What is XM?
The business operating system for experience management.
Which Bank Does XM Use In South Africa?
XM.com at a Glance
| 🔎 BROKER’S NAME | XM.COM |
|---|---|
| ⬆️ Maximum Leverage | 1:888 |
| đź’° Minimum Deposit | /R80 ZAR |
| đź’ł Deposit Options | Bank Wire Transfer Local Bank Transfer Credit/Debit Cards Neteller Skrill, and more. |
| đź’ł Withdrawal Options | Bank Wire Transfer Local Bank Transfer Credit/Debit Cards Neteller Skrill, and more. |
How to Deposit and Withdrawal using XM
XM.com offer the following payment methods for clients to fund their accounts: Credit cards, Bank Transfer, Payoneer, Neteller, and UnionPay.
Deposits can be made in any currency and will be automatically converted into the currency selected as your base currency when opening the account.
All withdrawals are processed within 24 hours and users of XM Card or any eWallet methods will receive their money on the same day the request has been processed. Wire Transfer and credit or debit card users will have to wait 2-5 working days.
The minimum withdrawal amount is $5 / R 80.00 ZAR .
To withdraw funds, click the “Withdrawal” button on the My Account page. After logging in to your account, click “Withdrawal” on the menu, select the withdrawal method similar to the deposit method, and enter the amount you wish to withdraw.
XM Fees
Due to its global presence, XM.com may offer various account types that may differ according to the regulated entity to which it complies, therefore clients may experience different fee structures too, according to their country or place of residence.
Applicable fees, including the Minimum deposit, are set out on the related pages of their website, but in general, there are no hidden fees or commissions, with all e-wallets 100% covered, all major credit cards 100% covered and wire transfers above R3208.58covered.
XM Market Instruments
With XM Markets clients can trade more than 1000 instruments anytime and anywhere. These include:
- CFDs on Forex, Shares, Indices, Commodities, Metals, and Energies
- Forex Trading on 55+ global currency Pairs
- CFDs on Indices – Major global indices
- Commodities CFDs – Sugar, cocoa, wheat, and more
- CFDs on Stocks – Over 600 companies
- CFDs on Metals – Gold, Silver, Palladium, and more
- CFDs on Energies – Oil, Gas and all major energies.
Is XM broker in South Africa?
XM Trading is popular forex broker in South Africa & they are a market maker broker. They were founded in 2009 & are one of the largest forex brokers in world in terms of daily trading volume, and have close to 2.5 million clients globally.
How long does XM withdrawal take to capitec?
Your withdrawal request is processed by our back office within 24 hours. You will receive your money on the same day for payments made via e-wallet, while for payments by bank wire or credit/debit card it usually takes 2 – 5 business days.