receive cashback from XM (XMTrading): throughXM's official loyalty program (XM Points)andthrough external cashback sites (IB brokers). By utilizing high-return cashback services specifically for XM, such as Money Charger, you can receive cash back with every trade, significantly reducing the effective spread.
This article will provide a detailed explanation of the mechanisms, advantages, disadvantages, and safety aspects of each option, and introduce you to the best choice for your trading style
Contents
- 1 Do you have any of these problems?
- 2 Overview of the XM Trading Loyalty Program
- 3 How XM Cashback Works — Cash Rebates via External Websites
- 4 Safety and how to choose a cashback website
- 5 XM Cashback — Loyalty Program vs. External Sites: Which Should You Choose?
- 6 Advice on using XM cashback
- 7 Frequently Asked Questions (FAQ)
- 8 summary
Do you have any of these problems?
Traders who trade with XM often have the following questions and challenges:
- I don't really understand XM's cashback system, and I'm worried that I might be losing money
- I can't decide whether a loyalty program or a cashback site is more advantageous
- I'm worried about the security of cashback websites, so I can't bring myself to register
- I'd like to know if there's a way to receive both a bonus and cashback at the same time
- I want to reduce transaction costs, but I don't know how
Therefore, we will systematically organize the overall picture of XM cashback and answer these questions
Overview of the XM Trading Loyalty Program
XM Trading's loyalty program is an official points system offered by XM, where you automatically accumulate XM Points (XMP) simply by trading after opening an account. Even accounts opened through cashback sites via Money Charger will still receive XM Points through this loyalty program without any problems
The basic mechanism of a loyalty program
No special application or registration is required to participate in the loyalty program. After opening a real account with XM, making your first deposit to the eligible account, and holding a position for 5 minutes or more on your first trade before closing it, the program will be automatically activated
From this point onward, XM Points will be automatically awarded based on your trading volume. Accumulated XM Points can be exchanged for a "trading bonus" or "cash" at any time
Loyalty status and point accrual rate
The loyalty program has four status levels, and you will move up in rank based on the number of days you trade with the program
- Executive (initial rank): 10 XMP per lot
- Gold (trading period of 30 days or more): 13 XMP per lot
- Diamond (trading period of 60 days or more): 16 XMP per lot
- Elite (trading history of 100 days or more): 20 XMP per lot
Upon reaching Elite rank, you can exchange one lot of traded points for a bonus worth approximately $6.60. While it's also possible to exchange points for cash, the exchange rate will be lower than the bonus rate
Benefits of a loyalty program
- Automatic point accrual: No complicated registration process is required; points accumulate simply by making transactions.
- Bonuses can be used in conjunction: This bonus can be used in conjunction with XM's official promotions, such as account opening bonuses and deposit bonuses.
- Peace of mind: As it is an official XM service, it is highly secure.
- Recommended for: Beginners who want to actively utilize bonuses, or those who want to avoid special procedures.
How XM Cashback Works — Cash Rebates via External Websites
The XM cashback system works by having a cashback site enter into an IB (Introducing Broker) agreement with XM, and then returning a portion of the referral commission to traders in cash. Money Charger offers cashback specifically for XM, and you can receive your cashback with an industry-leading withdrawal speed of an average of 47 seconds
The specific process via the cashback site
- Register for free on a cashback site (such as Money Charger)
- Open an XM account through the website (additional accounts are also accepted)
- I will trade with XM as usual
- Cashback is automatically calculated for each transaction
- I will withdraw the accumulated cashback funds
Benefits of using cashback sites
- Reduced effective costs: Because you get cash back with every trade, you can effectively reduce the spread (cost).
- Long-term advantages: Traders with high trading volume will benefit more.
- Using XM Points in conjunction with other offers: XM Points (loyalty program) will be awarded without any problems even when using cashback sites.
- Recommended for: Those who prioritize cash back per trade over bonuses, and intermediate to advanced traders with high trading frequency.
Disadvantages and points to note when using cashback programs
When using cashback websites, please note the following points:
- Bonus exclusions: In most cases, cashback accounts are not eligible for official XM bonuses such as "account opening bonuses" or "deposit bonuses."
- Trades under 5 minutes are excluded: Trades with a position holding time of less than 5 minutes may not be eligible for cashback.
- Tax Complexity: Since the cashback received is treated as miscellaneous income, filing your tax return may become complicated. FX income is subject to a flat tax rate of 20.315% (total of income tax, local inhabitant tax, and reconstruction special income tax) on miscellaneous income.
- Site Selection: Since there is a possibility of malicious cashback sites existing, it is necessary to choose a reputable site with a proven track record when using one.
Safety and how to choose a cashback website
The safety of an XM cashback site can be judged by the operating company's track record, the speed of withdrawal processing, the number of users, and the number of years in operation. Choosing a reliable cashback site will not change the XM trading environment itself, and you can use it safely
Key points for identifying a safe cashback site
- Operating history: Check how many years it has been operating and how many registered users it has.
- Withdrawal History: The speed and stability of the process from withdrawal request to actual transfer are important.
- Minimum withdrawal amount: Sites that allow withdrawals in small amounts are more convenient.
- Number of supported brokers: A site that supports many brokers is an indicator of reliability.
- Customer Reviews & Reputation: Check out what actual traders are saying.
Features of major cashback websites
The following services are known as reliable sites that support XM's cashback program
- Money Charger offers high cashback specifically for XM, boasts an average withdrawal speed of 47 seconds, and supports small withdrawals starting from just 10 yen. It covers over 27 overseas forex brokers and is free to register and use.
- Tottori-sanpai — This site provides detailed information on cashback offers for overseas forex brokers and the cashback rates for various account types offered by XM.
- GemGemFX — We provide comprehensive information on overseas forex trading, including explanations of XM's cashback rates and auto-rebate system.
Why choose Money Charger?
| item | Content |
|---|---|
| Registration fee | free |
| Usage fee | 0 yen |
| Withdrawal speed | Average time: 47 seconds (fastest level in the industry) |
| Minimum withdrawal amount | Starting from 10 yen |
| Number of supported brokers | 27 or more companies |
| XM compatible account | Standard Micro Zero KIWAMI |
| Additional functions | CB Simulator EA/Copy Trading Ranking |
XM Cashback — Loyalty Program vs. External Sites: Which Should You Choose?
Whether you choose XM's official loyalty program or an external cashback site depends on your trading experience and style. In terms of security, both utilize legitimate systems, so there is no significant difference in risk if you choose a trustworthy site
Criteria for making a choice
The differences are summarized below for each item
- Reward methods: XM's official loyalty program offers points (exchangeable for bonuses or cash), while rewards received through cashback sites are cashback per trade.
- Official Bonuses: XM's official loyalty program offers account opening bonuses and deposit bonuses, but these are often not applicable when using cashback sites.
- Tax Filing: If you receive it as a bonus, it will generally be handled within your account, but cashback must be declared as income.
- Who is it suitable for? Beginners who want to take advantage of bonuses should use XM's official loyalty program, while intermediate and advanced traders who trade frequently and prioritize cost reduction should use cashback sites.
Zero Account and KIWAMI Extreme Account are more advantageous when using cashback websites
The Zero account is not eligible for bonuses and does not award XM points. Therefore, by opening an account through a cashback site, you can receive cashback per lot, effectively lowering your trading costs. For the same reason, using the KIWAMI account through a cashback site is also considered advantageous
Advice on using XM cashback
When using cashback sites, be sure to check the rules provided on the official XM website and choose a reliable, large-scale site. Below is a summary of advice based on trading experience
- If you don't already have an XM account: For first-time users, we recommend taking advantage of XM's official campaigns (such as a 15,000 yen account opening bonus) and using that bonus to experience trading. Since the bonus is received entirely within your XM account, it also minimizes the hassle of filing tax returns.
- If you already have an XM account: When opening an additional account, you can also create one through cashback sites such as Money Charger. Compare and consider your own trading style (whether you prioritize bonuses or costs).
- For frequent traders: Those who primarily engage in scalping or day trading will benefit greatly from the cashback. However, please note that trades settled within 5 minutes may not be eligible for cashback.
- For those who primarily engage in long-term trading: Since opportunities to receive cashback are limited, consider utilizing deposit bonuses when making your decision.
Furthermore, if you have any questions regarding taxes, we recommend consulting a tax professional. If you are unfamiliar with filing tax returns, it's a good idea to start by opening an account on the XM official website
Frequently Asked Questions (FAQ)
Q: Is XM's cashback site safe?
A: You can use it safely if you choose a reliable cashback site. Cashback sites have an IB (Introducing Broker) agreement with XM and operate on a legitimate commission system. It is important to choose a site with a proven track record and stable withdrawal speeds, like Money Charger
Q: Can I earn XM points through cashback sites?
A: Yes, you will earn points. Even if you open an account through a cashback site, you will still receive XM's loyalty program (XM Points) as usual. You can receive both cashback and XM Points
Q: Can I not receive XM bonuses with a cashback account?
A: In most cases, you won't receive account opening bonuses or deposit bonuses if you open an account through a cashback site. However, since Zero Accounts and KIWAMI Extreme Accounts are not eligible for bonuses in the first place, there are fewer disadvantages to using them through a cashback site
Q: Are there any fees for registering for or using Money Charger?
A: No, registering for Money Charger is free, and there are no usage fees. You can withdraw cashback starting from a minimum of 10 yen, and withdrawal processing is completed in an average of 47 seconds
Q: Can I receive cashback even with an additional account?
A: Yes, even if you already have an account with XM, you can open an additional account through a cashback site and receive cashback on trades made in that account
Q: I heard that transactions under 5 minutes are not eligible for cashback. Is that true?
A: Yes, many cashback sites do not offer cashback for trades where the position is held for less than 5 minutes. Those who engage in scalping should aim to hold their positions for at least 5 minutes
Q: Do I need to file a tax return for money received as a cashback?
A: Yes, the amount you receive as cashback will be treated as miscellaneous income and you may need to file a tax return. It will be taxed at a flat rate of 20.315% along with your FX profits. If you have any questions, please consult a tax accountant
Q: Which XM account type is best for cashback?
A: Since Zero Accounts and KIWAMI Extreme Accounts are not originally eligible for XM's official bonuses, using them through cashback sites is particularly advantageous. For Standard Accounts and Micro Accounts, the decision depends on whether you prioritize bonuses or cashback
summary
XM offers two ways to receive cashback: through its official loyalty program and through external cashback websites. For beginners, it's a good idea to first utilize XM's official bonus campaigns, and then consider using cashback websites once you've become more familiar with trading
Those who primarily use Zero Account or KIWAMI Extreme Account, as well as intermediate and advanced traders with high trading frequency, will particularly benefit greatly from cashback offers from cashback websites
Money Charger offers XM-specific cashback with free registration and no fees. With an average withdrawal speed of 47 seconds and support for small withdrawals starting from just 10 yen, you can start reducing your trading costs immediately. Register for free to see how much cashback you can receive on your own trading
