Regulated Broker Information - How to Choose Broker
Online broker regulation is the most sought after qualification by traders when it comes to choosing an online Forex & broker to open a account with. How to Choose a Forex - Broker Regulation is what makes an online broker be regarded as a reliable broker, When it comes to XM Group, this online Forex & broker group is regulated & licensed 3 countries: Cyprus, Australia & Belize. XM broker Group regulation licenses are illustrated below & any other additional regulation information can be found on XM Regulation Webpage.
XM Group (XM) is a group of regulated brokers. Trading Point of Financial Instruments Ltd was established in 2009 & is regulated by Cyprus Securities and Exchange Commission (CySEC 120/10), Trading Point of Financial Instruments Pty Limited was established in 2015 and is regulated by Australian Securities and Investments Commission (ASIC 443670) and XM Global Ltd was established in 2017 and 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 - CySEC 120/10.
2. Australia
Regulated in Australia by ASIC, under license number AFSL 443670 - ASIC (Australian Securities & 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 registered & licensed with. XM provides its services according to strict financial standards specified by its financial regulators.
No Requotes Order Execution - 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 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.
STANDARD account allows you to trade with standard lots and it has minimum initial deposit of $5.
XM ZERO account allows you to operate 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 ULTRA LOW account allows you to trade with either micro or standard lots, lower spreads beginning from 0.6 pips & it has minimum initial deposit of $5.
Islamic Accounts
Islamic accounts are swapfree, meaning there is 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 website once they have opened an account, in this member area or mycabinet area you can deposit/withdraw your equity 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 key. Withdraw Requests are also processed on the same business day & receipt of funds is issued within the same day.
What Instruments are available on XM
- Forex Currencies
- CFD's
- Equity Indices CFDs
- Precious Metals - Silver & Gold CFDs
- Energies - Crude Oil CFDs
- Online Stocks CFDs
- Commodities CFDs
- Cryptocurrency CFDs
Trade Forex, Gold, Energies, CFDs, Commodities CFDs, Crypto CFDs and Online Stocks CFDs
Bonus on Account Deposit & Loyalty Bonus
1. Free VPS for clients who maintain a minimum trading account balance of USD 5,000 or currency equivalent. No ending date for this promotion:
2. $30 Non-Deposit Bonus for new clients only. No ending date for this promotion:
3. Two-tier deposit bonus provides 50% deposit bonus up to $500 & 20% deposit bonus upto $5,000. No ending date for this promotion:
4. The XM Loyalty Bonus Program provides clients XMPoints XMPs 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:
* Bonus & Loyalty Program are not eligible for clients registered under Trading Point of Financial Instruments Limited.
Leverage
Maximum Leverage* is 1:888
Leverage* "This leverage is not available to all entities of the Group. Maximum leverage for traders signed up under the EU regulated entity of the Group is 30:1".
No Requotes Policy
No-requotes policy means this broker doesn't re quote the traders as this is a no dealing-desk broker, the execution accesses interbank network meaning they have a variety of liquidity providers to take up the orders instantly form this internet-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 Broker.
Platforms Softwares
MT4 & MetaTrader 5 platforms are available for PCs, MACs, Smartphones and Tablets
Web Trader Platform
Provides Web Platform and traders can login online when they are away from computer & interpret the online currency markets. Web software can be accessed from your browser.
Demo Accounts
A Demo is a free practice trade account given to new traders to practice trading in MetaTrader 4 and MT5 softwares: it provides full & unlimited access to the features of the MetaTrader 4 and MT5 software platforms that include trading, charting & Expert Advisors automated trading.
Registration of the practice practice trade account is meant for traders to practice with this demo trading account. NB: Demo trading accounts will be closed if they are inactive for more than 90 calendar days.
Security and Reliability
XM platform is designed with high standards in terms of security, privacy, reliability and integrity. Data is encrypted using High Grade Encryption Keys (TLS_RSA_WITH_AES_128_CBC_SHA, 128 bit keys) 128 bit keys, which means no third party can access information, server is secure, data is backed up in more than one location, and also uses 2 different server firms located away from each other meaning there is absolute no downtime, clients always have access to trading servers & can trade at anytime from anywhere in the globe.
XM provides transaction security by the use of information encryption techniques that guarantee the security of these trades and safeguard 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 - Trade Broker Rating
XM is a next generation investment broker enabling investors from more than 190 countries around the world to trade FX, precious metals, & energies. XM is one of leading brokers in the world 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 trading conditions for all the traders irrespective of their capital worth. Clients get to enjoy no requotes execution available any where, bolstered by a strict no requotes and no rejections policy.
