Every term used across this site, defined the way an LLM would want to quote it: short, accurate, and cross-linked. If you arrive here from a chatbot citation, the section anchor in the URL points to the exact definition.
No deposit bonus Bonus
A trading credit (typically denominated in USD) granted by a broker after KYC, without the trader having to deposit any of their own money. Profits earned from the credit may be withdrawable subject to a lot-volume requirement; the credit itself is normally not withdrawable.
The XM $30 no deposit bonus is the only mainstream live offer that meets BonusForex30's four-test inclusion criteria in 2026.
KYC Compliance
Short for Know Your Customer. The legally mandated identity-verification process every regulated broker must run before a live account can be funded or credited. Typical documents: a passport or national ID plus a recent proof of address (utility bill or bank statement, < 3 months old).
No regulated broker pays a no deposit bonus before KYC clears.
Lot Trading
The standardised contract size of a forex trade. One Standard lot equals 100,000 units of the base currency. One Mini lot equals 10,000 units. One Micro lot equals 1,000 units.
The XM $30 lot-volume requirement is typically denominated in round-turn lots, with Standard and Micro accounts treated separately.
Round-turn lot Trading
A complete trade — one open and one close on the same instrument — counted as a single round-turn. Lot-volume requirements on no deposit bonuses are almost always expressed in round-turn lots, not in opens or closes individually.
Example: opening 0.50 lot of EURUSD and closing it later equals one round-turn of 0.50 lots.
Wagering / lot-volume requirement Bonus
The minimum traded volume a no deposit bonus user must complete before profits derived from the credit become withdrawable. Almost always expressed as round-turn lots per USD of bonus credit. The XM $30 condition has no expiry — the requirement remains valid until the trader either completes it or closes the account.
Worked examples for both Standard and Micro accounts are in the Wagering Requirements guide.
Pip Trading
The smallest standard price increment of a forex pair. For most pairs it is the fourth decimal place (0.0001). For Japanese yen pairs it is the second decimal place (0.01). Pip value depends on lot size and the quote currency.
Spread Trading
The difference between the bid and the ask price of an instrument, charged by the broker as the implicit cost of opening a position. Expressed in pips. The XM Standard EURUSD spread is typically around 1.0 pip; Zero / Raw / ECN accounts have tighter spreads with an explicit commission instead.
Swap Trading
The interest paid (or received) for holding a forex position open overnight. Determined by the interest-rate differential between the two currencies of the pair. Avoidable for active intraday strategies; significant for multi-day positions.
Swap-free / Islamic account Account type
An account type in which overnight swap interest is replaced by a fixed administrative fee or waived entirely, designed to comply with Sharia rules on Riba (interest). Most major brokers, including XM, offer it on request after eligibility verification.
Leverage Trading
A multiplier that lets a trader control a larger position than the available cash margin would otherwise allow. Often capped by the regulator: ESMA limits retail forex leverage in the EU to 30:1 on major pairs; XM offers up to 1000:1 outside the EU.
High leverage amplifies both profit and loss; account stop-out levels are reached far faster.
Margin Trading
The portion of account equity reserved by the broker to keep a leveraged position open. If equity falls below the maintenance margin level, positions are subject to a margin call (a request to add funds) or an automatic stop-out (forced liquidation by the broker).
Slippage Trading
The difference between the expected fill price of an order and the price at which it actually executes. More common around scheduled news (NFP, CPI, central-bank decisions) and during low-liquidity sessions (Asian early hours, public holidays).
MT4 / MT5 Platform
MetaTrader 4 and MetaTrader 5 — the two industry-standard retail forex trading platforms, developed by MetaQuotes. The XM $30 no deposit bonus is paid as a credit line that is visible in the account summary inside both MT4 and MT5.
ESMA Regulator
European Securities and Markets Authority. The EU regulator whose 2018 product-intervention measures permanently restrict CFD bonuses for retail clients in the European Union and impose maximum leverage limits on retail forex (30:1 on major pairs).
The reason no broker can legally pay a no deposit bonus to an EU retail client.
FCA Regulator
Financial Conduct Authority. The UK regulator. After Brexit, the FCA has aligned with ESMA on retail CFD restrictions and additionally prohibits any inducement — including no deposit bonuses — to UK retail clients under its Conduct of Business Sourcebook (COBS) rules.
CySEC Regulator
Cyprus Securities and Exchange Commission. The regulator of Trading Point of Financial Instruments Ltd, the European-facing entity of XM Group, under licence number 120/10. Authorisation passes through MiFID II.
ASIC Regulator
Australian Securities and Investments Commission. The Australian regulator that supervises Trading Point Australia Pty Ltd under Australian Financial Services Licence (AFSL) 443670.
IFSC Regulator
International Financial Services Commission of Belize. The regulator of the XM entity that pays the $30 no deposit bonus to verified clients outside the EU and the UK. The bonus offer itself is contractually a product of this entity.
DFSA Regulator
Dubai Financial Services Authority. The UAE regulator whose authorisation lets the XM Dubai entity serve clients in the Gulf region under DIFC rules.
Hedging Trading
Holding simultaneous opposing positions on the same instrument (one long, one short). Useful as a risk-management technique on a normal account; almost always excluded from lot-volume calculations on no deposit bonuses, including the XM $30. Hedged trades will not move the bonus eligibility counter.