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XM.com

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XM.com

Type

Private

Industry
Financial services

Founded
2009 (2009)

Headquarters
Limassol, Cyprus

Key people

Costas Cleanthous
(Founder & CEO)
Ilias Mavrommatis
(Founder, Managing Director)

Services
Financial Services, Forex, Currency Trading

Number of employees

150+[1]

Parent
Trading Point (Holding)

Website
XM.com

XM.com (previously known as XeMarkets) is a Cyprus-based international online foreign exchange broker. The company provides financial trading services through various electronic trading platforms, including MetaTrader 4 allowing traders to apply Expert Advisor (EA) strategies. XM also provides trading in contract for difference (CFDs) on major indices and commodities such as gold and crude oil. The company is headquartered in Cyprus, with representative offices in Hungary, Greece, Australia and New Zealand.

Contents

  • 1 History
  • 2 Business Structure
    • 2.1 Trading Point (Holding)
    • 2.2 Regulatory Framework
    • 2.3 Trading Platforms
  • 3 Awards & Reviews
  • 4 Sponsorships
  • 5 See also
  • 6 References
  • 7 External links

History[edit]

XM’s holding company Trading Point Holdings Ltd was founded in 2009 in Cyprus by entrepreneurs Costas Cleanthous and Ilias Mavrommatis, both ex-interbank dealers. The company has previously operated its brand name under the name XEMarkets until it started trading as XM.com in 2013.

Starting in 2010, the company started offering retail services through the MetaTrader 4 platform. In 2011 it received registration status from UK’s Financial Services Authority (FSA). During the same year it introduced WebTrader 4 in addition to Mobile Trading applications and also launched its own affiliate program for web affiliates, representatives and introducing brokers.

In 2012, XM’s holding company acquired XEMarkets.com[2] and started offering services in 18 languages. During the same year it launched a news streaming service on MetaTrader 4, and started offering a number of on-site and offsite seminars, workshops across various locations worldwide.

During the 2013 year, the company introduced free trading signals to customers and a Virtual Private Server (VPS) service. The signals are developed by Avramis Despotis, a Certified Financial Technician and Chief Technical analyst at XM.[3] Ending 2013, the company started working with UK-based organization Investors in People to transform business performance through investment in people.

In 2014 the company opened representative offices in Budapest, Athens and Sydney.

Business Structure[edit]

Trading Point (Holding)[edit]

XM’s holding company Trading Point Holdings, commonly known as Trading Point, is a Cyprus-based holding company. The company holds three subsidiary companies:

  • Trading Point of Financial Instruments Ltd (Cyprus), regulated by the Cyprus Securities & Exchange Commission (CySEC).
  • Trading Point of Financial Instruments Pty Ltd. (Australia) regulated by the Australian Securities & Investments Commission (ASIC).
  • Trading Point NZ Ltd, regulated by the Financial Service Providers Register (FSP) of New Zealand.

Regulatory Framework[edit]

Trading Point Holdings maintains subsidiaries which are regulated and registered within multiple jurisdictions including,[4] the Cyprus Securities & Exchange Commission (CySEC), the Australian Securities & Investments Commission (ASIC) and the Financial Service Providers Register (FSP) of New Zealand.

It’s Cyprus based subsidiary is registered with the FCA (UK), BaFin (Germany), CNMV (Spain), PSZÁF (Hungary), CONSOB (Italy), ACP (France), FIN (Finland), KNF (Poland), AFM (The Netherlands), FI (Sweden), ASIC (Australia).[5]

The company enforces investor protection measures described by the European Union’s Markets of Financial Instruments Directive (MiFID).[6]

The holding company is audited by KPMG.[7]

Trading Platforms[edit]

XM offers a large variety of trading platforms, from MetaTrader to the intuitive XM trading post. The MetaTrader 4 platform comes with Live Feeds for News, and with extensive support.[8] XM currently offers six different electronic trading platforms which can be used by the clients.

  • XM MetaTrader 4, 3rd party software with expert advisor
  • XM WebTrader 4, 3rd party software for web trading
  • XM MetaTrader 4 Multiterminal[9][10]

A number of customized forex Islamic accounts are available, plus demo accounts and managed accounts.

Awards & Reviews[edit]

A review by TheFXview.com on October 8, 2013 names XM as « one of the better forex…brokerages ».[11] According to independent forex-rating website FXBrokersRating.com, Trading Point « was founded by market professionals with many years of interbank experience » and trading with the company on the website is « extremely safe. »[12]

Forex market analysis website ForexCycle calls Trading Point a « leading online forex broker as it adopts a transparent execution policy which enhances no re-quotes on customer orders. »[13] Forex reviews website DailyForex also calls the quality of service « consistent. . .available and supportive throughout the trading process. »[14]

  • Best Innovative Forex Product 2013 award from Arabcom Group
  • Best Trading Execution Broker in 2013 at Lagos Forex Expo & Conference
  • Fastest Growing Broker in 2013 at Lagos Forex Expo & Conference[15]
  • Trading Platform With Best Execution at 10th China Guangzhou International Investment & Finance Expo[16]

Sponsorships[edit]

XM has used sponsorship of sporting events as a key way to promote itself; these sponsorships have included:

  • 2015 Limassol International Marathon
  • 2013 FIA Middle East Rally Championship driver Charalambos Timotheou running under the Timotheou Rally Team[17]
  • Cyprus Karate Association[18]
  • Apollon Limassol[19][20]
  • One Dream One Wish Foundation[21]

See also[edit]

  • Broker
  • Stockbroker
  • Options broker
  • Investing online
  • Commodity broker
  • Insurance broker
  • Foreign exchange market
  • Comparison of online brokerages

References[edit]

  • ^ « XM Broker ». myFXbook. Retrieved June 26, 2014. 
  • ^ « XE markets ». 1ForexBrokers.com. Retrieved June 26, 2014. 
  • ^ « XM.com Review ». OnlineAffiliatePrograms.com. Retrieved September 29, 2014. 
  • ^ « Regulation ». XM.com. Retrieved June 26, 2014. 
  • ^ « XM obtains ASIC Regulation ». Forex Factory. February 20, 2014. Retrieved June 26, 2014. 
  • ^ « About XM.COM ». FX Market Leaders. Retrieved June 26, 2014. 
  • ^ « Why Choose XM ». XM. Retrieved June 26, 2014. 
  • ^ « XM.com Review »FxLingo.com. Accessed January 4, 2015.
  • ^ « XM Overview, Platforms, Services ». FXStreet. Retrieved June 26, 2014. 
  • ^ « XM Review ». FX Empire. Retrieved June 26, 2014. 
  • ^ « XM (XM.com) Review ». TheFXview.com. October 8, 2014. 
  • ^ « Trading Point review ». FX Brokersrating.com. Retrieved July 17, 2014. 
  • ^ « Trading Point ». ForexCycle. Retrieved July 15, 2012. 
  • ^ « Trading Point Review ». DailyForex. Retrieved July 16, 2014. 
  • ^ « 3 More Awards for XM ». XM. December 10, 2013. Retrieved June 26, 2014. 
  • ^ « XEMarkets Awarded as Trading Platform With Best Execution at 10th China Guangzhou International Investment & Finance Expo ». Yahoo! News. March 14, 2013. Retrieved June 26, 2014. 
  • ^ « Charalambos Timotheou profile ». eWRC-Results.com. Retrieved August 25, 2014. 
  • ^ « Epityxia sto Balkaniko Protathlima Karate ». Sigmalive. April 6, 2013. Retrieved June 26, 2014. 
  • ^ « XM Official Sponsor of Apollon FC ». XM.com. September 1, 2012. Retrieved June 26, 2014. 
  • ^ « XEMarkets Official Sponsor of Apollon Limassol Football Team ». Forex Broker News. Retrieved August 25, 2014. 
  • ^ « FX Responsibility: XM Supports Charity Campaign for Children ». Forex Brokerz. August 12, 2013. Retrieved June 26, 2014. 
  • External links[edit]

    • Official website

    Retrieved from « http://en.wikipedia.org/w/index.php?title=XM.com&oldid=656251181 »
    Categories:

    • Financial institutions
    • Companies of Cyprus
    • Companies established in 2009
    • Foreign exchange companies
    • Financial services companies of Cyprus
    • Financial derivative trading companies

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