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  • #1,061
  • Feb 28, 2017 7:39pm Feb 28, 2017 7:39pm
Quoting insomniawawa
XM, now we can move to more important question. Let's assume that somebody makes $1000 deposit, trades with high leverage, generates 10 million profit in one month and withdraws all profit. Would you kick out that trader? It can be dangerous loss for you.
No, if u r a profitable trader, ur profit comes from the market, not from XM.
Haven't heard XM kicked out someone. U heard any story?

I am with XM so far so good
  • #1,062
  • Mar 1, 2017 2:56am Mar 1, 2017 2:56am
Quoting insomniawawa
XM, now we can move to more important question. Let's assume that somebody makes $1000 deposit, trades with high leverage, generates 10 million profit in one month and withdraws all profit. Would you kick out that trader? It can be dangerous loss for you.
Dear Insomniawawa,

XM would not kick out any trader which is making a profit. Your question does not really make sense as the scenario you describe above is what we call a success story.

Thank you,
  • #1,064
  • Mar 1, 2017 3:35am Mar 1, 2017 3:35am
Quoting JediJones
Hidden
Dear JediJones,

Im under the impression you do not understand what an Islamic account is.

As the name Islamic Account refers to it is an account designed to comply with the Islamic Finance Law -> https://en.wikipedia.org/wiki/Islami...ng_and_finance

It is not a discrimination of any sort, please check your sources before attacking a member of this forum with no reason.

Clients following the Islamic faith and maintaining Islamic Finance accounts can apply to XM to change their account to Islamic in order to comply with laws and regulation of the Sharia Law as per the source from which funds will be sent to XM to fund their trading account.

As per our regulation we are regulated by FCA, CySEC and ASIC.

Once again there is no discrimination, you simply seem to not understand what Islamic Finance is and its really not appreciated attacking a member of this forum when a huge effort is made to reply and service all questions in the most transparent and efficient manner.

Thank you,
  • #1,065
  • Mar 1, 2017 6:24am Mar 1, 2017 6:24am
Quoting XM
{quote} Dear Insomniawawa, XM would not kick out any trader which is making a profit. Your question does not really make sense as the scenario you describe above is what we call a success story. Thank you,

Dear XM, trust me that this question make sense, because all MM brokers I've ever traded, changed trading conditions when account was growing fast, even though accounts weren't big. Stop loss hunting, requotes, platform freezing, platforms errors, execution delays ( lasting 30 seconds or more). More of them was cheating from very beginning which is better, because you can close account after few days This is why I ask about slippage and execution. Is there any possibility for trader from Poland to use bigger leverage than 1:100?
  • #1,066
  • Edited 9:41am Mar 1, 2017 8:20am | Edited 9:41am
Quoting insomniawawa
{quote} Dear XM, trust me that this question make sense, because all MM brokers I've ever traded, changed trading conditions when account was growing fast, even though accounts weren't big. Stop loss hunting, requotes, platform freezing, platforms errors, execution delays ( lasting 30 seconds or more). More of them was cheating from very beginning which is better, because you can close account after few days This is why I ask about slippage and execution. Is there any possibility for trader from Poland to use bigger leverage than 1:100?...
Dear Insomniawawa,

As per KNF (The Polish Regulator) rules the upper limit for leverage for clients residing in Poland is 1:100.

Thank you,
  • #1,067
  • Mar 1, 2017 11:40am Mar 1, 2017 11:40am
Quoting XM
{quote} Dear JediJones, Im under the impression you do not understand what an Islamic account is. As the name Islamic Account refers to it is an account designed to comply with the Islamic Finance Law -> https://en.wikipedia.org/wiki/Islami...ng_and_finance It is not a discrimination of any sort, please check your sources before attacking a member of this forum with no reason. Clients following the Islamic faith and maintaining Islamic Finance accounts can apply to XM to change their account to Islamic in order to comply with laws...
Hmmmm....so if what you say is true, then you would have no problem with him, or anybody else, checking up with the FCA, CySEC and ASIC to see if they agree with what you are saying right?
The Pips man cometh
  • #1,068
  • Mar 1, 2017 11:52am Mar 1, 2017 11:52am
How very interesting, check this out....same question was put on another thread in this same section....and the answer was completely different:

Attached Image (click to enlarge)
Click to Enlarge Name: SWAPfr.png Size: 12 KB


OctaFX does allow SWAP- free accounts for ALL TRADERS
The Pips man cometh
  • #1,069
  • Mar 1, 2017 1:31pm Mar 1, 2017 1:31pm
Quoting IcePips
{quote} Hmmmm....so if what you say is true, then you would have no problem with him, or anybody else, checking up with the FCA, CySEC and ASIC to see if they agree with what you are saying right?
Dear IcePips,

Firstly since this is a forum and the reason I participate here is to reply traders questions and help them, I would suggest you be a bit more respectful and friendly as the reason I'm here is to help and not to argue.

Now to come back to your question: An Islamic Account is called an Islamic Account for a reason and I have clearly mentioned that in a previous post where I have also explained what Islamic Finance is. I still have not understood the reason for the argument. If you took the time to read the link I have posted above which explains what Islamic Finance is you would not be attacking me or XM for any reason.

I have no problem if you wish to verify this with any of the regulators which govern our operations.

Now to come to the second post you have put up which shows a screenshot from a representative of another broker, let me clear something out for you: If the aforementioned broker which you have been in contact with has decided to offer Islamic Accounts to its customers which do not follow the religion of Islam and do not obey the Sharia Law that's their business and not for me or any regulator to judge.

Last and best if you had taken the time to visit the Islamic Account page of the broker from which you got your answer above you would very easily realize that if you choose this account you would be paying commission for every trade instead of swaps.

I have copy pasted directly from the page of the aforementioned company which you have spoken with before you attacked me -> (I do not want to post the company name as that would be unprofessional)

Islamic account has no swap applied during a rollover but a fixed fee instead. This fee is not an interest and primarily depends on the direction of your position.

As you can clearly see the company which you have been in contact with might be offering Islamic accounts to everyone but there is a catch and I have underlined that catch above.

To finalize in order for everyone to understand the topic here and hopefully close this Islamic Accounts are designed and offered to people in order to comply with their religion, they have not been designed as marketing tools neither as convenient ways to gain more clients.

Once again since I make a lot of effort to help everyone on this forum it would be only civilized to say that being respectful is not too much to ask for.

Thank you,
  • #1,072
  • Mar 1, 2017 2:55pm Mar 1, 2017 2:55pm
Quoting meyoik
XM, you are the only one turning this into a religion issue, the question was and has always been about SWAP free accounts, religion was NEVER mentioned until YOU brought it up. This is you making it about religion: {quote} This is you making it about religion again: {quote} I suggest XM sends a more professional representative to this forum as you have -as stated above- violated the Code of Conduct of this forum....and clearly have not shown any respect to forum users asking valid questions about swap free accounts.
Dear meyoik,

The only people in this forum that is deviating this discussion from the actual question is yourself and JediJones which is completely rude and out of line.

I was asked if XM offers Islamic (Swap Free Accounts to all traders) and I very transparently explained who is eligible to apply for an Islamic account which is clients that follow the Islamic Faith.

After this I have been attacked saying that this is discrimination and I have followed up explaining what Islamic Finance is with a Wikipedia Link.

Following my replies Icepips also felt it is necessary to jump into the conversation and share some screenshots from another company which I have explained in a very professional manner that he has not understood that what he was presented as an Islamic (Swap Free Account) is not a real Islamic Account (but lets say a hack of an Islamic account since there is a catch) the aforementioned company has renamed swaps into commissions and is offering it to all clients regardless.

Now to finalize this, as posted in my original reply:

Swap free - Islamic Accounts are available upon request and discretion of XM only to clients which follow the Islamic faith and maintain Islamic Finance bank accounts.

There is no discrimination in my original answer, no prejudice or anything of the sort. Islamic accounts are made and designed for clients based in regions complying with the Sharia Law. I am not making this into a religious topic and I have no gain to do so. The facts are the facts.

Once again I would recommend you appreciate the fact that I am here to reply to traders questions and present them correct answers which in many cases are not the ones they want to hear. The only person violating the code of conduct of this forum are people bullying or attacking other members.

Thank you,
  • #1,073
  • Mar 1, 2017 7:25pm Mar 1, 2017 7:25pm
Thank you XM. Syukran.
  • #1,074
  • Mar 8, 2017 10:15am Mar 8, 2017 10:15am
Wow that thread went down south very quickly.

Instead of using energy to fight on forums, one should focus on trading properly!

I just received almost 2000$ from XM on my skrill, basically instant withdrawal = http://photoshar.in/2000-usd-skrill-xm-withdrawal-proof

Goodluck everybody
  • #1,075
  • Mar 12, 2017 6:10am Mar 12, 2017 6:10am
Does XM have negative balance protection for customers?
  • #1,076
  • Mar 12, 2017 2:14pm Mar 12, 2017 2:14pm
I have been using XM for a long time.
Unfortunately i have been losing money as a trader on XM through no fault of XM.

I would therefore highly recommend them as a broker.

Till the time i am in positive territory and unable to withdraw funds which i think is highly unlikely.
I stand to state that i will try to turn my negative returns in to positive which the broker is not at any fault.

Cheers.

So far XM has been a great broker.
  • #1,077
  • Mar 12, 2017 4:28pm Mar 12, 2017 4:28pm
Why XM doesn't change server time to GMT +3?
  • #1,078
  • Mar 13, 2017 2:38am Mar 13, 2017 2:38am
Having one hour Sunday day on your charts, what a mess here...

Jesus. Are you kidding? In 2017?

Thought all brokers grew up to the point of understanding the significance of having 5 daily candle week. Not XM.
  • #1,079
  • Mar 13, 2017 3:52am Mar 13, 2017 3:52am
Quoting Saeids1333
Does XM have negative balance protection for customers?
yes it does
  • #1,080
  • Mar 13, 2017 3:58am Mar 13, 2017 3:58am
Quoting Saeids1333
Does XM have negative balance protection for customers?
Dear Saeids1333,

I can confirm XM offers Negative Balance Protection.

Thank you
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