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XM GROUP FOREX BROKER - Cyprus, Australia and UK Based Forex Trading Broker Review

Online broker regulation is the most sought after qualification by currency traders when it comes to selecting an online Forex and Forex trading broker to open an account with. Regulation is what makes an online broker to be considered as a reliable broker, When it comes to XM Group, this online Forex and Forex broker group is regulated and licensed in 3 countries; Cyprus, Australia and UK. XM broker Group regulation licenses are shown below and any other additional regulation information can be found on XM Regulation Webpage.

 

XM is a trading name of Trading Point Holdings Ltd, which wholly owns Trading Point of Financial Instruments UK Ltd (XM UK), Trading Point of Financial Instruments Pty Ltd (XM Australia) and Trading Point of Financial Instruments Ltd (XM Cyprus).

XM Head Office Address: 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor 3042 Limassol, Cyprus.

 

Trading Point of Financial Instruments Ltd is regulated by CySEC with license number 120/10, Trading Point of Financial Instruments Pty Ltd is regulated by ASIC with license number 443670 and Trading Point of Financial Instruments UK Ltd is regulated by FCA with license number 705428.


XM Address Book:

UK: Citypoint Building 1 Ropemaker Street EC2Y 9HT London, UK
AUS: Level 13, 167 Macquarie House, Macquarie Street Sydney 2000, NSW, Australia
CY: 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus

 

XM GROUP - Regulation and Licenses

 

1. Cyprus

Licensed and Regulated in the EU, It is also 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. UK - United Kingdom

Registered with the FSA in UK, under registration number 705428 - FSA (Financial Services Authority)

 

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 is registered and licensed with. XM provides its services according to strict financial standards specified by its financial regulators.

 

No Requotes Execution - Real Time Market Execution

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 Zero Account - This account provides spreads as low as 0.1 for traders looking for a low spread online broker. (For this account there is an additional commission of $3.5 per $100,000 traded on top of the spreads). This is the account for high frequency EA automated trading strategies and traders who look for less than 1 pip Forex broker. However, note there is the additional $3.5 per $100,000 traded.


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 and 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
  • Precious Metals - Silver and Gold
  • Energies - Crude Oil
  • Online Stocks CFDS
  • Cryptocurrencies CFDs
  • Commodities CFDs

Trade Forex, Gold, Forex, Energies, CFDs, Commodities, Cryptocurrencies and Online Stocks CFDs


Bonus on Deposit and Loyalty Bonus

50% deposit bonus up to $500 dollars and

20% deposit bonus up to $5,000 dollars bonus is given on opening an account.

 

NB: Trading Bonus and Loyalty Program are not eligible for clients registered under Trading Point of Financial Instruments Ltd and Trading Point of Financial Instruments UK Ltd.

 

(New) Loyalty bonus points are given for every lot transacted

For every lot you trade you get up to 20 XMP loyalty points, 20 XMP points divide by 3 equals $6.67 cash back credit bonus for every lot that you trade.

20 XMP is for traders who have opened an account with XM for more than 100 days and have been trading for the 100 days, a trader must make a minimum of 1 trade transaction every month to qualify for the XMP loyalty points - All traders start at 10XMP, after the first month they move to 13XMP, after the second month they move to 16XMP and after 100 days move to 20XMP.

NB: Trading Bonus and Loyalty Program are not eligible for clients registered under Trading Point of Financial Instruments Ltd and Trading Point of Financial Instruments UK Ltd.

 

No Requotes Policy

The No-requotes policy means this Forex broker does not requote the traders as this is a no dealing desk Forex broker, the execution accesses interbank network meaning they have a variety of liquidity providers to take up the orders instantly form this network of banks. This broker follows a no re-quotes policy for its clients making it the fx broker for traders looking for a non dealing desk Forex broker and a No-Requotes Policy Online Forex Broker.

 

Software Platforms

Provides investors with eight currency trading Platforms: The most commonly used platform being the MetaTrader 4 platform (Desktop, MAC MT4, and Mobile Phone Platform Versions - Android, iPhone, iPad and Windows Mobile Trader) traders looking for Forex MetaTrader brokers can trade with this broker. With seven platforms you can trade your account from anywhere at any time you like.

XM also provides MetaTrader 5 Platform

 

Web Trader Platform

Provides Web Platform and traders can login online when they are away from their computer and analyze the online currency markets. The Web platform is accessible from the web browser.

 

Forex Demo Accounts

A Demo is a free practice account given to beginners to practice trading on MT4 and MT5 trading platforms; it provides full and unlimited access to the features of the MetaTrader 4 and MetaTrader 5 Forex trading platforms that include trading, charting and Expert Advisors automated trading.

Registration of the practice demo trading account is meant for traders to practice Forex with this demo account. Note: Demo accounts will be closed if they are inactive for more than 90 calendar days.

 

Security and Reliability

XM Forex trading software is designed with high standards in terms of security, privacy, reliability and 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, the 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, currency traders always have access to the servers and can trade anytime from anywhere in the world.

 

XM provides transaction security by the use of information encryption methods that guarantee security of these transactions and safeguard clients’ privacy through the Secure Socket Layer, SSL technology method, otherwise known as https:

HTTPS: High Grade Encryption (TLS_RSA_WITH_AES_128_CBC_SHA, 128 bit keys) Security


Company Review - Forex Broker Review

XM is a next generation investment firm enabling investors from 196 countries around the world to trade Forex, precious metals, Forex and energies. XM is one of the leading Forex brokers in the world with over 1,000,000 real Forex accounts opened from over 196 countries.


From the founding of the company in 2009, XM has been committed to providing fair and transparent trading conditions for all clients irrespective of their capital worth. Traders enjoy the no requotes execution available anywhere, bolstered by a strict no requotes and no rejections policy.

 

Poland FX Seminar Gala

XM Account Holders Attend Poland FX Seminar

XM Account Holders Hungary Seminar

Malaysia Seminar

XM Account Holders Thailand Seminar

Silver and Gold Online Trading

Regulated Broker

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