XM Bonus

XM Bonus – What’s the catch?

As it is known, financial regulators in the European Union and Australia do not allow licensed brokers to attract customers through bonuses and prize games. There are many reasons for this – bonuses, for example, could be used to circumvent regulatory restrictions or for misleading advertising, and many shady offshore brokers use bonuses to bind customers to unfair terms and make it difficult to withdraw funds from their accounts.

But most big brands offer bonuses, promotions and prize games through their offshore divisions because the competitive environment demands it. When you work with an established broker like XM, you can be sure that promotional offers are not associated with fraud and unfair practices. However, it is highly recommended that you always read the associated terms and conditions carefully.

Even XM customers in regulated jurisdictions in the European Union and Australia receive additional benefits that are advertised as promotions but do not fall into the bonus category. First of all, the broker does not charge fees for deposits and withdrawals. In the industry, it has largely become standard for brokers to bear the cost of transactions. XM covers all costs for deposits and withdrawals from e-wallets and major credit/debit cards, as well as all wire transfer transactions that are worth more than USD 200. This means you can fund your account and withdraw your profits at absolutely no extra cost.

Another great benefit that is available to all XM customers, regardless of the jurisdiction they are in, is a free Virtual Private Server (VPS). This service is essential for active traders because it enables continuous and secure operation of Expert Advisor bots and scripts. This allows you to execute your trading strategies without having to invest in additional hardware or pay for third party service, and without worrying about losing money due to power outages or internet disconnections.

In order to receive a free VPS, an XM customer must meet certain conditions. The trading account balances need to exceed 500 USD or equivalent in other currencies. Eligible clients must also trade at least 2 standard round turn lots or 200 micro round turn lots per month. All the client’s accounts registered with the same email address are taken into account. Clients who do not meet the criteria above can still request the XM VPS in the Members Area for a 28 USD monthly fee, which will be automatically deducted from their MT4/MT5 accounts on the first day of each calendar month.

Customers of XM Global have the opportunity to take advantage of many more varied and attractive bonuses and promotions. First of all, every trader opening an XM Real Account for the first time can receive a trading bonus that does not require a deposit. This Welcome Bonus is in the amount of 30 USD or equivalent in another currency. There is a 30-day limit from the date of opening your account in which time you must claim the bonus before it is rendered unavailable.

The bonus funds themselves are not withdrawable, but profits realized from trading can be withdrawn without restrictions. However, withdrawing funds from an account using a bonus results in a reduction of the bonus funds according to a formula described on the broker’s website. This is an excellent offer for novice traders, allowing them to gain confidence and experience in forex trading without putting their own money on the line. For experienced traders, this allows them to test the services of a particular broker without unnecessary risk.

XM Global clients could also claim a bonus with every deposit. But as stated in the description of account types above, this type of bonus is not available for traders using an Ultra Low Account.

The deposit bonus offered by XM is two-tiered. For each deposit of between USD 5 and USD 1000, the trader receives a 50% bonus up to a maximum of USD 500 or equivalent in another currency. With a higher deposit amount, the trader receives an additional 20% bonus on the amount above the USD 1000, with a maximum bonus of USD 5000.

Bonus funds are not withdrawable, but all trading profits are fully withdrawable. However, as with the Welcome Bonus, withdrawing funds from a bonus account will result in a proportional reduction in bonus funds.

If you are satisfied enough with the conditions and service of XM Global to recommend this broker to other traders, it may bring you additional profit. The Refer a Friend program provides you with a withdrawable cash prize for every trader who has registered an XM account through your unique referral link and traded at least three standard lots.

The amount of the reward depends on the number of new customers you have attracted to HM. If you have invited between 1 and 15 friends you get a reward of USD 25 for each. The amount goes up to USD 30 for more than 16 people and to USD 35 for more than 30 invited friends.

All Real Account clients start at Executive level and are upgraded automatically after periods of trading activity. With each loyalty status upgrade, the amount of XMP (XM Points) you earn per lot traded increases proportionately. This allows you to earn XM points at a faster rate. The more XM points you have, the more you are able to redeem for credit bonus rewards.

As you trade, you will earn XM points which can be redeemed at any time for credit bonus rewards in the Members Area. In the Members Area you can also monitor your balance of XM points at any time, including the equivalent value of your XM points as credit bonus.

The bonus adds funds to your trading account but it is intended for trading purposes only. Below you can see the specific formulas used to calculate the equivalent value of your XM points to credit bonus.

XM clients also get bonuses simply by trading. Every customer is automatically enrolled in a loyalty program and receives “XM points” for every lot traded. The amount of XM points depends on your account level, and this level is determined and upgraded automatically after a certain period of trading activity. To receive the highest Elite loyalty status, you must have over 100 days of trading activity.

The more XM points you have, the more you are able to redeem for credit bonus rewards. The formula used to determine the amount of available bonus credit that can be claimed is the number of XM points divided by three.

Like other bonuses, the bonus funds themselves are not withdrawable, but all profits are. Withdrawing funds from the account reduces the available bonus funds proportionally.

The opportunities for XM Global’s clients to make additional profits are not limited to this. Successful, active and confident traders have the opportunity to enter weekly competitions with prize pools of up to AUD 20,000.

These competitions also open up the opportunity to prove yourself as a Strategy Manager on the social trading platform, which in turn can bring you additional commissions from traders copping your trades.