The XM partner code is X8M4V. Enter it at sign-up to be tracked to a specific XM partner and qualify for XM's 100% Deposit Bonus on your first funding of a live account, matched dollar-for-dollar up to a cap of USD 500 (or the currency equivalent), per XM's own Welcome Bonus terms and conditions.
The code doesn't change the offer itself. XM sets the bonus percentage, the $500 cap, and which account types qualify, currently Micro, Standard, and Executive live accounts. What the code changes is which introducing partner earns commission on your future trading activity, and in some cases, whether that partner layers an extra perk, such as a cashback rebate, on top of XM's standard terms.
How does the XM partner code X8M4V work?
Type X8M4V into the partner or referral code field during registration, complete identity verification, choose a live account type, and check the client area's deposit section for an active bonus toggle before you fund the account. Making your first deposit then triggers the matching credit, if the bonus is currently live for your entity and country.
What do you actually get?
A 100% credit added to your first deposit, capped at $500 per client. Deposit $200 and get $200 credited, for a $400 trading balance; deposit $800 and the credit still caps at $500, for a $1,300 balance. This credit is not withdrawable cash. It functions as added trading capacity and is generally removed once the positions it funded are closed, per XM's published terms.
Is the code still valid?
Partner codes don't expire like coupons. X8M4V keeps working at registration as long as the partner account behind it is active. Whether the bonus itself is currently offered depends on your country and which regulated XM entity your account sits under, since EU rules under CySEC restrict cash-like inducements for retail clients.
XM is the brand of the Trading Point group, regulated across entities by CySEC (licence 120/10), ASIC, DFSA, and offshore regulators including the FSC Belize and FSCA South Africa. Trading CFDs and forex carries high risk. Most retail accounts lose money, a deposit bonus doesn't change those odds, and you should only deposit funds you can afford to lose in full.
Full walkthrough: XM Partner Code "X8M4V": How to Get the 100% Deposit Bonus