XM Refer a Friend: $80 for each friend who meets the trading requirements

XM pays you $80 for every friend who joins XM through your referral and meets the trading requirements on a real account. There is no cap, so ten qualifying friends would be worth $800. You share a personal link, code or QR code, and the reward is paid once each friend's trading conditions are met.

XM says more than 330,000 traders have invited friends, that more than $8.2 million has been earned in referral rewards, and that referrers come from 190 countries. The programme runs through XM Global Limited, regulated by the Financial Services Commission of Belize under licence 8557558.

What referrals can be worth

Qualifying friendsReward eachTotal
1$80$80
3$80$240
5$80$400
10$80$800

XM's public page does not print the exact trading requirement a friend must meet, only that the reward is paid once they meet it. The full terms sit behind the T&Cs link on the referral page and in your Members Area, so read them before you promise a friend anything.

What referrals can be worth. 1: $80: $80; 3: $80: $240; 5: $80: $400; 10: $80: $800
What referrals can be worth: the figures from this section at a glance.

How it works, step by step

  1. Log in to XM and copy your referral link, code or QR code.
  2. Your friend registers with it and opens a Real Account.
  3. They trade and meet XM's trading requirements.
  4. XM pays you $80 for that friend, and you can repeat with as many friends as you like.

How XM's referral compares

BrokerRewardLimit
XM$80 per qualifying friendUnlimited
AvaTrade10% of the friend's deposit, up to $250Unlimited
FP Markets$50 to $2003 a year
FXTMUp to $100 in Reward PointsUnlimited
Blueberry$50 to $300 by country5 referees

XM's flat $80 is simple: it doesn't depend on how much your friend deposits, only on them meeting the trading requirement. AvaTrade and FP Markets pay more for large deposits but less for small ones. Our referral bonus guide covers each in detail.

Sharing your link responsibly

Some regulators restrict how financial products are promoted, and a referral link is a promotion. Share it with people who have asked about trading, rather than posting it with promises of easy money. Never quote returns, and point people to the risk warning on XM's site.

Before you refer anyone

The reward depends on your friend trading, so the honest version of a referral is to send people who already intend to trade and understand the risk. Recruiting friends who would not otherwise trade leveraged CFDs, in the hope of collecting $80, is a poor trade: most retail CFD accounts lose money, and they would carry that risk, not you.

  • Refer people who have chosen XM for its trading conditions, not for your reward.
  • Point them to our XM review so they know the fees and the regulator.
  • Check that their country is served by XM Global Limited before they sign up.
XM does not provide services to citizens of the United States, Canada, Israel or Iran, and other restrictions apply by region. Referral rules can change, so confirm them in your Members Area.

XM's other offers are explained in our guides to the deposit bonus, the Traders Club and the best forex referral bonuses.

Key terms explained

  • Referral reward: a payment for introducing a new client, normally only once that client deposits and trades.
  • Trading volume: the value of the positions you trade, not the money in your account. A small account can build large volume with leverage.
  • Spread: the gap between the buy and sell price, and the main cost of a trade on commission-free accounts.
  • Credit (bonus credit): money the broker adds to your account as margin. It raises your equity but isn't yours to withdraw.

Who this offer suits

XM's referral suits clients who already know people choosing XM, and content creators who follow promotion rules carefully. It suits less anyone who would have to persuade friends to trade, given that most retail CFD accounts lose money.

Mistakes to avoid

The usual mistake is referring people who weren't planning to trade, in the hope of earning $80. If they lose money, that cost is theirs, and it can damage the friendship. Another is sharing the link publicly with claims about profits, which local rules on promoting financial products often don't allow. Forgetting to check whether your friend's country is served is the third.

Before you claim: a quick checklist

  • Copy your link, code or QR from the Members Area.
  • Confirm your friend's country is served by XM Global Limited.
  • Point them to XM's risk warning and our review.
  • Track each referral's status in your account.

Our verdict

XM's flat $80 per qualifying friend and unlimited referrals make it one of the simplest referral offers we cover. Use it for people who have already chosen XM, and keep any sharing honest about risk.

Frequently Asked Questions

How much does XM pay per referral?

$80 for each friend who joins through your link, code or QR code and meets XM's trading requirements on a real account.

Is there a limit on XM referrals?

No. XM says the rewards are unlimited, so you earn $80 for every qualifying friend.

When do I get paid?

Once your friend meets the trading requirements set out in XM's referral terms. Check your Members Area for the status of each referral.

Can my friend be anywhere?

Only where XM Global Limited provides services. XM excludes citizens of the United States, Canada, Israel and Iran, among others.

Can I refer family members to XM?

XM's public page doesn't exclude family, but the full terms may. Check the T&Cs in your Members Area, and make sure each person opens and trades their own account.

Does my friend get a bonus too?

XM's referral page describes the $80 paid to you. Your friend can still use any promotions XM offers new clients in their region, such as the deposit bonus.

Can I share my XM referral link on social media?

XM provides a link, code and QR code for sharing. Follow XM's terms and local rules on promoting financial products, and avoid promises about profits.

How quickly is the XM referral reward paid?

XM pays $80 once your friend meets the trading requirements set out in its referral terms. Track progress in your Members Area.

How many people have used XM's referral programme?

XM says more than 330,000 traders have invited friends and that more than $8.2 million has been earned in rewards.

Does the XM referral reward come as cash?

XM describes it as $80 earned when your friend meets the trading requirements; check your Members Area for how it is credited.

Can I refer a friend who already has an XM account?

Referral programmes are normally for new clients. Check XM's referral terms before you share your link.

How much has XM paid in referral rewards?

XM says more than $8.2 million has been earned in rewards by referrers.

How many countries do XM referrers come from?

XM says referrers come from 190 countries.

How we checked this page. Facts were checked on 6 October 2026 against XM's Refer a Friend page (xm.com/refer-a-friend); XM's promotions page (xm.com/promotions). Promotions change often and depend on where you live, so confirm the current terms in your client area before you deposit. Trading CFDs on margin carries a high risk of losing money.