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