XM Signals Review: Be Extremely Careful With This Forex Hoax

This company is trying to be everything at the same time. Forex, cryptos, investment plans, trading signals, copy trading experts, you name it, they got it… Or so they would want you to believe.

In reality, the entire scheme is so rotten it’s been blacklisted by several regulatory authorities. Read the remainder of our XM Signals review to learn how you can recover funds from online fraud.

Presenting Forged Company Info

It remains unclear where this firm operates from, since they do not reveal the exact company address. However, we did find several other locations mentioned, but none belong to this entity. The SVGFSA registration number mentioned on the site actually belongs to HF Markets (SV) Ltd.

Furthermore, there are two more locations listed on the site, but XM Signals SA is not regulated by FSCA, and neither is XM-Signals (Seychelles) Ltd by FSA. It’s questionable whether this business even exists outside of the Internet.

Warnings From Authorities

The final and most solid evidence of this company running an unscrupulous investment scheme is the fact that they’ve already been blacklisted. This Forex dealer is apparently notorious with several financial watchdogs, considering that FCA has blacklisted them, along with IOSCO, FMA and AFM.

Untrustworthy and prone to fraud, this platform does not offer segregated bank accounts, compensation options, or access to the financial ombudsman.

Lying About Company Age

The company claims to have been in service since 2009. That’s another lie, considering that their website didn’t exist prior to July 2024.

Many of the scam victims live in these areas:

• United Kingdom
• India
• Azerbaijan
• United States

So far, there haven’t been any notable XM Signals reviews online.

Fraudsters Caught In The Act

Dangerous online organizations like an XM Signals trading scam or PrimesGain very often operate as a fraud call center called a boiler room. Its employees, boiler room agents, constantly dial random people looking for the next victim. They introduce themselves as account managers and pitch a get-rich-quick scheme. They allegedly have great insight into how the market shifts and can help you make gigantic profits in a short time span.

Unfortunately, trading platforms, quick profits, and instant withdrawals are all lies intended to keep the victim spending. If you’ve invested with any such shady firm, contact our recovery experts using the live chat.

Convoluted Situation With Accounts

The fraudsters are trying to pose as a broker, investment firm, payment institution, crypto exchange, and credit union simultaneously. An XM Signals account can be “upgraded” through several service packages, ranging from copy trading and trading signals to investment plans.

Signal names are completely bonkers, and the costs are even more so:

• Breakout – $350
• Buying Oversold – $500
• Trend – $10,000
• BTC Miner S9 Data Circuit – $19,500
• AntMiner-S7-4.8THs-1250w – $20,000
• S9 Mining Hardware ASIC Hash – $25,000
• Bitfury-B8-Bitcoin-50-THS – $30,000

Investment plans promise the usual unrealistic profits:

• Beginner – $1,000; 1.5% daily ROI for 60 days
• Standard – $100; 6.5% daily ROI for 365 days
• Business – $100,000; 3.1% daily ROI for 60 days
• Basic – $13,000; 25% daily ROI for 5 days

Unsatisfactory Trading Platform

In all honesty, the trading software on offer can barely be called that. It’s a web-based application that runs directly from the client dashboard.

This WebTrader uses a ticker from CoinGecko and a chart from TradingView. It features buy and sell orders, with an option to choose an asset and leverage. That’s it, no trailing orders, no stop loss, no limits, nothing.

Trading Terms – Leverage and Fees

We only learned about the 1:100 leverage after XM Signals login details were added to the trading platform. The website does not mention it or discuss trading costs. For any broker, the main sources of income are commissions, spreads, swaps, and fees. A company that never discloses this information is not only manipulating its customers but also breaking the law.

This doesn’t bother cheaters like this one or PS Wealth Pro, of course. They intentionally omit any costs so they can invent them at their leisure.

Withdrawal Conditions

In order to become eligible for a payout, the client has to perform at least 2 trades prior to submitting a withdrawal request. The only methods accepted for making deposits are BTC and USDT. 

Swindlers typically only allow crypto transactions in order to remain incognito. At the same time, these transfers are risky and may cost you your entire fortune. That’s why we always remind our readers to only send and receive cash via transparent methods like credit cards.

Other payout conditions are not discussed on the site or in legal documentation.

Useless Contact Details

At first, it may seem like this company’s staff cares about customers and knows what they’re doing. At least when you see that there are several ways available to reach out to the support office:

• Email
• Phone
• Online form
• Live chat

When we tried testing the live chat feature, no one responded to our inquiries. The chat window never moved, although it said that support agents were online and available. 

This is most likely what happens to the support tickets they receive via any other channel, as well.

Conclusion

It is obvious that the XM Signals scam is not able to provide a solid user experience and a chance for anyone to earn. Despite their alluring promises and seemingly profitable offers, they’re nothing but a bunch of financial swindlers, ready to pounce on your wallet.

Even if you’ve already invested here, starting chargeback and getting your money back is still not out of the question. If you contact our chat agents, they can book your free consultation with our recovery professionals.

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