XM - What's now?
Leverage 1:888 does not apply to client registered under the EU regulated entity of the Group. The maximum leverage for Trading Point of Financial Instruments is 30:1.
We ‘Hercules Team’ has asked XM support team regarding this matter out of curiosity.
The answer is 888 represents “infinite potential“, as ∞ is an universal symbol of “infinity“.
And it is also a lucky number for some cultures.
Anyway, it is still a tricky number for calculating margins.
For margin calculation, you can use XM’s online calculator which is available for free on the official website.