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  • Digital Identity And Payment Proofing by XM for Paydentity

    Digital Identity And Payment Proofing by XM for Paydentity

    • Posted: Aug 15, 2018
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    XM has clients from all over Europe, Asia, and other parts of the world. That’s why their global reputation is very dear to them. One mistake and they will become the talk of the town. So, like any brokerage, XM adopted some of the best and advanced safety measures for securing their transactions and keeping their clients’ profiles secretive. Paydentity in one of such.

     

     

    Paydentity, it feels like a fancy word for some science fiction movie. No, it is just a way to say payment identity.

     

    No, I didn’t make up the name. XM, the leading brokerage did. It is their way of verifying the end users.

    – But what was the need for it? Wasn’t there any verification method before XM launched Paydentity?

     

    Surely there was.

     

    – Then why did they need to launch it? The previous method worked, right?

     

    I’m going to quote from the movie Black Panther here. The tech genius Shuri points out to his elder brother that if something works that doesn’t mean it can’t be upgraded.

     

    This was XM’s way of upgrading their verification system for good. With the launch of Paydentity, XM ensured the security of their clients’ funds. Not only that, Paydentity made the entire system of verifying end users super-fast.

     

    With this automated payment and identity service incorporating real-time remote verification of XM’s clients, the entire transactional processes will be more transparent and frequent.

     

    The Paydentity solution now includes the followings:

     

    – Remote enhanced due intelligence as per the requirements set in the European Anti-Money laundering Directive, the Joint Money Laundering Steering Group of UK, and Cypriot regulations.

    – Verification for payment instrument.

    – PCI DSS Version 3.2 Level-one payment gateway in Cloud based computing

    – Integration & payment processing to all the multiple card-acquiring institutions from one single API

    Transaction monitoring

     

    Paydentity was developed by the Australian iSignThis company. This company offer varieties of dynamic and digital AML/CFT KYCidentity proofing solutions. By converging identity and payments, this company is delivering regulatory compliance with fully automated customer on-boarding. This protects both the merchants and the customers from identity theft and fraud.

     

    Think of it this way; all the benefits that come with any payment processor, except, there won’t be any fraud.

     

    This KYC or AML payment solution is widely available in the European region now. So all the clients at XM from all over Europecan now get the benefit.

     

    -But what about the rest of the world? Will they be deprived from this security feature?

     

    No, they won’t. For the clients who are living places other than Europe, where a reliable and independent database is limited, Paydentity from iSignThis will provide XM with worldwide reach & access to more than 3.5 billion “Bank verified” potential clients, which will optimize customer on-boarding.

     

    With these measures, XM can now assure their clients that their funds are in safe hands. And when the time comes, they will get their funds after being verified within the least amount of time possible. So far, Paydentity is really working in their favor by keeping transactions safe and clients’ profiles secretive.

     

    For more info, please visit: XM Review

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  • Trading Platforms at XM

    Trading Platforms at XM

    • Posted: Jul 25, 2018
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    XM is synonymous with Forex trading. There’s hardly any trader who doesn’t know about XM’s trading platform. This is because of their amazing trading tools and advanced features to help traders get along inthe trading world. And so far, XM has been successful in doing so. Besides, the testimonials from traders are mostly in favor of the renowned Forex broker.

     

     

    The platform is well-suited for both new and experienced traders and when a trader start trading with this Forex broker, he/she is offered two MetaQuotes platforms, which are MT4 or MetaTrader4 and MT5 or MetaTrader5.

     

    MetaTrader4 or MT4 is a world wide proclaimed software for trading. This software platform allows the users to use their wide array of trading features and tools. These tools and features are extremely helpful to traders, especially the new ones because they include fifty built-in sets of technical indicators, a good number of EAs or Expert Advisors who will help the trader in any need, an advanced charting package, and a number of additional back-testing options.

     

    Any trader at XM can create and even download ready-made Expert Advisors. Then they can let XM’s program do the works for him/her without involving any “human emotions” getting in the way of logically making the decisions.

     

    This MetaTrader 4 platform is available to XM’s traders in all the shapes and forms, such as mobile, web, and desktop. That’s not it.

     

    XM also provides MetaTrader 4 or MT4 MultiTerminal. This MT4 MultiTerminal lets the trader at XM use and manage more than one account from one single interface, simultaneously.

     

    Recently, the MetaQuotes Company is starting to put a stronger emphasis on their MetaTrader 5 platform. This is because of many reasons, but most noticeably is the hedging function, which was added to the MetaTrader 5 and all the versions of the platform are now enhanced. This resulted in the sudden increase in broker numbers who are now supporting this platform for obvious reasons. XM has also followed suit and they added it to their list of offerings.

     

    There is another interesting offers that XM gives to their traders, a free VPS or Virtual Private Server. This is provided to both existing customers and the new traders who want to join XM. But for that, a trader must fulfill two conditions.

     

    The trader has to deposit at least $5,000 in his/her account. This doesn’t vary from account to account. No matter what type of account you hold, you need to deposit this least amount to avail the free Virtual Private Server.

     

    The trader should trade a minimum 5 round turn lots each month. This is also constant for all the account types.

     

    This Virtual Private Server allows execution for 24 hours a day and five days a week.

     

    XM is also famous for their promotional offers and bonuses.

     

    Currently, XM is running these promotional offers:

     

    • Welcome bonus up to 15%
    • XM Loyalty Program
    • Football Promotion 2018

     

    These are the promotions that are currently running on XM and they hold the full right to change the promotions as they wish.

     

    For more info, please click here

     

     

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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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  • 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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  • XMPs And How To Use Them?

    XMPs And How To Use Them?

    • Posted: Apr 16, 2018
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    XM points or XMPs are one of the distinctive features of XM. They feature these points to promote their platform by offering bonus points and rewards to the traders. That’s why many trades love this platform.

     

    But if you are new at the platform, the XMPs can be confusing. That’s why today we are explaining everything about XMPs and how to use them.

     

    What is XMPs?

     

    XMPs are the bonus points given by XM to the traders through their loyalty program.

     

    How to earn them?

     

    Earning the XMP is easy. You get XMPS for every round trade that lasts minimum 10 minutes. And based on the XM points, traders are divided into four loyalty levels.

    The basic level is XM Executive ( 10 XMP/ lot )

    After your first 30 business day, you get the XM Gold status. ( 13 XMP/ lot )

    After 60 business days, you will earn XM Diamond status. ( 16 XMP/ lot)

    And once you cross total 100 business days at XM, You get their highest status, which is XM elite. ( 20 XMP/ lot )

     

    What to do with the XM points?

     

    You can use the XMPs as contest credits. But if you want to redeem the XM points in USD, you can do so. There is no restriction on how many times you do that or how much do you withdraw.

     

    The XM points balance can be monitored at any time. You’ll get the updates in real time. If you want to see your balance, you just need to go to their member’s area. There you will see the XMP balance and the options to redeem them.

     

    You can also view the XMP points to their equivalent USD in the Member’s Area.

     

    XM shows it by dividing total XM points by 3. So, the formula is :

     

    Bonus balance = (XM points or XMPs) / 3

     

    For example, if you have 900 XM points, the bonus balance will show 900 / 3 = 300 USD.

     

    But if you want to use them as contest credits, you’ll need to divide the XMPs by 2.

     

    Contest credit = (XM points or XMPs) / 2

     

    For example, if you have 800 XM points, the contest credit will show: 800 / 2 = 400.

     

    Redeeming XMPS/ XM points

     

    XM didn’t leave any stone unturned to make sure their clients are comfortable with their process and platforms. To simplify things, XM enables the traders to withdraw as much as XM points needed.

     

    For example, if you have 1200 XMPs but you don’t want to redeem the entire amount, XM will allow a fraction of that to be processed at any time. Say you are willing to redeem 900 XM points. So, you will be rewarded with 900 / 3 = 100 USD and your remaining balance will show as 300 XMP or 300 / 3 = 100 USD in the account. And the best part is, you can do it anytime you want.

     

    So, it’s up to you, if you want to use the XMPs as contest credit or as Bonus.

     

     

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