XM, an Online Forex and CFD broker which seems to be really acquiring the large part of the Forex market, wouldn’t be simple bad choice to be your broker.
With its many positive reviews, the broker is also building its steady operational system and good reputation.
If you are interested in the quality of XM but still hesitating to open accounts, I have written how XM is superior than others in some points later in this article.
But first, let me introduce 3 exclusive bonus promotions offered by XM.
Following the below 3 steps, you can earn maximum benefits from the promotions.
30 USD “No Deposit Bonus”
This bonus is the first step to start trading with XM.
This bonus promotion is run by XM at all times and available to any clients who sign up with XM.
Generally, you can receive this 30 USD from XM only one time for free.
The amount 30 USD is not available for withdrawal but you can withdraw the profit amount made on the bonus amount.
You can trade with the high leverage 1:888, so it wouldn’t be the hardest thing to make profits even it is only $30.
How to receive the bonus?
1, Register with XM from the official website
You will need to open Demo or Live account in order to register with XM.
2, Verify your trading account with documents
You will need to submit a copy of your ID and Proof of your Address. It may take about 24 hours or more for XM to verify your documents.
3, Request for the Free 30 USD from the “XM Member’s Page”
After the verification of your trading accounts, you will have an option to receive 30 USD.
4, Start trading with XM’s funds and earn profits
Profits can be withdrawn into your pocket!
Some main conditions are as follows:
| Amount of the Bonus | 30 USD or 25 EUR |
|---|---|
| Requirement to receive | Verify your account with documents |
| Bonus Amount Withdrawal | Not Available |
| Profit Amount Withdrawal | Available at anytime |
100% Deposit Bonus
After receiving the Free 30 USD, if you have decided to continue your trading with XM, you will need to make a deposit.
But please do not forget to receive this Exclusive “100% Deposit Bonus”!
*This promotion is not listed in the XM Official Website.
The bonus amount is up 500 USD by just doubling your deposit amount.
This is a “100% Deposit Bonus”, so you can double up your deposit amount up to 500 USD.
If the deposit amount exceed 500 USD, 20% bonus will be applied on the exceeded amount.
How to receive the bonus?
1, Open a real/live trading account with XM
You cannot receive the bonus on Demo account.
2, Verify your trading account
You need to submit a copy of your ID and a Proof of Address Document, to XM via email.(or you can also send documents from the XM’s Members Area)
3, Make a deposit and request for the “100% Deposit Bonus” to XM
Please make sure to notify XM that you are not looking to receive other deposit bonus, but the Exclusive 100% Deposit Bonus.
Some main conditions of the bonus:
| Bonus Category | Exclusive Offer(Not listed in the official website) |
|---|---|
| Maximum Bonus Amount | 500 USD |
| Requirement to Receive | Verficication of account and Deposit |
| Profit Amount Withdrawal | Available at anytime |
| Bonus Amount Withdrawal | Not Available |
Forex Demo Trading Championship to win 1 million dollars
This may be the most gorgeous “Risk Free” Forex Trading Contest with awards of “1 million dollars” in total.
Why it is the most “gorgeous”?
Because the awards are “1 million USD in total” & “these cash awards are withdrawable immediately”.
XM maybe the only one broker where you can trade virtually in MT4 Demo Trading Account and the real cash money as awards which are available for withdrawal without conditions.
The details of the Demo Trading Contest
| Contest Period | 1st of June in 2016 – 19th of May in 2017 |
|---|---|
| Number of Contest | 12 times during the year |
| Who can join? | Anyone who can open the Demo account on the web |
| The total award amount | 1 million USD |
| Monthly award amount | 50,000 USD |
| Contest Fees | None |
| Cash Award Withdrawal | Available at anytime |
| Where to sign up? | Go to XM Official Website |
Conditions to fund withdrawals?
If you are a Forex trader especially addicted to Profits you can earn by receiving Bonuses, you must know about “withdrawal conditions”.
Well, XM’s these 3 bonus promotions, I just introduced have got different withdrawal conditions.
1, 30 USD No Deposit Bonus
The bonus amount 30 USD is not available withdrawal, but the profits made on the bonus is withdrawable.
2, 100% Deposit Bonus
The bonus amount up to 500 USD is not available for withdrawal even if you make trades, but the profit amount generated on the bonus is withdrawable.
3, 1 million Demo Trading Championship
The awards in total “1 million” is available for withdrawal. So you become one of the top traders, you earn real cash money to your pocket.
The contest is available for a whole year, and monthly.
XM, at your service.
Other than these bonuses, you may want to know how XM is better than others.
Let me point out some points to explain “Why should you choose XM?”.
- Higher Leverage
XM offers leverage up to 1:888, and it is higher than many other online Forex brokers’.
The average leverage is around 1:400 to 500.
By trading with higher leverage, you can also leverage your opportunities to earn more profits.
- Stable good positive reputation
For an online Forex broker with 7 years of operation, XM has surprisingly low number of negative complains.
It proves the quality of its customer service and and how stable its trading environment is.
- Trade from 0.001 lot
There are not so many brokers you can trade from super mini lots unit.
Through XM’s Micro account, you can place orders from 0.001 lot. 0.001 lot equals to 100 units(or 100 dollars).
That minimum trading size is so small that, even MT4 sometimes is unable to show the profit/loss values.
The risk management doesn’t start from leverage deduction, it starts from the risk exposure with your open position.
As many traders already know, you can normally trade from 0.01 lot with other Forex brokers.
- The number of clients
XM has achieved to have more than 500,000 in this 7 years.
The number is not really small comparing to other online brokers.
For your information, only one out of many largest Japanese Forex brokers has achieved to have more than 500,000 clients this month(June in 2016) for over 15 years of operation. (and aquisitions)
Like I said, you may not be able to find a perfect Forex broker though, you can find a better ones out of many.
And XM shouldn’t be a worse choice.
If you are looking to trade Forex and haven’t decided your broker, why not open an account with XM and start earning some free stuff?
IronFX
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!