ANSWER Dear Investor,
XC Market does not state that it holds any financial license, it only mentions being registered in Saint Lucia. We did find a company with the same name in the Saint Lucia International Financial Centre (IFC) registry, but this registration simply gives it International Business Company (IBC) status, which is not a financial services license. Importantly, the IFC does not oversee or authorize forex trading, so this registration offers no regulatory protection.
Since XC Market operates without any real regulatory oversight, it carries significant risk. Given the lack of licensing and transparency, we believe it shows strong signs of being an unregulated, or potentially fraudulent, platform. We strongly advise you to avoid trading with XC Market.
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