XM Forex Broker Review

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XM is one of the world’s largest forex brokers, with millions of clients around the globe. It offers deposit and withdrawal methods to suit every need and is regulated by multiple regulators.

XM accepts deposits via credit and debit cards, bank transfers, Western Union, and various e-wallet methods such as Neteller, Skrill (Moneybookers), Web Money, Sticpay, Perfect Money, and a host of others, depending on your country.

Minimum deposit

Traders can deposit funds into their XM forex account through various methods, including credit and debit cards. However, these may take longer to process than e-wallet payments.

In addition, XM offers deposit and withdrawal options in more than ten different currencies. Traders can choose USD, EUR, GBP, JPY, AUD, RUB, HUF, PLN, ZAR, and SGD as base currencies for trading.

XM is one of the largest forex brokers and has many funding options to suit all traders’ needs. They are also regulated by multiple regulatory bodies worldwide. Additionally, they offer negative balance protection and multiple compensation schemes that protect client funds in case of liquidation.

Minimum withdrawal

XM accepts various payment methods, including Visa and MasterCard credit cards. It also offers a local bank transfer option, which allows clients to deposit funds in their local currency without incurring conversion fees.

Traders can withdraw their funds using various methods, including online wallets and debit/credit cards. To withdraw money, you must sign a withdrawal agreement.

When you withdraw, your funds should be transferred to your account within 2 to 5 business days. In some cases, however, XM may take longer to process your withdrawal request.

The minimum withdrawal amount at XM is $5 for Micro and Standard accounts, while Zero users are allowed to deposit $100. Moreover, the broker has a no-deposit bonus of $50 for new clients.

XM also covers all transaction fees on credit and debit card payments, as well as e-wallets. This is a significant advantage for traders, as no other forex broker offers this feature. In addition, XM has a zero transaction fee policy for wire transfers of $200 and above.

Customer support

XM has an impressive customer support team that operates around the clock. They provide a comprehensive range of contact methods, including phone, email, and live chat. They also have a mobile app, which can be helpful for traders who need to get in touch with them on the go.

Traders can deposit funds into their XM accounts with various payment options, from credit cards to bank wire transfers. They also offer several base currencies to choose from.

XM has a zero transaction fee policy for all credit or debit card payments and e-wallets, such as Neteller and Skrill. It also offers a free wire transfer to customers who deposit more than $200. They also have an award-winning live chat service, which is the best way to get the most out of your experience with XM. It is important to note, however, that XM’s customer support is not available on weekends or holidays.

Security

XM is one of the world’s leading forex brokers. Its clients’ funds are segregated in bank accounts at top financial institutions under regulatory guidelines. Its security measures include negative balance protection.

Traders can deposit and withdraw their funds using various payment methods. These include Visa and Mastercard credit cards, debit cards, e-wallets, and bank wire transfers.

In addition, XM offers several base currencies for traders to choose from. These include EUR, USD, GBP, AUD, CHF, JPY, and PLN.

XM also offers leverage of up to 1:888 depending on the account type and the entity under which it is operated. However, this amount is capped at 1:30 for European and Australian clients because of regulatory restrictions.