Did you know?
XM offers not only a wide range of trading instruments, but also various bonuses and promotions to help traders increase their profits and enhance their trading experience.
In this guide, we'll take a detailed look at all the available bonuses that are offered by XM, including their terms and conditions, to help traders make informed decisions.
Take note: Some of the bonuses that will be mentioned here may not be available for residents of specific countries and regions, including the UK, Australia, and EU.
The XM welcome bonus is available to new clients who open an account with the broker. The bonus amount varies depending on the client's country of residence and can range from $30 to $5,000. To receive the bonus, clients must complete the account verification process and make a deposit of at least $5. The bonus can be used to trade on all trading instruments offered by XM, including forex, CFDs, and commodities.
Clients can withdraw the bonus after trading a certain volume of lots, which varies depending on the bonus amount. For example, if a client receives a $30 bonus, they must trade 0.5 lots to be able to withdraw the bonus. If a client receives a $5,000 bonus, they must trade 500 lots to be able to withdraw the bonus. It is important to note that only profits made from trading with the bonus can be withdrawn. The bonus amount itself cannot be withdrawn.
XM also offers a deposit bonus to clients who make a deposit into their trading account. The bonus amount ranges from 10% to 50% of the deposited amount, depending on the client's country of residence. For example, clients from certain countries can receive a 50% deposit bonus, while clients from other countries can receive a 20% deposit bonus.
To receive the deposit bonus, clients must opt-in for the promotion and make a deposit of at least $5. The bonus can be used to trade on all trading instruments offered by XM. Clients can withdraw the bonus after trading a certain volume of lots, which varies depending on the bonus amount. For example, if a client receives a 20% deposit bonus, they must trade 10 lots to be able to withdraw the bonus. If a client receives a 50% deposit bonus, they must trade 30 lots to be able to withdraw the bonus.
XM also has a loyalty program for clients who trade regularly on the platform. The loyalty program has four levels:
Each level offers various benefits and rewards, such as higher cashback rates, faster withdrawals, and access to exclusive promotions.
Clients earn loyalty points for each trade they make, and the number of points earned depends on the trading volume and the trading instrument.
Trading 1 standard lot of forex earns 10 loyalty points, while trading one standard lot of gold earns 50 loyalty points. Clients can redeem their loyalty points for cashback, which is automatically credited to their trading account.
XM offers a free virtual private server (VPS) to clients who meet certain requirements. A VPS is a remote computer that allows traders to run their trading platform and Expert Advisors (EAs) 24/7, even if their local computer is turned off. This can help traders to execute their trades faster and more efficiently, without worrying about internet connection or power outages.
To be eligible for the free VPS, clients must have a minimum balance of $5,000 in their trading account and trade at least 5 standard lots per month. If the client meets these requirements, XM will cover the cost of the VPS service.
It is important to note that all bonuses and promotions offered by XM come with terms and conditions that must be met in order to receive and withdraw the bonus. The terms and conditions vary depending on the promotion, but some common requirements include:
It is important for traders to read and understand the terms and conditions of each promotion before participating, to avoid any misunderstandings or violations.
XM offers a variety of bonuses and promotions to help traders increase their profits and enhance their trading experience. The welcome bonus, deposit bonus, loyalty program, free VPS, and forex trading championship are all great opportunities for traders to earn cash prizes and improve their trading skills.
However, it is important to read and understand the terms and conditions of each promotion, and to trade responsibly and within one's own risk tolerance. Overall, XM is a reliable and reputable broker that offers a wide range of trading instruments, competitive spreads, and excellent customer support.