Brokers News

2013 in Review: XM (XEMarkets)

Dec 24 2013 08:00:00 GMT
By
Maria Nikolova , Forexbrokerz.com Find me on Google+

The year was dynamic in many respects for XM – the Cyprus-based Forex broker: the least to say, the company changed its brand name from XEMarkets to XM in the summer. But that was not the only thing that characterized 2013 for the company.

 

For starters, the company sought to boost the service line up for its clients, even for most niche ones and in April it introduced a Metatrader 4 app for Mac computers, so that Apple fans enjoy the full capabilities of the industry's leading platform. 

 

These efforts continued in May when the broker launched free trading signals for its clients with the source of the valuable information being the broker's chief technical strategist Avramis Despotis. The move turned out to be crucially wise, as we recall that in July the company terminated its support for social trading platforms Tradency and ZuluTrade. 

 

The summer brought a raft of important changes for the company: first up, in June, was the rebranding of the company under the XM name. It also got a new domain: xm.com, one that is easier to remember and that signified the more ambitious approach of the broker. 

 

One more move of vital importance for corporate structure was made in August, with XM obtaining registration with New Zealand's Financial Service Providers (FSPs), thus enhancing its global presence and boosting the regulatory safeguards. Talking about global presence, it's worth noting that the XM team have acted to meet its partners in person and has launched global tours aiming at getting in touch with introducing brokers. Educational seminars and training sessions have been held across the globe too.

 

The one thing that really struck us happened in September – XM acted as a sponsor of a charity campaign aiming to help children suffering from various grave illnesses. The initiative showed the more humane face of business and deserved our praise and most sincere compliments.

 

XM has never forgotten about spoiling its clients with various perks, like bonuses, incentives and opportunities to profit from their trading abilities. The latter include a raft of contests held throughout the year: but the most remarkable of those was a $500,000 Contest Arena, which allowed traders to participate in a series of competitions according to their choice. The broker simply made a revolution in this respect.

 

Given all of these achievements, there's nothing surprising in the fact that the company received many signs of recognition during 2013: the broker obtained various awards at shows ranging from the 10th China Guangzhou International Investment & Finance Expo to the MENA 12th Forex Show, and even the Lagos Forex Expo & Conference. The titles include prestigious one like the award for Fastest Growing Broker in 2013. 

 

The broker has plenty to remember and to be proud of at the end of this year. And we expect more accomplishments from XM in 2014.

 

TAGS: xm  xemarkets  xm forex broker  xm cyprus  xm 2013  2013 in review  xm performance  forex bonus  forex contest  forex awards  contest arena  forex trading  forex platform  ib tour  partnership forex 

More news about XM

Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
US, UK, Australia CFTC/NFA, FCA, ASIC MT4, Web,
Mirror Trader,
Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA MT4, Web,
ProRealTime,
2Dealer
$1 Review Website
UK, Cyprus FCA, CySec MT4 $5 Review Website
UK, Cyprus FCA, CySEC MT4, MT5, Web,
cTrader,
SuperTrader,
FxPro Markets
$100 Review Website
Seychelles FinaCom MT4 $10 Review Website
UK, Bulgaria FCA, FSC Web $150 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus CySEC MT4, MT5 $300 Review Website
New Zealand FMA MT4 $1000 Review Website

More Forex Brokers News

Admiral Markets amends margin requirements

Jan 19 2017 14:59:35

Admiral Markets, a European forex and CFD broker, said it is amending the margin requirements on the instruments it offers on some of the live trading accounts.    According to the broker, the changes will apply to all positions opened on Admiral.Markets and Admiral. Read more

eToro takes ETFs to a next level of Copy Trading

Jan 18 2017 15:20:51

Innovative forex broker and social trading network eToro launched a new investment service called CopyFunds, which takes exchange-traded funds (ETFs) to a whole new level.   ETFs allow traders to invest in a whole sector or market trend, not just in one company or commodity. Read more

XM is only forex broker in World Finance 100 2016 list

Jan 18 2017 12:47:05

XM, a European forex broker regulated by UK's FCA and the Cyprus Securities and Exchange Commission (CySEC), said it has been included in the World Finance 100 list for 2016. Read more

Interactive Brokers’ income before taxes increases by 66.2% in 2016

Jan 18 2017 08:39:23

Multi-asset automated brokerage Interactive Brokers (NASDAQ GS: IBKR) announced key financial and trading metrics for 2016 on Tuesday.  Leading US broker and a market maker reported its income before taxes for 2016 came in at $761 million, which is a growth of 66.2% compared to 2015. Read more

Swissquote’s social network Pulse now available on iOS devices

Jan 17 2017 15:06:27

A bank, a major FX and CFD brokerage, as well as a fintech pioneer, Swissquote announced that its recently launched social network, called Pulse, is now available on iOS devices. Read more

Morgan Stanley raises its stake in Plus500

Jan 16 2017 15:31:23

Morgan Stanley, the US multinational financial company who is among the major stakeholders in the London Stock Exchange (LSE)-traded forex broker Plus500 (LON:PLUS) has raised its stake in the company to pass the 6% threshold. Read more

IG urges its clients to take a stand with regards to FCA’s proposals

Jan 13 2017 08:36:04

Major brokerage IG Group (LON:IGG) encourages its clients to share their opinions about the recent proposal from the Financial Conduct Authority (FCA) to raise margin requirements for CFDs and spread betting, among other things. Read more

FXCM sees December, Q4 2016, annual trading volumes fall

Jan 12 2017 14:31:39

FXCM, the leading US forex brokerage saw a double-digit decline in its December retail and institutional trading volumes both on a monthly and annual basis, show the officially released company metrics. Read more

IG Group renames binary options to “Digital 100s”

Jan 12 2017 10:44:34

 IG Group, one of Europe's largest forex, CFD and spread betting (UK only) brokers has rebranded its binary options products and now calls them “Digital 100s”. Read more

It's official: Banc De Binary renounces Cyprus license

Jan 11 2017 12:43:49

 Banc De Binary, the largest and oldest regulated binary options broker has renounced its Cyprus license, several days after the first reports that it is planning to shutter its business and has stopped taking clients from the EU. Read more