The Trading Point Group, encompassing the CySEC-regulated broker XM and its offshore counterparts XMTrading and XMGlobal, has been assigned an Orange Compliance rating due to concerns regarding its offshore operations and regulatory adherence.
Company Overview
| Aspect | Details |
| Trading Names | XM, XMTrading, XMFX, XMBroker, Trading Point |
| Domains | – www.xm.com – www.xmtrading.com – www.xmbroker-fx.com – www.xmglobal.com – www.xmfx.market – www.xmfxglobal.org – www.trading.com – www.trading-point.com |
| Legal Entities | – Tradexfin Limited (Seychelles) – FinTrade Limited (Mauritius) – Trading Point Holdings Ltd (Cyprus) – Trading Point of Financial Instruments UK Limited (UK) – Trading Point of Financial Instruments Pty Ltd (Australia) – TPS Management Limited (Cyprus) – Trading Point Asset Management Ltd (Cyprus) – XM Global Limited (Belize) – Trading Point MENA Limited (Dubai) – Trading Point of Financial Instruments Ltd (CySEC) – XM International (BS) Limited (Bahamas) |
| Jurisdictions | Seychelles, Mauritius, Cyprus |
| Regulators | – CySEC (License No. 120/10) – FCA – ASIC – FSC Belize – DFSA – CFTC – SCB – FSA Seychelles – FSC Mauritius |
| Leverage Offered | Up to 1:30 (regulated entities), up to 1:1000 (offshore entities) |
| Payment Options | Credit/debit cards, e-wallets |
| Payment Processors | Eurobank Ergasias, Payabl, Nuvei, Neteller, Skrill, SticPay |
| Related Individuals | – Dimitris Dimitriou – Constantinos Cleanthous – Christoforos Livadiotis – Andreas Loizides – Marios Papapostolou – Bilal Waheed – Rishi Zaveri – Carol Papantoniou – Elena Nicolaou – Constantinos Costa |
Offshore Operations
Initially, XMTrading was managed by Trading Point (Seychelles) Limited, a visible part of the Trading Point Group. In mid-2019, the company rebranded to Tradexfin Limited, removing direct associations with Trading Point. Despite these changes, XMTrading continues to utilize Trading Point’s payment infrastructure, indicating ongoing affiliations.
Client Demographics
The group’s offshore entities primarily attract clients from Asian countries:
- XMTrading: Over 99% of website visitors originate from Japan.
- XMGlobal: Draws significant traffic from Vietnam, Pakistan, and Uzbekistan.
Compliance Concerns
While XMTrading claims not to accept clients from European Economic Area (EEA) jurisdictions, tests revealed that registration from EEA regions is possible. Additionally, offshore entities offer leverage up to 1:1000, exceeding the 1:30 limit imposed by regulators like CySEC and the FCA. These practices raise questions about the group’s adherence to regulatory standards.
Conclusion
Due to these compliance issues, the Trading Point Group, along with its associated brands XM and XMTrading, has been assigned an Orange Compliance rating. Stakeholders are advised to exercise caution and conduct thorough due diligence when engaging with these entities.
Call for Information
If you possess any information regarding XMTrading, its operators, or associated facilitators, please share it through our whistleblower platform, Whistle42.