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XM withdrawal guide

Reading time: 4 minutes

Withdrawing your funds from your XM broker account is easy and fast, and generally free – we will walk you through the options and possible fees, and show you why your money is safe. 

The essence

  • You can withdraw from your XM account 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
  • Withdrawal took 2 business days, which is fairly average

 

XM withdrawal methods compared to competitors'
  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

Visit XM
74.89% of retail CFD accounts lose money


XM withdrawal options

 

At XM , withdrawal is available via bank transfer, or by using a debit or a credit card

You can also withdraw money using electronic wallets. 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 outside of the European Economic Area (EEA), Australia and the Middle East. These clients were onboarded under the International Financial Services Commission (IFSC), which is a government agency responsible for financial regulation in Belize.

We dived into the details of why we consider XM safe, check it out here.

 

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 withdrawal fees compared to 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. 

We tested withdrawal at XM and it took 2 business days, which is fairly average.

Visit XM
74.89% of retail CFD accounts lose money

 

Step-by-step guide on how to withdraw money from XM

 

To withdraw money from XM , follow these steps:

  • Log in to your account
  • Select 'Withdrawal' from the menu
  • Select the withdrawal method and/or the account to withdraw to
  • In case of a wire transfer, you have to give the details of your bank account and your bank
  • Enter the amount to be withdrawn
  • 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 . It means that trading bonuses may be used for trading purposes only and cannot be withdrawn.

--> Back to full XM review 2022

Further reading:

 

Hope this article was helpful on how to withdraw your money from XM!  Don't hesitate to reach out to us at [email protected], if something is missing or is unclear to you about XM withdrawal – we'll answer you as soon as we can!

Author of this article

Márton Oláh

Author of this article

Márton has been a macro and value investor of stocks for more than 10 years on his own account. Since 2020 he has been trading options and volatility as well. Márton founded a venture capital-backed company and led it for 8 years before professionally turning to finance, therefore is an expert in interpreting company reports.

Márton Oláh

Strategic Advisor

Márton has been a macro and value investor of stocks for more than 10 years on his own account. Since 2020 he has been trading options and volatility as well. Márton founded a venture capital-backed company and led it for 8 years before professionally turning to finance, therefore is an expert in interpreting company reports.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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