In this article.XM (XM trading)This section explains what the stop level of the
XMwellCompletely free demo account versionis available, so you can try it out risk-free.
Also, XM is giving away a $30 trading bonus to anyone who opens a new account!For more information, visit the official website atPlease check from the following links.
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Click here for the official XM website.
*Now we're giving away a $30 bonus!
What is the XM stop level?
The XM stop level is the price at which an order can only be placed after the order price (limit price) has been determined, such as a limit order or stop order, and is at least a certain point away from the current rate.
The XM stop level can be found in the specifications section of the official MT4 or MT5 website. Stop levels are expressed in points, e.g. [1 pips = 10 points].
This means that unlike market orders, which are executed immediately after they are placed, stop levels apply to pending or reserved orders, such as limit orders, which are not executed until the current rate is reached.
If you fill in the [Price] field of the order form for a XM limit order with a rate that does not specifically meet the stop level, the order button will remain greyed out and you will not be able to submit the order.
The disadvantage was that stop levels also applied to stop-loss and stop-take on settlement orders, making it impossible to settle at the desired price.
The XM stop level was not beneficial to users, so it is pleasing to see it reduced to zero.
How to check the stop level of XM
There are two ways to find out the XM stop level: on the website or in the trading tools (MT4 and MT5).
How to check on the website.
Official website of XM Tradingand click on Transactions.
From the trading menu, select [fx trading] for each instrument.
At the far right of the list of conditions for each instrument is [Limit and Stop Limit Levels], which is the stop level.
How to check with trading tools (MT4, MT5).
From the quote display area, select the currency pair, etc. for which you want to check the stop level, then right-click → select [Specifications].
This will open a detailed trading conditions window for the selected currency pair, etc., in which the stop level is displayed.
Benefits of 0 stop level for XM.
The advantage of the zero stop level of XM is that you can set the price you want when placing a limit order.
Previously, with stop levels, it was difficult to place an order at the desired price and the order had to be placed taking into account the stop level of the currency pair and the current rate.
Now you can enter at the price you want to buy or sell at, so you can target profits without disrupting your personal trading strategy.
Another advantage of the stop level is that it allows the user to set an optional stop loss or take profit price for new orders as well as for settlement orders.
It does not make sense to be aware of the XM stop level and set a stop loss at a price too far away from the current rate to avoid the risk of incurring significant losses.
The same applies to profit-taking, with stop levels that are too wide to aim for maximum profit.
With the XM zero stop level, you can enter and exit at a price that suits you, minimising losses and maximising profits.
So the XM stop level was improved to zero!
And there's a deposit bonus.
I might try a real trade with a small amount of money.- Capello (@2ivxvHttmBTdzSu) September 5, 2021
↓arrow (mark or symbol)
Click here for the official XM website.
*Now we're giving away a $30 bonus!
summary
In this article.XM (XM trading)This section explained what the stop level of the
XMwellCompletely free demo account versionis available, so you can try it out risk-free.
Also, XM is giving away a $30 trading bonus to anyone who opens a new account!For more information, visit the official website atPlease check from the following links.
↓arrow (mark or symbol)
Click here for the official XM website.
*Now we're giving away a $30 bonus!