XM Minimum Deposit Review
XM Minimum Deposit amount required to register an XM live trading account ranges from USD 5 – USD 10’000. XM makes three live trading accounts available, the Micro Account, Standard Account, XM Ultra Low, and Shares Account.
🔎 Account | 🥇 Micro Account | 🥈 Standard Account | 🥉 XM Ultra Low Account | 🏅 Shares Account |
💰 Minimum Deposit | 5 USD | 5 USD | 5 USD | 10'000 USD |
🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here | 👉 Click Here |
Minimum Deposit – Key Point Quick Overview
- ☑️ Overview
- ☑️ Regulation and Safety of Funds
- ☑️ Deposit Fees and Options
- ☑️ Deposit Bonuses and Promotions
- ☑️ Pros and Cons
Overview
XM charges a minimum deposit amount of 5 USD.
After thoroughly exploring XM’s platform, we can assert with certainty that the modest minimum deposit of 5 USD is a significant benefit. This is a refreshing option for traders who are just starting or prefer to enter online trading without making a big financial commitment.
If you are interested in forex, commodities, or indices, meeting this minimal requirement can provide you with opportunities that might have seemed unattainable. XM recognizes the importance of providing customers with a diverse selection of payment methods to choose from.
From credit/debit cards to e-wallets and bank transfers, you can choose from a range of options. If you’re new to the platform, their $30 no-deposit bonus is an excellent opportunity to familiarize yourself. Engaging in trading and potentially generating profits without using your capital is possible.
However, we found that the bonus itself cannot be withdrawn. However, you can keep all the profits once you have fulfilled the trading volume requirements.
Overall, XM impresses retail traders with their commitment to transparency regarding fees. Rest assured, there are no unpleasant surprises, letting you focus on your trading activities.
Regulation and Safety of Funds
🔎 Registered Entity | 🌎 Country of Registration | 📈 Registration Number | 📉 Regulatory Entity | 📊 Tier |
1️⃣ XM Global Limited | Belize | N/A | IFSC | 3 |
2️⃣ Key Way Financial (Pty) Ltd | South Africa | 2018/527968/07 | FSCA | 2 |
3️⃣ Trading Point of Financial Instruments Pty Ltd | Australia | ABN 32 164 367 | ASIC | 1 |
4️⃣ Trading Point of Financial Instruments Ltd | Cyprus | N/A | CySEC | 2 |
5️⃣ Trading Point MENA Limited | Dubai | N/A | DFSA | 2 |
6️⃣ Trading Point of Financial Instruments UK Limited | United Kingdom | 09436004 | FCA | 1 |
Protection of Client Funds
🔎 Security Measure | 📊 Information |
🔒 Segregated Accounts | ✅Yes |
🔏 Compensation Fund Member | ✅Yes |
🔐 Compensation Amount | €20,000 or 90% of the covered investor claim, whichever is lower. |
🔓 SSL Certificate | ✅Yes |
🔒 2FA (Where Applicable) | ✅Yes |
🔏 Privacy Policy in Place | ✅Yes |
🔐 Risk Warning Provided | ✅Yes |
🔓 Negative Balance Protection | ✅Yes |
🔒 Guaranteed Stop-Loss Orders | ✅Yes |
Deposit Fees and Options
XM has a fee-free policy regarding deposits made in an account, allowing traders to fund accounts without worrying about additional non-trading expenses.
Below, we provide vital information on XM’s deposit methods and give a step-by-step process on how each payment category can be used.
🔎 Payment Method | 🌎 Country | 💰 Currencies Accepted | ⏰ Processing Time |
💴 Credit Card | All | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | Instant – 5 days |
💶 Debit Card | All | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | Instant – 5 days |
💵 Bank Wire Transfer | All | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | 1 – 5 days |
💷 Local Bank Transfer | All | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | 1 – 5 days |
💴 Skrill | All | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | Instant – 1 day |
💶 Neteller | All | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | Instant – 1 day |
💵 WebMoney | All | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | Instant – 1 day |
How to Make a Deposit with XM
Bank Wire Transfer:
Navigate to your XM account’s ‘Deposit’ section and choose ‘Bank Wire Transfer.’
- Select your selected currency and enter the deposit amount.
- XM will give you their bank information, which includes the bank name, account number, and SWIFT code.
- Make a wire transfer from your bank to the given XM bank account.
Bank wire transactions typically take between one and five business days to complete.
Credit or Debit Card:
Log onto your XM account and go to the ‘Deposit’ area.
- Choose ‘Credit/Debit Card’ as the desired method.
- Select your selected currency and input the deposit amount.
- Enter your card information, including the card number, expiry date, and CVV.
Confirm the transaction and wait for it to be processed, which usually happens instantly.
Cryptocurrency:
- While XM does not accept cryptocurrency deposits directly, you can use a third-party cryptocurrency exchange to convert your crypto into a fiat currency that XM accepts.
- Once converted, you can deposit the fiat money into your XM account via credit/debit card, an e-wallet, or bank wire transfer.
e-Wallets or Payment Gateways:
Log onto your XM account and navigate to the ‘Deposit’ area.
- Choose your favorite e-wallet or payment gateway from the list (e.g., Skrill, Neteller, WebMoney).
- Select your preferred currency and indicate the deposit amount.
- You will be routed to the chosen platform to complete the transaction.
- Follow the steps to approve the deposit.
Users usually complete e-wallet deposits promptly.
Deposit Bonuses and Promotions
XM’s deposit bonus program is a significant highlight for traders embarking on their journey. They provide a two-tiered strategy, starting with a full 100% match on your deposit up to $500 and then a generous 20% match up to an impressive $10,000.
Based on our expertise, this bonus substantially increases trading capital from the beginning, which can be accessed immediately on both the MT4 and MT5 platforms.
One important lesson we’ve discovered is that although the bonus cannot be withdrawn, any profits generated from it can be, presenting a genuine chance to enhance your trading capabilities.
We have to mention that any withdrawals will decrease the bonus amount accordingly, so it is crucial to incorporate this into your overall strategy.
Traders must also consider their account type when considering this generous offer. While most clients who fund their accounts are eligible, those with Ultra Low Micro or Ultra Low Standard accounts are not included.
In addition, XM offers new clients a $30 no-deposit bonus once they have completed their account verification.
Although it cannot be withdrawn, this bonus allows you to explore XM’s wide variety of trading instruments, including forex, CFDs, and precious metals. It also allows you to generate profits that can be withdrawn without taking risks.
We urge traders to remember that this no-deposit bonus is subject to specific terms and conditions. It is crucial to make a minimum deposit of $100 within 30 days to prevent losing it.
Pros and Cons
✅ Pros | ❌ Cons |
XM has an extremely low 5 USD minimum deposit | XM charges currency conversion fees |
There are several bonuses offered | There are strict bonus terms and conditions |
Traders can access fee-free deposit methods | There are limited payment methods for deposits |
No, XM doesn’t currently accept PayPal as a deposit method. However, they provide additional payment options, including credit/debit cards, bank transfers, and e-wallets.
XM does not charge any deposit or withdrawal fees internally. However, your bank or payment provider might charge a fee for their services.
No, XM only allows deposits from accounts or cards with the same name as the trading account holder.
XM has no set restriction on the number of deposits daily. However, they might require additional verification for substantial or regular deposits.
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