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Trading Account Types at XM

Trading Account Types at XM

  • Posted: Jul 18, 2018
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XM trading platform is made for all traders.

 

Experienced or new, with a lot of capital or just startup, XM has something for all. Their account types are tailored in a way that everyone can choose one that suits their needs the most.

 

That’s why XM introduced their three account types, tailored especially for people with different interests, earning, experience, and capital. These are their Micro accounts, Standard accounts, and Zero account.

 

You can choose from the commission-free trading with standard and micro account to the tighter spreads that involve commission fees and a higher initial deposit amount with the Zero account. XM also have their swap free accounts for Muslims who doesn’t want any interest for religious integrity.

 

XM Micro Account

 

Base currency options with XM’s Micro account are USD, EUR, JPY, GBP, AUD, CHF, PLN, HUF, SGD, RUB, and ZAR. Contract size is 1 lot equals 1,000.

 

For $5 to $20,000 the leverage is 1:1 to 1:888. For $20,001 to $100,000 the leverage is 1:1 to 1:200. And for amounts more than $100,001 the leverage is 1:1 to 1:100. This account comes with negative balance protection. It ensures that even if you have a verybad day, you won’t lose more than what you have in your account.

 

Spread on all the majors is as low as just one pip. No commission is required and maximum pending or open orders for each client is 200 pips.

 

Minimum trade volume with the Micro account is 0.1 Lots (MT5)and 0.01 Lots (MT4). Lot restriction per ticket is 100 lots and hedging is also allowed. There is a swap-free account option for Muslims, which is optional. The minimum deposit for this account is $5.

 

XM Standard Account

 

Base currency options with XM’s Standard account are same as Micro accounts, USD, EUR, JPY, GBP, AUD, CHF, PLN, HUF, SGD, RUB, and ZAR. Contract size is 1 lot equals 100,000.

 

Leverage is also same as XM Micro accounts. For $5 to $20,000 the leverage is 1:1 to 1:888. For $20,001 to $100,000 the leverage is 1:1 to 1:200. And for amounts more than $100,001 the leverage is 1:1 to 1:100.

 

Like a Micro account, this Standard account comes with negative balance protection. Spread on all the majors is as low as just one pip. No commission is required and maximum pending or open orders for each client is 200 pips like Micro accounts.

 

Minimum trade volume with the Standard account is 0.1 Lots. Hedging is also allowed here along with a minimum deposit of $5 and an optional Islamic account.

 

XM Zero accounts

 

The base currency is only limited to EUR, USD, and JPY. Contract size is 1 lot equals 100,000 like standard accounts.

 

For $100 to $20,000 the leverage is 1:1 to 1:500. For $20,001 to $100,000 the leverage is 1:1 to 1:200. And for amounts more than $100,001 the leverage is 1:1 to 1:100. This account also comes with negative balance protection.

 

Spread on all the majors is as low as just zero pip, thus the name. Commission is required and maximum pending or open orders for each client is 200 pips like Micro and standard accounts.

 

Minimum trade volume with the Standard account is 0.01 Lots. Hedging is also allowed in XM Zero Accounts along with a minimum deposit of $100 and an optional Islamic account.

 

Visit: XM Broker Review

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LMFX Crystal Ball: Predict & Win

LMFX Crystal Ball: Predict & Win

  • Posted: Jul 11, 2018
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LMFX always cares about their clients, probably more than any other Forex brokers. They always make sure that the traders at LMFX stay at LMFX.That’s why they have adopted some effective ways to keep the traders engaged and interested in their platform.

 

Giving their clients a chance to win a big bonus by participating in contests, investing big in trades, and depositing a good sum, is their way of saying “we want you here, we don’t want you to leave this platform.”

 

LMFX has arranged different bonus and promotional offers for their traders. Apart from their Phoenix Recovery Bonus and Deposit Match Bonus, they have a Crystal Ball contest that gives the traders at LMFX a good chance to win a fortune.

 

What is Crystal Ball?

 

I bet you have seen those glowing crystal balls on movies and TV shows where a fortuneteller sits behind it and cast spells to see your future. No, this is not that type of crystal ball that I’m talking about. You can’t see your future in this crystal ball. But you can guess and that’s what this is about.

 

LMFX allows you to guess the closing price of a currency pair for Monday at 12 o’clock midday. By guessing this correctly, any trader can win a bonus. There will be 3 winners, 1st, 2nd and 3rd who will win up to $1,000.

 

How is the winner decided?

 

Some might say that guessing the exact price is close to important. Yes, that’s true in a sense, but you can get very close to the exact figure if you analyze the data of previous weeks. And shockingly, you don’t have to be precise to win the bonus. You just need to be as close as possible.

 

For example, say Larry said British Pound’s price will fall and come close to $1.48 this Monday, John said that the price will be closer to $1.39, Mike predicted $1.52 and Lew guessed $1.2.

 

Say the price stood around $1.42 at Monday 12 pm. So, the best guess among John, Mike, Clark, and Larry is John’s $1.39 prediction because his $1.39 is closer to $1.42 than $1.48, $1.52 and $1.2. So, this week’s 1stwinner is John and he will get the $1,000 prize. But there are2 other prizes for the second and third best guess. So, Larry will get the 2nd place and Mike will be 3rd.

 

Yes, total 3 bonus, up to $1,000.

 

This is just example. It doesn’t have to be British Pounds and Dollars. It can be Euros and Dollars, Euros and Dollars or Dollars and Taka. Any currency you like is open for you to predict.

 

In real time trading, the difference is very minimal. Besides, there will be a good number of participants who would like to give it a shot. That’s why it is tough to get the prediction closer to the exact figure. But if somehow you get it right, you win the grand prize of $1,000.

 

Who is eligible for this?

 

Every trader who registered their mobile number with the LMFX platform is eligible for this contest.

 

Yes, you need to have a full LMFX account to participate in the prediction contest. Other information about their contests is on their website.

 

For more info, please click here

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Everything You Need To Know About Withdrawing From eToro

Everything You Need To Know About Withdrawing From eToro

  • Posted: Jul 05, 2018
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eToro’s withdrawal system is comparatively simple and easy. But there are some basic queries that every new trader and a to-be trader sometimes has.

 

I’m going to answer them all.

 

When can a trader withdraw from his account?

 

If you are a registered trader at eToro you can do it anytime you want. There is no time restriction for the withdrawal process.

 

How much can you withdraw?

 

You need to keep at-least the margin amount on your account. The rest is open to the trader for withdrawal.

 

Here are some of the basic conditions that a trader needs to fulfill before he can request a withdrawal.

 

  1. The minimum withdrawal amount is $50. A trader cannot request a withdrawal less than $50.
  2. The account must be verified. There will be a green tick mark to indicate whether your account is verified or not. If it is not verified, contact their support team and upload the required documents for verification.

 

What Withdrawal Methods are supported by eToro?

 

Funds in eToro are deposited by three popular methods. These include Credit cards, PayPal account, and Bank transfers. For withdrawal, the same three methods can be used. But it is advised for the traders to use the exact same method for withdrawal that is used for the deposit. For example, if a trader uses PayPal to deposit $500, PayPal should be used for the withdrawal.

 

But eToro asks for an alternative withdrawal method for cases where the first withdrawal method isn’t available anymore.

 

How much time does it take to process the withdrawal request?

 

Once a withdrawal request is received, it goes to eToro for evaluation. After checking all the information the request gets processed. In most cases, the request is processed within 1 business day.

 

When will the fund add to my account?

 

After the request is processed, it usually takes sometime before the fund is added to your given account. Mainly the time varies from the payment provider to another payment provider.

 

For China Union pay, it usually takes up to 2 business days before the funds are available to your account. For both credit card and debit card, the time is 5 working days at most. For online payment providers like, PayPal, Skrill, Neteller, and WebMoney, the usual time to reach the fund is 1-2 business days. But for wire transfers, it may take up to 5 business days.

 

What are the withdrawal charges?

 

For every withdrawal from eToro trading account, there is a fee and it is $25. But if the withdrawal is not in US Dollars, there will be an additional currency exchange fee added to the total $25.

 

When do you know if your request for withdrawal has been accepted or processed?

 

There are two ways you can check whether your payment request has been processed or not. First of all, you can check your email inbox for a mail regarding the withdrawal request, which will also include which payment provider you chose. You can also check the request status by clicking on the portfolio tab. Then click on history where you’ll see the withdrawal status.

 

For more info, please visit: ETORO Broker Review

 

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Accounts at LMFX

Accounts at LMFX

  • Posted: Jun 22, 2018
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LMFX is a user-friendly Forex Broker who allows their clients to choose from 3 different account types. Whatever your available capital, appetite for risk, and trading requirement is, LMFX has you covered with their different account types. These include LMFX Premium, Fixed, and Zero account.

 

Premium Account

 

For retail Forex traders, this Premium account is perfect. Traders can trade as low as 0.01 lots at LMFX. But if they want to go big, LMFX allows traders to trade up to sixty lots in one single trade, which is perfect if you want to take risks and get some profit out of it.

 

Advanced trading platforms like Webtrader, Metatrader, and Mobile trading is available. When you open a Premium account, you also get a personal account manager and you automatically qualify for bonus offerings by LMFX.

 

Leverage is 1:1000 and no commission on each lot. When you open an account, you just need the minimum amount of $50 to deposit. Once your account is active, you can reload with minimum $25. You can also deposit the amount in Euros.

 

60 is the maximum total trade size for this type of account. The number of maximum open trades is 100. Margin call percentage is 50% and Stop out percentage is 20%.

 

Fixed Account

 

If you prefer trading with fixed spreads, LMFX has their Fixed account for you. This type of account gives you greater control over the trades you make and improves the accuracy while computing positions, thanks to the spread that you get in advance.

 

For expert advisors or EAs who operate with the fixed spreads, this account type is most suitable. Like the Premium account, you get a personal account manager and once you open your account, you qualify for LMFX’s bonuses.

 

With this account, there is no commission per lot, but the leverage is 1:400. Minimum deposit you need to make while opening a new account is $250. After that, you can reload with a minimum $50 at a time. Maximum total trades size is 75 and at once, you can keep 150 open trades. The amount can be deposited and withdrawn in either US Dollars or Euros.

 

Margin call percentage is 30% and Stop out percentage is 15% with LMFX’s Fixed accounts.

 

Zero Account

 

The Zero accounts offered by LMFX is a low-cost account type for trading that boasts No Markup & Super-tight Spreads, starts from 0.0 pips!

 

You can trade on the Interbank spreads with this Zero account offered by LMFX and bring down the cost for trading.

 

The competitive commissions start at each 1,000 lot, which is why this account type is ideal for high-volume traders.

 

Commission per lot is $4 and leverage is 1:250. When you open an account, you need to deposit minimum $100 and for the second time and onwards, minimum reloading is $50. Like other accounts, when you get started with Zero accounts, you qualify for LMFX bonuses like Phoenix Recovery Bonus and Deposit Match bonus.

 

Maximum total trade size is 100 and at a single time, you can have 200 open trades. Account currency is both US Dollars and Euros. Marginal call is 30 percent and Stop Out is 15 percent.

 

 

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Why Should You Invest in CopyFunds at eToro?

Why Should You Invest in CopyFunds at eToro?

  • Posted: Jun 14, 2018
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CopyTrading is an interesting concept at eToro and they have certainly attracted people into trading with this feature. But there are CopyTrading and then there are CopyFunds. Both might seem similar to one another, and they are, as a concept. However, while they have a similar concept of copyingsuccessful traders, they are not exactly the same.

 

So, why would anyone want to invest in CopyFunds, when they have the option to copy any trader he or she likes?

 

First, let us see what eToro has to say about their CopyFunds.

 

According to eToro, CopyFunds is their next generation investing product.

 

In case you are wondering, it is not trading that they are promoting in the world with CopyFunds, they are talking about investing. Why is that?

 

Well, when you go to stocks or crypts at eToro’s site, you’ll see the option of trading as “Trade.” But it is not the case for CopyFunds. It is shown as “Invest” on their website.

 

So why “Invest”? If you understand the answer to this question, you’ll know why you should invest in CopyFunds.

 

First of all, CopyFunds is like a container where different assets of the same industry are there for you to invest in. For example, if you are investing in a Gaming Fund, that means, the gaming fund will have assets of gaming related companies like Nvidia, EA, etc. But the companies will not have an equal amount of assetsin the fund. There will be some Fund managers who will decide the ratio of different companies’ involvement. For example, in a fund of Cryptos, Bitcoin may have the larger amount of the shares than Litecoin, Etherium,and others. This is because the Bitcoin’s future is safer than other cryptos.

 

This is where the answer of “Invest” instead of “Trade” comes in.

 

When you are investing in a single asset like a stock, Crypto, gold, oil, etc. at eToro, you are accepting the risk of losing your money when the asset falls down. Again, when the asset is gaining, you are also profiting from it. But the states of those assets are temporary and that’s why it’s called trading.

 

But when you put your money on the CopyFunds, you are doing it for a longer period. The overall state of an industry won’t fluctuate as much as a single company. This is because the assets in a fund are balanced out properly to reduce risk score so that when one company falls, it doesn’t affect your money that harshly. You will have lower chances of losing a big amount. This also means that you won’t make an immense amount of profit either because when one company does well,another might not be in that great of a position. So on average, you are not doing that good or that bad.

 

This is why CopyFund is like investing in a business, not like trading in the casino. That’s why you see “Invest” instead of “Trade” in eToro’s site. And this is the reason why you should invest in CopyFunds. Because at the end of the day, you will have lower chances of losing a large amount of money with CopyFunds, which means your money will be safeguarded well.

 

For more info, please visit: ETORO Broker Review

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MT4 Desktop And Mobile Platforms for LMFX

MT4 Desktop And Mobile Platforms for LMFX

  • Posted: Jun 06, 2018
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LMFX is certainly a well-known Forex trading platform, thanks to the easy to access tools and user-friendly platforms. And if you are one of the lucky traders there, you may already know that the MT4 or MetaTrader 4 trading platform is available both on mobile and online to the traders at LMFX. Again, if you have been in the trading world for long, you already know about it and its benefits. But if you are from the minority of the people who are dedicated to Forex trading but don’t know anything about MetaTrader 4, it is high time you did.

 

What is MetaTrader 4?

 

 

MT4 or MetaTrader 4 is actually an electronic platform for trading, which is mostly used by the online retail Forex speculative traders. MT4 was developed and scripted by MetaQuotes Software Company and then released around 2005. This software is only licensed to the Forex brokers for proving the software to their respective clients.

 

This software consists of 2 components. A server component and a client component. The server part is run by the brokers, while the client component is given to their clients or customers.

 

Why is it important?

 

A Forex Broker like LMFX offers it to their clients so that they can easily observe and stay up-to-date with the live prices, charts, and graphs, to place their order and to efficiently manage their own accounts.

 

Any trader can use this if provided by their broker like LMFX does for its clients. Although it is currently a Windows-based software, many brokers have provided their customers a variant specifically designed for Mac OS.

 

This software gained its popularity because of its ability for the end users to create and write their own trading script and a robot that could eventually automate trading.

 

The Uptake

 

In the year 2010, the software company MetaQuotes released their new version of the MT5 which is just the update to the version of MetaTrader 4. However, the update wasn’t taken so delightfully. It was found that MetaTrader 5 is slower than its predecessor MetaTrader 4, which is why the brokers stuck with the old one.

 

Although it might seem like all MetaTrader versions were well received except MetaTrader 5, the history says otherwise. Like its successor, MetaTrader 4 and the previous versions were also not appreciated properly because of MetaQuotes unsatisfying attempt to develop the previous versions. Since MetaTrader’s idea came to their minds in 2002, MetaQuotes has released quite a handful of versions. But it wasn’t until 2005 when MetaTrader 4 came out and threw out the expectations made from its predecessors.

 

Between the year 2007 & 2010, a big number of brokers added the MetaTrader 4 platform as an alternative to their own trading software and LMFX was one of those brokers. They didn’t need to add this to their platform, but back then, 3rd scripts were becoming more popular day by day. So, they didn’t miss the chance to engage their clients with up-to-date software and updates.

 

The guys from LMFX thought that it was a great opportunity for them to engage their customers with the MT4 platform for both mobile and online and they did so quite efficiently.

 

For more info, please visit: LMFX Broker Review

 

 

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Everything You Need to Know About CopyFunds on Etoro

Everything You Need to Know About CopyFunds on Etoro

  • Posted: May 31, 2018
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eToro has become one of the best social trading platforms. This is not because they do marketing like no other. I know they do,but marketing was never the strong point for eToro like XM. They do believe in marketing, but don’t rely on only the marketing bits to draw attention. Instead, they are mostly dedicated to inventing newer ways to serve their clients to help them reach maximum profit with their invested amount. CopyFunds is one of those biggest next-generation investment products from eToro.  So, what is it?

 

 

What is CopyFunds?

 

As mentioned before, CopyFunds is a product for the next generation of trading designed by the leading traders and the hardworking team of eToro. Since their establishment in 2007, eToro planned to bring something this revolutionary and introduce it to their clients. Finally, they have.

 

CopyFunds groups the successful investors from eToro together and then constantly makes newer adjustments to optimize their funds for maximum profit. Unlike ETFs or indices, CopyFunds are solely based on the collective wisdom of a few investors or traders who are active on the trading platform and have shown some impressive results. Just like any other funds, CopyFunds is composed of multiple elements and adds more stability, which leads to a lower risk as a financial instrument.

 

This innovative financial tool is definitely brand-new and each of the funds is traded just like any other and it is managed by a sophisticated and optimized algorithm.

 

CopyFunds aims to help the investor to minimize long-term risk and promote opportunities for growth. This is done by taking Copy Trading to the upper level and by creating diversified investments.

 

Types of CopyFunds

 

There are 2 types of CopyFunds that you can invest in –

 

  1. Top Trader CopyFunds
  2. Market CopyFunds

 

First one, which is Top Trader CopyFunds, comprises the most sustainable and best performing traders on eToro platform.

 

On the other hand, Market CopyFunds is just a bundle of CFD stocks, ETFs or commodities under one single chosen market strategy.

 

Get started with CopyFunds

 

With just three steps, a user of eToro can invest in Copy Funds.

 

Step one: Choosing the CopyFunds

 

First, you need to choose the CopyFunds that are suitable for your needs. You have two different types of CopyFunds to choose from. Top Trader CopyFunds and the Market CopyFunds.

 

Step two: Choosing the amount

 

Then you need to choose the ideal amount that you are confident to invest. Don’t go with a big amount if you are not confident.

 

Step three: Finish it with one click

 

Now that you have chosen your suitable CopyFunds type and entered the amount, all you need is a click on a button to get started with CopyFunds.

 

The Next Gen. Portfolio

 

Once you are done investing in CopyFunds, get your couch ready to rest because your capital is being managed professionally by eToro’s own investment committee.

 

Now that you know everything about eToro’s next-generation trading product, this is your time to invest. But don’t forget to contact their customer support if you find any complications while investing.

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XM A Human Company

XM A Human Company

  • Posted: May 25, 2018
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XM has grown significantly over the years and is now offering their services to over a million clients from almost 200 countries. In addition to boasting a state of the art online platform, XM has hundreds of experts with years of experience to support traders and to mark itself as one of the most successful and inspiring brokers.

 

Where does XM stand now?

 

The company’s success has mostly been attributed to the feature-packed and responsive trading platform they offer. Not only does it boast about itself in having over a million clients, and not a single re-quote on made trades, the company has a history of having a sincere human workforce behind the online platform with superior customer service.

 

XM is a licensed and regulated broker in addition to being globally renowned. The company sets itself apart by focusing on the clients first and foremost. In addition to the usual services, XM provides a convenient and fair platform, which greatly ensures customer satisfaction and has helped XM grow to where it stands now.

 

What makes them human?

 

The company ensures a strong physical relationship with its clients. This is done through a strong management workforce who are very active in ensuring a smooth and hassle-free trading experience. Additionally, frequent visits to various major cities around the world by the management staff helps aid the mission to ensure customer service and satisfaction.

 

Moreover, traders are given the opportunity to engage in seminars hosted by the company where they can see the faces behind the company and even express their thoughts about the platform. All of this helps the company obtain crucial feedback about the platform and helps them expand in functionality and further solidify a user-friendly environment, thereby allowing for a more proactive user base with guaranteed client satisfaction.

 

Apart from that, the seminars allow the traders to get some first-hand insight and allow them to make better and smarter trading decisions on the platform. Visits to over a hundred cities and interacting with clients has helped boost morale, increase trust and at the same time has allowed the company to educate its clients about clever trading practices, which not only helps the clients turn a profit. but by extension XM in the long-run. This extra effort has allowed XM to not only excel as a trustworthy platform with a high level of client retention, but to expand into this massive company with over a million active traders.

 

How it all adds up

 

XM believes  ensuring customer satisfaction and earning the customer’s trust by providing a state of the art trading platform, an active and effective customer service and finally, by having a panel of experts with years of experience to cater to client needs. XM also provides its services without bias to different cultures, ethnicities and even religious beliefs. All of this points towards a more human and approachable trading platform for new future traders and a trustworthy one for current traders, thereby making XM a human company.

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Risk Score on Etoro

Risk Score on Etoro

  • Posted: May 17, 2018
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It is pretty common now that everyone is talking about it – trading might be risky. You might get this warning from pretty much everywhere. So today, we will discuss this risk factor for trading.

 

It is an important duty of every investor to assess how much risk they are taking for their every decision. Calculating risk is not easy, and it becomes even harder when you are into copy trading. There must be something out there to help you with this factor.

 

About The Risk Score

 

Etoro is currently working on and planning to release a feature within the next few months. The feature is called – risk score, and this will be a really handy tool for all the investors out there.

 

The function of Risk Score is to assess the risk associated with your particular trading decision, and it will work even on a copy trading aspect. With the help of the tool, it will be possible for you to analyze possible risks and where they are coming from, plus you get to analyze the profile of others, not just your own.

 

In terms of copy trading, the trader who you will copy will have a definite impact on your Risk Score. Data will be collected and the calculation will be done using the preferred algorithm. This will allow you to assess the risk other traders are taking.

 

Risk Score procedure

 

One important thing you need to understand is that risk score is based on a trader’s performance from the past, so it cannot indicate what the future results will be.

 

The procedure to calculate risk is pretty simple and does not include any sort of hardcore algorithms. Most traders invest in multiple instruments to reduce risk. As you copy multiple traders, your risk score will be high if they all invest in a similar way. On the other hand, if they invest diversely then your risk is lower.

Since the risk score tool is still in development, you won’t be able to get updated about risk in real time. But in the future, it might be possible for you to get a risk score in real time.

 

How this works

 

You will get a numerical risk score that has a range from 1 – 10. This will help you to understand the amount of risk associated with your decision easily. The moment you make a new investment decision, the risk score will be visible. Etoro promises to improve this process even further so you can get more details and infographics on risk analysis. This improved feature will be provided as an update in the future versions.

 

Note that

 

This is a tool that we are talking about, but you are the trader. So, this tool might actually help you to make your trading decisions, but you are the one who is supposed to take responsibility. The risk score feature doesn’t tell you if you should invest or not.

 

What will happen?

 

Etoro promises to launch this amazing new feature within the next few months. Also, some risk analysis of most copied traders will be published so you can have abetter understanding of the Risk Score.

 

For more details, contact us now at Etoro Review

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Shariah Complaint Accounts in XM

Shariah Complaint Accounts in XM

  • Posted: May 09, 2018
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XM is offering a distinct account with extra features to clients who adhere to the Muslim faith. Once a so-called “Swap-free” or “Islamic Account” is applied for, strict procedures ensure the account trades fairly and abides by the restriction of dealing with interest. This means there is no swap or rollover interest on overnight positions held by these accounts, thereby allowing the client to trade interest-free.

 

Opening an account is simple!

 

Opting in for an Islamic account is very simple and can be completed in just a few steps. You start off by opening a normal trading account with XM.com. Then, after validation, you should navigate to the Member’s Area and confirm your account. Finally, you put in a request for an Islamic account and once the corresponding department processes the request, you will be notified via an email and your account will have swap-free status.

 

Additionally, you might have to verify that you need such an account and require a swap-free account due to your religious belief. Once the confirmation email has been sent, all real trading accounts associated with you are converted to swap-free accounts. Moreover, in the case of any misconduct from the account, XM will remove the swap-free status of that particular account.

 

Some key aspects associated with the account

 

A swap-free account comes with some particular features in addition to the usual features associated with normal trading accounts. These include, but are not limited to:

 

 

  • There are no interest or swap charges applicable to your overnight positions if you choose to hold on to them.

 

  • No spread widening. Using an Islamic account will not force you to use wider spreads when trading.

 

  • No up-front commissions and no additional payments.

 

  • You can hold positions without worrying about time limits and interests.

 

  • No hidden costs preventing foul play wherein some trades are disguised as interest-free but incur additional fees on the client.

 

  • You get the same 888:1 leverage as our normal accounts, as well as free access to all trading platforms and a completely dedicated customer support.

 

  • Real-time, instant market execution.

 

 

XM promises

 

The swap-free Islamic accounts in XM have some key differences from other Forex brokers. Most other Forex companies incur extra fees by widening the spread on Islamic accounts, however, XM does not. Moreover, XM ensures a religiously sound trading platform, where, unlike other Forex traders, XM does not mask possible interest charges as additional fees. This keeps the trade ethical and preserves the integrity of both the trader and XM.

 

To sum up

 

XM is offering a platform for clients following the Muslim faith an option to sign up for Islamic accounts that allow Forex trading within their religious beliefs. Moreover, the clients are promised ethical integrity by XM by ensuring no spread widening, no extra commissions and finally, no hidden fees. Thereby allowing a fully Shariah-compliant swap-free trading account to those who deem it necessary without compromising on the many other features offered by XM to their normal trading accounts.

 

For more info, please visit: XM broker review

 

 

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