XM.com does offer a sign-up bonus of USD $30 / R480 ZAR to all new clients who choose to register for a real account. XM offers a 100% bonus up to $500 for a limited time.
| 🔎 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 | 👉 Click Here |
Overall Rating Rated #68 of USD 5 IFSC, CySec, ASIC, FCA 📱 Trading Desk Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform ₿ Crypto Yes Yes No (Just spread) 🕒 Account Activation Time 24 Hours 🏛️ Visit Broker XM Open a Real Account4.8/5
Recommended FX Brokers
Minimum Deposit
Regulators
Islamic Account
Trading Fees
XM.com Sign-Up Bonus – 9 key points quick overview:
- XM Overview
- XM Referral Bonus
- Some of the XM criteria include, but are not limited to:
- XM.com at a Glance
- XM Additional broker bonuses, promotions, and rewards
- XM Customer Reviews – TrustPilot
- XM.com Pros and Cons
- XM Conclusion
- Frequently Asked Questions
XM Overview
Traders who register a real account with XM are offered a first-time sign-up bonus which is equivalent to that of a no-deposit bonus.
The first-time sign-up is not subjected to any prior deposits and serves as a welcome bonus as well, and the $30 is automatically credited to the account of the trader. Although, traders should be aware that the deposit itself cannot be withdrawn.
Should traders make any profits on the bonus amount, the profits can be withdrawn at any time.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.
The purpose of this bonus is to provide traders with a demo-account type of experience but with the added advantage that it is applied to a real account and it does not require any additional sign-up apart from real account registration.
This deposit is only available to new clients who have not previously registered a real account with XM, or whose information is not contained on XM’s database in addition to the registering of a demo account not being 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 also provides traders with a 100% deposit bonus of up to $500 along with an additional 20% deposit bonus, with a cumulative amount of a maximum $4,500 or currency equivalent.
Brokers often offer these broker bonuses to new traders in an effort to draw in more customers in addition to encouraging 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 as it helps increase the chance of gains without putting traders at more risk to lose their own capital.
XM Referral Bonus
XM does not currently offer referral bonuses to new or existing traders who make use of the products and services offered by XM.
Referral bonuses are offered by brokers to traders in an attempt to draw in new clients and expand their customer base.
Often these types of bonuses have strict criteria that will have to 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 so that the registration can be traced back to the trader.
- The referral bonus is only applicable should referrals register a real account as these bonuses are not available 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 becomes eligible to receive the referral bonus
Referral bonuses may also have a limited time in which they can be utilized by traders, perhaps in a given month that brokers see a decrease in activity and attempt to counter it by providing such bonuses.
Overall Rating Rated #68 of USD 5 IFSC, CySec, ASIC, FCA 📱 Trading Desk Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform ₿ Crypto Yes 📈 Total Pairs 57 Yes No (Just spread) 🕒 Account Activation Time 24 Hours 🏛️ Visit Broker XM Open a Real Account4.8/5
Recommended FX BrokersMinimum Deposit Regulators Islamic AccountTrading Fees
XM.com at a Glance
| 🔎 Broker's Name | XM.com |
| 🏛️ Headquarters | UK |
| 📅 Year Founded | 2009 |
| ⚖️ Regulating Authorities | FCA, IFSC, CySec, ASIC |
| FSC No | license number 000261/158 |
| 🌐 Countries not accepted for trade | United States |
| Account Types | Micro Account; Standard account; Ultra Low Account; Shares Account |
| 📎 Bonus | Yes, $30 / R480.00 ZAR |
| 📒 Demo Account | Yes |
| 📌 Fees | R63 ZAR / $3.50 |
| 📌 Spreads | spreads from 0.6 to 1.7 pips |
| 📌 Commission | commission-free trading depending on account selected |
| ✴️ Institutional Accounts | No |
| 👨🏼💼 Managed Accounts | No |
| ⬆️ Maximum Leverage | 1:1000 |
| 💰 Minimum Deposit | $5 /R80 ZAR |
| 💳 Deposit Options | Bank Wire Transfer Local Bank Transfer Credit/Debit Cards Neteller Skrill, and more. |
| 💳 Withdrawal Options | Bank Wire Transfer Local Bank Transfer Credit/Debit Cards Neteller Skrill, and more. |
| 📊 Platform Types | MetaTrader 4 and MetaTrader 5 |
| 📶 OS Compatibility | Web browsers, Windows, MacOS, Linux, Android, iPhone, tablets, iPads |
| 📈 Tradable assets offered | Forex, commodities, cryptocurrency, shares, indices, metals, energies, options, bonds, CFDs, and ETFs |
| 💬 Languages supported on Website | 23 Languages |
| 💬 Customer Support Languages | 23 Languages |
| ⏲️ Customer Service Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
XM Additional broker bonuses, promotions, and rewards
XM offers trading bonuses to active traders and loyal customers through the XM Loyalty Program where traders are rewarded with special seasonal bonuses during specific calendar events and occasions.
In addition, XM provides traders with an additional 10-year anniversary promotion to the value of $1,000,000 where a random account will be chosen every month, providing traders with the chance of winning various prizes until 30 June 2023.
The lucky draw consists of an $80,000 prize pool and a total of 50 winners per month. To sign up for the draw, traders will have to adhere to the following criteria:
- The trader will have to be in possession of an MT4 or MT5 real account which has been validated through the relevant channels, and
- There must be a $500, or currency equivalent, account balance in the trader’s account.
There have already been numerous winners as follows:
- 1 Winner of $10,000
- 1 Winner of $8,000
- 1 Winner of $7,000
- 1 Winner of $6,000
- 1 Winner of $4,000
- 10 Winners of $2,000
- 15 Winners of $1,000, and
- 20 Winners of $200.
The funds that these traders have won are credited either in USD, or currency equivalent, to their XM MT 4 and/or MT5 live, and active, trading accounts.
XM Customer Reviews – TrustPilot
Best to use so far
I have a good experience with this broker (in 2 years)
No problem with withdrawals/deposits (they let you to withdrawal back to the bank account you used to deposit with)
The best and the fastest customer support.
A lack of deposit methods.
Best Broker (Bonuses, Withdraws, Costs and Support)
Xm is a good broker in terms of withdraws, customer support and bonuses (only broker offering bonuses without strings attached). This broker should just improve on their spreads (i am sure at that moment everyone will join XM), otherwise everything else is fantastic. Would also be nicer if it registers with Trading view. I MUCH MORE LOVE THE FACT THAT WITHDRAWS OF UP TO $300 U PAY THE WIRE FEES ON CLIENTS BEHALF
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 platform are good too. My only tips for this broker is DO NOT involved in any of their bonuses, schemes, IB and so forth. Just plain straight trading and you will be fine. Applies to all brokers.
XM.com Pros and Cons
| ✔️Pros | ❌Cons |
| irst time sign up bonus provided which serves as a welcome bonus and no deposit bonus | No referral bonus offered |
| Trading bonuses offered through XM Loyalty program for active traders and loyal customers |
You might also like: XM Review
You might also like: XM Account Types Overview
You might also like: XM Demo Account – Step by Step
You might also like: XM Fees and Spreads
You might also like: XM Minimum Deposit
You might also like: XM Islamic Account Overview
XM 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 in addition to its competitive trading conditions.
These trading bonuses offer traders a chance to use the funds credited to their accounts as a boost for trading as the funds cannot be withdrawn, but the profit made from it can be withdrawn.
Brokers who offer such bonuses often see an influx in new traders registering for real accounts eligible for the bonus and it is the best way through which brokers can expand their client base in addition to increasing trading volumes.
Such bonuses, especially trading bonuses, ensure that there is constant trading volume, in addition to increases during times when these bonuses are active, and it is the best way through which loyal customers and active traders can be rewarded. XM offers some of the lowest spreads and fees.
Frequently Asked Questions
Does XM offer a bonus to South Africans who sign up with them?
Traders from South Africa, as with all other XM traders receive a $30 / ZAR 450 when they sign up.
Does XM offer any Deposit bonuses?
A 50% Deposit Bonus up to $500 / ZAR 7 800 and a 20% Deposit Bonus up to $4500 / ZAR 67 500.
Can you profit from a sign up bonus?
If you do profit from a XM sign up bonus, the profits can be withdrawn anytime.
Does XM offer a referral bonus?
Yes, XM does offer a referral bonus where you can earn a total of $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.
4.7/5 - (25 votes)
Louis Schoeman
Featured SA Shares Writer and Forex Analyst.
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