Overview
You can withdraw funds from XM via bank transfer or by using credit cards, debit cards and electronic wallets. Withdrawal is generally free without an upper limit. For bank wire transfers, there is a fee for any amount less than $200.
Withdrawal on the MetaTrader 4 and MetaTrader 5 platforms works the same way but you can't use PayPal.
| XM | FxPro | FXTM | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
| Withdrawal fee details | Free withdrawal. The only exception is the bank wire transfer below $200. | Free withdrawal | $3 for credit card, $20-$40 for bank transfer, $0 for Neteller and Skrill |
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withdrawal options
Withdrawal via bank transfer is by far the most common option. It is available at basically all brokers and XM is no exception.
In addition, XM also allows you to withdraw funds using a debit or a credit card. Many brokers don't offer this option, so this is a definite plus for XM .
You can also withdraw money using electronic wallets. This is a nice feature that isn't available at all brokers. At XM , you can withdraw money to the following electronic wallets: Skrill and Neteller. Sticpay can only be used for depositing funds to your XM account and only for clients who were onboarded under the IFSC.
How to withdraw money from XM
To withdraw money from XM , follow these steps:
- Log in to your account
- Select 'Withdrawal' or 'Withdraw funds' from the appropriate menu
- Select the withdrawal method and/or the account to withdraw to (if more than one option is available)
- Enter the amount to be withdrawn, and, if prompted, a short reason or description
- Submit your request
Whichever method you select, you can only withdraw money to accounts or cards that are in your name.
The “No Deposit Trading Bonus Scheme” applies to all clients who open a real, not demo, account with XM in accordance with tbyn. Trading bonuses may be used for trading purposes only and cannot be withdrawn.
XM withdrawal fees
Basic withdrawal at XM is free of charge. See the table below for details and possible exceptions, as well as how XM compares to some of its immediate competitors.
| XM | FxPRO | FXTM | |
|---|---|---|---|
| Domestic bank withdrawal | Free for withdrawals above $200 | Free withdrawal | Bank withdrawals cost €20/ £25 in the EU, €10/ £5 in the UK |
| International bank withdrawal | Free for withdrawals above $200 | Free withdrawal | Bank withdrawals cost €20/ £25 in the EU, €10/ £5 in the UK credit |
| Credit/debit card withdrawal | Free for withdrawals | Free withdrawal | $3 for credit/debit cards |
| Electronic wallets withdrawal | Free for withdrawals above $200 | Free withdrawal | Free for Skrill and Neteller, other electronic wallets may have fee |
XM
withdrawal time
Speed matters. Unlike some deposit options, withdrawal is rarely instant. It usually takes at least 1 business day, but often several business days for your money to arrive.
We tested withdrawal at XM and it took 2 business days, which is fairly average.
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74.89% of retail CFD accounts lose money
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