 1 pip, the minimum trade volume is 0.01 lots, the minimum deposit is $5 as well. And you can obtain bonus using that account.

The XM ultra low account has a leverage of 1:1 to 1:888, the spreads can be as low as 0.6 pip, the minimum deposit should be at least $50, the minimum trade volume is 0.01 lots, and there is no commission charged. And you cannot get the bonus on that account as well.

Among the currencies available for trading there are:

Advantages

Even though we would recommend you to open an account with XM, there is one big benefit of the XM deposit bonus. It comes with a multi-account availability. When an XM bonus deposit comes to an account and then it’s transferred to another one, the bonus value will be transferred as well! The system calculates the share of the bonuses that should be transferred and makes sure you get an equal proportion on your other account. This is quite comfortable, as many brokers would simply remove your bonus if you try to move funds from one account to another.

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so, let's see, what was the most valuable thing of this article: discover the XM minimum deposit needed to open an account, and the best way to do it, depending on base currencies, funding methods and deposit bonuses. At how much does can you deposit with xm global