✔️ Information reviewed and updated in April 2024 by Eduardo López
IS XBMarkets RELIABLE? OPINIONS
CONTENT
- 1 IS XBMarkets RELIABLE? OPINIONS
- 2 ℹ️ BROKER DATA:
- 3 📞 LIST OF PHONE NUMBERS:
- 4 💰 DEPOSITS AND ACCOUNTS:
- 5 🌐 WEBSITE – WEBSITE:
- 6 ⭐ XBMarkets OPINION:
- 7 💬 WHAT TO THINK OF A COMPANY LIKE XBMarkets?:
- 8 📣 LATEST UPDATES:
- 9 ✔️ CLAIM MONEY FROM XBMarkets:
- 10 🚨 REPORT XBMarkets:
- 11 ❓ FAQS – FREQUENTLY ASKED QUESTIONS:
In this post I will analyze XBMarkets. Is the XBMarkets cryptocurrency broker (with website xbmkfx.com) really reliable? Is it safe to invest your money with this company? I will examine this company in detail.
I will explain to you why I think XBMarkets is an UNSAFE company AND I CONSIDER IT TO BE UNRELIABLE. BE CAREFUL WITH THIS KIND OF COMPANIES!
ℹ️ BROKER DATA:
Here are two things that I would like to highlight, (1) the first thing that is important to know is about its regulation and (2) the second is the location of the company. These are two data of vital importance to be able to measure the seriousness and reliability of a company.
Does the company have no regulation or is it regulated by an unserious country? Is the company located in an unreliable place or does it not mention where it is located? These are questions that every investor should ask about the reliability of the company.
| Information | About the company |
|---|---|
| (I.e. Company | Redpine Capital Ltd |
| ???? Direction | Mentions being located in Cyprus |
| 📄 Registration | Not mentioned |
| 🛡️ Regulapain | It mentions being regulated in CySEC but it is false |
| ️ ️ Phone | Does not have |
| [email protected] | |
| 🌐 Website | xbmkfx.com |
| ???? Live Chat | Yes |
| 💳 Payment methods | Credit card, cryptocurrencies and Skrill |
| ❓ Company type | Cryptocurrency broker |
📞 LIST OF PHONE NUMBERS:
The company does not mention any contact telephone number. The lack of means of contact makes me a little nervous. It is not normal.
💰 DEPOSITS AND ACCOUNTS:
XBMarkets does not offer different types of accounts.
🌐 WEBSITE – WEBSITE:
Below you will see the company's website and a small analysis about the website:
- Age of the website: the domain “xbmkfx.com” was registered on November 06, 2023. That is, it is a website that is not very old. 🚩
- The website mentions which company it belongs to, but I have not been able to find “Redpine Capital Ltd” in the company records. I think it may be a fake company. 🚩
- As I mentioned before: the company does not mention being regulated, which makes me think that it is an unregulated company. 🚩
⭐ XBMarkets OPINION:
After having carried out an analysis of the company, I have come to the following conclusions:
1) The company mentions being located in Cyprus, but I think they are trying to mislead about their location. I recommend extreme caution.
2) The company does not mention being regulated or anything about its regulation. I understand that it is a UNREGULATED company.
3) I think the company has very little seniority or history. As I mentioned, I was able to check that the domain “xbmkfx.com” was registered on November 06, 2023. It is very recent.
4) The company has a very bad reputation on the internet, I have already been able to find customer complaints.
5) The company has been reported by the following financial regulator(s): CySEC, Financial Regulator of Cyprus. It is a very unsafe company, be careful.
“To be honest with you, I would not invest in this type of company: It is not regulated. He mentions belonging to a company Redpine Capital Ltd which apparently is a fake company. I honestly cannot recommend a company of this type.”
💬 WHAT TO THINK OF A COMPANY LIKE XBMarkets?:
XBMKFX is an investment broker that raises multiple important concerns for potential investors. First of all, the lack of transparency about its location is a red flag, as it does not mention its location or claims to be located in Cyprus, which may be false. Furthermore, the lack of information about the company to which it belongs raises doubts about the legitimacy and seriousness of the broker. Although it mentions belonging to Redpine Capital Ltd, this claim appears to be false or at least not supported by verifiable information
Another disturbing aspect is the absence of any mention of regulation by XBMKFX. The lack of regulation leaves investors without the necessary protection and increases the risk of unethical or fraudulent trading practices on the part of the broker. Furthermore, the presence of complaints and bad comments online from dissatisfied customers suggests possible problems with the quality of the services offered by XBMKFX. These negative testimonials should be taken into account by investors when evaluating the reliability of the broker.
Finally, the complaint issued by regulator CySEC, the Cyprus Financial Regulator, confirms suspicions regarding the lack of regulation and potentially questionable practices of XBMKFX. This official complaint is a clear warning sign for investors and should discourage them from considering this broker as a viable option. Taken together, the lack of transparency, lack of regulation, negative testimonials, and regulator complaint make XBMKFX an extremely risky investment option that should be avoided.
📣 LATEST UPDATES:
1) Update April 2024: la CySEC, Financial Regulator of Cyprus, has reported XBMarkets.
✔️ CLAIM MONEY FROM XBMarkets:
If you have been scammed, then I explain, in my opinion, one of the most effective methods to recover capital. If you do it on time and with a serious company, it is highly effective.
We work with a capital recovery service. here you can recover your capital.
In a few words, we use the chargeback method or capital withdrawal, with this method what we do is ask the bank or Visa, or Mastercard (depending on how we send the money), to return our capital, since we have been scammed. In order to recover it, we have to prove that we have indeed been scammed.
If you have been scammed, it is the option that I recommend, we work with a totally serious and safe capital recovery company.
🚨 REPORT XBMarkets:
If you have been scammed by this company and you want to report it, I think the best option is to contact the financial regulator of the country where you live. Report what happened to the regulator. Here are some examples of financial regulators by country:
🇦🇷 Argentina: the financial regulator is CNV, here you can get in touch
🇧🇷 Brazil: the financial regulator is CVM, here you can get in touch
🇨🇱 Chile: the financial regulator is CFM, here you can get in touch
🇨🇴 Colombia: the financial regulator is the Financial Superintendence, here you can get in touch
🇪🇨 Ecuador: the financial regulator is SUPERINTENDENCE OF BANKS, here you can get in touch
🇪🇸 Spain: the financial regulator is CNMV, here you can get in touch
🇺🇸 United States: the financial regulator is FINRA, here you can get in touch
🇮🇹 Italy: the financial regulator is CONSOB, here you can get in touch
🇲🇽 Mexico: the financial regulator is CNBV, here you can get in touch
🇵🇪 Peru: the financial regulator is SBS, here you can get in touch
If your country is not on the list, leave a comment and I will gladly help you!
❓ FAQS – FREQUENTLY ASKED QUESTIONS:
XBMarkets offers a wide range of investment services including precious metals, oil, forex, cryptocurrencies, stocks and commodities.
In my opinion it is, I think it's a scam. Taking into account different characteristics of this company, I must qualify it as a very bad and very unsafe one.
XBMarkets is a company that I consider NOT RELIABLE. It has characteristics that make it a very unsafe company: be very careful.
If you have lost your money or been scammed, I recommend you try the capital recovery service.
If you want to know a safe and reliable company, I invite you to see the ranking of best brokers and you can also check the 3 best brokers of the month.
This broker will rip you off. I tell you from OWN experience, they steal everything you send! Do not fall into the trap, I know you will thank me.
Hello Hugo, XBMarkets is a SCAM, we are receiving many complaints from investors, they do not return the money, they should never invest in a broker without REGULATION.
They create positive comments of their own to confuse investors and pose as a serious and legal company but everything is invented and if you mention our review they say that we are the competition and that is not true (we only do reviews of brokers).
When you request a withdrawal of capital or benefits, if they make excuses and force you to pay commissions or another type of ransom, you will know that they are scamming you, do not fall into that trap, those commissions are not real, they try to take more money from you.
If you want to recover the money you can do it from the CHAT on our website or by filling out the form at this link: Get your money back, we are with you
Greetings.