FXTM refer a friend: $10 to $100 per friend in Reward Points

FXTM's Refer a Friend program pays you in Reward Points when someone you refer opens an account, enters your referral code before their first deposit, and trades. You find the code in the FXTM Hub under Loyalty and Bonuses. There is no limit on how many friends you can invite, but each friend pays out only once.

Rewards come in $10 segments. You get 5,000 Reward Points, worth $10, each time your friend trades 2,000 Tier Points, up to 50,000 points ($100) once they reach 20,000 Tier Points. Reward Points redeem at 500 points per $1, and redeemed cash lands in your trading account, where you can withdraw it or trade with it. Your friend earns their own reward on the same trading, up to 250,000 Reward Points ($500).

The catch is the volume behind those Tier Points. They are earned on the notional value of trades, half on opening and half on closing. At the rate in FXTM's Rewards terms, a round-turn standard lot of EURUSD earns 100 Tier Points, so your first $10 needs about 20 lots from your friend and the full $100 needs about 200 lots. The friend must reach the first 2,000 Tier Points within 14 days of entering the code, and the terms also say they must start trading within 10 days of depositing. Only deposits up to $500 made within 14 days of applying the code count toward the reward. A casual referral is likely to pay only the first segment or two.

Both you and your friend need Approved account status before anything is paid, and a friend who is reassigned to a partner before the reward drops out of the program. The program runs through Exinity Limited, regulated by the FSC Mauritius (licence C113012295), on Advantage, Rewards, Rewards Plus and Edge accounts. It is not available to residents of the US, UK, Canada, Japan, India, Kenya, Russia, Mauritius, Cyprus and several other restricted countries. FXTM can amend or end the program, or cancel rewards if it suspects abuse.