XBMarkets is a contract for difference (CFD) broker established on January 24, 2019, and registered in Cyprus. The company primarily offers CFD trading services for forex, metals, energy, indices, and stocks to investors. Its headquarters are located in Limassol, Cyprus. XBMarkets primarily serves residents of the European Economic Area (EEA) and does not provide services to countries or regions where it may violate local laws or regulations, including but not limited to the United States and Belgium.
Corporate Registration Information and Regulatory Status:
The registered entity of XBMarkets in Cyprus is REDPINE CAPITAL LIMITED, with a registered address at Vasili Michaelidi 21-23, Areti Tower, 2nd Floor, 3026 Limassol, Cyprus, and a company registration number of 393695. Board members include ΠΟΛΥΒΙΟΣ ΠΟΛΥΒΙΟΥ, ΚΩΣΤΑΣ ΣΠΥΡΙΔΗΣ, ΦΕΙΔΙΑΣ ΔΗΜΗΤΡΙΟΥ, ΠΑΡΗΣ ΣΤΥΛΙΑΝΙΔΗΣ, CRYSTALSERVE SECRETARIAL LIMITED. REDPINE CAPITAL LIMITED is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with authorization granted on November 9, 2020, and license number 391/20. According to Whois information, the broker's official website domain was registered on February 13, 2018.
Account Opening:
To open an account with XBMarkets, users need to register a personal account by clicking on the "OPEN AN ACCOUNT" button on the official website's homepage. After filling out the account registration application and submitting it, the broker will send a verification code to the user's provided email address. Once the verification is successful, users can log in to their personal accounts. After logging in, users need to complete the full identity verification process before depositing funds and opening a trading account for transactions.
Account Types:
XBMarkets offers four distinct types of real trading accounts, each with specific features and requirements:
- Bronze Account:Minimum Deposit: $400、Commissions: Currency 0.0125%, Commodities 0.0125%, Gold 0.0125%, Metals 0.075%, Stocks $0.30 per share.
- Silver Account:Minimum Deposit: $10,000、Commissions: Currency 0.0100%, Commodities 0.0100%, Gold 0.0100%, Metals 0.065%, Stocks $0.25 per share.
- Gold Account:Minimum Deposit: $50,000、Commissions: Currency 0.0075%, Commodities 0.0075%, Gold 0.0075%, Metals 0.055%, Stocks $0.20 per share.
- Diamond Account:Minimum Deposit: $100,000、Commissions: Currency 0.0050%, Commodities 0.0050%, Gold 0.0050%, Metals 0.045%, Stocks $0.15 per share.
All accounts utilize the Euro, US Dollar, and British Pound as base currencies. The maximum trading leverage for retail clients is set at 1:30, whereas professional clients can access a maximum leverage of 1:200.
Trading Platform:
XBMarkets provides users with the MT5 trading platform, available on both desktop and mobile.
Deposits and Withdrawals:
XBMarkets supports users in making deposits and withdrawals through electronic payment methods or bank transfers.
Customer Support:
Users can contact the broker for customer support via phone at +357 25262719 or email at support@xbmarkets.com.
Summary:
As of now, the broker is marked as "operating normally" on Traderknows.
