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Trading in XM is not only about trying to gain profits but also earning rewards from every lot traded. Here's everything you need to know about it.
Forex trading has become more and more popular in the last decade. It can be a rather exciting and productive way to spend your time, considering that the potential profit that you can get is pretty high. Aside from the actual trading, there are actually several other paths to make extra income. This can come in the form of bonuses, free credits, discounts, gifts, or other rewards.
Many forex brokers are now offering various types of bonus programs to attract clients and boost their satisfaction. One of them is XM, a broker that has been around since 2009 and is known for providing excellent brokerage services. Through its loyalty program, XM introduces a benefit where traders can earn extra rewards from each lot they trade.
Contents
Introduction to XM Loyalty Program
A loyalty program is a type of bonus given to clients as a form of reward for their loyalty. Many forex brokers offer this sort of program to form a positive relationship with their existing clients and at the same time, attract potential clients to join the broker. The rewards can come in many forms such as credit points, bonuses, special privileges, and more.
In XM loyalty program, you can earn XM Points (XMP) that can be redeemed for credit bonus rewards. You can then use the credit bonuses for trading and withdraw the profit at any time you want. All you need to do is trade with a live account and earn the points afterward. So, the more you trade, the more you earn.
Where to Find the Information on the Official Broker Site?
- This information is reported per Jan 13 2023.
- We can not ensure if this offering is still available or remain the same in future.
- The broker announcement page may or may not exist anymore, You may explore XM homepage and try to find "Promotion" section on the menu, footer, etc, to ensure the availability and validity of this promotion.
How to Join the Loyalty Program
The loyalty program is available to all XM users. There is no form to fill out and nowhere to sign up because all users are automatically registered in this program. The first step is simply to open a live trading account in XM and become an XM user. Then, fund your account and use it to open trades.
As soon as you deposit some funds into your account for the first time and close your first trade, your loyalty status will be activated. You will also start earning XM points, which can be accumulated over time and converted into credits.
See Also:
Loyalty Status and Rewards
As mentioned before, you will get XM Points simply for executing trades. More specifically, you will earn points for every standard round-turn lot traded. The amount of points you'll get depends on your loyalty status. The higher your status, the more points you will earn per lot traded.
XM Loyalty Program has 4 tiers of loyalty statuses and each has different requirements and privileges. Here are the details:
| Executive | Gold | Diamond | Elite | |
| ⏰Activation Time | Immediate | After 30 days of trading | After 60 days of trading | After 100 days of trading |
| 🎁Reward | 10 XMP per lot | 13 XMP per lot | 16 XMP per lot | 20 XMP per lot |
| ⏳Reset Time | - | After 30 days of inactivity | After 60 days of inactivity | After 100 days of inactivity |
All retail clients start at the Executive level, then it will be upgraded automatically after a certain period of trading. With each upgrade, the amount of XM Points you'll earn also increases. This allows you to accumulate points at a faster rate and earn more credits to trade.
In the Member Area, you can check your current loyalty status as well as your balance XMP, including the equivalent value of your XMP as the credit bonus.
It is worth mentioning that your XMP has an expiration date and you can lose your status after being inactive for a certain period of time. If this happens, your status will be reset back to the Executive level. So, make sure to regularly check your bonuses and manage them accordingly.
Once you earn some XMPs, you can immediately convert them into credit bonuses. The amount of credit that you'll get is one-third of your XMP amount. So, for instance, if you have 300 XMP, you can get a $100 credit to be used for trading purposes only. You can withdraw the profit generated from trading with the credits, but keep in mind that this will result in the proportional removal of your trading bonus as well as the corresponding credit amount.
How to Redeem Your XM Points
- Open your Member Area and view your current XMP balance.
- Click the "Redeem Now" button.
- On the next page, you'll need to specify the amount of XMPs that you wish to redeem.
- The bonus credits will be automatically deposited into your trading account so that you can use them for trading purposes.
See Also:
Conclusion
Aside from offering various instruments and flexible trading conditions, XM also has a loyalty program that rewards traders with XM Points for merely doing their usual trading routine. There is no need to fill out a new registration form or pay additional fees, so it is very convenient for any trader. It can be a great way to increase your trading position as well as potential profit without having to put in a great amount of extra effort. Just remember not to overtrade and only trade with the money that you can afford to lose.
XM broker is an established international firm and has become a true leader in the trading industry. Founded in 2009, the company works with the main principle of being "fair, trustworthy, and dependable". XM claims to support no re-quotes and real-time execution, where traders can choose from 10+ trading platforms suitable to any device.
27 Comments
Sandy
Jan 15 2023
Is there a minimum or maximum limit as to how much credits I can get?
Gita
Feb 4 2023
Sandy: No, there is no maximum limit to the amount of credit you will receive but if you are inactive for a few days, the points will reset. and there is no expiration date on reward point, so you can only collect them according to certain objectives and redeem them. For me it's better to get 3000 points in exchange for 1000$ after withdrawing all the money. Why? Because you cannot withdraw the redemption points you received, but you can withdraw the profit you received by trading with this bonus. You can also combine your deposit and bonus to make trades, but in this case, withdrawal will be affected as XM will treat your mixed deposit as bonus that you have traded. this will reduce the amount you withdraw.
See the table below:
Joshua
Jan 15 2023
Where do brokers get the money to provide loyalty program rewards to their customers? I mean, if only one client gets or with lottery, I still think it is reasonable. I mean, imagine this! XM is also a major broker and I believe it has served over 1,000 and even he over 100,000 clients worldwide. It costs a lot to offer bonuses to customers when everyone can claim her XM loyalty points. Example: As the article says, you need 300 XM loyalty points to get $100. If there are 100 merchants exchange their point reward, XM needs $1,000. It is just only 300 XM points reward. I don't know if there are any reward options other than $100, but I think XM has many reward options. So where are they getting their money from?
Gareth
Jan 15 2023
Joshua:Dude, brokers profit from the spreads and the fees they charge traders. And it's very reasonable for them to give some rewards back to their trader! If you want to count towards earning 300 XM loyalty points, for example, an Executive account, you must use a maximum of 10 tickets to earn 10 XMP points. It means you get 1 XMP points for every 1 ticket. Currently you need at least 30 lots to get 300 XMP. If you have a large amount of money or are a professional trader, some professional traders or traders with a large amount of money require 30 trades to achieve this 1 lot Reaching 30 lots is very easy as you can start trading with. On the other hand, traders such as small investors who used 0.1 lots need 300 trades, and 0.01 lots need 3000 trades. Imagine the spreads and commissions your broker gets. Remember that not every trader can easily reach 30 lots! If you read this article carefully, you need to trade more often to avoid inactivity reset time because If you do not trade for a certain period of time, your points will be reset!
Molina
Jan 15 2023
Gareth: I am interested in the XM Loyalty Program offered by XM. I read the article and basically you should trade on a live account and saw many types of accounts you can choose from before doing live trading there. So, what is the minimum deposit required to start trading with XM and how much XM can charge me for the spreads and commissions as you say in your comment before: the spread and commission are the broker's income. What are your requirements? thank you!
Sven
Jan 15 2023
Molina: The minimum deposit at XM is just $5 for Micro, Standard and Islamic accounts, while XM Ultra Low requires a higher deposit amount of $50. The above articles about executives, etc are not about accounts, but about the status you get when it comes to a certain trading time. This means that your stats can increase your point rewards. The higher your status, the more points you can achieve. As for spreads and commissions, it depends on the trading instrument you trade with and the account you trade with. You may also be charged non-transaction fees such as inactivity fees. For more details and a full review, visit the broker's review section or follow the link below. you can also see XM's user review at there too! XM review
George
Jan 15 2023
Joshua: As for the XM Rewards option, this Rewards points is the only bonus program that XM give. About the option of exchange point that available, there are two more available options that you can choose from.
I get this details from the XM's website. As you can see there are also several option that you can get beside 300 XM points. And I think it is good deal for traders especially full time traders. About you're concern, Dont need to doubt because XM is regulated by ASIC , BaFin , CNMV , CONSOB , CySEC , FCA , FSP , IFSC and ESMA include Australia, UK, Spain, Italy, and Cyprus. So, all their reward program is also being watched by them.
Habib Sadidi
Mar 2 2023
@Joshua:
Brokers get the money to provide loyalty program rewards to their customers from various sources, depending on the specific loyalty program and broker.
One common source of funding for loyalty programs is the spread or commission charged by brokers on each trade executed by their customers (most likely scenario). Brokers may allocate a portion of these fees to fund their loyalty programs as a way to incentivize customers to continue trading with them.
Another source of funding for loyalty programs is through partnerships and sponsorships with other companies (depending on their brand reputation). For example, a broker may partner with a payment processor or credit card company to offer rewards points to customers who use their services to fund their trading accounts. In return, the broker may receive a commission or other benefits from the partner company.
Additionally, brokers may also use their own capital to fund loyalty programs (least likely). This may be done as a way to attract and retain customers by offering them additional incentives beyond the standard trading services provided by the broker.
Joshua
Jan 19 2023
How can I use the credit for trading? Will the credit be automatically applied when I open orders?
Bobby
Feb 4 2023
Joshua: Of course, you can use the credit to trade, but keep in mind that the credit will not be automatically applied if you do not redeem or redeem XM Loyalty Points. So the first thing you need to do is redeem your points first in the members area, then decide how many points you want to redeem
After confirmation, your bonus will automatically be added to your deposit and you can trade with it.
By the way, to get the points bonus, you need to trade up to 1 lot to get 1 point. And it will automatically be added to your XMP balance. So, if you trade 0.01 lot per trading, you need to reach 100 trade to get 1 point. Higher lot you trade, faster you can get the point..
Fiona
Jan 25 2023
Is it possible to redeem only half of my XM Points?
Jesisca
Feb 4 2023
Fiona: What do you mean by half? If what do you mean by half point is about 0.5 XMP, I don't think it's possible to do that. For the standard, the point that you must get is 3 XMP points. So, as long as you have 3 XMP points, you can redeem $1. In other word, if you don't get 3 points minimum, you can't redeem the points. But after you get 3 XMP points and you get 4 for example, you can exchange 3 points and leave 1 point to redeem another time
I think it's best to collect the reward until fulfill your target and to be remember about the expires and better to redeem everything since it expires. (if the XMP point expired, all your point left will become 0 again)
Kayleen
Jan 29 2023
Can I withdraw all the profits I got from trading with the bonus credit?
Gita
Feb 4 2023
Kayleen: Unfortunately, there are rules that make the XM Loyalty Program unattractive. And for me, I think the rules are a bit ridiculous since we are also trading for 1 lot, paying commission and spread. And they Still keep our loyalty money that we receive.
Therefore, it is not possible to withdraw trading bonuses credited through the XM loyalty program, as they are only available for trading purposes.
If you withdraw funds from accounts that have received trading bonuses from the Loyalty Program, this will result in the removal of previously granted credit as a percentage of the amount requested for withdrawal. Please refer to the table below for bonus removal examples:
Worth it enough? I don't think so..
Harleen
Feb 4 2023
Is there a special reward for reaching the Elite level?
Sharlotte
Feb 4 2023
Harleen: No, I believe you won't get any special rewards if you reach elite level. But the number of bonus points you will get more than other levels. But in the end, you have to trade continuously for 100 days to reach 100 days without losing a single trading day. So at elite level you will get 20 XMP per pack, while other Executive level bonuses will get 10 XMP, Gold with 13 XMP and Diamond with 16 XMP.
There is table for the comparison for each reward of the level at XM loyalty Program :
Sharlotte
Feb 4 2023
Harleen: No, I believe you won't get any special rewards if you reach elite level. But the number of bonus points you will get more than other levels. But in the end, you have to trade continuously for 100 days to reach 100 days without losing a single trading day. So at elite level you will get 20 XMP per pack, while other Executive level bonuses will get 10 XMP, Gold with 13 XMP and Diamond with 16 XMP.
There is table for the comparison for each reward of the level at XM loyalty Program :
Heru
Apr 13 2023
The XM loyalty program is a great incentive for traders to earn rewards based on their loyalty and activity level. However, the program has a reset time for loyalty status, which means that if a trader is inactive for a certain period of time, their status will reset. This may not be a big deal for some traders, but for those who are striving to maintain their loyalty status, it's important to keep track of the reset time.
Interestingly, the reset time only occurs after a period of inactivity. If a trader is active and opens positions regularly, particularly a positioning trader who holds positions for longer periods of time, it's easy to avoid the reset time. All you need to do is open a position at least once a month to maintain your status and keep earning rewards.
However, for traders who are extremely active and trade several times a month, it may seem nearly impossible to reach the reset time. The XM loyalty program is designed to reward traders who are loyal and active, but not to the point where it becomes unattainable.
My question here, which trading style that maybe the fastest way to reach the point of XM loyalty program?
Saiko
Apr 13 2023
@Heru: In my opinion, the fastest way to reach the loyalty status in the XM loyalty program depends on your trading style and goals. Generally speaking, the key is to maintain a high level of activity while also avoiding extended periods of inactivity.
And for me, the approach that could be effective is to focus on short-term trading strategies, such as day trading or scalping. These styles involve taking advantage of short-term price movements to generate profits, which can lead to higher levels of activity and trading volume. However, it's important to keep in mind that these styles can also be more risky and require a greater level of skill and experience. It is better to do some demo trades to know which one trading style that may suit to you
Benitez
Apr 21 2023
Hey, I'm interested in XM's loyalty program. It's a straightforward reward system that doesn't require anything extra to withdraw bonuses; you just need to trade and accumulate XMP. However, I'm curious about the requirements for opening a live account with XM. Besides the account opening process, are there any other prerequisites that I need to know about? I would appreciate an explanation on this. Thank you!
Karius
Apr 21 2023
@Benitez: Hey there, great question! To participate in XM's loyalty program, you'll first need to open a live account with them. Besides providing your personal information such as your name, address, and email, you'll also need to verify your identity and address by submitting a copy of your government-issued ID and a utility bill or bank statement. Once you have completed the account opening process, you'll automatically be enrolled in the loyalty program, and you can start earning XMP rewards by trading on the platform. Just remember, the more you trade, the more XMP you'll accumulate, which can be redeemed for cash bonuses, credit bonuses, or even for XM products and services. I hope that helps clarify things for you
Loria
Jun 6 2023
What happens to your XMP (Experience Points) if you take a break from trading or become inactive for a while? Is there a chance of your XMP fading or decreasing over time? And if you do become inactive, what exactly does it mean for your status? Will it be reset back to the Executive level, or is there any other consequence? I'm curious to know if there's a specific timeframe for inactivity that triggers these changes. It's important to understand how losing your status can affect your trading benefits and bonuses. Lastly, do you have any recommendations on how traders can ensure they maintain their bonuses and manage their XMP effectively to avoid losing their status?
Justin
Jul 1 2023
@Loria: Your XMP (Experience Points) won't fade or decrease over time if you take a break from trading or become inactive. So, no worries there!
However, if you become inactive for a while, your trading status might be reset back to a lower level, like the Executive level. The specific timeframe for inactivity that triggers this can vary, so check the program's terms and conditions.
Losing your status can affect your trading benefits and bonuses, like lower spreads or higher leverage. To maintain your bonuses and manage your XMP effectively, stay engaged in your trading and meet any program requirements.
Each program has its own rules, so read their documentation and reach out to customer support if needed. Stay proactive and you'll keep enjoying your trading benefits and bonuses. Good luck!
Aliando
Jul 2 2023
Dude just amazed with XM that operate since 2009! So, just want to make sure some thing. I mean, I need to know, what are the key advantages and benefits of choosing to trade with a broker that has established a long-standing presence in the industry, such as XM which has been operating since 2009? In an ever-evolving and competitive forex market, how does XM's extensive experience and track record contribute to a sense of security, reliability, and trust for traders? Can you delve deeper into the ways in which XM's longevity and established reputation translate into tangible advantages for traders?
With years of operation, XM has had the opportunity to navigate different market conditions, adapt to regulatory changes, and refine their services to meet the evolving needs of traders. How does this accumulated experience and knowledge enhance their understanding of the market, allowing them to provide robust trading infrastructure, advanced technology, and competitive trading conditions?
Furthermore, how does XM's long-term presence in the industry enable them to develop a strong and dedicated customer support system? Are traders likely to benefit from a more efficient and responsive customer service experience, with access to knowledgeable representatives who can assist with their inquiries and concerns?
Thank you!
Ellios
Aug 30 2023
As a beginner in trading, receiving a bonus can be quite exciting. Who doesn't love bonuses, right? However, I've tried several brokers that promise bonuses like these, but I haven't received anything. I suspect there might be some requirements that I missed, so I have a few questions, particularly regarding the bonus terms, specifically the minimum age limit.
Could you please clarify what the minimum age requirement is for trading bonuses? I mean, brokers often come up with various enticing promotions and campaigns, don't they? Some even offer gifts just for verifying your account. But here's the catch: as a trader, it's crucial to understand what you're getting into and be aware of the different types of bonuses available. So, let's get to the point.
In this article, Xm offers a Deposit Bonus for its traders, which sounds great, but what about the minimum age to be eligible for all these benefits? Can you be a young trader and still qualify? It's essential to know if the broker has any age restrictions in place so that you don't miss out on these fantastic offers. So, please reveal this information: What is the minimum age requirement for a trading bonus? Thank you.
Combridg
Aug 31 2023
Alright, let's dive into trading bonuses and minimum age requirements, folks! So, are all brokers all about those flashy promotions and campaigns, right? They will offer some sweet gifts just to verify your account. But here's the thing: you have to know what you're getting into and understand the various types of bonuses available.
In this article, they discuss some common trading bonuses, such as the Loyalty bonus. Sounds great, huh? But hold on! What about the minimum age to participate in all this bonus action? Well, here's the bottom line: brokers typically have an age limit to comply with legal and regulatory requirements. In most cases, you must be at least 18 years old to engage in financial trading activities and access such bonus offerings. It's all about legal capacity, my friend!
However, keep in mind that age requirements can vary among brokers and jurisdictions. Some brokers may set the bar higher at 21 or even 25 years old. So, it's essential to read the fine print, review each broker's terms and conditions, and ensure you meet their age criteria.
Also, you have to read XM Review: Is XM A Good Broker For You?
Suho
Aug 31 2023
To play it safe and enjoy those enticing bonus offers, ensure that you provide accurate information about your age and adhere to the broker's rules. Stick with a reputable broker, conduct your research, and you'll soon be savoring those bonus perks, my friend!
As for the other bonus conditions, one crucial requirement is maintaining equity above the bonus amount to prevent cancellation. This means you must ensure that your account balance doesn't dip below the bonus amount, as doing so may result in the bonus being canceled or removed. Additionally, there may be specific trading volume requirements or time limitations associated with the bonus offer. It's essential to carefully review XM's terms and conditions for this promotion to fully grasp all the requirements and ensure compliance.
Read more: 5 Things Beginners Need to Know about XM Deposits