XMTrading (XM): How do I deposit funds into my account from an online bank? This article explains the latest information on the types, domestic remittance transaction fees, and the time it takes for funds to be reflected. There are several deposit methods, but we will explain the most convenient online bank transfer method.
XMtrading
| Operating company (運営会社) | Tradexfin Limited Fintrade Limited |
| Head office location(本社所在地) | Unit E, F28, Eden Plaza, Eden Island, Republic of Seychelles |
| Founding year(創業年) | 2009 |
| Financial License(金融ライセンス) | セーシェル金融サービス規制当局（FSA）SD010：Tradexfin Mauritius Financial Services Commission (FSC：モーリシャス金融サービス委員会)：Fintrade Limited Cyprus Securities and Exchange Commission (CySEC)：Trading Point of Financial Instruments Ltd |
| Language support（言語対応） | English、日本語、Malay、Thai |
| Platform(トレードツール) | MetaTrader 4 (MT4)／MetaTrader 5 (MT5) |
| Service Countries（サービス提供国） | Over 190 countries（190か国以上） |
| Number of users（利用者数） | Over 1 million accounts、（100万口座突破） |
| Max Leverage(最大レバレッジ) | 1000x |
| Eligible products（対象商品） | Forex、Metal、Stocks、Equity Indices / Index CFD、Energy CFD、Commodities、Cryptocurrency |
Rules and reflection time for online bank deposits to XM
We have organized the rules and reflection times for online bank deposits (domestic bank transfers and online banking) to XM for beginners. You can ask the support desk for the latest information. We recommend this broker because of its easy-to-use content, ease of use, and ease of management.
1️⃣ Online banks that can be used for deposits
- Major online banks and online payment services in Japan are available.
- Examples: Sumishin SBI Net Bank, Rakuten Bank, Japan Post Bank, etc.
- Select “Domestic Bank Transfer (Online Bank)” on your XM account page and proceed.
2️⃣ Deposit Rules
Account Name Match
Deposit from a bank account with the same name as the XM account registrant.
If the name is different, the deposit may not be accepted or may be refunded.
Currency Match
Match the XM account currency (JPY/USD/EUR, etc.) with the deposit currency.
If the currencies are different, a foreign exchange fee may be charged.
Minimum Deposit Amount
Domestic Bank Transfer: Approximately ¥5,000+
This fee varies depending on the deposit method and bank, so please check your account page.
Fees
XM charges no fees.
Banks may charge transfer fees.
3️⃣ Deposit reflection time
- Real-time to several hours
- Varies depending on bank and online banking processing status
- Check your deposit status on your XM My Page
- Posting may be delayed outside of business hours or on holidays.
4️⃣ Points to note
- You can start copy trading and trading immediately after depositing.
- If there are any errors in the transfer name or amount, your transfer may be delayed.
- After confirming your deposit, you may be granted a deposit bonus. Please check the terms and conditions.
Advantages and disadvantages of online bank deposits to XM
We’ve compiled a list of the advantages and disadvantages of online bank deposits (domestic bank transfers) to XM for beginners. Knowing this will help you choose the deposit method that’s right for you. There are several payment methods available, including SticPay, Apple Pay, convenience store and app payments, but this method is much easier than others.
1️⃣ Benefits
① Immediate or quick deposits to your account.
Deposits via online banking are reflected in real time or within a few hours.
Start copy trading and trading immediately.
② Low fees.
XM does not charge any deposit fees.
Bank transfer fees are also relatively low with online banks.
③ Easy to use.
Transfer funds online from home or your smartphone.
No need to visit a bank counter or ATM.
④ Secure.
Since funds are transferred from your own bank account, there are fewer deposit issues.
The XM system is also more likely to accurately reflect your funds.
2️⃣ Disadvantages and points to note
① Deposits may be delayed.
If funds are deposited outside bank business hours or on public holidays, they may not be reflected until the next business day.
② Risk of mismatched transfer name.
If the name on your XM account and the name on the transfer are different, your deposit may be withheld or refunded.
③ Bank fees may be incurred.
Depending on the originating bank, fees may be charged.
For small deposits, fees may affect your profits.
④ Exchange fees may be incurred.
If your XM account currency and the transfer currency are different, an exchange fee may be charged.
XM Online Bank Deposit Procedure
We’ve organized the online bank deposit procedure at XM in a step-by-step format for beginners. By following this, even first-time users can deposit funds smoothly. Other options include credit cards, debit cards, bitwallet, and bxone. The same goes for withdrawals. We recommend online banking (local bank transfer). You can transfer funds from your home page. This service is available both domestically and internationally.
1️⃣ Log in to your XM My Page
- Log in to your “My Page” or “Member Page” on the XM official website.
- Required login information: Account number (login ID) and password
2️⃣ Go to the “Deposit” page
- Select “Deposit” from the My Page menu.
- A list of deposit methods will appear. Select “Domestic Bank Transfer (Online Bank).”
3️⃣ Enter the deposit amount and account information
- Enter the amount you wish to deposit (starting from ¥10,000 up to the maximum).
- Enter the bank account information you will use for the deposit (bank name, branch, account number, etc.). The number is required.
- Make sure the name on your XM account matches the name on your bank account.
4️⃣ Confirm your deposit
- Check your input information.
- If there are no errors, click the “Deposit” or “Transfer” button.
- You may be redirected to your bank’s online banking page.
5️⃣ Deposit completed
- Once your deposit is complete, it will be reflected in your account balance on your XM My Page (it should be reflected in your wallet within 24 hours).
- Reflection Time: Real-time to several hours (may be delayed until the next business day if funds are deposited outside banking hours or on public holidays).
- You can immediately use your funds for copy trading and other trading activities, and you may also be eligible for promotions and special offers.
6️⃣ Points to note
Matching the remittance name
If the name on your XM account and the name on your current bank account are different, you generally cannot deposit.
Check the minimum deposit amount
Bank transfers typically start at ¥5,000.
Check fees
XM is free, but your bank may charge a transfer fee.
Matching currencies
Matching your deposit currency with your XM account currency can help you save on exchange fees.
Important notes regarding online bank deposits
We’ve compiled some important points to keep in mind when making online bank deposits at XM for beginners. These are important points to avoid any deposit issues. Be sure to check them out. While the spreads are wide and costly, you can compare and invest in many currencies, including dollars and cryptocurrencies.
1️⃣ Matching the remittance name
The name on your XM account and your bank account must match exactly.
If the names do not match, your deposit may be put on hold or refunded.
2️⃣ Confirm the deposit amount.
Confirm the minimum deposit amount.
For domestic bank transfers, the minimum deposit is generally 5,000 yen (varies by bank and currency).
Deposits that are too small may not be processed.
3️⃣ Matching the currency.
Match your XM account currency (JPY/USD/EUR, etc.) with the deposit currency.
If the currency does not match, a foreign exchange fee may be charged.
4️⃣ Bank fees.
XM is free of charge.
Remittance fees may be charged by the sending bank.
For small deposits, fees may affect your profits.
5️⃣ Deposit reflection time.
Usually takes place in real time to several hours.
If the deposit is delayed outside bank hours or on public holidays, it may take until the next business day.
If there is a delay in the reflection, check the status on your XM account page.
6️⃣ Use after Deposit
After depositing, funds are immediately available for copy trading and other transactions.
Check your deposit amount and balance before starting copy settings and placing orders.
7️⃣ Security
When depositing funds online, please do so via the official XM website or My Page.
Use a secure network, not public Wi-Fi.
What to do if your online bank deposit isn’t reflected
We have compiled a FAQ for beginners on what to do if your online bank deposit is not reflected at XM. This is useful as a confirmation procedure when you have trouble with your deposit. The principles are unified as knowledge, so once partners fully understand it, they will be able to use it right away.
1️⃣ Check your payment status on My Page
- Log in to your XM Account
- Check your “Deposit History” or “Funding Status”
- If it says “Processing” or “Pending,” it may be processing on your bank or XM side.
2️⃣ Confirm the name of the transferee
- Make sure the name on your XM account and bank account match.
- If they do not match, your deposit may be withheld or refunded.
3️⃣ Confirm deposit amount and currency
- Is the deposit amount above the minimum?
- Does the XM account currency match the transfer currency?
- If the currency does not match, the transfer may be delayed or a foreign exchange fee may be charged.
4️⃣ Check your bank’s processing time
- During weekday business hours, transfers are usually reflected immediately or within a few hours.
- If the transfer is made outside banking hours or on public holidays, it may be delayed until the next business day.
- Check your bank statement or online banking page to confirm the transfer is complete.
5️⃣ Contact XM Support
- If the payment is not reflected after checking the above, please contact XM Support.
- Information required when making an inquiry:
- Account number (login ID)
- Transfer date, amount, bank name, and transfer name
- XM Support will check the deposit status and assist you.
6️⃣ Additional Notes
- Small deposits or incorrect entries may cause delays in the deposit.
- Unprocessed bank fees may affect the deposit.
- Once the deposit is confirmed, the funds can be used for copy trading and other transactions.
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