Why there is no profit or loss on XM Micro account? Table of Contents
XM MT4 and MT5 displays only 2 decimals
XM’s Micro account type lets you trade with very small volume, thus the resulting profit and loss could also be very low.
On XM MT4 and MT5 trading platforms, the profit and loss show only up to 2 decimals.
If the amount of your profit is smaller than $0.01 then the platforms won’t display them, although such profit and loss are also calculated in the system and will eventually appear in your trading result.
If you like to find the profit and loss you made in XM’s Micro account, you can use XM’s online calculator for free in XM Official Website.
Example of Profit and Loss Calculation
You can calculate your profits with the help of the following formula:
(Close price-open price) * Contract size * Lots
For example, you have a MICRO account (contract size is 1000), and you opened 0.01 lots of EUR/USD.
Opening price =1.29887, closing price=1.29906
The calculation would be as follows:
(1.29906-1.29887) * 1000 * 0.01 = 0.0019 USD (the result is always in the second currency of the currency pair).
As you can see, 0.0019 USD is too small a profit to be visible on your platform, as the profit shows 2 decimals.
Please check XM official website or contact the customer support with regard to the latest information and more accurate details.
XM official website is here.
Please click "Introduction of XM", if you want to know the details and the company information of XM.
(Forex Broker)
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!