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XM

Regulated
Cyprus
,
Last Updated:
50/100
Overall Score

Trading Conditions

Min Deposit:
USD5
Max Leverage:
1000
Account Types
ZeroStandard

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

4 methods

Visa/Mastercard

credit card
Instant
Fee:
Free
Fee:
Free

Bank Transfer

bank transfer
5 days
Fee:
Free
Fee:
$15

Skrill/Neteller

e wallet
Instant
Fee:
Free
Fee:
Free

USDT

crypto
Instant
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 56%, 2: License 63%, 3: Software 51%, 4: Spread 0%, 5: Account Type 28%, 6: Symbol 0%
Regulation
56%Fair
License
63%Fair
Software
51%Fair
Spread
0%Poor
Account Type
28%Poor
Symbol
0%Poor

Company Information

Full Name:XM Global Limited
Founded:N/A
Headquarters:Cyprus
Enterprise Offices:N/A

Customer Support

Phone:
+35725029933
Live Chat:
business_hours
Response Time:
Languages:
English
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Broker Summary

Summary of the broker

Introduction

In the dynamic world of financial trading, brokers play a pivotal role in facilitating transactions and providing access to various markets. While many brokers are well-documented and widely recognized, some entities remain elusive, with limited information available. One such entity is the "Generic Trading Broker," which has piqued the curiosity of many due to its ambiguous presence in the trading landscape.

This article aims to explore the available information about Generic Trading Broker, delving into its background, services, regulatory compliance, and more. Despite the scarcity of data, we will piece together the puzzle to provide a comprehensive overview of what is known about this enigmatic broker.

Background and History

The entity known as GENERIC TRADING CO LTD was incorporated in the United Kingdom on October 11, 2019. However, its existence was short-lived, as it was voluntarily struck off and dissolved by March 30, 2021. This brief operational period leaves many questions unanswered about its founders, headquarters, and the evolution of its business model.

With no detailed records or public filings available, the history of Generic Trading Broker remains largely undocumented. This lack of transparency raises concerns about its legitimacy and operational intentions during its brief existence.

Key Features and Offerings

Unfortunately, there is no available data on the specific features and offerings of Generic Trading Broker. Typically, brokers provide a range of services, including trading platforms, account types, and access to various financial instruments. However, in this case, no such information is accessible, leaving potential clients in the dark about what this broker might have offered.

Without insights into its platforms, accounts, or instruments, it is challenging to assess the value proposition that Generic Trading Broker might have presented to traders.

Regulatory Compliance and Licensing

Regulatory compliance is a critical aspect of any brokerage firm, ensuring that it operates within the legal frameworks set by financial authorities. However, there is no evidence of any regulatory licenses or compliance details for Generic Trading Broker.

Regulator License Number Status
No Data No Data No Data

This absence of regulatory information suggests that the broker may not have been authorized to operate, which is a significant red flag for potential investors.

Trading Conditions and Platform Technology

Trading conditions, such as spreads, leverage, and minimum deposits, are crucial factors for traders when choosing a broker. Unfortunately, no such data is available for Generic Trading Broker, making it impossible to evaluate its competitiveness in the market.

Aspect Details
Spreads No Data
Leverage No Data
Minimum Deposit No Data

Similarly, there is no information on the technology or platforms that might have been used, leaving a gap in understanding the user experience and technological capabilities of the broker.

Fee Structure

Understanding the fee structure is essential for traders to manage their costs effectively. However, no data is available regarding the fees associated with Generic Trading Broker, such as deposit fees, withdrawal fees, or commissions.

Fee Type Details
Deposit Fees No Data
Withdrawal Fees No Data
Commission No Data

This lack of transparency in fee structures further complicates the assessment of the broker's offerings.

User Experience and Market Reputation

User reviews and market reputation are valuable indicators of a broker's reliability and service quality. Unfortunately, there are no reviews or ratings available for Generic Trading Broker, leaving its reputation in the market unknown.

Without feedback from users, it is challenging to gauge the broker's performance, customer service, and overall user satisfaction.

Recent Developments

The most significant development regarding Generic Trading Broker is its dissolution in 2021. Since then, there have been no updates or news about the entity, indicating that it is no longer active in the trading industry.

This dissolution marks the end of any potential operations, leaving no room for future developments or re-emergence in the market.

Conclusion

In conclusion, the Generic Trading Broker remains an enigma in the financial trading world. With limited information available and its dissolution in 2021, it is clear that this entity is no longer active. The absence of data on its services, regulatory compliance, and user experience raises significant concerns about its legitimacy and operational intentions.

For traders seeking reliable and transparent brokers, it is crucial to conduct thorough research and choose entities with verifiable regulatory compliance and a proven track record. Unfortunately, Generic Trading Broker does not meet these criteria, and its brief existence leaves more questions than answers.

Regulatory Licenses

Compliance & oversight

4 licenses
Australia
ASICTier 1
Australia#AFSL 443670
License Details
Type:Financial Service
License #:AFSL 443670
Status:Regulated
Validity
Effective:N/A
Expires:N/A
Cyprus
CySECTier 2
Cyprus#120/10
License Details
Type:Financial Service
License #:120/10
Status:Regulated
Validity
Effective:N/A
Expires:N/A
United Arab Emirates
DFSATier 2
United Arab Emirates#F003484
License Details
Type:N/A
License #:F003484
Status:Regulated
Validity
Effective:N/A
Expires:N/A
Belize
FSCTier 3
Belize#8557558
License Details
Type:N/A
License #:8557558
Status:Regulated
Validity
Effective:N/A
Expires:N/A
1
Tier 1
4
Countries
0
Offshore

Account Types

Trading account options

2 types
Zero
ECN
Min Deposit USD 5 • Leverage 1:30 • Commission $3.5 per side per lot
Min DepositUSD 5
Leverage1:30
Commission$3.5 per side per lot
Standard
Standard
Min Deposit USD 5 • Leverage 1:30 • Commission No Commission
Min DepositUSD 5
Leverage1:30
CommissionNo Commission
2
Total Types
2
Categories
ECN Available

Funding Methods

Deposit & withdrawal options

4 methods
Visa/Mastercard
Credit CardInstant
Deposit
Fee:Free
Min:USD 5
Max:N/A
Withdrawal
Fee:Free
Min:USD 5
Max:N/A
Withdrawals take 2 to 5 business days
Bank Transfer
Bank Transfer5 min
Deposit
Fee:Free
Min:USD 5
Max:N/A
Withdrawal
Fee:USD 15
Min:USD 5
Max:N/A
No fees for amounts over $200; a fee applies for amounts below $200
Skrill/Neteller
E-WalletInstant
Deposit
Fee:Free
Min:USD 5
Max:N/A
Withdrawal
Fee:Free
Min:USD 5
Max:N/A
Same-day processing for withdrawals
USDT
CryptocurrencyInstant
Deposit
Fee:Free
Min:USD 5
Max:N/A
Withdrawal
Fee:Free
Min:USD 5
Max:N/A
4
Free Deposit
4
Instant
1
Crypto

Trading Platforms

Professional trading tools

2 Available
MetaTrader 4

MetaTrader 4

by MetaQuotes Software Corp. • 2005

Windows
Mac
Web
Android
+1
Rating
4.5
Status
Available
Type
Integrated
Platforms
Trading Software
Visit
Meta Trader 5

Meta Trader 5

by MetaQuotes Software Corp • 2010

Windows
Mac
Linux
Web
+3
Rating
4.5
Status
Available
Type
Integrated
Platforms
+
Trading Software
Visit

Live Spreads & Trading Costs

Compare real-time spreads on major currency pairs

Spreads are the core trading cost with XM: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.

  • Live spread table for six major currency pairs, refreshed every few seconds
  • Excellent / competitive / high ratings so you can benchmark XM at a glance
  • Bid, ask and pip-change data to estimate your real cost per trade
View live spreads for XM

Spread data is indicative and for comparison purposes only

Global Domains

Worldwide web presence

1 site
🌐
https://www.xm.com/restricted
Unknown
Active
SSL
1
Active
1
Countries
100%
SSL

Social Presence

Digital community engagement

5 platform
Scroll to see all 5 platforms

Comments

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