Explanation of XM (XMtrading) prohibitions.

In this article.XM (XMtrading)This section explains the prohibition of

What does the XM ban cover?

Bilateral transactions between multiple accounts (between different accounts)

This is a bilateral transaction between multiple accounts (between different accounts).

XM allows up to eight accounts per account, but it is a breach of the Terms and Conditions to open more than one account within XM and to open both accounts.

Positions that hedge one currency (the euro), such as the latter, are also prohibited.

If you're going to operate from just one account, that's not a problem.Note that if you open multiple accounts, you may unintentionally fall into this double-dealing category.。

Double-digit (hedging) trading using another company's account.

It is also forbidden to open both sides of a trade with foreign FX firms other than XM (GEMFOERX, TitanFX, TradeView).

Many people open multiple accounts to make the most of bonuses and hedge risk, but care should be taken when operating in more than one account.

Trading only for window filling

In the foreign exchange market, [windows], which are price deviations from the previous week, can occur at the beginning of the week.

Such windows tend to be filled later in the week, but trading for profit solely by filling such windows is prohibited and is a breach of the Terms of Use.

If you were aiming to fill the window as a result, there is no problem, but be aware that if you repeat the process over and over again, you will be penalised in some way.

High leverage trades aimed only at economic indicator releases.

XM uses a zero-cut system, so traders do not have to pay additional fees, but the firm will make up the difference.

Trading at high leverage during the announcement of economic indicators is an opportunity to make large profits, but also a risk of large losses, as the price moves significantly.

Many traders have lost money when they haveTo reduce the burden on contractors to compensate for these losses.to understand that they are prohibited.

Arbitrage

Arbitrage trading is an attempt to profit from temporary price differences between currencies in the same price range.

Arbitrage is prohibited by many forex companies, not just XM, as it ensures a profit when price differences occur.

More and more people are using AI for arbitrage trading (arbitrage trading) these days, but be aware that you will soon be exposed and face heavy penalties.

Transactions in case of connection, server and rate errors

The next step is trading in the event of connection, server and rate errors.

Please note that it is prohibited to trade at the time of a server error, although some people rarely trade at the time of an unnatural movement in the rate during a server error.

Unauthorised acquisition of bonuses

XM offers a new account opening bonus of JPY 3,000, but it is prohibited to use false personal details to get a duplicate.

It is also prohibited to trade both sides of a transaction just for the XM points you get for each transaction.

Note that attempts to obtain bonuses fraudulently will result in bonus forfeiture as well as other penalties, which are quite cosmetic.

Transactions by self-affiliates

Self-affiliates can earn affiliate commissions of between $3 and $10 per lot by opening an account + trading through the referral link of the XM affiliate they manage.

In fact, XM's terms of use confirm that.[Courses that appear to be through your own account or under your control are not considered as commissions (remuneration)].and prohibits self-affiliation.

Note that self-affiliation can make transaction costs substantially lower, but it violates the terms and conditions!

Directly soliciting (in person, by telephone, etc.) a person residing in Japan to trade on XM.

This is not so much a XM rule as a JapaneseFinancial Services AgencyThe rules are set out by the

XM is not authorised by the Japanese Financial Services Agency as a forex firm and cannot directly conduct business activities for Japanese nationals.

It may also be illegal for XM users to solicit in person or by telephone.

Please be assured that it is nothing illegal for users to trade with XM. Just make sure you don't directly solicit them!

Penalty for breaching XM prohibitions.

If an actual breach of the rules is found, the following penalties are given

Confiscation of profits generated by the transaction.

Profits made in breach of the Code are ill-gotten gains, so forfeiture of profits is justified.

The XM side will have a heavy burden to make up for the disadvantage, which is why they are making such severe penalties.

Refusal to withdraw/confiscation of bonuses

As well as confiscation of profits, it is not surprising that the withdrawal of illicit profits due to breach of terms and conditions is also no longer possible.

Please note that breaching the terms and conditions will put you on the blacklist and prevent you from opening a new account!

Permanent freezing of trading accounts and suspension of accounts

This is the most serious penalty.

Arbitrage (arbitrage) and window trading are popular methods on the internet and are too risky to use if you don't think you won't get caught.

There is no point in seeking too much immediate profit if your account is permanently frozen or suspended, so make sure you fully understand the prohibitions before trading!

summary

This article explains the prohibitions on XM (XMtrading).