XM’s FAQs – Page 14 – Hercules.Finance

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I closed trades but don't see any profit/loss on XM MT4. Why is that?

MetaTrader4 trading platform only shows profit/loss up to 2 decimals. Thus the profit and loss can be shown as below: 12345.67 But, if the profit and loss is even smaller than then 2 decimal, then the platform won't show the numbers...

I can't choose the Leverage 1:1000 at the account opening of XM. Why is that?

XM does offer the maximum leverage 1:1000 for traders though, there are some regions where XM only offers the leverage up to 1:500. If the XM official website you are referring to, shows that the leverage is only up to 1:500, then you...

Does XM allow News Time Trading & Scalping trades? Any possibilities of profit cancellation on this kind of trades?

Yes, XM does allow scalping and Tradings during News Time. As a NDD broker, XM does not restrict any trading methods on both of the trading platform, MT4 and MT5. Although, if you have joined certain bonus promotions which restrict...

Can I trade 24 hours a day with XM? What are the trading hours on XM MT4 and MT5?

The financial market on XM is open for 24 hours on weekdays, but there is a 15 minutes break on weekend. Thus the the trading hour is from Sunday 22:05 to Friday 21:50 in GMT. In MT4 or MT5 server time(GMT+2/3 in summer time), the ...

All my open positions are closed with loss automatically on XM MT4/MT5. Why is that?

XM does not close your open positions automatically, unless your live account's "Margin Level" reaches to 20%. "Margin is the amount of collateral to cover any credit risks arising during your trading operations." "Margin Level...

How to change the base currency of my XM MT4 or MT5 account?

You can not change a base currency of your Live Account. If you like to have a live account in another currency, please open an additional account with your preferred currency. You can have up to 10 live accounts at the same time w...

What are the conditions of XM's Islamic Swap Free accounts?

Islamic Trading: An Insight into XM's Shariah-Compliant Trading Accounts In the financial landscape, XM presents a unique opportunity for investors who adhere to the tenets of the Islamic faith. XM offers 100% Shariah law compliant tr...

Any extra charges or commissions on XM's Islamic Swap Free account? What are the conditions?

XM strongly against "Swap Free in Disguise". As many brokers charge extra fees for using an "Islamic Swap Free" account. Thus, for "Islamic Swap Free accounts", XM does not charge no interest/swap charges on overnight positions, No...

Does XM offer Islamic(Shariah) MT4 and MT5 account with Swap Free conditions?

Yes, XM does offer "Islamic Swap Free" accounts through both MT4 and MT5 trading platforms. The trading conditions are the same as each normal account type though, only the Leverage will be restricted to 1:500. XM makes sure that t...

Overnight Swap Points Calculation formula of FX, Commodity, Index, Share and ETF CFDs

What is Swap - Overnight Financing (Charges)? Swap can be credited and debited Swap Point Calculation of Forex currency pairs An Example of Swap Points (Charges) of Forex currency pairs Another way of Swap Points (Charges) calcul...