Company name: XM.com (a trading name of the Trading Point of Financial Instruments Ltd)
Head offices: Cyprus
Level 29 Chifley Tower, 2 Chifley Square
Sydney NSW 2000, Australia
12 Richard & Verengaria Street, Araouzos
Castle Court, 3rd Floor, 3042 Limassol, Cyprus
József Nádor tér 5-6, 1051 Budapest, Hungary
Platia Kolonakiou 21 10674 Athens, Greece
Support Desk : Working hours: 24/5 GMT
Ph +357 25029933
Ph +357 25345225
Demo account: Yes
Social trading: N/A
Minimum deposit: $5
- BaFin, 124161
- CySEC, 120/10
- CNMV (Spain) 2010157773
- FCA (United Kingdom), 538324
- FSP (New Zealand), FSP235905
- XM is Regulated By ASIC (Australia)
Trading server time zone: GMT +2
Available Accounts: GBP, USD, AUD, CHF, JPY and EUR
Support Options: Callback, Phone, Email and Live Chat
We are XM
XM is the official trading name for the Trading Point of Financial Instrument Ltd which is an online forex broker platform. It is among the leading online forex trading companies. It was founded in 2009. XM initially started as Xemarkets before it was rebranded in 2013. XM trades in the leading currencies around the world such as GBP, AUD, JPY, EUR, CHF and USD. XM is registered in the UK and has its head offices in Cyprus.
Since it was started, XM has managed to gain a lot of reputation in the forex market. That is because it has so far stuck to its core values of transparency, professional and customer communications and excellent trading environment. These are some of the facts that have made XM stand out of the crowd.
XM is fully authorized by the European Union to trade as forex brokers something which definitely makes its clients feel safe. Some of the bodies that have given XM a green to trade include AFM, BaFin, CNMV, FI and FIN. These are renowned bodies in the word of forex trading.
XM has developed several trading platforms which helps its traders with much ease compared to other brokers. For instance, their MetaTrader is compatible with both Windows and Mac. This platform in particular allows the traders to trade anytime with the guidance of the XM.com’s Experts Advisors.
Other XM’s trading platforms include Webtrader 4, Multiterminal, iPhone Trader, iPad Trader, Droid Trader, Mobile Trader and MAM.
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XM is commonly referred to as next generation brokers in commodity trading and online forex. On the other hand, XM is known for not suffering any major rejections or orders as is the case with many online forex brokers. There are also no hidden commissions or charges in XM. It is estimated that almost 99.5% of the orders in XM get executed.
XM platform benefits both seasoned and beginner traders who really have forex trading at heart and are willing to start trading. Another important thing of trading with XM is the fact that whether you are a seasoned trader or a beginner, you are both treated in equal measures.
XM has also spread its wings to various countries and tries to reach as many traders as possible. At the moment, XM’s registration can be accessed in more than 17 different languages. Once you sign up and open an account, you are as good as ready to start trading.
You will be required to an initial deposit of $ 5 only to start trading on XM. Alternatively, you can sign up for a demo account. Tight spreads given in XM are only one among the many benefits that clients stand to enjoy in XM. As a client, you can select any of the three accounts available in XM. The accounts are as follows:
- Micro account
- Standard account
- Executive account
It is also important to note that the said tight spreads are provided when you sign up for any of the mentioned three accounts.
Some of the XM trading platforms have won many awards and a perfect example is the Metatrader 4 which has scooped various accolades.
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XM offers a lot of markets as far as precious metals, forex, energies, stock and indices are concerned.
XM Mobile App
Xm has Mobile app for its mobile users that provides a mobile solution for all major smartphones. Their mobile platforms offer outstanding trading flexibility by bringing you a scaled down version of MetaTrader 4 to your fingertips. They each offer direct access to your account and provide real-time quotes of financial instruments. The platforms also provide a full set of trade orders including pending orders, trade history, 30 technical indicators, and the ability to trade directly from charts.
Deposits and withdrawal
XM ensures that clients’ funds are well secured and that that security is never compromised. The funds are normally kept in what is known as tier 1 accounts.
The processing of funds is also available round the clock. That is, 24 hours in seven days a week. The withdrawals and deposits are also offered round the clock.
You can access your funds regardless of where you are. Credit cards such as VISA Electronic, VISA, MASTER CARD, Switch and Solo are the most used means in either depositing or withdrawing funds in XM.
The bank accounts allowed in XM include wire, Western Union, Moneybooker’s Skrill, WebMoney, MoneyGram, SOFORT, China Union and iDEAL. XM recently introduced an option which enables traders to access their cash right from their local banks. This service is so far available in 58 countries around the world.
XM multilingual something which is a plus when dealing with customers especiallybeginners from different parts of the world. They are available through live chats or even through the telephone lines which are usually open 24 hours five days a week. The tutorials that are specially designed to help beginners are also a strategy employed by the XM to attracting even more clients.
On top of the above mentioned, some of the biggest advantages of trading with XM include phone trading, automated trading, easy and fast withdrawals, no commissions, do requites and flexible leverages.
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