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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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