XM Broker XM No Deposit Bonus Details:
XM is gladly offering a $50 XM no deposit bonus to its new clients. This is XM’s real account bonus and the best thing is that the profit made from this welcome bonus can be withdrawn without making any deposit. We at Forex Penguin have successfully acquired and tried this bonus. It has been working well up to this date.
XM has many available base currency accounts. If you open your account in another base currency, you will receive the XM no deposit bonus in that currency. $50 is equivalent to 42 EUR, 33 GBP, 42 CHF,
5000 JPY, 50 AUD, 167 PLN, 11667 HUF, 67 SGD, and 578 ZAR, 1600 THB.
XM no deposit bonus is highly recommended because XM is regulated by many financial regulators.
Here is the list of the regulators:
- Cyprus Securities and Exchange Commission (CySEC)
- Financial Services Commission (FSC)
- Australian Securities and Investment Commission (ASIC)
- Dubai Financial Services Authority (DFSA)
How To Get a $50 Bonus From XM
Table of Contents
We have prepared a step-by-step guide for you. It will be seamless when you get this $50 no-deposit bonus yourself. First of all, you need to know whether you are eligible for this no-deposit bonus.
XM $50 Bonus Terms And Conditions
In the following section, we list down all the eligibility criteria for the XM $50 no deposit bonus.
- The XM bonus recipients shall be 18 years old and above or not a minor in their country of residence.
- The client must be a new client who has never received this type of bonus before.
- The recipient shall not share the same IP address with the existing XM bonus account holder. If the same IP is detected, XM reserves the right to disqualify the recipient.
- If one of the family members has already acquired this bonus, it is no longer eligible for the rest of the family members.
- Any person who is directly or indirectly related to the XM company is not eligible for this $50 bonus.
- The bonus can be offered to the residents of any country as long as it is deemed appropriate by XM.
- Clients registered under the EU regulated entity of the Group are not eligible for the bonus.
Step by step of getting the XM no deposit bonus.
Once you fulfill the eligibility criteria listed above, you can go to the XM website and open a new account.
1. Open a new XM real account.
On the XM site, at the top right side of any page, you will see a green “Open An Account” button. Click on that button and you will see a registration page.
This registration will only take 2 minutes of your time. First of all, fill in personal details such as first name, last name, country of residence, preferred language, phone number, and email address.
Next fill in the trading account details. This includes the trading platform type and account type. For this illustration, we have chosen the MT4 platform and the standard account.
Once you check the confirmation box, you are good to proceed to step 2.
In step 2, you are required to fill in your date of birth, address details, trading account details, investor information, trading knowledge and experience, and account password and check the confirmation box.
There is one important detail that you need to pay attention to. In the trading account details section, under the account bonus, please select “Yes, I wish to receive the bonus”. This allows XM Broker to give you the forex bonus.
Once everything is filled, please click on the green “OPEN A REAL ACCOUNT” button. That is 2 minutes of your time. We are not quite done yet. You will see a page with the following details:
There are two more steps to do before you are able to receive the bonus. Firstly, please confirm your email address by clicking on the link sent to the email you have provided.
By clicking the link in the welcome email, it will bring you to the login page as shown below.
If you forgot your MT4/MT5 ID, you can retrieve it from the welcome email.
Once you are on the member dashboard, you can begin to verify your identity.
2. XM Account Validation
In the member dashboard, you will see a few boxes. One of them is the “Trading Bonus – Claim your $50” box. You can only apply for the new $50 bonus after you have validated your account.
Click on the orange “Validate Your Account Now” button.
XM requires you to provide additional information about your Tax Identification Number (TIN). Once you have made your selection, click the “Submit” button.
After successfully submitting the tax information, look for your name on the top left side of the page. Beside your name is an arrow pointing downward. Click on it.
Here you see the upload documents link. Click on the link and you will be able to upload the relevant documents.
There are 2 types of documents you need to upload.
Proof of Identity Documents
You can upload one of these 3 types of documents as proof of identity:
- International Passport
- Driving License
- National ID
Proof of Residency Documents
Utility bills are used as proof of residency, these include:
- Electricity bill
- Water bill
- Gas bill
- Phone bill
- Internet bill
- Oil bill
- Bank statement
All the bills must have a date within the last 6 months confirming your registered residential address.
Once you have the proof of identity and the proof of residency ready, please upload the documents.
The XM review team will review your documents and it will normally take less than 24 hours to get the account validated.
3. Claiming the $50 No Deposit Bonus
After the account is validated, it is time for you to claim the long-awaited $50 no-deposit bonus from XM. Now log into the member dashboard, and you will see the no deposit bonus available for you to claim.
Click on the “Claim Your Bonus Now” button.
Fill in your phone number and request a call back from XM. XM will call you and give you a confirmation code.
After the mobile verification, you will see the confirmation screen stating that you have successfully received a $50 no-deposit bonus into your MT4/MT5 account.
Now log into your trading account, and you will see that your $50 no-deposit bonus is in your account.
This is a screenshot of our account to which we have applied the no-deposit bonus. As you can see, this account has a credit of $50 from the no-deposit bonus. So far, we have made $4.61 from the trading of this $50 bonus. Whatever you see in the balance is the profit and you can withdraw it.
There is one more thing you should pay attention to. You must claim this no-deposit bonus within 30 days of the account opening. Beyond 30 days, you might lose the opportunity to receive the no-deposit bonus.
How to withdraw the profit made from the $50 NDB
The $50 itself is not available for withdrawal but the profit generated by this no-deposit bonus is good to withdraw anytime you like it. Nevertheless, there are withdrawal terms and conditions.
XM $50 Bonus Withdrawal Conditions
We have summarised what you should know about withdrawing the profit.
- Must trade at least 0.1 lot in total (10 micro lots).
- Must trade at least 5 rounds of trades.
- There is no maximum limit to the amount you can withdraw.
- The minimum withdrawal amount is $5 every time.
- XM will deduct the bonus proportionally in a percentage of the withdrawal amount.
Frequently Asked Questions About XM No Deposit Bonus
✅ Can I withdraw XM Bonus?
No, you can not withdraw the XM Bonus. However, the profit generated by the bonus can be withdrawn as soon as you have fulfilled the withdrawal criteria.
✅ How long does XM bonus last?
There is no expiry to the XM no deposit bonus. The bonus is valid as long as there is no withdrawal of the profit is made.
✅ How do I claim my XM no deposit bonus?
You need to fulfill the eligibility criteria listed in this review. If you are eligible, then you need to open a new account and get your proof of identity and proof of residency verified.
Once the account is validated, you can claim the XM no deposit bonus through the mobile verification. In order to do so, you will enter your phone number and receive a call back from the XM. You need to fill in the confirmation code given to you by phone call.
You will immediately receive your bonus into your MT4/MT5 account after you enter the confirmation code.
✅ I am from Malaysia, am I eligible for this XM no deposit bonus?
Yes. Malaysians are eligible for XM no deposit bonus.
✅ How do I withdraw the profit generated by the XM no deposit bonus?
You need to at least trade 0.1 standard lot accumulatively and at least 5 round trades. The minimum withdrawal is USD 5.
Link to the Bonus: XM No Deposit Bonus – $50 Trading Bonus
Bonus Size: XM No Deposit Bonus
Expiry Date: On Going