1. General Information About Xmarket Coin broker
Xmarket Coin broker (xmarketcoin.com) offers CFDs on forex, crypto, stocks, and commodities. Their site claims branches in Seychelles and Cyprus. WHOIS shows domain registered on August 25, 2024. Website content closely mirrors another broker’s licensing materials. Thus the platform appears brand-new and suspicious.
2. Claimed Licenses and Regulation for Xmarket Coin broker
Xmarket Coin broker claims to hold Seychelles FSA license SD037. It also claims association with TopFX Ltd and CySEC license 138/11. Investigations show no matching records at the official regulators. BrokersView labels it as completely unregulated. Alertopedia names it an unregulated fraudulent copycat.
3. Trading Conditions
Xmarket Coin broker advertises own software and cTrader support. However download links are empty and non-functional. Account types, spreads, leverage and commissions remain undisclosed. Deposit and withdrawal methods are not transparently listed. Minimal transparency suggests lack of consumer protections.
4. Trading Platform and Technology
The site claims proprietary software and cTrader compatibility. Yet no functional platform links exist. Website uses the same template as known scam brokers. Web traffic under 100 monthly visits, extremely low. That indicates minimal market presence and credibility.
5. Client Reviews and Feedback
No independent user reviews or testimonials are available. Search shows no Reddit, YouTube, or forum discussion. No Trustpilot rating or social media engagement exists. Absence of feedback often reflects limited trust and exposure.
6. Potential Scam Strategies
They likely copied regulatory credentials from another broker. Fake software promises may lure small deposits first.
After initial success, withdrawal may get delayed or blocked. Lack of contact info prevents customers from seeking support.
7. Expert Opinion
TraderKnows warns that Xmarket Coin fails to provide valid regulatory data. BrokersView concurs it is not regulated by any authority. Combined signs strongly indicate high risk and fraudulent behavior. Investors face no legal protection or dispute resolution channels.
8. Conclusion
Xmarket Coin broker (xmarketcoin.com) exhibits serious warning signals. It falsely claims regulation from Seychelles and Cyprus authorities. Trading conditions are opaque and withdrawal methods are hidden. Users suffer from a complete lack of verification and support. We strongly advise avoiding this broker entirely. Choose brokers regulated by FCA, CySEC, or ASIC instead.
