XM, a forex brokerage group regulated in Cyprus and Australia, said on Tuesday it is giving out $30 bonuses (or the equivalent amount in the account currency) to clients who open new live trading accounts. The offer has no deposit requirement and is available for a limited time.
The bonus is automatically credited to traders’ accounts and is for trading purposes only, so traders can withdraw profits earned only.
XM offers three types of trading accounts – Micro, Standard and XM Zero. The main currencies that traders can use to open accounts with the broker are USD, EUR and JPY, but Micro and Standard accounts are also available in several other currencies. Following are the trading conditions of the different XM accounts:
XM is a trading brand of Cyprus-based Trading Point Holdings. The XM group consists of companies licensed by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). They are also registered in other countries throughout Europe, including the UK, Germany, Spain, Italy, Finland, and France.
The broker offers trading in forex, commodities, equity indices, metals and energies via the web-based, desktop and mobile versions of the MetaTrader 4 (MT4) platform. It is active in nearly 200 countries.