Trading Point

Trading Point of Financial Services Ltd, commonly known as Trading Point, is a Cyprus-based holding company operating in the financial sector in the European Union and other countries. It is mostly known for owning and operating XM.com, which offers online trading services and a signals program, and XM Partners, an affiliate programme for introducing brokers. Trading Point has customers in 179 countries, provides support in 22 different languages and maintains offices in Cyprus, Hungary, Australia and New Zealand.

Trading Point holds three subsidiary companies:

• Trading Point of Financial INSTRUMENTS Ltd (Cyprus), regulated by the Cyprus Securities & Exchange Commission (CySEC).
• Trading Point of Financial Instruments Pty Ltd. (Australia) regulated by the Australian Securities & Investments Commission (ASIC).
• Trading Point NZ Ltd, regulated by the Financial Service Providers Register (FSP) of New Zealand.

History

2009

Trading Point of Financial Services Ltd is founded in Cyprus.

2010

Trading Point launched trading-point.com, initiating the Trading Point Investment and Research Desk and offering retail services.

2011

Trading Point secured registration status for its Cyprus-based subsidiary from Financial Services Authority (FSA) and other major EU Regulatory Authorities.

In September, the company became the focus of attention when it paid $1 million to a client named Chris Wheeler, an experienced foreign currency trader. This was believed to be one of the largest forex payments up to that time and the largest payout by a European broker.

2012

Trading Point established Trading Point NZ Ltd and secured regulation by the Financial Service Providers Register (FSP) of New Zealand.

The company also acquired domain XEMarkets.com

On February 16, Trading Point stopped accepting US residents as clients after the CFTC advised the company that it should not offer its services on a cross-border basis without being registered as a commodity broker in the United States , and without complying with the US regulatory framework for retail foreign exchange transactions.

2013

Trading Point acquired the domain name XM.com in a transaction estimated to have cost US$220,000 and started trading under the XM name

2014

Trading Point established Trading Point of Financial Instruments Pty Ltd. (Australia) and secured regulation by the Australian Securities & Investments Commission (ASIC).

Reviews

According to independent forex-rating website FXBrokersRating.com, Trading Point "was founded by market professionals with many years of interbank experience" and trading with the company on the website is "extremely safe."

Forex market analysis website ForexCycle calls Trading Point a "leading online forex broker as it adopts a transparent execution policy which enhances no re-quotes on customer orders." Forex reviews website DailyForex also calls the quality of service "consistent. . .available and supportive throughout the trading process."

See also

• Holding Company
• Financial Services
• Financial regulation
• Forex