XCY Global Ltd is a forex broker whose official website domain was registered on May 23, 2023. It primarily offers investors trading services in financial derivatives such as foreign exchange, stocks, futures, energy, precious metals, and cryptocurrencies. The company's headquarters address is unknown. This broker does not provide services to jurisdictions where doing so may violate local laws or regulations, such as North Korea, Israel, China, Vanuatu, and Cuba.
Company Registration Information and Regulatory Status:
Information publicly available on XCY Global Ltd's official website indicates that its headquarters is located in London, and its subsidiary is regulated by the US Financial Crimes Enforcement Network (MSB) and is also registered with the US NFA, subject to its audits and supervision, with an NFA ID of 146789.
Upon verification, neither the US National Futures Association (NFA) nor the Financial Crimes Enforcement Network (FinCEN) has any record of a registered entity named XCY Global Ltd. Moreover, the NFA assigns seven-digit ID numbers, and 146789 does not align with this format, thereby also not found in NFA's records.
Furthermore, the web design and content of this broker are identical to those of broker websites like Unisnfx, CPT Limited, BCC Markets Limited, Texttforex, GYG INVESTMENT LTD, etc.
Account Opening:
To open an account with XCY Global Ltd, visit the broker's official website, click "Register" at the top right corner of the homepage or web page, enter your email address, set a password, and submit. Your account will be registered successfully after the application is submitted.
Trading Account Information:
The official website of XCY Global Ltd only discloses information about spreads, trading leverage, margin call/stop-out levels, and contract sizes, but does not disclose information related to account types, trading commissions, minimum/maximum trading volumes, maximum positions/orders, and minimum price precision.
Spread: Floating spreads starting from 1 point
Trading Leverage: 1:100—1:500
Margin Call/Stop-Out Level: 100%/50%
Contract Size: 1 lot = 100,000 currency units
Trading Platform:
XCY Global Ltd offers the ST5 trading platform to its users.
Deposits and Withdrawals:
XCY Global Ltd has not clearly published the supported deposit and withdrawal methods, fees, and minimum deposit and withdrawal amounts on its official website.
Conclusion:
Traderknows reminds investors that XCY Global Ltd is a forex scam website with opaque registration and regulatory information, and suspected false advertising. The only means of contact is through email, and the contact method is extremely limited. The website design and content are using the same template as Unisnfx, CPT Limited, BCC markets limited, Texttforex, GYG INVESTMENT LTD, and other brokerage websites. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected of fraud" on Traderknows.
