Suran replies to: XM

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{quote} totally agree with you. pure bucketshop broker

Dear Juisen25,

Would you mind to elaborate more on your statement?

Because according to Wikipedia, the definition of a bucket shop is the following:

As defined by the U.S. Supreme Court, a bucket shop is “an establishment, nominally for the transaction of a stock exchange business, or business of similar character, but really for the registration of bets, or wagers, usually for small amounts, on the rise or fall of the prices of stocks, grain, oil, etc., there being no transfer or delivery of the stock or commodities nominally dealt in.”

According to reality:

XM is operating 27 Real MT4 Servers, making it the second biggest MT4 broker in the world after FOREX.COM.

At the time of writing this message XM has opened over One and a Half million live real unique accounts, 1,867,183 live real unique accounts to be precise and serving them proudly.

If I was to add the demo clients to the total real account holders the number would add up to something more than 6 Million Clients.

From what I see you are posting from Bangladesh,

So to make things easier for you to understand your capital city Dhaka has a population of around 7 Million People, so imagine our client base is approximately the whole of your capital city.

I would say we are quite a big shop to be labelled “a bucket shop” wouldn’t you?

P.S -> I have visited Dhaka few years back, great city, nice people.

I hope my reply was helpful.

Thank you,

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