You must report to the tax office. I asked for the basic registration data of the broker. Waiting for a week, stocking myself obediently, probably very secret information. I can, of course, get information through the tax service of my country, there is an agreement on the exchange of tax data between countries. But I think such extremes are not needed. I wait another week and conclude that the broker creates problems for clients, does not cooperate.
I guess MyFxBook is the last holdout for XM, as they are a major sponsor of this reviews section. But even forexfactory which was filled with cheerleaders have seen what kind of shenanigans XM are willing to perform on their clients to prevent them from making profits or even withdrawing their deposit money.
Many brokers have limits if you want to place the tp-sl or a pending order. I personally use the Standard account and do not use aggressive EA, so at the moment I am happy with this broker. XM also offer accounts under the IFSC regulator with good leverage😉
It seems XM doesn't like limit orders, you have to be several pips away from the current price to be able to place it, it's dissapointing because your only option is to rely on market execution, other brokers don't do that, i guess no one is perfect but still, limit orders are something basic.
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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