XM 100% Deposit Bonus - How to Claim it & T&Cs

XM is a well-known online broker with over 15 million clients worldwide, offering CFD trading on forex, stocks, commodities, indices, and cryptocurrencies. One of its noteworthy features is the range of promotions available to clients. Among these, the 100% deposit bonus stands out as it doubles the deposit of a trader, effectively giving them more trading power.

While such an offer is attractive, it is important to understand how it works and the specific terms and conditions. In this article, we will break down everything you need to know about the XM 100% Deposit Bonus, including eligibility requirements, how to claim it, and the key terms and conditions to be aware of.

What is the XM 100% Deposit Bonus?

The XM 100% Deposit Bonus is a promotional offer designed to boost traders' capital by matching their deposit amount dollar-for-dollar. This means that if you deposit $500, you’ll receive an extra $500 in bonus funds, giving you a total of $1,000 in trading capital. The maximum bonus traders can receive is $1,000, although the exact amount often varies depending on the trader's country of residency.

This deposit bonus only applies to first deposits from the time of promotion for both new and existing clients. The bonus can be claimed only once per account and is designed to give traders more flexibility in their trading strategies by increasing available margin. 

How to Claim the XM 100% Deposit Bonus

Claiming the XM 100% Deposit Bonus is a straightforward process. Here is a step-by-step guide:

Step 1: Open and Verify an XM Account

First, you need to open a real trading account with XM. To do this, visit the official XM website (www.xm.com) and click the “Get Started” button. Complete the registration form with your personal details, including your name, email, phone number and a partner code. After submitting, XM will send a verification email to confirm your account.

Terms and Conditions Apply. Offer availability may vary by country.
Your capital is at risk. Leveraged products may not be suitable for everyone.

Step 2: Verify Your Account

To be eligible for the bonus, you must complete XM’s Know Your Customer (KYC) process. This involves uploading a government-issued ID (e.g., passport or national ID) and proof of address (e.g., utility bill or bank statement). Verification typically takes a few hours but may vary depending on the submitted documents. 

Step 3: Open a Live Account

Once verified, log in to your XM Member Area and open a live trading account. Choose the trading platform you want to use, account type, and leverage.

Step 4: Make a Deposit

Once your account is fully verified and you have opened a real trading account, you can make a deposit. Deposit a minimum of $5 into your trading account using one of XM’s supported payment methods. This broker supports a variety of deposit methods, including Wire Transfers, Skrill, Neteller, Credit and Debit cards.

Step 5: Receive the Bonus

After a successful deposit, the 100% Deposit Bonus is automatically credited to your trading account. The bonus is usually credited to your account within 24 working hours. If it does not appear by then, you should contact XM customer support to find out the reason.

XM 100% Deposit Bonus - Terms & Conditions

As with any promotional offer, it's essential to understand the terms and conditions associated with the XM 100% Deposit Bonus. These rules ensure fair usage and prevent misuse of the bonus program. Below are the key terms governing the bonus:

Eligibility

The bonus is available to all new and existing clients who have a verified real trading account with the broker. It only applies to the first deposit from the start of the promotion. Additionally, XM strictly enforces a one bonus per client, per IP address policy. Attempting to claim multiple bonuses through various accounts or IP addresses may lead to disqualification. 

Please note that this bonus is only available on the Standard and the Shares account. It is not available on the XM Ultra Low account. Importantly, the availability of the bonus may be restricted in certain regions due to regulatory constraints. Ensure you check your eligibility on the XM website to be sure.

Bonus Usage and Withdrawal Conditions

The bonus funds are provided as a trading credit and are not withdrawable. They can only be used to trade. Profits generated from trades placed using the bonus are fully withdrawable. However, if you withdraw funds from your account, the bonus is reduced proportionally to the withdrawn amount. For example, if you withdraw $200 from a $1,000 account ($500 deposit + $500 bonus), the bonus will be reduced by $200, leaving $300 in bonus funds. Further, the bonus will be removed if a client's account balance drops to or below the bonus amount.

Account Inactivity

In the case that an account becomes dormant, all previously awarded bonuses will be immediately withdrawn from the client’s account. An account becomes dormant if there is no activity trading/withdrawals/deposits) for at least 90 days. 

What XM Has to Offer to Traders

Aside from the deposit bonus, XM offers a well-rounded trading environment with plenty of features and tools. Here’s what traders can expect.

Available Trading Instruments on XM

XM offers access to over 1,400 CFDs across various asset classes. This allows traders to diversify their portfolios as they see fit. Here, traders have access to:

• Forex - XM offers an extensive selection of 57 currency pairs, covering majors, minors, and exotics. This broad range gives traders diverse opportunities to participate in the global forex market.
• Commodities - XM supports trading in soft and hard commodities, including coffee, sugar, wheat, and copper.
• Stocks - The broker allows people to trade CFDs on shares from some of the world’s most renowned companies, including Apple, Disney, Tesla, and Microsoft, among many others.
• Precious Metals - XM provides CFD trading on precious metals like gold and silver. Investors can place trades based on their price movements.
• Equity Indices - Clients can take positions on the performance of major global markets by trading CFDs on popular indices like the Dow Jones, Nasdaq, and S&P 500.
• Energies - The broker also offers exposure to the global energy markets with CFDs on spot oil and oil futures, ideal for speculating on price movements in crude and related products.
• Thematic Indices - XM offers access to thematic indices focused on emerging sectors such as AI, Blockchain, and electric vehicles.
• Cryptocurrencies - here, people can trade CFDs on leading cryptocurrencies like Bitcoin, Ethereum, and Litecoin, as well as other popular digital assets.

XM Trading Costs and Accounts

When it comes to trading conditions, XM offers competitive spreads depending on the account that a trader uses. XM provides traders with a selection of trading accounts, each tailored to different trading needs. 

The Standard account features spreads starting from 1.6 pips on the EUR/USD pair with no commission charges. For those seeking tighter pricing, the Ultra Low account offers spreads from as low as 0.8 pips on EUR/USD, also without any commission. The Shares account, on the other hand, applies a commission fee that varies depending on the specific shares being traded.

In addition to spreads and commissions, XM applies swap fees for positions held overnight. The exact fee applied varies depending on the asset class being traded. For clients who follow Islamic finance principles, XM provides swap-free (Islamic) accounts that comply fully with Sharia law. 

XM Trading Platforms

XM provides a selection of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the custom-built XM App. MetaTrader 4 (MT4) is a long-standing favourite among traders. It features an intuitive interface, robust charting tools, and support for automated trading through Expert Advisors (EAs). The platform also comes with a wide range of built-in technical indicators and analytical tools to help traders perform detailed market analysis.

MetaTrader 5 (MT5) is an evolution of MT4, offering more features and versatility. It supports a broader range of financial instruments and includes more advanced analytical tools, enhanced charting capabilities, and a multi-threaded strategy tester. A notable addition to MT5 is the Depth of Market feature, which gives investors greater insight into market liquidity and order flow.

For those who prefer trading on the go, the XM App delivers a streamlined mobile trading experience. The app offers a user-friendly interface, real-time market data, and all the essential trading functions needed for effective market participation. It also includes charting tools and order management features, ensuring traders can monitor and execute trades seamlessly from anywhere.

The Credibility of XM

It is very crucial to consider the credibility of a broker even before thinking about their bonus offering. This will give you a better picture of what to expect from the broker and their overall level of trustworthiness. Fortunately, XM operates with regulatory oversight from various organisations, which helps prop up its credibility. XM Group operates multiple legal entities regulated by authorities worldwide, including the DFSA in Dubai, CySEC in Cyprus, and the FSC in Belize. This 100% deposit bonus is offered through their FSC-regulated entity in Belize.

This multi-jurisdictional regulatory framework reflects XM's commitment to financial integrity, transparent operations, and the protection of trader capital. Beyond its strong regulatory framework, XM has earned widespread recognition as a reliable broker among traders globally. The broker serves over 15 million clients in more than 190 countries, which reflects both its reliability and commitment to maintaining client confidence.

XM’s Other Bonus

Aside from the 100% bonus, XM offers other bonuses to its clients. These include:

• 50%+20% Deposit Bonus - XM has a long-standing deposit bonus that awards traders 50% on deposits up to $1,000 and 20% for any amount above $1,000 up to $23,500. This bonus is also available only on the Standard and Shares accounts.
• $30 No Deposit Bonus - This broker provides new users with $30 in bonus funds credited to their accounts after registration and account verification. It does not require a deposit.

Closing Remarks

The XM 100% Deposit Bonus is an attractive offer that can give traders a significant boost to their trading capital. By doubling a trader’s initial deposit, the bonus allows users to explore the markets with a greater margin. However, it is crucial to read and understand the terms and conditions carefully. Traders should be aware of the terms regarding the non-withdrawable nature of the bonus and bonus removal upon withdrawal of funds.

Beyond the bonus, XM stands out as a reliable and well-regulated broker. It features a diverse range of instruments, multiple account types, and industry-standard trading platforms, which make it a solid choice for both new and experienced traders. Moreover, it features other bonuses and promotions for its clients.

Terms and Conditions Apply. Offer availability may vary by country.
Your capital is at risk. Leveraged products may not be suitable for everyone.