If you’ve ever had trouble withdrawing your funds, you’re not alone. Withdrawing your XM forex profits can take anywhere from one to three business days, depending on the country. It may even take longer. In some cases, KYC documents can take longer to process. Fortunately, most withdrawal requests are processed within twenty-four hours, or less on working days.
Withdrawal problems with XM can be frustrating and can cost you your profits. You can avoid these issues by following a few simple steps. First, check your withdrawal method. You can usually use a credit or debit card to withdraw money, or a money-transfer service such as Neteller. However, you should be aware of XM’s policies about third-party money transfer services. They are against company regulations and can cause your account to be suspended.
Secondly, verify your identity and residential address. XM requires residents to provide official identification documents. If you don’t have a copy of these documents, you should contact customer support. Also, be sure to fund your account. This way, you won’t have to worry about losing your funds in the future.
XM offers commission-free Forex trading, with commissions as low as 0.6 pips per 1.0 standard lot. Other currency pairs, however, have higher markups. XM has two accounts for investors: a Standard account and a Micro account. Both accounts have commission-free trading options, but there are a few exceptions.
XM has a long-standing reputation and is regulated by Cyprus and Belize. These countries help protect XM from a number of regulatory issues. If you’re worried about your funds being blocked or your account being suspended, consider the following tips: (1) review XM’s reputation.
XM provides multiple payment methods for clients in every country, including a local bank transfer option. It also eliminates conversion charges for some customers. Minimum deposits for Micro and Standard accounts are five dollars, while you’ll need a standard account of one hundred dollars to withdraw more money. Withdrawals above $200 will be processed by wire transfer. You can also make a request for a withdrawal that doesn’t incur any fees.
XM’s management team has traveled to over 120 cities around the world to meet with its partners and clients. In addition, it has organized over 100 seminars to help traders improve their trading skills. These activities have helped the company reach the highest levels of client retention. It now has more than 300,000 real accounts from 196 countries.
