XM Withdrawals: Fast, Clear Instructions for Hassle-Free Access

How to withdraw money from XM? This is a common question for many new traders who want to understand the process before deciding to invest on this forex platform. Don't worry! This article from Smartlytrading will guide you in detail on the steps to deposit and withdraw funds on this popular forex exchange. Let's take a look!

Detailed instructions on how to withdraw money from XM

To withdraw funds from XM, follow these steps:

Step 1: Log into your account

Log into your account and go to the "XM Member Area" by accessing the XM homepage HERE

Step 2: Choose withdrawal method

On the left menu, choose "Funding" => select "withdrawal" 

Step 3: Choose a suitable withdrawal method

Withdrawal options are fewer than deposit options, including:

• Online bank transfer
• E-wallets: Skrill, Neteller, Payoneer

Step 4: Enter account details for withdrawal

For online bank transfers, enter:

• Bank name to withdraw funds to
• Bank account number
• Amount to withdraw (this will be automatically converted to XM's USD exchange rate)

Step 5: Receive notification of successful XM withdrawal

Once completed, you will receive a success notification. For example, in my transaction, XM sent a popup: "We have received your withdrawal request of 350,000 VND, and we will process it soon. You will receive an email confirmation after your request is processed."

Screenshot of successful notification
Shortly after, I received an email confirmation of the withdrawal order.

So you have completed the steps to withdraw money on XM. Now just wait, the system will quickly send the money to the account you have registered.

Choosing a withdrawal method
After the first withdrawal, XM saves your account as the quick withdrawal method for future transactions.

Currently XM does not require the withdrawal method to be the same as the deposit method, but always requires deposits and withdrawals to be from verified accounts owned by the account holder. So be sure to note this point to avoid unwanted situations.

Notes to know during XM deposit and withdrawal

We advise you to send withdrawal requests after completing all your transactions.

Please note that while XM accepts withdrawal requests for open order accounts, for your security we have some limits:

• If a withdrawal request reduces your margin level below 150%, the request will not be accepted from 01:00 GMT+2 Monday to 23:50 GMT+2 Friday (including DST).
• If a withdrawal request reduces your margin level below 400%, the request will not be accepted on weekends, from 23:50 GMT+2 Friday
• to 01:00 GMT+2 Monday (including DST).
  Please note any withdrawal from your trading account will accordingly reduce your trading bonus.

In conclusion, Smartlytrading has provided a detailed guide on depositing and withdrawing funds on XM. I hope this article provides useful information for you to easily handle withdrawals directly from your account. Good luck!