First Millionaire Trader Payment of European Forex Broker - XM
Press Release: 01/11/12
LIMASSOL, CYPRUS--(Marketwire -01/11/12)- In a payment believed to be one of the largest of its kind anywhere, in September 2011 a European forex broker paid $1,000,000 to a client, making him a foreign exchange millionaire.
Chris Wheeler, an experienced foreign currency trader, deposited $25,000 in July 2011, and was paid $1,000,000 on 13th September 2011. The millionaire protagonist of the success story proudly recommends XM.COM (Trading Point), which, as he put it, "smoothly and swiftly" processed the large payment to him.
"I started with XM.COM in July 2011 with $25,000", Mr. Wheeler says, "and withdrew 1 million USD as early as 13th September the same year. As an experienced trader I would rate XM.COM highly in terms of execution, service and fairness ... their service is of class A quality in all respects. XM.COM is professional and has business transparency, and I highly recommend them to every trader with serious business intentions."
XM, Trading Point of Financial Instruments Ltd is a successful international broker that provides online and telephone services for foreign currency exchange, with over 60 currency pairs, including CFD's and spot metals. As Costas Cleanthous, CEO of XM states, "The forex market is the largest financial market with a turnover of over $3.8 trillion a day. It provides a simpler, more convenient and less expensive alternative to the stock, options and futures markets. It is equally suitable for experienced and novice traders. Unlike in the stock market, in the forex market there is always a chance to make money, irrespective of market moves. It is our conviction that every eligible person in the world should be given the opportunity to trade forex. This is why we offer a 30% Welcome Bonus to anyone who opens an account with us and other periodic promotions."
One of the core values of XM is that they follow a democratic and flexible policy in terms of offering everyone an equal chance to try out trading. Open to both novice traders and professional investors, the company focuses on providing their clients with the same expertise and high quality regardless of deposit amounts, trading skills and trading goals.
"This is the first of what we hope will be many such payments", Managing Director Illias Mavrommatis, says regarding their millionaire client, Chris Wheeler. "Trading forex and other leveraged products may involve a significant level of risk", he adds, "and is not suitable for all investors. This is why we do all we can for our clients. It is so important to choose the right broker. Our clients deserve the very best in customer service, low pricing, 100% execution rate, and other benefits. And because we believe that direct contact is always the most effective way to reach through people, we run a series of regular seminars country-wide for new and experienced traders."
Tasos Papanastasiou, Non-Executive Director is convinced that Mr. Wheeler's success story has created a solid base for the credibility and trustworthiness of XM. "We created a forex millionaire who was very satisfied with our financial services and payment speed. On the other hand, we have many satisfied clients who have benefited with small or even no deposits. A novice trader took advantage of our $25 no-deposit bonus offer in the beginning of July 2011. Over a period of 60 days he built it up to $881, and the amount was paid to him on 12th September 2011. He says he had a very good experience with XM thanks to the fast trading execution and because there were no re-quotes. What he found most impressive was that XM kept all their promises in terms of services and quality."
Based on client feedback and testimonials, this is why more and more people choose XM:
-- Anyone can trade from as little as $5 USD
-- Licensed not by one but three EU regulatory authorities
-- Tight fixed and variable spreads from 1 pip
-- XM provides both individual and corporate investors with the same low spread on all currency pairs
-- Various and customized trading account types
-- Flexible leverage up to 500:1
-- No commissions or hidden fees other than spread
-- 30% Welcome Bonus and 30% Loyalty Bonus
-- 24/5 chat service and dealing desk support
-- No re-quotes, no rejections
-- Real-time, live instant deposits with no need to wait for clearance
-- Fast and easy withdrawals with no additional fees
-- Personal Account Managers for every single client
-- MetaTrader 4 automated trading platform
-- Daily market reviews for Asian and United States Sessions to facilitate trading decisions
-- Phone trading.
XM, Trading Point of Financial Instruments Ltd is a Limassol-based Cypriot company, which started operations in 2010. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 120/10, and registered with the following national regulatory authorities: Financial Services Authority (FSA), UK, 538324; BaFIN, Germany; AFM, Netherlands; Fi, Finland, and the European Commission's MiFID. XM is audited by KPMG. The management team has extensive and long-year expertise in blue chip financial service companies. During its relatively short history, the company has already become a most successful newcomer to the forex industry and one of the most sought-after brokers.