It is important to remember that XM files are "sample-based." MIDI files do not contain audio; they only contain instructions. An online converter will successfully extract the notes and tempo, but you will need to assign new instruments to those tracks in your DAW to hear the music as intended.
: Despite advancements, online conversion tools often face limitations, such as the complexity of accurately converting certain effects or the dynamic range of samples used in XM files. These can result in a converted MIDI file that doesn't perfectly capture the original music's nuance. xm to midi converter online better