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Regarding the legitimacy of XM forex brokers, it provides a comprehensive investigation into the security aspects of regulatory ASIC,CYSEC,FSC,DFSA, and WikiBit, as well as whether there are any negative scam reviews.

Rating Index

WikiFX Detection

Software Index

Full License

Risk Control

Environment AAA

Is XM safe?

The regulatory license is the strongest proof.

MM

ASIC Market Making(MM)

Australia Securities & Investment Commission

Australia Securities & Investment Commission

Regulatory Agencies Introduction
  • Current Status:

    Regulated
  • License Type:

    Market Making(MM)
  • Licensed Institution:

    TRADING.COM MARKETS PTY LTD TRADING.COM MARKETS PTY LTD
  • Effective Date: Change Record

    2013-12-23
  • Email Address of Licensed Institution:

    petermcguire@trading-point.com
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    http://www.trading-point.com/
  • Expiration Time:

    --
  • Address of Licensed Institution:

    WEWORK, Level 13, 333-339 George Street SYDNEY NSW 2000 AUSTRALIA
  • Phone Number of Licensed Institution:

    0417039820
  • Licensed Institution Certified Documents:

11 name
MM

CYSEC Market Making(MM) 18

Cyprus Securities and Exchange Commission

Cyprus Securities and Exchange Commission

Regulatory Agencies Introduction
  • Current Status:

    Regulated
  • License Type:

    Market Making(MM)
  • Licensed Institution:

    Trading Point of Financial Instruments Ltd Trading Point of Financial Instruments Ltd
  • Effective Date:

    2010-08-05
  • Email Address of Licensed Institution:

    compliance@trading-point.com
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    www.trading-point.com, www.xm.com, www.pipaffiliates.com
  • Expiration Time:

    --
  • Address of Licensed Institution:

    12, Richard and Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042, Limassol, Cyprus
  • Phone Number of Licensed Institution:

    +357 25 029 900
  • Licensed Institution Certified Documents:

11 name
Retail FX

FSC Retail Forex License

Financial Services Commission

Financial Services Commission

Regulatory Agencies Introduction
  • Current Status:

    Offshore Regulated
  • License Type:

    Retail Forex License
  • Licensed Institution:

    XM Global Limited XM Global Limited
  • Effective Date:

    --
  • Email Address of Licensed Institution:

    support@xmglobal.com
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    www.xm.com/global,
  • Expiration Time:

    --
  • Address of Licensed Institution:

    Suite 404, The Matalon, Coney Drive, Belize City, Belize, C.A., 63 Eve Street, Belize City, Belize, C.A.
  • Phone Number of Licensed Institution:

    5012236910, 501-223-6910
  • Licensed Institution Certified Documents:

11 name
Retail FX

DFSA Retail Forex License

Dubai Financial Services Authority

Dubai Financial Services Authority

Regulatory Agencies Introduction
  • Current Status:

    Regulated
  • License Type:

    Retail Forex License
  • Licensed Institution:

    Trading Point MENA Limited Trading Point MENA Limited
  • Effective Date:

    2019-09-10
  • Email Address of Licensed Institution:

    --
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    --
  • Expiration Time:

    --
  • Address of Licensed Institution:

    Unit S402, Level 4, Emirates Financial Towers, DIFC, PO Box 507013, Dubai, UAE
  • Phone Number of Licensed Institution:

    971 4 526 8666
  • Licensed Institution Certified Documents:

11 name

Is XM a scam, or is it legit?

The latest exposure and evaluation content of XM brokers.

XM platform did not close the Sl order as investors expected
I placed a stop loss order at 2383 but the platform did not close the order at 2383 but when the price increased to 2392.02, it closed the stop loss order, causing damage to my account.
Malicious deduction of profits
Complaint against XM's anti-fraud department for deducting profits from my account. I opened an account on your platform on September 5, 2024, and deposited 1598 USDT. I traded that night and made a profit of 1765 USDT. On September 6, 2024, I withdrew the principal and profits totaling 3363 USDT. Half an hour after submitting the withdrawal request, I received an email from XM's anti-fraud department, which stated: "After professional assessment by the company's anti-fraud department, it has been confirmed that your account is associated with another account that was closed due to a violation of the customer agreement. Therefore, we have decided to take necessary actions." I find this decision confusing and unacceptable. I have only opened one account with your company, so how is there any association? This is completely one-sided on your part. Is it only when we lose money that you can take action? When we make profits, there are various reasons to exploit our interests as users? My demand is to return all profits. Please handle my request as soon as possible. If it cannot be resolved properly, I will take other measures to protect my rights, including but not limited to reporting to the police and exposing complaints on platforms such as fx110.
The withdrawal bank card has been frozen
Withdrawal on August 15th, frozen on August 21st. Went to the bank and inquired, the bank card triggered the anti-gambling and anti-fraud risk control model for these two transactions, unable to unfreeze the card, and reported to the local anti-fraud center, requiring me to prove the legitimacy of the funds.
stop loss order
The principal is 280 US dollars for gold 1700.13 and 1699.45 for 0.1 lot, the stop loss price is unified 1708, the stop loss will give me a negative principal loss, and I will not communicate with the platform.
XM's latest industry rating score is 9.03, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. XM If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.