Verified: XM Trade Is Operating Through A Website Https://xmtrade.in/, This Domain Name Was Registered In June 2023.
The Company's Website Is Currently Defunct, Inaccessible, Appears To Be Out Of Business, And Details About The Company Are Not Immediately Available. Traders Must Be Vigilant To Prevent Fraud And Damage To Their Funds.
Reviewed XM Trade Is An Unregulated Broker
According To Its Website, It Claims To Be Regulated By The Australian Securities And Investments Commission (ASIC) (Trading Point Of Financial Instruments Pty Limited), The Cyprus Securities And Exchange Commission (CySEC) (Trading Point Of Financial Instruments Ltd), The Financial Services Commission (FSC) (XM Global Limited) And The Dubai Financial Services Authority (DFSA) (Trading Point MENA Limited).
After Investigation, We Found No Matching Information In The FSC, But We Found Relevant Information In The ASIC, CySEC And DFSA. After Careful Comparison, We Found That The Registered Address And Website Address Of The Regulator Are Not Consistent With XM Trade And Are The Stolen Information Of The Compliance Broker.
In Addition, The Company Is Located In The United Kingdom. But No Matching Information Was Found In The Financial Conduct Authority (FCA).
In Conclusion, XM Trade Is Definitely A Scam. Investors Are Strongly Advised To Avoid It.
And Most Non-compliant Brokers Will Not Disclose Providing Their Direct And True Contact Information, Such As Phone Number Or Company Address.
NOTE: XM Trade As An Unregulated Broker Means That Clients' Investments May Not Be Adequately Protected. Lack Of Regulation Increases The Risk Of Potential Financial Losses Due To The Lack Of A Regulator To Hold Companies Accountable.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And When Choosing A Broker, Remind Everyone To Stay Away From These Unregulated As Much As Possible.
