To Handoko Yoga
As an independent trader, you have the freedom to choose a broker as a trading partner. Choose a broker according to your financial condition. Pay attention to the services and facilities offered, also pay attention to the clarity of identity, as well as its track record. For those who use regulation as a benchmark, choose a broker that has regulatory protection.
1. It is advisable not to keep funds in one account/broker.
2. Regarding an explanation of this broker, you can further listen about Broker XM
Thanks
@ Handoko Yoga:
1. I wouldn't dare because the deposit and withdrawal system can use third parties such as e-currency companies like Webmoney (also read: Deposit and Withdrawal at XM).
As is known, in the past there were 2 large e-currency companies that scammed, namely e-gold and Liberty Reserve (LR). Although the broker XM.com is regulated by the FCA in England (a credible regulatory body), and you may use wire transfers for deposits and withdrawals (not using the services of e-currency companies), the broker's cooperation with e-currency companies is questionable.
2. XM claims to be an STP (Straight Through Processing) and DMA (Direct Market Access) broker that is contractually linked to certain banks as its liquidity providers.