To use the XM partner code, enter 274PQ in the partner code field when you register your XM account, then submit the form to finish opening the account. Adding this code links your profile to the partner program and makes you eligible for up to a 100% deposit bonus on qualifying deposits.
Detail | Information |
Partner code | 274PQ |
Benefit | Up to 100% deposit bonus |
Where to enter | Partner code field at registration |
Cost | Free |
Broker | XM (forex/CFD) |
Use this code: Enter partner code 274PQ in the partner code field while you are registering on the official XM website. Type it before you submit the sign-up form so your new account is linked from the start.
What exactly is the XM partner code?
The XM partner code is a short reference tag that connects your new trading account to a registered XM partner. In this case the code is 274PQ, and typing it during sign-up tells XM which partner introduced you. The code itself is not a password, a coupon you redeem later, or a login credential. It is simply an identifier that sits in one optional field on the registration form.
People often call it several different things: an XM partner code, an XM bonus code, an XM referral code, or an affiliate ID. Whatever name you see, they all point to the same idea — a way for the broker to recognise the relationship between you and the partner who pointed you toward XM. When you attach code 274PQ, you are grouped under that partner, which is the step that qualifies your account for the promotional deposit bonus XM offers to eligible new clients.
It helps to think of the code as a stamp you add once, at the very beginning. After you finish registering and the account is created, the code has already done its job. There is no ongoing action, no monthly renewal, and nothing you need to re-enter on future deposits. That is why entering it accurately the first time matters so much — the moment of registration is when the link is formed.
How do you use the XM partner code?
You use the XM partner code by typing 274PQ into the partner code field on the registration form before you submit it. The process is short, and if you follow it in order you will not miss the field. Here is the full sequence:
Open the official XM website. Go directly to XM's own site rather than clicking through unfamiliar pop-ups or messages. Look for the "Open an Account" or "Register" button, which usually appears in the top corner of the homepage.
Choose your account type. XM presents its live account options at the start. Pick the account that fits how you plan to trade — more on the specific types below.
Fill in your personal details. Enter your legal name, email address, country of residence, and phone number exactly as they appear on your identity documents. Accuracy here speeds up verification later.
Find the partner code field. As you move through the form, watch for a field labelled "partner code," "referral code," or something similar. It is optional, so it is easy to skip if you are rushing.
Type 274PQ. Enter the code exactly — two, seven, four, P, Q — with no spaces before or after it. Double-check the two letters at the end.
Complete the remaining steps. Set your platform and account currency, agree to the terms, and submit the form.
Verify your identity. Upload proof of identity and proof of address when prompted so your account becomes fully active.
The single most important part of this list is step five. If the partner code field is blank when you submit, the account is created without the partner link, and that link is what opens the door to the deposit bonus. Slow down at that field and confirm the characters before moving on.
Where do you enter code 274PQ?
You enter code 274PQ in the partner code field that appears on the XM registration form. This field is part of the sign-up flow, not something hidden in your dashboard after the account exists. Depending on the version of the form you see, the field may sit on the same page as your personal details or on a later step just before you agree to the terms.
Because the field is optional, some registrants breeze past it without noticing. Treat it as a required step for yourself even though the form marks it as optional. If you have already begun the form and cannot find the field, look for a small expandable section or a link labelled something like "Do you have a partner code?" — brokers sometimes tuck the box behind a toggle to keep the form tidy.
One thing to keep in mind: the reliable moment to attach the code is during registration. Rather than assuming you can add it afterward, make sure the code is in place before you submit. Entering it correctly the first time is the cleanest path, and it removes any uncertainty about whether the link was captured.
How does the up-to-100% deposit bonus work?
The up-to-100% deposit bonus works by adding credit to your trading account based on the amount you deposit, up to defined limits set by XM. In practical terms, a matched deposit means the broker tops up your account with bonus credit that increases the margin you can trade with. If your deposit qualifies for a 100% match, the credit equals your deposit amount within the promotional cap; smaller deposits above the cap are typically matched at a lower percentage tier.
Here is the essential distinction every trader should understand: the bonus is trading credit, not withdrawable cash. It boosts your usable margin so you can open or hold larger positions than your own deposit alone would support. It does not appear in your pocket as free money, and you cannot simply withdraw it. Think of it as extra staying power on the platform rather than a payout.
The bonus also behaves as a cushion that scales with your account. In many bonus structures, the credit adjusts in proportion to your balance — if you withdraw part of your own funds, a corresponding portion of the bonus credit may be removed as well. This is standard for credit-style bonuses and is worth expecting rather than being surprised by.
Because the exact percentages, caps, and rules can change and can differ by region, always read the current promotion terms on XM's own website before you deposit. The terms spell out the qualifying deposit amounts, the maximum bonus you can receive, whether the bonus converts based on traded volume, and how withdrawals interact with the credit. Treating the bonus as a tool to extend your margin — with a clear understanding that it is credit, not profit — is the healthiest way to approach it.
What are the key terms of the bonus credit?
The key terms of the bonus credit center on how it is granted, how it is used, and how it can be removed. While XM sets the definitive rules and can update them at any time, credit-style deposit bonuses in this category commonly share a handful of features. Knowing them in advance keeps your expectations realistic.
It is margin credit, not cash. The bonus increases the funds available for margin. It supports larger positions but is not a balance you can cash out on its own.
It has a cap. There is a ceiling on how much bonus you can receive, both per deposit and often as a running total across your account. Deposits above the first tier are usually matched at a reduced rate.
It is tied to your own funds. If you withdraw part of your deposited capital, an equivalent slice of the bonus credit is typically deducted at the same time.
It does not offset your losses. The credit is not a safety net. If your positions lose money, those losses come out of your real equity; the bonus does not reimburse them.
Eligibility can vary by region and account type. The promotion may not be available everywhere, and only certain account types qualify.
Read these points as a starting map, not the final word. The authoritative version lives in the promotion's terms and conditions on XM's site, and that document is what governs your specific account. Reviewing it before your first deposit takes a few minutes and prevents avoidable misunderstandings.
Which account types are eligible for the bonus?
Not every XM account type qualifies for the deposit bonus, so choosing the right one at sign-up matters. XM generally offers several live account tiers, and the deposit bonus is normally attached to the standard, entry-level style accounts rather than the raw-spread or zero-commission variants. The reason is straightforward: accounts built around ultra-tight spreads and commission-based pricing usually exclude bonuses by design.
When you reach the account-selection step, take a moment to compare the options. Standard-style accounts, often designed for the widest range of clients and smaller position sizes, are typically the ones eligible for promotional credit. Accounts marketed as ultra-low or zero spread tend to be bonus-excluded because their pricing model already passes savings to the trader in a different way.
If capturing the deposit bonus is a priority for you, select a bonus-eligible account type during registration and confirm its eligibility in XM's account comparison before funding it. You still enter partner code 274PQ regardless of the account you choose — the code links your profile in every case — but the bonus itself only activates on an eligible account. Pairing the correct account type with the partner code is what puts you in position to receive the credit.
Is the XM partner code free and safe?
Yes, the XM partner code is free to use and safe to enter. Using code 274PQ costs you nothing. It does not add fees to your trading, it does not change your spreads or commissions, and it does not obligate you to deposit any particular amount. You can register with the code and decide later how much, if anything, you want to fund.
The code is safe because it carries no access to your account. It is a one-way identifier: it tells XM which partner referred you, but it does not grant that partner any control over your funds, your trades, or your login. Your password, your money, and your trading decisions remain entirely yours. Partner codes are a standard, transparent part of how brokers track referrals across the industry.
That said, "safe code" is not the same as "risk-free trading." The code is harmless, but forex and CFD trading itself carries substantial risk, and the deposit bonus is credit rather than guaranteed profit. Keep those two ideas separate in your mind: entering 274PQ is a simple, no-cost administrative step, while the trading you do afterward requires the same caution any leveraged market demands.
What is XM as a broker?
XM is an established online broker offering forex and CFD trading across a broad range of markets. Clients can trade currency pairs, stock indices, commodities such as gold and oil, individual share CFDs, and other instruments, all from a single account. XM has built its reputation on accessible account types, multilingual support, and a large international client base built up over more than a decade of operation.
On regulation, XM operates through entities that hold licences from recognised financial authorities in the jurisdictions where it does business. Regulatory oversight is a meaningful factor when choosing any broker, because it sets standards for client fund handling and operational conduct. Before registering, confirm which XM entity serves your country and which regulator supervises it, since the specific entity determines the exact terms and protections that apply to you.
For platforms, XM supports the widely used MetaTrader 4 and MetaTrader 5 software, available on desktop, web browser, and mobile devices. These platforms are industry standards, familiar to most traders, and support charting, automated strategies, and a full order toolkit. XM also runs a loyalty program that rewards active traders on eligible accounts with points that can accumulate over time and convert into credits, giving consistent traders an additional ongoing benefit beyond the initial deposit bonus.
Taken together — a wide instrument list, regulated entities, standard MetaTrader platforms, and a loyalty scheme — XM positions itself as a full-service option for both newer and experienced traders. The partner code and deposit bonus are simply the on-ramp; the broader offering is what you engage with once your account is live.
Common mistakes to avoid
A few recurring errors stop people from getting the partner link and bonus they expected. Each one is easy to prevent once you know to watch for it.
Skipping the partner code field. Because the field is optional, the most common mistake is submitting the form without touching it. If the box is blank at submission, the account is created without the partner link. Always fill it in before you continue.
Mistyping the code. Entering 274PQ incorrectly — swapping a character, adding a space, or confusing the letters — breaks the link. Read it back one character at a time before submitting: 2, 7, 4, P, Q.
Choosing a bonus-excluded account. Selecting a raw-spread or zero-commission account when your goal was the deposit bonus means the credit never activates. Confirm the account type is bonus-eligible during selection.
Expecting to add the code later. The reliable moment is at registration. Do not assume you can attach it afterward; enter it correctly the first time so there is no doubt.
Treating the bonus as withdrawable cash. Planning to deposit and immediately pull out the bonus leads to disappointment. The credit supports margin and is not a cashable balance.
Depositing before reading the terms. Funding the account without checking the current promotion rules means you might miss a cap, a regional exclusion, or an eligibility condition. Read the terms on XM's site first.
Registering through unofficial links. Always begin on XM's own website. Starting from an unknown pop-up or forwarded link risks landing on the wrong page entirely.
Avoiding these seven pitfalls covers nearly every situation where a new client fails to get the outcome they wanted. The theme running through all of them is the same: slow down during registration and confirm each detail before you submit.
Frequently asked questions
Do I need the partner code to open an XM account? No. You can open an XM account without any partner code. However, entering 274PQ is what links your profile to the partner program and makes you eligible for the deposit bonus, so most people who want the promotion choose to include it.
Does the code cost me anything? No. The partner code is completely free. It does not add fees, change your spreads, or require a minimum deposit. You can register with the code and decide separately how much to fund.
Can I add the code after I finish registering? Enter the code during registration to be sure it is captured. Rather than relying on adding it later, type 274PQ in the partner code field before you submit the sign-up form so the link is in place from the start.
Is the deposit bonus real money I can withdraw? No. The bonus is trading credit that boosts your usable margin, not withdrawable cash. It helps you hold larger positions, but it does not offset losses and cannot simply be cashed out.
Which account should I pick to get the bonus? Choose a bonus-eligible account type, typically a standard-style live account rather than a raw-spread or zero-commission one. Confirm eligibility in XM's account comparison before you deposit, and enter 274PQ regardless of which account you select.
Is the bonus available everywhere? Not necessarily. Bonus availability and terms can vary by region and can change over time. Always verify the current promotion on XM's official website to confirm it is offered for your country and account type.
Conclusion
Using the XM partner code is a small step with a meaningful payoff: it links your account to the partner program and opens eligibility for up to a 100% deposit bonus. The whole action takes seconds — find the partner code field during sign-up, enter the code accurately, choose a bonus-eligible account, and finish registration. Get that one field right and you are set.
Ready to register? Open the official XM website, start the sign-up form, and enter partner code 274PQ in the partner code field before you submit. Type it carefully — 2, 7, 4, P, Q — so your new account is linked from the very beginning.
Risk disclaimer: Trading forex and CFDs carries a high level of risk and may not be suitable for all investors. The deposit bonus described here is trading credit, not withdrawable profit, and it does not offset or reimburse trading losses. The majority of retail investor accounts lose money when trading CFDs. This article is for general information only and is not financial, investment, or tax advice. Bonus availability, percentages, caps, and terms are set by XM, can change at any time, and may not be offered in all regions — always verify the current promotion and its conditions on XM's official website before depositing, and only trade with money you can afford to lose.