Is xmtrader-x legit or a scam?

By Andreas, from Indonesia, April 23, 2021 at 04:41 AM

I ve got a person i knew, they reffer me to this url address: Does this one legit or scam? As i search the XM trading, the addreas ia similar but not 100% similar. Thanks for the response.

Answer: Hi Andreas,

Unfortunately, Xmtrader-x website cannot be reached/found for some reason, it means we are not able to give you a full overview about this entity. However, we never heard about regulated Xmtrader-x broker.

Although, there is a XM trading broker, The XM broker group of entities stuck to enhanced regulatory standards as the broker is fully compliant with the necessary regulation policies in each jurisdiction it operates. XM Group is a group of regulated online brokers, which serves as Trading Point of Financial Instruments Ltd established in 2009 and regulated by the Cyprus Securities and Exchange Commission (CySEC), another entity Trading Point of Financial Instruments was established in 2015 in Australia and is regulated by Australian Securities and Investments Commission (ASIC). Read more, why trade with Australian Brokers by the link  so the regulatory obligations are covered at a sustainable level as we see through our XM Review.

If you were looking for a regulated broker with “XM” in its name, then most probably it was reference XM trading broker. You can read our full XM review here.

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