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Fake XM

Seychelles
Entry Time 2020-12-25
2020-12-25Input
https://420fables.com/
https://420fables.com/
Exposure

Time Machine

More
More
2024 years 9 Month
2024-9
Time2024 years 9 Month
Expose
Pyramid scheme complaint
Expose
Scam

It does not pay

I got in touch with a person from his company on Messenger, they told me that he will pay 30 dollars so that they give me 50 dollars, I paid them, then he gave me the number of the company that they were going to contact me there and that he would speak, as soon I wrote to the WhatsApp number it blocked me on Messenger and WhatsApp never responded

2021-06-22 13:07
Scam

Medifinance limited fake broker!

Medifinance Limited are scammers who pose as the name of an existing company they cloned. Having invested 17,000 euros, I could not withdraw anything in February 2023. When withdrawing money, they told me to open and close many foreign exchange transactions to supposedly transfer money from pounds to euros. During this procedure, they changed one of the transactions and accused me of a mistake, which should have been corrected by sending them an additional 6,000 pounds. I demanded the withdrawal of my money, but they kept blaming me for this mistake and calling me an ever smaller amount than I owed them for the withdrawal of money. The last time was 2 weeks ago when they sent me an email in which I was "advised" to open a crypto wallet for the subsequent withdrawal of money. I reported them to the Spanish police, where I currently live, and asked them to return the money to the bank (since I transferred them money to various European bank accounts). So far there are no results and their platform continues to act and deceive other people which is very unfortunate. I am attaching a photo of their first request for 120 euros, the account number to which the money had to be sent to start trading with them, and the last letter with the details of the crypto wallet. I can also provide a statement to the police and details of the accounts to which the money was transferred.

2023-08-27 22:52

    Fake XM · Company Summary

    General Information & Regulation

    XMTrading is an overseas Forex trader that provides services with maximum leverage of 888 times. XM Trading, one of the XM Group, is an NDD-type Forex broker operated by Tradexfin Limited in Schechel. XMTrading is not subject to any regulation.

    Markets Instruments

    XMTrading advertises that it can offer a wide range of financial products, including currency pairs, indices, commodities, as well as precious metals.

    Minimum Deposit

    The entry level at XMTrading is set at $5. We consider this to be fine. However, traders are still not advised to register real trading accounts here given the fact that FXMC is an unregulated broker.

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    Leverage

    The maximum leverage at XMTrading is 1:888, which is considered high. High leverage can lead to massive losses, especially if you have little experience in the market.

    Spreads & Commissions

    XMTrading offers the average spread on the EURUSD is 1.7 pips. These levels is not that competitive in todays environment.

    Trading Platform Available

    When it comes to trading platform available, what XMTrading offers is not the widely used and industry recognized MT4 OR MT5 trading platform. And, XMTrading does not make this part clear.

    Deposit& Withdrawal

    The payment options at XMTrading cover a lot of ground. They feature Credit Cards, Skrill, Nereller, China Union Pay and CashU. At this point only the cryptocurrency purists are not accepted.

    News

    No data

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