XM Bonus Programs - How to Get Up to $5.000 for Free
XM Group is one of the largest Forex and CFD brokers worldwide, offering traders an award-winning platform and competitive trading conditions. A key part of XM's value proposition is its generous bonus program, which allows traders to get started with additional funds without needing to deposit their own money. This article provides a comprehensive overview of the various bonus opportunities available from XM.
We'll explore XM's standard new account bonus, as well as its leading welcome deposit bonus. The article also outlines how to qualify for these promotions and details any applicable terms or volume requirements.
Key points from the article
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XM offers a $30 no-deposit bonus automatically given to all new account holders. This bonus must be used within 30 days.
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The leading bonus is a 20% deposit match up to $5,000. For example, a $1,000 deposit yields a $200 bonus.
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Bonus funds can be used for live trading but profits only may be withdrawn. Bonus money itself cannot be cashed out.
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XM has a loyalty program with seasonal and event-based bonuses through the year. Exclusive high-value bonuses are sometimes offered by invitation only.
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Not all countries qualify for XM bonuses due to regulatory restrictions. Traders must check their location's eligibility.
Does XM Offer Forex Bonuses?
XM offers a few bonuses for new traders who join the platform. Typically, you qualify for these bonuses immediately after registration, and no extra steps are required.
XM $30 Bonus
The XM 30 bonus gives you access to $30 when you sign up to the platform. The bonus is available for XM's MT4 and MT5 platforms, while the minimum trade volume is 0.01 lots.
You get this bonus as soon as you sign up for the account. After that, you don’t have to activate it. Once you receive the bonus, you can start trading with it and withdraw the profits you make.
XM 20% Deposit Bonus
XM 20% Deposit Bonus
The XM 20% deposit bonus is one of the most valuable bonuses on the platform. You can get up to $5,000 on top of the amount you fund, giving you significant capital to trade with.
The bonus is given automatically to clients who fund their accounts until they have received the maximum bonus amount of $5,000. For example, suppose you deposit $500. You will get a 20% bonus on the amount, which amounts to $100. You’ll have a trading capital balance of $600.
Best Forex Deposit bonusesRefer a Friend
If you’re satisfied with XM’s functionality and features, you can also refer it to your friends. You get $35 for every friend that uses your referral link or email invite to sign up to the platform.
XM Bonus $30
The XM 30 bonus is available for all new traders on the platform. You get $30 worth of credit that you can use to open trades on the brokerage platform. Do note that you only have 30 days from the day of account registration to claim your bonus.
How Can I Get XM $30 Bonus?
The XM no deposit bonus is automatically given to all traders who sign up. Here’s what you need to do:
Step 1: Open a Live Account
XM Registration
Go to XM’s website. Create a Live account by providing all your information.
Step 2: Log In
XM users get a member area to see all their account information. Log in to this area using the username and password the platform sent you through email.
XM Registration
Step 3: Validate
Validate your account by providing proof of identity. For example, you can use your driving license or ID card. To be eligible for the XM no deposit bonus, you need to perform phone number (SMS) verification. You’ll see the option for it in the member area.
Step 4: Claim Your Bonus
Once you validate your account, you’ll see the button to claim your bonus. If you don’t see it, go to the Promotions tab in your member area and get the bonus.
Best Forex No-Deposit BonusesCan I Withdraw Funds?
You cannot withdraw the $30 XM gives you as a bonus. But once you start trading with it and earn a profit on this bonus, you can withdraw your profits.
XM Welcome Bonus $5,000
The XM Welcome Bonus is available for users who deposit funds into their account until receiving the bonus amount of $5,000. After that, you get a 20% bonus on the amount you deposit. XM gives you a bonus on a deposit as small as $5.
The XM welcome bonus is available for MT5 and MT4 accounts. You can claim this bonus if you live in a country where XM is not registered under the ASIC and EU.
Suppose you deposit $1,500 in your account. You’ll get a 20% welcome bonus on it, amounting to $300. The total trading capital balance in your account will be $1,800.
How Can We Get Welcome Bonus up to $5,000?
XM Welcome Bonus
You can get a welcome bonus of up to $5,000 by funding your account with $25,000. Since XM gives a 20% bonus on all deposits, you’ll get $5,000 as a bonus. As a result, your total trading balance will be $30,000. Here’s how to get this bonus:
Step 1: Register
Sign up for an account on XM. After entering your details, you need to choose the type of account you want to open.
Step 2: Select the Account Type
You can sign up for the Standard or Micro Account. Although there are some other options, these two are the most common.
Step 3: Deposit Funds
Once you’ve verified your identity, select a payment method. Deposit funds into your XM account.
Step 4: Get 20% Bonus
XM Welcome Bonus
You’ll get a 20% bonus on the amount you have deposited. The minimum amount you need to fund to get a bonus is $5. For instance, if you deposit $5, you’ll get a 20% bonus of $1. So your final trading capital balance will be $6.
Can I Withdraw Funds?
You cannot withdraw the bonus funds given by XM. But you can withdraw the profits. For example, if you deposit $1,000, you’ll get a bonus of $200. However, if you don’t make any profits, you’ll only have $1,000 available for withdrawal, not $1,200.
But let’s say you deposit $1,000. You get a 20% welcome bonus of $200 on your deposit and make a profit of $500 in your trades. The balance available for withdrawal will be $1,500.
Other XM Promo and Bonuses You Should Know
XM also has a loyalty program that offers multiple incentives to traders. The loyalty program gives you access to seasonal bonuses according to the occasions and events during the year.
You also get highly exclusive bonuses. But these are only available through invitation.
XM also offers a 0% bonus program in which you pay zero fees on deposits and withdrawals. The program covers all e-wallets and major credit cards. Plus, you have to pay no fees on all wire transfers valued above $200.
Besides bonuses, XM offers free VPS services to eliminate downtime and speed up your trades. If you’re an active trader, this will be pretty helpful for you since the service is accessible from anywhere and is available 24/7.
Are XM Bonuses Available in My Country?
The XM bonus is not available in all legal entities. For example, if you live in a country where the platform is registered under the ASIC and EU, you will not be eligible for the bonuses. Therefore, before starting trading, you should check if your legal entity makes you eligible for bonuses.
Team that worked on the article
Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.