One of Best Broker for XAUUSD for EA Robots & Traders
Traders looking and searching for brokers which allow all types of trading can trade with XM where all strategies are welcome without any restrictions. The Following are some of the advantages/benefits of trading with this STP online broker.
5 Reasons Why XM is one of the Best Online Broker for Trader
No Requotes - for trading to be profitable the trader knows that they require all their trade orders to be executed quickly without re-quotes because for traders, speed of execution matters and a trader requires very fast execution to execute numerous trade positions that they execute on the market.
If a trader were to use a broker implementing requotes then it's most likely and probably the trader may encounter hundreds of them per day. With many traders making between 20 - 100 hundred trade positions a day, a few requotes will add up to many requotes in a fast moving markets & when these re-quotes increase it can get to the level where even opening a single trade becomes impossible that is due to many re-quotes let alone opening & executing a number of trades.
With a No-Re quotes policy it means a xauusd/gold trader can trade as many times as they want without ever receiving a re-quote.
Trade Execution with no requotes will have numerous and many liquidity providers such that at any given time there is enough liquidity to guarantee a buy or sell order is opened instantaneously.
For a trader the execution rate can make the difference between making profits or making losses, this is why it's best to scalp with a no requotes execution policy.
Order Execution Rate of 100 % with 99.35 % of orders executed within time of less than 1 second
All orders are guaranteed to be executed and the execution rate of XM is 100% with 99.35 percentage of all orders being executed within time of less than one second. This the reason/explanation why this is one of the best broker.
EAs are Allowed
Gold bots are allowed & traders implementing automated bots can trade with this broker using their EAs.
No Virtual-Dealer Plug-in
With XM there is no virtual dealer plug-in software meaning your trading strategy won't get any interference during the trade order execution. This is especially crucial for traders using EA(Expert Advisor) Robots as their Expert Advisors(EAs) can trade free in the market without any execution interference from the broker, like re-quotes or off-quotes, therefore the more the chances that your winning strategy will produce the same profitable results as it did when you were back-testing it.
Trade During Even News Times
One of the popular trading times is when there's an economic news information report. At XM broker traders can trade even during economic information times this is made possible by the fact that XM has multiple liquidity providers that guarantee order execution at any time in the open market, hence there is no restriction on trading even during the news data reports times.
Fills of upto 50 Lots
For trades execution is guaranteed upto trades of 50 Lots on 1 single trade. Stoploss also is guaranteed for any trade order at any price set by a trader. This again is made possible by availability of multiple liquidity providers providing for enough liquidity at all the times so as to guarantee trade order execution of all orders at all the times.
Free VPS Hosting Service
Free VPS for Expert Advisor(EA) hosting is provided and traders can install their automated bot on the VPS server & have their EA Bots online 24-7. A VPS is a better option for running your EA, where instead of running the EA from your Personal Computer, the EA is hosted on a Virtual Private server & the EA can trade on the market throughout because the VPS server is on throughout 24-7.
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