Xm forex withdrawal

Log in with your XM account. No matter the platform you use (web platform, metatrader 4 or 5, or XM mobile app), the interface is the same.
You can find the WITHDRAW button right next to the DEPOSIT button earlier.
If you have multiple XM accounts, select the account you want to withdraw money from by clicking the WITHDRAW button next to that account.
Select your withdrawal method. Remember the note above.
The amount you want to withdraw will automatically be converted to USD by XM.
Click confirm to finish the process.

Huge forex bonuses

XM DEPOSIT AND WITHDRAWAL SYSTEM, xm forex withdrawal.

That’s how you deposit money into your XM account. After trading for a while, you would want to withdraw your profit. Continue reading to know how to withdraw money from your XM account.

XM DEPOSIT AND WITHDRAWAL SYSTEM

XM is one of the biggest forex brokers in the world, especially in asia. The reason why there are so many traders wanting to trade on XM’s platform is that XM is really great with customer support. Not only do they have an amazing XM deposit and withdrawal system, XM also has a super efficient and experienced customer service team. Moreover, they also have monthly seminars to educate and assist customers in need. Today, we will focus on the XM deposit and withdrawal feature.

The process of XM deposit and withdrawal

After you have done signing up with XM and opened an XM account, you would want to deposit some money into your account in order to start trading. Let’s check out the process of deposit with XM step by step.

How to deposit:

Log in with your XM account. No matter the platform you use (web platform, metatrader 4 or 5, or XM mobile app), the interface is the same.

After login, look for the DEPOSIT button at the top of your screen.

If you have multiple XM accounts, select the account you want to deposit money in by clicking the DEPOSIT button next to that account.

Select a deposit method. The methods available on XM platform are:
- VISA or mastercard
- Internet banking service of your local banks.
- E-wallets such as neteller, skrill, sticpay, or ngan luong
- Cryptocurrency wallet (bitcoin, tether. )
- Other XM accounts

Enter how much you want to deposit. For clients outside the U.S, XM will automatically convert it to USD.

Check your account information again to make sure all the information is correct. Then click CONFIRM.

Then XM will take you to the transferring page of the method you chose earlier. There, you just need to put in your information and make the trade.

That’s how you deposit money into your XM account. After trading for a while, you would want to withdraw your profit. Continue reading to know how to withdraw money from your XM account.

How to withdraw:

Important note: you have to withdraw money the same way you deposit your money. For example, if you use your mastercard to deposit, after trading, you have to withdraw your profit into that exact mastercard account. If you use multiple methods to deposit money into your account, the amount you can withdraw will be calculated according to the ratio of the amount you deposited. For instance, you deposit $50 with your mastercard and then $100 with skrill. When you withdraw money back to your mastercard account, you can only withdraw a third of your fund. The other two third of your fund can only be withdrawn into your skrill account.

Log in with your XM account. No matter the platform you use (web platform, metatrader 4 or 5, or XM mobile app), the interface is the same.

You can find the WITHDRAW button right next to the DEPOSIT button earlier.

If you have multiple XM accounts, select the account you want to withdraw money from by clicking the WITHDRAW button next to that account.

Select your withdrawal method. Remember the note above.

The amount you want to withdraw will automatically be converted to USD by XM.

Click confirm to finish the process.

All deposit and withdrawal options of XM

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" style="border-color:white; border-style:solid; border-width:1px; text-align:center; width:26%"> payment options	" style="border-color:white; border-style:solid; border-width:1px; text-align:center; width:23%"> accepted currency	" style="border-color:white; border-style:solid; border-width:1px; text-align:center; width:23%"> minimum amount	" style="border-color:white; border-style:solid; border-width:1px; text-align:center; width:11%"> fees	" style="border-color:white; border-style:solid; border-width:1px; text-align:center; width:17%"> time
" style="border-color:white; border-style:solid; border-width:1px; text-align:center">VISA	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">USD, EUR	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">$5	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">none	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">2 - 10 days
" style="border-color:white; border-style:solid; border-width:1px; text-align:center">mastercard	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">USD, EUR	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">$5	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">none	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">2 - 10 days
" style="border-color:white; border-style:solid; border-width:1px; text-align:center">maestro	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">USD, EUR	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">$5	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">none	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">2 - 10 days
" style="border-color:white; border-style:solid; border-width:1px; text-align:center">webmoney	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">USD, EUR	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">$5	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">none	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">2 - 10 days
" style="border-color:white; border-style:solid; border-width:1px; text-align:center">nganluong	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">USD, EUR	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">$5	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">none	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">instantly
" style="border-color:white; border-style:solid; border-width:1px; text-align:center">neteller	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">USD, EUR	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">$5	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">none	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">instantly
" style="border-color:white; border-style:solid; border-width:1px; text-align:center">skrill	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">USD, EUR	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">$5	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">none	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">instantly
" style="border-color:white; border-style:solid; border-width:1px; text-align:center">bank transfer	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">any	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">$150	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">depends	" style="border-color:white; border-style:solid; border-width:1px; text-align:center">2 - 10 days

The maximum duration for XM withdrawal is 24 hours. If you haven’t received your money after 24 hours, please contact the XM help team for assistance. XM has a really helpful and professional customer support team. All of your problems regarding XM deposit and withdrawal will be solved in no time.

Fanara filippo

Hey, I’m fanara filippo. I’m the founder of this site. I'm currently living in bangkok, thailand. I have been trading forex for more than 5 years. You can read my articles about the best forex brokers on this page. Let’s review brokers today.

South asian airlines are about to launch blockhain payment

Members area access

Use your MT4/MT5 real account number and password to log in to the members area.

New to XM?

Legal: this website is operated by trading point of financial instruments limited with registered address at 12 richard & verengaria street, araouzos castle court, 3rd floor, 3042 limassol, cyprus.

Trading point holdings ltd is the holding company of trading point of financial instruments limited, XM global limited, trading point of financial instruments UK limited, trading point of financial instruments pty ltd, trading point MENA limited.

Trading point of financial instruments limited is authorised and regulated by the cyprus securities and exchange commission (licence number: 120/10).
XM global limited is authorised and regulated by the international financial services commission (IFSC) (000261/106).
Trading point of financial instruments UK limited is authorised and regulated by the financial conduct authority (FRN: 705428).
Trading point of financial instruments pty ltd is authorised and regulated by the australian securities and investment commission (AFSL 443670).
Trading point MENA limited is authorised and regulated by the dubai financial services authority (DFSA) (reference no. F003484).

Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.04% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Please consider our risk disclosure.

Trading point of financial instruments limited provides investment and ancillary services to residents of the european economic area (EEA) and the united kingdom.

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We may obtain information about you by accessing cookies, sent by our website. Different types of cookies keep track of different activities. For example, session cookies are used only when a person is actively navigating a website. Once you leave the website, the session cookie disappears.

Why are cookies useful?

We use functional cookies to analyse how visitors use our website, as well as track and improve our website’s performance and function. This allows us to provide a high-quality customer experience by quickly identifying and fixing any issues that may arise. For example, we might use cookies to keep track of which website pages are most popular and which method of linking between website pages is most effective. The latter also helps us to track if you were referred to us by another website and improve our future advertising campaigns.

Another use of cookies is to store your log in sessions, meaning that when you log in to the members area to deposit funds, a "session cookie" is set so that the website remembers that you have already logged in. If the website did not set this cookie, you will be asked for your login and password on each new page as you progress through the funding process.

In addition, functional cookies, for example, are used to allow us to remember your preferences and identify you as a user, ensure your information is secure and operate more reliably and efficiently. For example, cookies save you the trouble of typing in your username every time you access our trading platform, and recall your preferences, such as which language you wish to see when you log in.

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Recommended broker

XM is the brand name of trading point holdings limited. They own four subsidiaries, each with their own license.

In cyprus, XM is licensed by cysec. This regulatory body is authorized to work by the governing laws of cyprus when investigating broker firms. Cysec covers its clients’ funds with the ICF which permits for a compensation of up to €20 000 to be paid to traders in case the broker fails to pay its dues.

In australia, XM is certified by ASIC. As most regulatory bodies do, ASIC aims to enforce laws concerning the financial markets, and strives to deliver good investment environment.

XM is also regulated in the mesoamerican country of belize by their respective body: the international financial services commission (IFSC). Their main goal is to promote belize as a financial offshore center while also providing the appropriate regulatory measures to support said endeavor.

The average EUR/USD spread at XM is 1.6 pips, and goes as low as 0.1 pips for XM zero account (plus commission- read below). The leverage can go as high as 1:500. However, due to ESMA introduced laws the leverage in the UK and EU has been limited to 1:30.

XM provides a rich choice of assets, making sure that almost every taste is met accordingly. These are: forex cfds, commodities cfds, equity indices cfds, precious metals cfds and energies cfds.

Expanding XM even further is the baffling volume of languages available: english, australian english, russian, italian, polish, japanese, thai, czech, malaysian, greek, indonesian, swedish, arabian, portuguese, filipino, bengali, chinese, hungarian, french, german, spanish, vietnamese and dutch.

The inclusion of the two most popular trading platforms- MT4 and MT5- is not surprising.

METATRADER 4

MT4 is always a good reminder of just how far the industry has gotten. This platform holds the popularity title for many a reason: advanced charting tools, custom indicators, expert advisors and more. MT4’s VPS allow for seamless automated trading at all times, uninterrupted by computer failures, sudden power cuts or connectivity issues.

Average EUR/USD spread is 1.6 pips, and 0.8 pips for the XM zero account (including commission). Due to ESMA the UK and EU are limited to provide a leverage no bigger than 1:30. Offshore subsidiaries of trading point holdings limited are not bound by this rule and can afford a max leverage of 1:500.

XM zero account holders will be commissioned by $3.5 per side (7$ round turn) for every standard lot ($100 000), in turn changing the minimum cost of trading from 0.1 pips to 0.8 pips.

Besides the desktop version of MT4, there is also a neat web based alternative (no trading bots though). Get direct access to MT4 on virtually any device (mobile or tablet) operating with an android or ios operating system.

METATRADER 5

Offering more in pure quantity than MT4, MT5 has still a hard time replacing its predecessor mostly due to the fact that MT4 is universal, and essentially used by every online broker. Nevertheless, MT5 allows for full expert advisor support, has a built in economic calendar, more pending orders are available, has increased time-frames, and much more. Virtual private servers can be utilized as well.

The spread has not changed: with standard account it is 1.6 pips for EUR/USD. By adding the commission to the 0.1 pip spread for XM zero, account holder will get an actual spread starting from 0.8 pips.

In the UK and EU the leverage has been set by ESMA to 1:30 max. Outside of the EU and UK expect the leverage to be as high as 1:500.

The means of access to MT5 are various: desktop, web based platform, ios and android apps.

XM MINIMUM DEPOSIT

The minimum deposit is $5, and $100 if you’re using an XM zero account.

The broker purposefully retains payment methods information from non-deposited traders. From what we gathered, after extensive digging in the website and long customer support chat sessions, XM group is accepting multiple local payment methods including credit/debit card, skrill, bank wire transfer, etc. The full list of payment methods can be seen in user’s member’s area once an account is registered.

The base currencies at XM are: USD, EUR, GBP, CHF,‎ AUD, HUF, PLN.

Wire transfer users will have to wait 2-5 days for their XM accounts to be funded. Card methods and ewallet deposits are instant.

The broker offers free of charge deposits for all methods except those made by wire transfer. If such is the case anything below a $200 (or other currency) will be billed with a commission by the broker.

XM WITHDRAWAL TIME AND FEES

Cysec regulations guarantee that all withdrawals will be safe and secure.

As mentioned above, payment methods are vague and unspecified unless you open an account. What we got from our own research is that XM group is accepting multiple local payment methods including credit/debit card, skrill, bank wire transfer, etc.

All withdrawals are processed within 24 hours. Users of XM card or any ewallet methods will receive their money on the same day the request has been processed, while wire transfer and credit/debit card user will have to wait 2-5 working days.

The minimum withdrawal amount is $5. However the amount does vary depending on the payment methods. And as specified, without an account you cannot see all available methods of payment.

XM covers the fee for wire transfer for 200$ withdrawal and above. Anything below will not be covered by XM and can be burdened with a fee by the client’s bank of choice. All other withdrawal methods are free of taxes.

BOTTOM LINE

XM is massive in both quantity and quality. The regulations mean business, but also security for clients, while the amount of content is, quite frankly, impressive to say the least.

However every rose has its thorns. In XM’s case it’s the commission for XM zero account holders, and the withheld information on deposits and withdrawals.

My withdrawal from XM

Matome

Recruit

Scamxposr

Sergeant

Sorry to hear.
Email them everyday and draw attention to your case every way possible.

Yes, even XM is a scam company.

Pro tip: if it's not you bank, it's a scam!

Or if they aren't regulated in your country, with a know address your actually aware of. Most international e brokers are scams.

Keep the pressure of XM and also retitle this thread to include XM.Com in the title to draw more attention to your issue.

Matome

Recruit

4evermaat

2nd lieutenant

XM (xemarkets, trading point, etc) has been scamming people for quite some time now.

Invite XM.Com to this thread using 2 different methods (email, live chat, FPA forum representative, etc)

If you do not get a resolution to your problem within a few days, then I suggest you file an FPA trader's court case.

BTW, how much was the amount of withdrawal?

Fxmaster

Lt. Colonel

Few steps that you must follow to draw their attention to your issue,
follow the suggested steps below:
invite them to join this thread via email (send an email to every possible address).
Go to their website and invite them to here via live chat
you will find their email and address here https://www.Xm.Com/support

You can also share your story on their social media pages mentioned below:
https://www.Facebook.Com/xmglobal

Fxmaster

Lt. Colonel

Matome

Recruit

XM (xemarkets, trading point, etc) has been scamming people for quite some time now.

Invite XM.Com to this thread using 2 different methods (email, live chat, FPA forum representative, etc)

If you do not get a resolution to your problem within a few days, then I suggest you file an FPA trader's court case.

BTW, how much was the amount of withdrawal?

The reaper of F

Sergeant

In the past, XM had been known for its fairly/transparency dealing with their respective clients. Nowadays, it's just another scam broker operating internationally to entice new clients to deposit more.

Three red flags.
A solid broker wouldn't offer (free trading bonus).
A solid broker would not delay its client withdrawals and will most of time making up for the mistakes made. (such as free additional margin, VPS or perhaps a live VIP webinar).
A solid broker will be operating with extremely strict regulators such as the FPA, ASIC, mifid. (if you ever see a broker operating with cyprus. Just get your bag and run as fast as possible).

Chris zacharia

XM.Com representative

It is not fair to be calling a licensed and regulated forex broker a scam and to be posting faulty information and hiding the truth. This is NOT ethical towards other traders and is totally unacceptable.

Kindly note that XM accepts no deposits from any third party. Payments can only be made from an account that has the same name as the one on your XM trading account. Any funds from a third-party account will be returned regardless of losses/profits incurred.

This applies to your case, your payment is categorized as a third party payment and as such we have returned back all your funds to the source of the original deposit in accordance with our withdrawal procedure policy.

Withdrawal! Complete withdrawal request within 1 minute!

How to withdraw money on XM group

Withdrawal request from XM group, complete within 1 minute! Very simple

There are different ways to withdraw money such as credit card, debit card, NETELLER, bank transfer, but it should be noted that basically you can not withdraw money using methods other than those used to deposit funds.

This is not just limited to XM group but other foreign forex brokers to prevent money laundering.

Step 1 click “withdrawal” button on my account page

After logging in to my XM group account, click “withdrawal” on menu.

Step 2: select withdrawal options

Select the withdrawal method similar to the deposit method

Credit cards or debit cards can be withdrawn up to the deposit amount.

After withdrawing up to the amount deposited, you can choose to withdraw the remaining amount using whichever method you like.

For example: you deposited 100,000 VND into your credit card, and you make a profit of 100,000 VND after trading. If you want to withdraw money, you have to withdraw 100,000 VND or the amount deposited using credit card, the remaining 100,000 VND you can withdraw by other methods.

Deposit methods	possible withdrawal methods
credit card	withdrawals will be processed up to the amount deposited by credit card. The remaining amount can be withdrawn via other methods
debit card	withdrawals will be processed up to the amount deposited by debit card. The remaining amount can be withdrawn via other methods
NETELLER	choose your withdrawal method other than credit or debit card.
Bank wire	choose your withdrawal method other than credit or debit card.

Step 3 enter the amount you wish to withdraw and submit the request

Enter the amount you wish to withdraw. Note that you should not enter “comma” when entering the amount. Number only

Click “yes” to agree to the preferred withdrawal procedure, then click “request”

Thus, the withdrawal request has been submitted.

The withdrawal amount will be automatically deducted from your trading account. Withdrawal requests from XM group will be processed within 24 hours (except saturday, sunday, and public holidays)

As for credit cards and debit cards, since refunds are handled by card companies, even if XM group has completed the withdrawal request within 24 hours it could take a few weeks to a month to complete the process so, it is recommended that you withdraw the funds in a timely manner.

XMP (bonus) that has been redeemed will be removed entirely even if you only withdraw 1 USD

At XM, a client can open up to 8 accounts.

Therefore, it is possible to prevent the removal of the entire XMP (bonus) by opening another account, transferring the investment amount to this account and using it to withdraw money.

XM.Com withdrawal

XM.Com withdrawal methods and fees, all you need to know about XM withdrawal fees and which payment methods you can use to withdrawal from XM forex broker, for more information about xmmarkets withdrawal methods you can also visit XM review by forexsq.Com currency trading website, the top forex broker ratings fx brokers website and the fxstay.Com online investing company and get all information you need to know about XM markets forex broker.

XM.Com withdrawal fees

Credit cards

options	XM ACCOUNT BASE CURRENCIES	fees	min. Withdrawal	time	withdrawal
USD, EUR, GBP, CHF, AUD, PLN, HUF	covered by XM	min. 5 USD or value equivalent in any other currency.	Processed in 24 hours

USD, EUR, GBP, CHF, AUD, PLN, HUF	covered by XM	min. 5 USD or value equivalent in any other currency.	Processed in 24 hours
USD, EUR, GBP, CHF, AUD, PLN, HUF	covered by XM	min. 5 USD or value equivalent in any other currency.	Processed in 24 hours
USD, EUR, GBP, CHF, AUD, PLN, HUF	covered by XM	min. 5 USD or value equivalent in any other currency.	Processed in 24 hours
USD, EUR, GBP, CHF, AUD, PLN, HUF	covered by XM	min. 5 USD or value equivalent in any other currency.	Processed in 24 hours*

*withdrawals by credit cards are processed within 24 hours on working days on receipt of your withdrawal request. However, the funds are credited into your bank account within 2-5 business days.

Electronic payment

options	XM ACCOUNT BASE CURRENCIES	fees	min. Withdrawal	time	withdrawal
USD, EUR, GBP, CHF, AUD, PLN, HUF	covered by XM	min. 5 USD or value equivalent in any other currency.	Processed in 24 hours

USD, EUR, GBP, CHF, AUD, PLN, HUF

covered by XM

min. 5 USD or value equivalent in any other currency.

Processed in 24 hours

Bank wire transfer

options	XM ACCOUNT BASE CURRENCIES	fees	min. Withdrawal	time	withdrawal
USD, EUR, GBP, CHF, AUD, PLN, HUF	only fees on XM’s side are covered.	USD 200	2-5 business days*

*withdrawals by bank wire transfer are processed within 24 hours on working days on receipt of your withdrawal request. However, the funds are credited into your bank account within 2-5 business days.

How to do XM withdraw funds?

XM withdrawal priority procedure

Withdrawal of funds is only available to clients who have uploaded their supporting documents and had their trading account validated. Clients log in to the secure XM members area to upload their supporting documents (proof of identity and proof of address) and once the clients’ trading account has been validated they will be able to withdraw funds from their trading account.

In order to protect all parties against fraud, XM will only process withdrawal/refunds back to the source of the original deposit according to the below withdrawal priority procedure:

Credit/debit card withdrawals. Withdrawal requests submitted, regardless of the withdrawal method chosen, will be processed via this channel up to the total amount deposited by this method.

E-wallet withdrawals. E-wallet refunds/withdrawals will be processed once all credit/debit card deposits have been completely refunded.

Other methods. All other methods such as bank wire withdrawals shall be used once deposits made with the above two methods have been completely exhausted.

All withdrawal requests will be completed within 24 working hours; however all withdrawal requests submitted will be instantly reflected in the clients’ trading account as pending withdrawals. In case a client selects an incorrect withdrawal method, the clients’ request will be processed according to the withdrawal priority procedure described above. All client withdrawal requests shall be processed in the currency in which the deposit was originally made. Should the deposit currency differ from the transfer currency, the transfer amount will be converted by XM into the transfer currency at the prevailing exchange rate.

Forex brokers with best money withdrawal options in 2021

The best and most exciting thing about forex trading is, of course, to withdraw your profit from the forex broker. Say you have been trading, made a considerable amount of profit and now you want to spend your profit. In order to be able to do it, first you have to get your money back from the broker. To withdraw money from your forex account is very straightforward in general but does require you to take few steps.

Forex brokers with best money withdrawal options

Forex.Com

Forex.Com is owned and operated by an industry giant; GAIN capital holdings who has been around for more than 20 years. Forex.Com is registered and regulated by CFTC, NFA and CIMA. The broker accepts clients from the US. Investors can deposit and withdraw funds by credit card, bank card and wire transfer. Digital wallets are going to be available soon.

Money withdrawal options: credit card, bank card, wire transfer

XM

XM puts more than ten methods of deposit and withdrawal under disposal of its clients. In addition to international bank transfer and credit card which has become industry standards as deposit and withdrawal methods, XM clients can use various other methods. Those methods include neteller, skrill, unionpay, web money, ideal, moneybookers, moneygram, sofort and western union. One important detail which makes XM even more favorable is that the broker covers international wire transfer commission of its own part which considerably reduces the withdrawal cost.

Money withdrawal options: wire transfer, credit card, neteller, skrill, unionpay, web money, ideal, moneybookers, moneygram, sofort, western union

Fxpro

Regulated by FCA,cysec and SCB, fxpro is headquarted in london and one of the most prominent forex brokers in the industry. Traders who open an account at fxpro can withdraw and deposit funds through credit card, international bank transfer (SWIFT), paypal, skrill, neteller and china unionpay.

Money withdrawal options: wire transfer, credit card, paypal, skrill, neteller, unionpay

Hotforex

Established in 2010 and headquartered in cyprus, hotforex is an award winning forex broker that offers a wide range of account types and trading instruments. The broker is pursuing a policy of providing the most convenient and advantageous trading conditions for the traders. You can deposit money in hotforex using credit or debit cards and bank wire transfers. Apart from that hotforex also accepts skrill, neteller, fasapay, sofort, mybitwallet, ideal and webmoney.

Money withdrawal options: wire transfer, credit card, skrill, neteller, fasapay, sofort, ideal, webmoney, bitcoin

Exness

Exness was founded in 2008 in russia and has grown into one of the most popular forex brokers in europe since then. The company is regulated by cysec in cyprus and FCA in UK. Having a wide array of payment methods, transacting money on this brokerage platform is pretty easy and quick.

Money withdrawal options: wire transfer, credit card, skrill, neteller, webmoney, perfect money, sticpay, jeton wallet

Choose the withdrawal option

When it comes to withdraw your profit from forex brokers, the methods are not scarce including credit card, wire transfer, paypal, neteller, skrill, western union, bitcoin to name a few.

I usually go with wire transfer when withdrawing my profit. Nevertheless it comes with some caveats. Wire transfer is recommended if only you are going to withdraw an amount over a thousand. Otherwise the bank transfer fees are going to eat up your hard earned profit. Bear in mind that when you choose to get your money back through wire transfer, you are going to get double charged (once by the bank in where your forex broker is located and again by your local bank). The fees could range from $50 to $100 in total. The certain amount completely depends on the bank the broker is working with and your local bank. International wire transfer fees charged by some US banks are explained in this article.

How to Withdraw Money From Forex Broker - Withdrawal Options

My second favorite option to withdraw funds from forex account is credit card. Again there are some caveats. Some forex brokers don’t allow you to withdraw more than what you deposited with the same credit card. When you deposit $1000 to your forex account using credit card, you can only withdraw an amount up to $1000 by the same card. So you will have to choose another withdrawal method to transfer your profit.

Though I haven’t used so far, other popular methods are digital wallets like neteller, skrill, paypal. Forex brokers don’t charge extra fees to withdraw money by digital wallets however those services apply their own fees when you want to transfer money from the wallet to your bank account.

Submit your withdrawal request

After you decided the best transfer option for you, you have to submit your withdrawal request. Forex brokers used to demand clients to print out a withdrawal form then fill, sign and forward it to the broker by mail or e-mail.

However nowadays you don’t have to go through this cumbersome process. Majority of the forex brokers provide clients with a username and password for the client portal where they can submit their money withdrawal request in just seconds.

Just log in to the client portal, navigate to the money withdrawal section, fill the online form and click the submit button. Congratulations!

An important caveat is that some forex brokers do not require clients to verify their account till to the point they wish to withdraw funds from their account. If this is the case for the broker that you are trading with, you will need to verify your forex trading account by loading proof documents for ID and address. However, you will have always the chance to verify your account upon registration in case you do not want to worry about the last minute rush.

Wait until your fund is transferred to your bank account / credit card / digital wallet

It ranges between one to three business days depending on the forex broker and withdrawal option you used. Wire transfer and credit card transfers could take up to three business days. Though I remember several times that I received the funds same day when I used wire transfer as the transfer option. The commission and fees are not fixed for wire transfer. Since there are three banks involved at a wire transfer transaction, it is hard to know the exact amount that is going to be charged as commission. However, based on my experience, I can say that it should range between $30 and $100.

Digital wallets such as skrill and neteller has a different commission and time schedule. First time you incur any commission is the moment you withdraw funds from your trading account. The rate changes between %3 and %2 of the amount you like to withdraw. It takes fews days between the time that money leaves your trading account and arrives at your digital wallet. Second time you will get charged is the moment you transfer the money from your skrill account to your bank account. That is another %3 – %2 commission.

Wire transfer is my preferred withdrawal and deposit method. I use digital wallets only if wire transfer is not among the methods offered by the forex broker. Credit card is fast and more reasonable than any other withdrawal and deposit method. Nevertheless, I shall kindly point out that in the case you choosed credit card as a withdrawal method, you can only withdraw the amount you deposited by the same credit card. Therefore, you will have to use another method in order to be able to withdraw your profit.

Review

Introduction

XM was first started back in 2009 in london and now they have an offering of more than 400 different instruments.

This includes over 350 cfds, as well as 57 currency pairs and 5 cryptocurrency cfds. XM is regulated by the FCA in the united kingdom and they have european passports with the mifid, as well as being regulated by the cysec in cyprus, as well as being regulated in australia as an ASIC entity.

They offer more than 30 language options for their users and they cater for any and all levels of trader. One of the recent awards they have received is being named as the best FX broker in europe in 2018 by the world finance magazine.

Over 30 supported languages

Numerous esteemed awards

Regulated by well-respected authorities

Trading conditions

XM offer three different types of account for their users. The micro account is best suited to beginners, with the standard account being ideal for flexible traders. The XM zero account generally is best suited for regular traders or those who place significant trades.

Depending on the specific instrument, for each of the account types you will be dealing with leverage ranging from 1:1 up to 30:1. While there are seven base currency options available with micro and standard accounts, you can only deal with USD and EUR when you have a XM zero account.

You have two accounts which are free from commissions – standard and micro accounts, while the XM zero account is based on commission. Looking at the XM zero account, the average spread for EUR/USD is 0.1 pips excluding the commission. For the same pair on the other two accounts, the average spread for this currency pair is 1.7 pips.

The commission is $5 per side, so you are looking at competitive pricing as a whole.

XM always have a range of promotions they are running at any given time. They have a 100% deposit bonus up to $5,000, they have free VPS services and there are no fees on both deposits and withdrawals.

Wide ranging promotions

Commission free account options

3 different account types

Products

In total, there are 356 different cfds offered by XM, with five of these being cryptocurrency cfds. There are 57 currency pairs on offer and they don’t offer any ETF products.

356 CFD options

No ETF products

57 currency pairs

Regulation

Having been around since 2009, XM are regulated by a number of trusted authorities. They are authorised in the european union, as well as being regulated by the FCA in the united kingdom. They have the necessary approval from the cysec in cyprus as well as being a ASIC regulated entity in australia.

Platforms

The only platform that is offered by XM is metatrader, which is an industry standard trading platform. They offer both metatrader 4 and metatrader 5 and they have tweaked them slightly to suit the specific needs of their users.

You have access to virtual trading, but those using mac desktop computers will not be able to run this trading platform optimally. There are 51 different trading indicators available to you and there are 31 charting tools you can utilise.

Metatrader is the only trading platform available

51 trading indicators

Mobile trading

As a result of being a metatrader only platform, you will able to utilise the platforms on ios and android devices, whether it is through the MT4 or mt5 apps which can be downloaded straight away from either the app store or the android play store.

There are 30 trading charting indicators available on the mobile apps and you have the full range of trading instruments to choose from with these apps.

Pricing

With XM the amount of fees and commission that you have to pay will be dependent on what sort of account you have with them. There are three different account types in total. You have two accounts which are free from commissions – standard and micro accounts, while the XM zero account is based on commission.

Looking at the XM zero account, the average spread for EUR/USD is 0.1 pips excluding the commission. For the same pair on the other two accounts, the average spread for this currency pair is 1.7 pips.

The commission is $5 per side, so you are looking at competitive pricing as a whole.

Lower overall spreads can be achieved by XM as they are the sole dealer in every single trade.

Competitive spreads thanks to XM being the sole dealer

Varying commissions and fee levels depending on account type

Deposits & withdrawals

With the micro and standard account types, you are not subject to a minimum deposit, but usually you will have to deposit at least $5 due to system requirements. There is a minimum required deposit of $100 for the XM zero account type.

All of the usual forms of deposit and withdrawal are available with XM, such as neteller moneybookers, debit and credit cards and skrill. Most of the deposit options will allow you to have your deposit processed instantly. Bank transfers will take between 2 and 5 business days to process though.

When it comes to withdrawing from XM, most options will have your withdrawal processed within 24 hours without having a minimum required withdrawal. If you are withdrawing via a bank transfer, then you will have to wait between 2 and 5 business days for it to be processed and there is a minimum withdrawal of $200 in place.

Variety of banking options

Quick processing times

Customer support

More than 14 languages are catered for through the customer support service at XM. You can reach them no matter what time of day it may be through their live chat feature.

You can also give them a call or send them an email, with the team working on weekdays only.

14 languages catered for

24/5 customer support

Research & education

There is a library of free educational materials for XM users including the likes of week interactive webinars and video tutorials. They always have the latest news from the world of forex as well as providing regular market analysis from the team of experts at the platform. They also have a range of tools and calculators that provide everything a trader needs when making certain calculations.

Noteworthy points

As a whole XM is a trusted broker that has a solid and unspectacular offering for their users. They look after the needs of their clients through quality customer support and they have regular promotions such as a free VPS service.

As they are completely reliant on metatrader platforms, those familiar with the sector can easily utilize the broker as it is similar to a lot of other offerings out there.

Catering for 30 languages and having received numerous awards in recent years, including being named as the best FX broker in europe in 2018 by the world finance magazine, they hold a reputable place in the sector.

30 languages catered for

Free VPS service

Best broker in europe 2018 – world finance magazine

Conclusion

XM is a broker that has been around since 2009 and now employs more than 300 people. They have a diverse offering of instruments, which caters for the needs of their users in an adequate manner.

As they are reliant on metatrader for the trading software, you are not going to be surprised by anything on this front. They have a decent welcome bonus, matching your first deposit 100% up to a max bonus of $5,000.

They have a wide ranging section for education, including free weekly webinars that are interactive. It is an ideal learning ground for beginner traders and with three different account types, they cater for all kinds of traders depending on what their specific needs may be.

If you are looking for a platform that is easy and straightforward to use and that looks after their users, XM could be the right option for you.

Comparison

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XM vs hotforex

Overview

If you want to be successful at forex trading, you need to choose a reliable broker. The trading industry is made up of lots of forex brokers who offer great services. You need to check reviews of different forex brokers before you plan to trade with any of them. Our comparative review of hotforex and XM will help you choose the forex broker best suited to you.

XM

Features

XM group is owned by trading point of financial instruments – XM cyprus.

The XM website operates in more than 190 countries, and is regulated by top-tier regulatory authorities, which include ASIC, cysec, and IFSC. More than 99.35% of the trades are executed within a second where you can confidently trade with XM.

XM is one of the leading brokers offering an excellent platform to trade investment products ranging from forex, stocks, cfds and precious metals. Like other brokers. XM offers a demo account with the same trading conditions as a real trading platform so that users can familiarise themselves with the platform and practice trading.

XM group is headquartered in cyprus, and since 2009, this broker has provided investment services in forex, commodities, indices, equity trading services. This broker is regulated by the financial conduct authority (FCA) in the UK, the cyprus securities and exchange commission (cysec), the australian securities and investment commission (ASIC), and the markets in financial instruments directive (mifid).

The company is covered with an investor compensation fund of upto 20000 euros, that gives additional security to the clients funds.

XM broker guarantees a deposit bonus of 50% for any deposit below $1,000.

75.55% of retail investor accounts lose money when trading cfds with XM. You should consider whether you can afford to take the high risk of losing your money.

XM group awards

Best customer service experience – global – awarded by global business awards 2020

Best FX service provider for 2020 – awarded by city of wealth management awards 2020

Best customer service global 2019 – awarded by capital finance international magazine (CFI.Co)

Best market research and education global 2019 – awarded by capital finance international magazine (CFI.Co)

Best FX service provider – awarded by city of london wealth management awards 2019

Best market research & education – awarded by capital finance international magazine (CFI.Co)

Hotforex

Features

Hotforex is one of the leading forex and commodity brokers that has been providing trading services since 2010. It offers several services to its traders, like expert advisors, demo accounts, great customer service, etc.

Hotforex offers security and guarantee by segregating the clients funds by offering negative balance protection and insurance through investor compensation funds.

The hotforex website operates in different countries, and it is regulated by top-tier regulatory authorities like the cyprus securities and exchange commission(cysec), the markets in financials instruments directive (mifid) and the financial conduct authority(FCA).

Hotforex offers a wide range of trading instruments which includes spot metals, forex currency pairs (EUR, USD)forex, cfds on commodities, penny stocks, indices, and some of the most popular shares like apple, facebook, and google on its website.

Hotforex provides a wide choice of customizable solutions on its trading platforms for new, intermediate, and experienced traders. It also offers low spreads combined with scalping and hedging.

The minimum amount to be deposited to start trading with hf markets is $5; a reasonable amount.

71.37% of retail investor accounts lose money when trading cfds with hotforex. You should consider whether you can afford to take the high risk of losing your money.

Awards

Decade of excellence forex brokerage asia 2020 – awarded by global banking & finance review

Most transparent broker – awarded by the european – global banking & finance review awards

Best client services – global 2020 – awarded by capital finance international magazine (cfi. Co)

Best partners program global 2020 – awarded by international investor awards 2020

Excellence in customer service global 2020 – awarded by international investor awards 2020

Most trusted forex broker – global – awarded by global forex awards

XM vs hotforex – pros and cons

XM	hotforex
pros
the account opening process is easy and fast	the minimum amount needed is $5
this broker charges low withdrawal and CFD fees	regulated by top-tier authorities
it offers great educational and trading tools	customer service is great
cons
it charges inactivity fees	this broker does not allow scalping
for european clients, only forex and cfds are available	hotforex does not offer expert advisors
forex fees are a bit high

XM vs hotforex – features

features	XM group	hotforex
about	established in 2009	established in 2008
headquartered in	cyprus	UK
regulated by	cyprus securities and exchange commission (cysec), the international financial services commission (IFSC), australian securities and investments commission (ASIC)	the financial conduct authority (FCA), mifid, and cysec
safety	provides negative balance protection, segregated client funds in major banks	provides negative balance protection, segregated client funds in major banks
copy-trading	N	Y
social trading	Y	Y
ECN broker	N	Y
STP broker	N	Y
one click trading	Y	N
expert advisors	Y	N
minimum deposit	$5	$5
maximum leverage	1:500	1:100
deposit and withdrawal fees	N	N
minimum lot size	0.01	0.01
platforms
metatrader 4 desktop	Y	Y
metatrader 5 desktop	Y	Y
MT4 web	Y	Y
MT5 web	Y	Y
mac platform	Y	N
mobile trading
ios	Y	Y
android	Y	Y
windows	Y	N
CFD	Y	Y
forex	Y	Y
alerts	Y	Y
charting and trading tools	Y	Y
account types
VIP account	N	N
standard account	Y	Y
zero spread account	Y	N
micro account	Y	N
demo account	Y	Y
islamic account	Y	Y
customer support
live chat	Y	Y
email support	Y	Y
phone support	Y	Y

XM vs hotforex – leverage

XM provides flexible leverage from 1:1 to 1:500.

Hotforex maximum leverage is 1:1000. Some jurisdiction’s cap leverage ratios are lower, like in the USA, it is 1:50, and in poland, it is 1:100.

Risk warning – cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

XM vs hotforex – deposit and withdrawal methods

XM group accepts payment options such as credit card and debit cards, skrill, neteller, bank wire transfer, etc. This broker covers deposit and withdrawal transfer fees that are used for payments made through moneybookers, neteller, and major credit cards. All withdrawals and deposits that are more than 200 USD are processed by a wire transfer.

Hotforex has a wide choice of payment methods including credit cards, debit cards, american express, bank wire transfer, and e-wallet payment systems like neteller, skrill, webmoney, trustpay etc.

XM vs hotforex – trading platforms

XM trading platforms

XM offers both metatrader 4 and metatrader 5. The metatrader 4 trading platform can be accessed from desktop, mobile, and web. It provides free virtual private server (VPS) hosting to existing and new customers with a minimum deposit of $5,000 and trading a minimum of 5 lots a month. Virtual private server hosting permits the traders to execute their trade orders 24hours and 5 days a week.

Hotforex trading platforms

Hotforex provides a copy trading and social trading service known as hfcopy, which helps the traders to follow other traders and copy their trades. Free VPS hosting can be used by both existing and new customers with a deposit amount of $5,000; given that they maintain the same amount for the forthcoming months.

Comparison of fees

Both brokers don’t charge deposit or withdrawal fees. XM group does not charge commissions for ultra-low and standard account types, but the commission is charged for the shares account type. The traders will be charged based on lot size, and it also charges inactivity fees from the traders.

Hf markets do not charge a commission for accounts like hfcopy, pamm, micro, auto, and premium accounts. Zero spread accounts are charged commissions. For one lot size orders on USD currencies, it charges $3 as commission.

Comparison of education and research

XM provides research tools like news, XM research, market overview, technical summaries, trade ideas, XM TV, economic calendar, podcast education, XM live, live education, forex webinars, platform tutorials, educational videos, and forex seminars.

Hotforex education

Hf markets offer market analysis, market outlook, market news, economic calendar, live webinars, videos training courses and E-courses.

Comparison of risk management tools

XM risk management

Features	XM	hotforex
stop losses	Y	Y
trailing stops	Y	Y
limit orders	Y	Y
one click trading	Y	Y
price alerts	Y	Y
signal trading	Y	Y

Hotforex risk management

Comparison of spreads

spreads	XM	hotforex
forex pairs	starts from 0 pip, depends upon the account type	starts from 0 pip
commodities	starts from 0 1 pips	starts from 4.31 pips
indices	starts from 0.6 pips	starts from 0.23 pip
precious metals (gold & silver)	starts from 0.3 pip	starts from 0.6 pips
energy	starts from 0.1pip	starts from 0.6 pip
bonds	not applicable	starts from 0.05 pip
cryptocurrency	not applicable	starts from 0 1 pips

Comparison of assets

assets offered	XM	hotforex
forex	Y	Y
commodities	Y	Y
stock cfds	Y	N
precious metals	Y	Y
equity indices	Y	Y
shares	Y	Y
energies	Y	Y
penny stocks	N	Y
cryptocurrencies	N	Y
bonds	N	Y

XM vs hotforex – accounts

XM provides three types of accounts to choose from; standard account, zero spread account and micro account. Commission-free trading and tighter spreads are offered on the micro account and standard account. Zero spread account provides tighter spreads that involve commissions and initial deposits. XM provides floating spreads and high leverage levels. Beginners can make use of a micro account with a minimum deposit of $5, and micro-lots can be used to trade on all accounts. It also provides a free islamic account that can be used by traders who are not interested in earning interest.

Hotforex offers its clients several account types and currency pairs like EUR, USD to select from. The trader can select from floating and fixed spreads, commission-free trading in premium, micro, and fixed accounts, or they can choose tighter spreads that involve commission fees. New traders can sign up with a minimum amount of $5 with micro accounts, and micro-lots are available for trading on all accounts. Hotforex zero spread account is a low-cost trading solution that is suitable for all types of traders. Also, swap-free islamic accounts are available to certain traders with a minimum amount of $150; this can be used by clients who would not like to earn interest because of religious reasons.

XM vs hotforex – promotions and bonus

XM

15% – welcome bonus up to $500

XM loyalty program

Refer a friend

Free VPS services

Hotforex

You can earn daily cash rebates of USD 2 per lot directly to your trading account

Applies to every deposit of USD 250 or more

Leverage of underlying account prevails

Maximum cumulative rebates of USD 8,000

Automatically triggered and calculated

Cash available for trading or withdrawal

Wrap up

XM is an award-winning broker that offers a wide choice of account types, trading products, and great trading platforms. On the other hand, hotforex is the more reliable broker that offers a great range of services to its traders. XM group provides the lowest price on more popular forex instruments like EUR USD.

FAQ’s

1) what is the minimum deposit for XM group?
Ans: when you register on XM, the minimum amount required is $5 for standard and micro-accounts, while $100 is the minimum amount for zero accounts. Deposits can be made through major credit card and debit cards, wire transfers, electronic payment methods, bank transfers, and several more.

2) how are hotforex and XM regulated?
Ans: the XM group is regulated by cysec, IFSC, and ASIC, and hotforex is regulated by FCA, mifid, and cysec.

3) what are the instruments offered by XM and hotforex?
Ans: both XM group and hotforex have popular forex currency pairs like the EUR USD for trade. XM group offers 55 currency pairs. If you want to trade cryptocurrencies, hotforex has several cryptocurrency cfds, which include bitcoin, ripple, and ethereum. If you want to trade commodities such as silver, gold, or oil, XM group is the way to go. Hotforex does not offer commodity trading.

4) do XM and hotforex offer metatrader and copy trading?
Ans: both brokers offer copy trading as well as the metatrader platform to their traders.

Investment advice

Take your time when looking for a forex broker because a bad decision can be costly. 9 out of 10 retail investor accounts lose money within the first two years because they lack structure. Good forex brokers help their clients create a trading plan that can provide that structure. Top brokers will offer robust resources, low trading costs, and access to the worldwide interbank system. They’ll also handle your money with care, even if you open a small account in the hopes of turning it into a small fortune through your trading skills.

Risk warning

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

So, let's see, what we have: the reason why there are so many traders wanting to trade on XM’s platform is that XM is really great with customer support. Today, we will focus on the XM deposit and withdrawal system. At xm forex withdrawal