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Score

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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

XMR MARKETS

South Africa South Africa | 2-5 years |
Suspicious Regulatory License | Self-developed | High potential risk

https://xmrmarkets.com/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Switzerland Switzerland 5.54
Surpassed 14.40% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

https://xmrmarkets.com/
33 Scott Street, Waverley, Johannesburg, 2090, South Africa

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
South Africa
Operating Period
2-5 years
Company Name
XMR Markets (Pty) Ltd
Customer Service Email Address
support@xmrmarkets.com
Company Address
33 Scott Street, Waverley, Johannesburg, 2090, South Africa
ANA ESTRELLA GM

ANA ESTRELLA GM

Unverified

Guatemala

They asked me to deposit $300 to give me a bonus, but it never arrived, and when I withdrew $50, it never reached my account.

Exposure

madroño

madroño

Unverified

Colombia

Yesterday, they only called me in the afternoon, waited for 9 seconds, but didn't say anything. Today, I see an email saying that they noticed that I have a withdrawal request for $100. That's all they allow, but it isn't processed. This is the third day of reporting the loss of $9500 and a bonus of $5000 for making a disbursement. They didn't call today, neither in the morning nor in the afternoon. MOBILE.XM RMARKET IS A SCAM. Do not invest your money, I lost my years of savings. There's $3000 of capital left, but they don't allow withdrawals.

Exposure

madroño

madroño

Unverified

Colombia

I asked them to withdraw the balance and they said only $100 was released due to a bank-induced error. They only called once today, to say they would call back in 5 minutes. Please, media outlets like El Tiempo and El Espectador, do not spread this scam. This was savings of years.

Exposure

FX7869619352

FX7869619352

Unverified

Brazil

It's definitely a scam! I was swindled out of $1,300 and couldn't even withdraw $100. The support is virtually nonexistent, they take no responsibility for the trades opened under the specific instructions of their account managers, usually leveraged so as to quickly consume the resources deposited by investors, in hopes of new deposits being made. It's run by unqualified people who take advantage of investors' unpreparedness, selling guarantee of success when following their operators' instructions, but rarely resulting in gains. The account is virtual, the displayed deposits as well as bonuses are virtual, nothing more than a simple game, while your real deposits have gone to a real account of the company. They don't provide any kind of insurance on the trades executed. Regardless of how criticized they are, they ignore it and continue to harass you for new deposits in order to recover your invested and lost, actually stolen, capital. They're criminals!👺

Exposure

4
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Official Website

Website

  • xmrmarkets.com
    35.214.219.232
    Server Location
    Netherlands Netherlands
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    --
    Website
    --
    Company
    --

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Company Profile

Company Profile

Review summary

XMR MarketsReview Summary
Founded2022-11-18
Registered Country/RegionSouth Africa
RegulationSuspicious Clone
Market InstrumentsForex/Commodities/Stocks/Indices/ETFs
Trading PlatformXMR Markets(Mobile/Web)
Min Deposit250 USD
Customer SupportEmail: support@xmrmarkets.com

XMR Markets Information

Registered in South Africa, XMRMarkets is an authorized FSP offering various CFDs covering major and minor forex currency pairs, stocks, commodities, indices, etc. It also offers swap-free accounts. XMR Markets is still risky due to its suspicious clone status.

XMR Markets Information

Is XMR Markets Legit?

XMR Markets regulates FSCA with license number 46452 and License Type Financial Service Corporate. However, the 'Suspicious Clone' current status is not as safe as the regulated one.

Is XMR Markets Legit?
Is XMR Markets Legit?

What Can I Trade on XMR Markets?

XMR Markets offers various market instruments, including forex, commodities, stocks, indices, and ETFs.

Tradable Instruments Supported
Forex
Commodities
Stocks
Indices
ETFs
Cryptocurrencies
Precious Metals
Shares
Bonds
Mutual Funds
What Can I Trade on XMR Markets?

Trading Platform

XMR Markets provides a propriety trading platform that is available on mobile and web, instead of the authoritative MT4/MT5, with mature analysis tools and EA intelligent systems.

Trading PlatformSupported Available Devices
XMR MarketsMobile/Web
Trading Platform

Deposit and Withdrawal

The first deposit amount must be 250 USD or above. XMR Markets accepts all major credit cards (Visa, MasterCard, Maestro), wire transfers, and alternative payment methods such as Skrill, Neteller, etc. for deposits. Withdrawal requests are usually processed within 5 to 10 business days.

Deposit and Withdrawal

Keywords

  • 2-5 years
  • Suspicious Regulatory License
  • Self-developed
  • High potential risk

Wiki Q&A

How safe is trading with XMR MARKETS?

XMR MARKETS, operating as XMR Markets (Pty) Ltd from South Africa, presents significant safety concerns due to a lack of verified regulation from any major global financial authority. The broker is assessed with a very low WikiFX score of 1.44, reflecting a poor operational standing. The entity offers tiered accounts with minimum deposits from $5,000 to $250,000 and leverage up to 1:200, but operates without credible oversight. Potential traders should conduct thorough independent due diligence regarding the security of client funds and the firm's operational legitimacy.

In a week
United States

What licenses does XMR MARKETS hold?

XMR MARKETS does not hold any verified or active regulatory licenses from recognized authorities such as the FCA, ASIC, or CySEC. While a 'Derivatives Trading License (EP)' status is listed in South Africa with its local regulator, the FSCA, this license is marked as 'Unverified'. Consequently, the broker currently operates without credible mainstream regulatory oversight, a fundamental consideration for fund security and dispute resolution.

In a week
United States

Is XMR MARKETS suitable for forex trading beginners?

Trading forex and CFDs involves a high degree of complexity and market risk. Whether you choose XMR MARKETS or another trading platform, we strongly recommend that beginners thoroughly study forex basics before investing real funds. It is also highly advisable to practice with a demo account first to familiarize yourself with the platform's operations and market volatility.

In a week
United States

What essential information should I know before trading with XMR MARKETS?

Before opening a live account, it is recommended to comprehensively understand the platform's regulatory status, deposit and withdrawal policies, spread costs, and overnight fees (swaps). Additionally, you can consult WikiFX to review the broker's latest score and user feedback to help you make a more informed investment decision.

In a week
United States
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