Xm deposit bonus terms and conditions
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.
Free forex bonuses
That can be calculated in the following way: 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.
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:
- USD
- EUR
- GBP
- JPY
- CHF
- AUD
- HUF
- PLN
- RUB
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.
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XM no deposit 30 USD bonus – read an honest review
Platform
Min. Volume
Action
XM forex broker is a great place to get started for a next FX professional. This broker gives you access to XM no deposit 30 USD bonus campaign and allows you to use metatrader4 and MT5. This is one of the only brokers that makes MT4 live trading available to you without making a deposit. You should certainly try this XM no deposit bonus, as metatrader 4 is the platform you will most likely have to change to eventually and this promo campaign lets you test drive the platform without any deposits.
XM free 30 USD no deposit bonus description
Getting the 30 USD no deposit bonus on XM is pretty easy. The only thing you need, except for the wish to trade forex, is to go through XM registration, get your account, and confirm your phone number via SMS. As for the bonus, within the maximum of 24 hours (but usually in around 30 minutes), you will get the money credited to your account and you will be able to trade currencies online with XM without making a deposit.
XM free trial available platforms
When it comes to FX trading online, the choice of available trading platforms becomes quite important. Most of the traders end up on MT4 or MT5 platform and this is certainly an advantage of XM. With XM FX broker, traders using mac laptops and desktops will find a hustle way to trade since they offer native access to metatrader 4 for mac OS. Also, the MT4 web platform is also available with XM, this trading terminal could be used for windows and other operating systems too. Like most of the brokers, XM account also enables you to trade on your smartphone.
XM 30$ bonus terms and conditions
XM no deposit 30 USD bonus is unavailable for withdrawals, however, every cent from the profit is yours. You can take your time and only make relevant trades that get you great money on the XM no deposit bonus.
XM free account critics
Many traders have been complaining about this promotion and XM broker in general, this is why forex trading bonus team would strictly advise against it. You may, of course, try your luck and see how fast you can triple your initial balance, however, some traders did have their accounts removed without any prior notification.
We decided to check this bonus on our own. We have to admit, we were positively surprised by the quality of services and web platform from XM. This is why we recommend you try XM trading bonus!
How to get XM $30 no deposit bonus?
XM is a quickly growing international investment firm with over 2.5 million users and 300 professionals. The company offers a trustworthy and convenient trading environment and is one of the few brokers who will allow MT4 live trading without making any deposits. After getting their XM global login, users will be rewarded with $30 no deposit bonus that is available for trading right away. It shouldn’t take longer than a day for the funds to show up in the account.
Steps for getting the no deposit XM bonus:
Getting the bonus is fairly simple. A user only has to register on the platform and activate the account. The registration procedures are very easy to follow. On any page on XM’s website, in the top right corner, there is a green button titled “open an account”. Clicking the button will start the registration process.
The registration includes filling out a standard questionnaire. The first part of it is depicted on the screen below. In this section, the user is asked to fill out some details like name, country of residence and a phone number. A user will also get to choose an account type and trading platform type on this page.
After this information is filled out, the second part of the questionnaire will load. Here, the user is asked to provide some additional details, like the date of birth and address.
The website will also ask whether the user is a US citizen or not, as well as some additional questions to determine the purpose of the client. Once, this information is filled out, the user will set the password, agree to the terms and conditions as well as some other policies that can be viewed through the links and will click the button “open a real account”, and with that, you XM signup will be complete. Don’t stress out, your free XM bonus is almost here!
Once the questionnaire is complete, the user is very close to getting the bonus. All that is left to do is to confirm the email. The notification will be generated and the user will be asked to check the inbox of the indicated email address. Through the link provided in the email, the user will be able to confirm the transaction.
After confirming the transaction the user will finally get to log into the system using their XM members login . They will also be assigned an MT4 ID, which functions as a username when logging into the platform.
The XM no deposit bonus should show up on the account within a day after completing the registration process. The $30 no deposit bonus from XM cannot be withdrawn but can be used to trade in the system. It is a great feature to test the platform and get acquainted with it. It is an especially good feature for beginners, who might not want to risk their own funds while figuring out the basics of trading.
Perfect guide to using XM no deposit bonus is here
XM is one of the best-known forex brokers and it offers its services to traders around the world. With its regulations and authorizations, it also stands to be a very safe solution for many. Bonuses and promotions are something that interests a lot of people, and in today’s guide, we are going to talk about one of the most attractive bonuses, the no deposit bonus.
Many forex brokers have no deposit bonus, but XM no deposit bonus seems to be the most popular one. What is the reason behind that? We are going to talk about that in this guide. So, if you want to start trading with XM without risking your real-life funds, follow our XM no deposit bonus review carefully!
What is XM and why is it so popular?
Before we start talking about XM 30 bonus conditions and the ways to use it, let’s talk a little about XM. XM is a forex broker that is very popular around the world, it is suitable for both, beginners and experienced forex traders. It offers many different types of promotions, bonuses, and account types that can be used by both, seasoned and amateur forex traders.
It has an 11 year-long history and has been very popular since its establishment in 2009. In addition to the no deposit bonus, that we are going to talk about today, the broker also has many other bonuses and promotions that are very popular among forex traders.
What is XM $30 bonus and who can use it?
No deposit bonus basically means that you can start real-life forex trading without making any deposits. For many beginner forex traders, it is a way to start trading without having to risk your real-life funds. Many traders are using it because it offers them a chance to start trading without having to spend any money.
Anyone can use the XM no deposit bonus as long as they are older than 18 years old. It can be enjoyed once you have created a live trading account, the process will be discussed in detail below.
There are many different platforms that offer no deposit bonus, but in most cases, you can’t know if they can be trusted or not. In the case of XM, it is very safe to trust anything that this broker offers. XM is one of the safest and trustworthy FX brokers on the market, it is authorized and regulated by some of the biggest regulatory bodies son the market, which ensures that you and your funds can stay safe with this forex broker.
XM free bonus is a great way for beginners to start trading, try out the market without risking their funds, and becoming a successful forex trader.
If you wish to use the bonus, in addition to being at least 18 years old, you also should not have any history of violating the broker regulations. Also, if the company suspects that you are violating or are abusing the rules of the promotion, the broker will withhold or withdraw the trading bonus, or any other promotion. Every customer can only get the XM welcome bonus once, to make sure that you are not violating this rule, the bonus is attached to the IP address, therefore you can only use it once. Also, once you have created the real trading account, you only have 30 days to claim the free $30, after 30 days, you will not be able to use the promotion anymore.
How to get the XM bonus
The process of getting this bonus is very simple and only takes several steps. As you go to the official website of XM and check out the promotions section, you will have access to every type of information that might be important for you before you start enjoying the bonus. Also, the website is very user-friendly, which makes using it very easy even for those who do not have much of an experience with forex trading.
Once you access the page of promotions, you will see there a few different options. To get your bonus, you will have to choose a trading bonus, you can get to the page from here. Once you are on the right page, you can choose the no deposit bonus. In order to get the bonus, you will have to own a real trading account where you will be using 30 USD. So, once you click ‘claim your bonus’, you will be redirected to a page to create a real trading account with XM. It is a very simple process, which will only take a few minutes. Let’s go through the registration process, so it is a lot easier for you.
XM no deposit bonus terms and conditions
The great thing about no deposit bonus is that it does not have any type of financial obligation from the traders, however, there are some rules that you need to be aware of before you start trading. First and foremost, as it represents a welcome bonus, only those who are just starting out with the broker can enjoy it. So, if you have been a user of XM for a long time now, you can enjoy the offerings of this bonus.
Clients wanting to use the bonus should fulfill some criteria, such as they should be older than 18, should be allowed to trade in their country of origin, and the account should not be created more than 30 days ago. Also, one user can only use the promotion once.
Also, you can not transfer the bonus money from one real account to another, according to the XM $30 bonus terms and conditions, the money can only be used for trading for the account it was initially applied to. Also, you are not able to withdraw the money, since it is for trading only. XM bonus conditions are very simple and it can be followed very easily, however, to make sure that you are doing everything right, check out the official website of the broker carefully.
How to create an account for XM 30 dollar bonus
To enjoy the bonus, you will need a real money account on XM. Creating one is super easy and will take you just a few minutes. Firstly, you need to fill the first part of the registration application. Here, you will be required to provide your personal information, such as first name, last name, your country of origin, your phone number, e-mail address, etc. You will need your phone number and e-mail to verify the registration.
In addition, you are also able to choose the language you want to be using the platform in, XM offers a wide range of languages. You can choose from 25 different languages, such as english, spanish, german, italian, french, etc.
Once you have provided personal information about yourself, to continue the process of registration, you will need to choose the trading platform type. As of now, there are metatrader 5 and metatrader 4 available on the website. We will discuss the differences between the two platforms later in the guide.
Once you have provided every information and chosen trading platform, you will have to choose the account type you want to be using. There are five different options for the users of XM, they include micro, standard, XM zero, XM ultra loc micro, and XM ultra-low standard.
These accounts can all be used for XM global 30 USD bonus, however, not every one of them is created for everyone.
What to do once you have registered?
Once you are done with creating the XM bonus account, you need to log in to the member’s area in order to receive the welcoming bonus. Also, you will receive an email from XM on your email, there, you will be able to access ID for members’ area. After this, you will also need to validate your XM account. This a very simple procedure, you will only have to upload your documents for verifications.
You will have to upload two different documents, a color copy of a valid passport, driver’s license, or any other legal document that proves your identity, and POA, proof of residence. It can be either a bank statement or utility bill that dates within the last 6 months. It can take several days for the company to approve your documents.
Once you have done all of these, you will be able to claim an XM $30 bonus. Also, you will have to also verify your XM deposit bonus. This is done by SMS or voice verification, after this is done, the broker will transfer th3 $30 on your trading account. In most cases, the transaction takes up to 30 minutes, however, in some cases, it might take as much as 24 hours, so do not panic if the money is not on your account right away. Once you have recieved the money, you are free to start trading!
What are the differences between the account types?
Before we continue with our XM $30 bonus review, let’s talk a little about the differences between the account types. Micro accounts at XM can use USD, EUR, GBP, CHF, AUD, JPY, HUF, and PLN as the base currency and can get started with a minimum deposit of $5. 1 micro is 1,000 units of the base currency. Ultra-low accounts can use EUR, USD, GBP, AUD, ZAR, SGD as the base currency and traders will require a minimum deposit of $50 USD. 1 standard ultra lot is 100,000 units of the chosen base currency, while 1 micro ultra lot is 1,000 units of the base currency.
Standard accounts can use USD, EUR, GBP, CHF, AUD, JPY, HUF, and PLN as the base currency and started can start with just $5. Zero accounts can use USD, JPY, and EUR as the base currency and will require a minimum deposit of $10. Forex traders using XM can also enjoy demo accounts, which are a great way for you to learn more about forex trading, come up with new strategies, and test your trading tactics.
XM bonus rules on withdrawals
One thing to remember before you start using this promotion is that the initial deposit can not be withdrawn, because it only has a traidng purpose. So, say that you have already traded for a while, if you want to withdraw the money, the initial amount of XM $30 bonus will be removed proportionally. However, to be able to withdraw the money, you will need to complete at least five round turn trades and the trading account should reach 0,1 standard lots.
The thing about no deposit bonuses is that some of them have requirements that are impossible to reach for beginner traders, so in most cases, you do not really want to use them. However, the XM broker bonus trading volume requirement is acceptable and realistic. It is very important to understand everything about XM 30$ bonus terms and conditions, to make sure that you and your funds can stay as safe as possible.
What are available trading platforms at XM
While making an XM bonus review, it is also very important to talk about the trading platforms that you can use with XM. During the registration process, you are asked to choose one of the two available trading platforms, metatrader 4 and metatrader 5. Both of these platforms are created by a russian company called metaquotes. MT4 has a very long history, it was created in 2005 and since then it has been one of the most popular platforms on the market, 90 percent of all the broker around the world are using MT4, which makes it even more popular.
It is very important to choose the right trading platform since you need to be sure to use the XM forex no deposit bonus at its best. However, you should make your decision depending on your trading needs and requirements, not on how frequently is it used. In reality, there is not that big of a difference between MT4 and MT5. MT4 is a predominantly forex traidng platform, while MT5 can also be used for trading instruments such as indices, precious metals, etc.
In most cases, people who choose MT5 are doing so because of the fact that it can be used directly on the browser, while MT4 is available only as a downloadable version. So, choose your favorite trading platform and start enjoying XM global bonus now!
In general, why would someone avoid no deposit bonus?
There are many people who believe that no deposit bonus is something that should be avoided at all costs. In some cases, they are right. However, this depends a lot on the broker that you are using. Something that you need to remember is that the market is full of scam companies that are trying to get to people, lie to them, and use their money for their own good.
To avoid this, you should only trade with the forex brokers that own authorizations from some of the most trustworthy regulatory bodies on the market, which XM does have. Another thing that could potentially help you to stay safe is to strictly follow XM bonus terms, read them carefully, and only then start using it.
Also, in many cases, even if the broker is not a scam, there are many things that can hide behind this promotion. For example, there have been a number of cases when people were not warned that there were some types of commitments from them involved once they have used this promotion. In the case of XM, everything is very straight-forward and easy to understand, which makes XM’s free bonus a lot trustworthy than its rivals on the market.
Why is XM’s no deposit bonus better than the others?
We believe that one of the biggest reasons why XM’s bonus is much better than the others is that the XM 30 USD bonus conditions are written on their official website very accurately. It can be accessed and checked by anyone who wishes to, which makes using it a lot safer.
We believe that XM bonus 30 truly is something that you should use, especially if you want to get to know with this trading company better. This no deposit bonus is one of the best on the market and works perfectly for everyone, no matter you are a beginner in the field or an experienced trader who is just starting to trade with XM, you can enjoy this promotion a lot. In addition to everything else, the reputation of the broker is perfect, which makes trusting this promotion the right thing.
The thing about XM is that it is licensed by the most trustworthy regulatory bodies on the market and there is no chance that this company will do something that will damage your interests. In addition, it has been offering services to traders worldwide since 2009, and it was able to further develop its services to make it a lot easier for forex traders to use. The website of the trading company is very easy to use, and even those with little to no experience can get around and understand it very easily.
We very proudly recommend to you to try this amazing trading company with its many offerings, bonuses, and promotions that can make your job a lot easier and can make your trading experience a lot more fun. With some of the best trading platforms, it offers you access to a very huge market, enabling you to trade with many different types of currency pairs, including majors, exotics, etc.
So, check out the XM $30 bonus conditions carefully and start trading now!
XM DEPOSIT BONUS. LEARN ITS SECRETS NOW!
Are you confused to choose a good broker because there are too many brokers in the forex trading market? XM is highly recommended thanks to its superior trading conditions and customer services. I am writing this article to give you some knowledge on XM greatest bonus, which is the XM deposit bonus. Check our full XM reviews.
What is XM deposit bonus?
XM deposit bonus is available for all XM clients with a micro or standard account (learn more about XM accounts). They offer 100% bonus on every initial and recurring deposit during the promotional period. This XM 100% deposit bonus is made for both our existing and new clients to help them equally benefit from the advantages it offers. The existing real account holders are instantly eligible for the bonus on each deposit they make, while new clients can claim the bonus once they register a real account of their preference and deposit funds in it, starting from as little as $5, and with the deposit charges covered by XM.
Every client is eligible to receive a maximum daily bonus amount of $1000 on all their deposits made during the promotional period. Bonuses are instantly credited into clients’ trading accounts, and thus immediately available for trading.
How to receive XM deposit bonus?
- Sign up with XM.Com
- Open a micro or standard account
- Make a deposit and receive the bonus instantly.
Withdrawal conditions
You cannot withdraw the bonus amount itself, but you can withdraw your profits and your own funds at anytime you want. There will be no additional requirements/conditions to withdraw your funds or profits, by joining this promotion.
Terms and conditions of XM deposit bonus
We have summarized some of the important rules of the promotion below:
- The promotion is available only once per client, household and IP address.
- None of the bonus amount through this promotion, can be withdrawn.
- There is no restrictions of withdrawing your own funds and profits, and you can perform withdrawals of your funds at anytime you want.
- In case you withdraw a part of (or full) your funds, the whole bonus amount will be nullified.
- In case you transfer a part (or full) your funds to another account, the bonus will be also transferred to the receiving account according to the % of the funds transferred.
- XM allows all kinds of trading activities on their platforms through the promotion, except arbitrage.
- The promotion is available along with other promotions including no deposit bonus and loyalty point program.
Open an account at XM and get this forex bonus now.
Mario draghi
Hey, I’m mario draghi. I’m a writer currently resided in thailand. For my forex experience, I have been working with brokers and trading for 5 years. Hope that you'll enjoy my articles about all forex-related matters.
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All you need to know about the XM bonus
XM is a well known forex & CFD online broker. They’ve also won many awards for their trading services, plus they’re regulated by ASIC, cysec and the IFSC.
However another key feature of the broker that we’d like to mention is the XM trading bonus.
But how much is this bonus and how can you claim it?
To find the answers, keep reading to learn all you need to know about the XM trading bonus process.
*your capital might be at risk
How much is the XM trading bonus?
The XM trading bonus is worth 30 USD, and it’s available to new traders who have recently opened an account.
Best of all there’s no deposit required. You can get the bonus just by opening an XM account.
You’ll only need to deposit funds to your account when you’re ready to start live trading.
Once you’ve finished the account opening steps, the $30 will be credited automatically to your trading account.
The money should normally be showing within 30 minutes, but sometimes it can take up to 24 hours max.
*your capital might be at risk
XM trading bonus key points:
- No deposit is required
- The $30 bonus is credited directly to your account
- Only available to NEW users“it is not available for clients registered under the EU
regulated entity of the group (ESMA regulations)”.
XM bonus terms and conditions
You should know that the $30 XM bonus is not available for withdrawals.
This is to prevent people from opening an account and withdrawing the money without making any trades.
Instead the $30 is to be put towards forex & CFD trades. However, the good thing is that you can keep any profits made from those orders.
That’s why we’d recommend that you take your time and not rush to make trades. That way you’re more likely to place worthwhile trades that could make a profit.
By making a profit from your trades, you’ll make the most out of the XM deposit bonus.
We should also mention that although it’s rare, the broker can withdraw their promotion offer at anytime if they think it’s being misused.
*your capital might be at risk
XM forex account types
As you know, you’ll need to open an XM account in order to claim the bonus. But you’ll need to select which trading account type you want to have.
Currently XM has 3 trading accounts available:
- Micro account – minimum deposit $5
- Standard account – minimum deposit $5
- XM zero account – minimum deposit $100
For new traders, the most popular accounts are the micro and standard accounts as they have an incredibly low minimum deposit of just $5! They 2 account also offer commission free trading & competitive forex spreads from 1 pip.
The main difference between the micro & standard accounts is the lot size. For example, the contract lot size for the micro account is 1,000 for 1 lot, and the standard account contract size is 100,000 for 1 lot.
The XM zero account is aimed at more experienced traders, and comes with a higher minimum deposit of $100.
It offers extremely low spreads on all major forex pairs starting from 0 pips, but a commission is charged on trades.
However, all accounts offer access to the XM MT4 & MT5 trading platforms, so you just need to consider which one suits your needs the best.
*your capital might be at risk
How to claim the XM bonus
To claim the XM bonus you’ll need to sign up for one of XM’s 3 trading accounts.
The sign up process takes about 10 minutes and can be done completely online.
As part of the sign up process you’ll need to provide some personal info such as name, address and contact details. The broker will also ask you questions on your previous trading experience and financial situation.
XM will also need to verify your identity. This must be done so that the broker can meet regulation requirements on security.
Make sure that you have the following 2 documents to hand:
- 1 proof of address: a document showing your latest address- a utility bill/ bank statement
- 1 proof of identity: a photographic ID- so driving licence, passport or government ID
The identity documents can be photographed with a smartphone or scanned then uploaded directly to the broker. Just follow the steps as shown on the screen.
After this the account set up steps are finished!
If you need assistance at anytime the XM customer support team is available 25/7 to help.
When your account is ready to open, the $30 bonus money should be showing in your account within 24 hours.
*your capital might be at risk
Author of this article and founder of tradingonlineguide.Com
My aim is to help you increase your trading knowledge with helpful content. I come from an economic background and have a strong passion for forex trading. With more than 6 years in the online trading world, I want to share my financial knowledge so that anyone can develop their investment skills.
In my spare time I enjoy cooking and travelling.
Here you can learn more about our review methodology.
XM $30 no deposit bonus
XM no deposit bonus scheme is a business terms of XM forex broker that is only eligible for new clients. XM is a forex online broker regulated by the cyprus securities and exchange commission, the australia securities and investments commission, and the trading point of financial conduct authority.
Therefore, you can trust XM for trading forex related services. It offers trading activities through MT4, MT5, and webtrader trading platforms.
Moreover, let’s know the process to get free $30 no deposit bonus on XM platform.
How to get the XM $30 no deposit bonus for free?
- Signup to XM broker by opening real account.
- Verify your account by providing all your necessary documents.
- Go to the member area and perform SMS (phone number) verification.
- Click on claim your bonus.
- Get 30 USD or equivalent no deposit trading bonus.
- It may take up to 24 hours to get no deposit bonus in your real account.
How to withdraw profit from XM no deposit bonus?
Before withdrawing profit amount, the trader must complete at least 10 micro-lots (0.1 standard lots) and also complete at least 5 round turn trades in real account. You can verify this by visiting member area > account > trading history.
As per XM terms and policy, you cannot withdraw the initial no deposit money i.E. $30 bonus. The free bonus provided by XM will be removed proportionally after making the profit.
Here is the example of XM fund withdrawal from $30 no deposit bonus
Example 1: if you haven’t deposit real amount in XM
No deposit trading bonus amount | USD 30 |
profits generated from trading with the no deposit trading bonus | USD 100 |
balance available for withdrawal | USD 100 |
amount of requested withdrawal | USD 40 (40% on USD 100) |
amount of trading bonus removal | USD 12 (40% on USD 30) |
Example 2: if you have deposit real amount in XM
No deposit trading bonus amount | USD 30 |
deposit amount | USD 500 |
profits generated from trading with the no deposit trading bonus | USD 100 |
balance available for withdrawal | USD 600 |
amount of requested withdrawal | USD 360 (60% on USD 600) |
amount of trading bonus removal | USD 18 (60% on USD 30) |
Terms and conditions – XM no deposit bonus
Before claiming free bonus, don’t forget to check XM terms and conditions for no deposit bonus. Here are some of the conditions.
- XM $30 bonus is only eligible for new clients.
- Clients must claim the free bonus within a 30-day of opening account.
- Eligible client must hold only one account per 1 unique IP address.
- No deposit bonus can’t be transferred between live trading accounts in XM.
Find all of the XM bonuses you can get for your deposit
XM is one of the largest and most reliable forex and other retail traded assets out there. The forex broker has been around for a while now and so far have managed to create an enviable reputation for themselves. They have a wide variety of products that they offer to their users, some of the best trading platforms available to the retail markets, as well as some of the most interesting and beneficial bonuses that a broker can offer on the market today. The XM bonus is what we are going to be talking about today. But the number of bonuses is high and the variety is pretty impressive. Most users will be able to find a bonus that fits them and provides them with something that they can surely enjoy starting their work with.
Of course, there are XM bonus conditions that you will have to make yourself acquainted with before you start getting fully invested in receiving the bonuses. Each kind of bonus has its own, relatively unique conditions that will affect how you work with the bonus. Although, despite this, all of the bonuses that XM offers are relatively easy to claim and to withdraw. All it takes is to get a little bit of trading done with the company, and you will most likely be able to make the withdrawal that you want. But let us get into more detail and do some quick XM bonus review by bonus so that you will have the information available to you before you start trading with them.
XM no deposit bonus
In this quick XM no deposit bonus review, we are not going to get into too much detail about the bonus, but we are going to cover some general items, that might be interesting to users. The first thing we should be mentioning that not all countries have access to this opportunity. Although, despite residents of certain countries not having access to it, this is still one of the broker’s most popular products. Acquiring is rather simple – all you have to do it go to the XM promotions page and select the no deposit bonus before you register with the company. Once you do have the deposit on your account, you can start trading with the free money and get yourself either some ice experience with the market or even some income, without investing anything.
There are, of course, the XM no deposit bonus terms and conditions that you need to consider. The most important one is the fact that you will not be able to conduct an XM no deposit withdrawal, unless you have traded with the no deposit money, or until you have deposited some additional money onto your account.T he reason for this is pretty simple: they don’t want you to end up just getting the free cash and running. They want you to use the cash to trade on the market, at least a little and end up creating more value with the cash they have given you. This way both sides win. This is standard practice with all no deposit bonuses among other FX brokers as well. There are other, general conditions that apply to this and other bonuses as well, but the specific one needed to be mentioned.
Extra 50% offer – A generous XM deposit bonus
The XM 50% deposit bonus is a nice bonus that you get a hold of once you enter the code for the promotion into the available box when depositing some additional funds onto your account. This deposit bonus is a very nice opportunity to multiply your available trading capital by a little bit. While the no deposit bonus is limited to only thirty dollars, a user will be able to get much more out of this bonus. Acquiring this deposit bonus is rather easy, you just have to consider what the limitations and conditions for the bonus are.
The XM 50 bonus terms and conditions are not much different from those that you have to deal with in the no deposit situation. The only thing you need to consider to take full advantage of the bonus is the fact that there is a limit on the amount of money you will be able to receive as a result of the bones. The bonus goes up to as high as $500, which limits your deposit (to receive the full amount of the bonus) to only one thousand US dollars. Though this is not a small amount of money, and could actually produce some very impressive results in terms of trading if used right of course. Other, general bonus terms and conditions apply as well, of course.
20% deposit bonus
The 20% XM trading bonus is a deposit received by the trader, that they become eligible for only after using the 50% deposit bonus. While the 20% might seem to be a little less generous than the previous one, the truth is quite the opposite – a trader that deposits enough will be able to receive a lot more money. The maximum bonus amount for this type of bonus is four thousand five hundred US dollars, which is an insane amount of money to receive as a bonus, an amount that nobody would mind having as “free” money to trade with.
The thing is, bonus conditions here are much more strict than in the other case. The reason for this is quite simple – this amount of free money need way more oversight and way more attention paid to it. This is why the traders will have to use the 50% deposit bonus before receiving access to this. Once they do have access, the users will have to consider whether they are ready to receive the bonus and spend the next few months trading with enough capital to fulfill the requirements to be able to claim the bonus for themselves. The withdrawal is not free, not until the users will have traded the entire amount of the bonus. While some traders might find this to be a bit of an issue, this kind of requirements is pretty standard, as brokers have to protect themselves from losing money simply by giving it away and letting traders withdraw it, without ever trading it.
Free VPS
The users who are lucky enough to decide to start trading with XM will also get access to virtual private servers. Not many people will understand all of the benefits of this XM registration bonus, though the benefits are very much important. Some of the biggest benefits a person will be able to receive are the elimination of server downtime, the ability to access their trades and their platforms from anywhere in the world, and the high speed of trade execution. These benefits may turn out to be what makes or breaks a person’s revenue for the day – a trade executed from far away in the world and immediately may save a lot of time and a lot of money in the long run.
Of course, this bonus comes with certain terms as well. These terms are relatively easy to find and access, and they are not that hard to comply with. All you have to do is have deposited a certain amount of money with the broker, as well as taken advantage of some of their other bonuses. In the end, the work you put into complying with the requirements and receiving this bonus is way worth the benefits you will receive.
0% withdrawal fees
Most forex brokers will have a certain amount of fees on withdrawals, as a way of supporting all of the payment services that they offer. This is not the case with XM. This bonus is part of their offer to all of their loyal customers. They offer their users a chance to make withdrawals, no matter how large the sum of money, without ever having to pay any kind of fees. The XM bonus withdrawal option is something you won’t be able to see with a lot of other brokers, and it is something you should definitely take advantage of. This is the kind of thing that will make your operational costs go down, very quickly when you are trading with XM. Just like with everything else, there are certain XM bonus terms and conditions you have to satisfy, but they are not complicated and should not take you too long to get through.
Loyalty program
The loyalty program is not a direct XM bonus account offer, but it is something close. In reality, the loyalty program is more of an access permit to all kinds of promotions and bonuses that the company offers on a regular basis to its clients. Seasonal promotions happen throughout the year, which means that staying with the platform will get you some offers that you did not know were available before. What is more, this bonus requires registration to be up for a long time but results in some exclusive offers being made to the users who stick with the platform. These exclusive platforms are not seasonal but tailored to the needs of individual, long term users and they can be an amazing boost to a user’s trading capabilities when they do come.
Perfect guide to using XM no deposit bonus is here
XM is one of the best-known forex brokers and it offers its services to traders around the world. With its regulations and authorizations, it also stands to be a very safe solution for many. Bonuses and promotions are something that interests a lot of people, and in today’s guide, we are going to talk about one of the most attractive bonuses, the no deposit bonus.
Many forex brokers have no deposit bonus, but XM no deposit bonus seems to be the most popular one. What is the reason behind that? We are going to talk about that in this guide. So, if you want to start trading with XM without risking your real-life funds, follow our XM no deposit bonus review carefully!
What is XM and why is it so popular?
Before we start talking about XM 30 bonus conditions and the ways to use it, let’s talk a little about XM. XM is a forex broker that is very popular around the world, it is suitable for both, beginners and experienced forex traders. It offers many different types of promotions, bonuses, and account types that can be used by both, seasoned and amateur forex traders.
It has an 11 year-long history and has been very popular since its establishment in 2009. In addition to the no deposit bonus, that we are going to talk about today, the broker also has many other bonuses and promotions that are very popular among forex traders.
What is XM $30 bonus and who can use it?
No deposit bonus basically means that you can start real-life forex trading without making any deposits. For many beginner forex traders, it is a way to start trading without having to risk your real-life funds. Many traders are using it because it offers them a chance to start trading without having to spend any money.
Anyone can use the XM no deposit bonus as long as they are older than 18 years old. It can be enjoyed once you have created a live trading account, the process will be discussed in detail below.
There are many different platforms that offer no deposit bonus, but in most cases, you can’t know if they can be trusted or not. In the case of XM, it is very safe to trust anything that this broker offers. XM is one of the safest and trustworthy FX brokers on the market, it is authorized and regulated by some of the biggest regulatory bodies son the market, which ensures that you and your funds can stay safe with this forex broker.
XM free bonus is a great way for beginners to start trading, try out the market without risking their funds, and becoming a successful forex trader.
If you wish to use the bonus, in addition to being at least 18 years old, you also should not have any history of violating the broker regulations. Also, if the company suspects that you are violating or are abusing the rules of the promotion, the broker will withhold or withdraw the trading bonus, or any other promotion. Every customer can only get the XM welcome bonus once, to make sure that you are not violating this rule, the bonus is attached to the IP address, therefore you can only use it once. Also, once you have created the real trading account, you only have 30 days to claim the free $30, after 30 days, you will not be able to use the promotion anymore.
How to get the XM bonus
The process of getting this bonus is very simple and only takes several steps. As you go to the official website of XM and check out the promotions section, you will have access to every type of information that might be important for you before you start enjoying the bonus. Also, the website is very user-friendly, which makes using it very easy even for those who do not have much of an experience with forex trading.
Once you access the page of promotions, you will see there a few different options. To get your bonus, you will have to choose a trading bonus, you can get to the page from here. Once you are on the right page, you can choose the no deposit bonus. In order to get the bonus, you will have to own a real trading account where you will be using 30 USD. So, once you click ‘claim your bonus’, you will be redirected to a page to create a real trading account with XM. It is a very simple process, which will only take a few minutes. Let’s go through the registration process, so it is a lot easier for you.
XM no deposit bonus terms and conditions
The great thing about no deposit bonus is that it does not have any type of financial obligation from the traders, however, there are some rules that you need to be aware of before you start trading. First and foremost, as it represents a welcome bonus, only those who are just starting out with the broker can enjoy it. So, if you have been a user of XM for a long time now, you can enjoy the offerings of this bonus.
Clients wanting to use the bonus should fulfill some criteria, such as they should be older than 18, should be allowed to trade in their country of origin, and the account should not be created more than 30 days ago. Also, one user can only use the promotion once.
Also, you can not transfer the bonus money from one real account to another, according to the XM $30 bonus terms and conditions, the money can only be used for trading for the account it was initially applied to. Also, you are not able to withdraw the money, since it is for trading only. XM bonus conditions are very simple and it can be followed very easily, however, to make sure that you are doing everything right, check out the official website of the broker carefully.
How to create an account for XM 30 dollar bonus
To enjoy the bonus, you will need a real money account on XM. Creating one is super easy and will take you just a few minutes. Firstly, you need to fill the first part of the registration application. Here, you will be required to provide your personal information, such as first name, last name, your country of origin, your phone number, e-mail address, etc. You will need your phone number and e-mail to verify the registration.
In addition, you are also able to choose the language you want to be using the platform in, XM offers a wide range of languages. You can choose from 25 different languages, such as english, spanish, german, italian, french, etc.
Once you have provided personal information about yourself, to continue the process of registration, you will need to choose the trading platform type. As of now, there are metatrader 5 and metatrader 4 available on the website. We will discuss the differences between the two platforms later in the guide.
Once you have provided every information and chosen trading platform, you will have to choose the account type you want to be using. There are five different options for the users of XM, they include micro, standard, XM zero, XM ultra loc micro, and XM ultra-low standard.
These accounts can all be used for XM global 30 USD bonus, however, not every one of them is created for everyone.
What to do once you have registered?
Once you are done with creating the XM bonus account, you need to log in to the member’s area in order to receive the welcoming bonus. Also, you will receive an email from XM on your email, there, you will be able to access ID for members’ area. After this, you will also need to validate your XM account. This a very simple procedure, you will only have to upload your documents for verifications.
You will have to upload two different documents, a color copy of a valid passport, driver’s license, or any other legal document that proves your identity, and POA, proof of residence. It can be either a bank statement or utility bill that dates within the last 6 months. It can take several days for the company to approve your documents.
Once you have done all of these, you will be able to claim an XM $30 bonus. Also, you will have to also verify your XM deposit bonus. This is done by SMS or voice verification, after this is done, the broker will transfer th3 $30 on your trading account. In most cases, the transaction takes up to 30 minutes, however, in some cases, it might take as much as 24 hours, so do not panic if the money is not on your account right away. Once you have recieved the money, you are free to start trading!
What are the differences between the account types?
Before we continue with our XM $30 bonus review, let’s talk a little about the differences between the account types. Micro accounts at XM can use USD, EUR, GBP, CHF, AUD, JPY, HUF, and PLN as the base currency and can get started with a minimum deposit of $5. 1 micro is 1,000 units of the base currency. Ultra-low accounts can use EUR, USD, GBP, AUD, ZAR, SGD as the base currency and traders will require a minimum deposit of $50 USD. 1 standard ultra lot is 100,000 units of the chosen base currency, while 1 micro ultra lot is 1,000 units of the base currency.
Standard accounts can use USD, EUR, GBP, CHF, AUD, JPY, HUF, and PLN as the base currency and started can start with just $5. Zero accounts can use USD, JPY, and EUR as the base currency and will require a minimum deposit of $10. Forex traders using XM can also enjoy demo accounts, which are a great way for you to learn more about forex trading, come up with new strategies, and test your trading tactics.
XM bonus rules on withdrawals
One thing to remember before you start using this promotion is that the initial deposit can not be withdrawn, because it only has a traidng purpose. So, say that you have already traded for a while, if you want to withdraw the money, the initial amount of XM $30 bonus will be removed proportionally. However, to be able to withdraw the money, you will need to complete at least five round turn trades and the trading account should reach 0,1 standard lots.
The thing about no deposit bonuses is that some of them have requirements that are impossible to reach for beginner traders, so in most cases, you do not really want to use them. However, the XM broker bonus trading volume requirement is acceptable and realistic. It is very important to understand everything about XM 30$ bonus terms and conditions, to make sure that you and your funds can stay as safe as possible.
What are available trading platforms at XM
While making an XM bonus review, it is also very important to talk about the trading platforms that you can use with XM. During the registration process, you are asked to choose one of the two available trading platforms, metatrader 4 and metatrader 5. Both of these platforms are created by a russian company called metaquotes. MT4 has a very long history, it was created in 2005 and since then it has been one of the most popular platforms on the market, 90 percent of all the broker around the world are using MT4, which makes it even more popular.
It is very important to choose the right trading platform since you need to be sure to use the XM forex no deposit bonus at its best. However, you should make your decision depending on your trading needs and requirements, not on how frequently is it used. In reality, there is not that big of a difference between MT4 and MT5. MT4 is a predominantly forex traidng platform, while MT5 can also be used for trading instruments such as indices, precious metals, etc.
In most cases, people who choose MT5 are doing so because of the fact that it can be used directly on the browser, while MT4 is available only as a downloadable version. So, choose your favorite trading platform and start enjoying XM global bonus now!
In general, why would someone avoid no deposit bonus?
There are many people who believe that no deposit bonus is something that should be avoided at all costs. In some cases, they are right. However, this depends a lot on the broker that you are using. Something that you need to remember is that the market is full of scam companies that are trying to get to people, lie to them, and use their money for their own good.
To avoid this, you should only trade with the forex brokers that own authorizations from some of the most trustworthy regulatory bodies on the market, which XM does have. Another thing that could potentially help you to stay safe is to strictly follow XM bonus terms, read them carefully, and only then start using it.
Also, in many cases, even if the broker is not a scam, there are many things that can hide behind this promotion. For example, there have been a number of cases when people were not warned that there were some types of commitments from them involved once they have used this promotion. In the case of XM, everything is very straight-forward and easy to understand, which makes XM’s free bonus a lot trustworthy than its rivals on the market.
Why is XM’s no deposit bonus better than the others?
We believe that one of the biggest reasons why XM’s bonus is much better than the others is that the XM 30 USD bonus conditions are written on their official website very accurately. It can be accessed and checked by anyone who wishes to, which makes using it a lot safer.
We believe that XM bonus 30 truly is something that you should use, especially if you want to get to know with this trading company better. This no deposit bonus is one of the best on the market and works perfectly for everyone, no matter you are a beginner in the field or an experienced trader who is just starting to trade with XM, you can enjoy this promotion a lot. In addition to everything else, the reputation of the broker is perfect, which makes trusting this promotion the right thing.
The thing about XM is that it is licensed by the most trustworthy regulatory bodies on the market and there is no chance that this company will do something that will damage your interests. In addition, it has been offering services to traders worldwide since 2009, and it was able to further develop its services to make it a lot easier for forex traders to use. The website of the trading company is very easy to use, and even those with little to no experience can get around and understand it very easily.
We very proudly recommend to you to try this amazing trading company with its many offerings, bonuses, and promotions that can make your job a lot easier and can make your trading experience a lot more fun. With some of the best trading platforms, it offers you access to a very huge market, enabling you to trade with many different types of currency pairs, including majors, exotics, etc.
So, check out the XM $30 bonus conditions carefully and start trading now!
Xm deposit bonus terms and conditions
An impressive organisation putting their money into some big brand exposure activity, sponsoring the worlds fastest man, usain bolt. A lot of bonuses and competitions to take part in, making XM one of the highest recommended brokers on our list. Very friendly for new traders with an extensive education / learning section.
Sleek, modern appeal for the “new age” trader
I stumbled across XM forex trading by way of a banner advertising a million dollar forex trading competition. After visiting the website, I was impressed by the very modern feel, they look very much like a forex broker targeting the younger generation.
On their website they also proudly display their sponsorship of usain bolt which couldn’t have been cheap. I always take notice of companies that engage global superstars as brand ambassadors because the truth is, these types of relationships are very much controlled and dictated by the celebrity. A personality like usain bolt has a huge reputation to uphold, countless sponsorship offers and is a mega brand in itself so they would have taken great care in only selecting reputatble businesses to promote. Therefore, XM receives a big boost of credibility in my books.
Opening my account
Very straight forward. Enter details, confirm an e-mail, login and I was requested to upload ID documents through their website. All went smoothly. Within 24 hours, I had a call from my account manager who introduced herself and let me know that I can get in touch with her at any time for assistance. Within another 24 hours, my documents were all verified and I was ready to go.
The million dollar competition
In truth, I signed up so that I could take part in the million dollar trading challenge. Of course I must open an account at many brokers so that I can report here for this website.
The competition details can be found at www.Xm.Com/forex-world-championship/overview but in short, there are 10 rounds of play, each round lasting a calendar month. You start with $10,000 virtual currency and try to make it into the top 5. There are cash prizes for finishing in the top placings each month and the top 5 places gain entry into the semi finals. The winner of the grand final wins a cool $150,000. Not bad for a free game based on skill as well.
Newbie friendly
XM have done everything so well to attract what I would call “new age” traders (people in their 20’s, disposable income, looking for a challenging investment) and ensure that the biggest hurdle for any new trader, education, is covered from top to bottom. The market is tough to grasp so a lot of people need some guidance in understanding all those terms, the charts, the patterns, etc. Sure you can have random fun with a $100,000 demo account but at the end of the day, discplined trading follows a strategy and without anything to learn from, it makes it difficult to want to jump in to real money trading.
Traders of any level should feel extremely comfortable working through the extensive education section at XM.
Key benefits of trading with XM
- Real-time market execution with no re-quotes and no rejection of orders
- 16 MT4- and MT5-based platforms for seamless trading operations
- The same fair trading conditions for every client
- Personal account managers in over 30 languages
- Free trading signals in over 25 languages
- Free live webinars in over 16 languages
- Daily technical analysis and market reviews in multiple languages
- Regular on-site seminars in various countries in the world
All XM bonuses and promotions are subject to terms and conditions, including different bonus amounts and limited availability in some countries. Please check the eligibility rules on the website for more information.
Deposit | bonus amount | bonus code |
---|---|---|
$0 | $30 | none required |
up to $1000 | up to $500 | none required |
up to $23,500 | up to $5000 | none required |
$30* no deposit bonus
Open a new account with XM and receive $30 or the equivalent in your chosen currency without making a deposit. The money is automatically credited to your account. The bonus can’t be withdrawn but any profits you make can be withdrawn. An excellent way to get started trading real money without having to put up your own. Highly recommended.
Up to $5,000* in deposit bonuses
You can receive up to $5,000 (or your currency equivalent) in additional bonus funds through a 2 tier deposit bonus system. You will receive a 50% bonus on your deposit up to a maximum of $500, then 20% on any amount over to make up to another $4,500 in bonuses. In other words, if you deposited $5,000 you would receive:
- 50% bonus on your first $1,000 which would give you $500 bonus funds and reach the limit of the first tier
- 20% bonus on your remaining $4,000 which would give you $800 bonus funds
- Your total account balance therefore would be $6,300 (your $5,000 deposit + $500 bonus + $800 bonus)
So this means to receive the maximum $5,000 bonus you would need to deposit $23,500 which is broken down as follows:
- The first $1,000 gives you a 50% bonus which is $500
- The remaining $22,500 gives you a 20% bonus which is $4,500
- Together, the bonus amount is $5,000 on your deposit of $23,500
Our opinion is that this is the best value bonus available right now from the reputable brokers.
Loyalty reward points
You can earn loyalty points through every trade and convert them to bonus funds. Points can be earned from even the smallest micro lot transactions so this is a great way to build up additional credit as you trade.
This ensures that as a client of XM you are consistently rewarded for trading, regardless of whether you are winning or not.
XM regulation & licenses
Where is XM regulated?
XM is authorised and regulated in 3 countries: australia (ASIC), cyprus (cysec) and the united kingdon (FCA).
You can view the licenses: ASIC, FCA, cysec
With australia and the UK both having very strong reputations as stable, first world countries, you can be assured that your dealings with XM are safe and secure.
Furthermore, XM is registered in 10 european countries including germany, spain, italy and france.
Our opinion is that XM is undoubtedly one of the leading forex brokers in the global market.
Minimum & maximum deposits / withdrawals
XM deposits summary table
deposit method | minimum | maximum | fees |
---|---|---|---|
credit card, neteller, skrill | 5 USD | varies by method | XM |
bank wire | 200 USD | varies by bank | sender pays bank wire fee |
XM minimum deposit
The minimum deposit at XM is 5 USD or the equivalent in any other currency when depositing via credit card or electronic payment (neteller or skrill). All fees are covered by XM. If you are depositing by bank wire, the minimum is 200 USD or the equivalent in any other currency. Fees in this case are only covered on the receiver’s side. You will have to pay whatever your bank charges you for a wire transfer.
XM maximum deposit
The maximum deposit at XM will generally be limited by your deposit source. Bank transfers are the best option if you wish to deposit a large sum of money for your trading account.
Please note that deposits can only be made from account in the same name as your trading account.
Paypal does not appear to be an option for depositing at XM.
XM withdrawals summary table
withdrawal method | minimum | maximum | fees |
---|---|---|---|
credit card, neteller, skrill | 5 USD | varies by method | XM |
bank wire | 200 USD | varies by bank | XM pays bank wire fee |
XM withdrawals
The minimum withdrawal methods and amounts are exactly the same as deposits. Once again, XM cover fees and do not charge any fees for withdrawals. This is why we believe that XM are one of the best forex brokers.
XM bad reviews
Is XM a scam?
Our verdict is NO. We found that XM representitives were very prompt in replying to all claims made through popular online forex forums. The result of most cases involved customer fraud – people opening multiple accounts, claiming multiple bonuses or not understanding the terms and conditions of trading. We also saw some cases where XM appeared to be at fault, but they were all resolved properly by XM.
We are satisfied that XM handles complaints efficiently. There are no obligations for any forex broker to participate in 3rd party forums but XM make an effort to be available and that’s a very big positive.
What is trust score?
This is a rating out of 100 which we calculate for each broker based on a combination of factors, all of which you will find below on the scorecard.
Every broker starts with a base score of 100 and we subtract points according to what criteria they match in each category.
Whilst trust score provides a good insight into the broker’s reputation, our overall rankings are based off our own thorough reviews plus the user reviews. Therefore, brokers with a high trust score aren’t always guaranteed to be ranked at the top.
XM scorecard – 99 / 100
Major sponsorships: the fastest man on the planet, usain bolt is sponsored by XM. This provides a large credibility boost for this broker as usain bolt would only be associating himself with brands that can further enhance his reputation.
So, let's see, what was the most valuable thing of this article: want to know the real conditions of XM deposit bonus? Check out the requirements for XM bonus deposit and find out the withdrawal process policies. At xm deposit bonus terms and conditions
Contents of the article
- Free forex bonuses
- XM deposit bonus: policies and limitations
- XM deposit bonus description
- Another XM bonus program
- XM broker account types
- Advantages
- XM no deposit 30 USD bonus – read an honest review
- XM free 30 USD no deposit bonus description
- XM free trial available platforms
- XM 30$ bonus terms and conditions
- How to get XM $30 no deposit bonus?
- Steps for getting the no deposit XM bonus:
- Perfect guide to using XM no deposit bonus is here
- What is XM and why is it so popular?
- What is XM $30 bonus and who can use it?
- How to get the XM bonus
- XM no deposit bonus terms and conditions
- How to create an account for XM 30 dollar bonus
- What to do once you have registered?
- XM bonus rules on withdrawals
- What are available trading platforms at XM
- In general, why would someone avoid no deposit...
- Why is XM’s no deposit bonus better than the...
- XM DEPOSIT BONUS. LEARN ITS SECRETS NOW!
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