XM’s MyWallet has been implemented directly for the use of account transactions. We will explain the auto rebate function etc. MyWallet is an online wallet that is only used for specific XM campaigns. This function may not be of much use to ordinary traders. I will explain what features this feature has.
- XMtrading
- XM Overview and Features
- XM Overview (Brief)
- 1) Easy to start with a small amount
- 2) High leverage up to 1,000x
- 3) Multiple account types available
- 4) Compatible with MT4 / MT5 / WebTrader
- 5) Famous for its strong bonuses
- 6) Often discussed in terms of zero-cut (no margin calls)
- 7) Relatively extensive Japanese support
- 8) Multiple deposit and withdrawal methods
- What is XM’s MyWallet?
- How to Use MyWallet
- Frequently Asked Questions about MyWallet
XMtrading
| Operating company | Tradexfin Limited Fintrade Limited |
| Head office location | Unit E, F28, Eden Plaza, Eden Island, Republic of Seychelles |
| Founding year | 2009 |
| Financial License | （FSA）SD010：Tradexfin Mauritius Financial Services Commission (FSC：)：Fintrade Limited Cyprus Securities and Exchange Commission (CySEC)：Trading Point of Financial Instruments Ltd |
| Language support | English、日本語、Malay、Thai |
| Platform | MetaTrader 4 (MT4)／MetaTrader 5 (MT5) |
| Service Countries | Over 190 countries |
| Number of users | Over 1 million accounts |
| Max Leverage | 1000x |
| Eligible products | Forex、Metal、Stocks、Equity Indices / Index CFD、Energy CFD、Commodities、Cryptocurrency |
XM Overview and Features
XM (XMTrading) is an overseas broker that handles FX and CFDs (Contracts for Difference).
In Japan, it is well known for its “high leverage, ease of starting with small amounts, and generous bonuses,” but it is also a type of service with significant risks. This should be considered calmly from the start. XM’s official website states that it supports over 1,400 instruments, including FX, gold, crude oil, and stock indices, and that trading is available on MT4/MT5/WebTrader.
XM Overview (Brief)
XM is a comprehensive overseas FX broker that allows trading not only in foreign exchange (FX) but also in gold, crude oil, stock indices, and stock-based CFDs.
Compared to Japanese FX companies, it is characterized by its high leverage and bonus programs. On the other hand, there is no principal guarantee, and it is a leveraged product with a high risk of loss, so for beginners, it is important to “understand the mechanism first” rather than “it seems like you can make money.” XM also clearly states that margin trading involves high risks.
1) Easy to start with a small amount
XM’s account type guide states that the minimum deposit is equivalent to $5.
Therefore, it’s easy for people who want to “try it out with a small amount first.”
Suitable for:
People who don’t want to deposit a large amount of money right away
People who want to practice with a small amount of real money after using a demo account
2) High leverage up to 1,000x
XM allows leverage settings up to 1,000x depending on the account type (Zero account is up to 500x).
Advantages:
You can take larger positions even with small capital
High capital efficiency
Disadvantages (important):
Both profits and losses can be amplified easily
Quite dangerous if beginners use it without proper knowledge
This is a common misconception, but high leverage does not equal advantage.
More accurately, high leverage is convenient for people who are good at money management, but dangerous for people who use it carelessly.
3) Multiple account types available
XM mainly offers the following account types: Representative Account Types
Standard Account
Micro Account
KIWAMI Extreme Account
Zero Account
Here are the characteristics of each:
Standard Account
The most straightforward standard type
Easiest for beginners to start with
Often compatible with bonus programs
Micro Account
Easier to trade in even smaller units
Suitable for practicing with very small amounts
Very compatible for beginners’ practice
KIWAMI Extreme Account
Relatively narrow spreads
Features swap-free trading for eligible instruments
Often seen by those who prefer short-term trading
Zero Account
Narrow spreads as low as 0 pips
Instead, it’s a commission-based account
Suitable for discretionary scalping and those who prioritize low costs
Maximum leverage is 500x
4) Compatible with MT4 / MT5 / WebTrader
XM offers trading environments for PC, smartphone, and browser.
The official website states that MT4, MT5, and WebTrader are available.
Rough Differences
WebTrader: No installation required, ready to use immediately
MT4: The standard, with a large amount of EAs and information available
MT5: Newer, high-functionality
For beginners:
Just trying it out → WebTrader
Getting serious about it → MT5
Having a reason to use MT4 EAs → MT4
This is a safe way to choose.
5) Famous for its strong bonuses
XM is known for its strong appeals regarding account opening bonuses and deposit bonuses.
You can check bonus offers that vary depending on the time and conditions on their official website.
However, there are some points to be careful about.
Important points to consider
Bonuses are not a magic spell that makes it easier to make profits
They are simply a mechanism to increase trading capacity
You should always check the withdrawal conditions, eligible accounts, and eligible transactions
A common mistake beginners make is:
“Having a bonus = advantageous” → Betting big immediately
This is quite dangerous.
6) Often discussed in terms of zero-cut (no margin calls)
XM is often seen as a prime example of the zero-cut system, which is frequently discussed in overseas forex trading.
This generally refers to a system where, even if the account balance goes negative due to sudden market fluctuations, the user is not subject to additional charges (margin calls).
What this means:
It helps mitigate the risk of debt during sudden market changes.
It is often discussed in conjunction with high leverage.
However, this is also easily misunderstood.
Points that are easily misunderstood:
Having a zero-cut does not equal safety.
In reality, the risk of losing all your funds at once is still quite real.
In other words:
It’s less likely to result in debt.
But losing all your funds is still quite possible.
This difference is quite important.
7) Relatively extensive Japanese support
XM has a very strong presence in Japan, and:
Japanese website
Japanese support
Japanese user guide
Japanese app navigation
These are relatively well-developed. XM’s official website and XMTrading Labo also offer abundant information in Japanese.
Advantages for Beginners
Easy to look up information when you’re unsure
Lowered barriers to deposits, withdrawals, and account management
8) Multiple deposit and withdrawal methods
XM’s guide for Japan introduces multiple deposit and withdrawal methods, including domestic bank transfers and various online wallets. XMTrading Labo explains multiple methods for withdrawals via the app.
While this is convenient, in reality,
Deposit method
Withdrawal priority rules
Fees
Processing time
Identity verification status
The ease of use varies depending on these factors, so “ease of deposit”
What is XM’s MyWallet?
In short, XM’s MyWallet is
“an XM-exclusive fund storage wallet located within the XM member page.”
What is MyWallet used for?
To put it simply,
It’s a place to receive XM rewards and benefits.
Then, it’s a place to transfer those funds to your MT4/MT5 trading account.
In other words, the flow is like this:
Image
Rewards/Benefits → MyWallet → Trading Account → Trade or Withdrawal
This “temporary receiving box” is MyWallet.
According to XM’s information, funds in MyWallet can be transferred to any XM trading account you like.
1) XM’s “Internal Wallet”
MyWallet is an internal balance used only within the XM member page.
For example, it’s not something you can use at outside stores like typical e-money or bank accounts.
What you can do:
Store funds received within XM
Transfer funds to your trading account
What you cannot do:
Use it like a regular settlement account
Pay living expenses
Direct transfers to other services
2) It can be used as a reward system
XM’s official help and guides explain MyWallet as a place to store funds earned through programs.
It’s especially helpful to understand it as a place to store “rewards generated within XM,” such as referral programs and loyalty programs.
In other words, MyWallet is more of a place to temporarily hold money generated within XM, rather than a place to deposit funds from your bank.
3) Funds are generally transferred to your trading account before use
The balance in MyWallet is generally not meant to be used directly as trading funds; it’s best to transfer it to your trading account first.
For example,
If you have MT4 account A
MT5 account B
The advantage is that you can easily decide later which account to allocate funds to. XM allows the use of multiple accounts.
How to Use MyWallet
Using XM’s MyWallet is actually quite simple.
However, it’s important to understand from the start that MyWallet is not your “regular deposit account,” but rather a place to temporarily store and transfer funds within your XM account.
1) How to Open MyWallet
MyWallet is accessed from the XM Member Page (My Page).
The Member Page allows you to deposit, withdraw, transfer funds, and manage your account. It’s accessible from both PCs and smartphone apps.
For PCs:
Log in to the XM Member Page
Open the menu
Select “MyWallet”
For Smartphone Apps:
Open the XMTrading app
Top left menu (≡)
“Member Page”
From there, proceed to MyWallet / Fund-related menu
2) How to Check Your MyWallet Balance
If you have funds in MyWallet,
the “Total Balance” and available balance will be displayed on the MyWallet screen.
Commonly Added Items in MyWallet
Referral Rewards
Some XM In-Program Rewards
Bonus Funds
XM’s friend referral page also states that earned rewards are credited to MyWallet, from which they can be withdrawn or transferred to a trading account.
3) How to Transfer from MyWallet to Your Trading Account (Most Important)
This is the most frequently used method.
Situations for Use
Rewards have been credited to MyWallet
You want to trade with that money
You want to deposit it into your MT4/MT5 account
In this case, you transfer funds from MyWallet to your trading account.
Operation Flow (Very Simple)
Steps
Login to the XM Member Page
Open MyWallet
Select a button related to “Transfer,” “Fund Transfer,” or “Transfer to Trading Account”
Select the account ID of the recipient
Enter the amount
Confirm
The funds will now be reflected in the target account.
XM’s fund transfer guide instructs users to enter their deposit account ID and amount via the “Fund Transfer” section in their member page and submit the request. The funds are stated to be reflected immediately upon completion.
4) How to withdraw funds from MyWallet
This requires some caution.
First and foremost,
Funds in MyWallet cannot always be freely withdrawn directly.
While XM’s guide mentions a withdrawal function in MyWallet, in practice, it’s less confusing to think of it as:
“MyWallet → Trading Account → Withdrawal using the normal withdrawal rules.”
XM Help also has an FAQ regarding the possibility of direct withdrawals from MyWallet.
Understanding Withdrawals (For Beginners)
Pattern A: Cases where withdrawal is possible directly
Some reward-based funds
Funds that meet the eligibility requirements
Pattern B: Cases where it’s easier to transfer to a trading account first
Funds intended for trading
Funds to be processed according to standard withdrawal rules
Funds to match the source of withdrawal and deposit
If you’re a beginner and unsure,
“First, transfer from MyWallet to your trading account.”
This understanding is generally sufficient.
Frequently Asked Questions about MyWallet
This section compiles common questions about XM’s MyWallet, addressing common stumbling blocks for beginners, listed in order of frequency of occurrence.
Note that XM’s explanation describes MyWallet as an internal wallet for storing funds earned through XM’s internal programs, transferring them to your trading account, and requesting withdrawals under certain conditions.
1) What is MyWallet?
It’s an “internal wallet” within XM.
It’s not for external payments like bank accounts or PayPay, but primarily for:
Storing funds received within XM
Transferring funds to your trading account
Requesting withdrawals under certain conditions
In very simple terms:
It’s easiest to think of it as “a place to temporarily hold rewards and bonus money.”
2) What kind of money goes into MyWallet?
Primarily, funds received through XM’s internal programs.
For example, the instructions state:
Referral rewards
Some perks and program rewards
These are examples. XM’s referral page explains that rewards are added to MyWallet, from which you can withdraw or transfer to your trading account.
3) Can I trade directly with the money in MyWallet?
Basically, it’s easier to understand if you transfer the money to your trading account before using it.
In other words, the flow is as follows:
MyWallet → MT4/MT5 account → Trade
XM’s instructions also state that funds in MyWallet can be transferred to any XM trading account.
4) How do I transfer money from MyWallet to my trading account?
It’s quite simple.
Procedure
Log in to your XM Member Page (My Page)
Open the Fund Transfer / Remittance menu
Select the recipient account ID
Enter the amount
Confirm
The XM fund transfer guide instructs you to enter the account ID and amount from the “Fund Transfer” section of your Member Page and submit the request.
A word of advice
For beginners, the most frequently used operation in MyWallet is this “transfer to account” operation.
5) Can I withdraw funds directly from MyWallet?
It depends.
This is a point that is easily misunderstood.
According to XM’s instructions, there are cases where you can request a withdrawal of eligible funds in MyWallet. For example, the friend referral page states that you can withdraw the reward or transfer it to your trading account.
However, for beginners, it’s easier to think of it this way to avoid confusion:
The simplest way to think about it:
To use for trading → Transfer to your trading account
To cash out → Check the withdrawal conditions and submit a withdrawal request
In other words,
It’s safer to understand that “having it in MyWallet doesn’t mean you can withdraw anything you want immediately.”
6) What is the minimum withdrawal amount from MyWallet?
XM’s Partner Rewards FAQ states that the minimum withdrawal amount is $5.
Note:
This is information regarding withdrawal conditions for rewards.
In reality, the appearance may differ depending on the type of funds and the withdrawal destination, so it’s best to check the displayed conditions before pressing the withdrawal button.
コメント