- Brokers
- Scam
- BV Assessment NEW
- Rankings
- Regulators
- News
- Claims
- Expo HOT
- Event
- Awards HOT
Search
Download
English
XM Trade
According to its website, it claims regulated by the Australian Securities & Investments Commission(ASIC) (Trading Point of Financial Instruments Pty Limited), by Cyprus Securities and Exchange Commission (CySEC) (Trading Point of Financial Instruments Ltd), by the Financial Services Commission (FSC) (XM Global Limited) and by the Dubai Financial Services Authority (DFSA) (Trading Point MENA Limited). Upon investigation, we did not find matching information in FSC, but we found relevant information in ASIC, CySEC, and DFSA. After careful comparison, we found that the registration address and website address in the regulatory agency were inconsistent with XM Trade, which was stolen information of compliant brokers.
In addition, it's located in the UK. However, no matching information was found in the Financial Conduct Authority (FCA).
In conclusion, XM Trade is definitively a scam. Investors are strongly advised to steer clear of it.
According to its website, it claims regulated by the Australian Securities & Investments Commission(ASIC) (Trading Point of Financial Instruments Pty Limited), by Cyprus Securities and Exchange Commission (CySEC) (Trading Point of Financial Instruments Ltd), by the Financial Services Commission (FSC) (XM Global Limited) and by the Dubai Financial Services Authority (DFSA) (Trading Point MENA Limited). Upon investigation, we did not find matching information in FSC, but we found relevant information in ASIC, CySEC, and DFSA. After careful comparison, we found that the registration address and website address in the regulatory agency were inconsistent with XM Trade, which was stolen information of compliant brokers. In addition, it's located in the UK. However, no matching information was found in the Financial Conduct Authority (FCA).In conclusion, XM Trade is definitively a scam. Investors are strongly advised to steer clear of it.
Reply
©2018-2024 BrokersView EU Limited. All Rights Reserved.
Risk Warning:
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
Disclaimer:
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.