An XM rebate is a cash refund paid to you for every lot you trade on your XM account. It does not come from a special deal on spreads, and it does not change how XM executes your orders. It comes from the partnership model that most retail brokers use to reward introducers.
This guide explains how the XM rebate program works, how much you can realistically get back, which accounts qualify, and the common mistakes that stop traders from being paid.
How XM rebates work
XM, like most large brokers, runs a partner (introducing broker, or IB) programme. When a trader opens an account through a partner’s referral link, XM pays that partner a share of the revenue the account generates from trading volume.
A rebate service such as PipRefund is that partner. Instead of keeping the whole commission, we pass most of it back to you. The flow looks like this:
- You open an XM account through our partner link.
- You trade as normal — same spreads, same platform, same execution.
- XM credits the partner with a commission based on your closed volume.
- We calculate your share and pay it to you weekly.
Because the rebate is funded by the partner’s commission, you do not pay anything extra to receive it. Your trading costs are identical to those of a trader who signed up directly — you just get part of them back.
How much is the XM rebate?
With PipRefund, an XM Standard account earns up to $15 per standard lot. That is the maximum rate; the actual amount can vary by instrument and by XM’s partner terms at the time.
Maximum rebate = standard lots traded × $15
A standard lot is 100,000 units of the base currency. Smaller positions count proportionally, so a 0.2-lot trade earns up to $3, and a 0.05-lot trade earns up to $0.75.
Worked examples (at the maximum rate)
| Trader profile | Lots per month | Monthly rebate (up to) | Yearly rebate (up to) |
|---|---|---|---|
| Occasional swing trader | 4 | $60 | $720 |
| Part-time day trader | 15 | $225 | $2,700 |
| Full-time intraday trader | 40 | $600 | $7,200 |
| High-volume trader | 120 | $1,800 | $21,600 |
You can plug in your own numbers with the rebate calculator.
Example: a month of EURUSD and gold
Suppose over one month you close:
- 30 EURUSD trades at 0.3 lot = 9 lots
- 10 GBPUSD trades at 0.5 lot = 5 lots
- 8 XAUUSD trades at 0.25 lot = 2 lots
That is 16 lots in total. At the maximum rate, the rebate would be up to $240 for the month. Note that partner rates on metals and other non-forex instruments may differ from forex majors, so the gold portion could earn less than the headline rate. See Gold Trading Rebates for more on metals.
Which XM accounts qualify?
PipRefund currently pays rebates on the XM Standard account at up to $15/lot. The Standard account is spread-based, which generates the partner revenue that funds the rebate.
XM also offers other account types, such as Micro and low-spread accounts. Their pricing and partner terms are different, so we don’t publish a rebate rate for them at the moment. If you plan to trade a different XM account type, message us before you open it so we can confirm what applies. Account features change over time, so check the latest conditions on the broker’s official website.
Rebates vs XM’s own promotions
XM is known for running its own promotions and loyalty schemes from time to time. These are separate from a partner rebate. Whether a given promotion can be combined with a rebate depends on XM’s current terms in your region, and the terms of promotions change often.
The practical difference:
- XM promotions are set by the broker, may have eligibility rules, and can change or end.
- A partner rebate is a straightforward cash amount per closed lot, paid weekly by the rebate service for as long as your account stays linked.
Always read the conditions of any promotion on XM’s official website before relying on it.
Common reasons a rebate is not paid
Most “missing rebate” cases come down to a handful of issues:
- The account was not opened through the partner link. Accounts opened directly on the XM website, or through another partner, are not linked to us.
- The account ID was never submitted. We match your volume using your trading account number. Send it through the sign-up form.
- Wrong account type. Only XM Standard is currently covered at up to $15/lot.
- Trading patterns excluded by the broker. Brokers generally exclude abusive patterns (for example, trades opened and closed within seconds purely to generate volume) from partner commission. Normal trading is not affected.
How to join the XM rebate program
- Go to our XM broker page for the current account-opening details.
- Register and choose the Standard account (MT4 or MT5).
- Complete XM’s identity verification and fund your account.
- Submit your trading account ID via the sign-up form.
- Trade as usual — rebates are calculated on closed lots and paid weekly.
For a shorter checklist, see How to Get XM Rebates. If you have questions before opening an account, message us on Telegram at @pip_refund.
Is XM the right broker for rebates?
The rebate should not be the only reason to pick a broker. XM is popular with beginners because of its small-lot account options and long track record, while other brokers may suit scalpers or high-volume traders better. In our programme, XM Standard (up to $15/lot) sits between Exness Standard (up to $14/lot) and Vantage Standard STP (up to $20/lot).
If you are undecided, read our XM vs Exness comparison and the full XM review.
A note on risk
Trading forex and CFDs carries a high risk of losing money, and most retail traders lose money. A rebate lowers your trading costs; it does not turn a losing strategy into a winning one. Never trade more than you otherwise would just to earn a bigger rebate.