XM moves its UK clients to its new trading.com platform

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XM moves its UK clients to its new trading.com platformTrading Point Group, owner of the XM brand, sent an email to clients on Wednesday saying it would migrate their accounts to Trading.com in mid-July.

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“We are pleased to announce that Trading Point Group, owner and operator of the XM brand, which operates worldwide through regulated entities, will launch a new brand on Trading.com on 07/20/2019,” the broker’s email said.

The email has been sent to clients trading through the UK entity XM, which is regulated by the FCA. It looks like XM UK clients will be the first to migrate to the new Trading.com platform. The broker’s email stated, “Existing XM UK clients will be the first to benefit from the new features and this will include a new trading platform, mobile app, new investor area, new educational content and even new asset classes to trade in. Client accounts will be transferred to Trading.com immediately New brand launch.”

The launch of the Trading.com website indicates that things are moving forward with the introduction of Trading Point Group to become regulated in the USA. whereas On January 2 this year, the National Futures Association changed its list of registered retail foreign exchange dealers - or RFEDs - showing that Trading.com was progressing to become a regulated entity in America. This process is still going on, but it's been about six months since the broker placed his order.

 

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