Trading Point XM is an online forex and CFD broker that provides trading services to clients worldwide. The company was founded in 2009 and is headquartered in Limassol, Cyprus.
Trading Point XM offers a range of trading instruments, including currency pairs, commodities, indices, and cryptocurrencies. Clients can trade through the MetaTrader 4 and MetaTrader 5 platforms, as well as through the Trading Point web and mobile platforms.
Trading Point XM is regulated by multiple regulatory bodies, including the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the United Kingdom. The company also offers negative balance protection and client funds are held in segregated accounts.
Here are some additional details about Trading Point XM:
Trading Accounts: Trading Point XM offers several types of trading accounts to suit different trading styles and preferences. These include the Micro, Standard, XM Ultra Low, and Shares accounts. The Micro and Standard accounts have no commission fees, while the XM Ultra Low account has ultra-low spreads with a commission charged per lot traded. The Shares account allows clients to trade shares of major companies on the NYSE, NASDAQ, and other exchanges.
Trading Conditions: Trading Point XM offers competitive trading conditions, with tight spreads and flexible leverage options. The maximum leverage available is 1:888 for non-European clients and 1:30 for European clients, in compliance with ESMA regulations. Trading Point XM also offers negative balance protection, ensuring that clients cannot lose more than their account balance.
Deposits and Withdrawals: Trading Point XM supports a range of deposit and withdrawal methods, including credit/debit cards, bank transfers, e-wallets, and local payment methods. Deposits are processed instantly, while withdrawals are usually processed within 24 hours. Trading Point XM does not charge any deposit or withdrawal fees, but clients should check with their payment provider for any applicable fees.
Educational Resources: Trading Point XM offers a range of educational resources to help traders improve their knowledge and skills. These include webinars, video tutorials, trading tools, and market analysis. Trading Point XM also provides a free demo account with virtual funds, allowing clients to practice trading in a risk-free environment.
Customer Support: Trading Point XM provides customer support in multiple languages, available 24/5. Clients can contact the support team via live chat, email, or phone. The company also has a comprehensive FAQ section and a knowledge base with articles and guides on various trading topics.