XM Unlimited Cashback Promo 2026 — Both Rounds Have Ended: Real Payout, and What Pays Every Day
Update 21 October 2026: The second round of XM's Unlimited Cashback promotion (22 September – 20 October 2026) has ended. It counted every asset and Copy Trading, but cashback only unlocked once trading volume reached $1.2 million, rose with every additional $400,000, and is paid after the promotion closes. The first round (7 April – 7 May 2026) paid $2 to $7 per lot on metals and Bitcoin from the third lot onward. As of 21 October 2026, XM has not announced another round. If you want cashback that does not depend on a volume milestone or a promo window, an account under official XM partner code CBT90 pays $9 per lot on Gold, from 0.01 lot, the next day, all year.
What was the XM Unlimited Cashback Promo 2026?
Officially named the "Global Cashback Promotion April 2026" in XM's terms and conditions, it was XM's third client promotion of 2026. The press release (7 April 2026) described it as rewarding traders with "up to $7 back for every lot traded" and the option to "unlock an unlimited amount of cash" — unlimited meaning there was no cap on the number of winners or on the total cashback, not that every lot paid $7.
The rules that mattered, taken from the official terms:
- Period: 7 April – 7 May 2026. Latest date to enter: 7 May 2026.
- Who: verified clients with an XM Standard or Micro real account. Not available to accounts under XM's EU entity; other regions could be excluded.
- Which markets counted: Gold, Silver, Platinum, Palladium and BTCUSD / BTCEUR / BTCJPY / BTCGBP only. Forex pairs did not count. (UK residents: Bitcoin excluded.)
- Trade conditions: only round-turn trades with at least 20 pips between open and close counted; hedged orders did not count; lots opened with bonus-funded margin were reduced proportionally (the "credit over equity" rule).
- Payout: cashback was added as balance in MyWallet after the promotion ended (winners notified within one week after 7 May); XM stated it was fully withdrawable.
Is the XM Unlimited Cashback Promo still running? (Round 22 Sep – 20 Oct 2026 has ended)
No — the second round ended on 20 October 2026. XM announced it on 23 September 2026 and ran it from 22 September to 20 October 2026, redesigned from the April round:
- Who: verified XM Standard, Micro, Investor or Strategy Manager accounts. Not available under XM's EU entity; specific regions could be excluded.
- What counted: every traded asset, including all trades on the XM Copy Trading platform (the April round counted metals and Bitcoin only).
- How it unlocked: cashback started once qualifying trading volume reached $1.2 million, with additional cashback for every further $400,000. No cap on the total.
- When it's paid: XM said rewards are credited at the end of the promotion and can be traded or withdrawn. If you registered and crossed a milestone, check your XM Members Area, or ask XM support about timing.
- Joining: registration was required during the period — it is now closed.
XM's announcement did not state the cashback amount per milestone, so we do not quote one. What the round made clear: it rewarded volume milestones, not each lot, and nothing was earned below $1.2 million of volume. The April round, described below, has also ended; its per-lot table is kept here because it is the only published pay-out data for this promotion series. As of 21 October 2026, XM has not announced a new round — XM's Promotions page is the place to check.
How much did the promo actually pay per lot?
The headline "$7 per lot" was the top tier. The rate was set by your total eligible volume during the 30-day window, and it stepped up only for the lots inside each band:
| Eligible lots traded (7 Apr – 7 May 2026) | Cashback / lot |
|---|---|
| Lots 1 – 2 | $0 |
| Lots 3 – 5 | $2 |
| Lots 6 – 15 | $3 |
| Lots 16 – 50 | $4 |
| Lots 51 – 100 | $5 |
| Lots 101 – 200 | $6 |
| Lots 201 + | $7 |
XM's own worked examples in the terms: 6 lots in the month = 2 × $0 + 3 × $2 + 1 × $3 = $9. 20 lots = 2 × $0 + 3 × $2 + 10 × $3 + 5 × $4 = $56. To average even $5 per lot you needed to trade well over 100 lots of metals or Bitcoin inside the window.
XM promo cashback vs. partner cashback (code CBT90)
Both are called "cashback" and both land in your XM MyWallet, but they are different products. The promo was a one-month marketing campaign funded by XM. Partner cashback is a permanent share of the commission XM already pays to the partner your account is registered under — with CashBackXM, that share is returned to you on every trade.
| XM Unlimited Cashback Promo (April 2026 terms) | CashBackXM (code CBT90) | |
|---|---|---|
| Availability | April round ended 7 May · second round (22 Sep – 20 Oct 2026, volume milestones, paid at end) also ended | Every day, no end date |
| Gold cashback | $2 – $7 per lot, by monthly volume | $9 per lot (Standard), flat |
| Starts counting from | Your 3rd lot (first 2 lots pay $0) | 0.01 lot — from the first trade |
| Markets | Metals + Bitcoin CFDs only | Gold, Forex pairs, Bitcoin — full rate table |
| Account types | Standard, Micro | Standard and Ultra Low |
| Trade conditions | ≥ 20 pips, no hedges, bonus-margin reduced | None — every closed order counts |
| Paid | After the promo closed | Next day, after each order closes |
| Cap | Unlimited | Unlimited |
| How to join | Opt in during the promo window | Enter CBT90 once when opening the account |
Same 20 lots of Gold — what each one pays
Take XM's own example volume, 20 lots of Gold in a month, on a Standard account:
- Unlimited Cashback Promo: $56 (XM's calculation), paid once, after 7 May 2026.
- Partner code CBT90: 20 × $9 = $180, credited day by day as each order closes — and again next month, and the month after.
At 6 lots the gap is $9 vs $54. The promo only approached partner-cashback levels for traders doing hundreds of lots of metals inside a single month, and even then it stopped on 7 May.
Can you receive an XM promo and partner cashback at the same time?
They are two separate flows of money: a promo is paid by XM's marketing budget under that promo's terms, while partner cashback comes out of the partner commission on your account. The April 2026 terms contained no clause excluding accounts registered under a partner code, and the partner code does not change your spreads or account type. That said, every XM promotion has its own terms and XM can amend them — so before counting on both for a current promotion, check its T&C or ask XM support. What is always true: the cashback from code CBT90 keeps arriving whether or not a promotion is running.
How to get cashback every day, promo or no promo
- Open an XM trading account (or add one from your existing Members Area with "+ Add Account") and enter CBT90 in the Partner Code field. Step-by-step guide →
- Trade as you normally do. Cashback is calculated on every closed order and credited to your XM MyWallet the next day.
- Keep an eye on XM's Promotions page — when the next campaign appears, join it on the same account. Partner cashback continues underneath.
CashBackXM is an independent cashback service and an official XM partner (code CBT90). We are not XM and never hold your funds; XM credits the cashback directly to your own MyWallet. Trading CFDs on leverage carries a high risk of loss. Cashback lowers your cost per lot but does not change the risk of any trade.
The promo ended. The cashback doesn't have to.
Open your XM account with official XM partner code CBT90 — $9/lot on Gold, every trade, every day.
XM Unlimited Cashback Promo — questions traders ask
Is the XM Unlimited Cashback Promo 2026 still available?
No. Both 2026 rounds have ended: the first ran 7 April – 7 May and the second 22 September – 20 October 2026 (cashback unlocked after $1.2 million of qualifying volume, increased every additional $400,000, and is paid after the promotion closes). As of 21 October 2026, XM has not announced a new round — check XM's Promotions page. Partner cashback via code CBT90 continues every day.
How much did XM's Unlimited Cashback Promo pay per lot?
In the April 2026 round, between $2 and $7 per lot depending on total eligible volume during the promo: lots 1–2 paid $0, lots 3–5 $2, lots 6–15 $3, lots 16–50 $4, lots 51–100 $5, lots 101–200 $6 and lots 201+ $7. Only Gold, Silver, Platinum, Palladium and Bitcoin CFDs counted, with a 20-pip minimum move per trade. The September–October round paid by volume milestones instead, and XM did not publish an amount per milestone.
What is the difference between XM's cashback promo and CashBackXM?
The promo was a one-month campaign paid by XM with tiered rates from the third lot onward. CashBackXM is a permanent partner cashback: an account opened with partner code CBT90 earns a fixed $9 per lot on Gold (Standard account) on every closed order, from 0.01 lot, credited to MyWallet the next day, with no end date.
Can I get an XM promotion and CBT90 cashback at the same time?
They are separate: promos come from XM's marketing terms, partner cashback from the commission on your account. The April 2026 terms had no exclusion for partner-code accounts, and the code doesn't change your spreads or account type. Each promotion has its own terms, so confirm with XM support for any current campaign.
Do I need to wait for the next XM cashback promo?
No. Partner cashback via code CBT90 runs every day of the year. If XM launches another cashback promotion, you can opt in on the same account; whether the two combine depends on that promotion's terms, so check them or ask XM support.