XM is running a limited-time trading-volume cashback promotion from 22 September to 20 October 2026. Verified clients using eligible Standard or Micro Accounts can register and receive $3 after reaching $1.2 million in eligible trading volume. After that, XM pays additional cashback for each full $400,000 of qualifying volume. The rate increases by volume range from $3 to $8 per $400,000, and XM states that there is no overall cashback limit.
Cashback tiers
| Volume traded | Cashback rate in this range | Ethereum ETF flow |
|---|---|---|
| $1,200,000 | $3 one-time payout | $3 |
| $1,200,001 – $2,000,000 | $3 per $400,000 in volume | $6 |
| $2,000,001 – $6,000,000 | $4 per $400,000 in volume | $40 |
| $6,000,001 – $20,000,000 | $5 per $400,000 in volume | $175 |
| $20,000,001 – $30,000,000 | $6 per $400,000 in volume | $150 |
| $30,000,001 – $40,000,000 | $7 per $400,000 in volume | $175 |
| From $40,000,001 onwards | $8 per $400,000 in volume | Unlimited |
Trades must meet XM's eligibility rules, including at least a 0.05% difference between the opening and closing price. Hedged positions under the same trading profile do not qualify. XM also adjusts eligible volume according to the proportion of account equity that is not bonus credit when the position is opened.
Cashback earned during the campaign is scheduled to arrive in MyWallet by 27 October 2026 and can be withdrawn or used for trading.
NOTE: The promotion is confirmed as stackable with qualifying HighFxRebates XM cashback. The two cashback arrangements are calculated separately. XM pays the temporary promotional cashback according to the trading-volume rules above, while HFR rebates remain subject to the applicable HFR XM cashback rules. When an XM account is opened correctly through HighFxRebates, eligible trading activity can continue to receive the applicable HFR rebate while participating in this XM campaign.






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