XM really does give you $30 worth of credit just for opening your first Real Account. This allows you to test their products and services with no investment and no risk.
No deposit is required. All profits earned can be withdrawn and the bonus is automatically credited to your account.
The $30 no Deposit Bonus is equivalent to 25 EUR, 20 GBP, 25 CHF, 3000 JPY, 30 AUD, 1000 RUB, 100 PLN, 7000 HUF, 40 SGD or 347 ZAR.
Clients who maintain a minimum amount of (Equity-Credit) USD 5,000 or equivalent in any other currency are eligible to request a free VPS from the Members Area at any given time on condition that they trade at least 5 round turn lots per month.
XM offers forex Islamic accounts which differ greatly from those generally offered by other forex brokers. The difference lies in the fact that unlike most forex companies who substitute additional fees by widening the spread on Islamic accounts, XM imposes no additional charges.
In order to abide by the religious law of Islam, traders of Islamic belief are forbidden to pay interest. However, if the interest charge is transferred to a different type of fee, it is basically still a charge that covers the interest. This is also known by the name of swap-free in disguise. XM is against such practices as it is not fair or ethical.