Beginner Commodity Trading Broker
Best Commodity Broker for Beginners
Regulated Commodity Trading Broker Information
Online commodity broker regulation is the most sought after qualification by traders when it comes to choosing an online commodity broker to open an account with. Regulation is what makes an online commodity broker to be considered as a reliable broker, When it comes to XM Group, this online Commodity Trading and commodity broker group is regulated and licensed 3 countries: Cyprus, Australia, UK and 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 & is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10), Trading Point of Financial Instruments Pty Ltd was established in 2015 and is regulated by Australian Securities & Investments Commission (ASIC 443670), Trading Point of Financial Instruments UK Ltd was established in 2016 & is regulated by Financial Conduct Authority (FCA 705428) & XM Global Limited was established in 2017 & is regulated by Financial Services Commission (FSC000261/158).
XM Address Book :
UK: Citypoint Building 1 Ropemaker Street EC2Y 9HT London, UK AUS : Level 13, 333 George Street, Sydney, NSW 2000, Australia
CY : 12 Richard & Verengaria Strt, Araouzos Castle Court, Third Fl, 3042 Limassol, Cyprus
BZ : Suite 404, Matalon, Coney Drive, Belize City, Belize
XM GROUP - Regulation & Licenses - Commodities Trading Broker Reviews
1. Cyprus
Regulated by Cyprus Security & Exchange Commission, its License Number is - CySEC 120/10.
2. Australia
Regulated in Australia by ASIC, under license number AFSL 443670 - ASIC (Australian Securities & Investments Commission)
3. UK - United Kingdom
Registered with the FCA in UK, under registration number 705428 - FCA (Financial Conduct Authority)
4. 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 & licensed with. XM provides its services according to strict financial standards specified by its financial regulators.
Real Time Market Execution of Commodities 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).
Commodity Trading Account Types
Micro Commodity Trading Account
Standard Commodities 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 lots, lower level of risk & it has minimum initial deposit of $5.
The STANDARD account allows you to trade with standard trading lots & it has minimum initial deposit of $5.
XM ZERO trading account allows you to trade with standard trading 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 Commodities Trading Accounts
Islamic accounts are swapfree, meaning there's no paying/receiving of interest. This commodities account is suited for traders looking for Islamic commodities trading 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 & 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 & Commodity Trading CFDs
- Energies - Crude Oil CFDs
- Online Stocks CFDs
- Commodities Trading CFDs
- Cryptocurrency CFDs
Trade Forex, Gold, Energies, CFDs, Commodities Trading CFDs, Cryptocurrency CFDs and Online Stocks CFDs
Bonus on Commodity Trading Account Deposit & 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 Acconut signup Bonus for new clients only. No end date for this trading bonus promotion:
3. Two-tier deposit bonus offers 50% deposit bonus upto $500 & 20% deposit bonus up to $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 and Loyalty Program are not eligible for clients signed up under Trading Point of Financial Instruments Ltd.
Leverage
Maximum Leverage* is 1:888
Leverage* "This leverage is not available to all the entities of the Group. Maximum leverage for clients registered under the EU regulated entity of the Group is 30:1".
No Requotes Policy
The No-requotes policy means this commodity broker does not requote the traders as this is a no dealing desk commodities broker, the execution accesses interbank network meaning they have a variety of liquidity providers to take up the commodity orders instantly form this internetwork of banks. This commodity broker follows a no re-quotes policy for its clients making it the broker for traders looking for a non dealing desk commodities broker & a No-Requotes Policy Online Commodity Trading Broker.
Software Platforms Commodity Trading Platforms
MT4 & MT5 commodities platforms are available for PCs, MACs, Smartphones and Tablets
Web-Trader Software
Provides Web Platform & traders can login online when they are away from computer and analyze the online commodity markets. Web platform is accessible from the browser.
Commodities Demo Accounts
A Demo is a free practice account given to novice traders to practice trading on MT4 & MT5 commodities trading softwares: it provides full & unlimited access to the features of the MT4 and MT5 commodities trading platforms that include trading, charting & Expert Advisors automated trading.
Registration of the practice practice commodities trading account is meant for traders to practice Commodity Trading with this demo account. Note: Demo accounts will be closed if they are inactive for more than 90 calendar days.
Security & Reliability
XM commodity trading software is designed with high standards in terms of security, privacy, reliability & integrity. Data is encrypted using High Grade Data Encryption (TLS_RSA_WITH_AES_128_CBC_SHA, 128 bit keys) 128 bit keys, which means that 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, commodity traders always have access to the servers & can trade anytime from anywhere in the world.
XM provides transaction security by use of information encryption method that guarantee security of these trade transactions and safeguard clients’ privacy through the Secure Socket Layer, SSL technology method, otherwise known as https:
HTTPS: High Grade Information Encryption (TLS_RSA_WITH_AES_128_CBC_SHA, 128 bit keys) Security
Company Review - Commodities Trading Broker Review
XM is a next generation investment broker enabling traders from more than 190 countries around the globe to trade Commodity Trading, precious metals, Commodity Trading & energies. XM is one of the leading commodities brokers in the globe with over 1,000,000 live accounts opened from over 190 countries.
From founding of the company in 2009, XM broker has been committed to providing fair and transparent trading conditions for all the traders irrespective of their capital worth. Commodity traders enjoy the no requotes execution available anywhere, bolstered by a strict no re quotes and no rejections policy.
What Broker is the Best Commodity Trading Broker for Beginners? - Best Commodity Trading Broker for Beginner Traders - Beginner Commodity Trading Broker
