ANSWER XM Trade is likely a fraudulent entity.Claims of regulation by various financial authorities made by XM Trade are misleading, as our verification shows that the licensing details provided are actually associated with the legitimate entity, XM, not XM Trade. This indicates a deliberate attempt by XM Trade to deceive investors.Therefore, it is apparent that XM Trade may be intending to commit fraud. Investors are strongly advised to steer clear of XM Trade and to diligently verify a broker's claims before trusting them with funds.
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