XM cashback: how to get money back on every gold lot

If you trade gold with XM, you pay a cost on every single lot. Most traders never think about it. XM cashback gives part of that cost back to you, lot after lot. In this post I will show you what you are paying now, what you are missing, and how to fix it in a few minutes.

What you pay on every gold trade

Every time you open a trade, you pay the spread. That is the gap between the buy price and the sell price. On gold, one standard lot is 100 ounces. So a spread of 30 cents costs you $30 on one lot, before the price has moved at all.

Spreads on gold are floating. They change through the day and can get much wider around big news or when the market is quiet. On XM, the Standard account has wider gold spreads than the Ultra Low account. Neither of them charges a separate commission on gold. The cost is built into the spread.

One trade does not feel like much. But if you trade gold every week, these costs add up quietly. Over a year they can be one of your biggest expenses.

How XM cashback works with Kyri Wealth

Kyri Wealth is not a broker. We never hold your money and you never deposit with us. You open your account directly with XM, and your money stays with XM.

The difference is that your account is registered with Kyri Wealth. That means you get cashback of up to $10 per gold lot, depending on broker and account. You trade exactly the same way, on the same platform, with the same spreads. You simply get money back that you would not get otherwise.

You also get two more things at no cost:

• Free gold signals, so you can see how I read the market.
• One to one help from me on WhatsApp, from opening your account to your first trades.

Which XM account is best for gold?

Most traders in Asia and Africa will choose between two accounts:

• Standard account. Simple to use, low minimum deposit, wider spreads.
• Ultra Low account. Same low minimum deposit, tighter spreads, no commission.

Both have a Micro option for smaller trade sizes. If you trade gold often, the account type matters, because a tighter spread means you lose less on every entry. The cashback you get can also be different from one account type to another. If you are not sure which one fits you, ask me before you open. That is what I am here for.

Is XM regulated?

XM is run by a group of companies, each with its own licence. These include CySEC in Cyprus, the FSCA in South Africa, the FSC in Belize and Mauritius, and the FSA in Seychelles. Which company you sign up with depends on where you live. Traders in most of Asia and Africa usually join one of the international companies, not the European one. That affects your protections and your leverage, so always read which company your account is with before you deposit.

What you are missing out on

Here is the simple maths. Say you trade 20 gold lots a month. With cashback of up to $10 per gold lot, depending on broker and account, that could be up to $200 a month back to you. Over a year, it could be up to $2,400.

If you trade with XM today without cashback, that money is not coming back to you. Nothing about your trading changes when you claim it. The only thing that changes is that you stop leaving it on the table.

Cashback does not make a losing trade a winner. It does not replace good risk management. It just lowers your cost of trading, and lower costs are one of the few things in trading you can control.

How to get XM cashback in three steps

1. Register for free at kyriwealth.com/register and choose XM.
2. Open your XM account using the same email you registered with.
3. Trade as normal. Your cashback is credited once your account is registered with Kyri Wealth and verified.

Want to compare first? See how XM sits next to Vantage and STARTRADER on our broker comparison page. Reading in Vietnamese? Visit kyriwealth.com/vi.

Already trading with XM?

Register anyway and tick that you already have an account. I will message you on WhatsApp and check what we can do for you.

If you run a trading group or teach traders, you can earn too. See the partner programme. No minimums, and you are paid from your first client.

Stop paying full price on every gold lot. Register for XM cashback at kyriwealth.com/register.

Educational only. Not financial advice. Trading carries high risk.