Regulated XAUUSD Online Broker Info
Regulated Broker Info
Online broker regulation is most sought after qualification by traders when it comes to choosing an online XAUUSD and broker to open a trading account with. Regulation is what makes an online broker to be regarded as a reliable broker, When it comes to XM Group, this online Gold & broker group is regulated & licensed 3 countries: Cyprus, Australia & Belize. XM broker Group regulation licenses are shown below & any other additional regulation data can be found on XM Regulation Webpage.
XM Group (XM) is a group of regulated brokers. Trading Point of Financial Instruments Limited was founded in 2009 and is regulated by Cyprus Securities & Exchange Commission (CySEC 120/10), Trading Point of Financial Instruments Pty Limited was founded in 2015 & is regulated by Australian Securities & Investments Commission (ASIC 443670) and XM Global Ltd was founded in 2017 & is regulated by Financial Services Commission (FSC000261/158).
XM Address Listing:
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 and Licenses - Broker Rating
1. Cyprus
Regulated by Cyprus Security & Exchange Commission, its Registration 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 devoted to maximum 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's signed up and licensed with. XM provides its services according to strict financial standards specified by its financial regulators.
Real Time Market Execution of Orders
No Requotes 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-Requotes Policy).
Account Types
Micro XAUUSD Account
Standard Account
XM Zero Account/XM Ultra Low Account
*Accounts availability depends on trader's country of residence.
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 lots and it has minimum initial deposit of $5.
XM ZERO account allows you to trade with standard lots, lower spreads beginning at 0 pips and it has minimum initial deposit of $5. XM ZERO account has a $3.5 commission for every $100,000 transacted. Finally, XM LOW-COST account allows you as a trader to trade either with micro lots or standard contracts, lower spread beginning from 0.6 pips and it has minimum initial deposit of $5.
Islamic XAUUSD Accounts
Islamic accounts are swapfree, meaning there's no paying/receiving of interest. This account is designed for traders searching for Islamic brokers.
Deposit/Withdraw Funds
Clients have a secure members area on their web-site once they have opened an account, in this member area or mycabin area you can deposit/withdraw your funds at any time. By clicking my account & then clicking deposit button then fill the details, for withdraw just click my account & then the withdraw button key. 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
- XAUUSD Currencies
- CFD's
- Equity Indices CFDs
- Precious Metals - Silver and XAUUSD CFDs
- Energies - Crude Oil CFDs
- Online Stocks CFDs
- Commodities CFDs
- Cryptocurrency CFDs
Trade FX, XAUUSD, Energies, CFDs, Commodities CFDs, Cryptocurrency CFDs and Online Stocks CFDs
Bonus on Account Deposit and Loyalty Bonus
1. Free VPS for traders who maintain a minimum account equity balance of USDUS--Dollars 5,000. No ending date for this promotion:
2. $30 Non-Deposit Acconut sign-up Bonus for new clients only. No ending date for this bonus promotion:
3. Two-tier deposit bonus offers 50 % deposit bonus up to $500 and 20% deposit bonus upto $5,000. No ending date for this promotion:
4. XM Loyalty Bonus Program provides the clients XM Points XMP per lot traded. These XMPs can be redeemed at any time for credit bonus which can be used for trade purposes only. No ending date for this 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 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 broker does not re-quote the traders as this is a no dealing desk trading broker, the execution accesses inter-bank network meaning they have a variety of liquidity providers to take up the orders instantly from this net-work of banks. This broker follows a no re-quotes policy for its clients making it the online broker for traders looking for a non dealing-desk broker & a No-Requotes Policy Online XAUUSD Broker.
Software Platforms Softwares
MT4 & MetaTrader 5 platforms are available for PCs, MACs, Smartphones and Tablets
Web Trader Software
Provides Web Platform & traders can log in online when they are away from their computer and interpret the online markets. Web platform software can be accessed from your browser.
Practice Accounts
A Demo is a free practice trading account given to beginner traders to practice trading on MT4 and MT5 softwares: it provides full & unlimited access to the features of the MetaTrader 4 & MT5 software platforms that include trading, charting & Expert Advisors automated trading.
Registration of the practice practice trade account is meant for traders to practice XAUUSD with this demo account. Note: Demo accounts will be closed if they're inactive for more than 90 calendar days.
Security and Reliability
XM software is designed with high standards in terms of security, privacy, reliability & integrity. Data is encrypted High Grade Encryption Keys (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, data is backed up in more than one location, & also uses 2 different server firms located away from each other meaning there is absolute no down time, traders always have access to the servers & can trade anytime from anywhere in the world.
XM provides transaction security by use of information encryption techniques that guarantee security of these trades and safe-guard clients' privacy through the Secure Socket Layer, SSL technology method, otherwise known as https:
HTTPS: High Grade Information Encryption Keys (TLS_RSA_WITH_AES_128_CBC_SHA, 128 bit keys) Security
Broker Review - Broker Rating
XM is a next generation investment broker enabling traders from more than 190 countries around the globe to trade XAUUSD, precious metals, Gold & energies. XM is one of leading brokers in the globe with over 1,000,000 real accounts opened from over 190 countries.
From the establishment of the company in 2009, XM broker has been committed to providing fair & transparent trade conditions for all traders irrespective of their capital net worth. Clients get to enjoy no requotes execution available any where, bolstered by a strict no re quotes and no rejections policy.