How to start trading with XM no deposit bonus, xm bonus conditions.
Xm bonus conditions
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.
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How to start trading with XM no deposit bonus
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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 On the other hand, the profits made with the bonus can be withdrawn at any time.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.
Step #2 login to the members’ area
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.
All you need to know about the XM bonus
XM is a well known forex & CFD online broker. They’ve also won many awards for their trading services, plus they’re regulated by ASIC, cysec and the IFSC.
However another key feature of the broker that we’d like to mention is the XM trading bonus.
But how much is this bonus and how can you claim it?
To find the answers, keep reading to learn all you need to know about the XM trading bonus process.
*your capital might be at risk
How much is the XM trading bonus?
The XM trading bonus is worth 30 USD, and it’s available to new traders who have recently opened an account.
Best of all there’s no deposit required. You can get the bonus just by opening an XM account.
You’ll only need to deposit funds to your account when you’re ready to start live trading.
Once you’ve finished the account opening steps, the $30 will be credited automatically to your trading account.
The money should normally be showing within 30 minutes, but sometimes it can take up to 24 hours max.
*your capital might be at risk
XM trading bonus key points:
- No deposit is required
- The $30 bonus is credited directly to your account
- Only available to NEW users“it is not available for clients registered under the EU
regulated entity of the group (ESMA regulations)”.
XM bonus terms and conditions
You should know that the $30 XM bonus is not available for withdrawals.
This is to prevent people from opening an account and withdrawing the money without making any trades.
Instead the $30 is to be put towards forex & CFD trades. However, the good thing is that you can keep any profits made from those orders.
That’s why we’d recommend that you take your time and not rush to make trades. That way you’re more likely to place worthwhile trades that could make a profit.
By making a profit from your trades, you’ll make the most out of the XM deposit bonus.
We should also mention that although it’s rare, the broker can withdraw their promotion offer at anytime if they think it’s being misused.
*your capital might be at risk
XM forex account types
As you know, you’ll need to open an XM account in order to claim the bonus. But you’ll need to select which trading account type you want to have.
Currently XM has 3 trading accounts available:
- Micro account – minimum deposit $5
- Standard account – minimum deposit $5
- XM zero account – minimum deposit $100
For new traders, the most popular accounts are the micro and standard accounts as they have an incredibly low minimum deposit of just $5! They 2 account also offer commission free trading & competitive forex spreads from 1 pip.
The main difference between the micro & standard accounts is the lot size. For example, the contract lot size for the micro account is 1,000 for 1 lot, and the standard account contract size is 100,000 for 1 lot.
The XM zero account is aimed at more experienced traders, and comes with a higher minimum deposit of $100.
It offers extremely low spreads on all major forex pairs starting from 0 pips, but a commission is charged on trades.
However, all accounts offer access to the XM MT4 & MT5 trading platforms, so you just need to consider which one suits your needs the best.
*your capital might be at risk
How to claim the XM bonus
To claim the XM bonus you’ll need to sign up for one of XM’s 3 trading accounts.
The sign up process takes about 10 minutes and can be done completely online.
As part of the sign up process you’ll need to provide some personal info such as name, address and contact details. The broker will also ask you questions on your previous trading experience and financial situation.
XM will also need to verify your identity. This must be done so that the broker can meet regulation requirements on security.
Make sure that you have the following 2 documents to hand:
- 1 proof of address: a document showing your latest address- a utility bill/ bank statement
- 1 proof of identity: a photographic ID- so driving licence, passport or government ID
The identity documents can be photographed with a smartphone or scanned then uploaded directly to the broker. Just follow the steps as shown on the screen.
After this the account set up steps are finished!
If you need assistance at anytime the XM customer support team is available 25/7 to help.
When your account is ready to open, the $30 bonus money should be showing in your account within 24 hours.
*your capital might be at risk
Author of this article and founder of tradingonlineguide.Com
My aim is to help you increase your trading knowledge with helpful content. I come from an economic background and have a strong passion for forex trading. With more than 6 years in the online trading world, I want to share my financial knowledge so that anyone can develop their investment skills.
In my spare time I enjoy cooking and travelling.
Here you can learn more about our review methodology.
So, let's see, what we have: XM $ 30 bonus is one of the best ways to start forex trading. Learn about bonus terms and conditions and how to get the bonus today! At xm bonus conditions
Contents
- Top forex bonus list
- How to start trading with XM no deposit bonus
- XM no deposit bonus description
- XM no deposit terms and conditions
- How can you get XM $30 no deposit bonus?
- Step #1 – opening a real account
- Step #2 login to the members’ area
- Step #3 validate your XM account
- Step #4 claim your XM no deposit bonus
- Step #5 verify
- XM no deposit withdrawal policy
- All you need to know about the XM bonus
- How much is the XM trading bonus?
- XM bonus terms and conditions
- How to claim the XM bonus
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