Withdrawing money from your broker whether it is XM or another platform is one of the clearest and most satisfying moments that exist in the world of traders.
You have done a great job, you have beaten the market and it is time to withdraw the fruit of your work.
In this article on the way to withdraw money from XM forex here is a discussion about everything related to the famous withdrawal applied to this broker.
Do you know how much XM charges to withdraw funds, for example?
Well, keep reading and you will learn all about XM and its process to withdraw money.
Step by step guide to withdraw money From XM
Withdraw money from your account with the XM broker and thus comply with the investor’s natural cycle in which funds are deposited into your account, work and invest with that capital, earn money and finally withdraw your profits to be able to enjoy it in what more want is extremely simple.
Next you will see the steps to withdraw funds.
Step 1: The first thing you should do is enter your user area. To do this, go to the XM broker website and click on the “User access” button situated at the top of the web.
Step 2: Once inside your user area, you will find a “Withdraw Funds” button in the first screenshot of the screen. Click it.
Step 3: Within the “Withdraw Funds” window you will find a list with the withdrawal methods available for your account. You will be able to see credit and debit cards, virtual wallets, bank and online transfers, etc. Choose the one that suits you best.
Step 4: After selecting the withdrawal method, add the amount of money you want to withdraw in the corresponding box and confirm that you understand the procedure and request the operation.
Step 5: In the next window confirm that the information is correct. Please note that although the amount withdrawn is deducted from your account immediately, the process of receiving the money in your account may vary in a minimum of 24 business hours.
Step 6: Enjoy your money in what you like the most. Job well done, money deserved, congratulations!
Standard duration of withdrawals to be credited to your account
The withdrawal request is processed by the XM team within 24 hours. If the request has any XM withdrawal problems or inconsistency, the customer service team will contact you.
Withdrawal priority procedure:
XM maintains a fight against fraud and is associated with regulatory entities that prevent money laundering and terrorist financing.
Therefore, XM will always process redemptions and withdrawals of funds at the original XM trading minimum deposit method. For this you have an established priority process.
Withdrawals with credit and debit cards
They will be processed through this channel up to the amount that has been deposited by this means.
Withdrawals with e-wallets
Disbursements to e-wallets will be processed after all deposits made with credit or debit cards have been refunded.
Finally, please note that funds cannot be transferred between two account holders. Only to accounts that have the same owner of origin and destination.