How to Use XM Partner Code
The XM partner code is 274PQ. When you enter this code during account registration, XM activates a 100% deposit bonus that doubles your trading capital instantly. Deposit $100 and trade with $200. Deposit $1,000 and trade with $2,000. There are no changes to your spreads, execution, or leverage — the bonus is pure upside with zero cost. Below is the full process from registration to your first trade.
Open an XM account with partner code 274PQ
Finding the Partner Code Field
This is the step most people miss, because XM does not display the partner code field by default.
When you open the XM registration page, you will see the standard signup form asking for your email, country of residence, and password. At this stage, the partner code field is hidden. There is no visible text input for it. Instead, there is a small clickable line of text that reads “Do you have a partner code? Enter it here.” On some versions of the form, the wording may be slightly different, but the idea is the same — you have to click to reveal the field.
Click that text. A single input box appears below it. Type 274PQ in capital letters with no spaces. That is the entire process. Once the code is in the box, continue with the rest of the registration normally.
If you do not click the text, the field stays hidden and you register without a code. There is no warning, no popup, and no second chance. The form submits without the code and your account is created without the bonus attached. This is the single most common mistake new XM traders make, and it is completely avoidable if you know to look for the hidden field.
Completing Your Account Setup
After entering the partner code and submitting the registration form, XM sends a verification email. Click the link in that email to confirm your address and activate your account.
Log into the XM Members Area using your new credentials. You will be guided through a profile completion process that asks for your full legal name, date of birth, residential address, and phone number. Enter everything accurately because the next step is document verification, and your details must match the documents you submit.
Upload your identity verification document — this can be a passport, national ID card, or driver’s license. Then upload proof of address — a recent utility bill, bank statement, or government-issued document showing your name and current address dated within the last six months. XM’s verification team typically processes submissions within a few hours during business days. In some cases, it takes less than 30 minutes.
Once verified, your account is fully active. You now have access to the XM Members Area where you can manage your trading accounts, deposit and withdraw funds, access trading platforms, and view your bonus status.
Making Your First Deposit and Receiving the Bonus
With your account verified, the next step is funding.
XM supports a wide range of deposit methods. Bank wire transfers, credit and debit cards including Visa, Mastercard, and JCB, and e-wallets such as Skrill, Neteller, SticPay, and others are available depending on your country of residence. The minimum deposit is $5, which makes XM one of the most accessible brokers for traders starting with limited capital.
Most deposit methods are processed instantly. Bank wire transfers can take one to three business days, but card and e-wallet deposits land in your account within seconds. There are no deposit fees charged by XM — if your payment provider charges a fee, XM absorbs it.
The moment your deposit hits your trading account, the 100% bonus from XM partner code 274PQ is credited automatically. You will see it displayed as “credit” in your MetaTrader platform. Your real deposited funds appear as “balance” and the bonus appears as “credit.” Together, they form your total equity — the amount available for opening and maintaining positions.
There is nothing to claim, no button to press, and no support ticket to submit. The bonus simply appears. If it does not appear immediately, wait a few minutes and refresh your platform. In rare cases during high-traffic periods, it may take up to an hour.
How the Bonus Credit Works Inside Your Trading Account
Understanding the mechanics of the bonus credit will help you manage your account more effectively than most traders do.
Your MetaTrader terminal shows several key numbers — balance, credit, equity, margin, and free margin. The balance is your real money. The credit is the bonus from XM partner code 274PQ. Your equity is balance plus credit, adjusted for any open profit or loss. Free margin is how much equity you have available to open new positions.
When you open a trade, the margin required is calculated against your total equity, which includes both balance and credit. This means the bonus directly expands your capacity to open and hold positions. A $500 deposit with a $500 bonus gives you the margin capacity of a $1,000 account.
When you close a profitable trade, the profit is added to your balance — your real money. It is not added to the credit. This is critical to understand because it means every dollar of profit you generate is fully yours and fully withdrawable at any time.
When you close a losing trade, the loss is deducted from your balance first. The credit remains intact until your balance is fully depleted. This means the bonus effectively acts as a secondary safety net — your real money takes the hits first, and the credit is there as a last line of defense before a stop-out.
If you withdraw any of your deposited funds, XM reduces the bonus credit proportionally. Withdraw 50% of your deposit and 50% of your credit disappears. Withdraw everything and the credit drops to zero. The intelligent approach is to leave your original deposit untouched and withdraw only profits. This preserves the full bonus while allowing you to take money off the table whenever you want.
What the Bonus Does Not Do
Just as important as understanding what the bonus does is understanding what it does not do.
The bonus from XM partner code 274PQ does not change your spreads. Your bid-ask spread on EUR/USD, gold, or any other instrument is identical to what every other XM trader sees. There is no hidden markup, no widened spread, and no execution penalty. The bonus is funded entirely by XM’s partnership program, not by taking money from your trades.
The bonus does not restrict your trading style. Scalping is allowed. Hedging is allowed. Using Expert Advisors and automated trading systems is allowed. News trading is allowed. There are no limitations on how you trade, when you trade, or which instruments you trade.
The bonus does not limit your platform choices. It works on MetaTrader 4, MetaTrader 5, the XM web terminal, and the XM mobile app. The credit appears on whichever platform you log into because it is tied to your account, not to a specific software installation.
The bonus does not expire based on time. As long as your account remains active and you maintain your deposit, the credit stays in your account indefinitely. There is no 30-day countdown, no monthly renewal requirement, and no minimum trading volume to keep the bonus alive.
The bonus does not share your data with anyone. The partner who owns the code receives only your account number and aggregated trading volume statistics. Your name, contact information, balance, trades, and personal details are never disclosed to anyone outside of XM.
Why Double Capital Changes Everything for Small Accounts
The mathematical reality of trading with a small account is brutal. A $100 account at 1:100 leverage gives you control over $10,000 in notional value. That sounds like a lot until you realize that a single standard lot of EUR/USD requires $1,000 in margin. Your entire account can hold one micro lot comfortably, and a 100-pip adverse move costs you $10 — 10% of your account gone on a single trade.
The XM partner code 274PQ transforms that $100 into $200. Now you can hold two micro lots, or hold one micro lot with twice the drawdown capacity. A 100-pip adverse move still costs $10, but that is 5% of your total equity instead of 10%. Your account can absorb the pullback, survive, and potentially recover when the trade moves in your favor.
Scale this up to a $500 deposit becoming $1,000 in equity, or a $2,000 deposit becoming $4,000, and the impact becomes increasingly significant. At every level, the doubled capital provides more positions, more breathing room, and more time for your strategy to work.
This matters because the number one reason retail traders fail is not bad strategy — it is insufficient capital. They get the direction right but run out of margin before the trade reaches their target. They take good setups but cannot survive the natural drawdown that occurs before the move plays out. The 100% deposit bonus from XM partner code 274PQ directly addresses this problem by giving every trader twice the margin to work with.
How XM Compares on Execution and Regulation
The partner code is only valuable if the broker behind it delivers quality execution and operates under proper oversight. XM has been in business since 2009 and has built one of the strongest track records in the industry on both fronts.
On execution, XM reports that 99.35% of all orders are filled in under one second. There are no requotes under normal market conditions and no rejections. This matters enormously for traders who depend on precise entry and exit prices — especially scalpers and news traders where a few pips of slippage can turn a profitable trade into a losing one.
On regulation, XM holds licenses from five major financial authorities. The Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Dubai Financial Services Authority (DFSA), the Financial Sector Conduct Authority (FSCA) in South Africa, and the Financial Services Commission (FSC) in Belize and Mauritius. This multi-jurisdictional regulation means XM must maintain segregated client funds, comply with capital adequacy requirements, undergo regular audits, and operate transparently across all entities.
XM also offers zero-cut protection, which means your account balance can never go below zero. In extreme market conditions where price gaps through your stop loss, XM absorbs the negative balance and resets your account to zero. You never owe the broker money. This is not standard across all brokers and is an important safety feature, particularly during volatile events.
Client funds are held in segregated accounts at top-tier banks, separate from XM’s operating funds. Even in the unlikely event of company insolvency, client deposits are protected.
Four Account Types and Which One Fits You
XM offers four account types, and the 100% deposit bonus from partner code 274PQ works on all of them.
The Micro account is built for beginners and traders who want to test strategies with minimal risk. One lot on a Micro account equals 1,000 units of the base currency, compared to 100,000 units on a standard lot. This lets you trade with real money and real market conditions while keeping position sizes tiny. Spreads on the Micro account start from 1.0 pip on major pairs with no commission.
The Standard account is XM’s most popular option. One lot equals 100,000 units. Spreads start from 1.0 pip on majors with no commission. This is the go-to choice for most retail traders who want straightforward pricing without worrying about separate commission calculations.
The Ultra Low account offers tighter spreads than Standard — starting from 0.6 pips on EUR/USD — with no commission. This account is popular with traders who execute frequently and want reduced spread costs without dealing with a commission-based model.
The Zero account offers raw spreads starting from 0.0 pips with a small commission per lot. This is the preferred choice for experienced traders, scalpers, and those running automated strategies where the tightest possible spreads directly impact profitability. The commission structure is transparent and fixed, so you always know your exact cost per trade before entering a position.
Choosing between these four account types depends entirely on your trading style and preferences. If you are unsure, the Standard account is the safest starting point — it offers clean pricing with no commission calculations, and you can always open additional accounts with different types later.
All four account types support leverage up to 1:1000 depending on your regulatory entity and the instruments traded. All four are available on both MetaTrader 4 and MetaTrader 5. And all four receive the 100% deposit bonus when you register with XM partner code 274PQ.
Over 1,000 Instruments Across Every Major Market
XM provides access to more than 1,000 tradable instruments, and the bonus from partner code 274PQ works on every single one.
In forex, XM offers 55+ currency pairs spanning majors, minors, and exotics. EUR/USD, GBP/USD, USD/JPY, and AUD/USD are the most popular, but traders looking for higher volatility and wider moves can access pairs like USD/TRY, EUR/ZAR, and USD/MXN.
Gold and silver are among the most actively traded instruments on XM. Gold in particular benefits enormously from the doubled margin that the bonus provides, because gold positions require more margin per lot than most forex pairs. The extra cushion from the bonus lets traders hold gold positions through the wide intraday swings that this instrument is known for.
Index CFDs cover the world’s major stock markets — S&P 500, NASDAQ, Dow Jones, DAX, FTSE 100, Nikkei 225, ASX 200, and more. These instruments trend well and are popular with swing traders and position traders.
Energy CFDs include WTI and Brent crude oil as well as natural gas. Stock CFDs provide access to individual shares from US, UK, and European exchanges. Agricultural commodities round out the offering with cocoa, coffee, corn, wheat, cotton, and sugar.
This breadth of instruments means you are not limited to forex. The XM partner code bonus follows your account, not your instrument choice. Trade whatever the market gives you.
What Happens If You Registered Without the Code
If you already have an XM account created without a partner code, the bonus cannot be applied retroactively to that account. This is a firm policy and contacting support will not change it.
However, the workaround is simple. XM allows up to eight additional trading accounts under a single profile. Open a new account through your Members Area and enter 274PQ in the partner code field during creation. The new account will have the code linked and will receive the 100% deposit bonus when funded.
Transfer your existing balance to the new account using XM’s internal transfer feature. Transfers between your own accounts are instant and completely free. Your old account stays active with its full trade history, and you can keep using it if you wish. But going forward, any deposits into the new account earn the doubled bonus.
The entire process takes about two minutes and there is no reason not to do it.
Frequently Asked Questions
What is the XM partner code?
The XM partner code is 274PQ. It activates a 100% deposit bonus when entered during account registration.
Where is the partner code field on the registration form?
The field is hidden by default. Look for clickable text that says “Do you have a partner code? Enter it here.” Click it to reveal the input field, then type 274PQ.
Does the code change my spreads?
No. Your spreads, execution speed, and leverage are identical to any other XM account. The code only adds a deposit bonus.
Can I enter the code after registration?
No. The code must be entered during the initial registration process. However, existing XM traders can open an additional account and enter the code at that time.
What is the minimum deposit?
The minimum deposit on XM is $5. The 100% bonus applies regardless of deposit amount.
Can I withdraw the bonus?
The bonus credit cannot be withdrawn directly. However, all profits earned while trading with the bonus are fully withdrawable at any time.
What happens if I withdraw my deposit?
The bonus credit is reduced proportionally. Withdraw half your deposit and half your credit is removed. To preserve the full bonus, keep your original deposit intact and withdraw only profits.
Does the code work on all account types?
Yes. Micro, Standard, Ultra Low, and Zero accounts all receive the bonus when registered with code 274PQ.
Does it work on MetaTrader 4 and MetaTrader 5?
Yes. The bonus is tied to your account, not your platform. It appears on MT4, MT5, the XM web terminal, and the XM mobile app.
Is my personal information shared?
No. The partner receives only your account number and aggregated trading volume. Your name, email, balance, and individual trades are never disclosed.
Does the bonus expire?
No. The credit remains in your account indefinitely as long as your deposit is maintained and the account stays active.
Are EAs and automated trading allowed?
Yes. There are no restrictions on Expert Advisors, scalping, hedging, or any other trading style.
Does XM offer negative balance protection?
Yes. XM provides zero-cut protection on all accounts. Your balance can never go below zero regardless of market conditions.
Final Thought
XM partner code 274PQ doubles your deposit with a 100% bonus. It does not cost anything, does not change your trading conditions, and takes five seconds to enter during registration. The field is hidden by default — click the text to reveal it. Once entered, the code stays on your account permanently and the bonus activates with every qualifying deposit. It cannot be added later, so enter it when you register.
Open an XM account with partner code 274PQ
Risk Warning: Trading involves risk. Bonus terms apply.