Will XMTrading offer any deposit bonuses or promotions for FX trading during Golden Week? We provide information. As a company, business hours will be irregular during long holidays. Every year, as Golden Week approaches, announcements regarding business hours will be made on the official website, so be careful. In addition, as trading volatility decreases, chart movements may be different from usual.
golden week trade
Actually, the culture of Golden Week is only found in Japan. Therefore, Golden Week itself is a holiday exclusive to Japan. Even during Golden Week, FX trading is carried out and market prices are moving. The same is true for any FX broker, not just XM. It’s the same as the Obon season. Of course, you can also trade during the Obon period. Obon is also part of Japanese culture. However, Obon does not exist in other countries. Funds can be withdrawn up to the normal maximum during the period, and we also hold promotions.
XM trading support
On public holidays, XM live chat may not be available. Every year, our support center may be closed during Golden Week. Be sure to check the official website before May every year to see if there are any holidays. Responses to inquiries from new customers may stop completely during this period. However, members are 100% capable of normal trading such as automatic trading.
Points to note during Golden Week
Trading is possible during Golden Week, but there are some caveats. Some people end up losing money because the chart moves differently than usual. Markets such as energy, precious metals, and virtual currencies are moving as usual, and events are also being held. Deposits can be made via the website 24 hours a day, such as bitwallet or credit card.
If using bank transfer, the deposit will be stopped.
In the case of bank transfer, the deposit will be stopped. This is because all business days are holidays. We recommend depositing by credit card or online wallet, and if the total amount reaches the minimum deposit amount, it will be reflected immediately. If you have already placed an order, be careful about position holding and margin. You can rest assured that zero cuts will be adopted.
Account activation also stops.
When opening a new account, account activation will also be suspended. This is because document verification is done visually by staff. If you do not do this, you will not be able to set up to start trading immediately, and you will not be able to participate in programs such as promos with luxurious prizes during the campaign period. You cannot receive prizes or benefits such as bonuses.
less liquidity
Public holidays in each country may result in extremely low liquidity depending on the time of day. A lack of liquidity can have many negative effects. When liquidity is low, spreads tend to widen. If the spread is open, the trade should wait and see. In addition, when the liquidity is low, there is a possibility that the market price will move greatly with a little thing.
An unusual chart
When it comes to long holidays, there is a risk that liquidity will decrease due to fewer people trading, and the chart movement may become extreme. Market fluctuations are more likely to occur due to fewer people trading. Don’t go against the big current. If you go against it, it can lead to unrealized losses.
XM Golden Week Promotion
Every year in early May, XM holds a Golden Week promotion. This is a limited-time campaign that increases the amount of your deposit bonus and gives you free gift codes. So, be sure to check the official website frequently before May every year. They often hold some kind of sales or campaigns every year. There are also cashbacks on eligible accounts, so please check the FAQ and the information that has been applied by logging in to the official website from the home page. If you can earn points from your existing investments, you can use them for high-leverage trading.
Is trading suspended during Golden Week?
You can trade FX on your account even during Golden Week, and you can withdraw and deposit money, and you can also receive bonuses. Golden Week is a long holiday, so many people will take a break from trading. Many professional traders are glued to the charts every day, so they often become mentally exhausted. It is important to take a moderate break and get a good rest. Traders also tend to stay at home, so try to go out occasionally. It will also refresh your mind.
コメント