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Getting your money out of XM

If a broker ever fails, the questions are how your money was held and how fast it could come back. This is how XM handles withdrawals today.

Regulation: Belize FSC (8557558); CySEC (120/10); DFSA (F003484); FSCA (49976); Mauritius FSC (GB23202700); Seychelles FSA (SD190); CMA Kenya (233). How XM is regulated

Facts last checked . Read the full XM review.

Deposits and withdrawals

Deposit methods
Visa, Mastercard, bank transfer, electronic payment providers and local payment methods
Withdrawal methods
Credit/debit card, bank transfer, electronic wallets and supported local payment methods
Deposit time
Instant for most electronic methods; bank transfer typically 2-5 business days
Withdrawal time
Instant/same-day processing where automatically approved; bank wire and cards typically 2-5 business days
Minimum withdrawal
$5
Local payment methods
Yes, multiple region-specific electronic and local payment methods

What this means

Withdrawals are stated at Instant/same-day processing where automatically approved; bank wire and cards typically 2-5 business days, against Instant for most electronic methods; bank transfer typically 2-5 business days for deposits. A gap between the two is normal and not in itself a warning sign - identity checks are a legal obligation, not obstruction. What is worth noticing is a withdrawal that keeps meeting new conditions after those checks are done.

Withdrawal routes: credit/debit card, bank transfer, electronic wallets and supported local payment methods. Money is usually returned by the route it arrived on, so the deposit method you pick is in effect the withdrawal method you are picking too.

The minimum withdrawal is $5 - relevant if you intend to fund the account lightly, since it sets the smallest amount you can take out at a time.

Questions about XM deposits and withdrawals

How do you withdraw from XM?

Withdrawals from XM are made by credit/debit card, bank transfer, electronic wallets and supported local payment methods. Most brokers return money by the method it arrived by, so the deposit method decides the withdrawal method.

How long does a XM withdrawal take?

XM records withdrawal times of instant/same-day processing where automatically approved; bank wire and cards typically 2-5 business days. The broker's processing time and the bank's or card issuer's time are separate, and the published figure is usually the broker's.

Is there a minimum withdrawal at XM?

The minimum withdrawal at XM is $5.

Deposits and withdrawals at brokers under the same regulator

More about XM