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XM Promotions & Bonuses 2026: Cashback, Deposit Bonus & More

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Pedro Braz
Co-Founder, Forbes 30 under 30
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Franklin Silva
Co-Founder & Fintech Analyst
Fact checked by: Franklin SilvaUpdated on Apr 7, 2026
XM Promotions & Bonuses 2026
Promo Code
Y92YD
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Looking for the latest XM bonus?

In this guide, we explain:

  • XM Unlimited Cashback Promo (up to $7/lot)
  • XM deposit bonuses (over $5,000 available)
  • XM No Deposit Bonus (up to $50)
  • Demo Competitions ($100,000/month in prizes)
  • Who is eligible
  • Important regional restrictions

Sponsored information. Trading CFDs involves risk.

XM Unlimited Cashback Promo – Spring 2026 (NEW)

XM has just launched its Unlimited Cashback Promo for Spring 2026. This initiative allows traders to earn up to $7 back for every lot traded – with no earning cap.

The more you trade, the more cashback you receive. This is a high-value opportunity to boost trading potential during current market volatility.

Deposit Bonuses – Over $5,000 Available

XM offers deposit bonuses for eligible clients, including 100% and 50% deposit bonus structures, with over $5,000 available in total.

Key rules:

  • The bonus is not withdrawable – only profits generated from the bonus can be withdrawn
  • Bonuses expire if not used within the specified period

No Deposit Bonus (Up to $50)

New eligible clients can receive up to $50 credited directly to their margin – no deposit required. All profits earned from this bonus are fully withdrawable.

Demo Competitions ($100,000/month in prizes)

XM runs monthly demo trading competitions with $100,000 in prizes, allowing traders to compete risk-free.

Is the XM bonus available to everyone?

No.

Bonus availability depends on the regulatory entity you are registered under.

XM operates through multiple entities:

  • XM International MU Limited (Mauritius – FSC)
  • XM Global Limited (Belize – FSC)
  • XM (SC) Limited (Seychelles – FSA)
  • Trading Point of Financial Instruments Limited (Cyprus – CySEC)

Clients registered under the CySEC (EU) entity typically do not have access to deposit bonuses, due to ESMA restrictions.

Bonus campaigns are generally available to clients registered under offshore entities (Mauritius, Belize, Seychelles), provided their country is not restricted.

Restricted regions include:

  • United States
  • Canada
  • Israel
  • Iran
  • Other sanctioned jurisdictions

Always verify eligibility inside your client area before depositing.

Other promotions (Free shares)

Referral link Bonus promotion Terms and conditions
Trading 212 1 free fractional share up to €/£100! Trading 212 free fractional share details
Freedom24 Earn up to 20 Gift Shares! Freedom24 free share details
Interactive Brokers Up to $1,000 of free IBKR stock IBKR free share details
Webull Up to 30 free shares Webull UK bonus details
Freetrade 1 share worth up to £100 Freetrade free share details

Looking for more signup promotions? Check our bonus page, where we share the latest signup bonus available in each country.

Bottom line

XM’s current promotions are attractive for active traders who:

  • Want to earn cashback on every trade (up to $7/lot)
  • Trade significant volume
  • Understand leverage risk
  • Want to increase margin without adding capital

However, bonuses are not withdrawable, they may encourage higher trading activity, and they are not available in all regions.

FAQs

Is the XM bonus withdrawable?

Deposit bonuses are not withdrawable – only profits generated from the bonus can be withdrawn. However, the No Deposit Bonus (up to $50) allows all profits to be fully withdrawn.

Does using a partner code change my costs?

No – your spreads and commissions are the same as the public offer. If anything, you might benefit from additional rebates or free VPS promotions linked to the IB.

Is trading risky?

Yes. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Make sure you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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About the author
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Pedro Braz
Co-Founder, Forbes 30 under 30

Pedro is passionate about finance, marketing, and technology. He is the co-founder of Investingintheweb.com and his work has earned him a spot on the Forbes 30 Under 30 Europe Finance list.

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