XMTrading, an overseas FX company, offers a wide range of bonuses and has a cushion function, so we will introduce and explain how to deposit funds into your account in this article. It is a very popular FX company. Therefore, you can also create a strategy to trade using bonuses, so it is an FX company where many traders can create various strategies.
About the types and characteristics of XMTrading bonuses
XM’s bonus campaigns have three types: “account opening bonus,” “deposit bonus,” and “loyalty points.” The features of each are introduced in the following article, so please refer to it. Among overseas FX brokers such as axiory, fxpro, fxgt, and bigboss, XM is quite well-equipped. You can enjoy high leverage and unlimited trading. Even beginners can earn money by registering and starting with a limited 100% bonus from the page. Let’s start with 50,000 yen or 100,000 yen.
Handling bonuses
According to the latest information, once a bonus is granted, it can be used as credit or effective margin until the total balance is 100% wiped out. You can also enter lots and perform high leverage trades. By the way, bonuses and campaigns are always held on the official website. There are also limited-time luxury campaigns from time to time. You can receive it if you have a standard account or micro account.
There is also a point system
Cashback returns are also possible, and there are plenty of XMP benefits. These are points that are newly accumulated and added by trading. You can check it on the official website. Even if you have an unrealized loss on your position, you can always increase your effective margin by converting your points into cash and using them as margin.
About deposit bonus
You can apply for the deposit bonus up to the maximum amount you can receive and you can receive it as many times as you like. However, once you reach the maximum usage amount, you will no longer be able to receive it until it is reset. If it is completely reset, you will automatically receive the bonus service and it will be carried out again on your My Page account. There are also other considerable welcome bonuses and other bonuses that are available on an irregular basis. It is very safe to collect them all together. You can find out the details for free from the home page. If you wish to exchange it until the expiration date, you can easily apply for it yourself. There is no bonus from the beginning with the demo.
There is also an account opening bonus.
There is currently an account opening bonus, and cash is reflected in the account immediately, but you cannot receive it a second time. There is a deadline and it must be within 30 days, but if you receive it, you can use it for trading. These bonus selections do not apply to professional accounts and KIWAMI accounts. Please note that the bonuses and promotions offered for each account are different. Even the same service may not be eligible.
What is the cushion function?
Even if you lose all the money you deposited in the Forex company, there are companies that allow you to trade with just the bonus money. We call such a feature a cushion, and bonuses are usually counted as margin. Basically, you can not withdraw with the bonus alone, but if you use the bonus and make a profit, you can withdraw. Without the cushion function, no matter how large the bonus amount is, it is meaningless because the bonus cannot be used as trading funds. However, XM has a cushion function, so it is very convenient.
Without cushion function
Some FX companies do not have a cushion function. If the account is of a company that does not have a cushion function in the bonus, the margin = deposit amount only. In other words, if you lose all your deposits, no matter how big the bonus is, it doesn’t really mean anything. If the bonus has a cushion function, there will be a big difference in the margin that can be traded. From the user’s point of view, it can be said that whether the bonus money can be used as funds is quite large.
Handling the cushion function
Forex companies with a cushion function usually use the deposited amount as margin money. In other words, if you lose money, it will disappear first from the deposit amount. However, as I mentioned earlier, XM has a cushion function, so even if all the deposited amount disappears, if the bonus remains, you can trade even if there is no balance.
Advantages of the cushion function
There are many benefits to the cushion function. Use it well by combining it with various methods from the beginning. The deposit bonus is reset periodically, so be sure to check it. You can fight without margin calls, so you can fight until the contract is concluded. If you are starting a currency pair, it is recommended to start with a small amount. There are many products that you can invest in, so it is worth participating.
You can trade even if the balance is 0
The biggest advantage is that even if the balance disappears, you can continue trading as long as the bonus remains. Even if the balance is 0, it is possible to recover the loss by trading with the bonus.
Hard to lose money
If the bonus has a cushion function, you can get more margin than the funds, so you can afford to cut the loss. A loss cut is a system that prevents the expansion of losses. If you exceed a certain loss, the transaction will be forcibly terminated and it will prevent the loss from expanding beyond the margin.
Leverage goes up
If you can use the bonus as margin, you can trade with higher margin, higher margin maintenance rate, and higher leverage. XM Trading makes it possible to trade using bonuses.
Disadvantages of cushion function
Forex companies with a cushion function have more merits, but there are also more than a few demerits. In the following cases:
wide spread
Forex companies with substantial bonuses tend to have wide spreads. The bonus becomes a burden. Companies with a cushion function tend to set high spreads to secure that amount of profit.
Deposit amount has priority for loss
If a trading user makes a loss, it will be prioritized from the deposit amount. Therefore, the bonus is designed to be used only after all deposits have been lost.
Forex company with cushion function
Forex companies with a cushion function are famous companies as follows. And some companies do not have a cushion function. Which one is better depends on the user. Companies with cushioning have wider spreads, and companies without cushioning have narrower spreads.
| With cushion function | No cushion function |
| XM Trading | FBS |
| FXGT | HotForex |
| iFOREX | TradersTrust |
Always held at fxgt, bigboss, ironfx, easy markets, and gemforex. There are no bonuses in titanfx, axiory or exness. Also, traderstrust and FBS do not have a cushion function. HotForex (HFM) has recently been renewed and now has a cushion function.
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