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XM gives new users a $30 no deposit bonus right after sign up. You don’t need to add your own money to claim it. This is a fast and easy way to try out their trading platform with no risk. The $30 no deposit bonus comes with clear terms, so you know what to expect. Besides the sign up offer, XM often runs extra promotions for regular users.
XM gives new users a $30 (or about R550.86) sign-up bonus when opening a real trading account. South African clients qualify for this offer. For a short time, XM also matches your deposit 100% up to $500.
Quick Summary: XM Sign-Up Bonus
- Overview
- XM at a Glance
- Details of the Sign-Up Bonus
- Customer Feedback
- Pros and Cons
- Final Thoughts
- Frequently Asked Questions
Overview
XM.com began in 2009 and is based in Cyprus, serving traders worldwide, including South Africa. It has over 2.5 million clients across 196 countries. The company is recognized for its strong presence in forex trading.
Clients come from countries like Australia, the UK, South Africa, Thailand, Singapore, and many others. Residents of the United States, Canada, Israel, and Iran cannot open accounts.
XM operates as XM Global, XM Markets, XM Group, and XM Broker. The company employs over 450 staff with deep industry knowledge. XM supports more than 30 languages and offers 25+ payment methods.
Traders get 24/5 customer service and can choose from 16 trading platforms. Almost all trades execute in under a second with no re-quotes or rejections. Negative Balance Protection helps prevent losses beyond your account.
XM at a Glance
Company Info:
- Name: XM Group
- Base: Limassol, Cyprus
- Founded: 2009
- CEO: Constantinos Cleanthous
- Offices: Global
- Regulation: ASIC, CySEC, IFSC, DFSA
- Related Companies: XM, Trading Point
- Business Model: STP
- Languages Supported: Multiple, including English, Arabic, and Spanish
- Awards: Many industry awards
Regulation & Security:
- Licensed by CySEC, ASIC, IFSC, DFSA, FCA
- Complies with ISO 9001 and MiFID II
- Segregates client funds
- Offers negative balance protection
- Overseen by financial conduct authorities
- Has insurance and strong AML & KYC policies
- Uses SSL encryption and two-factor authentication
- Covered by investor compensation fund
- Employs robust cybersecurity
Account Options:
- Standard, ECN, Islamic, Demo, and VIP accounts
- Minimum deposit: $5 (about R90)
- Supports 11+ base currencies
- Leverage up to 1:1000
- Fixed or variable spreads
- Swap-free accounts and currency conversion
- Margin call: 50% | Stop-out: 20%
- Allows hedging, scalping, and copy trading
- Offers managed accounts and social trading
Trading Conditions:
- Spreads from 0.1 pips (ECN accounts)
- Commissions from $3 per lot
- Leverage: 1:1 up to 888:1
- Fast market execution
- Low slippage
- Margin depends on account
- Supports stop-loss, trailing stops, pending orders, partial fills
- Handles dividend adjustments, swap fees, and rollovers
- Guaranteed stop loss available
Available Markets:
- Forex, metals, indices, commodities, energies, crypto, stocks, ETFs, bonds, futures, options, CFDs
- No spread betting or currency baskets
Deposits & Withdrawals:
- Deposit/withdraw by bank transfer, cards, e-wallets, crypto, and local methods
- Instant deposit and 1-5 days for withdrawals
- No deposit or withdrawal fees
- Minimum deposit/withdrawal: $5
- Max withdrawal depends on account
Platforms & Tools:
- MT4 and MT5 for desktop, web, and mobile
- No proprietary platform
- Has trading bots, VPS, API, custom indicators, risk tools, economic calendar, and news feed
Support:
- Live chat, email, and phone
- Multilingual help and dedicated account managers
- Fast response times
Education:
- Webinars, seminars, tutorials, reports, e-books, videos, glossary, FAQs, beginner and advanced guides
Partnerships:
- IB, affiliate, white label, partnership rewards, institutional solutions, API, referral program
Fees:
- No deposit/withdrawal fees
- Inactivity, overnight, and conversion fees apply
- Commission from $3 per lot
Research:
- Economic calendar, news, signals, technical and sentiment analysis
Other Features:
- PAMM/MAM accounts, social trading, competitions, loyalty rewards, VIP perks
Promotions:
- Welcome bonus, deposit bonuses, trading contests, seasonal offers, loyalty programs
User Experience:
- User interface: 4.5/5
- App reviews: 4.6/5
- Trustpilot: 4.5/5
- Most complaints are about withdrawal options
Mobile App:
- XM Trading app for iOS and Android
- Real-time data, charting, order types, fast execution, alerts, security, in-app support, educational content, and dark mode
AI Trading:
- Some AI functions for data analysis and trade execution, but limited advanced AI features
Social Media:
- Active on Facebook, Instagram, Twitter, LinkedIn, and YouTube
XM Sign-Up Bonus
Deposit Bonus up to $5,000
XM gives a 50% bonus on your first deposit up to $500, and 20% on deposits between $501 and $4,500. You can earn up to $5,000 extra trading credit.
XM Loyalty Program
Earn XM Points (XMP) as you trade. You can redeem these points for bonus credits to boost your trading funds. The loyalty program has different reward levels, so the more you trade, the better the benefits.
Refer a Friend
XM pays up to $150 when you refer someone who opens and trades from a new real account. Certain trading requirements must be met for the referral bonus to be paid.
$30 No Deposit Bonus
New XM users can claim a $30 trading bonus without making a deposit. This lets you try real trading with zero risk to your own funds. Once you meet the trading requirements, profits made from the bonus can be withdrawn.
Quick Table: XM Promotions
| Promotion | Description | Who Can Join | Key Benefit |
|---|---|---|---|
| $30 No Deposit Bonus | Try trading without an initial deposit | New clients | Withdraw profits after meeting terms |
| 50% + 20% Deposit Bonus | 50% bonus up to $500, 20% up to $4,500 | New & existing users | Up to $5,000 in bonus credit |
| XM Loyalty Program | Earn points while trading | All real accounts | Redeem points for bonus credit |
| Refer a Friend | Earn up to $150 per successful referral | Registered clients | Get rewarded for referrals |
Customer Feedback
Excellent Service
Clients report smooth deposits and withdrawals. Support is fast and helpful.
Strong Bonus Offers
Users enjoy the bonuses and good withdrawal process, but some mention spreads could improve.
Good for Beginners
Many new traders start with XM due to its promotions and easy withdrawals. The platform and support get positive remarks.
Pros and Cons
Pros:
- Generous bonuses and rewards
- Easy account setup
- Fast execution
- Good platform range
- Helpful support
Cons:
- Some withdrawal methods are limited
- Spreads could be tighter
Conclusion
XM stands out for its welcome offers, loyalty rewards, and reliable trading environment. Both new and experienced traders enjoy the extra trading funds from the bonuses. While you can't withdraw the bonus money itself, you can keep any profits you make after meeting the requirements. XM’s low spreads and fees also appeal to many traders.
Frequently Asked Questions
Does XM have a sign-up bonus for South Africans?
Yes, new South African users get a $30 (about R550.86) bonus when opening a real account.
Are deposit bonuses available?
XM offers a 50% deposit bonus up to $500 and 20% on deposits from $501 to $4,500.
Can you withdraw profits from the sign-up bonus?
You can withdraw profits after meeting the trading volume requirements.
Can I withdraw the $30 bonus?
You cannot withdraw the bonus itself, but profits earned from trading with it are withdrawable after reaching the required volume.
Does XM have a referral bonus?
Yes, XM pays for each successful referral.
Is XM suitable for beginners and advanced traders?
XM serves traders of all experience levels.
What deposit currencies are supported?
You can deposit in USD, EUR, GBP, JPY, AUD, ZAR, and more.
