One of the world's most popular forex brokers with 10+ million clients in 190+ countries. Famous for its $30 no-deposit bonus, ultra-low $5 minimum deposit, 1000+ instruments and award-winning customer support across MT4 and MT5.
Risk warning: 74–89% of retail CFD accounts lose money. Bonus subject to T&Cs.
XM was founded in 2009 and has grown to serve over 10 million clients across 190+ countries. Regulated by CySEC, ASIC and FSCA — giving it strong credibility across multiple continents.
XM is best known for its $30 no-deposit bonus — one of the most sought-after promotions in forex. New traders receive $30 in real trading funds without depositing a single cent. With a $5 minimum deposit and access to over 1,000 instruments across MT4 and MT5, XM is ideal for traders who want to start small and grow big.
XM's educational offering is outstanding — free daily market analysis, webinars in 19 languages, video tutorials and live trading sessions. The broker also offers 24/5 multilingual customer support across Africa and Asia.
fx-pick Verdict: XM is our top pick for traders who want the best bonus offers combined with solid regulation and a vast instrument selection. The $30 no-deposit bonus is the best way to start trading forex with zero financial risk.
| Minimum Deposit | $5 |
| No-Deposit Bonus | $30 for new clients |
| Deposit Bonus | Up to $5,000 |
| Maximum Leverage | 1:888 |
| Spreads From | 0.6 pips Standard / 0.0 pips Zero |
| Commission | $0 Standard / $3.50 per lot Ultra Low |
| Platforms | MT4, MT5, XM App |
| Account Types | Micro, Standard, XM Zero, Ultra Low |
| Instruments | 1000+ Forex, Stocks, Indices, Commodities, Crypto |
| Regulation | CySEC, ASIC, FSCA, DFSA |
| Negative Balance Protection | Yes |
| Segregated Funds | Yes |
| Education | Free webinars, video tutorials, daily analysis |
| Founded | 2009 — Limassol, Cyprus |
Click the Claim $30 Free Bonus button on this page. Enter your name, email and country. The process takes under 2 minutes.
Upload your national ID or passport. XM verifies most accounts within 1 hour. Verification is required by CySEC and ASIC regulations.
Once your account is verified, the $30 no-deposit bonus is automatically credited to your trading account. No deposit required.
Use the $30 to trade real markets. Once you meet the minimum trading volume requirement, you can withdraw your profits.
XM is available in 190+ countries with customer support in 30+ languages and local payment methods across multiple regions.
Full MT4 and MT5 access. Local bank transfers. Popular for forex and gold trading across Kenya.
Local bank transfers available. 1000+ instruments. Very strong Nigerian trader community.
FSCA regulated. EFT transfers supported. Active South African trading community on MT4 and MT5.
Full platform access. Local payment options. Growing community of Ghanaian traders.
| Feature | XM | Exness | HFM | Deriv |
|---|---|---|---|---|
| Min. Deposit | $5 | $0 | $5 | $5 |
| No-Deposit Bonus | $30 | None | None | None |
| Instruments | 1000+ | 200+ | 300+ | 100+ |
| Max Leverage | 1:888 | 1:2000 | 1:1000 | 1:1000 |
| Spreads From | 0.6 pips | 0.0 pips | 0.0 pips | 0.5 pips |
| Education | Excellent | Basic | Good | Basic |
| MT4 and MT5 | Both | Both | Both | MT5 only |
Join 10 million traders worldwide. Get $30 free — no deposit required. Trade forex, stocks, gold and crypto on MT4 and MT5.
Risk warning: 74–89% of retail investor accounts lose money. Bonus subject to terms and conditions.