Number 1 broker - Regulated Broker Review
Regulated Broker Information
Online broker regulation is the most sought after qualification by traders when it comes to choosing an online Forex and trading broker to open a account with. Regulation is what makes an broker to be regarded as a reliable broker, In XM Group, this online FX and 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 Broker Group (XM) is a cluster of regulated brokers. Trading Point of Financial Instruments Limited was founded in year 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) & XM Global Limited 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 Street, Araouzos Castle Court, Third Fl, 3042 Limassol, Cyprus
BZ : Suite 404, The Matalon, Coney Drive, Belize City, Belize
XM GROUP - Regulation & Licenses - Forex Trade Broker Reviews
1. Cyprus
Regulated by Cyprus Security and 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 devoted 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 is registered & licensed with. XM provides its services according to strict financial standards specified by its financial regulators.
No Requotes Forex 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).
Forex Account Types
Micro Account
Standard Account
XM Zero Account/XM Ultra Low Account
*The Accounts availability depends on trader's country of residence.
MICRO account allows you to operate with micro lots, lower level of risk and it has minimum initial deposit of $5.
STANDARD account allows you to operate with standard lots and it has minimum initial deposit of $5.
XM ZERO account allows you to operate with standard lots, lower spread beginning at 0 pips and it has minimum initial deposit of $5. XM ZERO trading account has a $3.5 dollars commission for every $100,000 dollars transacted. Finally, 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 Accounts
Islamic accounts are swap-free, 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 cabinet area you as a trader 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 and receipt of funds is issued within the same day.
What Instruments are available for online trading on XM Broker
- Forex Currencies
- CFD's
- Equity Indices CFDs
- Precious Metals - Silver and Gold CFDs
- Energies - Crude Oil CFDs
- Online Stocks CFDs
- Commodities CFDs
- Cryptocurrency CFDs
Trade Forex, Gold, Energies, CFDs, Commodities CFDs, Crypto CFDs & Online Stocks CFDs
Bonus on Account Deposit and Loyalty Bonus
1. Free VPS for traders who maintain a minimum account balance of USD 5,000 or currency equivalent. No ending date for this promotion:
2. $30 Non-Deposit Trading Bonus for new clients only. No ending date for this promotion:
3. The two-tier deposit bonus provides 50 % deposit bonus up to $500 & 20% deposit bonus up to $5,000. No ending date for this promotion:
4. XM Loyalty 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 trading purposes only. No ending date for this promotion:
* Bonus and Loyalty Program aren't eligible for traders registered under Trading Point of Financial Instruments Ltd.
Leverage
Maximum Leverage* is 1:888
Leverage* "This trading leverage isn't available to all entities of the Group. The maximum leverage for traders registered under the EU regulated entity of the Group is 30:1".
No Requotes Policy
No-re-quotes policy means this Forex 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 broker for traders looking for a non dealing-desk broker & a No-Requotes Policy Online Forex Broker.
Platforms Forex Softwares
MT4 & MT5 softwares are available for PCs, MACs, Smartphones & Tablets
WebTrader Software
Provides Web Platform and traders can sign in online when they're away from computer & interpret the online currency markets. The Web platform can be accessed from the browser.
Forex Demo Accounts
A Demo is a free practice trade account given to beginner traders to practice trading on MetaTrader 4 and MetaTrader 5 softwares: it provides full & unlimited access to the features of the MetaTrader 4 & MT5 software platforms that include trading, charting and Expert Advisors automated trading.
Registration of the practice practice trading account is meant for traders to practice FX with this demo trading account. NB: Demo accounts will be liquidated if they're inactive for more than 90 calendar days.
Security & Reliability
XM Forex trading platform is designed with high standards in terms of security, privacy, reliability & integrity. Information is encrypted High Level 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 1 location, and also uses two different server firms located far away from each other meaning there's absolute no down-time, traders always have access to servers and can transact any time from anywhere in the world.
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 technique, otherwise referred to as https:
HTTPS: High Level Encryption (TLS_RSA_WITH_AES_128_CBC_SHA, 128-bit keys) Security
Company Review - Broker Review
XM is a next generation investment broker enabling investors from more than 190 countries around the world to trade Forex, precious metals, & energies. XM broker is one of leading brokers in the world with over 1,000,000 live accounts opened from over 190 countries.
From the establishment of the company in year 2009, XM has been committed to providing fair & transparent trading conditions for all the traders irrespective of their capital worth. Traders get to enjoy no requotes execution available, bolstered by a strict no requotes & no rejections policy.
