XM 30$ Welcome (No-Deposit) Bonus
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XM is a globally recognised online trading platform that offers a generous $30 welcome bonus to attract new traders. Needless to say, this welcome bonus befits both the broker and the traders. For the broker, XM gains new clients to serve. However, like any promotional offer, it comes with specific terms and conditions. In this short article, we are going to look at the XM $30 welcome bonus. We are specifically going to explore the terms and conditions that apply.
Understanding the XM $30 Welcome Bonus
There are two different kinds of welcome bonuses. These include deposit bonuses and no-deposit bonuses. Deposit bonuses require investors first to make a deposit before they receive the bonus amount. On the other hand, no deposit bonuses do not require the trader to make a deposit first. The XM $30 welcome bonus is a no-deposit bonus, meaning you don't need to fund your account to receive it. It's designed to introduce new traders to XM's trading environment and its diverse range of financial instruments. But what are the eligibility criteria for this bonus? Let’s take a look below.
XM $30 Welcome Bonus Terms and Conditions
Qualifying for the $30 welcome bonus on XM is pretty simple. You only need to meet the following criteria:
- New Client - You must be a new XM client who has not previously held an account with the broker.
- Verified Account - You need to complete the account verification process by providing the required identification documents.
- Compliance with Terms and Conditions - You must agree to and comply with XM's bonus terms and conditions.
That is it. Once you complete the verification process, the broker will credit your account with a $30 bonus that you can deploy in a variety of global market products. Note that this welcome bonus is not readily available to withdraw. However, any profits made from this bonus are available to withdraw provided that:
- The trading volume for the relevant real trading account reaches at least 10 micro lots or 0.1 standard lots.
- At least 5 round-turn trades have been completed.
What markets can traders then deploy this welcome bonus in? Below is a brief review of the assets available on XM.com
Risk warning: Remember that forex and CFDs available at XM.com are leveraged products and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.
Trading Forex and CFDs entail risk.
Your capital is at risk.
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Key Features of the XM Broker
Assets Available on XM
XM.com empowers traders to explore a wide selection of investment opportunities. It offers an impressive collection of over 1000 instruments, allowing traders to diversify their portfolios. These include CFDs on:
- Forex - XM.com caters to forex traders by offering over 50 currency pairs. This extensive selection includes popular pairs like AUDUSD, EURJPY, AUDCAD, and CADCHF, as well as a diverse selection of exotic pairs like CHFJPY.
- Commodities - XM's commodity market provides traders with access to a wide range of assets, including precious metals like gold and silver, as well as agricultural commodities such as sugar and wheat.
- Equity Indices - XM.com offers diverse equity indices including both spot and futures CFDs.
- Stocks - XM.com lets you trade on stocks from leading global exchanges like the US, UK, France, and Germany.
- Cryptocurrencies - A good number of popular cryptocurrencies are also available to speculate on the XM broker site.
- Energies - Finally, investors can trade on energy assets such as oil and natural gas.
XM.com’s Spreads and Fees
XM caters to various trading styles with four distinct account types: Micro, Standard, XM Ultra Low, and Shares. Each account offers a unique spread or commission structure to suit trader preferences. The Standard and the Micro accounts boast spreads as low as 1.0 pip for major currency pairs with no commission charged.
The XM Ultra Low account features spreads starting from 0.6 pips for major currency pairs, further reducing trading costs. It also does not charge a commission. The shares account is the only account that charges a commission that depends on the specific share and the size of the trade. Another fee to consider is the swap fee, applicable to Micro and Standard accounts for positions held open after market close. Nonetheless, there are swap-free (Islamic) accounts available for traders who prefer them.
XM.com’s Credibility
To determine a broker’s credibility, we always consider two main things, the regulatory environment and its reputation among traders. On regulations, XM operates under the stringent regulatory oversight of the FSC in Belize, the CySEC in Cyprus, and the ASIC in Australia, among others. Adherence to the rules of these various institutions instils confidence in the broker's reliability and transparency.
On another note, XM boasts an impressive client base of over 5 million traders worldwide, solidifying its position as a leading forex broker. This substantial following is a testament to the company’s strong reputation and ability to meet trader needs.
Tips for Maximizing Your XM $30 Welcome Bonus
To make the most of your XM $30 welcome bonus, consider the following tips:
- Educate Yourself - Learn about forex trading and the platform's features before using the bonus. Continuous education is necessary for traders as the financial markets are ever-evolving.
- Start Small - Begin with small trade sizes to manage risk effectively. While the bonus is free, losing it can happen very fast if you are not careful.
- Set Realistic Goals: Don't expect to generate massive profits from a $30 bonus.
- Understand the Market: Keep informed about market trends and news to make informed trading decisions.
- Risk Management: Implement proper risk management strategies to protect your bonus and potential profits.
Trading Forex and CFDs entail risk.
Your capital is at risk.
T&C Apply
Closing Remarks
The XM $30 welcome bonus offers a valuable opportunity for new traders to get started without risking their own capital. They can carefully test out the platform’s features to see whether it is best suited for their needs. However, like any promotional offer, it comes with specific terms and conditions.
Understanding the eligibility criteria, claiming process, and terms and conditions is crucial. Proper risk management is needed to maximize the value of the XM $30 welcome bonus. Nonetheless, it's essential to conduct your own research and consider other features of the broker. Consider the regulation, collection of market products, and spreads and other fees.