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Broker XM.xxx Scam

Mark58

New member
This were what happened when i tried to use one of my strategies with XM.com.

Stay away from this broker because for them earn money is considered fraud.

Best regards..
 

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IOANNIS

Member
XM is not a scam broker! I know personally the owners.I trade real with them and everything is ok

What do you mean they disabled your account? Explain better
 

Mark58

New member
XM is not a scam broker! I know personally the owners.I trade real with them and everything is ok

What do you mean they disabled your account? Explain better
The picture speak for itself, only a scam boker stop a winning strategy.

What happens? Simple, they offered me a deposit free bonus i start trading it and in the same night they reported me as an abuser and deleted my account as you can see in the photo.

If this is not a scam to catch fresh money from new people so tell what it is..

In this kind of companies only one in a million traders have profits, some will float in the water line and real cake go to people like the owner that you know IOANNIS.

Please all members share this to prevent it to happen to another victims of this huge frauds that brokerage companies do to their clients nowadays.

Regards,
 

IOANNIS

Member
The picture speak for itself, only a scam boker stop a winning strategy.

What happens? Simple, they offered me a deposit free bonus i start trading it and in the same night they reported me as an abuser and deleted my account as you can see in the photo.

If this is not a scam to catch fresh money from new people so tell what it is..

In this kind of companies only one in a million traders have profits, some will float in the water line and real cake go to people like the owner that you know IOANNIS.

Please all members share this to prevent it to happen to another victims of this huge frauds that brokerage companies do to their clients nowadays.

Regards,
Why did they report you as an abuser?If you used arbitrage method they did well to you.But if not why they reported you as an abuser!I don't understand that....what did the XMsupport say about that?
 

Mark58

New member
Why did they report you as an abuser?If you used arbitrage method they did well to you.But if not why they reported you as an abuser!I don't understand that....what did the XMsupport say about that?
In fact IOANNIS their excuse was that, but the reality is that i never used arbitrage systems or even have a way to do it i was using my own strategy without any EA only a script that help me to manage the trades nothing more.

Their analysts are so bad or really blind or even an easy excuse too convenient, but if our trades are really in the market what matters for what we earn? should be good for them, no? i guess they did not arrive their too, the money of the spread is not enough for them better, nothing is enough for them. This kind of companies turn the market in a casino and not in a real market place.

This is just my point of view after 6 years of trading.

Regards..
 

freddieforex

Active member
Banned Users
If they scammed me, I would sue their behinds for millions of dollars. I wouldn't hesitate to make an example of them and shut them down so fast, their grandchildren's future allowances would be awarded to me.

File a lawsuit my friend.
 

IOANNIS

Member
Thank you for reporting these scammers

I guess IONISSS has nothing to say to defend his friend
I have Real accounts at HotForex- XM -FXPRO .None of them is scam! Only if you use arbitrage eas and eas that trade inside the spread you won't get your money back for sure!
 

MountainKing

New member
and only if you use Grid-Martingales they close your account...

and only if you use Grid-Martingales they close your account...

ForexGoldMines PipStrider EA:
"PipStrider II on XM - Broker closed account on 10.2.2014. All open trades were liquidated.
Real (USD), , 1:400 , MetaTrader 4"(My FX Book)
 

paps4cash

Member
ehy the cases against XM are pilling up, this is not the first thread i read in a week, this might as well be the 3rd or 4th thread, thats not a good sign at all.
 

Antje Wagner

New member
Did anyone read the 2 Articles about XM delaying the Order execution which was published on Finance Magnates? i was kind of shocked.
 

Bill Whitty

New member
Nothing to be shocked about Antje, it is common thing. They will come and just steal and yet, we traders will obey them! But I am not doing that! I learned it quickly that till you let them steal, they will be shameless in doing so. But, if we fight back then not only they will stop targeting us but also work on better service! It’s due to my friend that I have got such attitude, as I was scammed badly but he asked me to take expert help from this website here, I did exactly that and this company WCB helped restore all the funds within 7 days!
 

Bill Whitty

New member
Nothing to be shocked about Antje, it is common thing. They will come and just steal and yet, we traders will obey them! But I am not doing that! I learned it quickly that till you let them steal, they will be shameless in doing so. But, if we fight back then not only they will stop targeting us but also work on better service! It’s due to my friend that I have got such attitude, as I was scammed badly but he asked me to take expert help from , I did exactly that and this company WCB helped restore all the funds within 7 days!
 

Bill Whitty

New member
never heard of WCB. cool!
Actually, I wasn’t aware of it either. I had no clue that there are such services which helps in fighting the battle if we get scammed. I made the deposit with CC, so I had alternative to fight through that way, but the process was HELL long and tough. So, I tried this as there was no FEE to try it out. It worked was one thing, but it did it matter of week was astonishing, so say the least! You can check it out – I am sure it will be useful for not just you but others who are facing issues with such scam companies!
 

Antje Wagner

New member
Actually, I wasn’t aware of it either. I had no clue that there are such services which helps in fighting the battle if we get scammed. I made the deposit with CC, so I had alternative to fight through that way, but the process was HELL long and tough. So, I tried this as there was no FEE to try it out. It worked was one thing, but it did it matter of week was astonishing, so say the least! You can check it out – I am sure it will be useful for not just you but others who are facing issues with such scam companies!
great. so similar to FPA, which the difference taht WCB does not cooperate with any broker, i.e. they do not push or hide anything. Great thing. thanks for that info, something that i can give my clients in case they face difficulties with their current broker.
 

faisacan

New member
This broker has been scam right from day one. They are regulated; makes me wonder what the regulatory body does. I don't trust any broker that emphasizes on its regulation.
 

falconwest

Member
Brokers are mostly thiefs sitting there with open mouth to grab whoever drops a penny in their platform, they swallow it quick and spit nothing out, why do you think brokers need people like you and me to deposit money??? don't you think they can't trade and make money!!! yes, then can but they want easy way, by using our money to make them rich...this is how broker/clients work, no matter regulated or not, they are all the same, it is just a matter of them for every newbie to get the facts straight...
 
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faisacan

New member
They actually claim to make money from the spreads or transaction fees. It seems we can't do without them anyway.
 

imi2

Member
Not all the brokers are thief in my opinion however you never know when a good broker turned into scam and stop paying its traders. Better to withdraw profits whenever you make them in order to remain safe in the event of broker scam.
 
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