An Exclusive Interview with XM during the 2021 EA WORLD CUP First Global Trading Championship

Global Forex Broker Regulatory Inquiry APP


An Exclusive Interview with XM during the 2021 EA WORLD CUP First Global Trading Championship
WikiFX · Feb 2, 2022 5:00 AM
Abstract：As our gold sponsor of the 2021 EA WORLD CUP First Global Trading Championship, XM was established in 2009 and has become a globally well-known broker, with more than 450 professionals who have been in the financial field for many years, serving over 5 million users from 196 countries and regions.
[size]
　　As our gold sponsor of the 2021 EA WORLD CUP First Global Trading Championship, XM was established in 2009 and has become a globally well-known broker, with more than 450 professionals who have been in the financial field for many years, serving over 5 million users from 196 countries and regions. XM is currently regulated by the Belize International Financial Services Commission (Regulation No. 000261/106), the Cyprus Securities and Exchange Commission (Regulation No. 120/10), the Australian Securities and Investments Commission (Regulatory No. 443670), and the Dubai Financial Services Authority (Regulatory No. F003484). XM sponsors the 2021 EA WORLD CUP First Global Trading Championship, the 1st global trading championship held by WikiFX, which attracts more attention. Today, we are lucky enough to interview the representative of XMs market department and let you know more about this forex broker.
[/size][size][size]
　　Interview Q&A:
　　1. As we all know, XM has been a well-known forex broker for more than 10 years. I am particularly curious about what unique advantages make XM achieve such remarkable achievements during the 10-year development？
　　A: In addition to our expertise, we offer services in more than 30 languages around the world, and we have the professional team and resources to help our customers achieve their investment goals and solve their problems. We currently have over 5 million customers in 196 countries, under globally strict supervision, providing a leverage of up to 888:1 and the spread as low as 0.6 pips, which attract more customers.
　　2. Can you tell us what XM did in the past few years in terms of the safety and supervision of users' funds？
　　A: XM's top priority is to ensure the safety of our customers' funds. All customers are covered by the negative balance protection policy, so they will never risk losing more than their account balance. 25+ payment methods bring maximum convenience and security to customers. Meanwhile, XM is authorized and regulated by ASIC (Australia), CySEC (Cyprus), DFSA (Dubai), IFSC (Belize) and FSA (Seychelles), so the safety of customers' funds is guaranteed.
　　3. WiKiFX EA World Cup is underway, what do you wanna say to the global investors？
　　A: This is a great chance to show your trading ability, and you are the best, go go go!
　　4. With the development of artificial intelligence, more and more investors pay attention to EAforex trading, so what do you think of it in the future？
　　A: To start off, XM supports EA trading. Many part-time investors are participating in trading besides the full-time traders. EA is undoubtedly a great convenience for everyone. The system software and technology continue to improve, so I believe that there still has a lot of space for the EA market in the future, and more and more people will accept EA.
　　5.So how do investors choose the EA that suits them？
　　A: It is recommended that you can download multiple EA software, stimulate real trading with demo account and review regularly. Then, you compare them in many aspects such as profit, level of difficulty, time consumption to choose the most suitable EA.
　　6. According to statistics, the vast majority of EAs in the market are not reliable？ How do we avoid the potential risks？
　　A: First of all, we should find a formal channel. Secondly, do not test the EA directly with real accounts to avoid the risk of loss. Thirdly, use demo accounts for testing, stay patient and set a deadline for yourself, for instance, test 5 EAs within 2 months. Finally, find the most suitable EA before applying it to real account.
　　7.What special services does XM provide for EA trading users？
　　A: We currently provide EA terminal installation and testing tutorials on the XM official website. Please feel free to contact the 24/5 online customer service about the EA installation.
　　8. Can you tell us what business adjustment and layout XM will have next year？
　　A: XM is always following the trend of the times, with the “people-oriented” idea, providing tailor-made products and services for customers. In 2022, XM will continue to stick to this concept and bring more benefits and products, please stay tuned!
　　9.The pandemic has not yet been effectively controlled in the world, so what kind of impact will this virus have on the future forex market？
　　A: The pandemic will have several outbreaks every year. When a country has an outbreak, the indicators like unemployment rate will be affected, as well as the local economy and exchange rate. During the outbreak, safe-haven assets will be sought after by investors, such as gold. For the overall trading volume, it is favorable, because many people stay at home without jobs due to the pandemic, and they have a lot of time to watch the market and trade. So the impact of the pandemic on the forex market is not a pretty big deal. In this special period, we should try to set a stop loss when trading to avoid the black swan.
　　10.How do forex investors response to the market in 2022？
　　A: Pay more attention to the fundamental news, set a stop loss when trading and hold safe-haven currencies or assets for a long term.
　　Conclusion:
　　As the top forex broker, XM has been popular in the industry for many years. WikiFX is in partnership with the Gold sponsor broker, XM, to give great rewards to our contestants during the 2021 EA WORLD CUP First Global Trading Championship. In order to encourage our participants,we have prepared a grand prize for the inaugural EA World Cup -- a global ranking total prize pool worth $131,600. The champion can win up to $10,000 cash and $30,000 real account funds. In addition, those who are in the Top 10 of the global ranking will also win the official certificates of the competition. Winners can participate in the WikiFXs 2022 offline exhibition for free, and WikiFX will cover airfare and star-rated hotel costs for the entire trip.
　　For more information about the competition, please check out our official website (https://www.eawikifx2.com/). WikiFX offers you an authoritative platform to check the information of a broker that you are seeking. It contains details of more than 31,000 global forex brokers, which gives you a huge advantage while seeking the best forex brokers. Or You can download the WikiFX APP for free through this link (https://www.wikifx.com/en/download.html). Running well in both the Android system and IOS system, the WikiFX APP offers you the easiest and most convenient way to seek the brokers that you are curious about.
[/size][/size]