XM’s FAQs – Hercules.Finance

Type keywords to find answers.

FAQs and a list of Categories

You can also browse the categories below to find what you are looking for.

Recent FAQs

XM, How can I sell something that I haven't bought on MT4/MT5 platforms?

In trading this is called a short position, you borrow an instrument from a brokerage taking on an obligation to buy it back. You profit on your short position if the price for the instrument drops. Another way is to trade a CFD, o...

XM, Is my profit on MT4/MT5 considered a taxable income?

It depends upon the regulations imposed by your local authorities. As a rule, normally profits from trading should be reported in your tax return. Please check the rules and regulations governing your region in regards to taxable i...

Can I get Deposit Bonuses on XM Ultra Low Spread account?

No, you cannot get XM's Deposit Bonuses to "Ultra Low" spread account. "Ultra Low" spread account is eligible to receive only the $30 No Deposit Bonus. If you like to get XM's Deposit Bonuses, you need to open Micro, Standard or XM...

How much is the commission/fee on XM Ultra Low Spread account?

There is no extra trading commissions added to XM Ultra Low spread account. Commissions/Costs that you need to cover is only the "Spread". The spread is floating/variable, thus it can be widen at anytime due to certain market situa...

Why I don't see XM Ultra Low Spread account type in registration page?

XM's Ultra Low spread account is available to XM traders who reside in certain countries. XM is multi-licensed international company and the account type is offered by "Trading Point of Financial Instruments Pty Limited" in Australia. ...

Why Spread isn't 0.6 pip on XM Ultra Low Spread account?

XM Ultra Low Micro and Standard accounts are both provided with "Raw Spread" from 0.6 pip. No extra trading commissions are charged. The XM Ultra Low symbols are followed by a # in the Marketwatch window. For example, EURUSD will be...

How to open XM Ultra Low Spread account?

XM Ultra Low Spread account type is available in the account opening page as below. There are 2 types of "Ultra low Spread" account which are Micro and Standard account. "XM Ultra Low Micro account" and "XM Ultra Low Standard a...

Why XM has No Bonuses listed on the official website?

XM has different service conditions for certain countries. It is due to the regulation the broker is under. When you visit XM's official website, it should directly take you to the website which your country residency is applicable...

Why is XM so popular? What kind of advantages does the broker offer?

XM is not known as the largest MT4 broker(according to MetaQuotes, the developer of the platform) and it is growing rapidly these years. Now the broker is recognized as one of the most popular online FX brokers. There is a number o...

XM, Why did my trade open/close automatically on MT4?

XM offers traders the ability to place pending orders (also known as entry orders) which will initiate an open position at a price above or below the current market price. "Stop-loss" Orders and "Take-Profit" or limit orders, can also...