Beginner Broker

Best Online Broker for Beginner Traders

Regulated Online Broker Info

Online broker regulation is the most sought after qualification by traders when it comes to selecting an broker to open a account with. Regulation is what makes an broker to be regarded as a reliable broker, When it comes to XM Group, this online XAUUSD & xauusd broker group is regulated and licensed Three countries: Cyprus, Australia, UK & Belize. XM Group regulation licenses are shown below & any other additional regulation info can be found on XM Regulation Webpage.

XM Group (XM) is a cluster of regulated online brokers. Trading Point of Financial Instruments Ltd was established in 2009 & is regulated by the Cyprus Securities & Exchange Commission (CySEC 120/10), Trading Point of Financial Instruments Pty Ltd was established in 2015 and is regulated by the Australian Securities & Investments Commission (ASIC 443670), Trading Point of Financial Instruments UK Ltd was established in 2016 & is regulated by the Financial Conduct Authority (FCA 705428) & XM Global Limited was established in 2017 and is regulated by the Financial Services Commission (FSC000261/158).

XM Address Listing:

AUS: Level 13, 333 George St, Sydney, NSW 2000, Australia

CY: 12 Richard & Verengaria St, Araouzos Castle Court, Third Flr, 3042 Limassol, Cyprus

BZ: Suite 404, The Matalon, Coney Avenue, Belize City, Belize

XM GROUP - Regulation and Licenses - Gold Trade Online Broker Reviews

1. Cyprus

Regulated by Cyprus Security & Exchange Commission, its License 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 dedicated 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 is registered & licensed with. XM provides its services according to strict financial standards specified by its financial regulators.

Live 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 percentage% execution rate of orders with 99.35% of all orders executed in less than 1 second (No Requotes Policy).

Account Types

Micro Trading Account

Standard Trading Account

XM Zero Trading Account/XM Ultra Low Account

*Accounts availability depends on client's country of residency.

MICRO account allows you to operate with micro lots, lower level of risk & it has minimum initial deposit of $5 dollars.

STANDARD account allows you to operate with standard lots and it has minimum initial deposit of $5.

XM ZERO trading account allows you to transact with standard lots, lower spreads beginning at 0 pips & it has minimum initial deposit of $5 dollars. XM ZERO account has $3.5 dollars commission for every $100,000 dollars traded. Finally, XM LOW-COST account allows you to trade either with micro lots or standard contracts, lower spread starting from 0.6 pips & it has minimum initial deposit of $5 dollars.

Islamic Trading Accounts

Islamic trading accounts are swapfree, meaning there's no paying/receiving of interest. This xauusd account is made for traders looking for Islamic trading online brokers.

Deposit/Withdraw Funds

Clients have a secure members area on their website once they have opened an account, in this member area or mycabin area you as a xauusd trader can deposit/withdraw your funds at any time. By clicking my account and then pressing 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 & receipt of funds is issued within the same day.

What Instruments are available for trading on XM

Currencies
CFD's
Equity Indices CFDs
Precious Metals - Silver and XAUUSD CFDs
Energies - Crude Oil CFDs
Online Stocks CFDs
Commodities CFDs
Crypto CFDs

Trade FX, Gold, Energies, CFDs, Commodities CFDs, Cryptocurrency CFDs and Online Stocks CFDs

Bonus on Account Deposit & Loyalty Bonus

1. Free VPS for traders who maintain a min trading equity balance of US Dollars 5,000. No ending date for this promotion:

2. $30 No Deposit Bonus for new clients only. No ending date for this promotion:

3. The two-tier deposit bonus offers 50 % deposit bonus up to $500 and 20 percent% deposit bonus up to $5,000. No ending date for this promotion:

4. XM Loyalty Bonus Program provides traders XMPoints XMPs per each lot traded. These XMPs can be redeemed at any time for credit bonus which can be used for trade purposes only. There is No end date for this promotion:

* Trading Bonus & Loyalty Program are not eligible for customers registered under Trading Point of Financial Instruments Ltd.

Leverage

Max Leverage* is 1:888

Leverage* "This leverage isn't available to all entities of the Group. The max leverage for clients registered under the EU Zone European Union 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 xauusd broker, execution accesses inter bank network meaning they have a variety of liquidity providers to take up the orders instantly from this network of banks. This gold broker follows a no re quotes policy for its clients making it the broker for traders looking for a non dealing desk xauusd broker and a No-Re quotes Execution Policy Online Broker.

Software Platforms Platforms

MT4 and MetaTrader 5 platforms are available for PCs, MACs, Smartphones and Tablets

Web Trader Platform

Provides Web Platform and traders can log in online when they are away from their computer and interpret the online trading markets. The Web platform software can be accessed from the browser.

Demo Practice Trading Accounts

A Demo is a free practice trading account given to novice traders to practice trading on MT4 and MT5 softwares: it provides full and unlimited access to the features of the MT4 and MetaTrader 5 platforms that include trading, charting & Expert Advisors automated trading.

Registration of the practice practice gold account is meant for traders to practice trading with this demo trading account. NB: Demo accounts will be liquidated if they are inactive for more than 90 calendar days.

Security & Reliability

XM platform is designed with high standards in terms of security, privacy, reliability and integrity. Data is encrypted using 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, the server is secure, data is backed-up in more than one location, and also uses two different server corporations located away from each other meaning there's absolute no downtime, traders always have access to servers & can trade anytime from anywhere in the world.

XM provides transaction security by use of information encryption techniques that guarantee the security of these trade transactions and safeguard clients' privacy through the Secure Socket Layer, SSL technology strategy, otherwise known as https:

HTTPS: High Level Information Encryption Key (TLS_RSA_WITH_AES_128_CBC_SHA, 128 bit keys) Security

Broker Review - Trade Online Broker Rating

XM is a next generation investment company facilitating traders from more than 190 countries around the world to trade XAUUSD, valuable metals, XAUUSD & energies. XM 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 broker has been committed to providing fair and transparent conditions for all traders irrespective of their capital net-worth networth. Clients enjoy no requotes execution available any where, bolstered by a strict no re quotes and no rejections policy.

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