There are withdrawal methods for XM, but there are rules for withdrawals and you cannot choose freely. Furthermore, XM is closed on Saturdays and Sundays. Is it useless to ask for withdrawal processing on Saturdays and Sundays? And in the first place, is it okay to make a withdrawal request on Saturdays and Sundays? I am writing about this point.
- Only withdrawal requests are possible
- Withdrawal methods and procedures
- Is XM Trading closed on weekends and holidays?
- What you can do on Saturdays and Sundays
- Withdrawal fee is basically free
- Processing time from withdrawal request
- No withdrawal
- You cannot withdraw bonus credits only
- bonus disappears
Only withdrawal requests are possible
In conclusion, withdrawal requests can be made even on Saturdays and Sundays. However, after that, confirmation work will be performed on the XM side, so the withdrawal process will not proceed until after the business day. If you make a withdrawal on Saturdays and Sundays, the withdrawal will be processed and reflected on the next business day.
Withdrawal methods and procedures
Payment methods and procedures are summarized below. Please try to reference.
Is XM Trading closed on weekends and holidays?
XM is open from 7:00 am on Monday to 6:59 am on Saturday in Japan time. We are closed from 7:00 am on Saturday to 6:59 am on Monday in Japan time, so Saturdays and Sundays are holidays. Furthermore, XM is not open 24/7. There are irregular holidays such as the year-end and New Year holidays and Christmas.
What you can do on Saturdays and Sundays
Saturdays and Sundays at XM are basically closed days, but there are a few things you can do.
Application for opening an account
XM accepts applications from the account opening page on the official website even on Saturdays and Sundays. Please note that the examination of identity verification documents is conducted during XM’s business hours, so it is not possible to trade immediately after opening an account on Saturdays and Sundays.
credit card deposit
If you already have an account, you can make deposits on Saturdays and Sundays by credit card or online wallet other than bank transfer. Only bank remittances cannot be deposited on Saturdays and Sundays because the bank window itself is closed.
Withdrawal fee is basically free
Basically, XM will bear all the fees for withdrawing funds from your XM trading account. Withdrawal fees are basically free regardless of which withdrawal method you use.
Processing time from withdrawal request
At XM, regardless of which withdrawal method you use, the withdrawal process will be completed on the XM side within 1 business day after applying for a withdrawal request. Therefore, even if you can make a request on Saturdays and Sundays, the withdrawal will be processed after the business day because the confirmation process will actually be processed.
With XM, you can withdraw even if you have a position, but the condition is that the margin maintenance rate of the account balance after withdrawal meets a certain level. Withdrawal is not possible if the margin maintenance rate of the position is low.
You cannot withdraw bonus credits only
Bonuses that can be received when opening a new account or making a deposit are added as “credits”. Please note that these funds are for trading on XM and cannot be withdrawn.
Please note that if you have a bonus left when you withdraw from your XM trading account, the same percentage of credit (bonus) as the withdrawal amount will disappear.