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 first part of a trader's deposit and then keeps adding bonus funds on following deposits.
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 how the bonus tiers work, 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 tiered promotional offer that boosts a trader's capital across several deposits. Instead of a single flat bonus, it is split into three levels:
- 100% bonus on your deposits, up to $200 in bonus funds
- 50% bonus on your following deposits, up to $500 in bonus funds
- 20% bonus on further deposits, up to $5,000 in bonus funds
For example, if you deposit $200, you’ll receive an extra $200 in bonus funds, giving you $400 in trading capital. Deposits after that are matched at 50% and then at 20% until the limits of each tier are reached. The bonus itself cannot be withdrawn, but profits made with it can. Availability and amounts may vary depending on the trader's country of residence.
The bonus is offered through XM Global Limited and can be redeemed only once per client. It 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. Follow these steps:
- Register with XM. 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. XM will then send you an email to confirm your registration.
- Verify your account. Complete XM’s Know Your Customer (KYC) process by 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.
- Open a Standard live account. Log in to your XM Member Area and open a real trading account. Choose the Standard account, as the bonus is not available on Ultra Low, Swap Free or Shares accounts. Then select your platform and leverage.
- Make a deposit. Fund your account using one of XM’s supported payment methods, such as Wire Transfers, Skrill, Neteller, Credit and Debit cards. Your first $200 of deposits is matched at 100%, and later deposits at 50% and then 20%.
- Receive the bonus. The bonus is credited to your trading account after a qualifying deposit. XM states that it may take up to 24 hours. Any additional conditions for your account are shown in the XM Member Area. If the bonus does not appear, contact XM customer support.
Terms and Conditions Apply. Offer availability may vary by country.
Your capital is at risk. Leveraged products may not be suitable for everyone.
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 offered to clients who open a real trading account with XM Global Limited, at XM’s discretion and only in countries where the promotion is available. It can be redeemed only once per client. Participants must be at least 18 years old.
XM also excludes related parties from the promotion. If your registration or trading data, including your IP address, matches that of another participant, such as a family member, XM may disqualify you.
Please note that this bonus is only available on the Standard account. It is not available on the XM Ultra Low account, the Swap Free account or the Shares account.
Trading Requirements
XM may link its deposit bonus programs to trading activity, with any specific requirements shown on its platform. For this purpose, only trades held open for more than five minutes count. Trading done with bonus funds is not counted either. XM uses the ratio of your own funds to your equity to work out how much of each trade is eligible.
Bonus Usage and Withdrawal Conditions
The bonus funds are provided as a trading credit and cannot be withdrawn. They can only be used to trade. Profits generated from trades placed using the bonus are fully withdrawable.
However, any withdrawal reduces the bonus by the same percentage as the share of the balance you withdraw. For example, if you deposit $200 and receive a $200 bonus, then withdraw $50 (25% of your balance), the bonus is reduced by 25%, from $200 to $150. If you have open positions when you request a withdrawal, the percentage is calculated against your balance plus your open profit or loss.
Transfers, Inactivity and Opting Out
If you move funds between your XM trading accounts, the bonus moves with them in proportion to the amount transferred, and no new bonus is credited on an internal transfer. If the receiving account is not eligible for bonuses, the transferred share of the bonus is lost. If an account becomes dormant, all previously awarded bonuses are immediately removed. Clients who do not want to receive the bonus can opt out at any time by contacting XM.
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. Swap free Islamic accounts are also available, although they are not eligible for the bonus.
XM Group operates through several entities, 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.
Closing Remarks
The XM 100% Deposit Bonus is an attractive offer that can give traders a significant boost to their trading capital. By doubling the first $200 deposited and then adding 50% and 20% on following deposits, the bonus allows users to explore the markets with greater margin. However, it is crucial to read and understand the terms and conditions carefully. Traders should be aware that the bonus cannot be withdrawn, that withdrawals reduce it proportionally, and that it is only available on the Standard account.
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. Traders who want to try XM before depositing can also claim the $30 no deposit bonus, which is credited after registration and verification.
Terms and Conditions Apply. Offer availability may vary by country.
Your capital is at risk. Leveraged products may not be suitable for everyone.
Top-Tier Trusted Brokers
The table below contains links to 3rd party websites of our top partners from whom we receive compensation at no additional cost to you.
