Trading Point Group, the owner of the XM retail trading brand, sent an email to customers on Wednesday saying that it will be migrating client accounts to Trading.com in mid-July.
“We are pleased to announce that Trading Point Group, the owner and operator of the XM brand, which operates worldwide through regulated entities, is launching a new brand on Trading.com on 20/07/2019,” the broker’s email said.
That email was sent to clients trading via XM’s UK entity, which is regulated by the Financial Conduct Authority.
It appears that XM UK clients will also be the first to migrate to the new Trading.com platform.
“Existing XM UK customers will be the first to take advantage of the exciting new features described above,” said the broker’s email. “[T]heir accounts will be transferred to Trading.com at the launch of the brand.”
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Look, new stuff!
In its email, Trading Point also said that the launch of its new brand would be accompanied by a number of new features.
That will include a new trading platform, mobile application, and “investor zone.” The broker is also going to provide fresh educational content for its clients and new asset classes to trade in.
The launch of the Trading.com website may signal that things are moving forward with Trading Point Group’s application to become regulated in the USA.
In January of this year, the National Futures Association altered its listed of registered Retail Foreign Exchange Dealers – or RFEDs – showing that Trading.com was applying to become a regulated entity in America.
That process is still ongoing, but it has been almost six months since the broker filed its application.