Belize FSC and CySEC-regulated forex and CFD broker with spreads from 0.8 pips and a $5 minimum deposit.
Founded 2009Limassol, CyprusBelize FSC, CySEC, ASIC, DFSA, FSCA
XM does not have a promo code we have verified at the moment, and we do not publish codes we cannot confirm. The standing saving is the free demo account, which costs nothing and is the sensible first step. There is also current promotions. This page is updated whenever an offer changes, so it is the place to check before you open an account.
No offers match that filter.
XM publishes its current welcome offers and promotions on one page. Availability depends on the entity you sign up with and your country.
Practise on an XM demo account with virtual funds before you deposit anything.
XM offers a free demo account. It is the cheapest way to test the platform, spreads and execution before any promotion matters, because it costs nothing and does not commit you to a deposit.
XM is a forex and CFD broker founded in 2009 and headquartered in Limassol, Cyprus. It is regulated by Belize FSC, CySEC, ASIC, DFSA and FSCA, which is the first thing worth checking before any promotion, because a licence decides what protection your money has and what kind of offers the broker is even allowed to run. The operating company is XM Global Limited, part of Trading Point Group.
Spreads start from 0.8 pips, with commission of $0 on Standard and Ultra Low accounts on the raw or commission-based accounts. The minimum deposit is $5. Leverage goes up to 1:30 retail, which depends on the entity you sign up with and the rules of your regulator. Markets on offer cover forex, cryptocurrencies, stocks, etfs, indices, commodities, precious metals, energies, shares, thematic indices, around 1,400+ instruments in total.
Trading runs on MetaTrader 4, MetaTrader 5, XM App. Account types include Standard, Ultra Low, Shares, Islamic, Demo. A swap-free Islamic account is available on request. Copy trading is supported, so you can follow other traders' positions rather than placing every order yourself. A free demo account is offered, which is the cheapest way to test the platform before any promotion matters.
Deposits can be made by visa, mastercard, bank transfer, electronic payment providers and local payment methods. Inactivity fee: $10/month after 90 days inactivity. Support is available 24/7 by live chat, email, help centre.
Because XM holds a licence from a regulator that restricts retail incentives, do not expect deposit bonuses or cash rewards under that entity. The offers you will usually find are the free demo account, occasional fee or commission promotions, and referral programmes, and any bonus that does appear will come from a different entity in the same group aimed at clients outside those rules.
| Feature | Details |
|---|---|
| Minimum deposit | $5 |
| Spread from | 0.8 pips |
| Average EUR/USD spread | Approx. 0.8 pips |
| Commission | $0 on Standard and Ultra Low accounts |
| Maximum leverage | 1:30 retail |
| Account types | Standard, Ultra Low, Shares, Islamic, Demo |
| Platforms | MetaTrader 4, MetaTrader 5, XM App |
| Demo account | Yes |
| Islamic account | Yes |
| Markets | Forex, Cryptocurrencies, Stocks, ETFs, Indices, Commodities, Precious Metals, Energies, Shares, Thematic Indices |
| Deposit methods | Visa, Mastercard, bank transfer, electronic payment providers and local payment methods |
| Inactivity fee | $10/month after 90 days inactivity |
Figures are the provider's published terms at the time of our last check and can change; the provider's own site is the final word.
FREE DEMO Free demo account
FREE DEMO Free demo account
FREE DEMO Free demo account
FREE DEMO Free demo account
Not at the moment. XM is not running a promo code we have been able to verify. The free demo account is free and is the best current saving. When a code is issued it will appear here.
Yes. XM offers a free demo account, which lets you test the platform with virtual funds before depositing.
XM publishes current promotions on a dedicated page, linked from the offers above. Bonuses are usually limited to entities outside the stricter regulators, so clients under Belize FSC may not be eligible.
The minimum deposit at XM is $5. It can differ by account type and by the entity you register with, so confirm it on the account page before funding.
Click "Show code" on the row. The code is revealed and copied to your clipboard, and XM opens in a new tab. Register or sign in, and enter the code where the broker asks for a promo or partner code during registration or deposit. The discount shows in the total before you confirm.
Not always. Offers depend on the XM entity that serves your country, and brokers regulated in Australia, the UK and the EU are not allowed to give retail clients bonuses. Free demo accounts are generally available everywhere the broker accepts clients.
Trading forex, CFDs and other leveraged products involves significant risk and you can lose more than your initial deposit. FrugalFX provides general information only and does not provide investment advice. Offers are the provider's; check the terms on its site before relying on them.
Cookies on FrugalFX
This site uses cookies, including Google Analytics, to see which pages and deals are used. By continuing to browse you accept this. Privacy policy
