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XM No Deposit 30 USD Bonus – read an honest review
XM Forex Broker is a great place to get started for a next FX professional. This broker gives you access to XM No Deposit 30 USD bonus campaign and allows you to use MetaTrader4 and MT5. This is one of the only brokers that makes MT4 live trading available to you without making a deposit. You should certainly try this XM No Deposit Bonus, as MetaTrader 4 is the platform you will most likely have to change to eventually and this promo campaign lets you test drive the platform without any deposits.
XM Free 30 USD No Deposit Bonus Description
Getting the 30 USD No Deposit Bonus on XM is pretty easy. The only thing you need, except for the wish to trade Forex, is to go through XM registration, get your account, and confirm your phone number via SMS. As for the bonus, within the maximum of 24 hours (but usually in around 30 minutes), you will get the money credited to your account and you will be able to trade currencies online with XM without making a deposit.
XM Free Trial Available Platforms
When it comes to FX trading online, the choice of available trading platforms becomes quite important. Most of the traders end up on MT4 or MT5 platform and this is certainly an advantage of XM. With XM FX Broker, traders using Mac laptops and desktops will find a hustle way to trade since they offer native access to MetaTrader 4 for Mac OS. Also, the MT4 web platform is also available with XM, this trading terminal could be used for Windows and other operating systems too. Like most of the brokers, XM account also enables you to trade on your smartphone.
XM 30$ Bonus Terms and Conditions
XM No Deposit 30 USD bonus is unavailable for withdrawals, however, every cent from the profit is yours. You can take your time and only make relevant trades that get you great money on the XM No Deposit Bonus.
XM Free Account Critics
Many traders have been complaining about this promotion and XM broker in general, this is why Forex Trading Bonus team would strictly advise against it. You may, of course, try your luck and see how fast you can triple your initial balance, however, some traders did have their accounts removed without any prior notification.
We decided to check this bonus on our own. We have to admit, we were positively surprised by the quality of services and Web Platform from XM. This is why we recommend you try XM trading bonus!
How to get XM $30 No Deposit Bonus?
XM is a quickly growing international investment firm with over 2.5 million users and 300 professionals. The company offers a trustworthy and convenient trading environment and is one of the few brokers who will allow MT4 live trading without making any deposits. After getting their XM global login, users will be rewarded with $30 No Deposit Bonus that is available for trading right away. It shouldn’t take longer than a day for the funds to show up in the account.
Steps for getting the no deposit XM bonus:
Getting the bonus is fairly simple. A user only has to register on the platform and activate the account. The registration procedures are very easy to follow. On any page on XM’s website, in the top right corner, there is a green button titled “Open an Account”. Clicking the button will start the registration process.
Ideal for beginners!
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The registration includes filling out a standard questionnaire. The first part of it is depicted on the screen below. In this section, the user is asked to fill out some details like Name, Country of Residence and a Phone Number. A user will also get to choose an account type and trading platform type on this page.
After this information is filled out, the second part of the questionnaire will load. Here, the user is asked to provide some additional details, like the Date of Birth and Address.
The website will also ask whether the user is a US citizen or not, as well as some additional questions to determine the purpose of the client. Once, this information is filled out, the user will set the password, agree to the terms and conditions as well as some other policies that can be viewed through the links and will click the button “Open a Real Account”, and with that, you XM signup will be complete. Don’t stress out, your free XM bonus is almost here!
Once the questionnaire is complete, the user is very close to getting the bonus. All that is left to do is to confirm the email. The notification will be generated and the user will be asked to check the inbox of the indicated email address. Through the link provided in the email, the user will be able to confirm the transaction.
After confirming the transaction the user will finally get to log into the system using their XM members login . They will also be assigned an MT4 ID, which functions as a username when logging into the platform.
The XM no deposit bonus should show up on the account within a day after completing the registration process. The $30 No Deposit Bonus from XM cannot be withdrawn but can be used to trade in the system. It is a great feature to test the platform and get acquainted with it. It is an especially good feature for beginners, who might not want to risk their own funds while figuring out the basics of trading.
Forex Brokers Lab
BROKERS with LOW SPREADS
ASIC REGULATED BROKERS
BROKERS with MINIMUM DEPOSIT
BEST FOREX BONUSES
Commissions and fees
Platform & Tools
- Strong regulations (ASIC, CYSEC, IFSC)
- Tight spreads
- 400+ trading instruments
- Bonuses and promotions
- Fast execution speed
- Single-stock CFDs only available on MT5
Regulators : ASIC, CYSEC, IFSC
Minimum Deposit: $5
Maximum Leverage: 1:888
My Score: 8.7
XM Forex Broker is one of the most well known forex brokers due to its aggressive marketing campaigns, serving thousands of traders from every corner of the world. The official website, xm.com, has about 5 million visitors per month which should tell something about the popularity of XM between forex traders.
XM Group is a group of regulated online brokers. Trading Point of Financial Instruments Ltd was established in 2009 and is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10), Trading Point of Financial Instruments Pty Ltd was established in 2020 and is regulated by the Australian Securities and Investments Commission (ASIC 443670) and XM Global Limited was established in 2020 and is regulated by the International Financial Services Commission (IFSC/60/354/TS/19).
XM Group does not provide services for citizens of certain regions, such as the United States of America, Canada, Israel and the Islamic Republic of Iran.
XM offers excellent trading conditions for trading in a wide range of instruments, including currency trading, CFDs on commodities, indices, energies and stocks and precious metals on two trading platforms MT4 and MT5.
Are you wondering Is XM scam or reliable broker? Is Xm broker regulated? How can you deposit and withdraw your account? You are in the right place to find the answers of these questions.
In this XM forex broker review, Let’s look at account types review, XM bonus campaigns, deposit methods, VPS service and customer service.
Regulation and Investor Protection
When trading with a forex broker, trust is crucial to success. Unfortunately, forex fraud and scams are common in the industry. Let’s see if Xm forex is a scam broker or reliable.
I checked the XM’s licenses because the official website, xm.com, had so many visitors and investors from different countries. Because only with a strong regulation can serve to such a wide variety of investors. XM is the brand name of Trading Point of Financial Instruments.
This company is regulated in different countries. XM Group is licensed also by ASIC in Australia (Trading Point of Financial Instruments Pty Limited), the IFSC in Belize (XM Global Limited) and by CySEC in Cyprus (Trading Point of Financial Instruments Ltd), adhering to enhanced regulatory standards.
|Trading Point of Financial Instruments Ltd.||Cyprus||CySEC|
|XM Global LTD||Belize||IFSC|
|Trading Point of Financial Instruments PTY Ltd.||Australia||ASIC|
In addition to licenses, XM also offers further guarantee to clients’ funds in CYSEC. The CYSEC regulated broker’s customer deposits are guaranteed up to 20,000 euro by Investor Compensation Fund. For now, however, Australian forex brokers are not covered by any compensation scheme.
XM Spreads and Account Types
XM Group offers its clients 4 types of account: MICRO, STANDARD, ULTRA LOW and SHARE account with low spreads.
The MICRO account allows you to operate with micro lots, lower level of risk and it has minimum initial deposit of $5.
The STANDARD account allows you to operate with standard lots and it has minimum initial deposit of $5.
Finally, the XM ULTRA LOW account allows you to trade with either micro or standard lots, lower spreads starting from 0.6 pips and it has minimum initial deposit of $50.
XM Ultra Low account is not applicable to all entities of the Group. Account availability depends on the client’s country of residency.
You may consider this article as a XM trader’s review. Now, in this part of the XM Trade review, let’s look at the features of these account types.
|Account Type||Minimum Deposit||Maximum Leverage||Spreads & Commissions||Swap-Free Opt|
|Micro||$5||1:888||1.7 pip on EUR/USD||Yes|
|Standard||$5||1:888||1.7 pip on EUR/USD||Yes|
|Ultra Low||$50||1:888||0.1 pip on EURUSD||Yes|
*Accounts availability depends on the entity of the Group.
**Leverage depends on the financial instrument traded.
Base currencies of both the standard account and the micro account are available in USD, EUR, GBP, JPY, CHF,AUD, HUF, PLN, RUB, SGD, ZAR. All account types have negative balance protection service and Islamic account option. XM Ultra Low Account available currencies are EUR, USD, GBP, AUD, ZAR, SGD.
XM’s minimum deposit is 5 dollars in Micro and Standard account. XM spreads (average) is 1.7 pips on EURUSD in Micro and Standard accounts.
Leverage is the amplification of your balance. This allows you to open bigger trading positions according to the leverage you have chosen.
XM offers 1:888 leverage for micro account, standart account and XM Ultra Low account. Even though with leverage you can make a higher profit, there is also a risk of having a higher loss because the positions you open will be of higher volume.
This Leverage does not apply to all the entities of the Group. Leverage depends on the financial instrument traded and on client’s country of residence.
You can open up to a maximum of 8 active trading accounts in broker xm. It is optional to use the same personal details as for your other xm forex account. There is no maximum amount you can trade online, but there is a maximum number of 50 standart lots you can tradeonline at streaming prices for standart accounts and 100 micro lots for micro accounts.
The maximum number of positions open at the same time, and for all account types, is 200. If you want to deal in an amount higher than your account type’s maximum lots, you may break your trade into smaller sizes.
Standard Account Review
The standard account is similar to the normal account on other forex brokers. Minimum deposit limit in this account type is $5 which is really low. I think XM is one of the best forex brokers with low deposit. Spreads offered as 1.7 pips which is average on the forex industry. Maximum leverage is 1:888. This feature is one of the highest leverage. This is advantageus for professional traders who want to use forex robots like Expert Advisor in Meta Trader.
Micro Account Review
Micro account is essentially a nano account type. 1 lot = 1000 units in this account type. Normally 1 lot is equal to 100,000 units. So if you open 1 standard lot EURUSD buy order, you will get 100.000 euros in. However, in the micro account you will get 1000 euros.
It’s called nano account. Nano accounts are mostly used for testing or educational purposes. For example, if you have a forex robot that you want to try, you can try it on the nano account. So you do not have to take risks. Sometimes investors who want to try a new trading strategy can use the nano account. That’s exactly what XM’s micro account type does.
I would recommend FXTM’s cent account if you want to use a nano account type on another broker that offers similar features.
Islamic Account Review
Muslim investors who do not want to earn or pay interest can opt for an XM’s Islamic account. You have to apply to XM for this. Later, the broker may ask you to document your religious faith. XM also has the right to reject your application.
How to Open An Account at XM Forex?
You can open an account easliy at XM Forex broker. First of all click the link and go to XM Forex website. Then follow these steps:
- Fill your personal details such as name, country, language, phone and e-mail.
- Select account type and trading platform on trading account details.
- Fill your date of birth and adress details.
- Select base currency, leverage and account bonus.
- Give your financial situation and investor information.
- Choose a password and confirm all information.
- Push the open a real account button.
After filling in the form and upon completion you will receive an email with your login details that you can use to log in to Members Area. In this area, you will be able to fund your account by clicking the deposits in the main menu.
XM offer a variety of trading platforms, including MT4, MT5 and Web Trader. The Web Trader platform is excellent because a client can access real-time market information directly from the website without the need to download any software.
Meta Trader 4 is one of the most popular system currently in trading sector. All prices and movements are clear and the platform has user-friendly nature. This will vastly increase the performance of any trader. And also, manual and auto trading options are available through MT4.
XM supports MT5 also. Both MT4 and MT5 platforms are available among hundreds of online forex brokers, with the native version of the desktop platforms available for Windows operating system (OS) and a Mobile app for Android and Apple iOS devices available.
XM provides MT4 MultiTerminal, which offers a practical and suitable way to manage multiple accounts at the same time from a single interface.
This broker has more than 1000 financial instruments which can be traded on the MT4/MT5 platforms and this includes Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs.
XM Bonus and Promotions
It is one of the most generous of the bonus companies. I can give an example of FBS for another. However, the fact that XM has more reliable licenses allows it to be in the one of the first places on my favorite brokers list. In this part of the XM broker review, Lets see XM bonus and promotions .
Clients registered under Trading Point of Financial Instruments Ltd are not eligible for the bonus.
XM has a special bonus campaign for investors from South Africa and Kenya. Investors who fund between March 30 and May 30 will get 100% bonus.
$30 XM Forex No Deposit Bonus
You do not need to funding to benefit from no deposit bonuses. Generally, brokers provide no deposit bonus campaigns to help customers recognize themselves and to overcome trust problems. For more information on bonus types, read the article of Best Forex Bonuses and Promotions.
Now let’s look at the conditions of $30 XM no deposit bonus. This is the campaign that XM has most advertised. Perhaps you’ve heard of this campaign before? What are the conditions for this no deposit bonus campaign? I will show you the xm no deposit bonus review below.
XM is one of the major addresses of investors who want to have a no deposit bonus. First of all, the currency may change. If you wish, you can choose from $ 30 instead of 25 EUR, 20 GBP, 25 CHF, 3000 JPY, 30 AUD, 1000 RUB, 100 PLN, 7000 HUF, 40 SGD, 347 ZAR. Only new clients can benefit from the XM no deposit bonus campaign. $30 in the campaign can not be withdrawable, but profits can be withdrawable. You must claim the bonus within 30 days of opening the account.
XM Deposit Bonus – %50 up to $500 + $20 up to $4500
Deposit bonuses are the type of bonus you can claim for when you fund a certain amount. For example, in a broker with 80% bonus campaign, when you deposit $ 100, you will get a $ 80 bonus. XM deposit bonus is one of these promotions.
When you deposit to XM, you get a 50% bonus until the amount of the bonus is $ 500. For example; You funded $ 1000. 50% of this is $ 500. So the balance of your fx account is $ 1500.
If you fund $ 1200 you will get a $700 bonus via this way:
50% on $ 1,000 + 20% on $ 1,000 = $ 500 + $ 200
The maximum XM deposit bonus you can get in this campaign is $ 5000. You can not withdraw bonuses, but you can withdraw profits at any point in time. If you use XM Zero Account, you can not use this campaign. I tried to tell all informaiton in this xm bonus review. This xm.com review contains information about the xm.com bonus that you won’t find in other xm reviews.
XM VPS service is one of the most popular services for professional investors using a forex robot. This promotion is usually preferred by investors who use forex robots. XM gives you free access to the VPS so that your trade will not be interrupted in the event of internet connention failures, computer errors, power cuts, etc…
XM supports a wide range of languages including Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish. And the brokers’ website, www.xm.com, supports +20 languages.
XM’s Withdrawal and Deposit Methods
There are a variety of ways to deposit and withdraw money in brokers that serve different countries of the world. XM also offers a variety of withdrawal methods because it has investors from many countries. The withdrawal and deposit methods are as follows:
XM has come a long way since its establishment in 2009. Registered as Trading Point Holdings Limited, XM is an international forex broker that offers over 100 trading instruments, 60 currency pairs, and around 356 CDFs. Also, XM launched CDFs in 2020 on key cryptocurrencies such as Bitcoin, Litecoin, Dash, Ripple, and Ethereum.
With its head office in Limassol, Cyprus, XM is governed under strict rules and several regulatory bodies within Europe among them being CySEC in Cyprus, FCA in the UK, BaFin in Germany, and ASIC in Australia.
Since its establishment, XM has managed to gain a corporate reputation of their high merit of first-rate trading conditions, professional customer support, and business transparency.
Types of Accounts
A trader has to undergo a basic compliance check before being allowed to trade at XM. Before Opening an account the client will be asked to provide:
- A scanned copy of his passport, national identification card, or driving license.
- A bank statement or utility bill from the past three months.
There are three types of accounts for different kinds of traders. A trader can choose the type of account to open based on his situation and base currency option for EUR, USD, AUD, JPY, GBP, and CHF. These are the Micro account, Standard account, and Executive account.
- The Micro trading account – is the first level account that is mostly preferred by the first time clients who are still learning about Forex trade and also those who are cautious about taking huge risks. One can open an account with as little as five dollars. One micro lot is equal to 1,000 base currency units.
- The Standard trading account – This is the next level account that is mainly used by experienced traders who are comfortable with risking a moderate amount. One standard lot is equal to 100,000 base currency units.
- The Executive trading account – This is a higher risk, higher gains account that can only be activated by a deposit of a minimum of $100,000. It is mostly used by clients who trade in large volumes. One standard lot is equal to 100,000 base currency units.
XM also has a demonstration account with $ 100,000 virtual currency provided for users who want to try out the platform before they can finally make a decision.
It also offers Islamic accounts for Muslim clients who prefer to trade under the Sharia law principles.
Commissions and Spreads
The spreads and commissions at XM will vary depending on the type of account. The spread can begin as little as one pip.
There are three types that a trader can choose from.
- The commission-free Micro- Has an average spread on the EUR/USD listed at 1.7 pips
- Standard account- Also has its average spreads on the EUR/USD listed at 1.7 pips.
- The commission-based Zero account- This is the account with the most competitive prices. Their spreads on the EUR /USD are listed as 0.1 pips without including the commissions.
XM has tight spreads on more than 60 currency pairs that are offered to all account types. It also allows the client to trade on tighter spreads and get accurate quotes by providing fractional pip prices.
It offers leverage of 1:888 that is unique to the forex industry, and more than 100 trading instruments such as precious metals, currencies, CDFs, stocks, oil, and forex can be traded online or through the phone.
Since XM makes its profits on the spreads of the trade, there are no hidden charges and commissions to the clients. Also, there is no re-quotes or rejections of orders at XM.
Platforms and Tools
XM has two main trading platforms, the Meta Trader 4, and the Web Trader.
The Web trader allows the user access to instantaneous market information directly through the website without the need to download any software. It is mostly preferred by those with inadequate hard disc space and those who wish to use their smartphones to access their accounts.
Meta Trader 4 is currently the most popular system because it is easy to use and gives clear prices and movements which increase the performance of the trader. This platform works with numerous numbers of both demo and real accounts, and also supports Expert Advisors (EAs).
The trading software that is currently available is MT4 Terminals; MT4 for Mac; iPhone trader; Web trader; iPad trader; Droid trader; Mobile Trader.
Also, with the XM MAM Trader, several users are able to manage and use several accounts with limitless use of charts and EAs.
Customer support is available for 24 hours on weekdays to all XM clients with both real or demo accounts. Traders can be able to access the professional support through live chats, emails, and telephones. The professional customer support staff can communicate in more than 14 languages including English, French, Arabic, German, Chinese, Hindi, Japanese, Italian, Greek, Hungarian, Korean, Russian, Spanish, Malay, Portuguese, Thai, and Turkish.
Clients are provided with unlimited helpful forex materials and with free interactive webinars every week and also a uniquely made MT4 video tutorial. The traders are also provided with forex news articles and market analysis from financial experts at XM. This helps them to follow and understand the market changes and make informed trading decisions.
Traders get the opportunity to meet and interact with XM’s representatives through international seminars and workshops that are held regularly.
Withdrawal and Payment
The clients’ funds are secured by being kept in Tiel segregated Barclays accounts. The account funding is automatically processed 24/7 and same day withdrawals are allowed.
XM provides a variety of different transfer and withdrawal method. Some of these are:
- Western union
- Credit cards( VISA, VISA Electron, MasterCard, Solo, Switch)
- China UnionPay
- Moneygram etc
It also recently introduced the local bank transfer option which allows users from over 58 countries to fund their accounts through their local banks and in their local currency.
The client does not incur any hidden charges or commissions through money transfer and XM covers all the money transfer fees.
- Licensed and regulated in the EU
- Leverage of up to 1:888
- No hidden charges and commissions
- Tight spread
- 24 hours multilingual support
- Personal account managers
- Fast and Easy withdrawals.
- Offers numerous international seminars
- Automated web and phone trading
- Customer support unavailable during the weekends
- Does not support PayPal money transfer
- Other than the risks and trading volumes, there is no much difference between the three accounts.
- The minimum deposits of $100,000 in the upper level only cater for the wealthy
XM has numerous benefits and has become one of the most popular forex brokers catering to traders of different trade skills. Their many benefits range from their easy to use platforms, excellent and professional customer support, no order re-quote or rejection, and their leverage of up to 1:888.
Their traders are provided with all the forex information and analysis they need from financial experts and weekly webinars. This enables them to make informed trading decisions.
Also to note, XM offers great seasonal bonuses to their clients several times a year and some very exclusive bonuses made on an invite-only basis.
Ideal for beginners!
Free Demo Account + Free Trading Education!
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2nd place in the ranking!