XM Withdrawal Fees Explained - Updated [year]

How to Withdraw from XM?

XM functions similarly to online banking when it comes to requesting a withdrawal. The process is handled via the secure and user-friendly XM member area, where traders conduct all financial transactions, including the XM minimum withdrawal. The XM member area lists only available withdrawal methods since geographic restrictions may limit availability.

An XM withdrawal hierarchy exists, meaning traders must withdraw the deposit amount via the same payment processor before making an XM withdrawal request via another payment processor.

Here is an example:

• Deposit #1 of $500 via credit card
• Deposit #2 of $300 via Skrill

Therefore:

• Traders must withdraw the first $500 via credit card.
• The next $300 via Skrill.

Steps for Requesting the Minimum Withdrawal

Traders must verify their account before requesting an XM withdrawal, and, in compliance with global AML regulations, the name on the payment processor must match the name on the XM trading account. The XM minimum withdrawal amount is $5, except for the Shares account offered by XM Global, which has a $10,000 minimum threshold.

How to Make an XM Withdrawal

1. Log into your XM member area.

2. Click “Funding” in the left menu bar, followed by “Withdrawal.”

3. Select your payment processor for the XM minimum withdrawal.

4. Enter your desired withdrawal amount (ensure sufficient free margin to cover the withdrawal).

5. The finance department processes XM withdrawal instantly through the XM Artificial Intelligence Back Office System. All payment processors have instant to near-instant withdrawal processing times, except for bank wires and credit/debit cards, which can take up to five business days.

XM Withdrawal Methods – How to Withdraw Your Money?

Verified traders can request the XM minimum withdrawal via the secure XM member area, which lists all available payment processors. Geographic restrictions exist, so traders must withdraw the deposit amount to the same payment processor used for depositing.

XM Withdrawal Fees

XM does not charge internal withdrawal fees except on bank wires below $200. Traders may face potential third-party fees. They should also evaluate follow-on costs if they use their XM withdrawal for bill payments or general personal consumption. A currency conversion fee may apply if the XM withdrawal currency differs from the currency of the payment processor.

Below are the XM minimum withdrawal fees (excluding currency conversion costs and third-party payment processor fees):

• Bank wires (below $200) - Undisclosed withdrawal fee
• Bank wires (above $200) - $0
• Credit/debit cards - $0

• China Union Pay - $0
• Skrill - $0
• Neteller - $0
• Sofort Banking - $0
• CashU - $0
• Przelewy 24 - $0
• Ngan Luong - $0
• WebMoney - $0

Noteworthy:

• Traders can eliminate currency conversion fees with a multi-currency account.
• XM levies an internal withdrawal fee for bank wires below $200.

Which Payment Methods Can Be Used to Withdraw from XM?

Since geographic restrictions can limit the availability of payment processors, the XM member area only lists accessible withdrawal methods. XM also supports local bank wires and related options for its core markets.

XM supports the following withdrawal options:

• Bank wires
• Credit/debit cards
• China Union Pay
• Skrill
• Neteller
• Sofort Banking
• CashU
• Przelewy 24
• NganLuong
• WebMoney

How Long Does It Take to Get a Withdrawal from XM?

The finance department processes withdrawal requests instantly based on algorithmic parameters using the XM Artificial Intelligence Back Office System.

The average withdrawal time for the XM withdrawal methods, including estimated third-party processing times:

• Bank wires - Instant + Up to five business days
• Credit/debit cards - Instant + Up to five business days
• China Union Pay - Instant + Instant to Near-Instant

• Skrill - Instant + Instant to Near-Instant
• Neteller - Instant + Instant to Near-Instant
• Sofort Banking - Instant + Instant to Near-Instant
• CashU - Instant + Instant to Near-Instant
• Przelewy 24 - Instant + Instant to Near-Instant
• Ngan Luong - Instant + Instant to Near-Instant

• WebMoney - Instant + Instant to Near-Instant

Withdrawal Issues and Delays in Payment

The XM minimum withdrawal process may experience rare issues and payment delays.

Possible XM Minimum Withdrawal Issues

• Outdated or incomplete account verification
• Insufficient free account margin
• Mismatch between the payment processor and the XM trading account name
• Minimum and maximum withdrawal limits for some payment processors
• Unauthorized account activity

Possible XM Minimum Withdrawal Delays

• A wait of up to five business days for funds to arrive.
• The withdrawal payment processor differs from the deposit payment processor.

XM Minimum Withdrawal Bottom Line

The XM member area handles all withdrawals, which the XM Artificial Intelligence Back Office System processes instantly. The XM minimum withdrawal amount is $5.

You may find additional info. about XM, in our updated XM broker review.