XM Deposit Methods | Fees and Conditions


I will explain how to deposit into XM account.

If you haven’t opened a XM account yet, please open one by referring to my article.

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XM Deposit Methods

The following deposit methods are available on XM.

Available deposit methods vary depending on your country of residence.

The explanations from here on are based on the ones available in Thailand where I live, but please visit the official website to know which deposit methods are available in your country.

MethodFeesProcessing Time
Bank TransferNo Fees *11-3 business days
Credit/Debit CardNo FeesInstantly
NetellerNo FeesInstantly
SkrillNo FeesInstantly
WebMoneyNo FeesInstantly

*1: Fees will be charged for less than $200 (or equivalent) deposit.

Restrictions on withdrawal by deposit method

There are the following restrictions.
From a money laundering perspective, this is almost same for any forex broker.

  • If you deposit with a credit card, you can withdraw up to the deposit amount.
  • For credit cards, there may be further restrictions depending on the card company.

If you deposit with a credit card, the maximum withdrawal amount is the deposit amount.
In other words, if you make a profit, you can only withdraw the profit by bank transfer.

Although it is a restriction by the credit card company, for example, you may not be able to withdraw money after a certain period of time (several months).
This is because in the case of credit card withdrawal, it will be refunded (withdrawn) by canceling the deposit.
For the same reason, credit card withdrawals may take long time.

How to Deposit into XM Account

From here, I will explain the specific deposit method using my account.

Only the main ones will be explained.
Skrill and NETELLER have almost the same flow.

As mentioned above, the available deposit methods vary depending on the country or region where you live, but here I will explain the following major deposit methods.

  • Online Bank Transfer
  • Mobile Banking
  • Credit / Debit Cards
xm deposit options

Log in to XM Member Page

First, log in from the top page of XM and display the member page.

XM top page

Select Deposit Account

From the Overview of My Account, click “DEPOSIT FUNDS” or “DEPOST” in the row of the account you want to deposit.

xm select deposit account

In XM, you can create up to 10 additional accounts.
If you have multiple accounts, multiple lines will be displayed here.
(Like my screenshot)

Make sure you don’t make a mistake in the account you deposit.

Please see another article for how to create additional accounts.

How to Open XM Additional Account | How to Reduce Risks
As summarized in the separate article "How to choose the best broker for beginners" and "The story saved

Deposit by Online Bank Transfer

Select “Online Bank Transfer”

Select “Online Bank Transfer” from the deposit options.

This depends on the country or region where you live, and the supported banks will differ.
Here, I will explain using the example of Thailand where I live.

xm select online bank transfer

Notes for Online Bank Transfer

Some notes for online bank transfer is shown.
Please read it well.

notes for xm online bank transfer

Select the Bank, Enter the Deposit Amount

Select the bank to use.
Enter the deposit amount.

When you transfer money from your bank, deposit will be automatically exchanged for your XM account currency. The exchange rate is displayed on the screen.

xm online bank transfer, select bank and enter the amout

Move to Bank Online Payment Page

You will automatically be taken to the bank’s online payment screen. Please follow the instructions on the screen to send money.

xm online bank transfer, do deposit on bank website

Deposit by Mobile Banking

In Thailand, where I live, domestic bank transfers are very advanced and convenient.

We can easily send money by scanning the QR code with the bank’s mobile app.

Select “Mobile Banking”

select xm mobile banking

Select Bank, Enter Deposit Amount

select xm bank and enter the amount

Scan QR and Send Money

scan qr code for deposit xm

Deposit by Credit/Debit Cards

Select “Credit/Debit Cards”

select xm credit and debit card deposit

Notes for Credit/Debit Cards

Some notes for credit/debit cards is shown.
Please read it well.

notes for xm credit and debit card deposit

Enter the Amount

enter the amount for credit card deposit


Enter Credit Card Information

Enter the credit card information you use for deposit.
Click “Deposit” after entering, the deposit will be processed after the card information is collated.

enter the card information for xm credit deposit

Deposit by NETELLER


select xm neteller deposit

Notes for NETELLER

Some notes for Neteller is shown.
Please read it well.

notes for xm neteller deposit

Enter your Neteller email address and deposit amount

Enter the email address registered in Neteller and the deposit amount. After entering, click Deposit.

enter neteller email address and the amount for deposit XM

Move to Neteller Page

You will automatically be taken to the Neteller website. Please follow the instructions on the screen to send money.


I explained how to deposit XM.

A general notes with forex brokers is that deposit methods are changed sometimes.
Also, as mentioned above, the available deposit methods differ depending on the country or region where you live, so please check the official website to confirm it.

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