XM Global Limited claims to be part of the well-known trading brand XM. Upon further investigation, there are several doubts concerning the company's entity information and regulatory status. This article comprehensively evaluates XM Global Limited, covering its corporate entity information, regulatory information, account opening process, account types, trading products, trading software, spreads, and customer support.
XM Global Limited Corporate Entity Information:
XM Global Limited declares itself as the renowned XM company, but in fact, there is evidence of impersonation. Although its official website claims the address is the same as XM’s, its domain was registered on February 26, 2024, less than six months before this report (March 21, 2024), and the webpage design has issues, notably the address section at the bottom of the official website is blank, indicating that its information may not be reliable.
XM Global Limited Regulatory Information:
The company claims to be regulated by multiple regulatory bodies including NFA, ASIC, CySEC, and FSC, but in reality, it is not regulated by these institutions. Such misleading promotions could deceive potential clients, increasing investment risk.
XM Global Limited Account Opening Process:
The account opening process is relatively simple; users only need to click the register button, fill in the necessary personal information such as email and password, and after registration, they can deposit funds and begin trading.
XM Global Limited Account Types:
XM Global Limited offers a variety of account types to meet the needs of different investors:
- Micro Account: Suitable for small-scale trading, with a minimum deposit of 5 USD, leverage up to 1:1000, and spreads on major currency pairs as low as 1 pip.
- Standard Account: Suitable for experienced investors, with the same minimum deposit of 5 USD and leverage up to 1:1000.
- Ultra-Low Spread Account: Offers lower spreads, designed for investors seeking low-cost trading, with a minimum deposit of 5 USD.
- Shares Account: Specifically designed for stock trading, with no leverage and a minimum deposit of 10,000 USD.
XM Global Limited Trading Products:
The company offers traders more than 1000 trading products across six asset categories, including forex, commodities, stock indices, precious metals, energy, and stocks.
XM Global Limited Trading Software:
To cater to users on different platforms, XM Global Limited offers the MT4 and MT5 trading platforms. These software solutions support PC, Mac, mobile (iPad, Android, iPhone), web, and multi-terminal users, aiming to provide a convenient trading experience.
XM Global Limited Spreads:
The spread conditions vary depending on the account type. For instance, the EUR/USD spread starts from 1.6 pips for standard and micro accounts, the gold spread starts from 0.35 pips, while the ultra-low spread account offers EUR/GBP spreads from 0.6 pips and gold spreads from 0.12 pips. This demonstrates the company's competitive trading conditions across different account types.
XM Global Limited Deposit/Withdrawal Process and Social Media:
Information about the company's deposit/withdrawal process and social media is not provided on the website. This may raise questions about the company's transparency and reliability for potential customers.
XM Global Limited Customer Support:
The company's customer support email is support@xm-jp-2024.com. Although a customer support channel is provided, the lack of additional contact methods and detailed information may inconvenience customers seeking assistance.
Conclusion:
Though XM Global Limited offers a wide range of trading products and account types, along with advanced trading platforms, its impersonation behavior, false regulatory claims, and lack of detailed company entity and regulatory information are important factors that potential investors need to be cautious about. Additionally, deficiencies in the website design, absence of deposit/withdrawal process and social media information, and limited customer support channels further exacerbate these uncertainties. Therefore, XM Global Limited is presented as "Suspected Fraud" on Traderknows.
