Xm forex programs usually allow you to limit losses on a trade. This option is called stop-loss. This option should be used if you do not want to lose the whole deposit at once. Stop-loss allows you to automatically close a trade when the loss reaches the limit you set.
Suppose your deposit has grown to $1000. And you don’t want to lose it all in one unsuccessful trade. Then set a stop-loss – give the forex dealer an instruction to close the trade when the loss reaches, for example, $100. This way you can save the remaining $900 of your deposit.
Unfortunately, the stop-loss option is not available in all forex programs. If it is not, you will either have to risk the entire amount or withdraw money from your forex trading account each time and leave there only a deposit that you are not afraid of losing.
Most importantly, he must have a license from the Bank of Russia.
If there is no Russian license, the risk is not justified by anything. These are either outright swindlers with whom you will definitely lose money, or foreign companies that work in our country illegally. And in case of problems you will have to sue them in the country where they are registered. You can read more about forex dealers without a license in the article “Illegal forex: how not to get caught by the rod of swindlers”.