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.BrokersView found that the domain "https://xmtrade.in/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
BrokersView found that the domain "https://xmtrade.in/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
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