XM stands out by supporting the payment process for customers very well in Forex trading. Withdrawing money from XM is as easy as depositing money into your account. Just by doing a few simple steps, you can successfully withdraw money to your account. However, you need to pay attention to the withdrawal conditions from XM to ensure the process goes smoothly. Below, let’s join Forex Trading to learn in detail the steps to deposit and withdraw money from the XM Global exchange through the article below!
Learn about XM Global in the Forex market
What outstanding advantages does XM Global have that are of interest to traders? Let’s learn about it with Forex Trading!
What is the basic concept of the XM floor?
XM is a forex trading platform launched in 2009, under the management of XM Global Limited. Its registered office is at Suite 404, The Matalon, Coney Drive, Belize City, Belize. Currently, XM Global has expanded its presence to more than 120 cities worldwide. The platform regularly organizes global seminars to provide knowledge and support traders to improve their trading skills.
Currently, XM Global offers more than 1,000 products, including Forex trading. These include CFDs on cryptocurrencies, stocks, precious metals, and many other assets. In addition to a rich product portfolio, XM also offers traders ideal trading conditions such as high leverage, low spreads, no commission fees, and fast and abundant deposit and withdrawal processes. Attractive promotions.
At XM, everything is open and transparent, with no hidden terms. Trades are executed quickly, with no requotes and no rejected orders.
See more: Together XM Forex: Master the game, increase income
Outstanding products of XM floor
One of the outstanding advantages that help XM Global attract a large number of traders is the diversity of trading products, with more than 1,000 instruments belonging to the following 8 asset groups:
- Forex: Supports trading in more than 55 major and minor currency pairs. Extremely rare with low spreads, no requotes, and no hidden fees
- Cryptocurrencies: Trade CFDs on 31 popular cryptocurrencies such as BTC, ETH, SOL, XLM, ZRX, SUSHI, LINK, and many more
- CFD: Includes more than 1281 global trading codes from many countries. Such as the United States, England, France, Germany, Netherlands, Spain, Switzerland, and many other countries
- Commodities: Supports trading of 8 popular agricultural products. Unlike coffee, flour, sugar, corn, cocoa, and others
- Precious metals: Trade 4 types of precious metals including gold, silver, palladium, and platinum
- Energy: Supports 5 types of energy including crude oil, petroleum, gas, WTI oil, and mini WTI oil
Advantages when implementing Forex trading strategies with XM Global
Below are some outstanding advantages of XM Global that traders should not miss.
- Licensed and regulated by the FCA, ASIC, IFSC, and CySEC agencies
- Supports all trading strategies with a $30 trading bonus
- Offers trading products such as Forex, stocks, metals, commodities, stocks and indices
- Low floating spreads, starting from 0.6 pips, pipette quotes to the 5th decimal place
- All deposit/withdrawal methods are free.
- Flexible leverage up to 1:1000, negative account balance protection policy
- The minimum deposit amount is only 5 USD, using MetaTrader 4 and 5 trading platforms
- Professional customer support service, available 24/5
Detailed instructions on the steps to deposit money on the XM platform for traders
XM Global offers many different deposit methods such as Visa/Master, Neteller, Skrill, etc. In this article, we will guide you through the two most popular and simple deposit methods. These are depositing by credit/debit card (Visa or Mastercard) and Online Bank Transfer (domestic bank Internet Banking account).
Deposit money to XM using Credit/Debit Cards
- Step 1: Access and log in to your account on XM.
- Step 2: At the XM interface, select DEPOSIT (deposit). Here, you will see all deposit methods provided by XM.
- Step 3: Choose payment method by credit/debit card.
- Step 4: Enter the amount you want to deposit and click the DEPOSIT button. After confirmation, the floor will ask you to provide information about the Visa/Mastercard card you are using.
- Step 5: Fill in all information including card number, cardholder name, expiration date, and CVV2 code. Then, click the Pay Now button.
- Step 6: Authenticate payment using the OTP code (One-Time Password). An OTP code will be sent to the trader’s phone number, so you need to be careful not to reveal the OTP code. Enter this code to complete payment.
After receiving notification of a successful transaction, after a few minutes, the money will be transferred to your account and you can start trading with real money immediately.
Details of 3 simple steps to withdraw money on the XM platform
- Step 1: On the homepage of XM Global after logging in, select the Withdraw option.
- Step 2: In the withdrawal portal, choose the simplest and fastest method: Online Bank Transfer (Withdrawal to domestic bank).
- Step 3: Select a bank, enter the account number, and fill in the amount you want to withdraw.
After checking the information, check the box to Accept XM’s payment terms and click the Request button. After submitting your withdrawal request, you wait for the system to process and transfer money to your bank account.
See more: Broker XM: Explore the world of Forex fingertips
Is the XM floor really reputable?
Review XM always receives the attention of investors in this transaction. Let’s find out its reliability and reputation!
License to operate XM floor
XM Global is one of the most reputable and safe trading platforms on the market. Currently, XM Global is licensed by the following 4 financial regulatory agencies:
- CySEC – Cyprus Securities and Exchange Commission, with license number 120/10.
- FSC – International Financial Services Commission in Belize, with license number 000261/158.
- ASIC – Australian Securities and Investments Commission, license number AFSL 443670.
- DFSA – Dubai Financial Services Authority, with license number 000261/309.
These licenses all belong to reputable financial management agencies, responsible for supervising XM’s operations. This ensures that XM Global operates transparently, protects customer rights, prevents money laundering activities, and complies with the highest regulations, safety, and security standards.
Important awards XM Global
With a wealth of operating experience, XM Global has received many prestigious awards over the years. Below are some typical awards that XM has achieved:
- Best CFD Provider
- Best Cryptocurrency CFDs
- Best customer support
- Experience the best trading
- Global best customer service award
summary
Above are the shares that we want investors to be able to deposit and withdraw money on XM Global easily. However, to be able to quickly perform deposit and withdrawal operations, investors need to clearly understand the withdrawal conditions from XM. Forex Trading hopes that this article will provide you with the most useful and necessary information!
FAQs
What documents are used to open an XM account?
To open an XM account, you need to prepare two types of documents:
Documents proving identity: ID card, ID card, passport
Documents proving place of residence: Bills for electricity, water, internet, gas,… (valid within 3 months), bank account statement (valid within 3 months), and ownership documents own real estate
How many types of XM accounts are there?
XM currently offers 4 main types of trading accounts:
- Micro account
- Standard account
- Ultra Low Account
- Share account
Promotions when registering for XM Global?
- Get a 30 USD bonus when you open a new account for the first time.
- 15% deposit bonus for first deposit up to 500 USD.
- Unlimited bonuses for subsequent deposits.