XMP points can be earned for each transaction, and can be redeemed as cash
What is XMP?
XMP is short for XM Points, XM points can be automatically accumulated in each trading session.
By accumulating XM, you can convert it into cash or give credit as a deposit.
How to calculate XM Points
You can earn XM points for each standard lot (100,000 currency units).
The number of XM Points that can be earned will vary depending on each loyalty status (Executive, Gold, Diamond, Elite).
All clients will start at Executive.
Executive Class can receive 10 points for each two-way standard transaction (100,000 currency units).
After 30 days of trading, the Executive class will be upgraded to Gold.
Gold members can receive 13 points for each 2-way Standard transaction (100,000 currency units).
After 60 days of trading, Gold will be upgraded to Diamond.
Diamond can receive 16 points for each 2-way Standard transaction (100,000 currency units).
After 100 days of trading, the Diamond will be upgraded to Elite.
Elite, can receive 20 points for each 2-way Standard transaction (100,000 currency units).
( 1 lot= 20XMP)
How to use XM points
Cumulative XM points or loyalty status, can be confirmed from my
Click the “Redeem now” button. Then you can choose one of two ways, which are credit rewards that can be used as deposit or bonus.
In general, credit bonus rewards can be used in a trading and are more profitable than converting to cash.
If you open an new separate account and convert XMP into a credit bonus a deposit when the account is in sign-in state, then you can trade with XMP without depositing more.
Related articles: How to make a profit with Forex trading using 3 accounts at XM
When you enter the XMP you want to convert to the XMP field, the amount will be displayed automatically in the reward field.
So, XM points have been converted to credit bonuses.
(When converting to cash, the process is similar to how to convert credits rewards)
How to calculate the conversted XM point value
If you want to convert to credit rewards
Can be converted into credit reward by calculation: Credit reward=XMP ÷ 3
If you want to convert to cash
XMP can be converted to cash using the calculation: Cash=XMP ÷ 40
These calculations are performed automatically, after logging in as memeber, you can can confirm it at my profile.
XMP has a 10-minute rule. Note that when you have a order and close it in 10 minutes, you will not get XMP.