Xm loyalty deposit bonus

Even though getting a deposit bonus is easy with that broker, the withdrawal procedure is not that primitive.

No deposit forex bonuses

And is rather targeted to make traders leave the funds on their accounts. If you are the part of the executive loyalty program, then you will receive 10XMP per lot straight away. If you are the gold loyalty program’s member, then you will receive 13XMP per lot after at least 30 days of trading. If you are a member of diamond loyalty program, then you will be guaranteed to receive 16XMP per lots only after 60 days of trading on the platform. Finally, if you are the holder of elite loyalty program, then you will be provided with 20XMP per lot after 100 days of trading with XM broker.

XM deposit bonus: policies and limitations

Platform

Expiration

Min. Volume

If you are someone who trades on the forex market for a while now, you shall definitely know the XM forex broker. As that is undeniably one of the most reliable and trustworthy ones out there. However, if you are a beginner, you shall undeniably consider taking a look at it. This is a broker you should go for if you are looking for trust and reliability, as well as if you are seeking for the beneficial XM deposit bonus.

With the metatrader 4 and metatrader 5 platforms, the brokerage gives you a wide spectrum of ways to increase your trading profit. Moreover, that allows you to get the deposit bonus we will talk about in more details in that article. Reliability is vital for one to make a deposit with a broker and this is why we have decided to highlight the main points of the XM deposit bonus. However, now without any hidden conditions, XM gives you an impulse with their new deposit bonus for you to start trading right away. Should you or shouldn’t you go for it? Find out in the XM bonus review!

XM deposit bonus description

XM forex broker guarantees that your account will be increased by 50% for any deposit below $1,000. Thus, if you deposit, for instance, $50, then you will get an additional bonus of $2.50. And your trading capital will reach $7.50.

However, the maximum amount of the bonus that might be received equals $500. That means that you are granted a 50%-bonus only until your deposit does not exceed $1,000.

Once your deposit amount is more than $1,000, you will still have that 50% added on the first $1,000 of your deposit. Also, 20% will be given as a bonus for any amount more than that.

This means if you deposit an amount of USD $22,500, your account balance will become USD $28,500. The math on this is pretty simple and you can see it in more details in this table:

Any account holder can have his own bonus! No matter if you are a new customer or have been trading with XM for years. However, as you see from the table above, the biggest bang for your buck can be achieved with actually a $1,000 worth deposit.

XM bonus limitations

That is important to mention that the bonuses are not available on the XM ultra low account, as well as on the XM shares account.

This is not a limited one-time deal offer. If a client an XM bonus deposit worth $250 four times, $125 will be added each time to the account until it reaches the $1,000. However, the maximum bonus a person can receive is $5,000. Trading bonus is there to help new and existing clients to hold their positions open for a longer period. XM forex bonus is not eligible for clients registered under trading point of financial instruments ltd and trading point of financial instruments UK ltd.

XM trading bonus withdrawal policies

Even though getting a deposit bonus is easy with that broker, the withdrawal procedure is not that primitive. And is rather targeted to make traders leave the funds on their accounts.

Therefore, when you are trying to withdraw funds from your XM bonus account, the broker will charge you with the amount of the bonus that will be proportional to the amount of the funds for withdrawal. Just to illustrate: imagine you deposited $1,000 and you were given $500 as a bonus (50%). Then you decided to withdraw $250 (25%) out of $1,000 available, as you still can’t withdraw the bonus. As a result, a total sum of $125 (25% of the bonus) will be removed.

But, for instance, if you have managed to generate some additional profit, then the picture will be a bit different. Imagine that you have deposited $1,000, received a $500 worth XM deposit bonus, and things turned out to be great for you. And you gained a profit of $2,000 from trading. Now you have $3,000 available to withdraw and you want to take them all out of the account. In that case, $500 of the bonus will be removed just because that will equal 100%. Maybe the table will help you to understand that easier:

Another XM bonus program

XM forex broker is constantly coming up with innovative bonus programs that will ensure that traders will stay loyal and interested. Thus, augmented XM points service was recently launched as an added bonus one may use while trading on the platform. You can subscribe and unsubscribe to that any time you want without any restrictions.

XMP has a status of reward for the loyal customer. Thus, as you trade, you received those bonus points that might be later transferred to the monetary bonus. That can be calculated in the following way:

However, in order to received XMP in the first place, you need to create an account and sign up for the loyalty program. There are several you may choose from XM executive, XM gold, XM diamond, XM elite.

If you are the part of the executive loyalty program, then you will receive 10XMP per lot straight away. If you are the gold loyalty program’s member, then you will receive 13XMP per lot after at least 30 days of trading. If you are a member of diamond loyalty program, then you will be guaranteed to receive 16XMP per lots only after 60 days of trading on the platform. Finally, if you are the holder of elite loyalty program, then you will be provided with 20XMP per lot after 100 days of trading with XM broker.

So, imagine you have 10,000XMP gained and you have decided to redeem 3,000XMP. Then, according to the formula provided above, you will receive $1,000 of bonus and will still have 7,000XMP on your account to convert and withdraw later.

However, there are some details worth mentioning when it comes to withdrawal of XMP from an account. For instance, you have 3,000XMP to redeem and you have gained an additional $1,500 while trading that you are allowed to withdraw. You have decided to withdraw only the part of it, $750, which is 50% of the total sum stored on the account. That means that the same 50% will be removed from your XMP bonus, which will equal $500 (3,000XMP / 3= $1,000). Take a look at the table below to understand the process better:

XM broker account types

There are various account options available while registering with the XM broker. Thus, you can choose between micro, standard and XM ultra low one. They differ depending on the size of lots, as well as the minimum deposit rate and leverage, availability of the bonus.

The micro account has a leverage of 1:1 to 1:888, the spreads can be as low as 1 pip, the minimum deposit can be $5, the minimum trade volume is 0.01 lots, and there is no commission charged. However, you won’t be able to obtain an XM deposit bonus on that account.

The standard account has a leverage of 1:1 to 1:888, the spreads can be as low as 1 pip, the minimum trade volume is 0.01 lots, the minimum deposit is $5 as well. And you can obtain bonus using that account.

The XM ultra low account has a leverage of 1:1 to 1:888, the spreads can be as low as 0.6 pip, the minimum deposit should be at least $50, the minimum trade volume is 0.01 lots, and there is no commission charged. And you cannot get the bonus on that account as well.

Among the currencies available for trading there are:

Advantages

Even though we would recommend you to open an account with XM, there is one big benefit of the XM deposit bonus. It comes with a multi-account availability. When an XM bonus deposit comes to an account and then it’s transferred to another one, the bonus value will be transferred as well! The system calculates the share of the bonuses that should be transferred and makes sure you get an equal proportion on your other account. This is quite comfortable, as many brokers would simply remove your bonus if you try to move funds from one account to another.

Subscribe to receive updates about FX bonuses

Be the first one to find out about available forex trading bonuses that can be trusted

XM company news

XM steps up welcome and loyalty bonuses to 50%

XM is glad to announce a new bonus promotion: a 50% welcome bonus and a 50% loyalty bonus.

The benefits of the previous bonuses have been more than beneficial for XM clients, and this is the reason why both the existing welcome and loyalty bonuses have been stepped up to 50%.

XM offers both bonuses for trading purposes and to help clients hold their positions open with a higher margin level. Clients can claim the 50% welcome bonus on first deposits, up to a cumulative bonus amount of USD 2000, while the 50% loyalty bonus is given on every subsequent deposit, reaching a maximum bonus amount of USD 1000. Clients’ accounts are credited with the bonus amounts within 24 hours and available for trading right away.

Important notification – january bank holiday
january 5, 2021 at 11:38 am GMT

XM donates to doctors without borders
january 4, 2021 at 1:02 pm GMT

XM donates to dompet dhuafa
december 24, 2020 at 7:00 am GMT

XM supports families and children
december 23, 2020 at 7:50 am GMT

Market holiday schedule and season’s greetings
december 21, 2020 at 2:09 pm GMT

Important notification – january bank holiday
january 5, 2021 at 11:38 am GMT

XM donates to doctors without borders
january 4, 2021 at 1:02 pm GMT

XM donates to dompet dhuafa
december 24, 2020 at 7:00 am GMT

XM supports families and children
december 23, 2020 at 7:50 am GMT

Market holiday schedule and season’s greetings
december 21, 2020 at 2:09 pm GMT

Investment research

Legal: this website is operated by trading point of financial instruments limited, registration number HE251334, with registered address at 12 richard & verengaria street, araouzos castle court, 3rd floor, 3042 limassol, cyprus.

Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.04% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Please consider our risk disclosure.

Trading point of financial instruments limited provides investment and ancillary services to residents of the european economic area (EEA) and the united kingdom.

This website uses cookies

By clicking “continue”, you agree to the default cookie settings on our website.

XM uses cookies to ensure that we provide you with the best experience while visiting our website. Some of the cookies are needed to provide essential features, such as login sessions, and cannot be disabled. Other cookies help us improve our website’s performance and your experience through personalising content, providing social media features and analysing our traffic. Such cookies may also include third-party cookies, which might track your use of our website. You may change your cookie settings at any time.

For more information please read our cookie policy.

This website uses cookies

By clicking “continue”, you agree to the default cookie settings on our website.

Read more, or change your cookie settings.

What are cookies?

Cookies are small data files. When you visit a website, the website sends the cookie to your computer. Your computer stores it in a file located inside your web browser.

Cookies do not transfer viruses or malware to your computer. Because the data in a cookie does not change when it travels back and forth, it has no way to affect how your computer runs, but they act more like logs (i.E. They record user activity and remember stateful information) and they get updated every time you visit a website.

We may obtain information about you by accessing cookies, sent by our website. Different types of cookies keep track of different activities. For example, session cookies are used only when a person is actively navigating a website. Once you leave the website, the session cookie disappears.

Why are cookies useful?

We use functional cookies to analyse how visitors use our website, as well as track and improve our website’s performance and function. This allows us to provide a high-quality customer experience by quickly identifying and fixing any issues that may arise. For example, we might use cookies to keep track of which website pages are most popular and which method of linking between website pages is most effective. The latter also helps us to track if you were referred to us by another website and improve our future advertising campaigns.

Another use of cookies is to store your log in sessions, meaning that when you log in to the members area to deposit funds, a "session cookie" is set so that the website remembers that you have already logged in. If the website did not set this cookie, you will be asked for your login and password on each new page as you progress through the funding process.

In addition, functional cookies, for example, are used to allow us to remember your preferences and identify you as a user, ensure your information is secure and operate more reliably and efficiently. For example, cookies save you the trouble of typing in your username every time you access our trading platform, and recall your preferences, such as which language you wish to see when you log in.

Here is an overview of some of the functions our cookies provide us with:

Verifying your identity and detecting the country you are currently visiting from

Checking browser type and device

Tracking which site the user was referred from

Allowing third parties to customize content accordingly

This website uses google analytics, a web analytics service provided by google, inc. ("google"). Google analytics uses analytical cookies placed on your computer, to help the website analyze a user's use of the website. The information generated by the cookie about your use of the website (including your IP address) may be transmitted to and stored by google on their servers. Google may use this information to evaluate your use of the website, to compile reports on website activity and to provide other services related to website activity and internet usage. Google may also transfer this information to third parties, where required to do so by law, or where such third parties process the information on behalf of google. Google will not associate your IP address with any other data held. By using this website, you give your consent to google to process data about you in the manner and for the purposes set out above.

XM bonus & loyalty program description

XM is the broker that offers the most amazing bonus program in the world.

There are a variety of bonuses available, so it may be difficult to understand at first. However, there are significant benefits if you use it well.

Overview of XM bonus

XM offers several types of bonuses as follows.

■ account opening bonus
①30USD when opening account

※* XM zero account can be used only for “① account opening bonus”. ②③④ are not available for XM zero accounts.

And this bonus cannot be withdrawn!

Some people may think this way.

The bonus you get doesn’t mean you can use it freely.
The bonus can only be used as equity in trading.
(it is actually expressed as credit. Detailed functions of credit will be explained in detail later.)

In fact, the benefits of increasing equity in trading are enormous.
For traders, it is not possible to withdraw money, but it has the same effect as increasing money.

However, please be aware that if you withdraw money from your account, the bonus will also disappear depending on the balance / withdrawal ratio.

Benefits of increasing equity are huge

In forex trading, it is possible to trade more than your own funds by using leverage.

If equity is doubled by bonus, there are the following advantages.

Earn twice as much profit

For example, suppose you have adopted the following transaction logic:

-take profit when equity increases by 5%
-stop loss when equity goes down 2%
-expected win rate is 60%

If the equity doubles, you can naturally trade with twice the lot size.

Assuming you have traded 100 times, the difference is as follows:
(this is a very simplified calculation)

When starting at 500 USD …

once P/L	times	total P/L
lose	-10USD(-2%)	40	-400USD
win	+25USD(+5%)	60	+1500USD
total	100	+1100USD

When starting at 1000 USD …

once P/L	times	total P/L
lose	-20USD(-2%)	40	-800USD
win	+50.SD(+5%)	60	+3000USD
total	100	+2200USD

in this way, if the equity is doubled by the bonus, you can get double profits with the same trading rules.

Delay stop out

If the price moves contrary to the direction of the position, the position will be forcibly closed if the margin level falls below the specified value.
This is called “stop out”.

The margin level for stopout varies from broker to broker and is around 20% to 100%.
（XM has 20% stopout level and wide tolerance.）

Margin level calculation formula

Margin level＝ equity ÷ margin requirement
（equity : amount that reflects trade profits and losses in the account balance）
（margin requirement ＝ transaction currency amount × current rate ÷ leverage）

The margin level formula is a little confusing.

The important thing is that as the equity increases with the bonus, the margin level can be kept high and the timing of the stopout can be delayed.

■when there is little equity

■when there is large equity

in the case of trade styles that aims for profit while enduring certain amount of equity drawdown, larger equity will definitely be advantageous. 。

However, trade styles that wait for market reversals while allowing large equity losses will naturally increase the chances of winning, but you must be prepared to risk losing all at once.

What is “XMP”? Exchangeable for bonus!

XMP means xmtrading points. The more you trade with XM, the more points you accumulate.

What can be done with XMP?

Earned XMP can be exchanged for credit bonuses that serve as equity for trading accounts.

Works the same as account opening bonus and deposit bonus.
(withdrawal is not possible)

Exchange rate is “credit bonus (USD) = XMP ÷ 3”

As already explained, there are various benefits to increasing equity.

Previously, it was possible to exchange for cash that can be withdrawn at a ratio of “XMP ÷ 40”. However, it is currently not possible to exchange for cash.
Also, even if you can exchange it for cash, the exchange rate is very low at 1/40, so it is better to choose to exchange for credit bonus.

How much can we get XMP?

The amount of XMP earned varies depending on the status.
The higher your status, the bigger your XMP gain.

There are four levels of status: “EXECUTIVE”, “GOLD”, “DIAMOND”, and “ELITE”.

The condition for high status is determined only by the number of days of trade.

Status	status conditions	XPM earned (per 1 lot)
EXECUTIVE	initial status	10 XMP/1 lot
GOLD	30+ days trade	13 XMP/1 lot
DIAMOND	60+ days trade	16 XMP/1 lot
ELITE	100+ days trade	20 XMP/1 lot

please note that if there is no transaction for a certain period of time, it will revert to the initial status of “executive”.

If you have been trading for XM for more than 100 days, you can earn 20XMP per lot.

When 20XMP is converted into a credit bonus, 20XMP ÷ 3 = 6.6 USD.

This means that you can earn 6.6 USD for every 1 lot of transactions.

Some people may think this way.

I think it’s easier to understand if you think that the spread that is the trade cost will decrease.

In the currency pair EURUSD, a gain of 6.6USD per lot requires a 0.66pips price movement.
(in the following, rounded off and expressed as 0.7pips.)

In other words, the fact that 6.6USD can be earned in one lot trading can be regarded as narrowing the spread by about 0.7pips.

The spread of the EURUSD pair of the XM standard account is about 1.6pips at normal time, so you can think that the spread has narrowed to 0.9pips.

This is a huge advantage. The EURUSD spread is 0.9pips without commission. This is a transaction cost comparable to other brokers’ ECN accounts.

Of course, it doesn’t really mean the spread will be narrowed.

To make it easier to get a numerical feeling, I just replace it with “bonus get” → “cost is reduced”.

To make it easier to get a numerical feeling
I just replace it with “bonus get” → “cost is reduced”.

Increasing the amount that serves as equity is as good as narrow spreads.

Representation of “bonus(=credit)”

I have explained that the bonus works the same as the equity.
I will explain how it is actually written and how it works.

Bonuses are represented as “credits” on your account.
It is expressed as “credit” on both MX member pages and MT4 terminals.

■balance
⇒amount that reflects the profit and loss of trades in deposits and withdrawals. If you do not have a position, “balance = amount available for withdrawal”.

Bonus (= credit) is not added to the balance.
On the other hand, it is added to equity.

If a loss occurs due to the closing of the position, the balance will decrease.

In addition, credits will decrease if losses exceed the balance.

If your credit goes to zero, the game is over.

Notes summary of XM bonus & XMP

The XM bonus program has great benefits and should be used.
Here are some notes regarding the use of bonuses as reference information.

Notes on opening account 30USD bonus

Notes on deposit bonus

Notes on XMP

General bonus notes

Summary of XM bonus program

XM offers the best bonus program in the world.

Withdrawing money is not possible, but it is a great advantage that equity is up to twice as much as the deposit amount. Of course, the profits gained from the trade can be withdrawn.

With XM, you can get the chance to make a big profit with the least amount of money.

And you can get 30USD bonus just by opening an account.
XM’s standard account has a maximum leverage of 888 times. (maximum leverage varies by region)
even with no deposit, you can trade for free with trading bonus of 30USD for small lot sizes.

Some people have the impression that XM’s standard account has wide spread.
However, considering the excellent execution and low hidden costs, and the XMP you can get each time you trade, the costs are not high.

You should take advantage of the XM bonus once.

Even if you use a different broker for the main account, you can consider using it as a sub-account because the benefits of trading with the bonus of XM are great.

XM company news

XM steps up welcome and loyalty bonuses to 50%

XM is glad to announce a new bonus promotion: a 50% welcome bonus and a 50% loyalty bonus.

The benefits of the previous bonuses have been more than beneficial for XM clients, and this is the reason why both the existing welcome and loyalty bonuses have been stepped up to 50%.

Important notification – january bank holiday
january 5, 2021 at 11:38 am GMT

XM donates to doctors without borders
january 4, 2021 at 1:02 pm GMT

XM donates to dompet dhuafa
december 24, 2020 at 7:00 am GMT

XM supports families and children
december 23, 2020 at 7:50 am GMT

Market holiday schedule and season’s greetings
december 21, 2020 at 2:09 pm GMT

Important notification – january bank holiday
january 5, 2021 at 11:38 am GMT

XM donates to doctors without borders
january 4, 2021 at 1:02 pm GMT

XM donates to dompet dhuafa
december 24, 2020 at 7:00 am GMT

XM supports families and children
december 23, 2020 at 7:50 am GMT

Market holiday schedule and season’s greetings
december 21, 2020 at 2:09 pm GMT

Investment research

Trading point of financial instruments limited provides investment and ancillary services to residents of the european economic area (EEA) and the united kingdom.

This website uses cookies

By clicking “continue”, you agree to the default cookie settings on our website.

For more information please read our cookie policy.

This website uses cookies

By clicking “continue”, you agree to the default cookie settings on our website.

Read more, or change your cookie settings.

What are cookies?

Cookies are small data files. When you visit a website, the website sends the cookie to your computer. Your computer stores it in a file located inside your web browser.

Why are cookies useful?

Here is an overview of some of the functions our cookies provide us with:

Verifying your identity and detecting the country you are currently visiting from

Checking browser type and device

Tracking which site the user was referred from

Allowing third parties to customize content accordingly

XM review

Editors summary

XM seem to have the answers to all of your questions, perhaps even the ones you haven't thought of. They are considerate of new and experienced traders and work hard to cater to every trading need. They are licensed by cysec, mifid (EU regulators) and the FCA (UK financial conduct authority). If you are looking for an informative, safe and technically advanced broker, then this is a wise choice.

Risk warning: the products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad disclosure: some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

Introduction

XM group is a trio of regulated online brokers. Trading point of financial instruments ltd was established in 2009, and it is regulated by the cysec (cysec 120/10), trading point of financial instruments pty ltd was established in 2015, and it is regulated by the ASIC (ASIC 443670), and trading point of financial instruments UK ltd was established in 2016, and it is regulated by the FCA (FCA 705428).

There are many benefits to using XM, whether you are new to trading or if you are a more established trader. The technology that they use is advanced, their trade features and payouts are excellent and they offer several bonuses to encourage new and experienced traders. As a company, they are highly visible with excellent customer support.

While you may have your doubts over which broker you should be using, we are here to guide you. Our comprehensive review of XM, along with all of our other reviews, are designed to give you enough detail for you to make an informed decision. The facts are all there; it is down to you to decide whether this is the broker for you.

Account types

There are four CFD trading account types available with XM. While there are many similarities between each account, there are some noticeable differences.

Micro account

The micro account requires a minimum deposit of $5 deposit to open but attracts a welcome bonus of up to 50% for the first $1,000 deposited. There are seven base asset options, 1 lot is 1,000, and the leverage ranges from 1:100 to 1:500. The spreads on majors are as low as 1 pip.

Standard account

With a standard account, you get everything you would with a micro account, but the significant difference is the contract size. Instead of 1 lot being 1,000 it is 100,000, and the lot restriction is 50 instead of 100.

Zero account

The zero account offers a lower spread on the majors; it requires a deposit of $100 and commission is available on client referrals.

Ultra low account

Finally, the ultra-low account allows you to trade with either micro or standard lots, it includes lower spreads starting from 0.6 pips, and it has a minimum initial deposit of just $50.

Demo account

A free demo account is available to everyone who signs up to the website; however, it doesn't require a deposit to enable access.

Trade features and payouts

XM offers several trading features as you would expect. They are very competitive and in some cases, ahead of the competition.

Leverage

To increase your investment and help you to achieve higher capital, most CFD brokers offer you the option to leverage your money. XM offer a leverage opportunity of 1:30; this is the maximum you can achieve. This leverage applies to all EU regulated entities of the group. Other entities offer increase leverage. Leverage also depends on the financial instrument traded and on your country of residence.

Spreads

The spreads on offer depend on the type of account that you have. With the micro and standard accounts, the spreads are as low as 1 pip. If you have a zero account, then spreads as little as 0 pips are available.

Stop loss

The great thing about stop loss is that it enables you to automatically stop your trade when it gets to the desired point. You don't have to be online. You just set the position that you want the trade to stop at, and the platform will do the rest for you. This is a feature offered by many brokers including XM.

Platform types

XM boasts a massive 16 trading platforms. This is because they offer traders both MT4 and MT5 platforms across a multitude of operating systems and devices. With more than 1000 instruments which can be traded on these platforms, including forex, stocks cfds, commodities cfds, equity indices cfds and crypto cfds, you'll not be limited on choice. You can choose to use either software across web, windows, mac, android or ios.

Bonuses and promotions

Now while many brokers offer both forex and cfds, not all of them provide a CFD bonus to new traders. XM offers not only a welcome bonus but a $30 no deposit bonus. They clearly state that it is non-withdrawable so you are required to trade with it however the profits are withdrawable. This is good news for new traders as it means is that you can open an account and try before you buy.

In addition to the no deposit bonus, there is also a two-tier deposit bonus system. For those depositing up to $1,000 you can get 50% bonus with a further 20% being available up to a maximum of $5,000. This is a tidy sum for those who are looking to invest more. The bonus is instantly credited and is available on a minimum deposit of just $5.

* note - bonuses are not eligible for clients registered under trading point of financial instruments ltd and trading point of financial instruments UK ltd.

Mobile trading

With so many options for living life online, there is no longer a requirement to be in one place glued to a laptop or desktop. With a range of portable devices, that can do so much; there is much more opportunity to live life on the move. This extends to mobile CFD trading.

You will struggle to find a better mobile trading experience than you will get on the XM trading platform or should we say platforms? Because of their extensive options to choose MT4 or MT5 for a variety of devices, there is much to choose. You can use MT4 or MT5 for iphone or ipad. Then there are the android versions and the mac versions. The mobile trading opportunity is so excellent that all you need is the right device and an internet connection.

XM seem to have the answers to all of your trading questions.

Deposits and withdrawals

If you are looking to make a deposit it couldn't be easier. There is a whole page dedicated to account funding with separate tabs for deposits and withdrawals. On the account funding page, you will see the many funding methods available and the base currencies accepted along with the minimum deposit required and any fees. Multiple local payment methods give you instant access to your trading funds, but some may take up to 24 hours to clear, like wire transfer.

Concerning withdrawals you will find a separate tab which gives you all the same information as you will find on the deposit tab. It clearly shows you any fees and how long it will take your transaction to be processed. You won't often see so much detailed information on broker sites.

Special features

The amount of detail and clarity on their website has to be a strong contender as a unique feature along with many other benefits that set them apart from some CFD brokers:

Customer support

XM pride themselves on being a "human" company. While everything is carried out online, they like to have a visible presence. They offer personal account managers in many different languages, and their customer support is accessible via several avenues. There is a live chat option as well as telephone numbers and e-mail contacts.

Like the rest of their website, the "contact" page is exceptionally detailed with a list of contact options for the many countries that XM operate in. The support desk is open 24 hours a day, 5 days a week, in addition to being able to contact the support desk, there is also a number for the sales department.

We want to help our readers in any way we can, but sometimes it's better to talk directly with your investing site to get the answers you need. For example if you have a specific query about your account you'll need to contact them in person due to security.

Alternatively, if you find that contacting your investing partner isn't working, you can contact us and we will be more than happy to try on your behalf. We have excellent working relationships with many of the sites we list and recommend.

Email: [email protected]

Phone: ‎+357 2502 9933

Address: citypoint building, 1 ropemaker street, EC2Y 9HT, london, UK

Conclusion

XM seem to have the answers to all of your questions, perhaps even the ones you haven't thought of. The detailed information featured on their website is of a very high standard, and they seem to have all bases covered. They are considerate of new and experienced traders and work hard to cater to every trading need. There is lots of information available about the CFD markets and any major news or events.

The platform itself has been carefully thought out, and you can expect an excellent all-round trading experience. They are licensed by cysec (cyprus securities and exchange commission), ASIC (australian securities and investments commission) and the FCA (UK financial conduct authority). If you are looking for an informative, safe and technically advanced broker then this is a wise choice.

Our review rating system (more info)

To ensure our readers know how our experts get to their conclusions, we feel it's essential to be transparent about the rating system we use. All our ratings focus on seven key factors which are shown below. Some of these factors carry more weight than others due to their importance. The importance of a factor has ultimately been decided by our readers and years of their feedback.

XM no deposit bonus

Platform

Min. Volume

Action

Forex trading is one of the most multifaceted and complex forms of financial activity in the world. It involves analyzing a bunch of asset price movements, economic and political developments, volatility channels, and whatnot. In short, you have to be constantly aware of various market forces to never miss the chance.

One of the ways the brokers try to make this complexity a bit more bearable is by offering different bonus promotions. Whether it’s deposit bonuses, refer-a-friend bonuses, or no deposit bonuses, the main goal with these promotions is to help you take your trading game to the next level.

With that being said, however, you need to make sure that you’re getting the service from the most trustworthy broker possible. Otherwise, its bonus will be yet another lure that attracts you and leads you to your eventual demise.

XM forex broker has already proven that it is one of the best choices for a south african trader. Besides that, they are one of the only brokers that offer a no deposit bonus for their customers. The brokerage offers trading on the popular metatrader 4 and metatrader 5 platforms with their free XM no deposit bonus of 30 USD (420 ZAR). The beauty of the offers is the fact that you do not have to deposit anything. What this means is that as soon as you sign up you are immediately eligible for that 420 ZAR. This is one of the best ways to start off in forex trading as it lets you taste the market, without having to pay your own money.

In the following review of XM no deposit bonus, our team of expert reviewers at topforexbrokers will help you understand what makes this bonus so unique, as well as trustworthy.

XM no deposit bonus review

The registration for the bonus is very easy. The only thing you will need to indicate is your email and phone number. The number will not be used for those pesky telemarketing campaigns, and will only serve as a confirmation method when utilizing the broker’s feature. The XM no deposit bonus is very fast to be credited. The moment you apply for it the process begins and could last 24 hours tops, however it usually takes no more than 30 minutes. After those 30 minutes, you will get your XM bonus account and will be ready to start trading without hassle.

To give you a more detailed description of the registration process for XM no deposit bonus, here’s the list of steps you need to take:

Open a live trading account at XM – before anything else, you need a live account to be eligible for the no deposit bonus at XM. And as our XM no deposit bonus review shows, it literally takes just a couple of minutes to set up that account with this broker. You need to provide your basic details, such as your full name, date and place of birth, residence address, and employment details for the KYC procedure. After that, you need to verify that information by uploading your national ID/passport/driver’s license and bank statement/utility bill. Once that’s done too, you can go ahead and apply for the no deposit bonus itself.

After you create your very-first account at XM, you need to head over to the member’s area where you need to opt for the no deposit bonus offered by XM.

Then you need to verify your claim. You can do this either by the SMS or voice verification. And once that’s done too, you’re pretty much good to go; your $30 XM no deposit bonus is ready to be used in your forex trading endeavors.

XM trading platforms

Although there is software that is superior to the MT4 and MT5, we still believe that these two are some of the best available ones still. Sure they may be a bit outdated but they get the job done, and there is not too much you can improve a trading software with. The simple design of the software that XM forex broker uses is definitely a very big plus to the whole experience.

The best thing about the whole ordeal is that XM understands the hectic lifestyle of today’s society, therefore they also offer an option to trade on your smartphone.

XM no deposit bonus withdrawals

The fact is that the same policy is applied to the XM no deposit withdrawals as to their regular accounts. As our review of XM no deposit bonus shows, there are no related fees, everything you make is pure profit and can be withdrawn. However, there is one setback, which is pretty much the industry standard. You cannot withdraw the bonus or the profits until you reach a certain amount of trades. For example, the broker may require that for the $30 bonus you would have to make at least $5,000 ( 70,000 ZAR) trades. This is no setback, however, as over time, you will learn enough and use the leverage, by which point reaching that mark will not be hard at all.

XM no deposit bonus guide

As already mentioned the XM bonus is quite easy to get. Over 1.5 million of its users have the opportunity to utilize it, this should already give you an idea about the size of this brokerage. Now with all of the reassurance about the forex broker, let’s dive into the detailed guide on how to get the bonus.

Go to the XM website, choose south africa and then click on the green button that says “open an account”;

Fill out all of the personal information, no need to worry, all of that info will be safely encrypted and stored;

Choose which software you would like to use, it can only be either MT4 or MT5;

Choose an account type, you can find more detailed info about the accounts in our XM review;

Confirm all of your emails, log-in your account and apply for the bonus after filling in the payment methods, this is where all of your profits will go;

Wait for 30 minutes to an hour and your bonus will be transferred;

Start trading;

As you can see from our XM no deposit bonus review, this process is extremely simplified, therefore there are no complications with it. The XM no deposit bonus is probably one of the easiest to get out of all the brokers so far.

So you don’t deposit anything?

That’s right! You have already noticed that there was no segment dedicated as to how you deposit. Well, you don’t have to, it’s indicated in the name, XM no deposit bonus. You may think that this is a terrible business model, but in all honesty, this bonus is what got most of the customers to remain or even find XM. There are also other types of bonuses to go around, such as the XM loyalty deposit bonus and the XM deposit bonus, but that is a story for another day.

The reality is that the funds that are given to you when you register, is solely covered by the company. The only thing you need to know is that you cannot withdraw that 420 ZAR, you will have to wait until you have made at least some kind of profits before you are eligible.

Naturally, making your millions with just 420 ZAR is going to be hard, so don’t expect too much very quickly. All I can suggest is that you keep at it, work your way up and if need be, boost your portfolio with a deposit once you get acquainted with the platform.

It’s also important to note that XM is fully regulated in south africa, so no matter what your funds will be protected by the FSCA. So what’s holding you back? The free XM bonus may not be here forever.

XM sign up bonus

A XM sign up bonus of US dollar 30 is offered by XM.

Traders who register a real account with XM are offered first time sign up bonus which is equivalent to that of a no deposit bonus as well as a welcome bonus for first time registration as no initial bonus is required to earn this bonus amount.

The US dollar 30, or currency equivalent, bonus is automatically credited to the trader’s account and it is non-withdrawable. Only profits earned can be withdrawn.

This offer is only available to new traders who register a real account, demo account users are not considered eligible.

In addition, XM also provides traders with a 100% deposit bonus of up to US dollar 500 along with an additional 20% deposit bonus, with a cumulative amount of maximum US dollar 4,500 or currency equivalent.

This offer is not available to demo account holders or XM ultra low account holders.

Brokers often offer these broker bonusses to new traders in an effort to draw in more customers in addition to encouraging trading activities. These bonuses are some of the best ways in which to assure traders that they will receive some cash back.

Referral bonus

XM does not currently offer referral bonuses to new or existing traders who make use of the products and services offered by XM.

Referral bonuses are offered by brokers to traders in an attempt to draw in new clients and expand their customer base.

Often these types of bonuses have strict criteria that will have to be fulfilled before the trader can benefit from referring a friend or family member.

Some of the criteria includes, but is not limited to:

The referral has to register a real account with the broker using a unique referral link so that the registration can be traced back to the trader.

The referral bonus is only applicable should referrals register a real account as these bonuses are not available when using a demo account.

A certain minimum deposit amount has to be made by the referral.

The referral may be required to execute a certain number of trades on the new account before the trader becomes eligible to receive the referral bonus

Referral bonuses may also have a limited time in which they can be utilized by traders, perhaps in a given month that brokers see a decrease in activity and attempts to counter it by providing such bonuses.

Additional bonuses, promotions and rewards

XM offers trading bonuses to active traders and loyal customers through the XM loyalty program where traders are rewarded with special seasonal bonuses during specific calendar events and occasions.

In addition, XM provides traders with an additional 10-year anniversary promotion to the value of US dollar 1,000,000 where a random account will be chosen every month, providing traders with the chance of winning various prizes until 31 august 2021.

Pros and cons

PROS	CONS
1. First time sign up bonus provided which serves as a welcome bonus and no deposit bonus	1. No referral bonus offered
2. Trading bonuses offered through XM loyalty program for active traders and loyal customers

Conclusion

XM caters extensively and comprehensively for new traders who register a real account, existing traders, and loyal customers through its array of bonuses and rewards in addition with its competitive trading conditions.

XM bonus & loyalty program description

XM is the broker that offers the most amazing bonus program in the world.

There are a variety of bonuses available, so it may be difficult to understand at first. However, there are significant benefits if you use it well.

Overview of XM bonus

XM offers several types of bonuses as follows.

■ account opening bonus
①30USD when opening account

※* XM zero account can be used only for “① account opening bonus”. ②③④ are not available for XM zero accounts.

And this bonus cannot be withdrawn!

Some people may think this way.

In fact, the benefits of increasing equity in trading are enormous.
For traders, it is not possible to withdraw money, but it has the same effect as increasing money.

However, please be aware that if you withdraw money from your account, the bonus will also disappear depending on the balance / withdrawal ratio.

Benefits of increasing equity are huge

In forex trading, it is possible to trade more than your own funds by using leverage.

If equity is doubled by bonus, there are the following advantages.

Earn twice as much profit

For example, suppose you have adopted the following transaction logic:

-take profit when equity increases by 5%
-stop loss when equity goes down 2%
-expected win rate is 60%

If the equity doubles, you can naturally trade with twice the lot size.

Assuming you have traded 100 times, the difference is as follows:
(this is a very simplified calculation)

When starting at 500 USD …

once P/L	times	total P/L
lose	-10USD(-2%)	40	-400USD
win	+25USD(+5%)	60	+1500USD
total	100	+1100USD

When starting at 1000 USD …

once P/L	times	total P/L
lose	-20USD(-2%)	40	-800USD
win	+50.SD(+5%)	60	+3000USD
total	100	+2200USD

in this way, if the equity is doubled by the bonus, you can get double profits with the same trading rules.

Delay stop out

If the price moves contrary to the direction of the position, the position will be forcibly closed if the margin level falls below the specified value.
This is called “stop out”.

The margin level for stopout varies from broker to broker and is around 20% to 100%.
（XM has 20% stopout level and wide tolerance.）

Margin level calculation formula

The margin level formula is a little confusing.

The important thing is that as the equity increases with the bonus, the margin level can be kept high and the timing of the stopout can be delayed.

■when there is little equity

■when there is large equity

in the case of trade styles that aims for profit while enduring certain amount of equity drawdown, larger equity will definitely be advantageous. 。

However, trade styles that wait for market reversals while allowing large equity losses will naturally increase the chances of winning, but you must be prepared to risk losing all at once.

What is “XMP”? Exchangeable for bonus!

XMP means xmtrading points. The more you trade with XM, the more points you accumulate.

What can be done with XMP?

Earned XMP can be exchanged for credit bonuses that serve as equity for trading accounts.

Works the same as account opening bonus and deposit bonus.
(withdrawal is not possible)

Exchange rate is “credit bonus (USD) = XMP ÷ 3”

As already explained, there are various benefits to increasing equity.

How much can we get XMP?

The amount of XMP earned varies depending on the status.
The higher your status, the bigger your XMP gain.

There are four levels of status: “EXECUTIVE”, “GOLD”, “DIAMOND”, and “ELITE”.

The condition for high status is determined only by the number of days of trade.

Status	status conditions	XPM earned (per 1 lot)
EXECUTIVE	initial status	10 XMP/1 lot
GOLD	30+ days trade	13 XMP/1 lot
DIAMOND	60+ days trade	16 XMP/1 lot
ELITE	100+ days trade	20 XMP/1 lot