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XTB Empire

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Don't fall victim! BrokersView exposes XTB Empire's red flags: unregulated, blacklisted in Italy, scam accusations. Avoid financial loss. Read our in-depth review before considering!

Operating status: SCAM

Website: https://xtbempire.com/

Broker violations and abnormal records
  • 2023-05-11 The Italian regulator CONSOB ordered XTB Empire website to be blacked out

    On May 12, 2023, the Italian Companies and Exchange Commission (CONSOB) has ordered XTB Empire's website to be blacked out since it offers financial services illegally: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-12-may-2023/718268


    On May 12, 2023, the Italian Companies and Exchange Commission (CONSOB) has ordered XTB Empire's website to be blacked out since it offers financial services illegally: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-12-may-2023/718268
  • 2023-05-15 BrokersView has reviewed that XTB Empire is an unregulated broker

    XTB Empire falsely claims to be regulated by the Companies House (CH) under company number 07227848, since the agency is only a registrar of companies in the UK without authority to oversee the financial market. It is the Financial Conduct Authority (FCA) that regulates such activities in the country. We in our research on XTB Empire discovered that this broker might use details of other real firms to make itself appear legitimate and there isn't any record matching XTB Empire in the FCA registry. Furthermore, the Italian Companies and Exchange Commission (CONSOB) has ordered this broker's website to be blacked out since it offers financial services illegally.

    In essence, XTB Empire is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    XTB Empire falsely claims to be regulated by the Companies House (CH) under company number 07227848, since the agency is only a registrar of companies in the UK without authority to oversee the financial market. It is the Financial Conduct Authority (FCA) that regulates such activities in the country. We in our research on XTB Empire discovered that this broker might use details of other real firms to make itself appear legitimate and there isn't any record matching XTB Empire in the FCA registry. Furthermore, the Italian Companies and Exchange Commission (CONSOB) has ordered this broker's website to be blacked out since it offers financial services illegally.In essence, XTB Empire is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

What's minimum deposit for a MT5 account?

HarryJohn
Palau
2023-05-18
ANSWER XTB Empire is a non-regulated broker we advise against trading with, despite the seemingly attractive deals it offers.XTB Empire falsely claims to be regulated by the Companies House (CH) under company number 07227848, an agency actually serving as a registrar of companies in the UK not empowered to oversee the financial market. As per UK law, the Financial Conduct Authority (FCA) is the regulatory body responsible for supervising financial activities in the country. We searched for XTB Empire in the FCA registry and discovered that this broker is not regulated by the authority and might fraudulently use the details of other real firms to appear legitimate. Furthermore, the Italian Companies and Exchange Commission (CONSOB) has ordered this broker's website to be blacked out since it offers financial services illegally. You can access the full warning here.Regarding your question, we suggest you avoid dealing with XTB Empire since it is an unlicensed broker. Using services provided by such a broker could put you at risk. You may suffer financial losses or identity theft as there are no rules to protect them. Therefore, we strongly suggest investors stay away from unlicensed brokers like XTB Empire and choose fully regulated ones instead.
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