[XM Trading: For Forex Beginners] Beware of Rapidly Increasing Fake Site Scams

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About XM

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.

XM fake site

XM has said that it has found many fake sites pretending to be XM, and it seems that there are many criminals who actually steal personal information and cheat money. Fake websites operated by criminal organizations have the following characteristics.

URL is different

XM Trading’s fake site is a story in the first place, but the URL is different. The official page of XM Trading is below. If you are calling yourself XM in other URLs, there is a high possibility that it is a spoof. If you have any doubts or feel suspicious, first check the URL.

XMTrading Official Site

Collection of personal information

Collecting personal information is one of the purposes of the criminal group that runs fake sites pretending to be XM. These criminal gangs often make a living by collecting personal information and selling it to other vendors. A company that operates a fake site pretending to be XM will immediately lead you to a fake application form anyway.

account takeover

A criminal group operating a fake site pretending to be XM distributes emails pretending to be XM to an unspecified number of people and directs them to the login form. After that, IDs and passwords are often stolen. All stolen IDs and passwords are known to them. To prevent this, you need to enable two-factor authentication.

request for money

A criminal group operating a fake site pretending to be XM makes a homepage that looks like XM and asks for a large amount of money at the same time as opening an account. In this case, it is 100% certain that it is a crime, so don’t give money. In the first place, XM Trading is free at the time of opening an account, and you do not need to pay any money.

Fake apps also appeared?

In recent years, it seems that there are criminal groups that are developing not only websites that look like XM, but also fake XM apps. The official XM app can only be downloaded from the Apple Store or Google Play. If you are unsure, you can download the app from the official XM trading page, so please use that.