XeroMarkets Journal

Journal status: live
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XeroMarkets Profile
Year
2018
Country
SVG
Branches
1
Regulation
not regulated
Registration
FSA SVG
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Afghanistan, Australia, Cuba, Ecuador, Iran, Ivory Coast, Japan, Libya, Myanmar, North Korea, Puerto Rico, Sudan, Syria, US
Broker type
MM, DMA, ECN marketing
Dealing book
A+B hybrid book, A-book
Tier
3
Execution speed
...
LPs total
...
LPs quality
...
LPs names
...

XeroMarkets Accounts
MM
ECN
Minimum Deposit
10 $
100 $
Leverage
500 : 1
500 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
0.1 pips
0 pips
Commission
0 $/lotRT
5 $/lotRT
Volume
...
1000 lots
Margin Call
100 %
100 %
Stop Out
35 %
35 %
Execution
Market
Market
Spread
floating
floating
Scalping
no
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Help2Pay, PayPal, FasaPay, Tether, Bitcoin
Base currency
USD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
none
Update broker

Is XeroMarkets safe?

  • Investor protection: no
  • Regulation: not regulated
  • Registration: FSA SVG
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is XeroMarkets trusted?

  • Information transparency: sufficient ★★★
  • Customer service: virtually non-existent
  • XeroMarkets website: semi-detailed, updated ★★★
  • XeroMarkets popularity (by visitor count): average ★★★

How XeroMarkets works



4.1. The Company provides Market Execution on all the trading instruments. The Company applies ECN/STP model to orders’ execution, that is, all the Client’s positions are offset to the interbank liquidity providers. In some cases the orders may fail to be offset, or the Company may solely decide not to offset an order or a group of orders.

4.8.1 The Client is not allowed to enter into any form of prohibited trading i.e. certain trading techniques commonly known as "arbitrage trading", "picking/ sniping" or the use of certain automated trading systems or “Expert Advisors”; and/or follow an abusive trading strategy i.e. any trading activity which is aiming towards potential riskless profit by opening opposite orders, during periods of volatile market conditions, during news announcements, on opening gaps (trading sessions starts), or on possible gaps where the underlying instrument has been suspended or restricted on a particular market, between same or different trading accounts.

23.2. It is important to note that Slippage does not affect the Negative Balance Protection and therefore the Client will never lose more than the amount invested (including any profit, if gained), even if a slippage occurs.



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