Even the XM broker API through GAIN Capital appears restricted to Institutional and white-label partnerships, lowering the value of the AT Guru back-testing and automated trading capacities. Moreover, they offer no VPS hosting, so overlooking a clear income opportunity. No trading volume discounts were found, discouraging large-sized and more fabulous skill dealers from launching balances, even though Premium and Professional tiers that offer secondary bonuses.
The broker provides central counterparty clearing “certain Markets” through the Omnibus Segregated Clearing Account (OSCA). This isn’t the same as direct market entry to the interbank system as the broker still functions a working desk, first executing the transaction and then transferring the customer’s credit exposure into the first clearinghouse. Another application is needed to obtain access to this account functionality.
Investment Services and Products
An Extraordinary merchandise catalog comprises forex through FX through MT4, CFDs and spread bets, as well as CFDs, spread stakes and options on indexes, stocks, commodities, metals, bonds, rates of interest and cryptocurrencies. Clients may exchange greater than 4,000 shares from multiple exchanges, while the index and metal CFDs can be traded on cash or futures. Cryptocurrency coverage is restricted to five significant markets.
Commissions and Fees
Minimum and average spreads are competitive, at 0.50 pips Minimum and 0.69 pips average for EURUSD. Indexes set a 0.40 minimum spread on SP500 CFD and disperse bets but no normal range. Disclosures on different markets are confined to minimum ranges or real-time bid/ask spreads.
The broker offers fixed spreads for several indexes and Commodities and variable spreads for forex and other niches, but read the fine print as that categorization isn’t automatic.
Withdrawals are free, and no minimum deposit is required to open a free account. However, #12 a month is billed to accounts with no action For one year or more. Withdrawal and other penalties are fully disclosed within an Easy-to-read pricing page that included few omissions.