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XM Trade

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Operating status: SCAM

Website: https://xmtrade.in/

Broker violations and abnormal records
  • 2024-05-19 BrokersView has Reviewed that XM Trade is an Unregulated Broker

    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.

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