XM.COM Scam: Why Should you Avoid this Broker?

[ArtemMit]

At first glance, XM.COM positions itself as an international Forex broker with a rich history and supposedly transparent trading conditions. However, upon deeper analysis, it becomes obvious that this company raises serious concerns. Numerous customer complaints appear claiming that XM.COM may be involved in fraudulent schemes.

Numerous customer complaints

Dozens of stories of traders who have encountered problems with XM.COM can be found online. The main complaints include:

• Blocking of accounts without explanation: After making a deposit or making a profit, access to the account can be unexpectedly blocked.
• Denial of withdrawals: Customers complain that XM.COM refuses to withdraw profits under the pretext of 'suspicious activity' or 'security checks'. The verification process can drag on for months or remain unanswered.
• Manipulations with quotes: There are cases when during important economic news the XM.COM platform freezes or executes orders at knowingly unfavourable prices. This leads to losses, which the broker refuses to compensate.
• Aggressive marketing and pressure from managers: Users note intrusive calls from XM.COM representatives inducing to make additional deposits under promises of 'quick money'.

Licences and regulation: Questions remain

Although XM.COM claims to have licences from regulatory bodies, the actual protection of trader's rights is very much in question. Many clients from different countries have failed to get justice even after applying to regulatory organisations.
In addition, the broker actively works through offshore jurisdictions, where the laws are weak in protecting investors. This increases the risks of complete disappearance of the company with the money of its clients.

Why XM.COM causes distrust?

Despite promises of transparency and security, XM.COM shows many signs of unscrupulous operation. Users regularly encounter unreasonable delays in withdrawals and sudden blocking of accounts. In addition, many complain about the lack of support and the inability to settle disputes. All this makes co-operation with XM.COM extremely risky. Why XM.COM causes distrust:

• Non-transparent withdrawal policy.
• Frequent blocking of accounts without explanation.
• Lack of adequate support and dispute resolution.
• Suspicious operation of the trading platform at times of high volatility.

Conclusion: XM.COM - Scammers

XM.COM shows signs of an unscrupulous broker that can cause serious financial damage to its clients. We strongly recommend not to open an account with this broker or trust it with your funds.

If you have been scammed, please contact us at [email protected]