XM Partner Code PY8GQ: A Journalist's Fact Sheet on the Code
XM partner code PY8GQ gives a $30 No-Deposit Bonus, a 100% Deposit Bonus up to $10,500, and access to the 90% LOT rebate program. This piece works as a fact sheet: it sets out what the supplied material says about the code, where it is entered, what limits it, and which points are not stated.
The broker behind the code
XM is a retail forex and CFD broker operating since 2009. It describes itself as a global CFD and MT4/MT5 broker with over 15 million clients worldwide, split into several entities regulated by multiple authorities. Platforms offered are MetaTrader 4, MetaTrader 5, a proprietary web platform and a mobile app for Android and iOS. Instruments include currency pairs, indices, commodities, shares and crypto CFDs, all traded on margin.
The three benefits in plain terms
The code is listed with three separate benefits:
- A $30 no-deposit bonus, credited to the trading account balance as bonus credit.
- A 100% deposit bonus up to $10,500 in total bonus credit.
- The 90% LOT rebate program, which returns a share of spread or commission per standard lot. The rebate is volume-based and pays out whether a trade wins or loses.
The material does not give the exact volume needed to convert bonus credit into withdrawable funds, so the value of each benefit cannot be fixed from it alone.
Where the code is entered
The code belongs in the 'Partner Code' field inside the real-account registration form. On some forms it appears as an ID or referral field under an optional or 'additional information' toggle. The code can only be entered during registration. It cannot be added after the account has been created.
Steps in order
- Go to xm.com and start real-account registration.
- Enter your country of residence, trading platform choice and account type.
- Enter PY8GQ in the Partner Code field before submitting the form.
- Complete registration.
- Upload proof of identity and proof of address, then wait for XM approval.
- Once the account is validated, claim the offer from the card in the Members Area.
Terms that limit the offer
- The no-deposit bonus requires completed verification.
- Bonus credit is generally not withdrawable; only profits generated from trading it can be withdrawn.
- The offer is for new clients only, one per person and household.
- Availability varies by region and by the XM entity the client is onboarded under.
- EU and UK retail clients are generally ineligible. Some jurisdictions see a deposit-based welcome offer instead.
- There is a claim window after registration.
- Trading conditions apply to converting credit into withdrawable funds.
- Deposit bonus credit is reduced proportionally when you withdraw funds.
- Attaching a partner code does not add fees or spread markup to the account.
- The offer card in your own Members Area is the authoritative version.
Leveraged products carry a risk of losing deposited money, and that risk applies whatever the bonus.
What the material does not state
Several points are left open and should be checked on the live site before you rely on them:
- The exact volume requirements for converting bonus credit into withdrawable funds.
- The exact time limits and the length of the claim window for the no-deposit bonus.
- Which specific jurisdictions are eligible for each offer variant.
- The practical value of the rebate, which depends on instruments, account type and spreads.
The broker is not named against any competitors in the supplied material, so no comparison is made here.
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