XM Withdrawal Methods:
XM Withdrawal Methods are online payment methods that traders may use with the XM forex broker. Credit cards, debit cards, Neteller, Skrill, UnionPay, and bank wire are all options for XM.com withdrawals. Skrill, Neteller, and Bank Wire are the withdrawal methods for XM partners.
Traders may use XM’s payment alternatives, which include:
- VISA Electron
- Diners Club International
- XM Card
- Web Money
- Bank Wire
For MICRO and STANDARD forex trading accounts, the minimum withdrawal amount is $5, $50 for ULTRA LOW trading accounts, and $10,000 for SHARES accounts.
The order type, not the payment mechanism, determines the minimum withdrawal sum for the XM account. The Skrill withdrawal option is one of the most popular, and the minimum deposit (and withdrawal) is determined by account type.
Review of XM’s Withdrawal:
If a user wants to withdraw money from their XM account, they must first present the required Know Your Customer (KYC) papers.
These papers are required to avoid money laundering, according to the standards of various regulatory organisations in various nations. XM also offers an online and offline form where customers must enter personal information and background information.
However, there are fewer withdrawal options than there are for deposits, as mentioned below. Unless otherwise noted, the XM user must withdraw at least five dollars at a time, and there are no withdrawal fees.
If the consumer has fulfilled the KYC procedures and presented the appropriate papers, the withdrawal request will be processed within 24 hours on working days.