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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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