Latest XM News | Forex Broker Cashback
XM, formerly known as Exinity Markets, is a global forex and CFD broker that has been in operation since 2007. The company is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). XM offers a wide range of trading products, including forex, CFDs, stocks, indices, and commodities. The company also offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, and XM's proprietary platform, XM WebTrader.
XM Forex Broker Cashback
XM offers a forex broker cashback program that allows traders to earn cash rebates on their trading volume. The cashback rate is calculated as a percentage of the trader's trading volume, and it can be paid out in cash or credited to the trader's account.
Benefits of XM Forex Broker Cashback
There are a number of benefits to using XM's forex broker cashback program. These benefits include:
Reduced trading costs: The cashback can help to reduce the overall cost of trading, which can improve profitability.
Offset the negative impact of slippage: The cashback can help to offset the negative impact of slippage, which is the difference between the price at which a trader wants to execute a trade and the price at which it is actually executed.
Earn rewards for trading: The cashback program is a way for XM to reward its customers for their loyalty.
How to Earn XM Forex Broker Cashback
To earn XM forex broker cashback, traders must first open a live trading account with XM and deposit funds into their account. Once the account is funded, traders can start trading and earning cashback on their trading volume.
XM Forex Broker Cashback Rates
The cashback rate for XM's forex broker cashback program varies depending on the type of account that the trader has. The following table shows the cashback rates for the most popular account types:
| Account Type | Cashback Rate |
|---|---|
| Micro Account | 0.10% |
| Standard Account | 0.20% |
| Zero Account | 0.30% |
| XM Ultra Account | 0.50% |
XM Forex Broker Cashback Terms and Conditions
There are a few terms and conditions that traders should be aware of when using XM's forex broker cashback program. These terms and conditions include:
The cashback rate is subject to change. XM may change the cashback rate at any time without notice.
The cashback is not paid out on losing trades. Traders will only earn cashback on trades that they win.
The cashback is subject to a minimum withdrawal amount. Traders must withdraw at least $50 before they can receive their cashback.
Overall, XM's forex broker cashback program is a valuable tool for traders who can help to reduce their trading costs and earn rewards for their loyalty.
Here are some additional things to consider when choosing a forex broker cashback program:
Cashback rate: Compare the cashback rates offered by different brokers before you choose a program.
Terms and conditions: Make sure that you understand the terms and conditions of the cashback program before you sign up.
Reputation: Choose a broker with a good reputation for customer service.
Additional Resources
XM website: https://www.xm.com/
XM forex broker cashback program: https://www.cashbackforex.com/brokers/278/xm?tab=rebates
MetaTrader 4 platform: https://www.xm.com/mt4
MetaTrader 5 platform: https://www.xm.com/mt5
XM WebTrader platform: https://mt5.xm.com/
Please note: This blog post is for informational purposes only and should not be considered investment advice. Always do your own research before making any investment decisions.
