Maximize Your Earnings with Exclusive XM Promotions
Understanding the XM promotions programs clearly will help you earn good money into your account. Currently, XM has many bonus programs such as "New Account Opening Bonus", "Deposit Bonus" and "XMP (Loyalty Status)...
In this article, I will specifically introduce you to the types of bonuses when trading with XM, how to claim bonuses and how to use bonus money most effectively. Follow along!
XM Promotions Programs
You can see XM's current bonus programs by going to:
Homepage => click "Promotions" tab
1. XM Referral Bonus Program
The "Refer a Friend" program from XM provides an attractive opportunity to earn cash rewards for both new and existing XM customers. To participate in the program and become a Referrer, you need to have an authenticated live trading account with XM.
How XM Referral Bonus Program Works
Get referral link:
- First, log in to your XM Members Area.
- Go to the "Refer a Friend" section to get your unique URL link to invite friends via email or share.
JOIN THE REFERRAL PROGRAM HERE
Bonus eligibility requirements:
- The referred person must use your link to open an XM account.
- The referred account must be verified, funded and complete 3 standard lots of trading in forex, gold or silver.
XM Referral Bonus Payouts
The referral bonus you receive depends on the number of successful referrals you've made:
- $80 per referral for 1-15 referrals
- $100 per referral for 16-30 referrals
- $150 per referral for over 30 referrals
No limit on number of referrals
The program has no limit on the number of people you can invite, but only those who meet the requirements will help you earn the cash reward.
Please note:
- There may be currency conversion fees if your account does not use US Dollars (USD).
- Lot sizes vary by region and Shares accounts have special requirements.
The "Refer a Friend" program is a great opportunity for you to both help your friends get the chance to trade with XM, while earning attractive cash bonuses yourself. Don't miss out on increasing your income this way!
2. XM promotions - XM Deposit Bonus Program
The XM deposit bonus program is a two-tiered promotional offer that provides benefits to traders when they fund their live trading accounts. Specifically, the program includes:
- Tier 1: 50% match of deposits up to $500
- Tier 2: 20% match of deposits, with a combined maximum of $5,000 or equivalent amount.
Any profits generated from the bonus funds can be withdrawn at any time. However, withdrawing money from the account will lead to a corresponding part of the trading bonus being cancelled.
XM Deposit Bonus Eligibility
The deposit bonus automatically applies to all clients funding their trading accounts until the $5,000 maximum combined bonus is reached. However, XM Ultra Low Accounts and XM No Swap Accounts do not qualify for this bonus.
Examples of Deposit Bonuses:
Below are some examples of how the deposit bonus is calculated based on your deposit amount:
- $100 deposit = $50 bonus (50% of $100)
- $500 deposit = $250 bonus (50% of $500, the maximum for Tier 1)
- $1,000 deposit = $300 bonus ($250 Tier 1 maximum + 20% of $1,000 - $250)
You can claim your bonus immediately by visiting your Member Area and following the deposit instructions below.
3. Participate in real and demo contests
You can earn prizes by participating in contests hosted on XM. Be sure to carefully read the terms to ensure you can easily withdraw any cash prizes awarded without issues due to previous misconduct.
Register for contests organized by XM:
- Log in to your Member Area
- Choose “Tournaments”
- Select the current or upcoming contest that interests you August Contest
You can also join our in-house August contest with an account opened via the link below:
- Open a XM Trading Account
- Prizes up to $500, with $250 for first place
- Lower competition than weekly contests hosted site-wide
4. XM Points Program: Rewards and Loyalty Statuses
The XM Points program is a rewards system for clients with real live trading accounts at XM. It allows users to earn XM Points (XMP) based on their trading volume and then convert these points into cash rebates without needing to fill out any forms or enroll. As you start trading, you will automatically begin accumulating XMP.
XM Loyalty Statuses
The XM Points program has four different loyalty statuses:
- XM EXECUTIVE - This is the starting status for all clients with live accounts. Users earn 7 XMP per traded lot.
- XM GOLD - After 30 days of trading, the account upgrades to Gold status. Earn 10 XMP per traded lot.
- XM DIAMOND - After 60 days of trading, the account upgrades to Diamond status. Earn 13 XMP per traded lot.
- XM ELITE - After 100 days of trading, the account upgrades to Elite status. Earn 16 XMP per traded lot.
How to Earn and Redeem XM Points
As you trade, you will earn XMP and can convert them into cash rebates at any time in the Members Area. Here you can also track your XMP balance and equivalent cash value when redeemed. The conversion rate is:
Credit Amount = XMP / 3
For example, if you have 3,000 XMP, you will receive $1,000 cash rebate (3,000 / 3 = 1,000).
Withdrawing Funds and Rebate Deduction Rules
Any profits earned from trading with rebate funds can be withdrawn at any time. However, any withdrawal will lead to a corresponding part of your trading rebate being deducted in proportion. For example:
- You converted 3,000 XMP and received $1,000 rebate
- Your profit from trading the rebate is $1,500
- You request a $750 withdrawal - your rebate will be deducted by $500 (50% of $1,000)
This is a very easy way to convert your XMP to cash which is credited almost instantly to your account.
Steps to Join the XMP Program:
- Open a live trading account with XM
- Fund your account
- Start trading and earn XMP
- Redeem XMP for cash rebates
- Withdraw profits (if any)
The XM Points program provides many benefits by encouraging more trading volume to earn greater rewards, while also offering opportunities to increase income from trading.
Some important notes on XM bonuses
- XM Ultra Low accounts may not qualify for all bonus types
- Complete live account verification to claim bonuses
- XMP only accrues on positions held over 10 minutes
- XMP is not lost when withdrawing funds
- Statuses reset if no trading within stipulated timeframe
- Bonuses transfer proportionally with funds between accounts
- Accounts dormant for 90+ days will be archived
- Fraudulent bonus receipt leads to account freezing permanently
Please note:
- Some account types may not qualify for bonuses, so check your type and bonus terms carefully
- You may need to register for some programs to participate
You may be interested in:
- Compare XM account types and which account should you open?
- What is XM Floor? Is it reputable? XM broker review 2024
Above, I have specifically introduced you to the current bonus programs available from XM. I hope this information is useful to you and helps you not miss out on XM's attractive bonus programs. Best of luck to you!