XM Cashback

XM Cashback is one of the smartest ways to reduce your trading costs and increase your overall profitability. By simply trading as usual through a trusted IB, you can earn back a portion of your spread or commission on every trade.

Whether you’re a beginner or a seasoned trader, joining the XM Cashback program gives you a competitive edge in the markets by turning your trading volume into real cash rewards. In this article, let’s explore the details of XM Cashback with Backcom.

What is XM Cashback?

XM Cashback is a rebate program provided by XM through its network of Introducing Brokers (IBs), allowing traders to receive a portion of their trading costs back as real cash. These cashback rebates are calculated based on trading volume (usually in lots) and are credited back to the client’s account either daily, weekly, or monthly, depending on the IB’s policy.

This program acts as a cost-reduction mechanism, helping traders maximize long-term profitability. Instead of directly reducing spreads or commissions, XM cashback operates by refunding part of those costs after the trade is executed.

Advantages and Disadvantages of XM Cashback Program

The XM Cashback Program is designed to reward traders with a portion of their trading costs returned as rebates. While it can be a valuable tool for reducing trading expenses, understanding both its benefits and limitations is essential before participating. This section outlines the main advantages and disadvantages of the program to help traders make informed decisions.

Advantages of XM Cashback Program

• Reduced Trading Costs: The primary benefit of the XM Cashback Program is that it effectively lowers the cost of trading. By receiving a rebate for each lot traded, traders can offset spreads and commissions, which can significantly improve overall profitability, especially for high-frequency traders.
• Flexible Withdrawal Options: Rebates earned through the program can typically be withdrawn via multiple channels, including bank transfers, e-wallets like Skrill and Neteller, and in some cases, crypto wallets. This flexibility ensures that traders can access their funds conveniently.
• Incentive for Consistent Trading: The cashback program encourages consistent trading activity. Since rebates are calculated per lot traded, it rewards traders who maintain an active trading schedule without altering their normal strategies.
• No Impact on Trading Conditions: Joining the XM Cashback Program does not affect trading conditions such as spreads, execution speed, or leverage. Traders can continue using their preferred trading strategies without compromise.

Disadvantages of XM Cashback Program

1. Limited to Accounts Registered via IB: Only accounts registered through an Introducing Broker (IB) or partner participating in the cashback program are eligible. Traders with existing accounts outside this structure may need to open a new account to benefit.
2. Delayed Rebate Payments: While XM processes rebates regularly, there may be a delay between trading activity and actual rebate payment. Some traders may find the wait time inconvenient, especially for short-term trading strategies.
3. Minimum Withdrawal Thresholds: Rebates can only be withdrawn once they reach a certain minimum amount. Traders with smaller accounts or low trading volumes may experience slower accumulation of withdrawable funds.

Understanding these advantages and disadvantages helps traders weigh whether the XM Cashback Program aligns with their trading goals and strategies.

How XM Cashback Is Calculated

XM cashback is typically calculated based on a combination of trading volume and a fixed rebate rate per standard lot traded. Cashback can be earned either through XM’s official Loyalty Program (also known as XM Points or XM XMP) or via partner IB (Introducing Broker) rebate schemes. The method of calculation depends on the specific channel through which the cashback is offered, and understanding the XM cashback calculation is essential to accurately estimate your potential earnings.

Cashback Calculation via XM Loyalty Program

XM’s built-in loyalty system awards clients XM Points (XMPs) for every eligible trade. These points can be converted into real cash based on a fixed redemption formula.

XM Points (XMP) Accrual Formula:

XMP Earned = Trading Lots × Loyalty Tier Multiplier

There are four loyalty statuses:

• Executive: 10 XMP per lot
• Gold: 13 XMP per lot
• Diamond: 16 XMP per lot
• Elite: 20 XMP per lot

The actual number of XMPs earned depends on the tier the trader is currently in, which is determined by account activity and longevity.

Cash Conversion Formula

Cashback (USD) = XMP ÷ 3

This means 3 XMP equals $1 in real cash, which can be withdrawn or used as margin.

Example:

A Diamond-level trader who trades 50 standard lots would earn:

• XMP = 50 × 16 = 800 XMP
• Cashback = 800 ÷ 3 = $266.67

Note: XM points are only credited for positions held open for at least 10 minutes and only for Standard and Micro accounts (not Zero or Ultra Low).

Cashback Calculation via XM IB (Introducing Broker)

Many IBs offer fixed rebates per traded lot as cashback, independent of the Loyalty Program. The rebate rate and structure may vary depending on the IB and account type.

Common rebate ranges (based on 2024–2025 data from partner networks):

Account Type	Typical IB Rebate (USD/lot)
Standard Account	$5–$7 per lot
Micro Account	$0.05–$0.07 per micro lot
Zero Account	$2–$4 per lot

Cashback Formula via IB:

Cashback (USD) = Traded Lots × IB Rebate Rate

Example:

A trader executes 80 standard lots under an IB offering $6/lot.

• Cashback = 80 × $6 = $480

This amount is usually paid weekly or monthly, depending on the IB’s payout schedule.

Factors That Influence Cashback Calculation

Several elements can affect the final cashback amount:

• Minimum trade duration: XM requires trades to be open for at least 10 minutes to qualify for XMP.
• Instrument eligibility: Some instruments, especially CFDs on stocks or crypto, may not generate cashback or XMP.
• Account type: Only Standard and Micro accounts typically qualify for XMP; Zero and Ultra Low accounts may be excluded.
• Leverage and margin requirements: These don’t directly affect the cashback calculation but may impact trade sizes and frequency.

Understanding the calculation gives you a clearer picture of potential returns. Let’s now go through a step-by-step guide to help you claim XM Cashback quickly and correctly.

Step-by-Step Guide to Claiming XM Cashback

To ensure you receive cashback rebates from XM via a partnered IB, start with the XM cashback registration process by using the correct referral link and follow these steps:

Step 1: Choose a Reputable XM Cashback IB

To participate in the XM Cashback program, you must first select a trusted IB that partners with XM and offers cashback. Reputable IBs provide clear rebate rates, transparent terms, and reliable payment systems. Some of the well-known cashback IBs include:

• Cashbackforex
• PaybackFX
• PipRebate
• ForexRebateKing

Tip: Compare the cashback per lot, payout frequency, and support channels before deciding.

Step 2: Clear Cookies and Use a Fresh Browser Session

Before registering, clear your browser’s cookies or open an incognito/private window. This ensures that your registration will be correctly tracked under the IB’s referral link, making you eligible for cashback.

Step 3: Register a New XM Trading Account via the IB’s Referral Link

Click on the referral link provided by the IB and complete the XM registration form. Make sure:

• You use the exact link provided by the IB.
• You choose an eligible account type (Micro, Standard, or XM Ultra Low).
• You enter accurate personal and contact details.

Note: Existing XM accounts are generally not eligible unless transferred under special circumstances approved by XM.

Step 4: Verify Your XM Trading Account

To activate your account and begin trading, complete XM’s KYC (Know Your Customer) process:

• Upload a valid government-issued ID (passport, driver’s license, or national ID card).
• Provide proof of address (utility bill, bank statement, etc., dated within the last 6 months).

Once verified, your account will be fully functional for deposits, trading, and receiving cashback.

Step 5: Fund Your Account and Start Trading

Deposit funds into your XM account using your preferred payment method. XM supports various funding options such as:

• Bank transfer
• Credit/debit card
• Skrill, Neteller, and other e-wallets
• Local payment agents (depending on your country)

Once funded, start trading on eligible instruments. Your cashback will be calculated based on your closed trading volume (in lots).

Step 6: Monitor Your Cashback Earnings

After you begin trading, the IB will track your activity and credit cashback according to their schedule—daily, weekly, or monthly. Most IBs offer a dedicated dashboard or email notifications to help you monitor:

• Total traded lots
• Rebate rate per lot
• Total cashback earned
• Next payout date

Make sure to read your IB’s specific terms regarding payout minimums and supported withdrawal methods. Cashback funds are real money, not bonus credits, meaning they can be used freely or withdrawn without restrictions.

How to withdraw XM Rebate: A Step-by-Step Guide

Withdrawing your XM rebate is a straightforward process that allows you to convert your earned cashback into real, withdrawable funds. Here’s a comprehensive guide to help you navigate the withdrawal process.

Step 1: Log in to the XM Members Area

Begin by visiting the XM website and logging into the Members Area using your MT4/MT5 account credentials. This secure portal provides access to all account management functions, including fund withdrawals.

Step 2: Verify Your Cashback Balance

Before initiating a withdrawal, ensure that your rebate has been credited to your account. Cashback rebates are typically credited to your trading account or a designated cashback wallet, depending on how you registered (via an Introducing Broker or directly). You can view your available rebate balance under your account summary or through your IB dashboard if applicable.

Step 3: Navigate to the Withdrawal Section

Once your rebate is confirmed, go to the “Withdraw Funds” section within the Members Area. XM offers a variety of withdrawal options, including:

• Bank Transfer
• Credit/Debit Card
• Skrill
• Neteller
• SticPay
• Perfect Money
• Crypto Wallets (availability may vary by region)

Select the method that best suits your preferences and requirements.

Step 4: Enter Withdrawal Details

After choosing your preferred withdrawal method, you’ll need to provide the necessary details:

• Bank Transfer: Input your bank account information, including IBAN, SWIFT code, and account number.
• E-wallets: Provide your registered email address or account ID associated with the e-wallet.
• Credit/Debit Cards: Enter the card details as required.

Specify the amount you wish to withdraw, ensuring it meets any minimum withdrawal thresholds set by XM.

Step 5: Confirm and Submit Your Request

Review the entered information for accuracy. Some withdrawal methods may require additional verification steps, such as two-factor authentication or email confirmation. Complete any required verifications and submit your withdrawal request.

Step 6: Await Processing

XM processes most withdrawal requests within 24 hours on business days. However, the time it takes for the funds to appear in your account depends on the withdrawal method:

• E-wallets (e.g., Skrill, Neteller): Typically processed within 24 hours.
• Bank Transfers: 2–5 business days, depending on your country and banking provider.
• Credit/Debit Cards: Usually 2–5 business days, subject to card issuer policies.
• Crypto Wallets: Processing times vary based on network speed and wallet provider.

By following these steps, you can efficiently withdraw your XM rebate and enjoy the benefits of your trading activity. Once you know how to claim your rebates, the next thing to check is which XM account types are eligible for cashback rewards.

Which Types of XM Accounts Are Eligible for Cashback?

XM offers four primary account types: Micro, Standard, XM Ultra Low, and Shares accounts. However, not all of them are eligible for cashback.

Typically, the following accounts qualify for XM cashback when registered under an IB offering the program:

• Micro Account
• Standard Account
• XM Ultra Low Account

Note: Shares accounts are generally excluded due to their specific commission structure. Eligibility may vary depending on the IB’s partnership terms with XM, so traders should always confirm with the chosen IB before opening an account.

Knowing the eligible account types helps you determine where you stand. Let’s now examine how the XM Cashback mechanism actually works in practice.

How Does XM Cashback Work?

XM cashback is calculated based on the trading volume of completed positions. The more lots you trade, the higher your cashback earnings. Here’s how it generally works:

• Register via an XM IB: You must sign up for XM through a cashback IB.
• Trade Normally: You trade as you usually would.
• Cashback Crediting: The IB monitors your activity and rebates a percentage of your trading costs back to your account.

For example, a trader might receive $5 to $10 per lot, depending on the IB’s rebate structure and the type of account being used. Some IBs offer rebates even on losing trades, while others only rebate on closed profitable trades.

Grasping how cashback is calculated is essential to maximizing its value. Next, let’s look into the specific conditions you must meet to receive cashback from XM.

What Are the Conditions to Receive Cashback from XM?

To qualify for cashback under XM’s program via an IB, the following conditions typically apply:

• Account must be registered via a cashback IB link: XM will not recognize cashback rights if the account is not linked correctly.
• Minimum lot size requirements: Most IBs require at least 0.1 standard lots per trade to be eligible for cashback.
• Active trading: Some IBs have monthly activity rules (e.g., at least 1 trade/month) to maintain cashback eligibility.
• No internal transfers: Cashback generally applies only to newly deposited funds and externally funded accounts.

It’s essential to review the specific IB’s terms, as these conditions can vary.

Meeting these conditions ensures smooth and consistent cashback earnings. Next, let’s discover the key benefits that make XM Cashback a valuable program for traders.

What Are the Benefits of the XM Cashback Program?

Participating in the XM cashback program offers several strategic advantages:

• Reduced trading costs: Receive up to $10 per traded lot, helping improve profit margins.
• Works with all strategies: Cashback applies whether you win or lose a trade.
• Passive income stream: Rebates accumulate regardless of your trading outcome.
• Encourages disciplined trading: Some traders find it easier to maintain consistency knowing that every trade contributes to rebates.
• Enhances profitability: Over hundreds of trades, the accumulated cashback can significantly affect your net profitability.

These advantages make the program even more attractive. Now, discover some of the most reputable IBs currently offering XM Cashback with competitive rates.

Who Are the Most Reputable XM Cashback IBs Today?

Several Introducing Brokers have built strong reputations in the XM cashback space, offering transparent rebate structures, fast payments, and excellent support. Here are a few notable ones:

• Cashbackforex: Offers up to $7 per lot, known for timely rebates.
• PipRebate: Flexible payout methods and dedicated customer service.
• PayBackFX: Offers detailed analytics and multiple broker partnerships.
• ForexRebateKing: Focused on Asian traders with strong support in local languages.

Before selecting an IB, traders should evaluate:

• Cashback rate per lot
• Payment methods (Skrill, Neteller, bank transfer)
• Withdrawal terms
• Language support and user reviews

Compare XM Rebate Program with Other Platforms

When evaluating the XM Rebate Program against other forex rebate offerings, it’s essential to consider various factors such as rebate rates, payment frequency, eligibility requirements, and overall trader experience. Here’s a comparative overview to help you understand how XM stacks up against its competitors.

Feature	XM	Pepperstone	IC Markets	OANDA	Exness
Rebate Rate	Up to $25 per lot	Up to 25% on spreads	Up to $2.50 per lot	Up to 34%	Up to 50%
Payment Frequency	Daily	Monthly	Monthly	Monthly	Varies (manual activation)
Minimum Volume	None	$20 million	100 lots	N/A	N/A
Account Types	Micro, Standard, Share, Ultra-Low	Standard, Razor	Standard, Raw	Standard	Standard, Raw
Regulation	FSCA, IFSC, ASIC, CySEC, DFSA, FCA	ASIC, FCA	ASIC, CySEC	NFA, CFTC, FCA	CySEC, FCA

Summary:

• XM: Offers a straightforward rebate program with daily payouts and a low minimum deposit, making it accessible for traders of all levels.
• Pepperstone: Provides competitive rebate rates but requires meeting substantial monthly trading volumes.
• IC Markets: Suitable for traders who can meet the minimum lot requirements, offering rebates per lot traded.
• OANDA: Offers a high rebate rate through its Elite Trader program, ideal for high-volume traders.
• Exness: Provides high rebate rates but requires manual activation and may have varying payment frequencies.

Each broker has its unique advantages, and the best choice depends on your trading volume, preferred platforms, and eligibility for rebate programs. Consider your trading habits and requirements to select the most suitable rebate program for your needs.

How to Transfer IB to XM Rebate: A Step-by-Step Guide

Transferring your Introducing Broker (IB) code to start receiving XM rebates is a strategic move that can enhance your trading experience. This process ensures that your trading activities are linked to the desired IB, enabling you to benefit from their rebate programs.

Transfer IB to XM Rebate: A Step-by-Step Guide

Step 1: Log In to Your XM Member Area: 

• Begin by visiting the XM website and logging into your Member Area using your existing credentials. This secure portal allows you to manage your trading accounts and access various features.
• Within the Member Area, navigate to the option to “Open an Additional Trading Account.” XM permits each user to have multiple trading accounts under a single verified profile. This step is crucial for linking your new account to a different IB code.

Step 2: Register Using the New IB Code

• During the registration process for the new account, enter the IB code provided by your chosen Introducing Broker. Alternatively, you can use the IB’s referral link, which automatically embeds their IB code into your account setup. It’s important to note that once the account is created, the IB code cannot be changed.

Step 3: Verify the New Account

• Since your identity has already been verified on your main profile, most new accounts won’t require additional verification. However, if prompted, re-upload the necessary Know Your Customer (KYC) documents to activate the new account.

Step 4: Transfer Funds to the New Account

• If you have existing funds in your old account, you can initiate an internal transfer to your new account. XM offers instant, fee-free internal transfers between your own accounts. This step is optional but recommended to consolidate your trading capital.

Step 5: Start Trading and Receive Rebates

• Once your new account is funded and active, commence trading. Your new IB will automatically receive commissions, and if you’ve joined a cashback or rebate program, you’ll begin earning rebates on each lot traded. Rebates are typically paid weekly or monthly, depending on the partner’s terms.

Additional Considerations

• Minimum Withdrawal Amount: XM generally enforces a minimum withdrawal threshold (e.g., $5 or $10), depending on the method chosen.
• Rebate Eligibility: Ensure that your account was correctly linked through the XM cashback registration process with a qualified Introducing Broker or partner.
• Processing Fees: While XM does not charge internal withdrawal fees, third-party fees may apply, especially for bank transfers below $200.

By following these steps, you can effectively transfer your IB code to start receiving XM rebates, optimizing your trading experience.

FAQ – Frequently Asked Questions about XM Cashback

Can existing XM accounts receive cashback?

• No, typically only new accounts opened under a cashback IB link qualify. Some IBs offer procedures to link an existing account retroactively, but this depends on XM’s policy.

Is XM cashback taxable?

• This depends on your country of residence. While XM or the IB won’t withhold taxes, it’s the trader’s responsibility to report any additional income.

Are there any hidden fees with cashback programs?

• No, reputable IBs offer cashback with full transparency. Always read the terms before joining.

Can I use the XM bonus and cashback at the same time?

• Yes, but not all bonuses are compatible with cashback offers. Some bonuses may be removed once an account is linked to a cashback IB. Always confirm this with the IB in advance.

How is cashback paid out?

• Payments are typically made via electronic wallets (e.g., Skrill, Neteller) or directly to your bank or trading account depending on the IB’s payout methods and schedule.

Conclusion

The XM Cashback Program provides a powerful way to reduce trading expenses and boost profitability through rebates on every lot traded. By choosing a reputable IB and following the correct registration steps, traders can fully benefit from XM cashback while also exploring broader forex cashback opportunities available in the market. Start earning more from your trades open an XM account through a trusted cashback IB today and maximize your returns with reliable forex cashback.

Post Date: 30/06/2025