Award-winning broker XM, owners Trading Point Group announced to their clients in an email that starting from mid-July, client’s accounts at XM-UK will be migrated into a new brand on Trading.com.
This move for clients at XM-UK means that they will be the first to experience new exciting features on Trading.com platform. Which will include:
• An investor zone
• New educational content
• New asset classes
But you know what?
Also making headline news is that according to reports from the National Futures Association, in January, Trading Point Group applied to get regulated in the USA.
The CMO of Trading Point Group, Chris Zacharia said that the US market offers an opportunity for more operators.
He also said that the decision to launch Trading.com in the US was based on a dynamic view of the market which is under development and the role that they can play in making the market grow.
Zacharia added that they have gained a lot of experience and expertise over the years with XM which they want to build on with Trading.com.
He continued saying that the launch of Trading.com into the US market is designed with millennial traders in mind and is a more simplified version of XM.
What it means is this
The decision to enter the US market by Trading Point is crucial as it comes at a time when there are tightening of regulations globally and makes it more attractive for retail brokers.
As it happens, Trading.com has all the experience and expertise that it garnered from XM and they feel that they can fill the gap in the US market.
That’s not all…
This will make Trading.com the fourth forex broker to operate in the US.
To the immediate future, the new independent brand, Trading.com is preparing for a soft launch in Europe in the forex arena with a simpler and easier trading suite than the traditional solutions.
Great new exciting features
According to reports, Zacharia is intending to take the beta live on this July in Western Europe as they prepare to enter the US market pending their approval for a license. They intend to release new features step by step after they go live.
For now, the successful XM brand will continue to operate with Trading.com running parallel as a second brand, targeting different markets.
XM.com is one of the top to mid-tier market players globally and have grown significantly over the years.
The decision to launch a new independent brand by Trading Point Group is to provide a more user-friendly way for clients to trade the markets.