The facts
UPI
Yes
All deposit & withdrawal methods
UPI (deposit), Bank wire, Visa/Mastercard, Skrill, Neteller, Local bank transfer
Crypto (USDT)
Not published
Withdrawal time
Processed within 24h; ~93% auto-approved; e-wallets same day, cards/bank 2-5 business days
RBI Alert List
Listed
Data as of 2026-10-24, from XM's own site and the sources on its full review. RBI list: RBI press release 2025-2026/1530, 19 Nov 2025.
Questions
Can I deposit to XM with UPI?
Yes. XM accepts UPI from Indian clients (deposit).
Can I withdraw from XM to my Indian bank account?
XM publishes: Processed within 24h; ~93% auto-approved; e-wallets same day, cards/bank 2-5 business days. Methods: UPI (deposit), Bank wire, Visa/Mastercard, Skrill, Neteller, Local bank transfer.
Is it legal to fund XM from India?
XM is on the RBI Alert List of unauthorised forex platforms (list of 19 Nov 2025). Under FEMA, Indian residents may trade forex only in permitted forms on authorised platforms.
Which forex brokers accept UPI?
Brokers where we've confirmed UPI include Exness, Octa (OctaFX), STARTRADER, Xellion Markets, NordFX. Check each one's RBI Alert List status before funding.