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