How to Deposit Money in XM: Step-by-Step Guide for Beginners

Depositing funds into your XM trading account is a simple and secure process designed with beginner traders in mind. With a variety of payment methods including bank transfer, credit/debit cards, and e-wallets, XM makes it easy to fund your account quickly and safely.

New to XM and not sure how to fund your account? In this XM Guide, we’ll walk you through each step to ensure your deposit goes smoothly so you can start trading without delay.

What is the XM deposit process?

Understanding how the deposit process works at XM is essential for both new and experienced traders. It affects how quickly you can start trading and whether you’re subject to different conditions based on the type of account you use.

What does “depositing” mean in the context of a trading account?

In trading, “depositing” refers to transferring funds from your personal bank or e-wallet into your brokerage account to use as margin or capital for trading activities.

At XM, deposits can be made through various methods, including bank transfer, credit/debit cards, and online wallets like Skrill or Neteller.
Deposits fund your live trading account allowing you to open positions, maintain margins, and participate in markets.

Importantly, XM accounts are multi currency, so you can deposit in your local currency and the platform will automatically convert it to your account’s base currency if needed.

Is funding instant or does it require manual confirmation?

Most deposit methods at XM are processed instantly, though some exceptions apply:

Method	Processing Time
Credit/Debit Card	Instant
Skrill/Neteller	Instant
Local Bank Transfer	1–3 business days
Wire Transfer	2–5 business days

Instant methods are automatically credited to your trading account with no manual approval needed.
Bank wires or local bank transfers may require manual confirmation and take longer, especially during weekends or public holidays.

XM also offers no deposit fees at its end, although your bank or provider may charge third-party processing fees.

Are deposits handled differently for real stock vs CFD accounts?

Yes, there are notable differences between depositing Shares accounts and CFD accounts:

Minimum deposit for Shares accounts is significantly higher often $10,000, compared to $5 or $50 for Micro and Standard CFD accounts.
Shares accounts are funded in USD only, whereas CFD accounts support multiple currencies.
Once deposited, funds cannot be transferred between a Shares account and CFD accounts each has its own isolated wallet.
Some deposit bonuses available to CFD accounts do not apply to Shares accounts, which do not offer leverage or promotional credit.

These distinctions are crucial for traders planning to invest in both asset types using a single broker.

What deposit methods are available on XM?

XM offers a wide range of deposit methods to accommodate traders globally. Whether you’re using traditional banking or modern digital wallets, the broker provides flexible and accessible funding options tailored to different regions.

What are the major supported methods (Bank transfer, Credit card, E-wallet)?

XM supports three primary categories of deposit methods for its trading accounts:

Bank Transfers – Including international wire transfers and regional bank transfers.
Credit/Debit Cards – Visa and Mastercard are widely accepted.
E-wallets – Fast and convenient options for traders seeking instant funding.

All deposits are fee-free on XM side, and most methods allow same-day processing for live trading.

Which e-wallets are accepted (Skrill, Neteller, etc.)?

XM is well-integrated with several trusted e-wallet providers. Accepted digital wallets include: Skrill, Neteller, Perfect Money, WebMoney, SticPay,v,v… These methods typically offer instant processing, low or no transaction fees, and are ideal for traders who value speed and convenience.

Note: Availability may vary by country due to local regulations or provider restrictions.

Is crypto deposit available on XM?

As of now, XM does not support cryptocurrency deposits. You cannot fund your account with Bitcoin, Ethereum, or other digital currencies.

Traders looking to trade crypto CFDs at XM must first deposit via traditional methods (e.g., bank, card, or e-wallet).
While XM does offer crypto CFD trading, it does not yet function as a crypto-compatible broker for deposits or withdrawals.

How to deposit funds into your XM account

Depositing funds into your XM account is a simple process, but doing it correctly ensures your money is credited promptly and avoids delays. Below is a full step-by-step guide to walk you through everything — from logging into the platform to verifying your balance after payment.

How to log in and access the deposit section in the XM Members Area

Go to XM’s official website: https://www.xm.com
Click on “Member Login” in the top-right corner.
Enter your MT4/MT5 ID and the password you set during account registration.
After logging in, you’ll be directed to the Members Area Dashboard.
On the left-hand menu or main dashboard, click “Deposit” — this opens the list of available payment methods for your region and account type.

If you’re new to XM, this process is typically completed right after open and set up your XM trading account, making sure your profile is fully activated before your first deposit. You must have a fully verified account (with approved ID and address documents) to unlock all funding options.

How to choose your deposit method and currency

In the Deposit section, you’ll see a list of available options, such as:
- Credit/Debit Cards
- Bank Wire Transfer
- E-wallets (Skrill, Neteller, etc.)
- Local Internet Banking (available in Vietnam and select regions)
Click on the preferred deposit method.
Select your trading account number (if you have multiple accounts).
Choose the deposit currency:
- You can select your local currency (e.g., VND) if supported, or default to USD/EUR.
- XM will automatically convert to your account’s base currency if different.

How to complete payment using each method

The process varies slightly depending on the payment method:

Credit/Debit Card

Select “Visa/Mastercard” option.
Enter card number, expiry date, and CVV code.
Enter the amount you wish to deposit.
You may be redirected to your bank’s 3D Secure page to verify the transaction.
Once confirmed, the funds are instantly credited.

Skrill / Neteller

Click on your e-wallet option (e.g., Skrill).
Enter the email address linked to your e-wallet.
Type in the amount and proceed.
You’ll be redirected to your Skrill/Neteller login page.
Complete the transaction and return to XM.
Funds are typically credited instantly.

Local Bank Transfer (e.g., for Vietnam)

Select the Local Transfer or Internet Banking option.
Choose your local bank (e.g., Vietcombank, BIDV, ACB).
Enter deposit amount (in VND).
You will receive instructions or QR code to complete the payment via your bank app.
Follow the instructions, submit proof if needed, and wait for manual approval (usually within 1–3 hours).

XM provides visual confirmation and QR instructions on-screen during the bank transfer step you may take a screenshot or download the slip for your records.

How to confirm your deposit and check balance

Once payment is completed, return to the Members Area.
Click on “My Accounts” to view your live account balance.
Deposits done via e-wallets or cards appear immediately.
For bank transfers, allow some processing time (usually within 1 business day for local payments).
You’ll also receive a confirmation email from XM once the funds are credited.

Important: If funds do not appear within the expected time, you can:

Check under the “Transaction History” tab.
Contact XM Live Chat or support via email and upload a payment receipt if needed.

Are There Any Minimum Deposit Rules at XM?

XM sets clear minimum deposit requirements for each account type, and traders should be aware of how these thresholds can vary based on location, currency, and funding methods.

What is the minimum deposit amount for each account type?

XM offers multiple account types, each with its own entry-level requirement:

Micro Account: Minimum deposit is $5
Standard Account: Minimum deposit is $5
Ultra Low Account: Minimum deposit is $5
Shares Account: Minimum deposit is $10,000

These amounts are calculated in USD or an equivalent value in your chosen base currency.

Are there different minimums for local vs international transfers?

Yes. While XM itself maintains consistent deposit minimums regardless of the method, some local payment providers or banks may impose their own minimum thresholds, particularly for wire transfers. For example:

Local bank transfers in countries like Vietnam or Indonesia may require a higher minimum (e.g., $15 or local equivalent).
International bank transfers may involve intermediary fees and thus are usually recommended for larger amounts.

It’s best to verify the specific limits and fees with your local bank or e-wallet provider.

Can I deposit in a currency other than USD or EUR?

XM accepts deposits in a wide range of base currencies including, but not limited to:

USD, EUR, GBP, AUD, JPY, CHF
Local currencies like THB, MYR, IDR, and VND (depending on your region and payment method)

Depositing in your local currency helps you avoid conversion fees, but make sure your trading account is set to match that currency when registering or you may incur automatic exchange.

Are XM Deposits Fast and Free?

XM aims to offer a seamless and cost-effective deposit experience, but the exact fees and speed depend on your chosen funding method and location. Here’s how XM compares in terms of deposit costs and processing times.

Does XM charge any deposit fees?

No, XM does not charge any fees for deposits. Regardless of whether you use a credit card, e-wallet, or bank transfer, XM covers all internal transaction costs. However, this applies only if your deposit meets their minimum threshold (typically $200 for fee reimbursement on bank wires).

Free deposit methods: Credit/debit cards, Skrill, Neteller, and local bank transfers in supported countries
Bank wire: XM reimburses transfer fees for deposits over $200

Are there third-party or currency conversion fees?

Yes, potentially. While XM itself doesn’t charge deposit fees, third-party providers may apply the following:

Currency conversion fees if you deposit in a currency different from your trading account base (e.g., depositing VND into a USD account)
Bank or e-wallet fees, particularly if your payment service provider is international or not directly partnered with XM
Intermediary fees for international bank wires, which may not be fully reimbursed

To avoid hidden costs, XM recommends depositing in your account’s base currency and using local payment methods when possible. Also, for traders looking to explore the platform risk-free before funding, the XM No Deposit Bonus may serve as a helpful starting point.

Depositing money into your XM account is fast, user-friendly, and supported by multiple trusted payment options. Whether you’re using a local bank, card, or e-wallet, the process can usually be completed in just a few minutes through the secure client portal. For beginners, following each step carefully ensures a smooth start and helps avoid common deposit issues. Once your funds are in, you’re ready to enter the markets and begin trading with confidence.

Lina Vexley

Lina Vexley is a forex education specialist with a passion for guiding new traders. She offers step-by-step lessons on MetaTrader and risk control, making XM accessible and practical for traders of all experience levels. Email: [email protected]