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Who is XM?

XM is an online Forex and CFD broker, providing online trading service internationally.

XM is regulated and licensed by multiple financial authorities all over the world.

While following strict rules and directives, XM makes sure that all funds of clients are deposited into segregated accounts and protect them with “Compensation Funds” to provide safe and secure investment environment.

Note that the service conditions can be different depending on the jurisdiction you are in.

By opening an account with XM, you can invest in over 1000 financial instruments of Forex, CFDs on Stock Indices, Commodities, Stocks, Metals and Energies.

XM is known as the most popular online FX broker in the world, and you can maximize the benefit by receiving Trading Bonus of XM’s Loyalty Program.

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XM Loyalty Program

XM’s Loyalty Program rewards traders who are loyal to XM.

Through the program, XM rewards traders with “XMP” or also known as XM Points.

The accumulated XMP in your account can be exchanged for Trading Bonus.

The amount of the bonus totally depends on each trader’s trading volume. Higher the trading volume, higher the bonus you can earn just like other “Cash Back Rebate” promotions.

Number of XMP you can earn per lot (100,000 units), can be increased by trading longer period with XM, as in being loyal by staying longer with XM.

You may consider XM’s Loyalty Program as a type of “Cash Back”, which you can earn bonus for every trade you make.

XM’s Loyalty Program is available only for Micro and Standard account types.

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Loyalty Points (XMP) exchanged for Trading Bonus

Within XM’s Loyalty Program, there are 4 levels.

Your loyalty level will depend on the trading period, and each level has different rate of XMP reward as below:

Loyalty Status Executive Gold Diamond Elite
Status Requirement By opening an account 30 days of consecutive trading 60 days of consecutive trading 100 days of consecutive trading
Amount of XMP you can earn per lot 10 XMP 13 XMP 16 XMP 20 XMP

The accumulated XMP can be seen in your Client Portal.

Whenever you want, you can exchange the XMP for Trading Bonus according to the formula: XMP / 3 = bonus amount.

For example if you are at the Diamond level, you can earn 20 XMP for every standard lot of trading.

According to the formula, 20 XMP equals to about $6.66, resulting $6.66 per lot cash back (trading bonus).

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Your loyalty status will be demoted to “Executive Level” in case of trading inactivity according to the same principle applied in direction of promoting.

You cannot earn any XMP for orders closed within 10 minutes from the opening time.

For symbols other than Forex, different rate will be applied.

How to join XM’s Loyalty Program?

To join XM’s Loyalty Program, follow the steps below:

  1. Go to the registration page and open “Micro” or “Standard” account.
    XM’s Loyalty Program is available only for “Micro” and “Standard” account types. The online registration and account opening are absolutely free of charge.
  2. Complete account verification
    Submit documents (copies of ID and Proof of Address) to verify your account information. This account verification will expand the options available in the client portal.
  3. Deposit more than $5
    The required minimum deposit amount to start trading in “Micro” or “Standard” accounts is 5 USD or equivalent amount in other currencies (EUR or JPY). XM does not charge any fees for fund deposit and withdrawal.
  4. Confirm your participation in the Loyalty Program
    In XM’s client portal, confirm your participation to the loyalty program.
Note that XM’s loyalty program may not be available for traders residing in certain countries.

Open XM Mini or Standard Account

XM’s Trading Conditions

XM is known as the world’s largest MT4 broker, and there are many reasons for XM to be chosen by traders other than its professional support and account management.

XM’s Loyalty Program is available for Mini and Standard account types.

The differences of trading conditions of these account types are as follows:

Account Types Micro Standard
1 lot size 1,000 units 100,000 units
Available trading Volume from 0.01 to 100 lots from 0.01 to 50 lots
XM’s loyalty program is not available for XM Zero or XM Ultra Low Spread account types.

The available trading platforms are MT4 (MetaTrader4) and MT5 (MetaTrader5).

Both platforms are compatible with various types of devices such as Windows, MAC, Android, iOS (iPhone and iPad) and web browser.

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XM offers leverage 1:888, which is very high comparing to the industry’s average.

The broker also support NBP (Negative Balance Protection) for all account types, thus the maximum loss is limited to the total account balance at anytime.

The minimum Forex spread (the difference of bit and ask prices) is from 1.6 pips for both Micro and Standard account types.

XM’s high quality execution makes sure that there is:

  • No Virtual Dealer plug-in
  • No Re-quotes
  • No Order Rejection
Virtual Dealer plug-in is a system intended to work against traders on the platform by causing losses so the broker can earn profits.

XM’s official statistic records that 99.35% of all orders executed in less than 1 sec.

On XM’s MT4 and MT5, you can invest in over 1000 instruments of Forex, CFDs on Stock Indices, Commodities, Stocks, Metals and Energies.

Open XM Mini or Standard Account

Country Restrictions

XM is licensed by multiple regulatory authorities all over the world.

Some service conditions can be different depending on the entity you signup for within the XM’s group companies.

Due to the same reason, XM’s Loyalty Program may not be available for traders residing in certain jurisdictions.

To find out if you are eligible to join the loyalty program, please visit XM Official Website and contact support team available for 24/5.

Trade with XM, earn XM Loyalty Points and Exchange them for Cash Back.

Service Details

Company
XM
(Trading Point Holdings Ltd)
Rating Traders Rating
4.3 rating based on 3 ratings
4.3/5 3
Regulations Regulations & Licenses
Founded Founded in 2009 (10 years)
Max Lev Maximum Leverage

Disclaimer about leverage:

Leverage is offered based on your knowledge and experience. The leverage /margin requirements may be subject to change as subject of applicable regulation in your country of residence.

USA clientsNot Accepted
JPN clientsAccepted
Country BaseCyprus
Headquaters 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor 3042 Limassol, Cyprus

Disclaimer about leverage:

Leverage is offered based on your knowledge and experience. The leverage /margin requirements may be subject to change as subject of applicable regulation in your country of residence.

Funds

Cryptos Available Crypto-Currencies
Negative Balance Offer Negative Balance Protection
Client Funds Safety Segregated
Deposits Deposit Methods
Withdrawals Withdrawal Methods

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