XBMarkets Broker Review：Regulated

Summary：XBMarkets, established in Cyprus in 2019, offers a forex trading platform. This article evaluates its aspects including corporate structure, domain, licenses, staff, software, and trade types.

XBMarkets Overview：

XBMarkets, a contract for difference (CFD) broker, was established on January 24, 2019, in Cyprus. The registered entity in Cyprus is REDPINE CAPITAL LIMITED, with the registered address at Vasili Michaelidi 21-23, Areti Tower, 2nd Floor, 3026 Limassol, Cyprus, and the corporate registration number is 393695. The board members include: ΠΟΛΥΒΙΟΣ ΠΟΛΥΒΙΟΥ, ΚΩΣΤΑΣ ΣΠΥΡΙΔΗΣ, ΦΕΙΔΙΑΣ ΔΗΜΗΤΡΙΟΥ, ΠΑΡΗΣ ΣΤΥΛΙΑΝΙΔΗΣ, CRYSTALSERVE SECRETARIAL LIMITED. Its headquarters are located in Limassol, Cyprus. This broker primarily serves residents of the European Economic Area (EEA).

Domain Registration of XBMarkets：

According to Whois information, the broker's official website domain was registered on February 13, 2018.

Is XBMarkets legit or a scam? Does XBMarkets have any regulatory licenses?

REDPINE CAPITAL LIMITED is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), with the authorization date being November 9, 2020, and the license number being 391/20.

Employees of XBMarkets：

XBMarkets has not disclosed its corporate staff information.

Trading Software Provided by XBMarkets：

XBMarkets offers the MT5 trading platform to its users, including desktop and mobile versions.

Online Reputation and Client Complaints：

The following is the public sentiment about XBMarkets found by Traderknows:

XBMarkets allows various payment methods for deposits, which are usually processed immediately. It should be noted that the withdrawal processing time is about 1 working day. Any payment or transfer fees charged by third parties, such as banks or payment service providers, will be borne by the customer.
XBMarkets offers different levels of leverage, with the main forex products having a leverage of 1:30 for retail customers, and up to 1:200 for professional clients.

Trading Products Provided by XBMarkets：

XBMarkets offers trading in forex, metals, energy, indices, stocks, and other contract for difference products, with detailed introductions for each trading product.

Contact Information：

Investors can contact XBMarkets through:

Phone
Email
Physical office address

Conclusion：

XBMarkets is regulated by the Cyprus Securities and Exchange Commission, which means it enjoys a certain degree of credibility. XBMarkets provides a comprehensive and user-friendly trading experience for its customers. XBMarkets offers various account types, different leverages, and a wide range of financial instruments, meeting the diverse needs and preferences of traders. Therefore, XBMarkets is marked as "Regulated" on Traderknows.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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Written byTraderKnows

Created date:2023-12-11 08:02

Last Updated:2024-05-14 03:39

Independent Analysis: Manually researched and fact-checked by the TraderKnows Compliance Team, based on public regulatory records.

Wiki

Contract for Difference (CFD)

Contract for Difference (CFD) refers to a financial derivative in which investors and counterparties engage in speculative or hedging transactions by exchanging the price difference of a commodity. Importantly, this occurs without the need to physically own or trade the underlying asset.

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