XMTrading members can transfer funds between accounts, so we will explain how to do it. There is also a possibility that bonuses will disappear, so we will also explain the conditions and precautions. XMTrading allows you to freely transfer funds if you have multiple accounts. XMTrading allows you to have up to eight accounts, so there must be many people who transfer funds between accounts.
Is it possible to have multiple accounts?
XM allows you to operate multiple trading accounts, so we recommend it. Please refer to the following article for the account opening procedure. It is very convenient because you can create and operate many accounts. Many brokers allow you to open multiple accounts. Take a look at the information on the page when you have time. There is no particular risk for traders. You can move between demo and real accounts.
Transfer funds between accounts
We will explain the method and procedure for transferring funds between XMTrading accounts. Overseas Forex companies always have this function, and member users can move amounts freely by following the rules. You can do this by logging in to My Page from the official website. It is easy to use and the funds are reflected in the target account immediately, so you can invest immediately and feel safe. I’ll explain it with images, so let’s follow how to exchange money and what it entails. If you don’t understand, the support desk will help you.
open my page
You can transfer XM funds at any time from My Page. First, log in to My Page. Officially, you can easily do this with a button. It is also compatible with the app. Reception will be immediate.
Select funds transfer
Select “Fund Transfer” from the menu above My Account.
Select the account ID and deposit amount of the transfer destination (funds transfer destination)
When you click “Transfer funds”, the screen “Transfer funds between accounts” will be displayed as shown in the picture above. Enter the “Deposit Account ID” and “Deposit Amount” of the transfer destination. Please note that the minimum deposit amount must be 500 yen or more.
send request
After entering the account number and deposit amount to which you want to transfer funds, click “Send Request” at the end. At the same time, you will receive an email from XM titled “Internal Remittance Notice”. This completes the process.
Points to note when transferring funds between accounts
The method for transferring funds between accounts has been explained above, but there are some caveats that come with this. Since we have multiple licenses from the Financial Services Agency, we won’t have any major problems, but there are rules. You may receive a warning if you do not do it in the correct way. Please check.
move the bonus
When transferring funds between XM accounts, the bonus will also be transferred at the same rate. Please note that the bonus will also be transferred at the same rate as the balance transferred. Be careful when withdrawing funds later from the tool. Frequently asked questions, CFDs, currency pairs, and spread calculation tools are also officially provided in a list. Please take a look later.
Only the bonus cannot be moved
When transferring funds between XM accounts, the bonus will be transferred by the same percentage. However, you cannot transfer only the bonus. Only cash balances can be transferred at XM. When accessing from the operating company’s homepage and transferring funds for the first time, be sure to read the terms of use. They are written in a very detailed manner, from an overview to the details, so customers can understand.
Zero Account / KIWAMI Kiwami Account
If you transfer funds from a standard account or micro account that reflects a bonus to a zero account or a KIWAMI polar account, the bonus in the account from which the funds were transferred will disappear. This is because XM’s zero account and KIWAMI polar account are not originally eligible for the bonus campaign.
XMP does not move
At XM, you earn XM points every time you trade financial services. XM points are accumulated in your account and are separate from account bonuses. In other words, XM points do not move even if you transfer funds between accounts. Partners need to check not only financial products but also programs now.
Transferring funds between the same account/activated accounts
Transfer of funds between accounts is only possible between the same account or between activated accounts. XM prohibits the transfer of funds to accounts in the name of others or to accounts that have not been activated.
Transferring funds while holding a position
When transferring funds from an account that has a position, a limit is imposed by the margin maintenance rate. If you want to transfer funds, do so after closing all positions.
Transferring funds between accounts with different base currencies
There is a disadvantage that a fee will be charged when transferring funds between accounts with different base currencies. Normally, there are no fees when transferring funds between accounts with XM. If the source and destination base currencies are different, a 0.3% exchange fee will be incurred.
Open an account for free
XM allows you to open an account for free. Please refer to the following article for more information. Each investor can trade quickly and freely choose their own account type. Scalping is also available, so start earning profits right away.
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