How To Make Money On XM: A Full Guide

Top ideas on how to make money on XM

XM Group Review

Open an account

Your capital is at risk.
77.74% of retail investor accounts lose money when trading CFDs with this provider.

Traders are interested in how to make money on the XM platform. The company claims that it is committed to providing traders with the highest quality services in trading currency pairs, precious metals, stock indices and CFDs. However, standard trading is not the only way to make money at XM. The broker actively offers its users to take part in the affiliate program and try the new copy-trading feature. We have told you about other ways to get profits below.

Forex trading

The official website lists the following benefits of trading Forex with XM:

• Access to more than 50 currency pairs, including popular, major, exotic and cross;

• leverage up to 1:1000;

• 24/7 access to the terminal;

• narrow spreads;

• no requotes and slippages;

• no hidden commissions.

The company has developed 4 variants of tariff plans:

• Micro;

• Standard;

• XM Ultra Low;

• Shares.

The broker promises: minimum deposit from 5 dollars, protection from negative balances, spreads from 0.6 pips or according to the terms of individual exchanges, minimum order volume - 0.01 lot, maximum number of open/pending orders for one client - up to 300 positions, the possibility of hedging is provided. An Islamic account is also available.

In addition, the resource has a separate tab for analytics and training. XM offers trading ideas, market trends, technical and fundamental analysis, an economic calendar, podcasts, online tutorials, training videos, webinars, technical indicators and Forex calculators.

Traders will be able to trade on MT4, MT5 terminals (PC, web and mobile versions) and XM application for smartphones and tablets.

Copy experienced traders

Copy trading is a new option on the XM platform. The company offers users to subscribe to experienced traders with high performance indicators and copy their trades. And if you are confident in your own abilities, you can become a strategy provider and earn up to 50% of your subscribers' profits.

To get started, you need to create an account, verify your account and register as an investor or manager.

Strategy providers may charge a commission for copy trading. Subscription XM fees range from $1 to $1,000. You can also choose traders who provide free trades for copy trading.

Investing in stocks

You can also invest in foreign shares of leading companies - Tesla, Amazon, Apple and others. The commission for transactions in shares of US companies is $0.04 per share, and for transactions in shares of UK companies - 0.10% per transaction, but not less than $9 per transaction. For speculations you will be able to choose the Shares tariff. The size of the minimum deposit starts from $10,000. The broker guarantees protection against negative balances and provides an opportunity to open an Islamic account.

Affiliate program

For additional earnings, the site offers an affiliate program. XM guarantees its partners the support of a personal manager, timely commission payments, detailed statistics, real-time reporting, and all necessary promotional materials in 25 languages (banners, personal affiliate links, newsletters, lendings, ready-made websites, certificates and stamps).

The broker divides partners into three main types:

• Referrers.

• Affiliates with websites.

• Sub-affiliates.

You can earn up to $25 for every lot of trading turnover of clients you invite to XM. In case you bring another affiliate to XM, this affiliate will automatically become your sub-affiliate, and the company will pay you a commission of 10% of all its revenue.

Bonuses

XM offers several bonus options:

• 100% welcome bonus. To get it, you need to make transactions totaling 500 lots.

• Invite a friend. The company guarantees up to 150 dollars for each referred client. The greater the number of friends you invite, the higher your earnings. To participate, you need to log in to your personal cabinet, go to the control panel of the "Invite a Friend" program and get your unique referral link. For example, if you invite up to 15 friends, you will get 80 dollars for each friend, and if you invite 30+ friends, you can count on 150 dollars.

• XM Competitions. The broker offers to compete on demo and live accounts for the opportunity to win a part of the prize fund of $120,000. There is no participation fee and the contests are suitable for traders at any level of experience.

• $30 Bonus. With this bonus, you will gain access to $30 when you sign up. The bonus is available on MT4 and MT5 platforms and the minimum trading volume is 0.01 lots.

What is the minimum deposit on XM?

The minimum deposit on Micro, Standard, XM Ultra Low accounts is 5 dollars, and on Shares accounts the minimum deposit starts from 10 000 dollars.

Is it possible to earn an extra $1,000 per month on XM?

You will have no problem earning from $1,000 monthly on XM. However, you need to make an effort to do this. First of all, improve your trading knowledge to understand not only the basics, but also to understand the more complex terms and nuances of trading on financial markets. Secondly, choose the right way of getting profit, which will meet not only your goals, but also your capabilities.

Here are some options.

• Copy trading of other traders. An excellent choice for novice investors who do not want to spend long hours at a laptop analyzing the market situation and prefer to entrust decision-making to more experienced traders. Despite the fact that copy-trading has recently appeared on the list of brokers' offers, the service is already very popular among clients.

• Trade using leverage. Leverage gives the trader an opportunity to increase his potential profit, provided that the market moves in his favor. However, besides the undeniable advantages, leverage also has one big disadvantage: leverage can increase losses caused by unfavorable market movements, so be careful and do not forget about risk management methods.

• Participate in an affiliate program. A broker's affiliate program is a great source of additional income. XM promises its partners up to $25 for each lot of trading turnover of clients they invite to XM. Therefore, the more referrals you have, the higher your profit.

How to choose the best way to make money on XM

When choosing the most suitable way to earn money on XM, first of all, pay attention to the level of your knowledge and experience. If you are a beginner who is just starting to learn trading on financial markets, it is better to choose copy trading at the start in order to minimize risks and learn from professionals.

For more advanced traders, the broker offers to try trading with leverage, which gives them the opportunity to significantly increase their profits with a small initial capital.

Also, do not miss the chance to test the benefits of the broker's affiliate and bonus programs. For example, you can try your luck and take part in XM Competitions - competitions on demo and live accounts for a chance to win a part of the prize fund of 120 000 dollars.

Does XM pay out profits?

XM regularly pays out profits to traders, as it is a reliable brokerage organization, which is controlled by a number of reputable regulators: ASIC (Australia), CySEC (Cyprus), FSC (Belize) and DFSA (UAE). In addition, investors' capital is kept in segregated accounts in reliable banks with high reputation.

You can withdraw funds at any time. The minimum deposit and withdrawal amount for Shares accounts is $10000, for all other types of tariffs this minimum threshold is $5. Withdrawal requests are processed instantly. When withdrawing funds by bank transfer, credit or debit card, the money will arrive within 2-5 business days. The company does not charge commissions.