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

XM is a well-known online broker with over 20 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. 

About XM

Aside from the deposit bonus, XM offers a well-rounded trading environment with plenty of features and tools. XM gives you access to over 1,400 CFDs, including 57 currency pairs, stocks, indices, commodities, metals, energies, thematic indices and cryptocurrencies, which you can trade on MT4, MT5 or the XM App. The bonus applies to the Standard account, with EUR/USD spreads from 1.6 pips and no commission, and the Shares account, which charges a commission per trade; swap free Islamic accounts are also available.

XM Group runs several regulated entities, including ones supervised by CySEC in Cyprus, the DFSA in Dubai and the FSCA in South Africa, but this bonus is offered only through XM Global Limited, registered with the Financial Services Commission of Belize. Protections such as investor compensation schemes vary between XM's entities, so the level of cover depends on which one your account is opened with.

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.