Security and Regulation of Broker XM
Axella Pips
15 Jul 2015
73 views
Broker XM ensures client security in terms of secure fund storage and strict regulatory standards. In fact, XM is regulated in multiple jurisdictions including the UK, Australia, and the European Union.
To guarantee client security, broker XM groups clients and analyzes the suitability of each client's investment. XM implements a no requotes policy and does not request extra commissions that could negatively affect client investments, and provides detailed information regarding trading conditions.
XM stores client funds at Barclays Bank PLC, a trusted bank internationally known, in accounts separate from its core accounts. This is done to protect client funds and keep them safe. In addition to utilizing the services of Barclays Bank, XM owned by Trading Point Holdings Ltd also has a very strong legal basis. They operate under Cypriot Investment Services and Activities and are regulated by Market Law 144 (1)/2007. XM is also registered with various institutions:
XM stores client funds at Barclays Bank PLC, a trusted bank internationally known, in accounts separate from its core accounts. This is done to protect client funds and keep them safe. In addition to utilizing the services of Barclays Bank, XM owned by Trading Point Holdings Ltd also has a very strong legal basis. They operate under Cypriot Investment Services and Activities and are regulated by Market Law 144 (1)/2007. XM is also registered with various institutions:
- FCA (FSA, UK) with registration number 538324
- ASIC, Australia with registration number 443670
- BaFin, Germany with registration number 124161
- CNMV, Spain with registration number 201057773
- AFM, Netherlands
- FI, Sweden
- FIN, Finland
- PSZAF, Hungary with registration number K0005633
- CONSOB, Italy, with registration number 3046
- ACP, France, with registration number 73640
- KNF, Poland
- FSP New Zealand with number FSP235905
- MiFID with number HE251334
- CySEC with number 120/10