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xcgin

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Operating status: SCAM

Website: https://xcgin.com/

Broker violations and abnormal records
  • 2024-01-04 The BaFin issued a warning against xcgin

    On 3 January 2024, the Federal Financial Supervisory Authority (BaFin) issued a warning that xcgin was providing financial services or products without authorisation. You may visit: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_12_28_CansaLimited_en.html

    On 3 January 2024, the Federal Financial Supervisory Authority (BaFin) issued a warning that xcgin was providing financial services or products without authorisation. You may visit: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_12_28_CansaLimited_en.html
  • 2024-01-04 BrokersView has Reviewed that xcgin is an Unregulated Broker

    According to its website, it is located in Netherlands. Upon investigation, no matching information was found in the Dutch Authority for the Financial Markets (AFM).

    In addition, the Federal Financial Supervisory Authority (BaFin) issued a warning that xcgin was providing financial services or products without authorisation.

    The truth is that xcgin is not regulated by any regulators. Letting it hold or control any investors' money is unsafe and the money cannot be protected by any laws.

    Therefore, xcgin is a scam.

    According to its website, it is located in Netherlands. Upon investigation, no matching information was found in the Dutch Authority for the Financial Markets (AFM).In addition, the Federal Financial Supervisory Authority (BaFin) issued a warning that xcgin was providing financial services or products without authorisation.The truth is that xcgin is not regulated by any regulators. Letting it hold or control any investors' money is unsafe and the money cannot be protected by any laws.Therefore, xcgin is a scam.
  • 2024-02-18 The CNMV issued a warning against ​xcgin

    On 19 February 2024, the Comisión Nacional del Mercado de Valores (CNMV) issued a warning that xcgin was providing financial services or products without authorisation. You may visit: https://www.cnmv.es/webservices/verdocumento/ver?e=OsZRIMB%2fdI1fjCZChNe5eYbgIfO3RtNU2TGg1f2UJVUILCnUAEn6Pt63MwWh%2bqV8

    On 19 February 2024, the Comisión Nacional del Mercado de Valores (CNMV) issued a warning that xcgin was providing financial services or products without authorisation. You may visit: https://www.cnmv.es/webservices/verdocumento/ver?e=OsZRIMB%2fdI1fjCZChNe5eYbgIfO3RtNU2TGg1f2UJVUILCnUAEn6Pt63MwWh%2bqV8

Related Complaints

Q&A

What leverage does xcgin offer to retail clients?

Navpreet Bain
Cameroon
2024-01-14
ANSWER It's important to note that xcgin has been flagged as an unregulated broker by the German Federal Financial Supervisory Authority (BaFin), and has numerous negative reviews. Therefore, it's crucial to exercise caution and stay away from such platforms. The website of xcgin claims it's based in the Netherlands, but no corroborating information was found in the Dutch Authority for the Financial Markets (AFM). Moreover, BaFin has issued a warning, stating that xcgin was offering financial services/products without authorization.Always ensure to conduct thorough research and consider the reputation of the broker before investing. This unlicensed broker, xcgin, poses significant risks and should be avoided at all costs. To have a safer trading experience, it is advised to choose fully regulated brokers with solid reputations only.
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