XM.com offers a sign-up bonus of USD $30 / R550,86 ZAR to all new clients, including South Africans who register for a real account. For a limited time, the broker offers a 100% bonus of up to $500.
| 🔎 Broker | 🥇 XM |
| 🎉 Deposit Bonus | ✅ Yes |
| 1️⃣ Tier-1 Bonus % | 50% |
| 🎁 Tier-1 Bonus Amount | Up to $500 USD |
| 2️⃣ Tier-2 Bonus % | 20% |
| 🎁 Tier-2 Bonus Amount | Up to $4500 USD |
| ☑️ Available | MT4 / MT5 Accounts |
| ✋ Not Available | Ultra Low Account |
| 💳 Withdrawable Bonus | No |
| 🚀 Open an Account | 👉 Open Account |
Min Deposit USD 5 Regulators FSC, CySEC, ASIC, Trading Platform MT4, MT5
XM.com Sign-Up Bonus – 9 key points quick overview:
Overview
Traders who register a real account with XM are offered a first-time sign-up bonus that is equivalent to a no-deposit bonus.
The first-time sign-up is not subject to any prior deposits and serves as a welcome bonus. The $30 is automatically credited to the trader’s account. However, traders should be aware that the deposit itself cannot be withdrawn.
Should traders make any profits on the bonus amount, the profits can be withdrawn at any time.
Traders should see this bonus as a start-up boost to start trading before investing their own capital, but traders should acknowledge that it might be lower than the margin requirements on some trades.
This bonus provides traders with a demo-account experience but with the added advantage that it is applied to a real account and does not require any additional sign-up apart from real account registration.
Min Deposit USD 5 Regulators FSC, CySEC, ASIC, Trading Platform MT4, MT5
This deposit is only available to new clients who have not previously registered a real account with XM or whose information is not contained in XM’s database. Registering a demo account is also not eligible for this bonus.
In addition, traders who register an XM Ultra-Low Account will not be considered eligible either. Fortunately, XM has an array of other accounts that traders can register for that will be considered eligible.
In addition, XM offers traders a 100% deposit bonus of up to $500 and an additional 20% deposit bonus for a cumulative amount of a maximum of $4,500 or currency equivalent.
Brokers often offer these broker bonuses to new traders in an effort to draw in more customers and encourage trading activities. These bonuses are some of the best ways in which to assure traders that they will receive some cash back.
Bonuses such as these also serve as extra credit that traders can use to trade without risking their own funds, and of which the profits, not the actual bonus, can be withdrawn.
This is an imperative notion for brokers, as traders are more likely to register a real account with brokers that offer such bonuses. This helps increase the chance of gains without putting traders at greater risk of losing their own capital.
Referral Bonus
XM does not offer referral bonuses to new or existing traders who are using its products and services.
Brokers offer referral bonuses to traders in an attempt to attract new clients and expand their customer base.
Often, these bonuses have strict criteria that must be fulfilled before the trader can benefit from referring a friend or family member.
Some of the XM criteria include, but are not limited to:
- The referral has to register a real account with the broker using a unique referral link to trace the registration back to the trader.
- The referral bonus is only applicable should referrals register a real account, as these bonuses are unavailable when using a demo account.
- A certain minimum deposit amount has to be made by the referral.
- The referral may be required to execute a certain number of trades on the new account before the trader can receive the referral bonus.
Referral bonuses may also have a limited time in which traders can utilize them. Perhaps in a given month, brokers see a decrease in activity and attempt to counter it by providing such bonuses.
Min Deposit USD 5 Regulators FSC, CySEC, ASIC, Trading Platform MT4, MT5
XM at a Glance
| 🔎Broker | XM |
| Company Information | |
| 📅Year Founded | 2009 |
| 🧑🏻💻Amount of staff | Over 900 |
| 📌Current CEO | Constantinos Cleanthous |
| 🌟Founder/s | Constantinos Cleanthous |
| 👩💻Amount of active traders | Over 10 mil |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | CySEC, ASIC, IFSC, DFSA, FCA |
| 🌎Country of regulation | Cyprus, Australia, Belize, Dubai, UK |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes (for European clients under CySEC regulation) |
| Two-step Authentication | Yes |
| 🔋Investor Protection Schemes | FSCS (up to £85,000) for UK clients under XM UK (regulated by FCA) |
| Account Types and Features | |
| ➕Accounts | Micro, Standard, XM Zero (all come in MT4 & MT5 versions) |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Not offered |
| 📇Minor account currencies | USD, EUR, GBP, JPY, etc. |
| 💰Minimum Deposit | From USD 5 |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1 business day (may vary) |
| 🪙Fund Withdrawal Fee | $0 |
| 📊Spreads from | 0.8 pips |
| 💸Commissions | No commission on trades (except for stock CFDs) |
| 💱Number of base currencies supported | More than 11 (USD, EUR, GBP, AUD, etc.) |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 1:1000 |
| 📏Margin requirements | As low as 1% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Ultra-fast (average under 1 second) |
| 📆VPS Hosting | Yes (free if minimum requirements met) |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 1,000+ |
| 🗠CFD Stock Indices | Major global indices 30+(e.g., S&P 500, FTSE 100) |
| ⚖️CFD Commodities | Popular commodities 15+ (e.g., gold, oil, natural gas) |
| 📜CFD Shares | Yes,600+ Shares of listed companies (exact number depends on regulations) |
| Watchlist | Yes |
| 📱Trade Alerts | Yes |
| 🔄Trading Stocks with GP | Yes |
| 🔄Trading Indices with GP | Yes |
| Swap on Trading Board | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/debit cards, bank transfers, electronic wallets (Skrill, Neteller etc.), regional options |
| 💵Withdrawal Options | Credit/debit cards (limited to amount deposited with them), bank transfers, electronic wallets (subject to original deposit method), regional options |
| 🎁Welcome Bonus | Yes (region dependent) |
| Trading Platforms and Tools | |
| 🔧Stop-loss Instrument | Yes |
| 💻Trading Platforms | MT4 (MetaTrader 4), MT5 (MetaTrader 5), XM WebTrader |
| 👩💻OS Compatibility | Windows, Mac, Android, iOS |
| 🖥️Forex trading tools | Technical indicators Market analysis tools Auto trading (Expert Advisors - MT4 only) Algorithmic trading (limited - MT5 only) Trading calculators Economic calendar Sentiment analysis (limited) |
| Customer Support | |
| 🗣️Live chat availability | Yes, 24/5 |
| 📱Customer Support email address | support@xm.com |
| 📞Customer Support Contact Number | 35725029933 |
| 🗣️Languages supported on Website | 30+English, Malay, Chinese (Simplified & Traditional), Greek, Hungarian, Russian, Indonesian, French, Italian, Swedish |
| Educational Resources and Support | |
| 📍Beginner Trader Friendly UX | Yes |
| 🖺Forex course | Yes, XM offers a forex course for beginners. |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes, XM provides a library of educational resources including articles, videos, and glossaries. |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 10000+ |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, XM sponsors various events and teams |
| 🪙Rebate program | May offer occasional rebate promotions, check their website for current offers |
| 🗞Community Forum | No |
| Official Website and Social Media | |
| 📧Official Website Address | www.xm.com |
| 📱Official Facebook Page | Yes |
| 📱Official Twitter Page | Yes |
| 📱Official YouTube Channel | Yes |
| 📱Official LinkedIn Page | Yes |
| 📱Official Instagram Page | Yes |
| South African Trader Specific Information | |
| Does XM Accept South African Traders? | Yes, XM accepts South African traders. They have a dedicated South African branch, XM ZA (Pty) Ltd, which is authorized by the Financial Sector Conduct Authority (FSCA) with authorization number 49976. |
| Is XM regulated by the South African regulatory body (FSCA)? | Yes, For South African clients, XM operates under the regulation of the FSCA through their South African branch, XM ZA (Pty) Ltd. This ensures adherence to local regulations for client protection. |
| Does XM offer an Affiliate Program for South African Traders? | Yes, XM offers an affiliate program for South African traders. You can find more information about it on the XM ZA website or by contacting their support team. |
| Does XM allow opening trading accounts in ZAR (South African Rand)? | Yes, XM allows opening trading accounts in ZAR (South African Rand). This makes it convenient for South African traders to deposit, trade, and withdraw funds without currency conversion fees. |
| 👉Open Account | 👉Open Account |
Additional broker bonuses, promotions, and rewards
XM offers trading bonuses to active traders and loyal customers through the XM Loyalty Program. This program rewards traders with special seasonal bonuses during specific calendar events and occasions.
Customer Reviews
🥇Best to use so far
I have a good experience with this broker (in 2 years)
No problem with withdrawals/deposits (they let you withdraw back to the bank account you used to deposit with)
The best and the fastest customer support.A lack of deposit methods. Reviewed- Lizzy
🥈Best Broker (Bonuses, Withdraws, Costs and Support)
Xm is a good broker in terms of withdrawals, customer support, and bonuses (the only broker offering bonuses without strings attached). This broker should just improve on their spreads (I am sure everyone will join XM at that moment). Otherwise, everything else is fantastic. It would also be nicer if it registers with a Trading view. Reviewed -Jp Pieters
🥉Good for starters
One of the best brokers to start your forex journey. I think most newbies have tried this broker due to their heavy marketing. So far, they have honored all my profit withdrawals without any problems. Customer support is very good, and the platform is good too. My only tip for this broker is DO NOT be involved in any of their bonuses, schemes, IB, and so forth. Just plain straight trading and you will be fine. This applies to all brokers. Reviewed- Michelle
XM.com Pros and Cons
| ✅Pros | ❌Cons |
| XM offers a diverse portfolio of assets, including forex, stocks, commodities, and indices. | While their spreads are competitive on certain accounts, they can be higher on others, especially for smaller account sizes. |
| Their spreads are generally competitive, especially on their Zero accounts. | If you don't trade for an extended period, you may incur inactivity fees. |
| They cater to different trading styles with options like Standard, Micro, and Zero accounts. | While they offer some research tools, they may not be as extensive as those provided by some other brokers. |
| XM's platform is intuitive and easy to navigate, making it suitable for both beginners and experienced traders. | Some traders have reported negative experiences with XM, including issues with withdrawals and customer service. |
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Our Findings
XM, an online broker firm, offers a no-deposit bonus of $30 for new clients who set up a real trading account. With this bonus, traders can test the platform without risking their money. The profits from the bonus can be withdrawn, but the bonus itself cannot be removed. In addition, XM has a 100% deposit bonus that goes up to $500, although there are terms and conditions attached to it. Always read the terms carefully before you accept any bonuses because they may include trading volume requirements or withdrawal restrictions.
Conclusion
XM caters extensively and comprehensively to new traders who register a real account, existing traders, and loyal customers through its array of bonuses and rewards and competitive trading conditions.
These trading bonuses offer traders a chance to use the funds credited to their accounts as a boost for trading. The funds cannot be withdrawn, but the profit made from them can be withdrawn.
Brokers who offer such bonuses often see an influx of new traders registering for real accounts eligible for the bonus, which is the best way for brokers to expand their client base and increase trading volumes.
Such bonuses, especially trading bonuses, ensure constant trading volume, in addition to increases when these bonuses are active, and it is the best way to reward loyal customers and active traders. XM offers some of the lowest spreads and fees.
Frequently Asked Questions
Does XM offer a sign-up bonus to South African traders?
Like all other XM traders, traders from South Africa receive a $30 / ZAR 550,86 when they sign up.
Does XM offer any Deposit bonuses?
A 50% Deposit Bonus up to $500 / ZAR 9180,95 and a 20% Deposit Bonus up to $4500 / ZAR 82628,55.
Can you profit from a signup bonus?
If you profit from an XM sign-up bonus, the profits can be withdrawn anytime.
Can I withdraw the $30 sign-up bonus?
No, the bonus itself cannot be withdrawn. However, any profits generated from trading with the bonus can be withdrawn after meeting the required trading volume.
Does XM offer a referral bonus?
Yes, XM does offer a referral bonus: You can earn $35 for each person you refer.
Is XM a recommended broker for experts and beginners?
Yes, XM caters to both beginners and experts.
What are the available deposit currencies for a live trading account?
USD / EUR / GBP / JPY / AUD / ZAR, and more.
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