The trading name XM.COM, belonging to Trading Point Holdings Ltd, which wholly owns several regulated entities offering online retail brokerage services around the world, just added an ASIC-approved entity to its list.
Operating under the XM.com brand, with international locations in Cyprus and New Zealand, and headquarters in Limassol, the Cypriot-owned group of companies under the parent holding company Trading Point Holdings Limited has gained authorization from the Australian Securities & Investment Commission (ASIC) for one of its regulated Australian registered entities.
The new ASIC license was said to be for Trading Point of Financial Instruments Pty. Ltd., under license number 443760, and adds to the group's ownership of 4 licenses in total, across New Zealand, the United Kingdom, Cyprus and now an Australia regulated entity.
In the update posted on its corporate xm.com website, the company said that the license granted is a significant milestone in its global expansion strategy after the firm reached over 100 million trades, as per updated information on a different section of its website, counting since January 2013 to date.
In addition, the company published that it has paid out some $10 million in IB fees to Affiliates and introducing brokers, as it drives its sales efforts through partnerships, a method typical to most retail Forex brokerages for growing the number of accounts acquired, in addition to in-house online marketing and sales efforts.
The ASIC registration appears to have been submitted in June 2013 based on data on the regulator's website, and the go-ahead given by ASIC around the end of December 2013, as told to Forex Magnates' reporters by people close to the company.
Forex Magnates' reporters spoke with Chris Zacharia, Marketing Director at XM.com's Cyprus Office, in charge of corporate marketing communications, and who explained that one of the drivers for pursuing the ASIC license, in addition to being part of the company's strategy as noted in the press release, was the expectation that it would help the firm focus within Asia-Pacific, as Australia is thought to be a more familiar regulatory hub/trading partner within Asian countries, in comparison to other locations (such as in Europe,etc.).
Operating under the XM.com brand, with international locations in Cyprus and New Zealand, and headquarters in Limassol, the Cypriot-owned group of companies under the parent holding company Trading Point Holdings Limited has gained authorization from the Australian Securities & Investment Commission (ASIC) for one of its regulated Australian registered entities.
The new ASIC license was said to be for Trading Point of Financial Instruments Pty. Ltd., under license number 443760, and adds to the group's ownership of 4 licenses in total, across New Zealand, the United Kingdom, Cyprus and now an Australia regulated entity.
In the update posted on its corporate xm.com website, the company said that the license granted is a significant milestone in its global expansion strategy after the firm reached over 100 million trades, as per updated information on a different section of its website, counting since January 2013 to date.
In addition, the company published that it has paid out some $10 million in IB fees to Affiliates and introducing brokers, as it drives its sales efforts through partnerships, a method typical to most retail Forex brokerages for growing the number of accounts acquired, in addition to in-house online marketing and sales efforts.
The ASIC registration appears to have been submitted in June 2013 based on data on the regulator's website, and the go-ahead given by ASIC around the end of December 2013, as told to Forex Magnates' reporters by people close to the company.
Forex Magnates' reporters spoke with Chris Zacharia, Marketing Director at XM.com's Cyprus Office, in charge of corporate marketing communications, and who explained that one of the drivers for pursuing the ASIC license, in addition to being part of the company's strategy as noted in the press release, was the expectation that it would help the firm focus within Asia-Pacific, as Australia is thought to be a more familiar regulatory hub/trading partner within Asian countries, in comparison to other locations (such as in Europe,etc.).
58% of UK Investors Choose Professional Guidance over 'Finfluencers’
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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