XM Minimum Deposit
How much to trade with XM from Kenya?
| XM Minimum Deposit | USD 5 |
|---|---|
| Deposit Methods | Local Bank Transfer,e-Wallets |
| Account Types | Premium Account,Pro Account |
| Deposit Fees | No fees |
| Account Base Currencies | USD, ZAR, AUD, EUR, GBP, SGD, CHF, JPY, HUF, PLN |
| Withdrawal Fees | No fees |
| 💰 Minimum Deposit Micro Account | $5 |
| 💰 Minimum Deposit Standard Account | $5 |
| 💰 Minimum Deposit Ultra-Low Account | $5 |
| 🎁Deposit Bonus | Yes |
| 🏧 Minimum Withdrawal (all accounts) | $3 |
| 💱KES base currency | No |
| 💨Fastest Deposit Method | Online Bank Transfer (instant) |
| 🏦Deposit Fees | $ 0 |
| 🐷Online Wallet System | No, deposits go straight to your trading account |
What is XM Minimum Deposit on Micro Account?
XM minimum deposit on their Micro Account is $5 but when converted to KES, it becomes 650 KES. The XM Micro Account restricts your trade size to micro lots which means any profits/loses you make will be very small.The Micro Account is for learners who want the emotional feeling of trading with real money, while not over-exposing themselves to big losses.
What is XM Minimum Deposit on Standard Account?
XM minimum deposit on their Standard Account is $5 & when converted to KES it becomes 650 KES.
The XM Standard Account has no lot size restriction so while you can trade bigger lot sizes. you are exposed to the risk of higher losses.What is XM Minimum Deposit on its Ultra-Low Account?
XM minimum deposit on the Ultra-Low Account is $5 & when converted to KES it becomes 650 KES.
The XM Ultra-Low Account has the advantage of no overnight fees on popular forex pairs & a lower spread. However, Ultra-Low Accounts cannot benefit from XM deposit bonus
Does XM Have KES Base Currency?
No, XM does not have KES account currency, XM accounts come in USD currency by default..
Does XM Accept KES Deposit?
Yes, XM accepts KES deposits & but any KES deposits will be converted to USD at a currency conversion fee.
Does XM Charge Deposit Fees?
No, XM does not charge deposit fees. However, currency conversion fees ,may apply of you are depositing in a currency different from your account currency.How To Claim XM Bonus
XM offers a 50% bonus up to $500, & 20% bonus up to $4,500. This bonus is for both old & new XM traders.
You are meant to trade with this bonus and only the profits can be withdrawn.
Users of the XM Ultra-Low Account & XM Shares Account cannot participate in the XM bonus.
To claim the XM bonus, you must make a deposit of $5 or higher.
Can I Transfer Money From My Bank App To XM?
Yes, you can transfer money from your mobile banking app directly into your XM trading account.
To transfer you need to login to your XM Personal Area, select online bank transfer, & copy the account number that is displayed on your screen.
The next step is you logon to your mobile banking app and transfer money to the account number you copied from your XM Personal Area.
Do not close the banking app till you get a notification that your transfer is successful. Also ensure you make the transfer fast as the account number you copied expires after some minutes.
Can I Deposit From My Friends Account?
No, you cannot deposit from any account that does not belong to you. Remember when you opened your XM account you submitted your BVN so the system compares the account name to your BVN details.
Can I Transfer Between My Various Trading Accounts?
Yes, XM allows you open up to 8 trading accounts so you can execute internal transfers, between them.
Can I Deposit During An Ongoing Trade?
Yes, you can deposit into your trading account while you are trading. The deposit goes straight into your trading account & boosts your available equity.
This is why XM does not have an online wallet where deposits enter because it will mean that during an active trade, you have to perform another transfer from your wallet to your trading account which will take time.
Why Has My Deposit Not Reflected?
You Inputted The Wrong Amount
When you login to your Personal Area, you are meant to input your desired deposit amount. By the time you log into you banking app you must input the same amount if not the deposit might be returned.
You Transfer Expired
From the time XM generates an account number for you to transfer your deposit to, you have about 20 minutes to transfer funds into the account.
After the grace period. the account number that was generated is no longer useful & you must regenerate a new account number.
How Can I Contact XM in Kenya?
XM can be reached via their support email address on their website, or via live chat.
If you have any issues with your deposits you can send a mail first, then follow up with the live chat.