May 24, 2016

Question:What is a "Swift Code" required for deposit/withdrawal on XM MT4 and MT5?



A SWIFT code is the unique identification code that is used when transferring money between banks.

Every bank has its own SWIFT code.

If the bank is not adopted for international wire transfer, then it may not have one.

International Bank Wires transfers will not be able to be processed without a SWIFT code.

Call your bank to get your SWIFT code for placing a deposit or withdrawal request by bank wire.

Making a deposit to XM MT4 and MT5

XM provides traders with number of different deposit methods including Bank wire transfer, Online wallet and Credit/Debit cards.

In case you choose to send money and deposit into your MT4 or MT5 account via international bank wire transfer, you are required to provide necessarily bank information to your bank, in order to perform the deposit.

The required information can be found in XM’s Client Portal.

Please login to your account from the official website, and find the details and full information.

XM Official Website

Making a withdrawal from XM MT4 and MT5

To withdraw your profit, you may need to use ‘International bank wire transfer’ option if other withdrawal methods are unavailable.

In this case, you need to provide your bank account information to XM.

The information must be correct one of your bank account, otherwise the transfer will be failed and the fund will be transferred back to XM’s account.

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