XM trading bonus gives a $50 reward that can be withdrawn. This bonus is available for any new client who claim it within 30 days of opening their account.
In today's fast-paced financial markets, where traders face constant challenges and volatility, brokers are always looking for ways to differentiate themselves and attract and retain clients. One common tactic used by many brokers, including XM, is to offer trading bonuses to both new and existing clients. These bonuses can provide traders with additional funds to trade with, potentially increasing their profits and giving them more opportunities to participate in the markets.
XM trading bonuses can be a valuable tool for traders to increase their trading capital and reduce their trading costs. However, it's essential to read and understand the terms and conditions of each bonus and to choose the one that best suits your trading style and needs. But before getting into the details, let's get to know XM broker a bit further.
Why XM?
XM is a reputable broker that has been in operation since 2009 and has its headquarters in various countries including Australia, Germany, Spain, Italy, Cyprus, the United Kingdom, New Zealand, Belize, the European area, and France. With over 4 million clients, XM offers Forex/CFD trading services. It is regulated by various authorities such as ASIC 443670, BaFin 124161, CNMV (Spain) 2010157773, CONSOB (Italy) 3046, CySEC 120/10, FCA (UK) 538324, FSP (New Zealand) FSP235905, IFSC (Belize) 000261/309, and ESMA.
Clients who choose to trade with XM benefit from negative balance protection. This ensures that clients cannot lose more than their deposit amount. This ensures that clients' funds are protected in case of any unexpected events.
XM| Specifications| Review | Testimonials (52) | News (12) | Articles (24) | Bonus (14) | Promotions (7) | Vote Now
ReviewStart Trading
Website
www.xm.com
Established
2009
Leverage
1:1000
Min Deposit
$5
Regulation
FCA, CySEC, BaFin, CNMV, FSP (New Zealand), ASIC, CONSOB (Italy), Belize Financial Service Commission (FSC), ESMA
Key Features Extensive Review
Bonuses
Personal manager
Segregated accounts
Free education
Trading by phone
Compensation scheme
Negative balance protection
VPS
Affiliate program
Copy trading
Webinar
WebMoney
Skrill
Wire transfer
Neteller
CashU
QIWI
FasaPay
XM Group is a group of regulated brokers and it is owned by Trading Point Holdings Ltd. Entities under XM Group have significant experience as financial services providers worldwide.
Trading Point of Financial Instruments Ltd was established in 2009 with headquarters in Limassol, Cyprus, Trading Point of Financial Instruments Pty Ltd was established in 2015 with headquarters in Sydney, Australia, XM Global Limited was established in 2017 with headquarters in Belize and Trading Point MENA Limited was established in 2019 with headquarters in Dubai.
XM Group is regulated by the CySEC (Cyprus Securities and Exchange Commission) - Trading Point of Financial Instruments Ltd, FSC (Financial Services Commission) – XM Global Limited, the ASIC (Australian Securities and Investments Commission) - Trading Point of Financial Instruments Pty Ltd and DFSA (Dubai Financial Services Authority) - Trading Point MENA Limited.
XM is one of the more experienced brokers in the world of online forex trading today. Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and EN Live Edu that is instructed by 16 global experts.
In terms of trading instruments, XM is a well-known diverse class assets provider, varying from Forex, Crypto, Stock CFDs, Turbo Stocks, Commodities, Equity Indices, Precious Metals, Energies, & Shares. XM prides itself to be the ideal broker in trading execution, offering a stat of 99.35% orders to be executed in less than 1 second. Trading in XM would be also provided with a strict no requotes policy, no virtual dealer plug-in, no rejection of orders, real-time market execution, and the choice for traders to place orders online or by phone.
Spreads on all majors can reach as low as 0.6 pips in Ultra-Low Account, while spreads on other accounts usually start from 1 pip.
To protect the client's fund in the event of extreme volatility, XM presents each account type with Negative Balance Protection. Minimum deposit of $5 applies to Standard, Micro, and also Ultra-Low Accounts. Traders who open accounts in XM are enabled a condition similar to a Cent Account environment in the Micro Account, in which the Contract Size for every lot is only 1,000 units. If it is applied with the smallest lot size in the MetaTrader platform which amounts to 0.01, it means that traders can go as small as 10 units per trade.
For the deposit, XM applies zero-fee deposits in most of its available payment methods. Traders can choose to fund or withdraw their accounts via wire transfer, credit card, as well as the most favorable e-payment choices like Skrill, Neteller, and FasaPay.
To give their clients the best experiment in trading, XM has given access to both MT4 and MT5 platforms, each is available for more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android, and Android Tablet).
All in all, there is no doubt that XM has gone global with its deep commitment to providing services in more than 30 different languages across the world. Aside from easing traders' experience with mainstream trading platforms and high-quality trading execution, XM is open to various types of traders, from small capital traders to the more experienced ones with big deposits at the ready. Traders are even provided with a Cent Trading environment should they choose to register under Micro Account.
For their global approach, XM has ensured that traders from various countries could access their service easily. This results in the provision of different domains specified for traders in certain jurisdictions. For example, traders from Indonesia could access XM via this link.
What is XM Trading Bonus?
XM trading bonus is a program designed to attract new traders to test the quality of their execution in a real trading environment with no investment risk. XM is pleased to offer its new clients a $50 trading bonus that can be utilized in their real account.
The greatest aspect of this welcome bonus is that profits earned from it can be withdrawn without the need to make a deposit. Upon claiming the bonus, it will be instantly credited to your account and can be utilized for trading purposes. Any earnings that are generated can be withdrawn at any time. However, withdrawing funds will lead to proportional deduction of your trading bonus.
See Also:How to Avoid Bonus Withdrawal Problems
XM offers various base currency accounts, and the bonus will be given in the currency of the account you opened. For example, if you open an account in EUR, you will receive an equivalent of $50 which is 42 in EUR, 33 in GBP, 42 in CHF, 5000 in JPY, 50 in AUD, 167 in PLN, 11667 in HUF, 67 in SGD, 578 in ZAR, or 1600 in THB.
Where to Find the Information on the Official Broker Site?
- This information is reported per Mar 8 2023.
- We can not ensure if this offering is still available or remain the same in future.
- The broker announcement page may or may not exist anymore, You may explore XM homepage and try to find "Promotion" section on the menu, footer, etc, to ensure the availability and validity of this promotion .
Key Terms And Conditions
- The recipient must be at least 18 years old or considered of legal age in their country of residence.
- The client must be a first-time recipient of this particular bonus.
- The recipient cannot share the same IP address with an existing XM bonus account holder. If XM broker detects the same IP, the recipient will be disqualified from receiving the bonus.
- If one family member has already received this bonus, it will no longer be available for the rest of the family members.
- Any individual who has a direct or indirect connection to the XM company is not eligible.
- XM can provide the bonus to residents of any country as long as it is deemed appropriate by the company.
- Clients who are registered under the EU-regulated entity of the Group are not eligible for the bonus.
See Also:Pros and Cons of European License in Forex Trading
How to Get XM Trading Bonus
For those interested in taking advantage of the XM $50 trading bonus, there are 3 essential steps to pay attention to:
Open a New XM Real Account
Go to the XM website and click on the "Open An Account" button at the top right corner of any page. Then, fill in your personal details, trading account details, and confirm your email address. As the final step, log in to your account using the MT4/MT5 ID and password provided in the welcome email.
See Also:How to Open Account in XM
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Validate Your XM Account
To begin the validation process, click on the orange "Validate Your Account Now" button. XM will require you to provide additional information about your Tax Identification Number (TIN), proof of identity, and proof of residency documents. There are two types of documents you need to upload to validate your account.
After you have uploaded your documents, the XM review team will review them to validate your account. This process usually takes less than 24 hours to complete.
See Also:XM Broker: Pros and Cons That You Need to Know
Claim the $50 XM Trading Bonus
Once you have successfully completed the account validation process, you can finally claim the much-awaited $50 trading bonus from XM. This is an incredible opportunity to start your trading journey without risking your own funds. One important thing is, you must claim this bonus within 30 days of opening your account; otherwise, you may lose the opportunity to receive the bonus. Therefore, it is imperative to act quickly and claim the bonus as soon as possible to avoid missing out on this fantastic opportunity.
See Also:Beginner's Guide to XM Account Types
To begin claiming XM trading bonus, log into your member dashboard, look for the "Trading Bonus – Claim your $50" box, and click on the "Claim Your Bonus Now" button which will direct you to a new page.
Here, you will be asked to enter your phone number and request a call back from XM. Once you receive the call, XM will provide you with a confirmation code that you must enter in the required field to complete the mobile verification process.
See Also:XM Mobile App: What Are the Top Features?
Once you have completed the verification process, you will see a confirmation screen indicating that you have successfully received the $50 trading bonus in your MT4/MT5 account.
Now, log in to your trading account, and you will see that the bonus has been credited to your account.
At this point, it is essential to note that the XM trading bonus is a powerful tool that can help you increase your trading profits significantly. As an illustration, we applied the XM trading bonus to our account and generated a profit of $4.61 from trading this bonus. This profit is entirely withdrawable, meaning you can cash out the amount once you meet the necessary trading requirements.
See Also:How to Withdraw Your Money from XM?
How to Withdraw the Profit From Trading Bonus Account
We have summarised what you should know about withdrawing the profit:
- Must trade at least 0.1 lot in total (10 micro lots).
- Must trade at least 5 rounds of trades.
- There is no maximum limit to the amount you can withdraw.
- The minimum withdrawal amount is $5 every time.
- XM broker will deduct the bonus proportionally in a percentage of the withdrawal amount.
Example: ABC, a trader who received a $50 trading bonus in his MT4 account, has successfully made a profit of $100 after completing 20 trades. They decide to withdraw $50 from their available balance, which is $100.
To calculate the amount of trading bonus that will be deducted, they withdraw 50% of the available balance, which is $50 out of $100. Therefore, the amount to be deducted from the trading bonus will also be 50% of the $50, which is $25.
This means that after deducting the $25 trading bonus from the withdrawal amount of $50, ABC will receive $25 as the net amount in their account. It is important to note that the remaining $25 trading bonus can still be used for future trades.
See Also:4 Ways You Can Improve Your Trading Skills with XM
XM Trading Bonus FAQ
- May I withdraw the bonus I received from XM's new account opening?
No, the new account opening bonus provided by XM is intended for trading purposes only, so it cannot be withdrawn. However, any profits earned from trading with the bonus can be withdrawn. If you withdraw some funds from your XM trading account, the bonus will be reduced accordingly based on the remaining balance. - How long does the XM bonus last?
The XM no deposit bonus does not have an expiration date. The bonus remains valid as long as no profits are withdrawn. - Why wasn't the XM new account opening bonus credited to my account?
To receive the XM new account opening bonus, you must apply for it in the member area after validating your account. If you fail to validate your account within 30 days of opening it or neglect to apply for the bonus, you will lose eligibility for the bonus. - Is it possible to withdraw profits made from trading using the XM bonus?
Yes, you may withdraw any profits earned from trading with the XM bonus. There are no conditions imposed by XM on profit withdrawals. However, if you request a withdrawal, you will forfeit a portion of the bonus, depending on the amount withdrawn from your XM balance. - When is it possible to receive the new account opening bonus?
The new account opening bonus can be received after your account is validated and you complete the required steps in your member area. These steps must be completed within 30 days of opening the account, as any measures taken after this period will not be accepted. - Can I claim the account opening bonus before making a deposit?
Yes, you can claim the bonus even if you haven't deposited any funds. Once your account is activated with XM, you have 30 days to claim the bonus and start trading with it. - How can I withdraw the profit I earned using the XM trading bonus?
To withdraw the profit earned with the XM trading bonus, you need to accumulate at least 0.1 standard lot and complete at least 5 round trades. The minimum withdrawal amount is $5.
See Also:XM Demo Contest: Trade and Win Up to 10K Dollars
XM broker is an established international firm and has become a true leader in the trading industry. Founded in 2009, the company works with the main principle of being "fair, trustworthy, and dependable". XM claims to support no re-quotes and real-time execution, where traders can choose from 10+ trading platforms suitable to any device.
