Are you planning to withdraw your XM trading profits? Do you want to know how long it will take? In this article, we will guide you through the XM withdrawal process and provide estimates on how long it will take to get your money.
XM Withdrawal Methods
XM provides several withdrawal methods. You can withdraw your trading profits through credit/debit cards, bank wire transfer, electronic wallets, and local banks. Each method has its own requirements and processing times.
Credit/Debit Cards
If you have used a credit/debit card to fund your XM account, you can withdraw your profits back to the same card. The withdrawal process takes around 2-5 business days. However, it may take longer depending on your bank's processing times. Also, note that XM charges a withdrawal fee of $2 for credit/debit card withdrawals.
Bank Wire Transfer
If you prefer to withdraw your profits through bank wire transfer, XM offers this option too. The processing time for bank wire transfer withdrawals is around 2-7 business days. However, it may take longer depending on your bank's processing times. XM doesn't charge a withdrawal fee for bank wire transfers. But, your bank may charge an incoming transfer fee. So, make sure to check with your bank before making a withdrawal.
Electronic Wallets
Electronic wallets are becoming a popular withdrawal method due to their speed and convenience. XM supports several e-wallets such as Skrill, Neteller, and WebMoney. The processing time for e-wallet withdrawals is around 24 hours. However, it may take longer depending on the e-wallet provider's processing times. XM doesn't charge a withdrawal fee for e-wallet withdrawals.
Local Banks
XM also offers local bank withdrawal option in some countries. The processing time for local bank withdrawals is around 2-5 business days. However, it may take longer depending on your bank's processing times. XM may charge a withdrawal fee for local bank withdrawals. So, make sure to check the fee before making a withdrawal.
XM Withdrawal Rules
Before making a withdrawal, make sure to check the following rules:
- You can only withdraw funds to the same account you used to deposit.
- You may be required to provide additional documents such as a government-issued ID, proof of address, or credit/debit card photos.
- The withdrawal amount must not exceed your account balance. If you have open positions, they will be closed before the withdrawal request is processed.
Conclusion
XM provides reliable and efficient withdrawal methods for its clients. The processing times vary depending on the withdrawal method you choose. Electronic wallets are the fastest and most convenient option. Make sure to follow the withdrawal rules to avoid any delays or issues. We hope this article helped you understand how long it takes to withdraw your XM trading profits. Good luck!
