The XM partner code for 2026 is 274PQ. Enter it during registration on XM to unlock a 100% deposit bonus up to $500 on your first deposit. The code is free to use, applies to new accounts only, and is not available to clients registered under EU regulation.
What Is an XM Partner Code?
An XM partner code is a unique identifier entered during account registration that links your new account to a specific partner arrangement. When you enter one, two things happen: your account is associated with that partner, and any promotions tied to that partner are automatically applied.
It is not a voucher or coupon. It does not expire monthly, does not lock your account into restrictions beyond standard bonus terms, and costs nothing to use. You enter it once at registration and the benefits are applied. Leaving the field blank at signup means forfeiting the bonus with no upside whatsoever.
The code 274PQ is linked to the full XM welcome offer available to new clients in eligible regions.
What You Get With XM Partner Code 274PQ
The primary benefit is XM’s 100% deposit bonus on your first deposit, up to a maximum of $500. A $100 deposit receives $100 in bonus funds. A $500 deposit receives the full $500 bonus, bringing your total starting balance to $1,000.
The bonus funds are credited as trading credit rather than immediately withdrawable cash. They act as a buffer — absorbing drawdown before your deposited capital is affected, giving you more room to manage positions through adverse moves without triggering a margin call. Trading volume converts the bonus into withdrawable funds over time, with the conversion rate detailed in XM’s bonus terms.
The 100% deposit bonus is not available to clients registered under EU regulation. European regulators prohibit retail brokers from offering deposit bonuses to retail clients. All other XM features, instruments, and platforms remain fully accessible to EU clients.
How to Use the XM Partner Code 274PQ: Step by Step
Step 1 — Go to XM. Open the XM website. Click “Open a Real Account.” The partner code and deposit bonus apply to live accounts only — not demo accounts.
Step 2 — Select your account type. XM offers four account types. Micro and Standard accounts suit most new clients with a $5 minimum deposit and no commission. Ultra Low accounts offer tighter spreads from 0.6 pips with no commission and a $50 minimum deposit. The XM Zero account provides raw spreads from 0.0 pips with a $3.50 per side commission, designed for scalpers and algorithmic traders.
Step 3 — Fill in your details. Enter your full name, email address, country of residence, phone number, and date of birth. XM applies KYC requirements to all live accounts — you will need to provide a government-issued ID and proof of address at some stage before withdrawals are processed.
Step 4 — Enter the partner code 274PQ. Locate the field labelled “Partner Code,” “Referral Code,” or “Promo Code” on the registration form. Type 274PQ exactly. This is the step that links your account to the welcome bonus. It cannot be added retroactively in most cases once registration is submitted without it.
Step 5 — Verify your email. Submit the form. XM sends a confirmation email — click the verification link to activate your account.
Step 6 — Complete identity verification. Upload a government-issued ID and a recent proof of address. XM’s verification team reviews submissions typically within one business day. Completing this promptly removes any friction when you make your first withdrawal.
Step 7 — Deposit and claim the bonus. Go to the Funding section in your XM Members Area. Choose your deposit method — XM accepts Visa, Mastercard, bank wire, Skrill, Neteller, and a range of local payment methods depending on your country. Once the deposit is credited, the 100% matching bonus linked to 274PQ is applied automatically. It appears as trading credit in your account balance immediately.
About XM in 2026
XM was founded in 2009 and operates with over 15 million registered clients across more than 190 countries. It is one of the most established retail forex and CFD brokers globally, regulated across multiple jurisdictions and continuously operational through every major market volatility event of the past fifteen years.
Regulation
XM holds licences from CySEC in Cyprus, ASIC in Australia, IFSC in Belize, FSC in Mauritius, and DFSA in Dubai. Client funds are held in segregated accounts, separate from the company’s operational capital, and independently audited. EU clients under CySEC regulation are covered by the Investor Compensation Fund, which provides up to €20,000 per client in the event XM cannot meet its financial obligations. Australian clients under ASIC regulation benefit from equivalent investor protection frameworks.
XM does not operate a dealing desk model on standard accounts. Orders are executed electronically with no manual intervention and no conflict of interest from the broker taking the opposite side of client positions.
Account Types
The Micro Account is designed for new and smaller traders. Positions are sized in micro lots (1,000 units), making it possible to trade with minimal exposure. Minimum deposit is $5. Variable spreads start from around 1 pip on major pairs.
The Standard Account is the most widely used account at XM. It operates in standard lots but scales to micro and mini sizes through position management. Minimum deposit is $5. Same spread structure as Micro.
The Ultra Low Account offers tighter spreads starting from 0.6 pips on major pairs with no commission. Minimum deposit is $50. Best suited to traders who want competitive pricing without a per-lot commission calculation.
The XM Zero Account delivers raw interbank spreads from 0.0 pips with a commission of $3.50 per side per standard lot. Minimum deposit is $100. Designed for scalpers, high-frequency traders, and algorithmic strategies where spread cost directly determines profitability.
Leverage is available up to 1:1000 for non-EU clients, subject to jurisdiction. EU clients under ESMA rules are capped at 1:30 on major forex pairs and lower on other instruments.
Instruments
XM covers over 1,000 instruments across the following asset classes:
Forex covers 55+ currency pairs across all major, minor, and exotic pairings. Stock CFDs span over 1,200 individual companies listed on US, European, and Asian exchanges. Index CFDs include the S&P 500, NASDAQ 100, DAX, FTSE 100, Nikkei 225, and others. Commodities include gold, silver, WTI crude, Brent crude, natural gas, and agricultural products. Cryptocurrency CFDs cover Bitcoin, Ethereum, Litecoin, Ripple, and other major digital assets on eligible account types. Thematic indices track baskets of stocks within specific sectors such as technology, clean energy, and electric vehicles.
Trading Platforms
MetaTrader 4 is available on Windows, Mac, web browser, iOS, and Android. It remains the most widely used retail trading platform in the world due to its stability, its enormous library of third-party Expert Advisors and custom indicators, and its familiarity across a generation of forex traders. MQL4 is the language used to build automated strategies on MT4, with extensive documentation and community support available.
MetaTrader 5 adds capabilities MT4 lacks: additional timeframes, more order types including buy-stop-limit and sell-stop-limit, integrated economic calendar, depth of market functionality, and broader asset class support. MQL5 is more powerful than MQL4 but has a steeper development learning curve. MT5 is available across the same desktop, web, and mobile channels as MT4.
XM App is XM’s proprietary mobile application for iOS and Android. It provides the full instrument range, account management, and deposit and withdrawal processing in a mobile-native interface. For traders who operate primarily from mobile devices, it delivers a cleaner experience than the MT4 and MT5 mobile apps.
Ongoing Promotions and Benefits at XM
Loyalty Programme
XM credits loyalty points to clients based on trading volume. Points accumulate with every lot traded on eligible instruments and account types. Accumulated points convert into trading credit or cash bonuses depending on jurisdiction. The programme effectively provides a rebate on transaction costs for high-volume traders who maintain consistent activity over time.
Free VPS Hosting
XM provides free Virtual Private Server hosting to clients who meet a minimum monthly trading volume. A VPS allows algorithmic traders to run Expert Advisors continuously without requiring a personal computer to remain online. Commercial VPS services with comparable specifications cost $20–$50 per month — XM’s free VPS represents a direct cost saving for qualifying algo traders.
Daily Market Research and Analysis
XM publishes daily and intraday market analysis covering forex, commodities, equities, and macroeconomic events. Coverage includes technical breakdowns, previews of major economic releases, and post-event assessments. The research is produced by XM’s internal analyst team and is available to all registered clients at no charge.
Webinars and Education
XM hosts live trading webinars daily in more than 30 languages, covering everything from basic forex fundamentals to advanced technical analysis and strategy. The depth and multilingual breadth of XM’s education programme is among the best offered by any retail broker globally and is available to clients across all account types.
Islamic Swap-Free Accounts
XM offers swap-free Islamic accounts for clients whose faith prohibits the payment or receipt of interest. On standard accounts, positions held overnight attract a swap charge based on interest rate differentials. The Islamic account replaces this mechanism with an alternative fee structure compliant with Sharia principles. Islamic account status is available on request through client support or as a registration option where available, at no additional charge.
Deposits and Withdrawals
XM accepts Visa, Mastercard, bank wire transfers, Skrill, Neteller, and a range of localised payment methods varying by country. XM does not charge deposit or withdrawal fees on the majority of methods. Bank wire withdrawals for amounts below a set threshold may attract a processing fee due to the fixed cost of international transfers.
Withdrawals are processed within 24 hours on business days. Card withdrawals are returned to the originating card in line with standard anti-money laundering requirements. E-wallet withdrawals are typically the fastest option for clients who need access to funds quickly.
Frequently Asked Questions About XM Partner Code 274PQ
What is the XM partner code for 2026? The XM partner code for 2026 is 274PQ. Entering it at registration activates a 100% deposit bonus up to $500 on your first deposit. Available to new clients in non-EU jurisdictions.
Where do I enter the XM partner code 274PQ? In the field labelled “Partner Code,” “Referral Code,” or “Promo Code” on the live account registration form. Enter 274PQ before submitting — it generally cannot be added after registration is complete.
Is the bonus available to EU clients? No. EU regulatory rules prohibit retail brokers from offering deposit bonuses to retail clients. Clients registering under XM’s CySEC entity are not eligible for the bonus. All trading instruments, platforms, and account types remain fully accessible.
Can the bonus be withdrawn immediately? No. The bonus is credited as trading credit and requires a specified volume of trading activity to convert into withdrawable cash. The conversion rate is detailed in XM’s current bonus terms.
What account type should I open? New traders unfamiliar with leverage and position sizing should start with the Micro or Standard account. Traders comfortable with execution costs and spread dynamics who want tighter pricing should consider the Ultra Low. Scalpers and algorithmic traders should look at the XM Zero account.
Does XM offer a demo account? Yes. XM demo accounts are available without a deposit, replicate live market conditions, and have no time limit. They are useful for testing strategies and learning the platform before trading real capital.
What leverage is available on XM? Non-EU clients can access up to 1:1000 leverage on forex pairs, subject to jurisdiction. EU clients are capped at 1:30 on major pairs and lower ratios on other instruments under ESMA regulation.
Is XM regulated? XM holds regulatory licences from CySEC, ASIC, IFSC, FSC, and DFSA. Client funds are segregated. EU clients are covered by the Investor Compensation Fund up to €20,000.
Does XM have an Islamic account? Yes. Swap-free Islamic accounts are available on request for clients requiring Sharia-compliant trading conditions. No additional cost and no restriction on instruments or account types.
How do I reach XM support? XM provides 24/5 multilingual support via live chat, email, and phone in over 30 languages. Live chat is available directly from the XM website and Members Area.
Register on XM, enter partner code 274PQ, and claim your 100% deposit bonus up to $500 from your first deposit.
Trading forex and CFDs carries significant risk of loss. Losses can exceed deposits. The XM partner code 274PQ and all associated offers are subject to XM’s Terms and Conditions. Not available to EU-regulated clients. 18+ only.
