XM Malaysia Deposit & Withdrawal (Local Bank, Credit Cards, e-Wallets)

The award-winning Forex broker, XM Malaysia, is proud of its dedication to satisfying the customers. To that end, the company provides simple and convenient deposit and withdrawal methods through a wide variety of payment systems, including e-wallets (online payment services), Bank cards, and local bank transfers in Malaysia.

If you are going to join XM Malaysia, you might be wondering how to properly deposit money into or withdraw from your account when you have reached a significant amount of revenue later.

No worries. Here’s a step-by-step tutorial on how to make deposits and withdraw funds from your XM Malaysia trading account.

1. Login to your XM Members Area.
2. Click on the “Deposit” button of your home page, as shown below:

3. The next page will show you several options for payment systems that you can use to deposit your funds. The easiest way is to choose credit cards or online payment systems because they are processed instantly.

Note: You can only withdraw money via the same deposit method that you have chosen. Therefore, make sure that you choose a convenient payment system.

👍 Deposits via online payment system (e-wallets):

1. Depositing funds using online payment systems is a better choice at XM due to its flexibility and convenience. You can choose among prominent online payment systems, including FasaPay, Neteller, Skrill, Cryptos, and PerfectMoney. These options will be available on the Deposit page of your Members Area.

2. Choose your preferred online payment system by clicking on the “Deposit here” button under the name of your selected online payment system.

3. Enter your e-wallet account information and the amount of money you want to deposit into your account. (Skrill chosen in the screenshot below)

4. Click on “Deposit.”
5. Recheck the details of the deposit and click on “Confirm”

6. You will then be redirected to the login page of your online payment system (Skrill, in above example). Login to your e-wallet account to complete the process.

Note: Several online payment systems will charge a certain amount of fee for processing your transaction. However, XM Malaysia will cover these fees, so you will still receive your funds in full amount.

👍 Deposits via Credit Cards:

1. If you want to deposit your money via credit cards, click on the “Deposit” button under “Credit/Debit Cards.”

2. Input the amount that you want to deposit and then click on the “Deposit” button. Please remember that the minimum amount of deposit depends on your account type.

3. Recheck your XM account number and the deposit amount. If everything is confirmed, click on the “Deposit” button to go to the next page where you will need to fill out your credit card information. Input your card number, cardholder name, expiry date, as well as the CVV security code.

$XM malaysia credit cards (Visa \ Mastercad)$

4. Click on “Pay Now,” and your money will be instantly deposited into your account.

Note: Please make sure that your credit or debit cards are registered under the same name as the one in your XM account. XM Malaysia does not charge any commission for deposits made via credit or debit cards.

First, you need to validate your XM account by providing your national identity card (ID). After your account is verified, proceed to do the following steps:

1. Login to your XM Members Area.

2. Click on the “Withdrawal” button of your home page, as shown below:

Note: On the withdrawal page, some of you MIGHT NOT see the option of withdrawal via credit/debit cards. That is because this option only appears if you have previously deposited money using the credit card method.

👍 Withdrawals using online payment systems:

1. Click on the “Withdraw” button under your selected online payment system.

2. Enter your e-wallet account information and input the amount of money you want to withdraw. (Skrill in the screenshot below)

3. Click on the checkbox to sign the withdrawal agreement, then click on the “Request” button, and your withdrawal request will be processed within the system.

4. When your application is confirmed, you will receive a notification via email. You can also monitor your withdrawal requests and financial transactions via Account History.

🟢 XM will process your withdrawal request back to the source of your original deposit.

🟢 Withdrawals via credit cards can only be requested up to the deposited amount. Therefore, if you want to withdraw more money, you need to choose other payment methods you have used for funding your trading account.

🟢 The minimum withdrawal amount using online payment systems starts from 5 USD, depending on your payment system and trading account.

🟢 Your withdrawal request will be processed within 24 hours, on business days. (XM usually processes it within a couple of hours)

🟢 All withdrawal fees will be covered by XM.

XM also offers deposit and withdrawal methods via local bank transfer at the top 5 largest banks in Malaysia, namely CIMB, Hong Leong, Maybank, Public Bank, and RHB Bank.

If you choose to conduct your financial transactions using local bank wire transfer, you need to prepare an active internet banking account. You will also need to check and confirm that the name of the bank account holder is the same name registered in your trading account. Only then, you can follow the tutorial below:

👍 Deposits via local bank in Malaysia:

1. Login to your XM trading account and open your Members Area.

2. Click on the “Deposit” button of your home page.

3. Click on the “Deposit here” button under “Online Bank Transfer.”

4. Choose the name of your bank (CIMB Bank, Hong Leong Bank, Maybank, Public Bank, RHB Bank) in the drop-down menu.

5. Type the amount of money you want to deposit in MYR or USD.

6. Click on the checkbox to agree with the deposit agreement and click the “Deposit” button to continue to the confirmation page.

7. Recheck your deposit information, click on “Confirm”, and you will be redirected to the bank payment page. Log in your internet banking account and make the payment. Your deposit will be processed instantly to your XM account.

Note: XM broker does not charge any commission for deposits using this payment method.

👍 Withdraw via local bank in Malaysia:

1. Login to your XM Members Area.

2. Click on the “Withdrawal” button of your home page.

3. Click on “Withdraw” under “Online Bank Transfer.”

4. Select the name of your bank in the drop-down menu.

5. Enter your bank account information, and input the amount of money you want to withdraw in USD. The minimum required amount is 15 USD.

6. Click the checkbox to sign the withdrawal agreement.

7. Click on “Withdraw” and your withdrawal request will be processed by the system within 24 hours, on business days.

Note: If your withdrawal request is confirmed, XM will send a notification via email. Remember, you can always monitor your requests and financial transactions in your Account History. XM covers all transaction fees for the bank wire transfer (for amounts over 200 USD).

That is all, make sure that you choose the best method to fund and withdraw money at XM Malaysia, so your trading experience is more convenient.

High Risk Warning: Trading with highly leveraged Forex products carries a high level of risk; this could be both advantageous and disadvantageous. In the process of trading, you may sustain a loss in excess of your deposited funds. As a result, it may not be suitable for all investors. Before deciding to trade in the real market, please make sure that you understand the risks fully, and seriously consider your investment objectives and your level of experience.

XM Deposit and Withdrawal Malaysia (Local Bank, Credit Cards, e-wallets)

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How to Withdraw Money from Your XM Account

XM Malaysia Local Bank Deposit and Withdrawal