Author XM History and Background - Since 2009, XM has been one of the online multi-asset brokers offering individual stock trading, stock indices, energy, precious metals, crypto, and forex. Mobile apps, Web Trader, MetaTrader 4, and MetaTrader 5 allow all users to trade online.
The trading accounts available include shares, micro accounts, standard accounts and ultra-low accounts. In addition, the broker offers multi-lingual customer service, including Indonesian 24 hours a day.
The broker is registered with CySEC in Cyprus, IFSC Belize, ASIC in Australia, DFSA in Dubai, and FCA in the UK. Besides, you can use a free demo account provided by this broker to practice trading. Therefore, don't wait any longer to open an XM account now!
XM History and Background
The brokerage company XM, also known as the XM Group, was founded by Constantinos Cleanthous in 2009. It is part of Trading Point Holdings Ltd, and Trading Point of Financial Instruments Ltd. XM has branches in various countries worldwide and headquarters in Limassol, Cyprus.
Since its inception, XM has become one of the best brokers in the world, with more than 10 million customers from 196 countries, including Indonesia. The broker offers over 1,000 financial instruments, including forex, CFDs on stock indices, commodities, stocks, precious metals, energy, and cryptocurrencies.
You can download MT4 and MT5 trading platforms from XM broker on PC, Mac, web, or mobile app. Several international financial institutions registered and regulated these brokers, including ASIC in Australia, CySEC in Cyprus, FSC in Belize, FSA in the UK, and DFSA in Dubai.
In addition, the broker complies with EU MiFID standards and holds client funds at Barclays Bank PLC, the world's most trusted bank. In addition, the company provides a variety of training and education for traders, including learning materials, webinars, and seminars aimed at improving traders' understanding and skills.
Along with its growth, XM Forex Indonesia has been recognised as "Europe's Best Forex Broker" and "Best Forex Service Provider" by various leading financial institutions and media.
XM Financial Instruments:
Users can use a variety of trading instruments from XM's global broker. Here are some of the tools it offers:
Main currency pairs (Forex): EUR/USD, GBP/ USD, USD/JPY, etc. Small currency pairs: EUR/GBP, GBP/AUD, AUD/CAD, etc. Exotic currencies: USD/TRY, USD / ZAR, and USD. Noble metals include gold, silver, platinum, and palladium. Agriculture: Wheat, corn, coffee, cocoa, sugar, and crude oil.
Stock: Stock Indices: Major indices in various countries such as the S&P 500, Dow Jones, FTSE 100, Nikkei 225, etc. Regional indices include DAX, CAC 40, ASX 200, Hang Seng, etc. Individual stocks: Leading stocks of various global stock exchanges such as NYSE, NASDAQ, and LSE.
Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP) are some of the most popular cryptocurrencies.
XM Broker Regulation:
XM broker is licensed by some of the world's leading financial authorities and is subject to regulation. In addition to protecting users, these regulations ensure that they comply with strict financial and operational rules.
Some of the regulations and licenses it holds include the Cyprus Securities and Exchange Commission (CySEC): CySEC is the financial regulatory authority in the country that ensures that brokerage companies operate by the established rules and guidelines.
British Financial Regulatory Authority (FCA): The FCA regulates the financial markets in the UK and protects the interests of consumers. XM holds license 705428 from FCA.
With license 443670, the Australian Securities and Investment Commission (ASIC) XM is supervised and regulated by the Australian Security and Investments Commission. ASIC is the state securities and investment agency responsible for regulating and supervising the financial markets.
As Trading Point MENA Limited, XM is regulated by the Dubai Financial Services Authority (DFSA), which holds the F003484 license and its branch office at Emirates Financial Towers in Dubai, United Arab Emirates. DFSA is responsible for integrity, stability, and investor protection in the Dubai financial markets.
International Financial Regulatory Authority (IFSC): IFSC is the financial regulatory body in Belize that ensures that financial companies operate with high standards. XM holds an IFSC license under license number IFSC/60/354/TS/19.
The licenses and regulations indicate that the company is committed to adhering to strict industry standards and rules. It gives users confidence that their funds will be managed well and that the company runs with honesty, security, and trust.
XM Trading Platform:
Some leading XM trading platforms its clients can use include MetaTrader 4 (MT4). MT4 is a popular and widely used trading platform in the forex industry, with powerful tools and features for market analysis, trade execution, risk management, and account management.
MetaTrader 4 (MT4) is a more sophisticated trading platform compared to desktop versions (Windows and Mac), mobile devices (iOS and Android), and web versions (WebTraders).
MT5 has more complete features than MT4 because it has more comprehensive technical analysis tools and integrated economic calendars. It can be used for trading various assets, such as forex, crypto, stocks, and commodities.
In addition, the XM WebTrader Indonesia web-based trading platform can be accessed directly through a web browser without downloading or installing additional software.
The XM Trader Mobile App can be accessed and traded through the XM mobile app, which is available for Android and iOS devices. XM WebTrader has an easy-to-use trading interface, interactive graphs, technical analysis tools, and quick execution.
The application has essential features like interactive charts, account management, quick trade execution, market analysis and news access. With this app, traders can enjoy a secure, fast, and smooth trading experience. Each platform has different features and advantages, so traders can choose the platform that best suits their preferences and needs.
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