Regulated Gold Broker Review
Regulated XAUUSD Broker Information
Online gold broker regulation is the most sought after qualification by traders when it comes to choosing an online gold broker to open an account with. Regulation is what makes an online gold broker to be considered as a reliable broker, When it comes to XM Group, this online Gold and xauusd broker group is regulated and licensed 3 countries: Cyprus, Australia and Belize. XM Group regulation licenses are shown below & any other additional regulation data can be found on XM Regulation Webpage.
XM Group (XM) is a group 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 & is regulated by the Australian Securities and Investments Commission (ASIC 443670) & XM Global Limited was established in 2017 and is regulated by the Financial Services Commission (FSC000261/158).
XM Address Book:
AUS: Level 13, 333 George St, Sydney, NSW 2000, Australia
CY: 12 Richard and Verengaria St, Araouzos Castle Court, Third Flr, 3042 Limassol, Cyprus
BZ: Suite 404, The Matalon, Coney Avenue, Belize City, Belize
XM GROUP - Regulation & Licenses - Gold Trading Broker Review
1. Cyprus
Regulated by Cyprus Security and Exchange Commission, its License Number - 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 Financial Services Commission (FSC000261/158)
XM is committed to full 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 and licensed with. XM provides its services according to strict financial standards specified by its financial regulators.
Real Time Market Execution of Gold Trading Orders
No Requotes Execution Policy which aims at giving customers reasonable spreads while at the same time coupled with the no requotes execution method. XM has 100% execution rate of orders with 99.35% of all orders executed in less than 1 second (No-Requotes Policy).
XAUUSD Trading Account Types
Micro Gold Trading Account
Standard Gold Trading Account
XM Zero Account/XM Ultra Low Account
*Accounts availability depend on the client’s country of residency.
The MICRO account allows you to operate with micro lots, lower level of risk & it has minimum initial deposit of $5.
STANDARD account allows you to operate with standard trading lots & it has minimum initial deposit of $5.
XM ZERO account allows you to trade with standard lots, lower spreads beginning at 0 pips and it has minimum initial deposit of $5. XM ZERO account has $3.5 commission per $100,000 traded. Finally, XM ULTRA LOW account allows you as a trader to trade with either micro lots or standard lots, lower spread starting from 0.6 pips and it has minimum initial deposit of $5.
Islamic Gold Trading Accounts
Islamic accounts are swapfree, meaning there is no paying/receiving of interest. This xauusd trading account is suited for traders looking for Islamic xauusd trading brokers.
Deposit/Withdraw Funds
Clients have a secure members area on their website once they have opened an account, in this client area or cabinet you can deposit/withdraw your money at any time. By clicking my account & 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 trading on XM
- 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, Cryptocurrency CFDs and Online Stocks CFDs
Bonus on XAUUSD Trading Account Deposit & Loyalty Bonus
1. Free VPS for clients who maintain a minimum trading account balance of USD 5,000. No end date for this promotion:
2. $30 Non Deposit Trading Account Bonus for new clients only. No end date for this promotion:
3. The two-tier deposit bonus offers 50% deposit bonus upto $500 & 20% deposit bonus up to $5,000. No end date for this promotion:
4. The XM Loyalty Program offers the clients XM Points (XMP) per lot traded. These XMP can be redeemed at any time for credit bonus which can be used for trading purposes only. No end date for this promotion:
* Trading Bonus & Loyalty Program are not eligible for clients signed up under Trading Point of Financial Instruments Ltd.
Leverage
Maximum Leverage* is 1:888
Leverage* "This trading leverage is not available to all entities of the Group. The maximum leverage for clients signed up under the EU regulated entity of the Group is 30:1".
No Requotes Policy
No-requotes policy means this gold broker does not requote the traders as this is a no dealing desk xauusd trading broker, execution accesses inter bank network meaning they have a variety of liquidity providers to take up the gold orders instantly form this net-work of banks. This xauusd 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-Requotes Policy Online Gold Broker.
Platform Softwares XAUUSD Platforms
MetaTrader 4 & MT5 softwares are available for PCs, MACs, Smartphones & Tablets
Web Trader Software
Provides Web Platform & traders can log in online when they are away from their computer and interpret the online gold markets. The Web platform is accessible from the browser.
XAUUSD Practice Accounts
A Demo is a free practice account given to novice traders to practice trading on MetaTrader 4 and MetaTrader 5 platforms: it provides full & unlimited access to the features of the MetaTrader 4 and MT5 softwares that include trading, charting & Expert Advisors automated trading.
Registration of the practice practice xauusd trading account is meant for traders to practice Gold with this demo account. NB: Demo accounts will be closed if they are inactive for more than 90 calendar days.
Security & Reliability
XM gold trading software is designed with high standards in terms of security, privacy, reliability & integrity. Information is encrypted using High Grade Encryption (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 firms located away from each other meaning there is absolute no down time, gold traders always have access to servers & can trade anytime from anywhere in globe.
XM provides transaction security by the use of information encryption techniques that guarantee the security of these trade transactions & safeguard clients' privacy through the Secure Socket Layer, SSL technology technique, otherwise known as https:
HTTPS: High Grade Information Encryption (TLS_RSA_WITH_AES_128_CBC_SHA, 128 bit keys) Security
Company Review - XAUUSD Trading Broker Review
XM is a next generation investment firm enabling traders from more than 190 countries around the globe to trade Gold, precious metals, Gold and energies. XM is one of the leading gold brokers in the globe with over 1,000,000 real accounts opened from over 190 countries.
From the founding of the company in 2009, XM broker has been committed to providing fair & transparent trading conditions for all clients irrespective of their trading capital worth. Gold traders enjoy the no requotes execution available anywhere, bolstered by a strict no re quotes & no rejections policy.
