XM Broker Review 2020 Is it Safe or Scam? All Pros & Cons

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Ph trading signals review

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Shares Accounts are always Islamic and have a minimum deposit of $65,555. There are no trading bonuses, no deposit bonuses, and hedging is not allowed.

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XM allows you to place a range of order types. These include trailing stops, stops, limits, and market orders. Place the trade at any time of the day, provided that it is during trading hours. There is also the ability to place trades via the telephone for those who prefer this method.

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Fills for limit and stop-loss orders are guaranteed with up to 55 lots. These occur at the market price that is the best available. This policy allows clients to manage their risk.

Even in cases of illiquidity and volatility, XM has a competitive policy. XM partners with numerous liquidity providers to significantly limit the risk of illiquidity. In volatile market conditions, XM will execute orders at the market price that is the best available.

XM has an excellent educational area for clients new to trading, including videos, tools and live webinars it 8767 s one of the best educational areas we have seen with a broker of this type.

There are four account types to choose from, plus the ability to customize an account. A demo account is available and you can open a live account with just $5.

Both types of reviews can be important. Professional reviewers would spend their time to learn all the details of a forex service and present them to you in clear, easy to read illustrated format- what a time saver!

Essentially, clients with XM are typically able to select leverage between 6:6 and 888:6. This depends on the account type, asset, and trade size. The margin requirements remain the same 79/7, including on weekends and overnight. XM also allows you to request a change to your selected leverage, either a decrease or an increase.

The Compliance Office handles all complaints impartially. It also takes necessary actions in accordance with XM’s Complaints Handling Procedures. The Complaints Form is easy to find within the Members Area.

Despite this, banks will calculate interest on positions held during the weekend. As such, XM applies 8-day rollover strategies on Wednesday.

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