When you start trading with XM, you have to make a deposit by credit card or bank transfer. For those who want to know about XM deposits and withdrawals, we have articles about credit cards and debit cards that are eligible for deposits.
- Cards that can be used for deposits / cards that cannot be used
- The number of cards that cannot be used for deposits is increasing
- Deposit procedure and method
- Credit/debit card fees
- Credit/Debit Card Receipt Reflection Time
- Credit card/debit card amount
- Base currency of depositable account
- Credit card pre-registration
- Midnight or holiday credit card deposits
Cards that can be used for deposits / cards that cannot be used
In modern society, there are many prepaid cards, credit cards, debit cards, etc. Which cards can be used with XM Trading?
Card brands that can be used for deposits
The card brands that XM accepts are “VISA card” and “JCB card”. However, depending on the issuer of your card, you may not be able to deposit to XM even if you are using a VISA or JCB card. This is because some card issuers do not allow deposits using shopping quotas to overseas financial institutions, including XM.
Card brands that cannot be used for deposits
Payments cannot be made from Mastercard, American Express, Diners, etc. Until a few years ago, MasterCard was also a target card for XM, but it is no longer available.
The number of cards that cannot be used for deposits is increasing
Recently, more and more credit card companies are discontinuing their use for foreign exchange transactions. It is highly likely that other companies will follow suit. Even if the card can be used without problems now, it cannot be denied that it may become unusable in the future. If your card is not available for depositing to XM, we regret to inform you that you should look for other deposit methods.
Deposit procedure and method
Please refer to the following article for the procedure and method of depositing to your XM trading account.
Credit/debit card fees
In the case of deposits and withdrawals using credit cards and debit cards at XM, the fees are all “free” in any method.
Credit/Debit Card Receipt Reflection Time
If you deposit with a credit card or debit card at XM, the deposit amount will be reflected “immediately” in your XM account. Even if you return to the member page immediately from the payment completion screen, the payment has already been reflected.
Credit card/debit card amount
| VISA | JCB | |
| Minimum deposit amount | 500yen | 10,000yen |
| Deposit limit (upper limit) | Without limit | Up to 750,000 yen once |
With VISA, you can deposit from 500 yen with no upper limit, and with JCB, you can deposit from 10,000 yen and the upper limit is 750,000 yen per transaction. Deposits can be made with JCB, but withdrawals will be made by overseas bank remittance. Withdrawals of VISA will be “withdrawal as cancellation of deposit”.
Base currency of depositable account
VISA cards support all base currencies of XM accounts, but JCB cards do not support EUR. Use a VISA card to deposit to an EUR account.
Credit card pre-registration
XM does not require users to pre-register their cards. Therefore, there is no need to upload a photo of the card.
Midnight or holiday credit card deposits
If you pay by card, you don’t have to worry about the time because it will be reflected immediately 24 hours a day. If this is a bank transfer, it will be handled on the next business day.
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