de | cn | ru

Brokers News

XM Now Offers Automatic Withdrawals from Trading Accounts

XM, a Cyprus-based and regulated Forex broker, has boosted its system for funds withdrawal and now offers automatic withdrawals to its clients who have validated trading accounts.
 
Do not frown when you hear a “validated account” - this simply means that the trader has sent a proof of address and ID to the broker, a common procedure when opening a live account. Once you have such an account, you can withdraw funds using the new system which will allow instant deduction of the desired amount from you trading account. By the way, the change results in automatic updates of the balance of your trading account, so you won't get lost about how much money you have.
 
If you wish to make use of the automatic withdrawals, you should simply log into the Members Area and select the method for taking away your money. A very good piece of news is that XM is a Forex broker that offers a truly wide variety of withdrawal options: six types of credit card systems;  six types of e-wallets, including popular ones like Skrill/Moneybookers; and traditional options like bank wire. 
 
Here are a couple of things to have in mind if you decide to withdraw funds and take advantage of the automatic processing:
 
- The withdrawals will be directed automatically to the source of the deposit. This means that if you deposited with a certain credit card, you'd get the money back to this credit card.
- In case you've used more than one method to deposit money, there is a hierarchy of the methods for getting your money back: first are the credit/debit cards, then the e-wallets, and the other methods come last.
 
It's useful to know that there are some minimal thresholds for the amount of money you withdraw – it's at $200 for bank wire transfers but only $5 for all other methods. 
 
XM has a robust reputation of facilitating money transfers for its clients. Back in August, for example, the broker introduced a series of deposit methods, including CashU – in a move to ease payments in countries ranging from Bahrain to Hungary. 
 
 

About XM.com

 
XM.COM is a registered brand name of Trading Point of Financial Instruments Ltd, a European regulated financial institution licensed by CySEC. Trading Point of Financial Instruments Ltd operates online services for trading on forex, precious metals, equity indices, and energies in compliance with the Markets in Financial Instruments Directive (MiFID). Trading Point is EEA authorized and registered with the FCA UK (previously FSA UK), BaFin (Germany), AFM (Netherlands), CNMV (Spain), FI (Sweden), and FIN (Finland).
TAGS: xm. xm forex broker  xm cyprus  xm payments  xm withdrawals  forex withdrawals  automatic withdrawals  instant withdrawals  money transfer  forex trading  forex broker 

More news about XM

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Belize CySec, FCA, IFSC MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, South Africa, UAE CySec, FSCA, FSC MT4, MT5, Web $5 Review Website
Cyprus CySEC MT4, Web $25 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website

More Forex Brokers News

XM applies for a forex dealer license in the US

Jan 11 2019 13:39:14

  The US subsidiary of major forex brokerage XM has applied for a membership with the National Futures Association (NFA). This became clear from a filing by the broker’s US entity Trading.com Markets Inc. (previously Trading Point US Inc.) with the NFA dated January 3, 2019. Read more

HotForex acquired DFSA license, commences operations in the UAE

Jan 08 2019 10:45:37

  HotForex is now licensed by the Dubai Financial Services Authority (DFSA) and announced it commences operations in the United Arab Emirates (UAE). The Dubai arm of the HF Markets Group, HF Markets (DIFC) Ltd., acquired the DFSA license in December last year. Read more

CySEC warns Efexa1000 is not licensed

Oct 22 2018 12:55:06

  The Cyprus Securities and Exchange Commission (‘CySEC’) officially warned investors that Efexa1000 is not authorized to provide investment services in the country. Read more

IG Group gets licensed in the USA

Oct 16 2018 13:48:15

  Major forex broker IG Group (IG) got a green light from the National Futures Association (NFA) to operate on the US retail forex market. The US arm of IG Group, IG US LLC, has just been approved as a NFA member and is officially registered as a Retail Foreign Exchange Dealer (RFED). Read more

ASIC adds HBC broker to its warning list

Oct 09 2018 11:14:03

  The Australian Securities and Investment Commission (ASIC) has updated its list of “businesses to be wary of” with HBC Broker – an unregulated company that is trying to confound its potential clients by giving out some correct details of leading forex and CFD ... Read more

FBS wins ‘Best Copy Trading Application Global-2018’ award

Oct 05 2018 16:22:13

The prestigious “Best Copy Trade Application 2018 Global” award went to FSB  for their innovative CopyTrade platform. Read more

Capital Index renounced its CySEC license

Oct 03 2018 13:24:56

  It seems that global online brokerage Capital Index is the next to voluntarily renounce its Cypriot Investment Firm (CIF) license. Read more

FBS celebrates its 9 millionth trader

Sep 19 2018 17:17:28

After celebrating their 7 millionth million trader in March 2018, now just 6 months latter, FBS reached yet another milestone – their lucky 9 millionth trader is Jean Sales De Souza from Rio de Janeiro, Brazil. Read more

XTB fined $2.7 million by Poland’s financial regulator

Sep 19 2018 11:31:55

  The Polish Financial Supervision Authority (KNF) punished X-Trade Brokers (XTB) with a PLN 9.9 million ($2.7 million) fine for asymmetric price slippage on Tuesday. Read more

TD Ameritrade allows its clients in Singapore to trade via Messenger

Aug 27 2018 15:14:51

  Singapore branch of American brokerage firm TD Ameritrade announced on Sunday that its clients in are now able to make trades and access market information through Facebook Messenger. Retail investors in Singapore will have yet another way to access the U.S. Read more

de | cn | ru