Are you looking for a bonus deposit program with minimum requirements? XM broker provides a two-tier bonus that requires only $5 minimum deposit.

If you've been trading in the forex market for a while now, then there's a high chance that you've heard of XM broker. For many years, XM has been known as a leading broker that offers speedy trading platforms, plenty of asset choices, and excellent customer support. However, if you are a complete beginner, you should definitely consider taking a good look at this broker. In case you're looking for a popular broker with interesting trading conditions and various special deals, XM broker could be your top choice.

XM deposit bonus

 

Get to Know XM Deposit Bonus

As soon as you open any MT4/MT5 live trading account with XM, you'll be entitled to receive a two-tier bonus in addition to your initial deposit. Keep in mind that you need to be over 18 years old or the legal age in your country and not be associated with the company in any way to be eligible for this program. The bonuses are applicable to any amount of deposit starting from $5 or equivalent. However, there are certain conditions that need to be considered, which we will explain more in the details below.

Clients who meet the criteria of the bonus program will receive deposit bonuses based on the amount of the deposit, and the bonuses will be divided into two tiers:

  • Get a 50% bonus on the amount of the first or subsequent deposit made in the live account with the company. The maximum limit bonus given is $500 or equivalent.
  • Get a 20% additional bonus on the amount of the first or subsequent deposit in the live account with the company. The maximum limit bonus given is $4500 or equivalent.
  • The maximum bonus that one eligible client can get from the two-tier system is $5000.

For example, if you deposit $200, you'll be entitled to receive a 50% bonus, equivalent to $100 to your XM trading account. You will then have a total of $300 in your account balance.

So how does the two-tier system work?

Since the maximum limit is $500, then it means that the maximum amount of deposit that would give you a 50% bonus is $1000. XM then decided to add an additional 20% for the remaining deposit amount with a maximum limit of $4500.

That means, if you decide to deposit let's say $2000, then you'll be entitled to receive 50% on $1000 + another 20% on $500. This will leave you with a total of $2700 in your account balance. This is basically how the two-tier system works.

To help you further, the table below demonstrates how the bonus system works and sums up the math behind it.

Your DepositTrading Bonus AppliedYour Trading BonusTrading Capital Balance
$550% on $5$2.50$7.50
$100050% on $1000$500$1500
$200050% on $1000 + 20% on $1000$500 + $200 = $700$2700
$500050% on $1000 + 20% on $4000$500 + $800 = $1300$6300
$10,00050% on $1000 + 20% on $9000$500 + $1800 = $2300$12,300
$20,00050% on $1000 + 20% on $19,000$500 + $3800 = $4300$24,300
$23,50050% on $1000 + 20% on $22,500$500 + $4500 = $5000$28,500

Note that it may take up to 24 hours for the bonus to appear in your trading account. It is also worth mentioning that the deposit bonus system is not a one-time deal, so it should be active until the bonus limit is reached, which is a total of $5000 accumulated from the bonuses.

That being said, this program is available for both new and existing clients, as soon as the promotion is active and the limit hasn't been reached.

 

Bonus Limitations and Withdrawal Policies

First of all, it's important to point out that the bonus program is not available for holders of Ultra Low account as well as Shares account. Therefore, when registering with the broker, please make sure that opening an Ultra Low or Shares account would cause you to miss the opportunity.

Another thing is that the bonus cannot be withdrawn immediately or transferred to a different trading account. Any withdrawal made will result in the removal of the previously given deposit bonus in proportion to the percentage of the requested amount of the withdrawal. Let's say you deposited $1000 and received a $500 bonus (50%), then you decided to withdraw $250 (25% on $1000) before making any trades. This will result in the removal of $125 (25% of the bonus) from the withdrawal amount.

To be able to take advantage of the bonus, you'll need to make trades accordingly and then cash out the profit. In other words, the bonus is not free money that you can withdraw straight away. Instead, you can use it to increase your position size and generate bigger profits from trading.

You can also cancel the bonus at any time by sending a request to nobonus@xmglobal.com. XM broker's team will soon process your request and inform you once it's done.

 

Final Thoughts

XM Deposit Bonus program provides an excellent opportunity to improve your trading performance without having to complete difficult tasks. All you need to do is deposit some funds into your live trading account and receive the bonus in less than 24 hours. You can then use the bonus for trading and withdraw the profit whenever you like. While this can certainly help newcomers navigate their way, it also makes a good reason for existing clients to keep trading with the broker.

 

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.