XenitMarkets has a contrived claim of credibility by showing a U.S. Securities and Exchange (SEC) certificate and claiming to be registered in the UK, but unfortunately, a closer wrinkle shows the legitimacy of their claim fades in rationale to being too long. An exhaustive search of Adriano local government, UK Financial Conduct Authority (FCA), local and U.S. government, National Futures Association (NFA) services did not return anything or any other charges associated with their forex and trading in any regulatory capacity.
Misleading Claims of Regulation
XenitMarkets presents a fanciful application of a solicitous SEC certificate, whilst failing to inform the audience that the SEC does not register forex trading, leaving investors with a misplaced sense of legitimacy.
High Risk, Limited Legal Protection
XenitMarkets is unregulated, meaning there is high risk for investors – there are no guarantees your fund is secured, no complaint resolution options, and no investor compensation should you become a victim of fraud or a company failure.
Red Flags of a Scam
XenitMarkets is using made-up credentials, offshore locations, and unverifiable contact information, all of which indicate that it is a scam broker with a high risk of losing your money.
FAQs
Q1: Is XenitMarkets regulated by FCA, or SEC?
No. It is not registered with any fair financial regulators.
Q2: Is it safe to invest with XenitMarkets?
No. There are high risks that without regulation that your funds are completely unprotected.
Think twice before trusting such platforms. If you have ever lost money to Xenit Markets, Legal Certifi can help evaluate your case and assist you in recovering your funds.
Contact us today.
Check more scam broker reviews here.
Leave a Reply