Regulated Forex Trading Broker Information - About Regulated Forex Brokers
Online broker regulation is the most sought after qualification by traders when it comes to choosing an online Trusted Forex Broker to open a forex account with. Regulation is what makes an online broker to be considered as a Trusted Forex Broker, When it comes to XM Group, this online Forex and broker group is regulated & licensed 3 countries: Cyprus, Australia and Belize. XM broker Group regulation licenses are shown below and any other additional regulation information can be found on XM Regulation Webpage.
XM Group (XM) is a group of regulated online brokers. Trading Point of Financial Instruments Ltd was established in 2009 and is regulated by Cyprus Securities and Exchange Commission (CySEC 120/10), Trading Point of Financial Instruments Pty Ltd was established in 2015 & is regulated by Australian Securities and Investments Commission (ASIC 443670) & XM Global Limited was established in 2017 & is regulated by Financial Services Commission (FSC000261/158).
XM Address Book:
AUS: Level 13, 333 George Street, Sydney, NSW 2000, Australia
CY : 12 Richard & Verengaria Street, Araouzos Castle Court, Third Fl, 3042 Limassol, Cyprus
BZ : Suite 404, The Matalon, Coney Drive, Belize City, Belize
XM GROUP - Regulation & Licenses - FX Trading Broker Review
1. Cyprus
Regulated by Cyprus Security and Exchange Commission, its License Number is CySEC 120/10.
2. Australia
Regulated in Australia by ASIC, under license number AFSL 443670 - ASIC (Australian Securities and Investments Commission)
3. Belize
Regulated in Belize by Financial Services Commission (FSC000261/158)
XM is committed to full business transparency when it comes to Online trading & this is reflected in the way it operates its financial services in compliance with the regulatory authorities that it is registered and licensed with. XM provides its services according to strict financial standards specified by its financial regulators.
No Requotes FX Trading Order Execution - Real Time Market Execution of Forex Orders
No Requotes Execution Policy which aims at giving customers reasonable spreads while at the same time coupled with the no requotes execution method. XM has 100% execution rate of orders with 99.35% of all orders executed in less than 1 second (No-Requotes Policy).
Forex Account Types
Micro Account
Standard Account
XM Zero Account/XM Ultra Low Account
*Accounts availability depend on client’s country of residency.
MICRO account allows you to operate with micro trading lots, lower level of risk & it has minimum initial deposit of $5.
STANDARD trading account allows you to operate with standard lots & it has minimum initial deposit of $5.
XM ZERO account allows you to operate with standard lots, lower spread beginning at 0 pips & it has minimum initial deposit of $5. XM ZERO account has a $3.5 commission per $100,000 traded. Finally, XM ULTRA LOW account allows you to trade with either micro or standard lots, lower spreads starting from 0.6 pips & it has minimum initial deposit of $5.
Islamic Forex Accounts
Islamic accounts are swap-free, meaning there is no paying/receiving of interest. This account is suited for traders looking for Islamic Forex brokers.
Deposit/Withdraw Funds
Clients have a secure members area on their website once they have opened an account, in this client area or cabinet you can deposit/withdraw your money at any time. By clicking my account & then clicking deposit button then fill the details, for withdraw just click my account and then the withdraw button. Withdraw Requests are also processed on the same business day and receipt of funds is issued within the same day.
What Instruments are available for trading on XM
- Forex Currencies
- CFD's
- Equity Indices CFDs
- Precious Metals - Silver and Gold CFDs
- Energies - Crude Oil CFDs
- Online Stocks CFDs
- Commodities CFDs
- Cryptocurrency CFDs
Trade Forex, Gold, Energies, CFDs, Commodities CFDs, Cryptocurrency CFDs and Online Stocks CFDs
Bonus on FX Trading Account Deposit & Loyalty Bonus
1. Free VPS for clients who maintain a minimum trading account balance of USD 5,000 or currency equivalent. No end date for this promotion:
2. $30 Non-Deposit Trading Bonus for new clients only. No end date for this promotion:
3. The two-tier deposit bonus provides 50% deposit bonus up to $500 & 20% deposit bonus up to $5,000. No end date for this promotion:
4. XM Loyalty Program provides the clients XM Points (XMP) per lot traded. These XMP can be redeemed at any time for credit bonus which can be used for trading purposes only. No end date for this promotion:
* Bonus and Loyalty Program aren't eligible for clients registered under Trading Point of Financial Instruments Ltd.
Leverage
Maximum Leverage* is 1:888
Leverage* "This trading leverage is not available to all entities of the Group. The maximum leverage for clients signed up under the EU regulated entity of the Group is 30:1".
No Requotes Policy
No-re-quotes policy means this Forex broker does not requote the traders as this is a no dealing desk broker, the execution accesses interbank network meaning they have a variety of liquidity providers to take up the orders instantly form this internet-work of banks. This broker follows a no re-quotes policy for its clients making it the broker for traders looking for a non dealing-desk Forex broker and a No-Requotes Policy Online Forex Broker.
Software Platforms FX Softwares
MT4 & MT5 softwares are available for PCs, MACs, Smartphones & Tablets
Web Trader Software
Provides Web Platform & traders can login online when they are away from computer & interpret the online currency markets. The Web platform is accessible from the browser.
Forex Trading Practice Accounts
A Demo is a free practice account given to novice traders to practice trading in MetaTrader 4 & MetaTrader 5 platforms: it provides full and unlimited access to the features of the MT4 & MT5 softwares that include trading, charting & Expert Advisors automated trading.
Registration of the practice practice trading account is meant for traders to practice Forex with this demo account. NB: Demo trading accounts will be closed if they are inactive for more than 90 calendar days.
Security and Reliability
XM Forex trading platform is designed with high standards in terms of security, privacy, reliability & integrity. Information is encrypted using High Grade Encryption (TLS_RSA_WITH_AES_128_CBC_SHA, 128 bit keys) 128 bit keys, which means no third party can access information, server is secure, data is backed up in more than one location, and also uses two different server firms located away from each other meaning there is absolute no down time, forex traders always have access to servers & can trade anytime from anywhere in globe.
XM provides transaction security by the use of information encryption techniques that guarantee the security of these trades & safeguard clients' privacy through the Secure Socket Layer, SSL technology technique, otherwise known as https:
HTTPS: High Grade Encryption (TLS_RSA_WITH_AES_128_CBC_SHA, 128 bit keys) Security
Company Review - Forex Trading Broker Review
XM is a next generation investment broker enabling investors from more than 190 countries around the world to trade Forex, precious metals, and energies. XM is one of the leading Forex brokers in the world with over 1,000,000 real forex accounts opened from over 190 countries.
From the founding of the company in 2009, XM has been committed to providing fair & transparent trading conditions for all the traders irrespective of their capital worth. Traders enjoy the no requotes execution available anywhere, bolstered by a strict no requotes and no rejections policy.
