Intro
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 | 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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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 | 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.
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Further reading:
- About XM the company
- XM fees
- XM safety
- XM deposit guide
- XM accounts
- Stock trading and trading platforms at XM
- XM competitors
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!
