Reported as a scam / unregulated
Why IndianXM is on the register
IndianXM does not appear to be a legitimate broker. Firstly, the maintenance of IndianXM’s website is questionable. There is an unusual blank space on its homepage, and the links provided on its website, such as “Contact” and “About”, are non-functional. Secondly, this broker purports to be registered with the Seychelles Financial Services Authority (Seychelles FSA). However, we have been unable to locate any corresponding records on the Seychelles FSA Securities Dealer Register to validate these claims. This suggests that the regulatory information provided by IndianXM is false. In essence, IndianXM is not regulated by any governing body. Entrusting it with investors’ funds is highly risky, as there are no legal protections in place to safeguard the funds. IndianXM appears to be a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.