Score

2.01 /10
Danger

XINFX

United States

5-10 years

Suspicious Regulatory License

MT4 Full License

Regional Brokers

High potential risk

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Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.40

Risk Management Index0.00

Software Index7.02

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

XIN MARKET Ltd.

Company Abbreviation

XINFX

Platform registered country and region

United States

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2024-09-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
XINFX · Company summary

Note: XINFX's official website: https://www.xinfx.com is currently inaccessible normally.

XINFX Information

XINFX is an exchange registered in the United States in 2020. Its regulatory status is “Unauthorized by NFA,” which means it is not regulated.

XINFX Information

Is XINFX Global Legit?

Is XINFX Global Legit?
National Futures Association
Current StatusUnauthorized
Regulated ByUnited States
License TypeCommon Financial Service License
License No.0510359
Licensed InstitutionHONG KONG XIN MARKET GROUP LIMITED

XINFX does not have regulatory authorization from the National Futures Association. Trading on an unregulated platform may expose investors to risks such as unprotected funds and fraud. It is advisable for investors to choose regulated platforms.

Downsides of XINFX

  • Unavailable Website:XINFX's official website is currently inaccessible, indicating extremely poor platform stability. This makes the platform unreliable.
  • Lack of Transparency:The XINFX website cannot be opened, and no valid information about XINFX can be found online. This lack of transparency is unlike other brokers, making it difficult for investors to make informed decisions.
  • Regulatory Concerns:XINFX is unauthorized by the National Futures Association, meaning it lacks official oversight and protection, exposing users to financial risks.
  • Fraudulent Activities:Users have reported that XINFX customer managers guided them into fraudulent activities, resulting in losses of up to $70,000. Users should be very cautious about risks when trading on this platform.

Negative XINFX Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

As of now, there were 1 pieces of XINFX exposure.

Negative XINFX Reviews on WikiFX

Exposure.Fraudulent Activities

ClassificationFraudulent Activities
Date2018-06-11
Post CountryHong Kong

The user reported being recruited into a group by a customer manager and subsequently joined a so-called “trading team” where they discovered it was a fraudulent activity, resulting in a loss of up to $70,000.

Conclusion

As an unregulated trading platform, XINFX carries high risks. Additionally, XINFX's website is no longer operational and shows a domain for sale message when clicked. It is recommended that investors choose other well-regulated and reputable exchanges to safeguard their investments.

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