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Are you looking for a bonus deposit program with minimum requirements? XM broker provides a two-tier bonus that requires only $5 minimum deposit.
A deposit bonus is a promotional offer provided by Forex and CFD brokers. This bonus is typically offered to new clients who open trading accounts and make an initial deposit. The broker then offers additional funds as a bonus, often a percentage of the deposited amount.
Among many brokers with a deposit bonus, XM broker has one of the most interesting offers. This broker offers a two-tier deposit bonus of 50% and 20%. The total bonus deposit that you can get from this program is $5,000. However, just like any other broker, XM 50 bonus and XM 20 bonus require you to follow their term and conditions. What else should you know about this program?
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. Remember 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 broker bonuses are applicable to any amount of deposit starting from $5 or equivalent. However, certain conditions 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.
- One eligible client's maximum bonus from the two-tier system is $5000.
For example, if you deposit $200, you'll 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 Deposit | Trading Bonus Applied | Your Trading Bonus | Trading Capital Balance |
| $5 | 50% on $5 | $2.50 | $7.50 |
| $1000 | 50% on $1000 | $500 | $1500 |
| $2000 | 50% on $1000 + 20% on $1000 | $500 + $200 = $700 | $2700 |
| $5000 | 50% on $1000 + 20% on $4000 | $500 + $800 = $1300 | $6300 |
| $10,000 | 50% on $1000 + 20% on $9000 | $500 + $1800 = $2300 | $12,300 |
| $20,000 | 50% on $1000 + 20% on $19,000 | $500 + $3800 = $4300 | $24,300 |
| $23,500 | 50% on $1000 + 20% on $22,500 | $500 + $4500 = $5000 | $28,500 |
Note that the bonus may take up to 24 hours 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.
Where to Find the Information on the Official Broker Site?
- This information is reported per Mar 15 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 Apply for XM Bonus
The thing you should know about the XM deposit bonus is that this requires you to deposit some funds. To do that, you need to start a new account. Here is what you should do to get the bonus.
- First, go to the XM official website.
- Here, you will see a bunch of menus and options. Don't get distracted. Click the green button on the website. It should be here.
- You will arrive at the registered page once you click it. You must fill out the forms to open a live account here.
- On the first box, you choose the country you're from. Next, write down your email and then fill out the passwords.
- Once you filled them out, click the 'Register' button below.
- Now, you should activate your account by verifying it. After verifying your account, you can deposit a minimum of $5 to get an XM bonus.
XM Bonus Terms and Conditions
Just like any other broker bonus program, XM deposit bonuses require you to follow some terms and conditions. Ensure you adhere to these rules. Otherwise, you will risk losing your bonus. So, what else should you know about this bonus?
- All clients who deposit funds into their trading accounts will automatically receive this bonus until they reach the maximum bonus of $5,000.
- However, XM Ultra Low Account is not eligible to receive deposit bonuses. Other XM account types are eligible for this bonus.
- This program is not available if you are under 18 or under the legal age of the country you live in.
- The bonus you received might take up to 24 hours to arrive in your trading account. So, don't panic. The bonus doesn't appear in your account in an instant.
- If the account is inactive several times, the previously awarded trading bonus will be withdrawn from the respective client's trading account.
- This promotion can only be redeemed once for each client. Participants of related parties are also prohibited; this includes spouses, family members, direct descendants, and collateral descendants.
- Bonus withdrawal is allowed. That being said, please be mindful that the withdrawal might affect your overall bonus. For a better understanding of these rules, check out the table below.
| Your deposit | Trading Bonus Amount | Profit/loss generated from trading | Balance available for withdrawal | Amount of requested withdrawal | Amount of trading bonus removal |
| $1,000 | $500 (50% on $1,000) | - | $1,000 | $250 (25% on $1,000) | $125 (25% on $500) |
| $2,000 | $700 (50% on $1,000 = $500 + 20% on $1,000 = $200) | - | $2,000 | $1000 (50% on $2,000) | $350 (50% on $700) |
| $1,000 | $500 (50% on $1,000) | $2,000 | $3,000 | $3000 (100% on $3,000) | $500 (100% on $500) |
| $2,000 | $700 (50% on $1,000 = $500 + 20% on $1,000 = $200) | -$500 | $1,500 | $450 (30% on $1,500) | $210 (30% on $700) |
XM Deposit Bonus Benefits
The XM 50 bonus and XM 20 bonus can provide traders with increased trading capital and various potential benefits. Some potential benefits include:
- Instant Credit: With this benefit, the bonus amount is credited to your trading account immediately upon making a qualifying deposit. This lets you start trading with the bonus funds immediately, enhancing your trading opportunities.
- Get Bonus with Low Deposit: This benefit enables traders to receive the bonus even with a relatively small initial deposit. You don't need a large investment to access the bonus, making it more accessible for traders with varying account sizes.
- Available on MT4 and MT5: This bonus is applicable and accessible on both the MT4 and MT5 trading platforms. Traders who prefer these popular platforms can use their preferred trading interface to benefit from the bonus benefits.
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 trade the bonus 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.
59 Comments
Jade
Mar 16 2023
I've tried several so-called big, popular brokers and now I must tell you that this type of deposit bonus program is simply great. Some brokers only have bonus programs that are a one-time deal, which is not necessary the best offer since you need to put a lot of money for your first deposit in order to get the maximum bonus. I wouldn't recommend that because it's risky to immediately entrust that amount of money in a broker that you barely know. With XM's deposit bonus though, you can enjoy it in the long-term and get the maximum limit regardless of the size of your first deposit.
Wibby
Mar 16 2023
I know a lot of brokers nowadays offer various bonus programs to attract clients, and they all sound great in my opinion. From what I've seen, bonuses usually come in the form of cash credit which can be used for trading, or benefits like access to free trading course and such. However, I've also noticed that in some forex discussion forums, people are saying that they prefer to not use these bonuses but they didn't specify why. This made me curious of the risks of using forex bonuses. Is there any downside to these programs?
Sally N
Mar 16 2023
I noticed the same thing too and I think I know why. Some people prefer to trade using a "clean" account that's free of bonuses mainly because bonuses are addictive. For instance, some bonuses require you to trade a certain amount of trading volume within a certain period. And some people would trade that much just to claim the bonus. Obviously, this is quite risky, so this is why many traders would tell you to stay away from those sweet promises.
That is not to say that all bonuses are bad, though. If you can manage your trades well and take advantage from the bonuses, then why not? The most important thing is to pick a reliable broker and read all the terms and conditions about the program. Remember to always consider your risk tolerance as well.
Max
Mar 17 2023
Nice article! I've been searching for XM bonuses and this is exactly what I needed. However, I still have one question about the withdrawal system. So, based on my understanding, the broker will deduct a certain portion of the withdrawal amount if the client hasn't used the deposit bonus for trading. Am I correct? The author only gave us an example of withdrawing the bonus before trading, but what happens if we already made some profits? Will the withdrawal amount still be deducted?
Alex
Mar 18 2023
Yes, I think you are right. If you have used the bonus for trading, then the situation would be different. Imagine that you've made a deposit of $1,000, received $500, and managed to earn $2,000 from trading. This means, you now have a total of $3,000 available to withdraw. If you want to cash out the entire amount, then $500 of the bonus will be removed because that will equal 100%. Hope it helps :)
Sumart Banerjee
Apr 15 2023
If you are interested in exploring XM's 70% extra deposit bonus offer in more detail, you may want to ask a related question such as:
How does the 70% extra deposit bonus offer fit into XM's overall trading platform and services? T
his question allows for a discussion of the broader context in which XM's bonus offer is being offered, including the company's overall approach to forex trading and the services it provides to traders. Some of the topics that could be covered in this discussion include XM's trading platforms, educational resources, customer support, and regulatory compliance. Additionally, this question could lead to a comparison between XM and other forex brokers, highlighting the unique advantages of XM's trading platform and services. Overall, this question can help traders gain a better understanding of how XM's bonus offer fits into the company's broader mission to provide high-quality trading services to its customers.
Bojan
Apr 19 2023
@Sumart Banerjee: Hey there! The 70% extra deposit bonus offer is like a cool bonus feature that XM throws into the mix of their awesome trading platform and services. XM is an online broker that lets you trade forex and CFDs on a bunch of different things like currencies, commodities, stocks, and more. And guess what? They've got this sweet bonus offer to get you even more excited about trading!
So here's the deal: when you make an initial deposit, XM gives you an extra 70% on top of that. It's like a boost to your trading capital, giving you the potential to make bigger trades and explore different strategies. With that bonus in your pocket, your potential for making profits just got a whole lot juicier.
But hold up, there are some things you need to know. XM has specific terms and conditions for the bonus offer. They might require you to reach certain trading volumes before you can withdraw the bonus funds or any profits made from them.
Kamal Rahaman
Apr 15 2023
What are the different types of deposit bonus offered by XM, and how do they work? This question allows for a more detailed discussion of the deposit bonus program offered by XM, including the different types of bonuses available and how they are awarded to traders. For example, XM may offer different types of bonuses based on the size of the trader's deposit or the type of account they have. Additionally, the question can explore the terms and conditions of the deposit bonus program, including the minimum deposit required to qualify for the bonus and the trading requirements that must be met to withdraw the bonus funds.
Christian
Apr 17 2023
@Kamal Rahaman: Absolutely! XM offers different types of deposit bonuses to spice up the trading experience for their clients. Let's break it down in simple terms.
First up, XM has the Welcome Bonus. It's like a warm hug for new traders who join XM. When you open an account, XM may give you a bonus based on a percentage of your initial deposit. Pretty sweet, right? (read more at here : Introducing XM Welcome Bonus Worth USD50 )
Next, XM has the Deposit Bonus. XM might offer this bonus based on how much moolah you deposit. For example, if you deposit above a certain amount, they could give you an extra percentage as a bonus. More money to trade with! The details? just read again the article above!
Now, let's talk about loyalty. XM appreciates its loyal clients and may surprise them with Loyalty Bonuses. These bonuses can be based on your trading activity and how long you've been with XM. It's their way of saying, "Thanks for sticking around!"
Wahyu
Apr 28 2023
"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. "
So it means, the boonus that offered, all not so free and we need to trade in oreder to withdraw the bonus from XM. And the mechanism that explained will be counted by the brokers. So, what is the best trading that needed in order to achieve that as fast as we can?
George
Apr 30 2023
Yes, that's correct. In order to withdraw the bonus offered by XM, traders need to make trades accordingly and then cash out the profit. The bonus is not free money that can be withdrawn straight away.
As for the best trading strategy to achieve this as quickly as possible, it really depends on the individual trader's goals and risk tolerance. It's important to keep in mind that trading always involves risk, and there is no guarantee of profit.
One approach that some traders take is to use a combination of technical and fundamental analysis to identify trading opportunities with a higher probability of success. They may also use risk management techniques such as setting stop-loss orders to minimize potential losses.
Lina
Apr 28 2023
the 70% extra deposit bonus that offered by XM seems very tempting but honestly, it is depend on the deposit that you have do. I mean, bigger one will get bigger also vice versa, the smaller you deposit, the smaller money that you will get. And you can see the comparition in the table.
Oay, by the way I want to ask about the system of the boonus. It said that we need toget 50% bonus and after that 20% bonus addition. Can you give me the counting example because I still dont understand what the article tried to said.
Hendi
Apr 29 2023
Let me answer the question! Regarding about the bonus system, it works in two stages. First, you'll receive a 50% bonus on your initial deposit. Then, for any additional deposits made within 24 hours of your initial deposit, you'll receive a 20% bonus on those as well.
Let's say you make an initial deposit of $1,000. With the 50% bonus, you'll receive an additional $500 in bonus funds, bringing your account balance to $1,500. If you then make another deposit of $500 within 24 hours, you'll receive a 20% bonus on that, which comes out to $100. So, your total account balance after the second deposit and bonus would be $2,100 ($1,500 + $500 + $100).
I hope that clears things up for you! Let me know if you have any more questions.
Lina
Apr 30 2023
Okay! It seems very clear to me about the bonuses that offered by XM. And it is yes that we need to deposit more in order to get more funds as well. By the way! Thank you for explaining the XM deposit bonus system to me in a clear and concise manner. Your explanation was very helpful and I appreciate your time and effort. If I have any more questions, I'll be sure to ask.
Brian Joshua
May 19 2023
I've been doing some research on XM's offerings, and their 'Enjoy 70 Percent Extra Deposit Bonus' promotion has caught my attention. However, as a trader from the United States, I want to make sure that I'm not wasting my time by signing up for a demo account if XM doesn't accept US traders. So, before diving into the process, I would greatly appreciate your assistance in clarifying a few points.
First and foremost, I would like to understand XM's regulatory framework. Could you provide some insights into the regulatory bodies that govern XM's operations? It's important for me to know that XM operates under a reputable regulatory environment to ensure the safety of my funds and the fairness of their services.
Additionally, given that I am a US trader, I would like to know if XM accepts clients from the United States. As regulations and policies can vary across different regions, it's crucial for me to determine whether I meet the necessary criteria to participate in the bonus program and trade with XM. Thank you!
Alejandro
May 25 2023
@Brian Joshua: Sure thing, I got you covered! Let's dive into the deets about XM and whether they're a good fit for you as a trader from the US.
First off, let's talk regulations. XM is actually regulated by some legit bodies. They've got the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investments Commission (ASIC) in Australia keeping an eye on them. So, you can have some peace of mind knowing they're operating under reputable oversight.
Now, here's the bummer. XM doesn't currently accept clients from the United States. Yep, you heard it right. Due to those pesky regulations and policies in the US, they can't offer their services to traders based there. So, if you're in the US, you might have to look elsewhere for your trading adventures.
Hersha
May 27 2023
Hey there! So, I've come across this awesome promotion by XM where traders can enjoy a whopping 70% extra deposit bonus. It sounds really tempting, and I'm sure many traders would love to take advantage of it. However, I was wondering, do you think bonuses like this can potentially disturb the psychology of traders, especially beginners? I mean, with such attractive bonuses, is there a risk that traders might get caught up in the excitement and rush into live trading without proper preparation or experience? It's just that I've heard stories of traders who got carried away by bonuses and ended up making hasty decisions that didn't turn out so well. I'm curious to know your thoughts on how these bonuses can impact a trader's mindset and if there are any precautions or considerations beginners should keep in mind when participating in such promotions. Thanks a bunch!
Leo
May 30 2023
@Hersha: Hey, great question! Those bonuses offered by XM sure sound like a sweet deal, but you're absolutely right to consider the potential impact on a trader's psychology, especially for beginners. The allure of big bonuses can be quite tempting and might lead some traders to overlook important factors like proper preparation and experience.
You see, bonuses like the 70% extra deposit bonus can create a sense of excitement and urgency to jump right into live trading. But here's the thing: trading requires knowledge, skill, and a solid trading plan. Rushing in without proper preparation can be risky, and that's where the potential danger lies.
The risk is that traders might get caught up in the bonus frenzy and make hasty decisions without fully understanding the market dynamics or having a well-thought-out strategy. Making impulsive trades based solely on the bonus can lead to losses and a lot of frustration.
For beginners, it's crucial to approach such promotions with caution and consider a few precautions. Firstly, take the time to educate yourself about trading and develop a solid foundation of knowledge. Don't let the bonuses blind you to the importance of learning and practicing.
Lidya
Jun 4 2023
So, when it comes to the XM Deposit Bonus program, I'm curious about the withdrawal process. Once traders generate profits through trading and utilize the bonus, how long do they have to wait before they can withdraw those profits? Can they withdraw the profits right away or are there any specific requirements or waiting periods involved? It would be great to get a better understanding of any limitations or conditions that apply to profit withdrawals through this program. Knowing the timeline and process for withdrawing profits is important for traders to effectively manage their funds and make informed decisions.
Mendy
Jun 9 2023
XM is currently offering an enticing promotion where traders can enjoy a generous 70 percent extra deposit bonus. This bonus provides traders with an opportunity to boost their trading capital and potentially enhance their trading activities. With this in mind, it raises the question of whether utilizing the deposit bonus can significantly contribute to the growth of a trader's account.
Considering XM's 70 percent extra deposit bonus, how can traders leverage this bonus effectively to potentially grow their trading account? Are there any specific strategies or considerations that traders should keep in mind when using the deposit bonus? Thank you!
Kenway
Jun 10 2023
@Mendy: In my opinion, XM's 70 percent extra deposit bonus presents an exciting opportunity for traders to maximize their trading capital and potentially enhance their trading activities. To leverage this bonus effectively and potentially grow your trading account, it's crucial to consider a few key strategies. Firstly, maintain disciplined risk management practices, ensuring you don't overexpose your account to high-risk trades. Secondly, strategically allocate the additional funds to different trading instruments or strategies, aiming for diversification to spread risk. Additionally, continue to invest in your trading education and analysis skills, utilizing the bonus to access educational resources or attend webinars. Be mindful of the withdrawal requirements outlined in the bonus terms and conditions and plan your withdrawals accordingly. Lastly, regularly evaluate your trades and adjust your trading strategy as needed to optimize results.
So, I think, by combining these strategies with the deposit bonus, you can potentially enhance your trading performance and contribute to the growth of your trading account.
Metha
Jun 13 2023
I've been considering opening a Shares account with XM, but I recently learned that the bonus program is not available for Shares account holders. Can you please clarify the limitations and withdrawal policies specifically related to the Shares account? I want to make sure I fully understand the implications of choosing this type of account and whether it would impact my eligibility for any bonus offers or promotions. Additionally, are there any alternative benefits or features that are unique to the Shares account that I should be aware of? Thank you in advance for your insights!
Sane
Jun 14 2023
@Metha: There are a few things you should know about XM Share Account. First off, it's worth noting that the bonus program is not available for Shares account holders. So if you were looking forward to taking advantage of bonus offers or promotions, you might want to consider a different account type. As for withdrawals, XM generally has a smooth and convenient process in place, but remember to check their terms and conditions for specific details on any fees or requirements. Now, while the Shares account doesn't offer bonuses, it does come with its own perks. With this account, you can trade a wide range of global stocks and enjoy XM's competitive pricing and execution. It's a great way to diversify your portfolio and get involved in the stock market. Just take the time to weigh the pros and cons and decide if the Shares account aligns with your trading goals and preferences.
Hardy
Jun 16 2023
Hey there! So, I came across this interesting article about the XM Deposit Bonus, and it got me thinking. Do you think an 18-year-old is actually ready to dive into the world of trading? The article mentions that to be eligible for the bonus, you need to be over 18 years old (or the legal age in your country) and not have any association with the company. But does age alone determine someone's readiness for trading?
And also, While the bonus is definitely enticing, I wonder if there are other factors to consider when determining whether an 18-year-old is truly prepared for trading. What are your thoughts on this?
Jonah
Jun 19 2023
@Hardy: Hey, great questions! In my opinion, age is definitely a factor to consider, but it's not the sole determining factor for someone's readiness. While being 18 years old may meet the eligibility requirement for the XM Deposit Bonus, it's important to look beyond just the age.
Trading requires a certain level of knowledge, discipline, and risk management skills. It's crucial for traders to have a solid understanding of financial markets, trading strategies, and the potential risks involved. Experience and education play a significant role in developing these skills.
Additionally, emotional maturity and the ability to handle both wins and losses are important in trading. The market can be unpredictable and volatile, so it's essential to have the mental resilience to handle the ups and downs.
Sehila
Jul 2 2023
Is there a specific time limit or expiration date for the bonus offered by XM broker? Can you provide more information on how the bonus works in terms of its duration and any conditions that may apply? For example, is there a set timeframe within which traders need to fulfill certain trading requirements before being able to cash out the bonus profits?
Furthermore, it would be helpful to understand how the bonus can be utilized to increase position size and potentially generate higher trading profits. Can traders use the bonus to open larger trades or take on more significant market exposure? Are there any limitations or guidelines on how the bonus can be applied in trading activities?
On a related note, if a trader decides they no longer want the bonus, is there an option to cancel it? It would be valuable to know the process for cancelling the bonus and any steps or requirements involved. Could you provide details on how a trader can initiate the cancellation request and how XM broker's team handles such requests? Additionally, is there any impact or implications on the trader's account or trading activities once the bonus is cancelled?
Metta
Jul 4 2023
Is it equivalent to receiving a total bonus of 70% if we combine the 50% bonus and the additional 20% bonus in XM's Deposit Bonus program?
Let's break it down. In XM's Deposit Bonus program, clients are eligible for two-tier bonuses based on their deposit amounts. The first tier grants a 50% bonus on the initial or subsequent deposits, with a maximum limit of $500. The second tier offers an extra 20% bonus on the same deposits, with a maximum limit of $4500. The maximum bonus that can be obtained from this two-tier system is $5000.
For instance, if a client deposits $200, they will receive a 50% bonus, which amounts to $100 added to their XM trading account. Consequently, the account balance will reach a total of $300.
Now, the question arises: Does combining the 50% bonus with the additional 20% bonus result in a total bonus of 70%?
Gary
Jul 6 2023
@Metta: No, combining the 50% bonus and the additional 20% bonus in XM's Deposit Bonus program does not result in a total bonus of 70%. Let's do the math.
If we take the example of a $200 deposit, the 50% bonus would give you an additional $100, bringing your account balance to $300. Now, the 20% bonus would be applied to this new balance of $300.
20% of $300 is $60. So, with the additional 20% bonus, you would receive $60 as a bonus. This would bring your total bonus amount to $100 + $60 = $160.
Therefore, the combined bonus percentage would be $160 (total bonus amount) divided by $200 (initial deposit amount) multiplied by 100, which equals 80%.
Hence, combining the 50% bonus and the additional 20% bonus in XM's Deposit Bonus program would result in a total bonus of 80%, not 70%.
Juan
Jul 5 2023
For beginners, it's important to consider whether it's recommended to take advantage of the bonus program immediately or at a later stage when opening an MT4/MT5 live trading account with XM. While opening the account entitles you to a two-tier bonus in addition to your initial deposit, there are a few factors to keep in mind. Firstly, eligibility requires being over 18 years old or the legal age in your country and having no association with the company. Additionally, the bonuses are applicable to any deposit amount starting from $5 or equivalent. With these considerations in mind, the bonuses are based on the deposit amount and divided into two tiers: a 50% bonus on the first or subsequent deposit, with a maximum limit bonus of $500 or equivalent, and a 20% additional bonus on the first or subsequent deposit, with a maximum limit bonus of $4,500 or equivalent. The maximum bonus attainable through this two-tier system is $5,000. Given these details, the question arises: is it more advisable for beginners to avail the bonus immediately or to wait?
Potter
Jul 13 2023
@Juan: For beginners opening an MT4/MT5 live trading account with XM, it's important to decide if you want to grab the bonus right away or wait a bit. Here are the key things to consider:
To be eligible for the bonus program, you should be over 18 years old (or the legal age in your country) and have no connection with the company. The bonuses kick in with a deposit as low as $5 or equivalent.
There are two tiers of bonuses available. The first tier offers a 50% bonus on your initial or subsequent deposits, up to a max bonus of $500 or equivalent. The second tier provides an extra 20% bonus on your initial or subsequent deposits, with a max bonus of $4,500 or equivalent. You can get a maximum bonus of $5,000 through this two-tier system.
Now, here's the thing: as a beginner, it's important to focus on learning the ropes and developing your trading skills. If you're still getting the hang of things, it might be better to hold off on the bonus and concentrate on building your knowledge and experience.
However, if you're confident in your abilities and have a solid trading plan, taking the bonus right away can give your account balance a boost. Just make sure to read and understand the bonus terms and conditions.
Stephani
Jul 6 2023
Good evening guys...
As a trading beginner, getting a bonus must be very pleasant. Who doesn't like getting bonuses? But I often try brokers that offer bonuses like this but I don't get anything. I think there may be some exaggerated requirements, so I want to ask a few things regarding the terms of this bonus, especially the minimum age limit.
What is the minimum age agreement for trading bonuses? I mean, brokers come with all kinds of fancy promotions and campaigns, right? Some even give you gifts just for verifying your account. But here's the thing: as a trader, you have to know what you're getting into and understand the different types of bonuses out there. So, let's destroy it. In this article, Xm offers a Deposit Bonus for its traders, Sounds cool huh? But wait, what about the minimum age to enjoy all these perks? Can you be a fresh-faced teenager and still be in action? It is important to know if there is an age limit set by the broker, so you don't miss out on this sweet offer. So, reveal the secret, what is the minimum age requirement for bonus trading? Thanks
Jessica
Jul 7 2023
In this article, they talk about some common trading bonuses such as deposit bonuses. Sounds great, huh? But hold on! What about the minimum age to take part in all this bonus action? Well, here's the bottom line: brokers usually have an age limit to follow legal and regulatory matters. In most cases, you must be at least 18 years of age to participate in financial trading activities and avail the bonus facility. It's all about legal capacity, man!
But hey, keep in mind that age requirements can vary between brokers and jurisdictions. Some brokers may set the bar higher at 21 or even 25 years old. So it's important to read the fine print, check each broker's terms and conditions, and make sure you meet their age requirements.
To play it safe and get those sweet bonus offers, make sure you provide accurate info about your age and follow the broker's rules. Stick with a reputable broker, do your research, and you'll be enjoying those bonus perks in no time, bro!
Regarding the other bonus conditions, one important requirement is maintaining equity above the bonus amount to prevent cancellation. This means that you need to ensure that your account balance doesn't fall below the bonus amount, as that may lead to the bonus being canceled or removed. Additionally, there might be specific trading volume requirements or time limitations associated with the bonus offer. It's crucial to carefully review the terms and conditions provided by XM for this promotion to understand all the requirements and ensure compliance.
Fahad J
Jul 13 2023
Hey, man, I gotta say I was really digging XM as a trading platform. I mean, they've got some killer features that had me super tempted, especially when it came to their leverage, which is actually higher than what's allowed in my own country, the US.
So after reading this article, I decided to give their demo account a whirl. I trained with it for a few months and finally felt ready to open up a live account. I followed all the steps outlined in the article, but when I tried to open up the live account, it was declined. I was bummed and ended up contacting XM customer support.
They explained to me that they don't accept US traders. I was a little confused since they allowed me to open up a demo account in the first place, but wouldn't let me open up a live account. Do you know why that is? What's the deal with XM not accepting US traders?
Siegfried
Jul 14 2023
Hey, man! It's a bummer that you had that experience with XM. So, here's the deal with Tickmill not accepting US traders. The thing is, XM is a global brokerage firm, but they have certain regulatory restrictions and policies in place. One of those restrictions is that they don't accept clients from the United States.
Now, you may be wondering why they let you open a demo account in the first place. Well, demo accounts are often available to traders worldwide, regardless of their location. It's a way for traders to get a feel for the platform and test out their strategies without risking real money. But when it comes to opening a live account, XM needs to comply with the regulations set by the authorities in the countries they operate in, and unfortunately, that means they can't accept traders from the US
Gavriil
Jul 15 2023
That's right, not many brokers accept US traders. According to the articles I read, it is known that getting a US license is very difficult because the requirements are quite strict. One of the main reasons why forex brokers do not accept US clients is because of the strict regulations imposed by the US government. The US government has implemented a number of regulations regarding forex brokers, including the Dodd-Frank Act which was introduced in 2010. This law requires forex brokers to register with the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) which can be a lengthy and expensive process.
In addition, forex brokers are also required to meet a number of other requirements, including maintaining minimum capital requirements and submitting periodic financial reports to the authorities. These regulations can be difficult for forex brokers to comply with, which is why many prefer not to accept US clients.
Well despite the many rules in the US, it is important to remember that these regulations are designed to protect traders and ensure that the forex market operates fairly and transparently. As a result, it is important to choose a regulated and trustworthy forex broker, even if they do not accept US clients. Yeah, even though Tickmill Broker can't penetrate the US market, it can't be denied that it is a good broker. Tickmill is a highly regulated Broker with a good reputation. The company is recognized globally and offers good trading conditions for professional or regular traders. Tickmill has one of the best and most good study and research materials for trading EAs.
However, you still need an account that has US regulations, you have to read this (Forex Brokers Offering Us Clients)
Julian
Jul 16 2023
Hello bro,,
Actually, here I just want to add the reason why forex brokers don't accept US clients is because of the higher costs associated with doing business in the US. The US is known to have a higher cost of living and wages than many other countries, meaning forex brokers have to pay their employees more, resulting in higher operating costs.
In addition, forex brokers also have to pay higher taxes and fees to operate in the US, which can be a significant burden for smaller companies. As a result, many forex brokers choose to focus on other markets where the costs of doing business are lower.
Apart from these reasons, In the US, forex brokers are only allowed to offer a maximum leverage of 50:1 on major currency pairs and 20:1 on minor currency pairs. This is much lower than the leverage that is offered by brokers in other countries, such as Australia and Europe, where leverage of up to 500:1 is available. The restrictions on leverage in the US can make it difficult for traders to make a profit, as they are not able to take advantage of the same level of leverage that is available in other countries. As a result, many traders choose to use offshore forex brokers that offer higher leverage, which is why many US forex brokers do not accept US clients.
This is all done to protect traders from fraud and cybercrime.
Heimdall
Jul 16 2023
I'm still new to the trading world, and yes, I rarely hear about brokers that provide trading instruments and platforms. You must have known FBS and OctaFx which always appear in several advertisements on social media. As for the XM broker, to be honest I have never heard of this broker. I'm interested in this broker but maybe prefer to trade with a demo account to hone my trading skills. I find the customer support and trading education at XM to be impressive and comprehensive and provide a community for traders to share their experiences. and now, I find fact that xm offers deposit bonuses up to 70 percent that I make happy. I want to know about XM more and more.
But I can't say for sure whether this broker is good and safe. In this article, it is simply explained that XM is subject to regulation in a number of different countries. I ask friends, is the XM broker safe for my trades and funds? Is my personal data also safe here? If anyone knows, could you please explain...
Jerremy G
Jul 17 2023
A popular global broker with a large customer base and a good reputation, XM is a good choice for most UK traders. It has some of the lowest fees in the industry, provides excellent research and education, and has a beginner-friendly trading app. It also has an excellent suite of trading tools and its customer service is responsive and well trained.
A well-regulated market maker broker XM offers trading on over 1000 instruments, including over 57 Forex pairs. Trading conditions are average compared to other similar brokers, with a spread of 1.7 pips (EUR/USD) on the Standard Account and 0.8 pips (EUR/USD) on the Ultra-Low Account. Low minimum deposit requirement of 5 USD on all account options, making it great for novice traders.
XM also offers trading on the most popular platforms – MT4 and MT5 and allows all trading strategies in addition to an arsenal of world-class educational and market analysis materials and excellent customer service.
XM has won many awards for its services and offerings over the years, including:
Overall, due to a long history of responsible behavior, strong international regulations, and wide industry recognition, we consider XM to be a trustworthy and safe broker.
Zyn Malik
Jul 18 2023
XM is a broker with a great reputation and a wide variety of rules and trading instruments which we mark as its main advantage. Apart from that, the offers are user-friendly and XM has one of the lowest deposit requirements in the industry, CFD fees are average and the platform is very friendly for all types of traders.
If you are already familiar with MetaTrader 4, then this is the right choice for you to use as a trading platform at XM. It is user-friendly and has a simple interface which is perfect for beginners. Regarding the regulatory aspects of XM, it is definitely safe to trade with them as they are regulated by some of the most reputable authorities in the industry, such as the Financial Conduct Authority (FCA) in the UK and the Australian Securities, Investments Commission (ASIC) in Australia, CySEC (Cyprus), Dubai Financial Services Authority (DFSA), and FSC (Belize). Apart from that, XM also offers segregated accounts, which is a big plus for traders looking for extra security for their funds. Read here (XM Review: Is XM A Good Broker For You?)
Moreover, At XM, an account can be opened regardless of net capital with just $5 or trading experience, also with a global approach and discovery of new markets, XM supports webinars and research materials, allows to engage and start nanny trading.
Briana
Jul 16 2023
What advantages and benefits does XM broker offer to traders in the forex market? How do XM's trading conditions and special deals differentiate it from other brokers, making it a preferred choice for both experienced traders and beginners? Could you provide more details about the features that set XM apart, such as their speedy trading platforms, diverse asset choices, and reputation for excellent customer support? By delving into these aspects, we can gain a deeper understanding of the specific advantages XM brings to the table and why it may be a top contender for traders seeking a reliable and feature-rich broker in the forex market.
Lee Guy
Aug 20 2023
Hey guys, I think this is a very lucrative offer. A deposit bonus of up to 70 percent is very impressive. As a beginner trader, this could be an opportunity to maximize my trading account's capacity for opening trading positions. Can this bonus be combined with other promotions? Is it available for all types of traders? Are there any requirements for opening a live account?
Apart from tempting bonuses, I also need a broker that provides the best platform and services for its users, not just bonuses. Is the XM App suitable for novice traders? So, if I open a real account with XM, which is faster between Visa and bank transfer? Thank you!
Immanuel
Aug 22 2023
Wow, it looks like you have a lot of interest in this broker, considering you've prepared so many questions. Well, I'll do my best to address them one by one. Firstly, in the deposit bonus program, it's usually not combinable with other bonus programs offered by the same broker. These bonus promotions are available to both new and existing clients in several regions, with the exception of PAMM/MAM account users or money managers.
Now, let's talk about XM's trading account options. XM offers three types of trading accounts, including Standard and ZERO accounts, Micro accounts, and Demo (non-real trading) accounts. XM operates as an ECN broker, which means you'll have access to deep liquidity and can enjoy tight spreads, even during volatile market conditions. To participate in this promotion, traders must register a valid ECN live trading account.
Moving on, the XM App serves as a trading platform that offers a wide range of features and tools for trading various financial instruments like forex, commodities, and indices. While this platform can be suitable for novice traders, it's important to remember that trading carries inherent risks and demands a solid understanding of markets and trading strategies. If you're a beginner, starting with a demo account to get acquainted with the trading platform and process is advisable. The XM App is quite robust and provides educational resources such as video tutorials, trading guides, and webinars to help you grasp the fundamentals of trading and enhance your trading skills.
Furthermore, the choice of payment option depends on both speed and reliability. Although bank transfers are generally considered reliable, Visa has a track record of facilitating faster money transfers. When deciding between Visa and bank transfer for deposits and withdrawals with XM, Visa typically emerges as the quicker option. However, it's worth noting that most bank cards are either Visa or Mastercard. Keep in mind that Visa transactions may entail higher fees compared to bank transfers.
Read more: 5 Things Beginners Need to Know about XM Deposits
Mancini
Oct 17 2023
With all these deposit bonuses flying around, especially in XM's two-tier bonus deal, I'm really curious about the legal stuff and what you should keep in mind when grabbing these offers. Like, are brokers allowed to hand out bonuses legally? Are there rulebooks they need to follow, and who's keeping an eye on it all?
Now, speaking of XM's bonus, it's got that 'grab me' vibe, but it's not all about the glitter, right? What are the real-deal factors folks need to be hip to when they're diving into these bonus deals? I've heard age can be a factor, and your ties with the broker matter. How does that affect your bonus eligibility?
So, what's the lowdown? I wanna wrap my head around the nitty-gritty of the legal and practical side of these broker-given deposit bonuses, especially when we're talking about XM. Lay it on me so I can make savvy moves in the Forex and CFD game
George
Oct 18 2023
Could you please clarify the legality and regulatory oversight of XM's Deposit Bonus program? I'm keen to understand how XM ensures the compliance of this bonus program with the applicable financial regulations. Are there specific regulatory authorities that monitor or oversee this program? Additionally, it would be helpful to know the key terms and conditions associated with the Deposit Bonus, such as eligibility criteria, withdrawal requirements, and any potential risks traders should be aware of. In many financial markets, bonus programs like these are closely scrutinized by regulators to ensure they don't lead to deceptive practices. Having a clearer picture of how XM approaches this program within the legal and regulatory framework would be greatly appreciated to make informed decisions about participation.
Elsa
Nov 14 2023
Hello, I was just curious about a statement in the article. I noticed that XM offered a 70 percent extra deposit, which was beneficial for us as beginners. However, I'm currently reconsidering the notion of beginners solely having small deposits. Is it possible for a beginner trader to have the capability to deposit a larger amount? This brings me to the statement:
"Get Bonus with Low Deposit: This benefit enables traders to receive the bonus even with a relatively small initial deposit. You don't need a large investment to access the bonus, making it more accessible for traders with varying account sizes."
So, my question is, if I choose to deposit a larger amount, despite this statement, can I gain additional advantages from XM's extra deposit bonus? Thank you!
Bobby
Nov 17 2023
Nami
Nov 16 2023
Hey, got a few questions about that XM promotion. So, they're talking about a 50% + 20% calculation in the article. The deal is, the more you deposit, the bigger your trading bonuses. For instance, if you drop $23,500, it works out to $28,500 with bonuses included just like the article shows.
Now, if I go big and deposit more than $10,000, like say $23,500, am I still eligible for the super high bonus of $28,500? Also, aside from the promo perks, can I score premium access service like some other brokers offer? Thanks!
Brice
Nov 16 2023
In this promotion, I've noticed that the eligibility criteria are quite stringent. Specifically, it appears that only one individual per family is allowed to participate. The promotional terms explicitly state that the offer can be redeemed only once per client, and individuals from related parties, such as spouses, family members, direct descendants, and collateral descendants, are prohibited from participating.
I have a concern about how XM can verify the familial relationships of participants, especially since we typically provide only our own personal data. Is this process secure enough to protect our personal information? I want to ensure that my privacy is not compromised.
Choujo
Nov 20 2023
Got your concerns covered! So, regarding your question, XM likely double-checks to make sure only one person per family snags the promotion. They use the details you shared during sign-up, like names and addresses, to see if you're connected to someone else who already cashed in on the deal. They might also use some tech wizardry to catch any shady business.
Now, when it comes to privacy, legit companies like XM take it seriously. They've got rules and tech safeguards to keep your info secure. If you're still not cool with it, just take a look at the promo's privacy details or shoot XM a message to find out exactly how they handle your data. And, by the way, it's all part of the KYC process. You can check out more info on that here, and I can guarantee your privacy will be rock-solid, 100%!
Benedi
Nov 28 2023
Hey, could you break down the whole deal with XM's Deposit Bonus? I'm curious about the legal side of things. How does XM make sure this bonus program is playing by the financial rules? Like, are there specific watchdogs keeping an eye on it? And what about the nitty-gritty details—like who's eligible, how you can cash out, and any risks in the mix? You know how in finance, they're always watching out for any shady business with bonus programs. Getting the lowdown on how XM handles all this within the rules would be super helpful for making smart choices about jumping in. Thanks a bunch!
Memphis
Dec 3 2023
! So, here's the scoop on XM's Deposit Bonus. They make sure everything's on the up-and-up by keeping it in line with financial regulations. While specifics can vary, generally, regulatory authorities keep tabs on these programs to make sure they're not causing any trouble.
As for the bonus deets, eligibility criteria, cash-out rules, and potential risks are the real MVPs here. XM should have these laid out in their terms and conditions. It's crucial to know who can get the bonus, how you can turn it into real cash, and what risks might be in the mix.
Just keep in mind that in the finance world, they keep a close eye on bonuses to prevent any sneaky stuff. Understanding how XM navigates all this within the legal and regulatory framework is key for making savvy decisions about diving into the bonus program. Hope that clears things up!
Aimer
Dec 14 2023
Regarding the XM Deposit Bonus program, I'm interested in the withdrawal procedures. After traders generate profits through trading and make use of the bonus, what is the waiting period before they can withdraw these profits? Is immediate withdrawal possible, or are there particular requirements or waiting periods that need to be considered?
Obtaining a clearer insight into any limitations or conditions associated with profit withdrawals under this program would be valuable. Understanding the timeline and process for withdrawing profits is crucial for traders to manage their funds effectively and make well-informed decisions.
Logan
Dec 15 2023
Is there a specific time constraint or expiration date associated with the bonus provided by XM broker? Could you furnish more details regarding the bonus's duration and any accompanying conditions? For instance, is there a designated timeframe within which traders must meet specific trading requirements before being eligible to withdraw profits derived from the bonus?
Moreover, gaining clarity on how the bonus can be leveraged to enhance position size and potentially amplify trading profits would be beneficial. Are traders permitted to utilize the bonus to initiate larger trades or assume more substantial market exposure? Are there any restrictions or guidelines governing the application of the bonus in trading activities?
In connection with this, if a trader opts to forego the bonus, is there a mechanism for its cancellation? It would be advantageous to understand the procedure for canceling the bonus and any prerequisites involved. Could you provide information on how a trader can initiate a cancellation request and elucidate how XM broker's team manages such requests? Additionally, are there any repercussions or implications on the trader's account or trading endeavors once the bonus has been canceled?
Johan
Dec 16 2023
Hey there! In general, bonus offers from brokers come with terms and conditions, including specific time limits for the bonus validity. There might be a timeframe during which traders need to fulfill certain trading requirements to be eligible for withdrawing bonus profits. It's crucial to carefully review the terms and conditions provided by XM or any broker offering a bonus to understand the specific rules.
In terms of utilizing the bonus to increase position size, brokers often allow traders to use the bonus as additional margin, potentially enabling larger trades. However, there are usually limitations and guidelines on how the bonus can be applied in trading activities, and these should be outlined in the terms and conditions.
Regarding the cancellation of a bonus, brokers may or may not provide an option for traders to cancel a bonus. If such an option exists, the process and requirements for cancellation should be detailed in the broker's policies. It's essential to contact XM broker's customer support or refer to their official documentation for the most accurate and up-to-date information on their bonus policies, including expiration, usage, and cancellation terms.
Hans
Dec 19 2023
Hello, from my understanding, there isn't a specific time constraint associated with XM bonuses. You have the flexibility to trade without time limitations, provided you meet one of their conditions, which involves ensuring that your capital doesn't fall below a certain percentage. To maximize bonuses offered by XM or any other broker, I recommend initiating trades on a demo account initially. Another tip is to open a demo account first, as this won't trigger the activation of any bonuses. Therefore, even if bonuses have a time limit, you won't be affected until you open a live account. With a demo account, you can manage risk, learn extensively, and gain a comprehensive understanding of how the forex market operates and whether your trading strategy is effective. So, this approach allows you to experiment and refine your skills before engaging in live trading. I hope this addresses your question!
Gilang
Dec 17 2023
With all these deposit bonuses floating around, especially in XM's two-tier bonus setup, I'm curious about the legal nitty-gritty and the real deal behind grabbing these offers. Can brokers legally hand out bonuses, and are there rulebooks they gotta follow? Who's keeping tabs on all of this? Now, when it comes to XM's bonus, it's got that 'grab me' vibe, but what's beyond the glitter? I've heard age and your ties with the broker might play a role. How does that affect your shot at snagging a bonus? Spill the beans on the legal and practical side of these broker-given deposit bonuses, especially in the XM scene. Lay it on me so I can make savvy moves in the Forex and CFD game.
Zero
Dec 21 2023
Certainly! When it comes to deposit bonuses, like the ones in XM's two-tier deal, the legal side is a bit of a maze. Brokers can give out bonuses, but there are rulebooks they need to stick to, and regulatory bodies keep a close eye on these practices. As for XM's bonus, beyond the flashy appeal, there are some real factors to consider.
In my opinion, your age and relationship with the broker might influence your eligibility for the bonus. It's not just about the glitter; you've got to be aware of the ins and outs. Understanding the legal and practical aspects of these bonuses, especially with XM, is key for making savvy moves in the world of Forex and CFD trading. So, I suggest to read back the article above to understand the condition and term in XM Bonuses.
Felicia
Dec 26 2023
I'm actually quite interested in understanding the potential risks associated with participating in the bonuses offered by brokers. The article mentioned XM, and I find it intriguing because they provide substantial bonuses, such as a 50% bonus and a 20% bonus. By my calculations, if I deposit $100 into an eligible account, I could receive an additional $70. As a beginner, I'm curious about the possible risks involved. What precautions or considerations should I take into account when contemplating such bonuses?
Maddison
Dec 29 2023
As a beginner exploring broker bonuses, especially those like the 50% and 20% bonuses offered by XM, it's important to be aware of potential risks. Take the time to thoroughly read and understand the terms and conditions associated with these bonuses, paying attention to any withdrawal restrictions and trading volume requirements. While the allure of additional funds is tempting, be cautious about overtrading to meet bonus conditions, and ensure that the bonus structure aligns with your trading strategy. Research the reputation of the broker, look out for hidden fees, and don't let the bonus influence impulsive trading decisions. Starting with a smaller deposit and diversifying your trading approach can also help mitigate risks. If you have questions, reach out to the broker's customer support for clarification. Ultimately, being informed and cautious will help you make decisions that align with your trading goals.