Score

1.40 /10
Danger

Fake XM

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 12

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.13

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
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

Regulatory disclosure

Danger

MY SCM
2022-01-01

Broker Information

More

Company Name

xm-tradingforex.com

Company Abbreviation

Fake XM

Platform registered country and region

China

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2025-06-13
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 11 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
Unable to Withdraw

Counter Fake XM

The account manager I provided my money to will trade it on my behalf. After I started making some money, they informed me that I would earn 90% of the trading outcomes if I paid a broker's fee of 10%. That implies that before my investment money may be withdrawn, I must first pay the broker's commission. Absolute nonsense!

2023-01-10 00:25
Unable to Withdraw

A scam

This is a romacne scam, first from various platforms: Tik Tok, Kuaishou, etc., and then chat with you to get close. Then tell you that there is a teacher who is teaching about stock trading, but it is on your platform similar to WeChat and QQ (this is their own software, which cannot be supervised). After you download it, you will find a lot of people. , But in fact, this is their own trumpet, everyone is raising your pig, and the subsequent grouping or sub-grouping is to separate the living people, so that you cannot communicate with each other. This process should take a month or two, during which you have no losses, and you are all prostitutes. The final highlight is: luring you to speculate in foreign exchange gold, which is the platform you are now in contact with. This is also their own backstage, and the trend is controlled by them. of. If you make a profit, you will find that you cannot withdraw cash, or you will be tempted not to withdraw cash for various reasons, and you will be prevented from withdrawing cash. When the last time came, they ran away. Finally, I would like to remind you that the transfers to private bank accounts are all accounts purchased by them. Once the money arrives, they will launder the money. There is only so much that can help you. Get down to it, how can you get rich overnight

2022-12-05 02:27
Scam

This is a false platform for a clone

The people in the group are all self-directed and self-acted. One person plays multiple roles. The purpose is to deceive you into depositing money. The stocks that you bought along with them in the early stage are also their joint institutions. The purpose of making you money with stocks is to deepen your trust. Your chatting is to cheat your heart, the purpose is to cheat your money, Tang Ming, Wang Tianrui, stop the loss in time for those who have not made a deposit

2022-12-06 11:48
Resolved

They use Kuaishou APP to add friend and trade stocks, then teach and induce you to trade London gold

These fraudsters called, Tang Ming, Wang Tianrui, assistant Yao Yao, Miss Wei, Li Ting usually in the fast friends into the group they set up, the group called Zhixin group, the group at two o'clock in the afternoon there are live classes to buy stocks, Tang Ming lectures, Wang Tianrui also lectures, first follow them to buy stocks, and later play London gold, there is a Miss Wei for the withdrawal of gold into the business, with RMB remittances to the designated account given by Miss Wei (all fraudsters account), converted into U.S. dollars, and then let them download the MT5 trading platform software, the exchange of U.S. dollars will be able to trade to buy long and short operations inside this MT5, the background to make you lose money. account), converted into U.S. dollars, download the MT5 trading platform software they said, the exchange of U.S. dollars to this MT5 inside, you can trade to buy more buy short operations, are the background to make you lose money, and then let you play again in the remittance, and finally the more losses, even if not, the money inside can not be taken out, the beginning is a Zhixin software Tang Ming is a teacher with the hired to induce newcomers, and later Zhixin group dissolved The first thing you need to do is to download a chat software called ICQ (there are screenshots below) All the screenshots are below, I hope to see friends, be careful, don't let them cheat their hard-earned money. The following screenshots are the evidence I left, these avatars are the scammer's, 38449.94 which is the amount of money I could not withdraw

2023-02-10 17:00

    News

    ExposureWikiFX Report: An Investor Has Scammed By A Claimed Legit Broker

    A trader was scammed by a fake worker who claimed to be working with XM as a trader and offering investment to people to trade on their behalf.

    WikiFX
    2023-01-10 11:23
    WikiFX Report: An Investor Has Scammed By A Claimed Legit Broker

    Exposure "You will lose to the last penny if you invest in XM Trading Forex." Victims claimed

     XM Trading Forex is an online forex broker that pretends to be the real XM. Recently, WikiFX has received a lot of complaints about this fake clone. As a result, there is no better time than now to air this broker's dirty laundry. 

    WikiFX
    2022-12-05 18:45
       "You will lose to the last penny if you invest in XM Trading Forex." Victims claimed

    User Reviews

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    User comment

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    Comments

    Write a review

    timaye
    more than one year
    i want to know more about this app please
    i want to know more about this app please
    Translate to English
    2023-01-10 14:47
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    灰太狼3513
    more than one year
    唐铭诈骗软件不要入金!
    唐铭诈骗软件不要入金!
    Translate to English
    2023-01-04 02:35
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