Regulated Forex Broker Information
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 a account with. Regulation is what makes an online broker to be considered as a reliable broker, In XM Group, this online Forex & FX broker group is regulated and licensed 3 countries: Cyprus, Australia and Belize. XM broker Group regulation licenses are illustrated below and any other additional regulation info can be found on XM Regulation Webpage.
XM Online Broker Group (XM) is a cluster of regulated brokers. Trading Point of Financial Instruments Ltd was established in 2009 and is regulated by the Cyprus Securities & Exchange Commission (CySEC 120/10), Trading Point of Financial Instruments Pty Ltd was established in 2015 and is regulated by the Australian Securities & 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 Street, Sydney, NSW 2000, AustraliaCY: 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, CyprusBZ: Suite 404, The Matalon, Coney Drive, Belize City, Belize
XM GROUP - Regulation and Licenses
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 and Investments Commission)
3. Belize
Regulated in Belize by FSC (FSC000261/158)
XM is committed to max 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's registered and licensed with. XM provides its services according to strict financial standards specified by its financial regulators.
No-Re quotes Execution - Real Time Market Execution
No-Re quotes 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-Re quotes Policy).
Forex Account Types
Micro Trading Account
Standard Trading Account
XM Zero Account/XM Ultra Low Trading Account
*The Trading Accounts availability depends on trader's country of residence.
MICRO trading account allows you to operate with micro lots, lower level of risk & it has minimum initial deposit of $5 dollars.
The STANDARD account allows you to operate with standard lots and it has minimum initial deposit of $5.
The XM ZERO account allows you to operate with standard lots, lower spreads starting at 0 pips & it has minimum initial deposit of $5 dollars. XM ZERO trading account has a $3.5 dollars commission for every $100,000 dollars traded. Finally, the 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 trading 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 web site once they have opened an account, in this client area or cabinet area you as a trader can deposit/withdraw your money at any time. By clicking my account and then pressing deposit button then fill the details, for withdraw just click my account & 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 on XM Online Broker
- FX Currencies
- CFD's
- Equity Indices CFDs
- Precious Metals - Silver and Gold CFDs
- Energies - Crude Oil CFDs
- Online Stocks CFDs
- Commodities CFDs
- Crypto CFDs
Trade Forex, Gold, Energies, CFDs, Commodities CFDs, Crypto CFDs & Online Stocks CFDs
Bonus on Deposit and Loyalty Bonus
1. Free VPS for traders who maintain a minimum trading account balance of USD 5,000 or currency equivalent. There is No end date for the bonus promotion:
2. $30 Dollars Non-Deposit Trading Bonus for new clients only. No ending date for the bonus promotion:
3. The two-tier deposit bonus offers 50% deposit bonus up to $500 and 20% deposit bonus up to $5,000. No ending date for the bonus promotion:
4. XM Loyalty Bonus Program provides traders XMPoints (XMP) per lot traded. These XMPs can be redeemed by-a-trader at any time for credit bonus that can be used for trading purposes only. There is No end date for the bonus promotion:
* Trading Bonus and Loyalty Program are not eligible for traders registered 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. The maximum leverage for clients registered under the EU Zone regulated entity of the Group is 30:1".
No-Re quotes Policy
The No-requotes policy means this FX broker does not re-quote the traders as this is a no dealing desk(NDD) Forex broker, the execution accesses interbank network meaning they have a variety of liquidity providers to take up the orders instantly from this inter-network of banks. This online broker follows a no re-quotes policy for its clients making it the fx broker for the traders looking for a non dealing desk Forex broker & a No-Requotes Policy Online Forex Broker.
Platforms
MT4 and MT5 platforms are available for Desktop PCs, MACs, Smartphones and Tablets
Web Trader Platform Software
Provides Web Platform & traders can login online when they're away from their computer and analyze the online currency markets. The Web trader platform is accessible from the web browser.
Forex Practice Demo Trading Accounts
A Demo is a free practice trade account given to beginners to practice trading on MetaTrader 4 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 & Expert Advisors automated trading.
Registration of the practice demo account is meant for traders to practice FX with this demo trading account. Note: Demo accounts will be stopped out if they are inactive for more than 90 calendar days.
Security and Reliability
XM Forex trading software platform is designed with high standards in terms of security, privacy, reliability and integrity. Info 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 info, the server is secure, information is backed-up in more than 1 location, & also uses two different server corporations 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 - FX Broker Review
XM is a next generation investment firm enabling investors from more than 190 countries around the world to trade Forex, precious metals, FX and energies. XM broker is one of the leading FX brokers in the world with over 1,000,000 real Forex accounts opened from over 190 countries.
From the establishment of the company in 2009, XM has been committed to providing fair & transparent trading conditions for all the traders regardless of their trading capital networth networth. Traders enjoy no requotes execution available, bolstered by a strict no requotes and no rejections policy.
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