forex trading info
While XM Group is not an ECN broker, it is still the best broker in Europe and it is registered with all the major European regulatory agencies FCA in UK, BaFin in Germany, CNMV in Spain, Consob in Italy and ACP in France. In January 2016 XM had over 500,000 clients worldwide, making it one of the largest forex brokers in the world. While some traders may be surprised that I reccomend a broker based in Cyprus and also a Market Maker for large accounts, the truth is that after trying lots of brokers I ended up doing most of my trading with XM. This broker never failed me and I am trading large volumes with them for over two years already. One thing that makes XM different from other Cyprus based brokers is that XM Trading Point of Financial Services is not based in Cyprus because it was cheaper or the regulation was softer. XM is based in Cyprus because the people behind this broker are Cypriots themselves.
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There are a number of advantages that a managed account offers to the trader.
world rate exchange
A lower currency makes exports cheaper and imports more expensive, so foreign exchange rates play a significant part in determining the trading relationship between two countries.
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forex trading info