There is a lot more going on than what most brokers reveal on their websites, and with the XM Scam Broker, they prove this with the numerous reviews xm forex scam in malaysia customer complaints that have been the majority in nearly all reviews and forums. Although they make plenty of promises about 1-day withdrawals and competitive options, they couldn’t be further from exactly that. At first glance, it really does look like a promising broker. Considering that they are regulated by the CySEC, FSP, and ASIC, one would think that they could be trusted.
Unfortunately, from my experience and what I have seen of late, regulation proves absolutely nothing as it seems that a lot of the regulated brokers are getting away with robbing their traders by means of loopholes in their terms and major delays. This is a registered trade name of Trading Point of Financial Instruments Ltd located in Cyprus. They are a CySEC regulated and FCA registered broker. Founded in 2009, this is yet another broker that had started off on the right track and since around 2013, has been taking the easy route and scamming their traders. Trading Forex, precious metals, stock indices, and energies, they feature over 60 currency pairs and more than 100 financial instruments that can be traded both online and by phone. 100,000 virtual currency to try out their system.
The platform support market limit stop and trading orders as well as multi account management. The MT4 platform is widely popular among traders, though there are some that do not find it very user friendly. Deposit and Withdrawals from the XM Broker Here is the main problem when it comes to selecting a broker. The problem stems mainly from the issues traders face upon withdrawals.