It is a really great opportunity to start trading Forex with free money.
It does sound like “not a decent” promotion campaign for beginners, and many people may think that there is of course a trap in the process.
But many of the Forex “No Deposit Bonus”promotions are really free and there is nothing you could lose.
All you need is your time and you have got a lot of opportunities to earn these free money.
This time, let me introduce just one of them, “$30 No Deposit Bonus” offered by XM.
And also the exclusive 100% Deposit Bonus of XM, which is not even listed in the official website.
XM 30 USD No Deposit Bonus
This is the Promotion, where you can receive free money to start trading Forex.
You have never traded Forex and afraid of some risks occurs to you?
Well, this may be the one for you because with this promotion, you can practice trading Forex with real money with real exchange, and you do not need to risk your own money.
It is totally free to receive, and no extra commissions?
If you make money with the free $30 ? Then the profit you just made is all yours. You can withdraw these profit at anytime to your pocket.
If you lost all of the $30 ? Then nothing happens, It wasn’t even your money, but XM’s. You can just think of it as a fee of Forex experience.
How to receive the free $30 No Deposit Bonus
Please follow the below simple steps to earn the $30. Remember that it is risk free, and commission free.
1. Open a live account with XM
You can open it from this page. You will need to type in your name, address and other personal information.
*XM is a CySEC regulated Financial Company. The privacy policy is one thing you wouldn’t be worried about.
2. Submit a copy of your ID and a Proof of Address
It is a necessarily KYC(know your client) procedure by XM. You just need to send an email with the copies attached or submit it directly from XM’s Members Area.
If you have submitted false information or documents, you will get into a trouble when you request for fund withdrawals. So unless you are really not serious about the Forex trading, you may want to make sure that all information you submit is correct.
3. Request for the 30 USD from the Members Area
After verifying your information with documents and the approval from XM, you are able to receive the 30 USD bonus by just one clicking in the XM’s Members Area.
The bonus amount will be credited into your trading account which already opened, and it is now available for trading.
What is the merit and demerit of the promotion?
Well, there is no free money in the world, unless you are just a fortunate person.
There are also things that you need to know, regarding to the bonus. which are:
1. $30 bonus is not available for withdrawal
You can receive the bonus for free, but it is not free like you can just transfer it to your bank account and to your pocket.
The $30 is only available for trading, and it is not withdrawable at all.
If you want to make money with the free money bonus campaign, you must start trading with the money, unless the $30 is useless.
2. $30 is a tiny amount of money in Forex
It is really hard for you make large amount of profit with only this $30.
Normally you can place orders from 1000 units(dollars) in Forex market for individual traders, but fortunately, XM offers Micro account where you can place orders from 100 units.
Also XM offers 1:888 leverage, this makes your tradable amount to 888 times more.
So after all, $30 is not so small in this case. More than anything, it is free!
XM 100% Deposit Bonus
XM is also constantly running this 100% Deposit Bonus Promotion exclusively.
This promotion is not listed in the official website, only someone who knows can receive it. In the XM’s official website, there are 50% and 30% Deposit Bonus only.
The maximum amount you can receive with this “100% Deposit Bonus” is 500 USD(or equal amount in other currencies).
So if you deposit 500 USD and apply for this promotion, you will have another 500 USD in your trading account. Eventually, you will have 1,000 USD total.
In case you make a deposit more than 500 USD, “20% Deposit Bonus” will be applied to the exceeded amount.
So the bonus amount is technically unlimited. It is a great opportunity to leverage your trading more, along with the 1:888 high leverage.
How to receive the 100% Deposit Bonus?
Please note that you can only apply for 50% or 30% Deposit Bonus, in case you request for normal deposit bonuses, to receive the 100% Deposit Bonus, you will need to specify the type of bonus when you request for it.
To receive the 100% Deposit bonus on your first deposit, please follow the process below:
- Open a live account with XM
- Verify your trading account with Documents(ID and Proof of Address)
- Make a Deposit
- Request for the bonus to your account manager
So Why XM is recommended?
Well it is hard to find the Best broker in the world among hundreds of them.
But you can certainly find one Better broker out of them.
To know which is the better one, it is necessarily for you to know HOW better the broker is.
So let me introduce this XM, “Online Forex & CFD Broker” by comparing to others.
XM is a CySEC regulated Online Forex and CFD broker founded in 2009, (This proves that XM is following laws and rules provided by the authority) and the company has acquired more than 500,000 clients over the 7 years. (Japanese largest brokers have taken more than 15 years to acquire that much of number)
Along with the high quality customer support, (you wouldn’t get procrastinated by them when you ask something, sad thing is that many brokers’ support is almost useless…) XM’s trading commission is only 0.5 pips including all extra commissions. (0.5 pips is only about 5 dollars when you trade 100,000 dollars worth of position, only handful brokers offers actual commissions less than 0.5 pips)
All your funds are deposited into some “segregated accounts” where separated from the normal operation of XM, and in the worst case scenario, your funds may be compensated up to 20,000 EUR as XM is also a member of ICF(Investor Compensation Fund). (Some online Forex brokers are not even regulated, no segregated accounts and no compensation available, XM makes sure that the security of funds are first priority at anytime)
Other than these above aspects, XM has got the average or more than average service quality and products.
By also considering all the reviews to the service of XM so far, it shouldn’t be a wrong choice to be your partner broker.
Please check XM official website or contact the customer support with regard to the latest information and more accurate details.
XM official website is here.
Please click "Introduction of XM", if you want to know the details and the company information of XM.