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.
The roster includes those who have reached the pinnacle of achievement across a wide variety of fields of expertise, as well as those organisations and individuals that lead the way in driving their industries forward. It is comprised by the magazine World Finance each year since 2009.
According to the authors of the list, since it was established in 2009, XM has grown into a “renowned forex trading platform, with over 700,000 clients around the globe”. The publication notes that in addition to the good support and the wide array of secure payment methods and eight full-feature trading platforms, what really sets XM apart from its peers is “its core objective of assisting traders in reaching their full potential and achieving their ambitions.” The face-to-face seminars and coaching sessions are among the main reasons the company enjoys “impressively high client retention”.
In World Finance 100 2016 list XM is in the company of major financial services companies like Goldman Sachs, VTB Capital, Royal Bank of Canada and Wells Fargo.
Previously the list has included the forex brokers Lite Forex and HotForex and the now closed down binary options major Banc De Binary.
XM, formerly known as XEMarkets, is a trading brand of Trading Point Holdings. It is based in Cyprus and is regulated by the CySEC, FCA and the Australian Securities and Investments Commission (ASIC). It is also registered with Germany’s BaFin and is compliant with with the Markets in Financial Instruments Directive (MiFID) of the European Union. It is also awaiting licensing from the Financial Services Board (FSB) of South Africa.
In addition to Cyprus XM also has offices in Hungary and Greece. It is mostly active in some EU countries, Russia and some of the Asia-Pacific countries.
XM offers trading in forex and CFDs on indices, commodities, energies and precious metals and a leverage of up to 1:888. The trading platform is MT4.