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Fake XM Forex broker specializes in providing foreign exchange trading services, the company's official website https://420fables.co..., the company's legitimate regulatory information to enhance the security of the company's address F20, 1st floor, Eden Plaza, Eden Island, Seychelles

Fake XM Forex Broker

Basic Information

Registered Region
Seychelles
Operating Period
--
Company Name
Tradexfin Limited
Abbreviation
Fake XM
Company employee
--
Customer Service Email Address
support@xmtrading.com
Company Website
Company address
F20, 1st floor, Eden Plaza, Eden Island, Seychelles
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

General Information & Regulation XMTrading is an overseas Forex trader that provides services with maximum leverage of 888 times. XM Trading, one of the XM Group, is an NDD-type Forex broker operated by Tradexfin Limited in Schechel. XMTrading is not subject to any regulation. Markets Instruments XMTrading advertises that it can offer a wide range of financial products, including currency pairs, indices, commodities, as well as precious metals. Minimum Deposit The entry level at XMTrading is set at $5. We consider this to be fine. However, traders are still not advised to register real trading accounts here given the fact that FXMC is an unregulated broker. Leverage The maximum leverage at XMTrading is 1:888, which is considered high. High leverage can lead to massive losses, especially if you have little experience in the market. Spreads & Commissions XMTrading offers the average spread on the EURUSD is 1.7 pips. These levels is not that competitive in todays environment. Trading Platform Available When it comes to trading platform available, what XMTrading offers is not the widely used and industry recognized MT4 OR MT5 trading platform. And, XMTrading does not make this part clear. Deposit& Withdrawal The payment options at XMTrading cover a lot of ground. They feature Credit Cards, Skrill, Nereller, China Union Pay and CashU. At this point only the cryptocurrency purists are not accepted.

Is Fake XM safe or scam

Rating Index

KIWAMI極口座

Minimum Deposit
$5
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Latest Reviews

Priya858

Priya858

United Arab Emirates

I just had a problem with deposit funds and tried to get help from them, but instead of resolving my issue, my entire balance was deducted from my account on the basis that I did not deposit. However, my problem is that I can not deposit in the first place because I am getting an error.

Exposure

2024-01-17

Ina5858

Ina5858

Spain

Medifinance Limited are scammers who pose as the name of an existing company they cloned. Having invested 17,000 euros, I could not withdraw anything in February 2023. When withdrawing money, they told me to open and close many foreign exchange transactions to supposedly transfer money from pounds to euros. During this procedure, they changed one of the transactions and accused me of a mistake, which should have been corrected by sending them an additional 6,000 pounds. I demanded the withdrawal of my money, but they kept blaming me for this mistake and calling me an ever smaller amount than I owed them for the withdrawal of money. The last time was 2 weeks ago when they sent me an email in which I was "advised" to open a crypto wallet for the subsequent withdrawal of money. I reported them to the Spanish police, where I currently live, and asked them to return the money to the bank (since I transferred them money to various European bank accounts). So far there are no results and their platform continues to act and deceive other people which is very unfortunate. I am attaching a photo of their first request for 120 euros, the account number to which the money had to be sent to start trading with them, and the last letter with the details of the crypto wallet. I can also provide a statement to the police and details of the accounts to which the money was transferred.

Exposure

2023-08-27

メ错了而已

メ错了而已

United States

Friends, this website is all in Japanese, I can't read it at all. I can't find a place to switch languages either. If you are not a native speaker, don't waste your time here.

Positive

2023-02-17

Fake XM Forex Broker has an overall rating of 1.49, Regulatory Index 0.00, License Index 0.00, Business Index 6.81, Software Index 4.00 Risk Control Index 0.00.