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XM Parent Launches Trading.com Website
Trading Point Group, the parent company of Forex and CFD broker XM, has recently launched its new website and trading platform called Trading.com. The site has new features and modern design. The launch represents XM’s effort to rebrand and expand its business, including in the US.
Trading.com is Now Live
At the end of June, we reported that XM’s parent was preparing its clients for the new website known as Trading.com. The migration of XM clients’ trading accounts to the new platform started last month, with the UK customers being among the first ones to enjoy the new services.
XM’s email sent to UK clients last month read:
Existing XM UK customers will be the first to take advantage of the exciting new features described above. Their accounts will be transferred to Trading.com at the launch of the brand.
XM is a Forex and CFD retail broker regulated by the UK’s Financial Conduct Authority (FCA). The company is also authorised by the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). Thus, European and Australian clients will follow next with the migration of accounts.
Besides this, Trading Point aims to expand in the US, which has strict rules when it comes to CFD products offered to retail investors. The company seeks approval from the US National Futures Association.
Trading.com Has New Features
The website has a nice-looking greenish design. Clients can access the markets through the different versions of the MT5 trading terminal, including the downloadable version, WebTrader, and the mobile platform available for both iOS and Android operating systems.
Users can access a wide range of assets as follows:
- 57 foreign exchange pairs, including majors (EUR/USD, GBP/USD, AUD/USD), minors (AUD/NZD, CAD/CHF), and exotic pairs (GBP/SGD, EUR/ZAR)
- 1203 company stocks, including those listed on major stock exchanges in the US, the UK, Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Australia, and more
- 12 indices
- 15 commodities, including gold, silver, oil, coffee, etc
- 5 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash (all traded in pairs with USD)
The average spread on Forex majors is 0.6 pips. The maximum leverage is 30:1 and the service has negative balance protection. The minimum deposit is only $5.00. Traders can deposit in USD, EUR, GBP, CHF, AUD, PLN, and HUF. Alternatively, there is the demo account option, which allows traders to trial the platform or to improve skills by treading with virtual funds.
Besides the trading platform and the educational materials available with Trading.com, the platform also provides the “investor zone” feature, which enables clients to benefit from multiple services.
Anatol has been writing for our news site for a year and is the newest member of our team. While he’s new to us, he’s certainly not new to trading with over 10 years’ experience being a professional financial journalist and working in the markets.
