XM prepares to launch Trading.com in the US

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XM prepares to launch Trading.com in the USWe can confirm that US investors are about to have a fourth choice when choosing a forex broker to deal with. Trading Point Group, the parent company of XM.com, has applied for a license as a retail forex broker from the NFA.

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The move comes after another major brokerage arrived in the US market earlier this year, when IG Group launched its offering to US clients after obtaining a license to operate as a retail forex broker. Trading Point's decision comes at a critical time for the US market, as it becomes more attractive to retail brokers amid tightening regulations elsewhere, and XM.com's parent company has decided there is a gap in the US market.

Commenting on the matter, Chris A. Zakaria, managing director of trading point

The management of the group believes that there is an opportunity in the US market for more brokers, however the decision to launch Trading.com in the US was not only based on a consistent assessment of the market and satisfactory market share or not, but from a more dynamic point of view of a market that is developing and progressing and the role we can A game in enabling the market to grow

To remind our readers, after the implementation of the Dodd Frank Act on the industry in 2009, there are only three forex brokers operating in the USA – IG Group, Forex.com and OANDA.

Brand New Trading.com

Over the years, XM.com has grown exponentially, which has led to it becoming one of the best players in the global market. After the worldwide success of its flagship brand, Trading Point Group decided to launch a new independent brand that would provide clients with an easy-to-use way to trade the markets.

In short, Trading.com is the new brand of Trading Point Group. As explained by memory

Our goal is to build on the experiences we have gained over all these years with XM and launch a simpler version of XM that has been designed with the needs of the modern trader in mind.

While the company awaits its US license, it plans to do an easy launch in Europe to prepare its product for a wider audience. Trading.com has a newly designed suite of trading tools that are much simpler and easier to use than traditional forex solutions today.

In the meantime, Trading Point Group will continue to operate the successful XM brand. Trading.com will be operated in parallel with the various target markets and as a second brand through which the company is seeking to enter the US and Western European market.

remembrance said

We will launch the beta live in Western Europe on July 20th first as we prepare for the US market assuming all goes well with our pending license application. As mentioned earlier, we consider this an easy and straightforward launch of brand new activation and will release new features step by step over time.

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