Dear All,
It is very hard to be official representative of XM and to become as any client or less.
But also what happened to me from other point of view made me happy
Because I think this helped me a lot to
see how are our clients Feel when they have problems!!
Do not think I am here to blame XM
I am here for three reasons as I said in my previous posts
_ To Find solution to my case
_ To Let XM see where the issue to fix it
_ To Find solution to our clients problem
I saw here 5 problems and a lot of my clients here in Romania have the same one.
Their voice was not heard and all of them got the same answer!!
Let us drop a look and read this 5 threads
https://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/28659-xm-trading-point-scam.html
https://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/31088-xm-com-scam.html
https://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/31538-s-x-sca-m-not-xm.html
https://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/31539-i-got-scam-xm-second-times-i-have-nothing-say-anymore.html
https://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/31782-xm-scam-broker.html
Do not think That I wrote the following to force XM to find solution for my case
I wrote here the following in this thread because I want to Let XM see where is the Problems
Dear All,
What is Arbitrage:
If a new client opens an account with one broker and another account with same broker or with a different broker, and then deposits $10,000 in each account, he then receives a bonus of $10,000 in each account.
The trader can then go long on XAU/USD (or any other volatile product) at 400:1 with the first account and short the same trade with the Account. Eventually one of the accounts will lose $20,000 and the other will make $20,000 When the losing account reaches $20,000 the client will close the winning position and walk away. Subsequently he could withdraw the $20,000 profit and initial deposit from the first account and leave the $10,000 credit loss in the second account held .In this scenario, the client could accrue a risk-free profit of $10,000.
How do you use an arbitrage strategy in forex trading?
Forex arbitrage is a risk-free trading strategy that allows retail forex traders to make a profit with no open currency exposure. The strategy involves acting fast on opportunities presented by pricing inefficiencies, while they exist. This type of arbitrage trading involves the buying and selling of different currency pairs to exploit any inefficiency of pricing. If we take a look at the following example, we can better understand how this strategy works.
Example - Arbitrage Currency Trading
The current exchange rates of the EUR/USD, EUR/GBP, GBP/USD pairs are 1.1837, 0.7231, and 1.6388 respectively. In this case, a forex trader could buy one mini-lot of EUR for $11,837 USD. The trader could then sell the 10,000 Euros, for 7,231 British pounds. The 7,231 GBP, could then be sold for $11,850 USD, for a profit of $13 per trade, with no open exposure as long positions cancel short positions in each currency. The same trade using normal lots (rather than mini-lots) of 100K, would yield a profit of $130. This can be continued until the pricing error is traded away.
As with other arbitrage strategies, the act of exploiting the pricing inefficiencies will correct the problem so traders must be ready to act quickly. For this reason, these opportunities are often around for a very short-time, before being acted upon. Arbitrage currency trading requires the availability of real-time pricing quotes, and the ability to act fast on the opportunities.
This constitutes arbitrage, and in most cases, especially
if a Dealing Desk is in place and the firm is a Market Maker
The dealers will be able to notice a pattern and figure out that arbitrage has taken place,
and in some cases, cancel all profitable trades.
Dear Andry,
Can I ask you how you define the trades as arbitrage!!
My Question here:
If XM station work as ECN/STP?
I think XM station do not not work as ECN/STP
Because does not check current market price just gives the trade a go ahead!!
In
an ECN/STP environment it is virtually impossible to engage in arbitrage trading.
If traders at the news make the right trade, that was the price at that instant in time = good reflexes/judgement.
The only conceivable exception would be a wild spike giving a false read which can be researched to see if this happened else were,
XM is not claiming this here.
Where is the
Execution with no re-quotes and no rejection of orders.
Why you reject a traders orders.. and hides behind the action of a market maker??
Either you do not reject trades or you reject trades.
Be it on the same account or another, should not matter who's it is! Time is irrelevant!
There is a pattern emerging, I think if you do not like the way one trades!!
For the
middle office to push the XM employee to copy and paste the same answer to let everyone see the clients are wrong!!
I'm surprised by your claim of arbitrage against our clients.
I think we must find solution..
I think you must fix XM station!
King Regards,
