Reported as a scam / unregulated
Why XM Trade is on the register
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.
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.