XM

Quoting Kotowskifx

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@XM have a question about this new zero account , what do you actually mean by hedging allowed? Also what does it mean you are registered with FCA you are not yet licensed ? Have my concerns about CySec

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Quoting XM

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{quote} Dear Kotowskifx, "Hedging allowed" simply means that you can have a hedged position in a single account. We are registered with the FCA as a European Economic Area (EEA) authorized company that can offer certain products or services in the UK. However, the company is not regulated by the FCA. Kind regards, Andrey - Official Representative of XM (Trading Point of Financial Instruments Ltd.)

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Quoting Kotowskifx

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{quote} So how am i protected by FCA at the end of the day? isn't it misleading to have it on your website?

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Quoting ZeF

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XM = Cyprus Market Maker in 100% conflict of interest with clients. Recently fined by ASIC for some interesting claims.http://www.forexscamalerts.com/asic-...ed-fx-services When clients win, XM loses. Clients lose, XM wins. Guess on what side of the equation they want to be? That's right. Happy trading!

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Quoting XM

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{quote} Dear Kotowskifx, We do not claim to be regulated by the FCA, and our status of being a "registered company" is clearly displayed. The benefit for the clients is that this serves as an additional confirmation that the company meets the standards agreed across all EEA countries, including the UK, and that the FOS may be able to consider a dispute with the company. Kind regards, Andrey - Official Representative of XM (Trading Point of Financial Instruments Ltd.)

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Quoting Kotowskifx

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{quote} Clear Mr. Representative of XM. Prior investing my money am doing my own research though. Happened to check this site and XM.COM is listed there, with the warning to be avoided. Just for traders, good to check this site http://www.blacklistedbrokers.com/blacklist/ XM is BLACKLISTED by FCA . Trying to find a good broker regulated by FCA. Any suggestions guys?

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Quoting XM

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{quote} Dear ZeF, Conflict of interest exists in many types of businesses, but it can be effectively managed by having appropriate procedures and controls. For more information on how XM's manages it, please refer to the Summary of Conflicts of Interest Policy. Services to Australian clients are provided by Trading Point of Financial Instruments Pty Ltd that holds Australian Financial Services Licence issued by ASIC (number 443670)....

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Quoting tmannie

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​Hi So what would you call it if a pending price is chased . And may a client request a copy of a brokers note to substantiate a questionable transaction. Thanks

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Quoting XM

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{quote} Dear tmannie, Can you please clarify? I did not quite understand your question. Kind regards, Andrey - Official Representative of XM (Trading Point of Financial Instruments Ltd.)

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Quoting tmannie

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{quote} Hi if a pending buy stop is at a certain price , the price is not reached per the chart, however the buy is triggered , can a client request some proof (i.e. a brokers note etc. from the principle)that an actual transaction took place . Especially if a so-called ask price seems out of character with the nearest transactions all substantially lower at that time. Thanks

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Quoting klet

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@tmannie: Had as similar problem! I orderd a Sell Stop at 0,67715 and then the Order opened at 0,67327 with a price of 0,67163. So the execution was 16 Pips away from the actual price!!!!! I understand that slippage happens. But this is not slippage any more... Further the Take Profit was on the "wrong side" and the Order was closed with an loss! Normally such an Order should be cancelled beause such an Order is just impossible. See the pictures... {image} {image}

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Quoting klet

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@tmannie: Had as similar problem! I orderd a Sell Stop at 0,67715 and then the Order opened at 0,67327 with a price of 0,67163. So the execution was 16 Pips away from the actual price!!!!! I understand that slippage happens. But this is not slippage any more... Further the Take Profit was on the "wrong side" and the Order was closed with an loss! Normally such an Order should be cancelled beause such an Order is just impossible. See the pictures... {image} {image}

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Quoting umairsheikh2

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Andrey check your PM.

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Quoting XM

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{quote} Dear umairsheikh2, I have replied to your message. Andrey - Official Representative of XM (Trading Point of Financial Instruments Ltd.)

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Quoting XM

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{quote} Dear Klet, Trading on the news is quite risky because market's reaction to the news and price moves are largely unpredictable. Prices can dramatically change within seconds, and traders can experience slippage due to extreme volatility. The orders you are talking about were opened at the time of the release of the Official Cash Rate/RBNZ Rate Statement. Within moments after the release, price moved down sharply and the move down was over 100 pips, under such conditions slippage of 16 pips is reasonable. Moreover, it had occurred because...

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