XM Minimum Deposit

The XM minimum deposit requirement is $5 or a currency equivalent. This is applicable for all XM account types, except for the Shares account offered by XM Global, which has a $10,000 minimum deposit requirement.

The XM Minimum Deposit Overview

Minimum

Deposit
XM
Axi
InstaForex
Tickmill
Admirals

Commission-

Free
$5
$0
$1
$100
$100

Commission-

Based
$5
$0
$1
$100
$100

The Pros & Cons of the XM Minimum Deposit

Before making a deposit, traders should consider the pros and cons of the XM minimum deposit.

Pros of the XM Minimum Deposit

  • A clean track record
  • Segregation of client deposits
  • No internal deposit fees
  • Choice of payment processors

Cons of the XM Minimum Deposit

  • Lack of transparency about the deposit process
  • No information on internal currency conversion fees
  • No cryptocurrency deposits

How to Make a Deposit with XM

The XM minimum deposit is $5, but it takes significantly more capital to trade effectively, and traders should consider depositing more.

Steps for Making a Deposit with XM

  • Log into your XM member area
  • Click “Funding”
  • Choose your payment processor
  • Enter your desired deposit amount
  • Follow the on-screen instructions

XM Deposit Fees and Deposit Methods

XM does not levy internal deposit fees, but traders may face third-party processing costs.

XM deposit methods, internal processing times, and known transaction limitations are:

Deposit Method
Processing Time
Deposit Currencies
Minimum Single Deposit
Maximum Single Deposit

Withdrawal

Option
Bank wires
Two to Five days
Multiple currencies
$5
Undisclosed
Yes
Credit/debit cards
Within 24 hours
Multiple currencies
$5
Undisclosed
Yes
China Union Pay
Within 24 hours
USD, EUR, GBP, CHF, AUD, PLN, HUF
$5
Undisclosed
Yes
Skrill
Instant
USD, EUR, GBP, CHF, AUD, PLN, HUF
$5
Undisclosed
Yes
Neteller
Instant
USD, EUR, GBP, CHF, AUD, PLN, HUF
$5
Undisclosed
Yes
Sofort Banking
Instant
EUR, GBP
$5
Undisclosed
Yes
CashU
Instant
USD
$5
Undisclosed
Yes
Przelewy 24
Instant
PLN
$5
Undisclosed
Yes
NganLuong
Instant
USD, EUR
$5
Undisclosed
Yes
WebMoney
Instant
USD, EUR
$5
Undisclosed
Yes

Noteworthy:

  • The XM deposit screen lists all deposit methods, but geographic restrictions may apply.

XM Deposit Methods vs. Similar Brokers

Deposit

Methods
XM
Axi
InstaForex
Tickmill
Admirals
Bank wires
Yes
Yes
Yes
Yes
Yes

Credit/debit

cards
Yes
Yes
Yes
Yes
Yes
Skrill
Yes
Yes
Yes
Yes
Yes

WebMoney

YesNoYesYesNo

China

UnionPay
YesYesNoYesNo

Perfect

Money
NoNoYesNoNo

Other

e-wallets
YesYesYesYesYes

Localized

Methods
YesYesYesNoNo

Crypto-

currencies
NoYesYesNoNo

XM Deposit Currencies

Traders should understand the difference between account base and deposit currencies to avoid confusion and potential currency conversion fees. The former is the base currency of a trading account, and the latter are currencies available for deposits through payment processors. XM does not disclose potential internal currency conversion fees.

XM supports the following account base currencies:

  • US Dollar
  • Euro
  • British Pound
  • Swiss Franc
  • Hungarian Forint
  • Polish Zloty
  • Australian Dollar
  • Singapore Dollar
  • Japanese Yen
  • South African Rand

XM supports the following deposit currencies:

  • All fiat currency offered by the trader’s bank, which XM automatically converts into the account base currency.

XM Trading Account Currencies vs. Similar Brokers

Account

Currencies
XM
Axi
InstaForex
Tickmill
Admirals
US Dollar
Yes
Yes
Yes
Yes
Yes
Euro
Yes
Yes
Yes
Yes
Yes
British Pound
Yes
Yes
No
Yes
Yes

Swiss

Franc
Yes
Yes
No
No
Yes

Australian

Dollar
Yes
Yes
No
No
No
Others
Yes
Yes
Yes
No
Yes
Total
10
10
3
3
10

Steps for Sending an XM Minimum Deposit

Sending an XM minimum deposit functions similarly to online banking, and the XM minimum deposit is handled through the secure XM member area of the platform.

A Step-by-step Guide to Sending Your XM Minimum Deposit

1. Log into your XM member area and click “Funding” in the left menu bar.

2. Choose your payment processor, enter your deposit amount, and follow the on-screen instructions.

3. XM notifies clients once it credits the deposit to the trading account.

XM Minimum Deposit Bottom Line

The XM minimum deposit is $5, except for the $10,000 requirement for the Shares account offered by XM Global. Only verified accounts can make the XM minimum deposit, and the name on the payment processor must match that of the XM account.

Read more about XM, in our up-to-date XM Broker Review.

Broker Comparison

FAQs

What is the maximum leverage for XM?

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The maximum XM leverage is 1:1000.

How do I fund XM?

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Traders can fund their XM account via numerous payment processors listed in the XM member area.

What is the margin requirement for XM?

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The margin requirement is asset-dependent but as low as 0.001%.

Is XM good for beginners?

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XM is a competitive beginner broker with a low minimum deposit requirement, competitive fees, trading platform upgrades, bonuses, rewards, a loyalty program, and quality research and education.

How much is the XM minimum deposit?

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The XM minimum deposit is $5, except for the Shares account offered by XM Global, which requires $10,000.

DailyForex.com Team
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