XM $50 No Deposit Bonus - New Offer

One of the best ways forex brokers market themselves is through deposit bonuses. For the most part, it is always a win-win situation for both traders and brokers. On one side, brokers attract new traders and drive traffic to their broker sites. On the other side, traders receive deposit bonuses, discounts and other offers that improve their trading experience.

Notably, XM.com is now running a $50 no-deposit bonus offer for new clients as long as they meet some terms and conditions. In this post, we are going to look at the new XM $50 no-deposit bonus and the terms and conditions that apply.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone.

Terms and Conditions for the XM $50 No Deposit Bonus

The new No Deposit Trading Program by XM is for new traders who have not opened a real account with the company yet. With this program, clients are credited $50 or equivalent in other currency (42 EUR, 33 GBP, 42 CHF, 5000 JPY, 50 AUD, 167 PLN, 11667 HUF, 67 SGD, 578 ZAR, 1600 THB) when they sign up with XM. However, clients must complete the phone number (SMS) and/or voice verification during the sign-up process to receive this bonus.

Unfortunately, this no deposit trading program promotion is not available in all countries. Here is a list of the countries where this program is available:

• Malaysia
• Brunei
• Singapore
• Bolivia
• Brazil
• Chile
• Colombia
• Costa Rica
• Dominican Republic
• Ecuador
• El Salvador
• Guatemala
• Honduras
• Mexico
• Panama
• Paraguay
• Peru
• Uruguay

From what we could research, this offer is specifically available for clients in the countries mentioned above. However, it is highly possible that it is also available in other countries as well, the best way to find whether the program is available in your country is to visit the XM's homepage and if you see the green button "Start with $50 Free" (as can be seen on the screenshot below) it means you are eligible for taking part in the offer.

If you are not from one of the countries where XM currently offers a $50 no-deposit bonus it's very likely you can still apply for a $30 no-deposit bonus that is available in most countries with the exception of clients residing in the EEA region. Clients from Eligible countries still have to be 18 years old as this allows them to form a legally binding contract. For eligible clients, this program is available on the Micro account, Standard account, and XM Ultra Low account. Shares trading accounts are not eligible to participate in this program.

Please note that the availability of this special offer might be time-limited as for instance in Singapore, they have in their terms and conditions "The company, at its absolute discretion, offers the "No Deposit Trading Bonus Program" to all new clients of the Company residing in Singapore from 24th of June 2021 and for as long as the Company deems to provide it." This means they can cancel this special offer whenever they decide to do so. For that reason, I advise checking XM's homepage to see if the bonus is still up for grasping. If so, you can freely claim it.

Notably, clients cannot withdraw the no deposit trading bonus credited to their accounts. However, they can withdraw any profits realised by trading using these funds. However, there are two main conditions that have to be met:

• The trading volume of the relevant real trading account has to reach at least 10 micro lots (0.1 standard lots).
• At least 5 round-turn trades have to have been completed.

For me most part, this program is in place to allow traders to test out the services of XM without risking their own money. So what kind of services can clients expect from XM? Let’s take a look at that below.

What XM Has to Offer

XM provides access to one of the most diverse collections of trading instruments in the market today. In total, the company features 1,000 trading instruments from 7 main asset classes. These include CFDs on forex, stocks, indices, energies, cryptocurrencies, shares, and precious metals. This line-up of asset classes is unrivalled in the market.

These diverse trading instruments are supported by some of the best trading platforms in the world. XM avails MetaTrader 4, MetaTrader 5, and the XM Trading App. The MetaTrader platforms are widely considered the best software for trading financial markets. For starters, these trading platforms come loaded with a plethora of charting and analysis tools to complement traders’ activities. Additionally, they are fast in order execution, making XM one of the fastest execution brokers in the world.

Trading Accounts and Fees

There are four main trading accounts on the XM broker site. These include the micro, standard, XM Ultra Low, and the Shares account. However, as mentioned, the Shares account cannot participate in this promotion. Nonetheless, we will cover the fees involved in all of these accounts.

The charges on XM depend on the account a client is using. The standard account and the micro account both feature spreads starting from as low as 1.0 pips for major currency pairs. Notably, the main difference between the standard account and the micro account is that the micro account allows clients to trade in micro lots. We consider XM one of the best micro account forex brokers.

On another note, the XM Ultra Low account has spreads that go even lower starting at 0.6 pips for major currency pairs. The charges on the shares account depend on the underlying exchange a client is using.

Deposit and Withdrawal Methods

XM supports a variety of payment options that clients can use to both fund their accounts and withdraw their earnings. These include credit/debit cards, wire transfers, Skrill, Neteller, and PayPal. On this broker site, clients can choose a payment option that is most convenient for them. This ensures that clients from many regions and all walks of life are accommodated.

Moreover, most of the payment options supported by this broker are generally considered safe. It is possible to recover and trace funds using these payment options. Nonetheless, it is still possible to lose funds regardless of the payment option a client is using if they are trading with a shady broker.

Is XM Safe?

In this section, we look at two main features: the regulatory status of the broker and the reputation among its customers. To start with, XM has regulations in the UK by the FCA, in Cyprus by the CySEC, and in Australia by the ASIC. These three financial regulators are some of the stringent organizations with tough laws to follow. It is refreshing to know that XM has authorization from these three organizations.

Further, this company has been able to build one of the largest customer bases. Today, XM is one of the biggest forex brokers by the number of clients with 5 million users. Being able to attract such a high number of clients shows that XM has a good reputation among traders.

Final Words on XM No Deposit Bonus $50

This no-deposit program by XM is a good opportunity for new clients to start trading with the broker without needing to invest their own money. While it is intended for clients to test out the services of the broker, users can actually make and withdraw profits. Better yet, clients can invest this money in a variety of market instruments. If this program thrills you and you meet the requirements for eligibility, you can head over to XM and possibly open up a new account.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone.