XM Promo Code 2020: Enter “DT…” – Up to $5000 deposit bonus
Create your account with our XM. com promo code and enjoy a $30 bonus with no deposit. XM.com is one of the main online trading platforms, offering to its traders one of the best environment to invest. You can also enjoy a deposit bonus up to $5000.
|XM Bonus||Offers (Jan – Dec 2020)||XM Promo Code|
|XM Welcome Bonus||30$ for free||Get your XM promo Code|
|XM Deposit Bonus||Up to 5000$||Get your XM promo Code|
|XM Loyalty Program||Earn points on trades, get them in cash||Get your XM promo Code|
|Extra Bonuses||Available on seasonal bonuses||Get your XM promo Code|
Setting Up Your Account with our XM Promo Code
To start trading on XM’s trading platform, you need to have signed up for an account. The signing up process requires you to fill up an online form where you provide your personal details such as full name, email, phone number and country of residence.
How To Register and get your XM bonus
To begin the registration process on XM’s trading platform, click on the ‘open an account’ key on the website’s homepage. The action redirects you to a page where there is an online registration form that requires you to fill with your personal details. You need to provide your full name, email address, mobile number among other credentials.
You then fill in your trading account details. The details include your preferred trading platform which can either be the Meta trader 5 or the Meta Trader 4 trading platforms. You then select an account type. There are five trading account types that you can pick from excluding the demo account.
Once done filling up this information, click on ‘proceed to step 2′ for the next step. The next page requires you to provide personal details such as your birthday, address details and investor information. Under investor information, you need to indicate your investment amount, education level and estimated income among other details.
You complete the whole registration process by providing your password and confirmation then click on ‘open a real account’.
Trading Account Types
A demo account is a training tool that serves to introduce you to the trading concept. With the demo account, you have access to virtual funds that you use in the simulated trading environment that trains you on how to trade.
The other account types are set according to the lot sizes. Here we have the standard account and the XM ultra-low standard having one lot equivalent to 100000 units of the base currency. The micro account has one lot equal to 1000 units the same as the XM ultra low micro account.
Finally, there is the shares account for shares trading and requires a minimum of $10000 in deposits. All the accounts have negative balance protection. With the exception of the shares account, all the accounts charge no commissions.
The base currency for the shares account is only the United States dollar. The other account types accept the South African rand, the Australian dollar, and the Great Britain pound among other currency units.
XM Bonuses Offered To The Traders
XM capital has various bonuses that it offer to its clients as a reward or to enhance their trading experience on its platform. The following are some of the bonuses that are currently live on XM’s trading platform.
- The XM bonus program where you get a 50% plus 20% bonus on deposits as part of a two-tier bonus program. The minimum deposit is $5.
- The XM loyalty program where you earn points on trading. The points are redeemable for credit bonus rewards.
- The zero fees program where you incur no trading fees from commissions to transactional costs.
All the XM bonuses are summed up in the image hereunder:
The following are some of the terms that govern XM’s bonus program and ensures that it runs smoothly.
- You need to have an operational real account at XM’s trading platform.
- To be legible for the bonuses and promotions, you need to meet all the set conditions. For example, you need to have a minimum deposit of $5 to be legible for the XM bonus program.
- XM has the right to terminate any bonus program at any time.
- The bonus programs are available to clients and/or countries that XM deems appropriate.
- Some of the bonus programs and promotions seclude XM’s workers and their relatives from participating.
Frequently Asked Questions
Question: Does XM have the corporate account?
Answer: No, XM does not have a corporate account. You can, however, check out the shares account which is a high trade volume account.
Question: What is the minimum initial deposit at XM?
Answer: All the accounts require a minimum initial deposit of $5. The exception is the ultra-low and shares account that requires a deposit of $50 and $10000 respectively.
Question: Does XM charge commissions?
Answer: XM does not charge commissions on all accounts except the shares account.
Quality Of The Platform
The site is well-organized with the menu icons easily accessible. This enables easy navigation while on this trading platform.
The learning center on XM’s trading platform provides you with educative materials that are helpful when it comes to trading. Among the learning resources on the platform include live education, educational videos, platform tutorial, and forex seminars and webinars.
The research center and the research and education center serves to give you an insight into the market conditions. There is the market preview that gives you a glimpse of the market and the stock market news both showing the state of the financial markets. There are also special reports and analysis videos at your disposal.
XM.com Trading Tools
There are also trading tools that you can use on each of the platforms; Meta trader4 or Meta trader 5. The tools include trading indicators that show you the strength and bearing of a particular market trend.
MQL5 Trading Signals
You can also receive trading signals from top traders after verification of a one month period. MQL5 is from Metaquotes, the creators of the Meta Trader 4 and 5 trading platforms hence you can access the signals from these trading platforms.
The Economic Calendar
The economic or forex calendar shows you of the upcoming events in the financial market that may either signal a bullish or bearish market run. Such information is key in giving you a trading strategy that is congruent to the upcoming market conditions.
The calendar also enables you to follow the release schedule of important economic indicators.
At your disposal are also forex calculators that come in handy in the calculation of swaps, pips, margin and profit, and loss. The calculator also has the currency converter if you want to trade in currency pairs.
XM is present in many countries worldwide and to reach the large client base, it is a multilingual platform. Among the languages, it supports include English, Filipino, Polish, German and French among many other languages.
To trade on XM’s trading platform you need to fund your account. XM’s trading platform has flexible banking options to allow for the smooth deposits and withdrawals from your account. The following are the acceptable banking channels on XM’s platform.
- Credit and debit card such as Visa, Maestro and MasterCard
- E-payment such as Neteller and Skrill.
- Bank wire transfer.
There are no charges at all for all the channels except for bank wire transfer where the amount needs to be over $200. The reflection time is roughly 24 hours with $5 being the minimum amount you can transact.
XM has efficient customer support that provides you with help whenever you have an issue on the platform. You can access XM’s customer support from the live chat feature or alternatively by sending the support on email.
You can also give them a call from their contacts listed under the contact section. The customer support is accessible for 24 hours for the 5 working days.
XM has some of the best trading platforms that combine flexibility and advancement for a good trading environment.
Among the trading platform are as follows.
Meta Trader 4 Trading Platform
Meta Trader 4 is one of the trading platforms that XM uses. It is a product of Metaquotes and noted for its flexibility which is observable in its compatibility to various devices.
Features Of The Meta Trader 4 Platform
Below are some of the features of the Meta Trader 4 trading platform
- It is compatible with both Mac and Windows operating systems.
- It has the web trader version that is compatible with most browsers and noted for its easy accessibility.
- Has spreads which are as low as 0.6 pips.
- Supports the Expert Advisor functionality.
- Technical analysis tools with a variety of indicators and trading tools.
- Allows for hedging.
- Has over 1000 trading instruments from forex pairs, CFDs and commodities.
The Meta Trader 5 Trading Platform
The Meta Trader 5 trading platform is a new trading platform version from Metaquotes. Just like the Meta Trader 4 trading platform, it is noted for its flexibility and convenience when it comes to trading.
Features Of The MetaTrader 5 Trading Platform
- It has over 1000 financial trading instruments from indices, CFDs, forex pairs and cryptocurrencies.
- Supports all types of orders.
- Allows for hedging.
- It fully supports Expert Advisors functionality.
- It has low spreads from 0.6 pips.
- Has the ability to display up to 100 charts simultaneously.
- The trading platform has over 80 technical trading indicators.
The Mobile Trading Platform
The mobile trading platform is supported by either the Meta trader 4 or 5 trading platforms and is a downloadable application. It allows you to trade conveniently on your mobile phone. The mobile trading platform is compatible with both ios and Android operating systems and are lightweight applications meaning they do not take much in your device’s storage space.
Top 3 Alternatives To XM
XM is one of the best trading platforms that you can sign up with for some of the best trading conditions. However, there are other trading platforms that can give XM a fierce competition in terms of the trading conditions and convenience. The following are some of the alternatives to XM.
Exness is a great trading platform that can give XM a run for its money. It has been in operation since 2008 after an effort by a group of like-minded individuals from the fields of finance and technology. The main purpose of its establishment was to provide top-notch trading facilities to anyone interested in trading.
Over the years, Exness has managed to grow in strides and at the moment it has extended its reach to many countries worldwide. It is also a credible trading platform that has received a clean bill of operation from the Cyprus Securities and Exchange Commission (CySEC). This authorization allows Exness to run its operations in Cyrus and assures you of the safety of your funds entrusted to the broker.
Why Exness Is A Great Alternative To XM
- A high-quality trading platform with features such as a currency converter, calculator and VPS hosting.
- It has an efficient customer support center.
- The platform has a variety of financial trading instruments.
ETX Capital is another alternative to XM and can hold its own against XM courtesy of its experience in the industry. It is one of the best trading platforms and has been in operation since 1965 making it a veteran in the trading sector. With the many years on its back, ETX Capital knows exactly what you want as a client and tenders its products to meet your different needs.
ETX Capital trading platform combines telephone trading and electronic trading ingredients of a flexible trading platform. Additionally, it uses one of the most advanced trading platforms which are the Meta Trader 4 and ETX Traderpro trading platform. Both of these trading platforms support a variety of trading instruments and are also compatible with a host of devices from personal computers to mobile phone devices. You can also check our ETX Capital bonus code page if you want try out this forex platform.
ETX Capital is authorized to operate in the United Kingdom by the financial conduct authority (FCA).
Why ETX Capital Is A Great Alternative To XM
- It has convenient trading platforms that are flexible in compatibility to devices.
- Efficiency in its customer support.
- Assured safety of funds courtesy of its regulation by the FCA.
- Flexible deposit and withdrawal channels.
- Multilingual support platform supporting languages such as English, French, and German among others.
Ameritrade is a trading company founded in the United States of America and has been in operation ever since 1971. The many years in the financial trading industry makes it a credible trading platform that you can opt for. It pioneered the leveraging technology between the 1980s and 1990s which really made trading easier and available for many. At the moment, Ameritrade serves over 10 million clients worldwide who appreciate its convenient trading conditions. Ameritrade also offers nice bonuses to its traders.
Ameritrade also uses some of the advanced custom trading platforms that make trading easier courtesy of the features and tools that the platforms possess.
Why Ameritrade Is A Great Alternative To XM
- Allows for 24/5 trading making it accessible on all of the trading days.
- It supports mobile trading.
- Ameritrade has a dedicated customer support team to come to your aid in case of any issue on the platform.
- Straight forward pricing meaning there are no hidden fees.
- Access to various educational resources to boost your trading stint.
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