Who grants it? XM, a Cypriot Investment Firm (CIF), registered in the European Union and licensed by Cyprus Securities and Exchange Commission (CySEC). It also has set up units in the UK and Australia, which are duly licensed and authorized by the FCA and ASIC, respectively.
Who can get it? All new real account holders are entitled to get the $30 no-deposit bonus (Equivalent to: 25 EUR, 20 GBP, 25 CHF, 3000 JPY, 30 AUD, 1000 RUB, 100 PLN, 7000 HUF, 40 SGD, 347 ZAR)
What’s the catch? The bonus itself is non-withdrawable. Yet, profits derived from it may be withdrawn anytime, provided that the client has traded at least 10 micro lots (0.1 standard lots) and that at least 5 round turn trades have been completed.
Additional information on trading conditions: In order to open an account with XM, one has to deposit just $5. The broker offers leverage up to 1:888 and average spreads of 1.7 pips on EUR/USD (on its commission-free accounts) or 0.1 pips on EUR/USD with commission $5 (per side).