The XM referral code is 274PQ. Also known as the XM partner code, it activates a 100% deposit bonus that doubles your trading capital. Deposit $200, trade with $400. Deposit $1,000, trade with $2,000. All account types, all instruments, no spread changes. The code field is hidden on the registration form — you must click to reveal it. Currently active.

XM takes whatever you deposit and adds the same amount as bonus credit. Your equity doubles instantly.

$50 deposit = $50 bonus = $100 trading equity. $300 deposit = $300 bonus = $600 trading equity. $1,000 deposit = $1,000 bonus = $2,000 trading equity. $5,000 deposit = $5,000 bonus = $10,000 trading equity.

The bonus functions as margin. A $500 deposit with $500 bonus has the margin capacity of a $1,000 account — more positions, more drawdown tolerance, more room for trades to work. All profits go to your real balance and are withdrawable anytime.

The 100% bonus applies to every qualifying deposit, not just the first. Each time you add funds, XM matches them.

This is why most traders register on XM without the bonus.

The XM referral code field is not visible by default. On the registration form, you see email, country, password. No code field. There is a small clickable text — "Do you have a partner code? Enter it here" — that blends into the form. Most people never see it.

Click that text. A box appears. Type 274PQ. Two digits, one letter, one digit, one letter. Verify before submitting. Miss this step and the bonus is lost permanently — XM does not allow codes to be added after registration.

Go to XM. Click Register. Enter your email and country. Before going further, find and click "Do you have a partner code? Enter it here." Type 274PQ in the revealed field.

Complete the form. Set your password. Submit. Verify your email. Log into your Members Area. Fill in your profile — name, date of birth, address, phone.

Upload identity documents — passport or ID plus proof of address. XM usually verifies within hours. Choose your account type. Deposit minimum $5. No deposit fees — XM reimburses provider charges.

The 100% bonus credits the moment your deposit arrives.

Most exchange referral codes give 10-20% off trading fees. The XM referral code does something fundamentally different.

A 20% fee discount saves money gradually. $100 here, $200 there, accumulating over months.

The XM 100% bonus delivers $500 in extra margin the minute you deposit $500. That capital is working from trade one — absorbing drawdowns, supporting additional positions, extending your runway. Not earned over months but available instantly.

A $300 account survives differently than a $600 account. Price moves 40 pips against you. On $300: dangerous margin pressure, temptation to close at a loss. On $600: comfortable margin, you hold, price reverses, trade hits target. Same entry, same market, different outcome — because doubled capital absorbed the temporary pullback.

Your terminal shows two numbers. Balance: your real money. Credit: the bonus. Together they form Equity — which determines your available margin.

Winning trades add profit to Balance. Your money. Withdrawable.

Losing trades deduct from Balance first. Credit acts as a secondary buffer.

Withdrawing deposits shrinks the bonus proportionally. Pull out 50% of your deposit, 50% of the bonus disappears. The approach: keep deposits intact, withdraw only profits. Bonus stays at full size.

Micro: 1,000-unit lots. Spreads from 1.0 pip. No commission. Perfect for beginners — bonus doubles even a $5 deposit into a functional account.

Standard: 100,000-unit lots. Spreads from 1.0 pip. No commission. Most popular. Doubled capital supports real position sizing across multiple pairs.

Ultra Low: spreads from 0.6 pips. No commission. For active traders wanting tighter pricing with doubled margin behind it.

Zero: raw spreads from 0.0 pips with small commission. For scalpers needing tightest execution with maximum margin capacity.

The XM referral code 274PQ works on all four. Islamic (swap-free) available on every type — bonus applies fully with no restrictions.

55+ forex pairs covering majors, minors, exotics. Gold and silver — gold requires roughly double the margin of EUR/USD per lot, so the bonus is proportionally more impactful for gold traders. Index CFDs: S&P 500, NASDAQ, DAX, FTSE 100, Nikkei 225. Oil, natural gas. Stocks from US, UK, European exchanges. Commodities: cocoa, coffee, corn, wheat, cotton, sugar.

Bonus follows every instrument. Doubled capital works across every market.

Since 2009. 10M+ clients across 190 countries. Five regulators — ASIC (Australia), CySEC (Cyprus), DFSA (Dubai), FSCA (South Africa), FSC (Belize/Mauritius). 99.35% of orders execute under one second. Zero-cut protection. Segregated funds at top-tier banks. No deposit fees. 24/5 support in 30+ languages. Free webinars, tutorials, and daily market analysis.

Cannot apply retroactively. But XM allows up to 8 accounts per profile. Open a new one through Members Area — enter 274PQ in the partner code field. Transfer funds internally. Instant. Free. Old account stays active. Two minutes.

Not clicking the hidden text. The code field does not appear unless you click "Do you have a partner code? Enter it here." Always click.

Misspelling 274PQ. Verify every character.

Withdrawing deposits. Bonus shrinks 1:1. Withdraw profits only.

Wrong account for your level. Beginners: Micro or Standard. Bonus works on all.

274PQ. Also called the XM partner code. 100% deposit bonus that doubles your capital.

Yes. Same field, same function. XM calls it a partner code on the form. 274PQ works for both search terms.

Hidden. Click "Do you have a partner code? Enter it here" on the registration form to reveal it.

XM matches your deposit. Deposit $500, receive $500 bonus, trade with $1,000.

No. Identical conditions to any other XM account.

Not to existing accounts. Open a new one with 274PQ. Internal transfers are instant and free.

$5. Bonus applies to any amount.

Credit itself: no. All profits: yes, fully withdrawable anytime.

Yes. Full bonus, zero restrictions.

Yes. No restrictions on any trading style.

No. Currently active with no announced end date.

Yes. Every qualifying deposit receives the 100% match.

Yes. Each can have the code applied independently.