For more information, please visit the official XM website (Bonus Program). →
XM has so more extensive a bonus program than other brokers that many traders worldwide prefer to open an account with XM to take advantage of the program. XM's bonus programs, except for seasonal promotions, can be divided into Trading Bonus, Deposit Bonus, and Loyalty Program. This article focuses on these promotions.
XM's bonus program can be advantageous for traders because it allows them to expand their trading capital. It would be great if this article would be helpful for you in choosing a broker.
[Summary of This Article]
Traders can earn bonuses in various ways, as mentioned below. All bonuses are treated the same.
Trading Bonus: The bonus given after opening an account and completing identity verification
Deposit Bonus: The bonus given in return for deposit
Loyalty Program: The bonus earned by redeeming XM Point
Bonus is not withdrawable as cash. But traders can use the earned bonus for trading just like cash to increase the account balance. XM offers Deposit Bonus of USD 500 in return for the deposit of USD 1,000, allowing traders to lose as much as USD 1,500. In other words, traders can risk USD 1,500 with USD 1,000.
Contents
Eligibility of Bonus Program
XM’s bonus program is provided by the group company XM Global Limited. Therefore, XM Global Limited's client countries are eligible for the bonus program.
[Countries XM Global Limited Governs]
China, Hong Kong SAR, India, Indonesia, Malaysia, Philippines, Russia, Singapore, Taiwan,
Algeria, Andorra, Angola, Antarctica, Armenia, Aruba, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Benin, Bermuda, Bhutan, Bolivia, Botswana, Brazil, Brunei, Burkina Faso, Burundi, Cape Verde, Cambodia, Cameroon, Chile, Christmas Island, Cocos (keeling) Islands, Colombia, Comoros, Cook Islands, Costa Rica, Curacao, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Ethiopia, Falkland Islands, Fiji French Guiana, French Polynesia, Gabon, Gambia, Georgia, Ghana, Gibraltar, Greenland, Grenada, Guadeloupe, Guatemala, Guinea, Guyana, Haiti, Honduras, Iraq, Ivory Coast, Jamaica, Jordan, Kazakhstan, Kenya, Kiribati, Kuwait, Kyrgyzstan, Laos, Lebanon, Lesotho, Libya, Macau, China Madagascar, Malawi, Maldives, Mali, Marshall Islands, Martinique, Mauritius, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Namibia, Nauru, Nepal, New Caledonia, Niger, Nigeria, Niue, Oman, Pakistan, Panama, Papua New Guinea, Paraguay, Peru, Qatar, Reunion, Rwanda, Saint Helena, Saint Kitts and Nevis, Samoa, San Marino, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Solomon Islands, Somalia, South Africa, Sri Lanka, Suriname, Swaziland, Switzerland, Tajikistan, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Tuvalu, Uganda, Ukraine, United Arab Emirates, Uruguay, Uzbekistan, Vatican City, Venezuela, Vietnam, Zambia, Zimbabwe,
The services offered by brokers depend on the financial license of the country where the trader resides. To comply with each country's financial license, XM operates multiple affiliated companies.
Traders residing in the above countries can open an account with XM Global Limited, governed by International Financial Commission Belize (IFSC) which allows brokers to offer a bonus program to their clients.
On the other hand, traders living in Europe have to open an account with Trading Point of Financial Instruments Ltd., which holds the CySec license that does not allow brokers to offer any incentives to their clients.
XM Group Companies
| Operating Company | Area | License | Bonus | Official Site |
| Trading Point of Financial Instruments Ltd | Europe | CySec | N/A | Official Site |
| XM Global Limited | Asia (Far East) | IFSC | Yes | Official Site |
| Trading Point of Financial Instruments Pty Ltd | Australia | ASIC | N/A | Official Site |
Trading Bonus
For more information, please visit the official XM website (Bonus Program). →
Features
- Traders can earn the bonus after opening a real account and verifying the identity (those opening a demo account are not eligible).
- The amount of Trading Bonus is USD 30, or its equivalence if the trader opens an account with a currency other than USD.
- Traders can earn the bonus without the initial deposit.
- The amount of Trading Bonus is not withdrawable (if the trader earns profit by using the bonus, the profit is withdrawable).
The main feature of this program is that traders can receive the bonus even without making the initial deposit so that, as stated on the official website, XM allows new clients to test their services. This bonus attracts those who want to do without their own money but experience the XM service through a real account, not a demo account.
Deposit Bonus
For more information, please visit the official XM website (Bonus Program). →
Features
- Deposit Bonus can increase the amount of margin in accordance with the deposit amount.
- The maximum amount of Deposit Bonus is USD 5,000. Traders can automatically earn this bonus until the combined bonus amount reaches USD 5,000 (it is required to deposit USD 23,500 to earn the full amount of the bonus). Therefore, there is no need to make a large deposit at once.
- Deposit Bonus has a two-tier bonus offering system:
(1) The 50% bonus for the deposit amount of up to USD 1,000 (maximum bonus: USD 500)
(2) The 20% bonus for the deposit amount above USD 1,000 (maximum bonus: USD 4,500).
- The amount of Deposit Bonus is not withdrawable.
- XM Ultra Low Account holders are ineligible.
To fully earn the bonus, traders are required to deposit USD 23,500. This deposit amount is higher than what other brokers set. Nevertheless, this XM’s incentive attracts many traders.
Two-tier Bonus Offering
As mentioned above, Deposit Bonus is a two-tier bonus offering;
- The 50% bonus for the deposit amount of up to USD 1,000 (maximum bonus: USD 500)
- The 20% bonus for the deposit amount above USD 1,000 (maximum bonus: USD 4,500).
The official website has an explanation, but we take a look at the details below.
(Ex)When a trader deposits USD 5.00 to the account;
Deposit Bonus: USD 5.00 × 50% = USD 2.50
Total Balance: USD 5.00 + USD 2.50 = USD 7.50
(Ex)When a trader deposits USD 23,500 in total to the account;
Deposit Bonus for USD 1,000: USD 1,000 × 50% = USD 500
Deposit Bonus for USD 22,500: USD 22,500 × 20% = USD 4,500
Total Deposit Bonus: USD 500 + USD 4,500 = USD 5,000
Total Balance: USD 23,500 + USD 5,000 = USD 28,500
| Deposit Amount | Bonus rate | Bonus Amount | Total Balance |
| USD 5 | USD 5 × 50% | USD 2.50 | USD 7.50 |
| USD 1,000 | USD 1,000 × 50% | USD 500 | USD 1,500 |
| USD 2,000 | USD 1,000 × 50% + USD 1,000 × 20% | USD 500+USD 200=USD 700 | USD 2,700 |
| USD 5,000 | USD 1,000 × 50% + USD 4,000 × 20% | USD 500+USD 800=USD 1,300 | USD 6,300 |
| USD 10,000 | USD 1,000 × 50% + USD 9,000 × 20% | USD 500+USD 1,800=USD 2,300 | USD 12,300 |
| USD 20,000 | USD 1,000 × 50% + USD 19,000 × 20% | USD 500+USD 3,800=USD 4,300 | USD 24,300 |
| USD 23,500 | USD 1,000 × 50% + USD 22,500 × 20% | USD 500+USD 4,500=USD 5,000 | USD 28,500 |
What Happens When A Trader Withdraws Money after Trading with Deposit Bonus?
When a trader used Deposit Bonus to do trading and then made a withdrawal, the amount of Deposit Bonus equivalent to the withdrawn amount will be proportionally removed.
For example, if a trader withdraws the full amount of the balance, the Deposit Bonus will also be removed in full. If he/she withdraws half of the balance, the trader will lose 50% of Deposit Bonus.
(Ex)When a trader deposited USD 1,000 and then withdrew USD 250
Deposit Amount: USD 1,000
Deposit Amount Bonus: USD 500
Withdrawalable Balance: USD 1,000
Withdraw Amount: USD 250 (25% of the above)
Amount of Bonus Deposit Removed: USD 500 × 25% = USD 125
(Ex)When a trader deposited USD 1,000, earned the profit of USD 2,000 and then withdrew USD 3,000
Deposit Amount: USD 1,000
Deposit Amount Bonus: USD 500
Profit: USD 2,000
Withdrawalable Balance: USD 3,000
Withdraw Amount: USD 3,000 (100% of the above)
Amount of Bonus Deposit Removed: USD 500 × 100% = USD 500
Many other brokers remove the full amount of the bonus even if only a small amount is withdrawn from the account balance. In comparison, XM has a conscientious service.
Loyalty Program
For more information, please visit the official XM website (Bonus Program). →
XM Loyalty Program gives traders XM Points for each trade. This point is redeemable for the bonus equivalent to XM Points/USD 3.00.
For more information, please visit the official XM website (Bonus Program). →
Features
- Up to 16 XM Points can be earned per lot (10,000 currencies).
- The number of points varies depending on the period from starting the trading.
- When an Elite Rank trader does the transaction with 100 lots, the trader can earn the bonus of USD 533.30 (100 lots × 16 XM Points / 3)
- Loyalty Program is automatically offered after a real account is opened.
- The amount of bonus earned through this program is not withdrawable.
- Loyalty Program sets no threshold of the bonus amount, unlike Deposit Bonus. Therefore, the more trading is done, the more bonuses can be earned.
Conclusion
Traders can earn bonuses in various ways, as mentioned below. All bonuses are treated the same.
Trading Bonus: The bonus given after opening an account and completing identity verification
Deposit Bonus: The bonus given in return for deposit
Loyalty Program: The bonus earned by redeeming XM Point
Bonus is not withdrawable as cash. But traders can use the earned bonus for trading just like cash to increase the account balance. XM offers Deposit Bonus of USD 500 in return for the deposit of USD 1,000, allowing traders to lose as much as USD 1,500. In other words, traders can risk USD 1,500 with USD 1,000.
XM has so more extensive a bonus program than other brokers that many traders worldwide open an account with XM to take advantage of the program.
Please note that the bonus program is offered by the group company XM Global Limited and traders residing in the country where it operates are eligible for the bonus as they open a real account. It will be advantageous for traders when it comes to increasing the trading capital.
Thank you for sparing your time to read this article.
[NOTE] The details of the bonus are subject to change. Please check the official website for details in advance. [XM Official Site]
