Regulated Forex Broker Info
Online broker regulation is the most sought after qualification by currency traders when it comes to selecting an online Gold 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 & 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 group 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 Australia Securities & Investments Commission (ASIC 443670) & XM Global Ltd. was established/founded in 2017 & is regulated by the Financial Services Commission, FSC (FSC000261/158).
XM Address Book:
AUS: Level 13, 333 George Street, Sydney, NSW 2000, Australia
CY: 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
BZ: 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 numberNo. AFSL 443670 - ASIC (Australian Securities and Investments Commission)
3. Belize
Regulated in Belize by the Financial Services Commission, FSC (FSC000261/158)
XM is devoted to full transparency when it comes to Online trading and this is reflected in the manner 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 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 method and technique. XM has 100% execution rate of orders with 99.35 % of all orders executed within time of less than one second (No-Re quotes Policy).
Forex Account Types
Micro Trade Account
Standard Account
XM Zero Account/XM Ultra Low Account
*The Trade Accounts availability depends on trader's country of residence.
MICRO account allows you to trade with micro lots, lower level of risk and 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 trade with standard lots, lower spreads starting at 0 pips & it has minimum initial deposit of $5 dollars. XM ZERO 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 accounts are swap free, meaning there is no paying/receiving of interest. This account is suited for traders looking and searching for Islamic Forex brokers.
Deposit/Withdraw Funds
Clients have a secure client area on their web site once they've opened an account, in this client area or cabinet area you as a trader can deposit or withdraw your money at any time. By clicking my account and then pressing deposit button then fill on details & particulars, for withdraw just click my account & then the withdraw button. Withdraw Requests are also processed on the same business day and receipt of money is issued within same day.
What Trading Instruments are available for trading on XM Broker
- FX Currencies
- CFD's
- Equity Stock Index CFDs
- Precious Metals - Silver and XAUUSD CFDs
- Energies - Crude Oil CFDs
- Online Stocks CFDs
- Commodities CFDs
- CryptoCurrency CFDs
Trade FX, Gold, Energies, CFDs, Commodities CFDs, Crypto CFDs & Online Stocks CFDs
Bonus on Deposit and Loyalty Bonus
1. Free VPS for traders that maintain/have a minimum account balance of $5,000 USD or currency equivalent. There is No end date for the bonus promotion:
2. $30 Dollars Non-Deposit Trading Bonus for new clients/customers 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 transacted. These XMPs can be redeemed 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 Limited.
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 division of the Group is 30:1".
No-Re quotes Policy
The No-requotes policy means this FX broker does not re-quote the gold traders as this is a no dealing desk(NDD) Forex broker, the execution accesses interbank network meaning that they've got a variety of liquidity providers to take up the orders instantly from this internetwork of banks. This online broker follows a no requotes policy for its clients making it the fx broker for the Gold traders looking and searching for a non dealing desk Forex broker & a No-Requotes Policy Online FX Broker.
Platforms
MT4 and MetaTrader 5 platforms are available for Desktop PCs, MACs, Smartphones and Tablets
Web-Trader Software/Platform
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 Trade Accounts
A Demo Practice is a free practice trade 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 MT5 Forex platforms that include trading, charting & Expert Advisors automated trading.
Registration of the practice demo account is meant for traders to practice Forex with this practice demo trading account. Note: Demo accounts will be stopped out if they are inactive for more than 90 days.
Security and Reliability
XM Forex platform software is designed with high standards in terms of privacy, security, 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 2 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 at any time 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 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 and registered from over 190 countries.
From the founding of the trading company in 2009, XM has been committed to providing fair & transparent trading conditions for all the Gold 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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