Scam Alert – XM Trade

On 7 August, I had two pending Buy Limit orders on GOLD around 4325 and 4328. I was actively monitoring them and did not place market orders during the news movement. However, both orders were executed at 4352.84, resulting in significant losses and eventually a Stop Out. I contacted XM multiple times and provided screenshots, Trade IDs and the platform log file. Their response has repeatedly been that it was normal NFP slippage/volatility. My concern is not that slippage can happen. My concern is how a pending Buy Limit order around 4325–4328 was executed at 4352.84. I have now formally requested XM to provide the exact server-side Bid/Ask prices, trigger timestamps and execution audit trail for these trades. I'm posting this to make other traders aware and to ask: Has anyone experienced something similar with XM, especially during NFP or other high-impact news? I will update this post once XM provides the actual execution data.

6 comments held Reddit says 0 on reddit ↗

u/Traderocks 1 14 hours ago

Maybe lots of volume like they are saying could’ve moved so fast your internet made it to where you didn’t even see all that happened.
u/AdmirableLadder7469 OP 1 14 hours ago

Dude, it was Buy Limit Order already placed 5 minutes earlier than the news. What has internet need to do with that?
u/Tough-Country-8729 1 14 hours ago

A buy limit at 4325 hitting 4352 isn't just fast internet being out of sync, that's a massive gap. Even in NFP chaos that seems extreme, hopefully they share those audit logs.
u/Small-Strawberry-646 1 13 hours ago

". My concern is how a pending Buy Limit order around 4325–4328 was executed at 4352.84." jeez fuck, come on people its basic knowledge and you should not be trading if you dont know how shit works. YOU ARE FILLED AT THE NEXT AVAILABLE PRICE.......
u/Comprehensive-Tea-75 1 13 hours ago

Don't trade around nfp. It's not a scam. Spread can go craziest around a massive monthly news event like that.
u/IllGene2373 1 12 hours ago

Lmao XM trade can act as counter party to your trades because it’s a market maker model. Yeah they fucked you but you’re dumb to be trading on there in the first place. It’s like playing blackjack at a casino where the house can decide which hands you play.