XM is a popular Forex and CFD brokerage with multiple promotional offers for first-time clients.
When signing up with the firm and making your first deposit, you are eligible to receive a deposit bonus. The XM global deposit bonus is available for MetaTrader 4 and MetaTrader 5 users and rewards them with a 50% XM bonus of up to $500 or equivalent in deposits.
You can use the bonus to trade any of the thousands of instruments available at XM - from major currency pairs to commodities like oil and gold.
Another XM deposit bonus that is active is the 20% bonus of up to $4,500 or its equivalent.
The deposit bonuses provide a cumulative reward of up to $5,000, which is one of the highest bonuses for new clients on the market.
How to claim the XM credit bonus?
When signing up with XM and making your first deposit, you will be notified regarding the bonus through your client portal.
If you deposit at least $500 to your brand new XM account, you will receive a 50% bonus. For example, if you deposit exactly $500, you will be credited $250.
However, if you deposit $2,000, you will be eligible to receive both the 50% and 20% bonuses and your total bonus will amount to $700 (50% on $1,000 + 20% on $1,000).
Doing so, allows you to increase your buying power upon making a deposit and rewards you for choosing the firm as your primary FX broker.
Terms and conditions apply to the XM global bonus, which we will discuss in detail below.
XM Deposit Bonus terms and conditions
Several important terms and conditions apply to the XM deposit bonus that clients need to be aware of:
✍️ Only available to verified clients
It is no surprise that only the XM clients that have fully verified their identity and contact details can become eligible to receive the deposit bonus.
Make sure to verify your identity using a valid ID card, passport, or driver’s license.
Verify your primary phone number and email address.
You will be further asked to verify your legal address, as well as the proof of funds in order to obtain full verification on your account.
The verification process and the granting of Eligible Status may take up to 24 hours. You will be notified upon receipt of your verification and eligibility status, after which you can make your first deposit and claim your bonus.
🛑 Not available for the dependents and family members of the client
In order to avoid abusing the deposit bonus, XM does not allow the family members or dependents of the client from accessing the bonus, which may include: siblings, spouses, ancestors, or lineal and collateral descendants of the account holder.
Furthermore, persons associated with XM, such as employees and others contracted to the company are also ineligible to receive the XM bonus.
Intermediaries or other entities under the direct control of the account holder will not be eligible for the XM deposit bonus.
1️⃣ The client can only receive the deposit bonus once
Once you have received your 50% or 20% deposit bonus, you will no longer be eligible for a deposit bonus in the future, unless XM explicitly notifies you regarding a new promotional campaign for existing clients.
The verification requirement is in place to deter clients from overusing the bonus scheme using multiple accounts held under their name.
Therefore, attempting to receive the bonus multiple times using different accounts could result in the termination of your bonus.
🎯 Trading and withdrawals with the XM deposit bonus
The XM deposit bonus cannot be withdrawn. However, the profits generated using the bonus in day-to-day trading is not subject to withdrawal limitations.
The bonus is also eligible for leverage and margin trading.
For example, if you receive a $700 combined bonus on your $2,000 deposit, the value of your account is $2,700 and you can structure margin trades in accordance with the balance available on your account.
When a withdrawal is made, the proportional amount of the deposit bonus is also withdrawn. For example, if your balance after depositing $2,000 and trading reaches $3,000 and you request to withdraw $3,000 from your account, 100% of the 50% bonus will also be withdrawn and canceled.
⛔ Clients can opt out of the deposit bonus at any time
If you do not want to participate in the promotion and wish to cancel your bonus deposit XM provides, you can simply contact the customer support team at nobonus[at]xmglobal[dot]com and opt out form the deal at no additional cost.
Canceling the deposit bonus promotion should take no more than 24 hours.
❗XM reserves the right to cancel the deposit bonus at any time
If the firm suspects foul play or an attempt to abuse the promotion using multiple accounts, or the accounts of dependents and family members, XM reserves the right to terminate the promotion at any time.
Clients can contact support for any clarifications regarding the termination. However, if there is proof of foul play, the bonus will not be reinstated.
📖 XM Deposit Bonus example
To better understand how the XM 50 bonus terms and conditions apply, let’s look at a practical example of how the deposit bonus changes depending on the deposit amount of the client.
In the below table we can see how the bonus applies in relation to the deposit made by the client:
Upon reaching the maximum 20% bonus deposit amount of $4,500, XM traders can get a total bonus of $5,000, which is a substantial amount, especially for first-time clients.
For traders that use leverage, the buying power of the $5,000 maximum bonus amount can be increased considerably, considering the maximum leverage of 1:1,000 provided by XM.
For instance, the $5,000 maximum bonus alone could be scaled up to a buying power of $5,000,000, which means that even a gain of 0.1% could recuperate the bonus amount.
However, using such a large leverage is exceedingly risky and only advisable for highly experienced traders.
The minimum amount that is eligible for the deposit bonus is $5, while there is no maximum restriction on deposits.
🔓 How to access the XM deposit bonus - step by step
The XM deposit bonus is popular among first-time XM clients, as it does not require a substantial deposit in order to be activated.
Let’s look at a step-by-step example of how to sign up with XM and unlock your 50% and 20% deposit bonuses.
Step 1: Sign up at XM
Signing up at XM is a straightforward process that includes inputting your legal name and surname, email address, and password, after which you will be redirected to the next page where you input your legal address and valid phone number.
Make sure to remember your account credentials and choose a strong password for added safety.
Step 2: Get verified
The second step is to verify yourself and provide basic information about how you expect to trade and how much your average annual income is. This data helps XM determine your trading style and the features you are most likely to use at XM.
You will be asked to verify the following information:
After you have successfully verified your information, you will be able to make your first deposit with XM and claim your deposit bonus.
Keep in mind that the verification process may take up to 24 hours. You will be sent an email confirming the verified status of your account.
Step 3: Make a deposit and claim you bonus
After your account is all set up and verified, you can choose one of the following deposit methods to top up your account:
The minimal amount you can deposit to be eligible for the deposit bonus is $5 and your eligibility for the 20% bonus will depend on the amount you choose to deposit.
For example, if you deposit $2,000, you will be eligible for both the 50% bonus up to $500 and the 20% bonus of the remaining $1,000, amounting to a combined bonus of $700.
FAQ on XM Deposit Bonus
How much is the XM deposit bonus?
There are two XM deposit bonuses available for verified clients. The XM welcome bonus 50 is available after depositing any amount, with the bonus amount being limited to $500, and the 20% deposit bonus is available up to $4,500. Both of the bonuses can be applied simultaneously.
Can I withdraw the XM deposit bonus?
You cannot withdraw the base deposit bonus amount, however, you can withdraw the profits generated from using the bonus in trading. Margin trading is also allowed using the XM broker deposit bonus.
Can I use the XM bonus twice?
No. The XM deposit bonus is only eligible for use once and for verified clients. Attempting to use the deposit bonus twice will be rejected, and any attempts to abuse the bonus program could result in the termination of the existing bonus.
