With XM Trading, you can earn rewards by introducing XM to your friends, acquaintances, or an unspecified number of people, opening an account, and trading. The appeal of XM is that you can earn not only by trading, but also by referrals.
friend referral program
The friend referral program is a system in addition to the account opening bonus, deposit bonus, and loyalty program.
Participation conditions
Only those who meet both conditions can use the friend referral program.
Open real account
Possess an XM trading real account that has been activated by submitting the required documents.
3lots or more trading
Trade 3 lots (3 standard lots) or more of any FX currency pair, gold or silver.
How the Refer a Friend Program Works
XM’s refer-a-friend program rewards both you and the referred friend for every friend you refer. The paid cash can be used for XM trading as trading margin, or it can be withdrawn and cashed without trading, so it is a benefit that is easier to use than a “bonus” that cannot be withdrawn.
You will be paid $25-$35 in cash depending on the number of people you refer.
In order to be paid, the referred friend must meet all of the following conditions:
Qualification
Open a standard or micro account. Zero accounts are not eligible.
Deposit of funds
Deposit your own funds into the account.
3lots or more trading
Trade 3 lots (3 standard lots) or more of any FX currency pair, gold or silver.
The more you refer, the more you earn
The reward generated by the friend referral program will increase as the number of people introduced increases.
| Number of referrals | Compensation amount per person |
| 1 to 15 people | 25$ |
| 16-30 people | 30$ |
| 30 or more | 35$ |
how to introduce
The procedure to get a referral URL to XM is very easy as there are only 2 steps.
1. Log in to the XM member page
First, from the top of the XM top page, click “Member Login” to log in to the member page.
2. Visit your Refer a Friend Dashboard
After that, you can add the email address of the person you want to introduce from the link destination screen, or you can introduce your friend by sharing the link.
Rewards will be deposited into MyWallet
Every time you earn rewards generated through the friend program and IB, they will be credited to your MyWallet. MyWallet is a feature that was implemented in 2020, and it is a system in which money is deposited into MyWallet every time you earn rewards generated via IB. You can now trade with rewards by depositing money into your MyWallet → trading account.
affiliate program
XM has an affiliate program in addition to friend referrals. XM Affiliate is a system that has existed for a longer time than the friend referral program. The following article introduces how XM Affiliate works.
Friend referral and affiliate comparison
| Conditions for remuneration | Opening a new account for the referred person Deposit +3lot or more trading | At the time of transaction of the introduced person |
| unit price of remuneration | $25-$35 per referral | $3~$10 per 1lot transaction |
| Withdrawal of rewards | 〇 | 〇 |
| Maximum number of people to introduce | × | × |
The main difference between the friend referral program and XM Affiliate is the timing of receiving rewards. In the friend referral program, a reward of $25 to $35 will be paid for each referral when the referred person opens an account, makes a deposit, and trades 3 lots or more. With XM Affiliates, rewards are generated when the referred person makes a transaction, so the rewards will continue to be earned forever.
Which is better, referring a friend or being an affiliate?
Is it better to work on friend referrals or XM affiliate marketing? Affiliates are recommended for this. Affiliates have the advantage of being able to expect permanent income because if they continue doing business with them, they will receive a permanent commission. In the case of friend referrals, it often ends up being a one-off income.
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