XMarkets is an offshore Forex brokerage entity. It trades in many different kinds of financial assets such as forex currency pairs, indices, stocks, commodities, futures, Binary Options, and precious metals.
Is XMarkets Regulated?
XMarkets is supposedly based in Seychelles and is managed by Celestial Trading Limited. It asks for a minimum deposit of USD 250 to commence trading operations. We found in our research that the company is not regulated by any legitimated financial authorities.
How Safe Is It To Trade With XMarkets?
XMarkets has been flagged as a scam by many associations. The Federal Financial Supervisory Authority of Germany has also called the company risky as it is not licensed by it. The company has also been rated negatively by many of its users. Hence, it is recommended not to engage in any kind of trade activity with the company.
What if You Have Been Duped by XMarkets?
We provide expert consultation services on how to avoid falling prey to any fraudulent activity and what to do next in case you get scammed. You can also avail of the services of funds recovery companies listed with us to recover your money from XMarkets.