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December 20, 2017

XM to cease offering Cryptocurrency on MT5 as of December 22nd

XM

BTCUSD(Bitcoin), DSHUSD(Dash), ETHUSD(Ethereum), LTCUSD(Litecoin) and XRPUSD(Ripple) will be unavailable for trading.

XM - What's now?

XM has updated the maximum leverage to 1:1000 in June 2022.

Leverage 1:1000 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.

XM has announced that the broker will cease offering several Cryptocurrency pairs on MT5 trading platform.

The Cryptocurrency pairs include:

  • BTCUSD(Bitcoin)
  • DSHUSD(Dash)
  • ETHUSD(Ethereum)
  • LTCUSD(Litecoin)
  • XRPUSD(Ripple)

The reason behind the decision are as follows:

  1. The current luck of trustworthy Liquidity Providers of Crypto-market, causes a difficult situation to offer high quality service for XM traders.
  2. While the lack of trustworthy Liquidity Providers doesn’t follow XM’s strict risk management policy for investors’ benefit, XM must trade with the top quality and trustworthy liquidity providers as it is the company’s service policy.
  3. XM is concerned about often widened spread and extremely high volatility that can lead to collapse of the market itself.

XM also mentioned about the difference of Cryptocurrency’s market prices among Crypto-exchanges.

All positions(including both opening and pending) on Cryptocurrency pairs will be closed by 6 pm, 22nd December(GMT+2).

You may close the positions by the time above, or the positions will be automatically closed(executed) at the last available market price.

For more information, please contact XM support team.

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