WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
Global Broker Regulation & Inquiry App
Broker Search
English

简体中文

繁體中文

English

Pусский

日本語

ภาษาไทย

Tiếng Việt

Bahasa Indonesia

Español

हिन्दी

Filippiiniläinen

Français

Deutsch

Português

Türkçe

한국어

العربية

Download
Resolved
My orders were closed at the level that never came up
Object
XM XM
Issue

Severe Slippage

Requirement

2020031816211517242

Amount

$940(USD)

Time

30day7hour

Mediation Progress
Resolved
Eʟɪᴀᴜᴋ.74136
Reply
XM
Dear customer, first of all thank you for choosing and trusting XM us! Regarding your complaint that the platform automatically liquidated your four orders for no reason, we sent this to relevant departments as soon as possible and conducted in-depth investigations. Now we'd like to give the following responses. First of all, your four orders are all trading standard gold short orders, which are: 0.25 standard lot GOLD short order (#161578432), the liquidation time is 15:30:03 platform time on September 4, 2020, and the liquidation ratio is -57.04%; 0.20 standard lot GOLD short order (#161578519), the liquidation time is 15:30:03 platform time on September 4, 2020, and the liquidation ratio is -77.25%; 0.15 standard lot GOLD short order (#161617789), the liquidation time is 15:30:03 platform time on September 4, 2020, and the liquidation ratio is -115.37%; and 0.15 standard lot GOLD short order (#161632523), the liquidation time is at 15:30:04 platform time on September 4, 2020, and the liquidation ratio is -230.54%. Since all you placed were short orders, the short order needed to be closed at the bid price whereas the K-line chart showed the ask price, so the price on the K-line chart plus the current spread is the bid price. XM is a floating spread and follows the STP order selling mode. All customer orders are traded at the market price. Please refer to the actual market price at that time. Secondly, according to the relevant terms and regulations of XM, when a transaction order occupies a margin, the prepayment ratio is as low as 20%, and the system will liquidate (the ratio of liquidation = net value/used margin *100%). In the case of opening positions, the net value displayed on the MT4/MT5 terminal = balance + credit (bonus) ± profit and loss ± overnight interest. To view the XM liquidation standard, please visit the relevant interface of the official website: https://www.xm-china.com/cn/margin-and-leverage. In addition, after detailed verification made by the back office, data on the non-agricultural employment population changed after seasonal adjustments in the United States,and the data was released at that time (see Annex 1 for details, and the screenshots are platform time), which caused market prices to fluctuate rapidly and increase/decrease rapidly where spreads might be widened. At that time, the price of GOLD fluctuated rapidly at 15:30 platform time on September 4, 2020, resulting in a large price fluctuation within one minute. The highest price in one minute on the K-line chart was 1947.45, and the lowest price was 1934.39, which fluctuated up and down 1306 points in one minute (see Annex 2 for details, the second digit after the decimal point is a basis point). Due to the widening of spreads and insufficient funds in the account at that time, the prepayment ratio when your order was liquidated was as low as 20% (you can check the prepayment ratio when liquidation is in the MT4/MT5 account history), resulting in liquidation. At the same time, here is the link of the economic calendar provided by the platform: https://www.xm-china.com/cn/calendar as a reference for you to avoid trading when major news and economic data are released next time. Finally, please control your position reasonably. Since your order is as low as 20% of the prepayment ratio, XM cannot compensate you. Hope you could understand! Thank you again for your support and understanding of XM! Thanks!

Reply

Contact Broker
WikiFX Overseas Customer Service

Contact Broker

Verified
WikiFX Mediation Center

Verified

Start Mediation
Eʟɪᴀᴜᴋ.74136
My orders of XAU/USD were closed at 1948.49 and 1948.78 last Friday night. However, the highest level of XAU/USD was 1947.35. The spread was five pips and didn’t be changed. I watched the market but my orders were closed at these two levels. I complained but was ignored. I want then to show the evidence that these two levels showed up they didn’t show me and stressed that positions can be closed when it lower than the level then ignored me. Such kind of situation came up more than once. I can’t stand this time.

Start Mediation

Statement:

1. The above content only represent personal view, do not represent WikiFX's position
2. Unauthorized reprints of cases in this platform are prohibited. Offenders will be pursued their legal obligations

To view more

Please download WikiFX APP

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com