The XM referral code is X8M4V. Enter it in the Partner Code or Referral Code field when you register a new XM account to activate the broker's 100% deposit bonus, which matches part of your first funded deposit with extra trading margin.
The code has to go in during registration itself. XM's sign-up form generally will not accept a partner code once your account already exists, so enter X8M4V before you submit, not after.
What does the XM referral code actually get you?
It routes your new account to a partner and unlocks XM's standing 100% deposit bonus offer. Based on how the promotion is publicly described, the full 100% match applies to an initial portion of your deposit, with a 50% match on further amounts up to a higher band, and a 20% match on amounts above that, up to an overall cap. Exact figures can vary by region, so confirm the terms shown in your own Member Area once your account is open.
How do I enter it?
Start a new registration, fill in the Partner Code or Referral Code field with X8M4V exactly as written, complete identity verification, then check the Promotions tab in your Member Area before you deposit. If it's listed there, the code and bonus were applied correctly.
Is it still valid?
Partner codes like this don't carry a fixed expiry date; they stay active while the partner account behind them remains live and XM's bonus programme is still running in your region. If the Promotions tab shows nothing after registering, contact XM support to confirm current availability for your account type and country.
What should you know before relying on it?
The bonus credits as trading margin, not as cash you can withdraw directly. It typically requires a set amount of trading volume before it converts or stays eligible, and profit earned while trading with it is usually what you can actually withdraw. Clients registered under XM's CySEC-regulated entity, covering most EU residents, are generally excluded from deposit bonuses under ESMA rules.
One plain risk line worth keeping in mind: extra margin from a bonus can encourage larger position sizes than your own capital would otherwise support, and trading forex and CFDs carries real risk of loss with or without a bonus attached. Only trade with money you can afford to lose, and read XM's full bonus terms in your Member Area before you fund the account.
If X8M4V ever stops working, the fix is straightforward: look up a current XM partner code and register fresh with that one, since the 100% deposit bonus itself is a standing XM promotion rather than something tied permanently to a single code.
Full walkthrough: XM Referral Code X8M4V: How to Claim the 100% Deposit Bonus