XM Weekend Trading and Deposit/Withdrawal Rules

XM Weekend Trading and Deposit/Withdrawal Rules

1. Services that XM offers on weekends

2. XM allows account opening and activation procedures even on weekends

3. XM allows deposit and withdrawal procedures even on weekends

4. XM cryptocurrency trading is available on weekends

5. Services that XM does not offer on weekends

6. Things to note when using XM on weekends

7. XM Weekend-related Questions (FAQ)

Demo accounts can also be opened on weekends.

At XM, you can open not only a real account but also a demo account on weekends. Anyone with an XM account can open an XM demo account for free, and you can conduct demo trades in the same trading environment as a real account. This is recommended for those who want to try out XM’s real trading environment with no risk and without depositing real funds .

You can open an XM demo account on weekends, but trading using a demo account is only available on weekdays (except for cryptocurrency CFDs). If you set up a demo account on the weekend, you can start demo trading smoothly on weekdays. Even if a trade fails with a demo account, there is no need to worry about losses being deducted from your margin, so please use it to practice and test your trades. XM allows you to open up to five demo accounts per account. While XM demo accounts allow you to trade in the same environment as real accounts, please note that there are some differences, such as the impact of wider spreads and slippage during sudden market fluctuations.

To activate your account, you will need to submit identification documents.

XMTrading allows you to register an account and verify your profile on weekends, but you will need to submit identification documents to activate your account . Once your account is activated, you will be able to make deposits, withdrawals, and trades for the first time. You will also be able to receive your account opening bonus (trading bonus) after your account is activated.

To activate your XM account, you will need to submit the required documents (ID and current ID). XM has strict requirements for the documents it accepts, so if you are unable to make the time on weekdays, please use the weekend to prepare and upload the required documents. Please note that it takes 30 minutes to one business day to review and approve the submitted documents. Approval procedures are not carried out on weekends , so if you submit the required documents on a weekend, activation will not be completed until the beginning of the following week, so please allow sufficient time for the procedure.

Account opening and identity verification can also be done via a smartphone app.

XMTrading allows you to register an account, verify your profile, and submit certificates even on weekends, but various procedures can also be done via the XM’s dedicated smartphone app, the XMTrading app , in addition to the web.

The XM app allows you to easily use almost all of the services offered by XM on your smartphone. Not only can you trade, change your trading account settings, and upload supporting documents, but you can also make deposits and withdrawals and make inquiries in Japanese. You can also display charts within the app and trade while performing technical analysis using the built-in indicators. If you want to trade easily, anytime, anywhere, using not only your computer but also your smartphone or tablet, we recommend using the XM app.

Credit card payments are possible even on weekends

XMTrading credit/debit card deposits are reflected on the same day, even if you make the deposit on a weekend . This is very convenient when you need margin for cryptocurrency trading on the weekend and want your deposit to be reflected quickly. Card brands accepted are VISA and JCB, and there are no deposit fees.

XM credit card deposits are reflected immediately even on weekends, but withdrawals take a certain amount of time to be reflected. If you deposit and withdraw using a credit card, the credit card company will process it as a “refund,” so withdrawals will not be reflected until the card’s debit date. Please note that the time it takes for credit card deposits and withdrawals to be reflected differs.

Online wallet deposits and withdrawals are reflected immediately even on weekends

XMTrading supports three types of online wallets : ” bitwallet ,” ” STICPAY,” and ” BXONE, ” and all of them are instantly reflected in your account even if you make a deposit on the weekend . Withdrawals made on the weekend are also completed within 24 hours and instantly withdrawn to your wallet, ensuring smooth fund transfers.

To deposit funds into XM using an online wallet, you must first register with one of the various online wallets and deposit funds into your account. If you plan to use an online wallet to deposit and withdraw funds into XM, please prepare your account registration and deposit funds in advance.

Currently, we are not accepting deposits or withdrawals via STICPAY. If you would like to withdraw funds via STICPAY, please contact support.

Apple Pay deposits are reflected immediately on weekends

XM accepts Apple Pay deposits, and deposits made on weekends are reflected immediately. Apple Pay can be used by registering credit cards, debit cards, etc. in Wallet on your iPhone, iPad, Mac, etc. in advance. Apple Pay is not supported on Windows PCs or Android devices, so when making a deposit, please make sure you are making the deposit using an Apple device (iPhone, Mac, etc.).

Also, please note that if you deposit money into XM using Apple Pay, the only withdrawal method available is bank transfer.

Virtual currency (cryptocurrency) deposits are reflected within an hour, even on weekends.

XM (XM) supports deposits and withdrawals using virtual currencies (crypto assets), and if you make a deposit on the weekend, the funds will be reflected in your XM trading account within a few minutes to an hour. If you make a withdrawal on the weekend, the procedure will be completed within 24 hours and the funds will be transferred to your virtual currency wallet. If you deposit virtual currency into your XM trading account, the amount that can be withdrawn to virtual currency is limited to the amount of the virtual currency used for the deposit. Please withdraw profits via domestic bank transfer (Japan).

You can trade cryptocurrencies using the same account as FX

When trading cryptocurrencies with XM , you can trade them in the same account as you trade FX and other CFD products . There is no need to have separate accounts for FX and cryptocurrencies, so there is no need to split margin or switch accounts. The required margin and margin maintenance rate are displayed together for FX and cryptocurrencies, making it easy to understand your margin balance and manage your funds appropriately. The appeal of XM is that you can use the same account to trade FX on weekdays and cryptocurrencies on weekends, allowing you to trade cryptocurrencies in the exact same trading environment as FX.

However, with XM, it’s important to note that the cryptocurrencies you can trade vary depending on the trading platform you choose . Specifically, MT5 supports a total of 58 cryptocurrencies, while MT4 only handles 28. Don’t worry, major cryptocurrencies such as BTC (Bitcoin) and ETH (Ethereum) are compatible with both MT4 and MT5.

You can trade virtual currencies with leverage

XM’s cryptocurrency CFD trading is a “margin trading” method, similar to FX and stock index CFDs, where margin is used as collateral. Unlike spot trading, where you hold actual cryptocurrencies, you can trade cryptocurrencies with leverage, making it possible to start trading cryptocurrencies with small amounts. At XM, you can trade cryptocurrencies with up to 500x leverage . For example, if you prepare 100,000 yen as margin, you can trade up to 50 million yen worth of cryptocurrencies.

You can try dynamic cryptocurrency trading with a small amount of capital, so even if you only trade cryptocurrencies on weekends, you can still aim for large profits. The maximum leverage applied to cryptocurrency trading at XM varies depending on the product. Please refer to the page below for the cryptocurrencies that can be traded on each trading platform at XM and the maximum leverage for each product.

Click here for a list of XM cryptocurrency CFD product leverages

Tiered margin rates adopted

XMTrading uses a “tiered margin rate” for cryptocurrency CFD trading , and leverage changes gradually depending on the number of lots held. Specifically, the smaller the position held, the higher the leverage, and as the position held increases, the leverage gradually decreases.

XM employs tiered margin rates exclusively for cryptocurrency CFDs to minimize the risk of loss in cryptocurrency trading . Cryptocurrency markets are more volatile than foreign exchange markets, sometimes fluctuating by more than twice the rate of foreign exchange. While highly volatile markets make it easier to aim for large profits, they also result in larger losses in the event of failure. XM limits risk by employing tiered margin rates exclusively for cryptocurrency CFDs to ensure a more comfortable trading experience for customers. The lot size and leverage values ​​based on tiered margin rates vary depending on the product, so please check before beginning cryptocurrency CFD trading.

Click here for details on tiered margin rates for XM cryptocurrency CFD products

Zero cut system adopted

XM employs a “zero cut system” whereby in the unlikely event that a large loss occurs during trading, XM will cover any losses that exceed the margin . XM’s zero cut system also applies to cryptocurrency CFDs, so even if you incur a large loss during cryptocurrency trading, you can rest assured that any negative balance that exceeds your deposit will be compensated without you having to pay a margin call.

No special application or procedure is required to apply for the zero-cut system. If your account balance (margin) becomes negative due to trading losses, you can reset the negative balance to zero by making an additional deposit of an amount equal to or greater than the minimum deposit amount, and the deposit amount will be reflected . Deposits made by credit card or online wallet are reflected immediately, even on weekends, and the zero-cut process is also carried out at that time. There is no limit to the amount of compensation that XM can provide through zero-cut, and there is no limit to the number of times. Please note that even if your funds are negative, the zero-cut system will not apply if your unrealized gains are positive.

Cryptocurrency prices fluctuate more drastically than foreign exchange markets, so while it offers the potential for large profits, it also poses significant risks. XM’s zero-cut system minimizes the risks you face, allowing you to enjoy exciting trading with cryptocurrency CFDs that is unlike any other product.

In addition, we have compiled past inquiries from many customers in the ” XM Help Center .” If you have any questions, please check the Help Center first.

Trading in products other than cryptocurrency CFDs

At XMTrading, you can trade cryptocurrency CFDs on Saturdays and Sundays, but you cannot trade instruments other than cryptocurrency CFDs on Saturdays and Sundays. Instruments other than cryptocurrencies, such as FX, precious metals , crude oil , stock indices, and stock CFDs , can only be traded when the financial markets are open. Trading is possible as long as any global market is open, but please note that all markets are closed on Saturdays and Sundays, so you cannot trade instruments other than cryptocurrency CFDs.

Withdrawal procedure reflected

At XMTrading, you can make deposits and withdrawals on weekends, but it may take some time for the funds to be reflected. In particular, withdrawals to bank accounts will not be reflected on weekends because financial institutions are not open.

The time it takes for XM withdrawal procedures to be reflected varies depending on the withdrawal method. If you withdraw from an online wallet, the funds will be reflected on the same day, but it will take several days for the funds to be transferred (deposited) from your online wallet to your bank account. There is no way for funds to be reflected in your account from your XM account on weekends, so if you are thinking of withdrawing, please make sure you allow plenty of time to complete the procedure.

Adding orders to existing positions

At XM, it is possible to hold positions over weekends, even for products other than cryptocurrency CFDs (such as FX and stock index CFDs). However, please note that additional orders for existing positions cannot be placed on weekends . The following orders are not reflected on weekends at XM:

Orders that are not reflected on weekends

Even if a major economic event or geopolitical risk occurs on the weekend, the above orders will not be executed until early Monday morning when the market opens. If there is a possibility that you will carry over a position over the weekend, we recommend that you take measures in advance to deal with sudden price changes, such as settling or adjusting your position on Friday.

For trading outside XM trading hours, click here

For details on XM’s prohibitions, click here

Trading is allowed as normal on Japanese public holidays

At XMTrading, trading other than cryptocurrency CFDs and some services are not available on weekends, but on Japanese holidays, the same services as on weekdays are generally available . As financial markets are also active, trading using FX and stock index CFDs is also possible on Japanese holidays.

XM is based overseas, so it does not rely on the Japanese calendar. Financial markets are closed on weekends around the world, but public holidays vary by country, and FX trading is possible as long as a market is open somewhere in the world. However, please note that deposit and withdrawal procedures involving Japanese financial institutions will be reflected after the holidays.