For XM, Huiyou Ding, who has a certain trading age, is no stranger. This platform has also gained fame for a time, with millions of users. But now, when searching for XM in various industry media, it is found that this platform is either marked as a large number of customer complaints or marked as having many complaints, and its reputation has plummeted!
Why did this situation arise? Let's take a look at the following XM user complaint.
13696 yuan account withdrawal cleared
Exposure Huiyou applied for a deposit of $3696 on XM on April 26th, but by May 20th, not only did the deposit not arrive, but it was also cleared along with the other $10000 account funds!
During this period, it was exposed that Huiyou had been communicating with XM customer service about the reason for the account freeze. At the beginning, customer service requested Huiyou to be patient and wait for the specific clearance to be verified and confirmed by relevant departments; At the beginning of May, Huiyou received a call from the XM platform, stating that Huiyou had engaged in follow-up transactions in the group, stating that Huiyou had also made payments many times before, and ensuring that after cooperating with the investigation, Huiyou would definitely be able to make the payment.
However, on the second day after the phone call, the withdrawal of Huiyou's application and the $10000 in the account that had not been applied for withdrawal were all cleared. On the same evening, Huiyou received an email from XM, roughly as follows:
The relevant department has noticed that the transactions conducted in your account have utilized technology or algorithmic trading modes aimed at arbitrage opportunities due to network delays... We have the right to revoke the suspicious transactions related to arbitrage using such price delay opportunities, and the trading account you opened in our company will also be immediately closed
This exposure has not yet been fully resolved, and XM's latest response indicates that the principal will be refunded through the original channel; But it only unilaterally stated that Huiyou had violated the rules and did not provide any evidence of the violation.
Full of negative reviews in XM comment area
It can be confirmed that there are many XM users who have encountered the same situation as the exposed Huiyou above. XM's comment section even has no positive reviews, and users who cannot make payments and receive XM's illegal transaction emails can easily see many of them.
Black platform, profit does not yield gold;
I only realized here that so many brothers have been cleared to zero... so I cleared and closed my account for profit;
As soon as the account profits are deducted, the commission of the proxy backend is also deducted. As long as you make money and make money, it is said that there is a problem with the transaction. When you make a loss, it is not said that there is a problem with the transaction. The previous loss, when the gold finally rose to make money, it erased the profit, and the account actually shows that there is money
Ai Hui Cha Reminder:
XM currently only holds the Belize FSC license, which is not familiar to most foreign exchange users, and the regulatory effectiveness is also very elusive. This is probably one of the reasons why XM has been acting recklessly in the past two years. In addition, with a large number of customer complaints from XM, which are mainly caused by cash and profits, such a platform like Aihuicha suggests that Huiyou stay away decisively and protect your funds.
