Xm no deposit bonus

Open a live trading account at XM – before anything else, you need a live account to be eligible for the no deposit bonus at XM. And as our XM no deposit bonus review shows, it literally takes just a couple of minutes to set up that account with this broker. You need to provide your basic details, such as your full name, date and place of birth, residence address, and employment details for the KYC procedure. After that, you need to verify that information by uploading your national ID/passport/driver’s license and bank statement/utility bill. Once that’s done too, you can go ahead and apply for the no deposit bonus itself.
After you create your very-first account at XM, you need to head over to the member’s area where you need to opt for the no deposit bonus offered by XM.
Then you need to verify your claim. You can do this either by the SMS or voice verification. And once that’s done too, you’re pretty much good to go, your $30 XM no deposit bonus is ready to be used in your forex trading endeavors.

Top forex bonus list

As you can see from our XM no deposit bonus review, this process is extremely simplified, therefore there are no complications with it. The XM no deposit bonus is probably one of the easiest to get out of all the brokers so far.

XM no deposit bonus

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Forex trading is one of the most multifaceted and complex forms of financial activity in the world. It involves analyzing a bunch of asset price movements, economic and political developments, volatility channels, and whatnot. In short, you have to be constantly aware of various market forces to never miss the chance.

One of the ways the brokers try to make this complexity a bit more bearable is by offering different bonus promotions. Whether it’s deposit bonuses, refer-a-friend bonuses, or no deposit bonuses, the main goal with these promotions is to help you take your trading game to the next level.

With that being said, however, you need to make sure that you’re getting the service from the most trustworthy broker possible. Otherwise, its bonus will be yet another lure that attracts you and leads you to your eventual demise.

XM forex broker has already proven that it is one of the best choices for a south african trader. Besides that, they are one of the only brokers that offer a no deposit bonus for their customers. The brokerage offers trading on the popular metatrader 4 and metatrader 5 platforms with their free XM no deposit bonus of 30 USD (420 ZAR). The beauty of the offers is the fact that you do not have to deposit anything. What this means is that as soon as you sign up you are immediately eligible for that 420 ZAR. This is one of the best ways to start off in forex trading as it lets you taste the market, without having to pay your own money.

In the following review of XM no deposit bonus, our team of expert reviewers at topforexbrokers will help you understand what makes this bonus so unique, as well as trustworthy.

XM no deposit bonus review

The registration for the bonus is very easy. The only thing you will need to indicate is your email and phone number. The number will not be used for those pesky telemarketing campaigns, and will only serve as a confirmation method when utilizing the broker’s feature. The XM no deposit bonus is very fast to be credited. The moment you apply for it the process begins and could last 24 hours tops, however it usually takes no more than 30 minutes. After those 30 minutes, you will get your XM bonus account and will be ready to start trading without hassle.

To give you a more detailed description of the registration process for XM no deposit bonus, here’s the list of steps you need to take:

Open a live trading account at XM – before anything else, you need a live account to be eligible for the no deposit bonus at XM. And as our XM no deposit bonus review shows, it literally takes just a couple of minutes to set up that account with this broker. You need to provide your basic details, such as your full name, date and place of birth, residence address, and employment details for the KYC procedure. After that, you need to verify that information by uploading your national ID/passport/driver’s license and bank statement/utility bill. Once that’s done too, you can go ahead and apply for the no deposit bonus itself.

After you create your very-first account at XM, you need to head over to the member’s area where you need to opt for the no deposit bonus offered by XM.

Then you need to verify your claim. You can do this either by the SMS or voice verification. And once that’s done too, you’re pretty much good to go; your $30 XM no deposit bonus is ready to be used in your forex trading endeavors.

XM trading platforms

Although there is software that is superior to the MT4 and MT5, we still believe that these two are some of the best available ones still. Sure they may be a bit outdated but they get the job done, and there is not too much you can improve a trading software with. The simple design of the software that XM forex broker uses is definitely a very big plus to the whole experience.

The best thing about the whole ordeal is that XM understands the hectic lifestyle of today’s society, therefore they also offer an option to trade on your smartphone.

XM no deposit bonus withdrawals

The fact is that the same policy is applied to the XM no deposit withdrawals as to their regular accounts. As our review of XM no deposit bonus shows, there are no related fees, everything you make is pure profit and can be withdrawn. However, there is one setback, which is pretty much the industry standard. You cannot withdraw the bonus or the profits until you reach a certain amount of trades. For example, the broker may require that for the $30 bonus you would have to make at least $5,000 ( 70,000 ZAR) trades. This is no setback, however, as over time, you will learn enough and use the leverage, by which point reaching that mark will not be hard at all.

XM no deposit bonus guide

As already mentioned the XM bonus is quite easy to get. Over 1.5 million of its users have the opportunity to utilize it, this should already give you an idea about the size of this brokerage. Now with all of the reassurance about the forex broker, let’s dive into the detailed guide on how to get the bonus.

Go to the XM website, choose south africa and then click on the green button that says “open an account”;

Fill out all of the personal information, no need to worry, all of that info will be safely encrypted and stored;

Choose which software you would like to use, it can only be either MT4 or MT5;

Choose an account type, you can find more detailed info about the accounts in our XM review;

Confirm all of your emails, log-in your account and apply for the bonus after filling in the payment methods, this is where all of your profits will go;

Wait for 30 minutes to an hour and your bonus will be transferred;

Start trading;

So you don’t deposit anything?

That’s right! You have already noticed that there was no segment dedicated as to how you deposit. Well, you don’t have to, it’s indicated in the name, XM no deposit bonus. You may think that this is a terrible business model, but in all honesty, this bonus is what got most of the customers to remain or even find XM. There are also other types of bonuses to go around, such as the XM loyalty deposit bonus and the XM deposit bonus, but that is a story for another day.

The reality is that the funds that are given to you when you register, is solely covered by the company. The only thing you need to know is that you cannot withdraw that 420 ZAR, you will have to wait until you have made at least some kind of profits before you are eligible.

Naturally, making your millions with just 420 ZAR is going to be hard, so don’t expect too much very quickly. All I can suggest is that you keep at it, work your way up and if need be, boost your portfolio with a deposit once you get acquainted with the platform.

It’s also important to note that XM is fully regulated in south africa, so no matter what your funds will be protected by the FSCA. So what’s holding you back? The free XM bonus may not be here forever.

XM sign up bonus

A XM sign up bonus of US dollar 30 is offered by XM.

Traders who register a real account with XM are offered first time sign up bonus which is equivalent to that of a no deposit bonus as well as a welcome bonus for first time registration as no initial bonus is required to earn this bonus amount.

The US dollar 30, or currency equivalent, bonus is automatically credited to the trader’s account and it is non-withdrawable. Only profits earned can be withdrawn.

This offer is only available to new traders who register a real account, demo account users are not considered eligible.

In addition, XM also provides traders with a 100% deposit bonus of up to US dollar 500 along with an additional 20% deposit bonus, with a cumulative amount of maximum US dollar 4,500 or currency equivalent.

This offer is not available to demo account holders or XM ultra low account holders.

Brokers often offer these broker bonusses to new traders in an effort to draw in more customers in addition to encouraging trading activities. These bonuses are some of the best ways in which to assure traders that they will receive some cash back.

Referral bonus

XM does not currently offer referral bonuses to new or existing traders who make use of the products and services offered by XM.

Referral bonuses are offered by brokers to traders in an attempt to draw in new clients and expand their customer base.

Often these types of bonuses have strict criteria that will have to be fulfilled before the trader can benefit from referring a friend or family member.

Some of the criteria includes, but is not limited to:

The referral has to register a real account with the broker using a unique referral link so that the registration can be traced back to the trader.

The referral bonus is only applicable should referrals register a real account as these bonuses are not available when using a demo account.

A certain minimum deposit amount has to be made by the referral.

The referral may be required to execute a certain number of trades on the new account before the trader becomes eligible to receive the referral bonus

Referral bonuses may also have a limited time in which they can be utilized by traders, perhaps in a given month that brokers see a decrease in activity and attempts to counter it by providing such bonuses.

Additional bonuses, promotions and rewards

XM offers trading bonuses to active traders and loyal customers through the XM loyalty program where traders are rewarded with special seasonal bonuses during specific calendar events and occasions.

In addition, XM provides traders with an additional 10-year anniversary promotion to the value of US dollar 1,000,000 where a random account will be chosen every month, providing traders with the chance of winning various prizes until 31 august 2021.

Pros and cons

PROS	CONS
1. First time sign up bonus provided which serves as a welcome bonus and no deposit bonus	1. No referral bonus offered
2. Trading bonuses offered through XM loyalty program for active traders and loyal customers

Conclusion

XM caters extensively and comprehensively for new traders who register a real account, existing traders, and loyal customers through its array of bonuses and rewards in addition with its competitive trading conditions.

XM no deposit bonus

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In the following review of XM no deposit bonus, our team of expert reviewers at topforexbrokers will help you understand what makes this bonus so unique, as well as trustworthy.

XM no deposit bonus review

To give you a more detailed description of the registration process for XM no deposit bonus, here’s the list of steps you need to take:

Open a live trading account at XM – before anything else, you need a live account to be eligible for the no deposit bonus at XM. And as our XM no deposit bonus review shows, it literally takes just a couple of minutes to set up that account with this broker. You need to provide your basic details, such as your full name, date and place of birth, residence address, and employment details for the KYC procedure. After that, you need to verify that information by uploading your national ID/passport/driver’s license and bank statement/utility bill. Once that’s done too, you can go ahead and apply for the no deposit bonus itself.

After you create your very-first account at XM, you need to head over to the member’s area where you need to opt for the no deposit bonus offered by XM.

Then you need to verify your claim. You can do this either by the SMS or voice verification. And once that’s done too, you’re pretty much good to go; your $30 XM no deposit bonus is ready to be used in your forex trading endeavors.

XM trading platforms

The best thing about the whole ordeal is that XM understands the hectic lifestyle of today’s society, therefore they also offer an option to trade on your smartphone.

XM no deposit bonus withdrawals

XM no deposit bonus guide

Go to the XM website, choose south africa and then click on the green button that says “open an account”;

Fill out all of the personal information, no need to worry, all of that info will be safely encrypted and stored;

Choose which software you would like to use, it can only be either MT4 or MT5;

Choose an account type, you can find more detailed info about the accounts in our XM review;

Confirm all of your emails, log-in your account and apply for the bonus after filling in the payment methods, this is where all of your profits will go;

Wait for 30 minutes to an hour and your bonus will be transferred;

Start trading;

So you don’t deposit anything?

XM no deposit

Want to check what XM forex broker offers before making real money deposit with it? XM free bonus 30 USD is perfect tool for testing broker’s possibilities with no deposit! Should you try it? It is unclear, since there are better deals in the market. Here are few main advantages of XM no deposit bonus:

This bonus will not even require any documents from you! So read XM free bonus 30 USD review or get cash now!

Why would you want free XM bonus 30 USD? From the point of view of the professional traders it is always better to check all trading possibilities e.G. Commissions and execution time, before you give your money to this broker. This is why, getting XM no deposit bonus before you start trading with it, is awesome idea. Who knows, maybe your free trading would be so advanced that you make enough profits, to stay without any deposits. But we have to mention that XM forex broker is questionable and we would not advise you to deposit any money with it afterwards.

Getting this free forex cash is not difficult, and best bonus forex recons that it is actually more simple than making real 30 USD on your job or somewhere else. You should just register via link that is provided below and give your real cellphone number to XM forex broker. They will verify it via SMS and that would be actually it. Free money are supposed to come to you right away, if broker does not decides to cancel your bonus.

Lucky enough to get your bonus and are ready to take profits from the XM, hoping that it will not reject your request? In order to do so, you will have to fulfill few conditions.

First of all, trading volume that you have made should be at least 0.5 lots. This is not actually difficult, especially with 1:888 leverage. But remember, any trade below 0.01 lot will not be counted.

Secondly, there is a limit on your first withdrawal with XM no deposit bonus. You have to cash out at least 60 USD. Which is basically doubling up your starting money, shouldn’t be a problem, huh?

As a nice addition that should make your cash out even easier, there is no specified expiration date of your free XM cash. So, even if you trade really slowly, at some point you will be able to get required amount and get your forex profits if XM forex broker allows you to.

But be aware, that XM no deposit bonus conditions allow it to reject your withdrawal without any reason.

XM free bonus 30 USD is provided by forex broker with questionable conditions and reputation. We do not recommend you to take it.

Every deal has positive and negative sides. So what are pros and cons of the XM free bonus 30 USD? Read them below.

Bright side of the bonus

Web trader and MT4 platforms

No expiration date

Small required trading volume

Questionable broker

Better conditions of other deals

Not available for mobile trading

Getting XM no deposit bonus is really easy. You can click on any of the buttons above, or use links in this guide in order to start your free forex trading now!

Step 1

So, if you are at the website of XM forex broker, just click green button and start registration process.

Alternatively, you can click over here and you will end up right at the beginning of the registration process.

Step 2

The button will take you to the real account registration form, which looks like this.

Do not be afraid, you will not have to deposit any money, XM free bonus 30 USD will be there for you. Provide your real data together with your phone number, since it will be verified. Then press “proceed to step 2” button.

Step 3

Choose your account type, amount of the investments and preferred leverage. Caution, you will have to give information about your investment experience and business that you are involved to. This is a standard set of questions, so do not be afraid!

Step 4

Boom! You have created an account at XM forex broker! All what is left for you to do – find data for your login details in your inbox and login into members area. Free XM cash is hopefully there!

Step 5

After you will get into members area, you will have to type in verification code that has been send as an SMS to your phone. Keep it up, you are almost there.

Final step

So, this is it! Now you should get your free forex cash from XM! They do ask for 24 hours waiting time, but in reality it takes around 30 minutes to see money on your account balance. Do not be surprised, if you do not see them as a deposit money on your account, they are in another field of your balance sheet. They will be transferred to the deposit money when you clear them up, so in 0.5 lots of trading volume. Also, do remember that if broker decides, it can easily exclude you from promotion.

We have tested this promotion several times. As a matter of fact, we did receive promotional offers from the broker via SMS and calls. Honestly speaking, right after finishing registration process, author’s cellphone called and it was his new account manager from the XM. More to that, account manager always sends you promotional deals to your email, so be prepared to find plenty of them.

This bonus seems like a fair deal for starters or free cash seekers. Conditions of XM free bonus 30 USD are pretty loyal and there is no hurry in terms of bonus clearance involved. Furthermore, you will be able to use your XM no deposit bonus on metatrader 4 for windows as well as mac OS X, or to make your trades in web browser without any downloads needed. But do remember that this broker is questionable and it has been caught on some questionable rejects and annoying calls to clients. You can claim your bonus here.

XM 30 USD no deposit bonus – claim here

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XM no deposit bonus is a great opportunity for the beginners or the traders that have not had any trading experience with the company. The broker has proved its excellence many times during its 10 years presence on the forex trading market and is widely known as a reliable broker around the globe. Currently, XM is offering a no deposit bonus to its new clients all around the world. Customers who are willing to start trading with XM can get $30 trading bonus after creating the real trading account with them. The bonus is available for anyone, but people who want to claim it should meet certain criteria. In this XM no deposit bonus review we will explain how can you get your no deposit bonus 30 USD and what are the terms and conditions of using it.

Who can get XM $30 no deposit bonus?

XM no deposit bonus is offered to all the new clients of the XM broker who wants to experience the trading process with XM on their platform to ensure themselves that the broker and the platform is the right choice. Although the newly register customer must be eligible and meet all the criteria to receive their bonus. Generally, the only restrictions are to the people who are under 18 years old or are otherwise under legal age in their countries of residence. The customers who fall under the category of “minors” do not have the right to trade and therefore cannot receive the money.

The customer should not have any history containing the events of violations of the broker regulations. In addition to that, if XM suspects that the user is violating or has an attempt to abuse the promotion or the fair rules of the trading bonus, XM broker reserves the right to deny, withhold or withdraw the trading bonus, or any other offered promotions for the user. Each and every customer can only get the trading bonus once. According to XM no deposit bonus terms and conditions the bonus is attached to the uniques IP address, therefore the user can hold only one trading bonus. Once the new customer creates the real trading account he or she has a 30-day limit to claim the free 30 USD, after that the promotion is no longer valid for this user.

How to get XM no deposit bonus

The process of getting XM global $30 bonus is very easy and takes several steps only. Once you go the XM website promotional section you will see that all the needed information and instructions are displayed in a way that even a beginner trader can understand it without any complication. Moreover, the website has a user-friendly design which makes it even easier to navigate there.

On the sections of promotions, you will see several offering that is currently active for the new users or current customers of the brokers.

To get your bonus you need to choose the trading bonus. Click here to claim your bonus, you will be landed to the 30 USD free bonus section directly.

*clients registered under the EU regulated entity of the group are not eligible for the bonus

Once you are on the page, you are one click away from getting your XM welcoming bonus.
In order to get it, you need to have the real trading account where you will be using 30 USD. Therefore the button for claiming your bonus will direct you to the registration of the real account. Creating the real account with XM consists from two steps and takes 2 minutes only. Let us go through the process of the registration process.

To create the real account and get you free XM 30 USD bonus you need to fill the first part of the registration application. You need to fill your personal information. XM requires for the first and last name you enter in the registration form to be as it is written in your identity document. You should also indicate your country of residence, phone number (you will need a phone number later for the SMS verification) and an E-mail address, where you will get your ID for accessing the trading account. Also, you need to choose a preferred language for yourself. XM offers a wide range of 25 languages to choose including english, spanish, german, italian, french, russian, chinese and more.

After filling up your personal information the registration form asks you to choose a trading platform type, currently available platforms with XM broker is metatrader 5 and metatrader 4. If you do not know how to choose between them, do not get confused. Here are the differences between these two platforms. Generally, you can access your trading account on MT4 and MT5 with pretty much all devices such as PC, MAC, IOS and android. However, metatrader 5 additionally includes XM webtrader, meaning that you will not have to install any software, as you can have access to the trading platform online. The second difference between the platforms is that metatrader 5 offers its users to trade in stocks, stocks indices, and precious metals, while metatrader 4 is predominately a forex trading platform. To sum up, metatrader 5 is an upgraded version of the MT4 and has two main features added – XM webtrader and trading possibilities for stock indices and precious metals. It is completely up to you which platform you will go with, both of them is highly recommended by the traders all around the world and you can get your XM no deposit bonus does not matter which platform you choose.

Once you have made up your mind on which platform you will start trading you should choose the account type you want to start with. In the registration form, you are given 5 options that are currently available for XM customers. These accounts are micro, standard, XM zero, XM ultra low micro, and XM ultra-low standard. We will not give in the depth of differences between the accounts here, you can check the XM website account section where all related information is displayed.

One step away from getting XM free bonus

Once you submit the first part of the questionnaire, the second part of the registration will be. At this point, you are one step away from getting your XM free $30. The next part of the questionnaire is designed in a way to finalize your trading account details and for XM to simply determine the purpose of the client. This part of the registration is pretty small as well. You will be asked if you are a US citizen or not, this question is solely for tax purposes.

Next, you need to fill up your trading account details such as – account base currency, account bonus, and leverage. The last part of the registration is to provide information about your investment amount in USD currency, your employment status and intended purpose and nature of transactions.
After the questionnaire is completed the website will ask you to set a password on your account.

XM bonus transaction confirmation

Congratulations, you now have completed the registration process and are about to get your 30 USD. After submitting the registration form you will receive an email asking for confirmation on receiving the XM bonus 30 USD. An email will be sent on an address you have indicated while registering. Alongside with it, you will receive an ID for your trading account. You need to use this account number and the password you have indicated while registering to enter the members area.

Getting XM no deposit bonus on your account

After all the steps explained above are successfully completed you need to activate the bonus to get it on your trading account. You should successfully complete the verification procedure with SMS and/or voice verification. In a result, you will receive free 30 USD for trading on your account. The transaction might take up to 24 hours, but usually, the money appears on the user’s account in less than one hour. The XM forex no deposit bonus is solely for trading purposes, meaning that you cannot withdraw the initial $30, you can only withdraw the profit you will make from the trading. As we got to the point of withdrawal lets see what are the withdrawal restrictions and instructions.

XM bonus withdrawal

As mentioned above you are not able to withdraw the initial bonus money. Although you are free to withdraw the money which you will make from your successful trading. As per as XM withdrawal procedure any withdrawal of funds will result in the proportional removal of the initial trading bonus. You can see how it works on the picture below.

Why XM 30 USD no deposit bonus

Why should you go with XM forex free trading bonus? XM has a reputation that is beyond any suspicion. The company is cyprus based and is fully regulated by the cyprus regulator cysec. The company has 10+ years experience and throughout his presentation of the market, they have strongly established their name as a frontier of the trading industry. The broker has many advantages for the experienced brokers and the beginners. The main advantage, especially for the newcomers in the industry is a highly innovative platform and an interface that helps you navigate and easily understand the system. Besides that FX broker offers 24/5 professional customer support in 25 languages. This can be especially helpful for the new traders. This is why we advise starting with the XM 30$ bonus, as the advantages that the broker is offering to its customers can be a great start of a successful trading career.

*30 USD non-deposit bonus is not available to EU clients registered under the EU regulated entity of the group.

XM review: great for no deposit bonus offer

Should you trade with XM? Overall, XM is a very suitable broker for all traders offering numerous perks with few drawbacks.

You may have heard of XM and wondered whether they are an excellent broker or not.

XM is a subsidiary of trading point holding, which initially began operations in 2009. The broker is now globally renowned, extending its services to almost all parts of the globe with multiple financial instruments traded by over 3.5 million clients.

In this review, we will look at the XM broker and see what they have to offer.

XM’s main constant fee is their variable spreads (with no commissions) across all currency pairs. XM’s average spread on EUR/USD is 1.7 pips on their standard account and 0.8 pips on their XM ultra low micro account.

Swaps

There are also overnight swap rates based on the applicable rates for each trading day. Muslim customers can obtain an islamic or swap-free account. The decision to offer this account to non-muslim clients lies solely at the broker’s discretion.

Deposit and withdrawal fees

Fortunately, there are no deposit or withdrawal fees for any of the methods as XM claims to cover these except with bank wire deposits and withdrawals less than $200.

Inactivity fees

The other fee that traders should be aware of is the inactivity or dormant fee, although it’s minor. XM deems an account inactive after 90 calendar days where there was no trading, withdrawal, depositing, transfer, or registration activity.

They charge a monthly fee of $5 or the full amount of the remaining balance if less than $5. Clients should note the inactivity fee doesn’t apply if there are no trading funds.

Accounts

Let us now dive into the procedure of opening an account with XM and the account types they offer.

Requirements for opening an account

Traders can open a demo account after a quick website registration. For live accounts, XM adheres to simple KYC (know your customer) standards. They require clients to submit a copy of their original ID (driver’s license, national ID book, or passport) and proof of address (utility bill or bank statement) in their name not older than six months.

Furthermore, their online system asks questions for suitability or compliance purposes. Passing this verification stage allows clients access to all their services, including the main live trading accounts for forex: micro, standard, and XM ultra low accounts.

Main accounts

These accounts come with a maximum leverage of 1:888, one of the highest compared to its competitors. XM’s minimum deposit required is a measly $5 for their micro, standard, and $50 for the XM ultra low.

One of the broker’s unique selling points is the ‘$30 welcome bonus’ offering new clients a $30-funded live account. There aren’t many complicated terms and conditions on this offer other than at least five round-turn trades in 30 calendar days and a minimum of 0.1 lots for total trade volume.

Deposit and withdrawals

Though this will vary depending on the region a client resides in and/or the amount funded, XM allows clients a wide array of world-recognized and accessible payment options for account funding and withdrawals.

These methods are namely all visa, mastercard, maestro and china unionpay credit/debit cards, skrill and neteller, which are all fee-free for both deposits and withdrawals (except for bank wire deposits and withdrawals under $200).

Withdrawal times

All withdrawals requested are verified within 24 hours. The funds would reflect within a day for e-wallets and two to five working days for cards and bank wire.

Withdrawal policy

As standard with most brokers, they don’t allow any third-party deposits or withdrawals due to anti-money laundering policies. Another criterion that a vast majority of brokers adhere to regarding withdrawals is a ‘return to source’ policy.

The last funding method used is given priority for withdrawals up to the sum of the original deposits. Once all withdrawals have reached the sum of the deposits made by the method/s, any subsequent withdrawal would come through via bank wire.

For example, if a client initially funded $50 via neteller, another $50 via skrill, and made $320 profit, $50 would go back to skrill, $50 back to neteller, and any portion of the profit via bank wire.

Platform and analytical research tools

The two primary trading platforms that XM offers are MT4 and MT5, both available in tablet, mobile, desktop (windows and mac), and web forms.

The broker has a broad range of research, educational, and technical tools to help their clientele.

Research tools

For research, newly-added features include a podcast, technical summaries, trade ideas, and their in-house markets overview and technical analysis research. All these features are in addition to their economic calendar, news, and youtube channel providing weekly analysis.

Educational tools

Educationally, clients can expect forex seminars at various parts globally, webinars, platform tutorials, as well as recently-included live and pre-recorded educational videos.

Technical tools

For their technical tools, these include the profit and loss calculator, swaps calculator, margin calculator, pip value calculator, and currency converter. Such tools are beneficial because they allow clients to calculate the necessary metrics using XM’s actual data rather than externally.

For example, not all brokers offer a dedicated swap calculator, meaning clients need to manually calculate the swap fee. This effort requires ensuring they are using the updated swap rates and understand the calculation their broker uses.

Using their internal swap calculator, you access an accurate reflection of their rates in a live setting and do not need manual calculations.

Pros and cons of XM

PROS

CONS

– regulated by cysec, IFSC, FCA, ASIC, DFSA
– offers near zero spread account- 11 years experience
– ECN/STP- competitive spreads- leverage up to 1:888
– minimum deposit of $5
– negative balance protection
– offers nano lots on XM ultra low
– no fees on deposits and withdrawals (except for bank wire deposits under $200)
– no commissions
– wide range of accounts
– wide range of currency pairs
– wide range of payment options
– wide range of base account denominations (USD, EUR, GBP, ZAR, CHF, -JPY, AUD, RUB, PLN, HUF, SGD – depending on region and account chosen)
– wide range of website languages
– offers both MT4 and MT5
– offers mobile app
– offers $30 no deposit offer for new clients
– offers cash rebates
– offers 24/5 live chat, phone, and email support

– inactivity fee
– doesn’t offer services to residents in the USA, canada, israel, and iran

XM is a highly recommended forex broker suitable for all levels of traders with several perks that include competitive spreads, the $30 no deposit offer, an account to open nano lots, and no fees levied on deposits, and withdrawals, to name a few.

They only have a few disadvantages, which are barely worth mentioning when compared to the benefits. Clients interested in opening an account with XM shouldn't hesitate based on this review.

How to start trading with XM no deposit bonus

Platform

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There are a bunch of different ways you can use to take your forex trading game to the next level. These include improving your knowledge by reading trading-related books and online tutorials, increasing your experience by trading with demo accounts, and ensuring the safest trading ventures by choosing a trustworthy broker.

One additional element of forex trading that can more or less affect your trading outcome is bonuses. Depending on where you live and where you’re trading forex, your broker may or may not come with such bonuses mainly due to regulatory restrictions. And if it does come with such bonuses, then you can start figuring out whether you can trust them or not.

XM welcoming bonus is one of the best opportunities for those who want to start forex trading with no money. Both beginner and experienced traders are to apply for it. With its 10 years of experience in the forex market, XM has a reputation of a reliable broker that constantly provides good service to its customers. In this XM no deposit bonus review, you will get to know what exactly is a no deposit bonus, how it works, and most importantly, how can you claim your free $30 today.

XM no deposit bonus description

Just like other brokers in the forex trading market, XM is also offering a no deposit bonus to promote its service and attract new customers. The bonus is for every trader who is eligible for opening a trading account with XM. All traders who will register with the broker for the first time will receive 30 USD on their account without depositing even one cent on it. Those who have accounts in different currencies will receive the equivalent of it, south africans having an account in ZAR will receive 347 ZAR from the broker.

XM no deposit bonus $30 is solely for trading purposes, meaning that individuals who receive it will not be able to withdraw it. Getting no deposit bonus from XM does not give you any financial obligation – if you lose the bonus money completely -that’s absolutely fine. On the other hand, the profits made with the bonus can be withdrawn at any time.

One additional piece of information to share here is that the no deposit bonus at XM is only available to south african forex traders. Unfortunately, traders from other areas cannot access this promotion this time.

XM no deposit terms and conditions

As we have mentioned in the following review of XM no deposit bonus, this promotion does not have any financial obligation from the traders’ side. However, it does have terms and conditions that the trader should be aware of:

First things first, as it is XM welcoming bonus, only new clients are able to get it. If you already have an account with XM, unfortunately, you are not eligible.

The client who wants to claim the bonus should fulfill some basic criteria. An individual should be eligible to trade according to the laws of south africa – the only country where this bonus is available for now. An individual should not be under 18 years old and should not be considered as a minor in his country of residence. Minors are not allowed to open a trading account at all.

New customers are permitted to get XM $30 bonus only once, it is connected to the one and unique IP address, meaning that there can only be one bonus for one IP address. Customers also cannot open several trading accounts with the same registration details to get more than one bonus.

Transferring the bonus money from one real account to another is not possible. The bonus money can be used for trading on the same account it was initially applied to.

How can you get XM $30 no deposit bonus?

Receiving XM free $30 is easy even for the traders who are new to the forex trading industry. To claim your bonus, you need to open a real trading account with XM. Once you go to the XM’s website, you should head over to the page of promotions where you will see several offerings. Currently, XM is suggesting no deposit and deposit bonuses. You need to choose XM 30 USD no deposit bonus, click “read more”, and the button will transfer you to the bonus page. There you can find full information about the bonus and how it can be used. Now let’s go step by step on how to get the free $30 from XM.

Step #1 – opening a real account

As our XM no deposit bonus review shows, the first step is opening a real account with XM. You need to fill the registration form that consists of two parts. You need to provide your personal details such as name and surname as it is written in your identity document, country of residence, and preferred language. Your valid email, that you are using and your phone number. Both of them will be needed for fulfilling the next steps, therefore make sure to provide valid information, otherwise, you will not be able to receive the XM 30 USD free bonus.

The registration form will ask you to make two important choices. First, you need to select which platform you want to choose. Currently, there are only two trading platforms available with XM – metatrader 4 and metatrader 5. It is up to you which one you select, but you need to make the choice depending on your trading needs and requirements. If you are not sure about the differences between these two trading platforms do not get confused, there is not a big difference. MT4 is predominantly a forex trading platform, while with MT5, traders can trade other instruments such as indices, precious metals, and more. If you want to know more about metatrader features and the differences between these two, check out the trading platforms review for more details.

You need to select the type of account you want to hold with the XM forex broker. During our review of XM no deposit bonus, we have discovered that the account type does not affect the XM deposit bonus. XM is offering five types of trading accounts and you can choose the one based on your needs and trading goals/plans. These accounts are micro, XM standard account, XM zero, XM ultra-low micro, and XM ultra-low standard. We will not go into details of the account types here, you can find detailed information about them in XM detailed review.

After finishing the first part of the registration, the next page of the questionnaire will appear. After filling it up, you will be just one step away from getting the XM $30 bonus. On this step, you need to provide the details of your trading account such as the account currency, leverage, and account bonus. After it, you need to fill investor information – what is your investment amount in USD, your employment status, and so on.

Once you are done with the registration process, you need to log in to the member’s area to receive the XM welcoming bonus. You will receive an email from XM on the email address you mentioned while registering. Via email, you will receive your ID for the members’ area. You can reach your trading account with this ID and the password you have indicated in the registration form.

Step #3 validate your XM account

The next step is the account validation. It is done very simply without much hassle. Once you log in to the members’ area, you will see the button requesting you to upload your documents for verifications. You need to upload two types of documents on the platform, namely:

1 – ID- a color copy of a valid passport, driver’s license, or any other legal document that proves your identity.
2 – POA – (proof of residence) it can be a bank statement or utility bill that dates within the last 6 months.

It may take a few days until XM approves your documents.

Step #4 claim your XM no deposit bonus

It can be done with just one click in your trading account! And, we have already mentioned this in our XM no deposit bonus review, the bonus is credited to your account right away.

Step #5 verify

The last step is verifying your XM no deposit bonus, after which you are good to go! The verification is done by SMS or voice verification. After it is done the broker will transfer the $30 on your trading account. Usually, the transaction takes up to 30 minutes, however in some cases, it might take 24 hours, so do not worry if the money will not appear on your account right away.

You can start trading right after you receive the money. We hope that your trades will be successful and soon you will want to withdraw your profits, so let’s see how it is done and what are the XM no deposit bonus withdrawal conditions.

XM no deposit withdrawal policy

As we have already mentioned, you cannot withdraw the initial deposit money as it is for trading purposes only. Let’s say you have traded for a while, if you want to withdraw the money, the initial amount of XM $30 bonus will be removed proportionally.

To withdraw the money you need to complete at least five round turn trades and the trading account should reach 0,1 standard lots. All of the no deposit bonuses have some kind of trading volume requirements. While some of them can be impossible to reach by beginner traders, XM no deposit bonus trading volume requirement is acceptable and realistic.

Why XM $30 free bonus?

XM free bonus is truly one of the best no deposit bonus offers that is available on the forex trading market today. The fists thing that speaks well about the bonus is the quality and reputation of the broker itself. As XM is regulated by the most trustworthy regulators in the world there is no possibility of getting yourself in some kind of scam or fraud with the broker. At the same time, it has been operating on the forex market for ten years now and has well established and developed services. It is very easy to claim the XM no deposit bonus 30 USD, and most importantly the conditions are well designed for even beginner traders. Hence, if you do not have a long trading experience, you can still be profitable with the XM bonus.

XM sign up bonus

A XM sign up bonus of US dollar 30 is offered by XM.

The US dollar 30, or currency equivalent, bonus is automatically credited to the trader’s account and it is non-withdrawable. Only profits earned can be withdrawn.

This offer is only available to new traders who register a real account, demo account users are not considered eligible.

This offer is not available to demo account holders or XM ultra low account holders.

Referral bonus

XM does not currently offer referral bonuses to new or existing traders who make use of the products and services offered by XM.

Referral bonuses are offered by brokers to traders in an attempt to draw in new clients and expand their customer base.

Often these types of bonuses have strict criteria that will have to be fulfilled before the trader can benefit from referring a friend or family member.

Some of the criteria includes, but is not limited to:

The referral has to register a real account with the broker using a unique referral link so that the registration can be traced back to the trader.

The referral bonus is only applicable should referrals register a real account as these bonuses are not available when using a demo account.

A certain minimum deposit amount has to be made by the referral.

The referral may be required to execute a certain number of trades on the new account before the trader becomes eligible to receive the referral bonus

Additional bonuses, promotions and rewards

XM offers trading bonuses to active traders and loyal customers through the XM loyalty program where traders are rewarded with special seasonal bonuses during specific calendar events and occasions.

Pros and cons

PROS	CONS
1. First time sign up bonus provided which serves as a welcome bonus and no deposit bonus	1. No referral bonus offered
2. Trading bonuses offered through XM loyalty program for active traders and loyal customers

Conclusion

XM sign up bonus review south africa – revealed ( 2021 )

XM sign up bonus

A first time XM sign up bonus of $30 is offered by XM.

Traders who register a real account with XM are offered first time sign up bonus which is equivalent to that of a no deposit bonus.

The first time sign up is not subjected to any prior deposits and serves as a welcome bonus as well, and the $30 is automatically credited to the account of the trader. Although, traders should be aware that the deposit itself cannot be withdrawn.

Should traders make any profits on the bonus amount, the profits can be withdrawn at any time.

Traders should see this bonus as a start-up boost to start trading before investing their own capital, but traders should acknowledge that it might be lower than margin requirements on some trades.

The purpose of this bonus is to provide traders with a demo-account type of experience but with the added advantage that it is applied to a real account and it does not require any additional sign-up apart from real account registration.

This deposit is only available to new clients who have not previously registered a real account with XM, or whose information is not contained on XM’s data base in addition to the registering of a demo account not being eligible for this bonus.

In addition, traders who register a XM ultra low account will not be considered eligible either. Fortunately, XM has an array of other accounts that traders can register for that will be considered eligible.

In addition, XM also provides traders with a 100% deposit bonus of up to $500 along with an additional 20% deposit bonus, with a cumulative amount of maximum $4,500 or currency equivalent.

Brokers often offer these broker bonuses to new traders in an effort to draw in more customers in addition to encouraging trading activities. These bonuses are some of the best ways in which to assure traders that they will receive some cash back.

Bonuses such as these also serve as extra credit that traders can use to trade without risking their own funds and of which the profits, not the actual bonus, can be withdrawn.

This is an imperative notion for brokers as traders are more likely to register a real account with brokers that offer such bonuses as it helps increase the chance of gains without putting traders at more risk to lose their own capital.

Referral bonus

XM does not currently offer referral bonuses to new or existing traders who make use of the products and services offered by XM.

Referral bonuses are offered by brokers to traders in an attempt to draw in new clients and expand their customer base.

Often these types of bonuses have strict criteria that will have to be fulfilled before the trader can benefit from referring a friend or family member.

Some of the criteria includes, but is not limited to:

The referral has to register a real account with the broker using a unique referral link so that the registration can be traced back to the trader.

The referral bonus is only applicable should referrals register a real account as these bonuses are not available when using a demo account.

A certain minimum deposit amount has to be made by the referral.

The referral may be required to execute a certain number of trades on the new account before the trader becomes eligible to receive the referral bonus

Additional broker bonuses, promotions and rewards

XM offers trading bonuses to active traders and loyal customers through the XM loyalty program where traders are rewarded with special seasonal bonuses during specific calendar events and occasions.

In addition, XM provides traders with an additional 10-year anniversary promotion to the value of $1,000,000 where a random account will be chosen every month, providing traders with the chance of winning various prizes until 30 june 2021.

The lucky draw consists of a $80,000 prize pool and a total of 50 winners per month. To sign up for the draw, traders will have to adhere to the following criteria:

The trader will have to be in possession of a MT4 or MT5 real account which has been validated through the relevant channels, and

There must be a $500, or currency equivalent, account balance in the trader’s account.

There have already been numerous winners as follows:

1 winner of $10,000

1 winner of $8,000

1 winner of $7,000

1 winner of $6,000

1 winner of $4,000

10 winners of $2,000

15 winners of $1,000, and

20 winners of $200.

The funds that these traders have won are credited either in USD, or currency equivalent, to their XM MT 4 and/or MT5 live, and active, trading accounts.

Pros and cons

PROS	CONS
1. First time sign up bonus provided which serves as a welcome bonus and no deposit bonus	1. No referral bonus offered
2. Trading bonuses offered through XM loyalty program for active traders and loyal customers

Conclusion

XM caters extensively and comprehensively for new traders who register a real account, existing traders, and loyal customers through its array of bonuses and rewards in addition with its competitive trading conditions.

These trading bonuses offer traders a chance to use the funds credited to their accounts as a boost for trading as the funds cannot be withdrawn, but the profit made from it can be withdrawn.

Brokers who offer such bonuses often see an influx in new traders registering for real accounts eligible for the bonus and it is the best way through which brokers can expand their client base in addition to increasing trading volumes.

Such bonuses, especially trading bonuses, ensure that there is constant trading volume, in addition to increases during times when these bonuses are active, and it is the best way through which loyal customers and active traders can be rewarded. XM offers some of the lowest spreads and fees.

So, let's see, what we have: the brokerage offers trading on the popular metatrader 4 and metatrader 5 platforms with their free XM no deposit bonus of 420 ZAR. At xm no deposit bonus