XMD Group
XMD Group
XMD Group calls itself an international broker that provides a full range of services and trading instruments. The company was reportedly founded in 2006 and currently collaborates with clients worldwide, offering the most comfortable conditions for investing. The broker provides access to the forex and CFD markets.
Official Documents and Contacts
There are no official documents on xmd-groups.com. The company ignores the necessity of publishing legal documents to confirm its status and legal field. Moreover, XMD Group conceals the coordinates of the head office location, the country of registration, registration certificate number, and other data that in one way or another confirm the broker’s real existence.
XMD Group does not disclose contact options for clients. There are no phone numbers or emails for trader support on the website. There is no live chat support, online form, or call-back function, but the company guarantees clients continuous support from professional traders. The method of providing consultations is unknown.
Trading Conditions
All clients are provided with “equally transparent and fair” trading conditions regardless of the size of their capital, investment amount, or account type. The broker guarantees traders the protection of funds and personal information. To collaborate, one needs to register on the website and create a personal account. There is no set minimum initial capital amount.
The website presents several trading account options:
- Start. Minimum investment from $500. Signals on the platform, personal assistant, access to trading currency pairs, educational materials.
- Basic. $5,000. Access to currency pairs, commodity market, personal assistant, trading signals, email support, analysis, and trade insurance.
- Gold. Initial capital from $10,000. Includes all features of previous accounts, additionally providing access to the stock market, full support, signals, bonus program, and automatic trading.
- Platinum. $25,000: all features of previous accounts, access to the cryptocurrency market, individual investment portfolio, ability to invest in PAMM accounts, leverage adjustment.
- VIP. Minimum investment capital is $50,000. Includes all features of previous accounts, additionally offering Blue Chips, deal hedging, IPO investments.
The broker offers clients to take advantage of the affiliate program using the standard scheme, where each invited investor generates passive capital for the client based on their own investments. A bonus system is also actively used, where a mandatory condition is to top up the account with $10,000.
Account Funding and Withdrawal
No minimum initial capital is set, the base currency is US dollars. The company does not disclose the algorithm of financial interaction with clients, as well as does not announce commissions and their sizes. Payment operations can be carried out using Visa, Mastercard, Maestro, AstroPay systems. The procedure for processing and the period for considering a money withdrawal request from the account are not specified.
Conclusion
XMD Group positions itself as an international company, however, it does not provide official registration documents, a license, a list of regulatory bodies, despite claiming their existence. The broker also hides any contacts and the location of the head office. Several trading accounts with a wide range of investment options are provided for work. The format of interaction with clients and methods of contacting technical support are not described.
My experience with XMD Group was absolutely terrible. The brokers lacked professionalism and were incredibly difficult to get a hold of. On numerous occasions, I was also misinformed about my financial standing and potential opportunities, which significantly disrupted my investment plans. Their lack of transparency and accountability are definitely red flags. Moreover, they charged unreasonable fees for their subpar service. Honestly, I would not recommend XMD Group to anyone looking for trustworthy and efficient financial brokerage services.