XM $50 No Deposit Bonus - How to Claim it & T&Cs

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 Apply. Offer availability may vary by country.

XM $50 No Deposit Bonus - Terms & Conditions

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

*Please note that while this promotion is available in the countries listed above, it does not imply that XM holds regulatory authorization in each of them.

From our research, this offer is specifically available to clients in the countries mentioned above, though it may also be accessible in other regions. The best way to confirm its availability in your country is to visit XM’s promotions page. If you see the $50 no-deposit bonus listed there, it means the offer is active in your region.

If the $50 bonus is not available, you may still qualify for the $30 no-deposit bonus, which is offered in most countries except for the UK and EEA regions. Eligible clients must be at least 18 years old, as this is the legal age required to enter into a binding contract. The program is available on the XM Standard Account.

Please note that this special offer may be time-limited. For example, in Singapore, XM’s terms and conditions state: “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 XM can withdraw the offer at any time. For that reason, I recommend checking XM’s promotions page to see if the bonus is still available and claiming it if you are eligible.

Withdrawal conditions

Notably, clients cannot withdraw the no deposit trading bonus itself. However, any profits generated from trading with these funds are withdrawable, provided two main conditions are 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 the most part, this program is in place to allow traders to test out XM's services 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 1,400 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. Apart from the no deposit bonus offer, the company also has various deposit bonuses that traders can get when they make a deposit.

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 three main trading accounts on the XM broker site. These include the standard, XM ultra low, and the Shares account. However, as mentioned, the XM Ultra low and Shares accounts 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 features spreads starting from as low as 1.6 pips for major currency pairs. The XM Ultra Low account has spreads that go even lower starting at 0.8 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 wide variety of payment options for both funding accounts and withdrawing earnings. These include credit/debit cards, wire and local bank transfers, Skrill, Neteller, USDT and other cryptocurrencies, and mobile money. Clients can select whichever payment method is most convenient for them, ensuring accessibility for traders from diverse regions and backgrounds.

Is XM Safe?

XM Group operates multiple legal entities regulated by authorities worldwide, including the DFSA in Dubai, CySEC in Cyprus, and the FSC in Belize. This specific $50 no deposit bonus is offered through their FSC-regulated entity in Belize, demonstrating the company's commitment to regulatory compliance across multiple jurisdictions.

Furthermore, the company has built one of the largest client bases in the forex market. Today, XM is among the biggest brokers globally, serving over 15 million clients worldwide. Attracting such a vast number of traders is a strong indication of XM’s credibility and solid reputation in the industry.

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.

When opening your account with the broker, you'll also have the option to enter an XM partner code during registration. This can be done at no extra cost to you and will get you valuable educational materials that can help you make the most of your trading journey with XM.

If this promotion from XM sounds exciting and you meet the eligibility requirements, you can head over to XM to open a new account. Should you have any questions about the program, feel free to leave a comment.

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