XM Global (CY) Limited

Logo Forex Broker Trust Score Min. Depo Max. Leverage Spread
XM 97 $5 1:888

XM Global (CY) Limited: A Comprehensive Overview

Introduction

XM Global (CY) Limited, operating under the trading name XM, is a well-established online Forex and CFD broker. Founded in 2009 as part of Trading Point Holdings, XM has carved a niche in the global financial markets with its diverse offerings and customer-centric approach. The company is regulated by several financial authorities, including the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission of Belize (IFSC).

Company Profile

  • Parent Company: Trading Point Holdings
  • Founded: 2009
  • Regulators: CySEC (Cyprus), ASIC (Australia), IFSC (Belize)
  • Website: XM Official Website

Trading Services and Features

XM offers a range of trading services and features that cater to both novice and experienced traders:

  • Trading Instruments: Includes Forex, CFDs on equity indices, precious metals, energies, and stocks.
  • Trading Platforms: Accessible via the popular MetaTrader 4 and MetaTrader 5 platforms.
  • Account Types: Various options including Standard, Micro, and Ultra-Low accounts, as well as XM Zero accounts.
  • Educational Resources: XM provides a comprehensive learning center with live education, webinars, educational videos, and platform tutorials.

Client Protection and Support

  • Client Funds Security: Client funds are held in segregated accounts with investment-grade banks.
  • Insurance: Retail client funds are insured up to €20,000 by the Investor Compensation Fund.
  • Negative Balance Protection: Ensures clients do not lose more than their account balance.
  • Customer Support: Available through live chat and various other channels.

Corporate Achievements and Recognition

Over the years, XM has received numerous awards and recognitions, reflecting its commitment to quality service. Some notable awards include:

  • 2023: Multiple awards from World Finance Forex Awards, including Best FX Customer Service and Best FX Broker in various regions.
  • 2022: Recognitions from Forex Expo Dubai and other organizations.
  • 2021: Awards for Most Popular Broker and Best FX Educational Broker in the MENA region.

Trading Fees and Costs

  • Trading Fees: XM is known for low trading fees for CFDs and no withdrawal fee. However, forex and stock index fees are considered average.
  • Fee Structure: Varies based on account types. Standard, Micro, and Ultra-Low accounts have higher spreads with no commission, while XM Zero accounts have lower spreads with a commission.
  • Inactivity Fee: A $15 one-off maintenance fee is charged after one year of inactivity, followed by a $5 per month fee.

Regulatory Compliance and Licensing

XM’s commitment to regulatory compliance is evident through its licenses and registrations:

  • CySEC: License number 120/10, with several registrations for outward passporting across Europe.
  • ASIC: License number 443670, under Trading Point of Financial Instruments Pty Ltd.
  • IFSC: License number IFSC/60/354/TS/19, under XM Global Limited.

Conclusion

XM Global (CY) Limited has established itself as a reliable and client-focused broker in the Forex and CFD trading industry. With a robust regulatory framework, diverse trading services, and a strong commitment to customer support and education, XM stands out as a preferred choice for traders globally.

For detailed information, traders can explore XM’s official website and other resources to gain a comprehensive understanding of the broker’s offerings and services.