XM Defi is a contract for difference (CFD) brokerage platform launched on September 6, 2024. Its official website domain is aaaxmglomarkets.com. The platform offers users CFD trading services in various financial products such as forex, precious metals, crude oil, indices, and cryptocurrencies.
Platform Service Overview
Trading Accounts
XM Defi offers trading accounts with spreads starting from 1 pip, supporting leverage ratios from 1:100 to 1:500. The margin call and stop-out levels are 100% and 50% respectively. However, the platform has not disclosed the minimum deposit requirement or provided detailed information on trading commissions and other fees.
Trading Platform
The platform offers a self-developed "Defi" trading platform that is compatible with both desktop and mobile devices. It claims to feature advanced charting tools, with over 50 built-in technical indicators, and provides intraday analysis functions.
However, clicking on the mobile app download link on the official website reveals that both the App Store and Google Play download links are inaccessible.
Trading Products
Forex
Offers trading in various forex currency pairs, including common pairs such as EUR/USD, USD/CAD, GBP/USD, and USD/JPY.
Precious Metals
Users can trade in spot precious metals, such as gold (XAU/USD) and silver (XAG/USD).
Crude Oil
Supports CFD trading in U.S. crude oil (USOIL).
Indices
Covers CFD trading for major global indices, such as the Nikkei 225 (N225), Germany's DAX (GER30), and the S&P 500 (US500).
Cryptocurrencies
Offers trading in major cryptocurrency pairs, including Bitcoin (BTC/USD), Ethereum (ETH/USD), and Ripple (XRP/USD).
Deposit and Withdrawal Methods
The platform does not publicly disclose supported deposit and withdrawal methods on its website, nor does it specify whether additional fees are incurred during fund transfers.
Contact Information and Social Media
XM Defi does not provide official channels on major social media platforms like Facebook, Instagram, and Twitter. Users can only contact the platform via the email provided on its website, aaaxmglomarkets.com.
Company Background and Regulatory Information
Company Background
According to the information provided on its official website, XM Defi is headquartered in London, UK. The company claims to be regulated by the U.S. Financial Crimes Enforcement Network (FinCEN) and is registered with the U.S. National Futures Association (NFA), undergoing audits and regulation by them.
Regulatory Information
Upon verification, no company named XM Defi was found registered on the official websites of the U.S. Financial Crimes Enforcement Network (FinCEN) or the U.S. National Futures Association (NFA).
Moreover, no registration records for this broker were found in the UK's Companies House or the Financial Conduct Authority (FCA).
It is worth noting that XM Defi's name and brand closely resemble that of the well-known broker "XM," possibly misleading investors.
Conclusion
XM Defi is a CFD trading platform established in 2024, but it does not possess a legitimate corporate entity or financial regulation. Additionally, the broker may be a fraudulent site impersonating the reputable broker "XM."
Risk Alert: CFD trading carries high risk. Market fluctuations can lead to a loss of principal, and leveraged trading amplifies both risks and potential gains. Investors are advised to thoroughly understand market risks and the trading mechanism of CFDs, assess their risk tolerance, and exercise caution with sufficient experience before engaging in trading, to avoid blind investment.
