XM Trading is a very famous Forex company in the world. Since it is also a popular company, there are many fake sites pretending to be XM. XM has a warning against fake sites. Be careful not to be deceived by fake sites.
XMtrading
| Operating company | Tradexfin Limited Fintrade Limited |
| Head office location | Unit E, F28, Eden Plaza, Eden Island, Republic of Seychelles |
| Founding year | 2009 |
| Financial License | （FSA）SD010：Tradexfin Mauritius Financial Services Commission (FSC：)：Fintrade Limited Cyprus Securities and Exchange Commission (CySEC)：Trading Point of Financial Instruments Ltd |
| Language support | English、日本語、Malay、Thai |
| Platform | MetaTrader 4 (MT4)／MetaTrader 5 (MT5) |
| Service Countries | Over 190 countries |
| Number of users | Over 1 million accounts |
| Max Leverage | 1000x |
| Eligible products | Forex、Metal、Stocks、Equity Indices / Index CFD、Energy CFD、Commodities、Cryptocurrency |
What is XMTrading? Why is it misused for fraud?
Below, we’ll explain what XMTrading (XM) is and why it’s said to be “prone to fraud.”
What is XMTrading (XM)?
XMTrading (commonly known as XM) is a global FX (foreign exchange) broker with a large global user base.
Basic Information (Overview)
Operator: Trading Point Group
Services:
FX (foreign exchange)
CFDs (stock indexes, gold, crude oil, cryptocurrencies, etc.)
Features:
Up to 1000x leverage
Account opening bonus available
Japanese support available
Used in over 190 countries worldwide
👉 The broker itself is a legitimate, long-standing FX broker.
Conclusion: XM itself is not a scam.
An important point to note is that
XM is not a scammer.
Many Japanese traders have actually used and withdrawn funds from the platform.
This is the premise.
So, why?
Main Reasons XM is Used for Scams
① Highly Recognized and Trustworthy
XM is one of the most well-known overseas FX brokers.
“I use XM”
“I’ll manage my funds with an XM account.”
Beginners tend to trust XM when they say, “I use XM”
“I’ll manage my funds with an XM account.”
👉 Scammers can easily use the name as a signboard.
② Account Opening is Easy, and Third-Party Transfers are Possible
XM allows for instant online account opening
Deposits are relatively smooth.
Because of this, XM is often used in scams in the following ways.
Typical Examples
“I’ll manage your funds for you.”
“Please deposit funds into this XM account.”
“I’ll give you dividends if I make a profit.”
👉 In reality, the scammer’s account is the victim’s, and the victim loses their funds.
③ Not compatible with “high leverage” or “easy profits”
XM’s features
High leverage
Bonuses
Starting with a small amount
These features are often used in exaggerated sales pitches such as “guaranteed wins” and “double your funds in a short period of time.”
👉 This is not an XM issue, but a human error that distorts the explanation.
④ Good match for social media and investment solicitation scams
Common tactics in recent years:
Contacting via Instagram / XM / LINE
“We’ll help you make money with FX”
“Using professional automated trading”
↓
In reality
Only mentioning the XM name
No legitimate operations
Unable to withdraw funds/lost contact
👉 “Using XM does not necessarily mean safe.”
⑤ Misconception: Not registered with the Financial Services Agency of Japan
XM is not registered with the Financial Services Agency of Japan.
Taking advantage of this, some people make the extreme statement that “unregistered = illegal = fraud” and “therefore dangerous.”
However, this is the case for many overseas FX brokers.
Unregistered does not necessarily mean fraud.
👉 However, due to the weak protection provided by Japanese law,
Examples of Fake XMTrading Sites
Below are examples and typical patterns of fake sites and services that misuse the XMTrading name.
Note: These are “fakes” that are not XM itself and may lead to fraud, so caution is advised.
⚠️ Common Fake Domain Examples (Reference Patterns)
A common pattern seen in scam and fake sites is the use of similar URLs to appear official:
xmtrading-jp.com
xmtrading.net
x-mtrading.com
These are domains that are not the official “xmtrading.com” domain.
Fake sites often copy official logos and designs, making them difficult to distinguish by appearance alone.
🎭 Common Tactics of Fake Websites and Services
🧠 1. Misleading Users by Appearing to be Official
Fraudulent Websites:
Real-Looking Brand Names and Logos
Legitimate-Looking Service Descriptions
XM-Style Campaign Descriptions
Fraudulent Websites are designed to be indistinguishable from legitimate websites at first glance.
📊 2. Lure Users into Sending Funds with Bonuses and Profits
Fake Websites and Social Media Ads:
“Guaranteed ¥20,000 Bonus”
“High Yields and Guaranteed Winnings”
“Register via This Link to Receive Bonuses”
Use appealing sales pitches like these to lure users into sending funds to designated accounts.
Scammers use such enticing phrases to lure users.
📱 3. Distribution of Fake Apps
Apps distributed unofficially include:
Download links outside of Google Play/App Store
App names from unknown developers
Fake apps using the “XM” name
Official apps are only available from authorized stores; anything else is dangerous.
📧 4. Fake emails and fake login pages
Scammers send fake emails and SMS messages pretending to be official.
Reviews and Experiences of Fake XM Trading Sites
The following is a collection of reviews and experiences (actual testimonials and online posts) regarding fake XM Trading sites and services.
*These are only a few examples of user experiences of misidentification and fraud, and it is important to distinguish them from the genuine XM service itself.
Solicitation via Instagram and Social Media → Example of Being Directed to a Fake Site
A user’s friend posted on an overseas message board that they received an investment solicitation via social media, and during the conversation, they were told “You can make money with XM,” which led them to a fake XM site.
The friend posted that they opened an account on the fake site, deposited funds, and then lost their funds.
Scams Via Fake Trading Sites and Telegram Ads
On overseas message boards, there have been reports of malicious cases where fraudulent platforms operated under fake site names such as “tradingcryptosignal.com”
lead users to sites using names like “XM ONLINE TRADE.”
This post warns of fraudulent websites that solicit funds by displaying global wallet addresses.
Wrap-up of suspected frauds using legitimate website names
A legal website compiling information on fraud reports that there are fake websites using domains similar to XM’s official URLs,
and that there has been an increase in complaints about users being unable to withdraw funds or being asked to deposit additional funds.
This website lists the following characteristics of fraudulent websites:
Imitating official logos and campaigns
Exaggerated bonus offers
Fake Japanese text
Complaints about legitimate accounts registered by users
⛔ Common Characteristics of Fake Site Victims (Based on Experiences)
The following points are commonly mentioned in the reviews and experiences above:
📍 ① Withdrawals Unavailable/Additional Charges Received
Even if you request a withdrawal after depositing funds, fake sites often pressure you with statements like, “You can’t withdraw until you pay a certain fee,” “Pay your taxes first,” and so on.
📍 ② Forced Entries via Social Media and Chat
Fake posts often involve solicitations via Instagram, Telegram, and LINE, leading to unofficial sites.
📍 ③ Enticing with “Guaranteed Profits” and “Bonuses”
Fake sites often emphasize the official XM bonus system and high leverage, inciting excessive profit expectations.
What to do if you encounter a fake XM site
Here are practical steps to take if you encounter (or suspect) a fake XM site, divided into pre- and post-exposure scenarios. Check the official website, and if you see any errors or suspicious code, leave. Partners should also constantly check official announcements and inquiries.
Immediately leave the site.
Do not continue logging in, entering data, or depositing funds.
Never accept additional charges (fees, taxes, cancellation fees, etc.).
👉 Additional deposits are a typical way to escalate the damage.
Check the official URL.
XM’s official URL is xmtrading.com (official for Japan).
Be wary of similar URLs (-jp, .net, .site, etc.).
Always check your browser’s address bar.
Immediately change your passwords.
XM official account (if using the real one).
Other services using the same password.
👉 Reusing passwords is particularly dangerous.
Ensure your device is secure.
Remove any suspicious apps and extensions.
Perform a virus scan if possible.
Never make additional transfers.
Fake websites almost always say things like, “A fee is required for withdrawals,” or, “Taxes must be paid in advance.”
These are all common scams.
What to do for each payment method:
● Credit card
Immediately contact your card company.
Suspend payment and seek a chargeback for fraudulent use.
Consider changing your card number.
● Bank transfer
Immediately contact your bank.
Request a refund.
*The success rate decreases over time.
● Cryptocurrency
It is generally very difficult to get your money back.
However, if you use an exchange, your account may be frozen if you submit evidence.
Save all evidence.
Please save the following without deleting them.
Fake site URL
Screenshots (login screen, balance display)
Communications (LINE, Telegram, email)
Transfer and remittance history
👉 This information is essential for future consultations and refund negotiations.
Consult a public or specialized agency
Consumer Affairs Center (188)
Police (cybercrime consultation center)
Lawyer/law firm handling refund claims
*Preferably a firm with experience dealing with “overseas FX” and “cryptocurrency”
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