The website is operated by XEN LTD, an investment company that claims to be registered in the UK as a brokerage organization with the number 14099443 and is headquartered in London. In addition, the company allegedly operates in compliance with FCA, CySEC, and ASIC regulations. However, the intermediary does not provide any legal documents on the website to support this information. How reliable is the data provided on the website? Is the service reliable? We will find out after reviewing the technical capabilities of the Xenumo platform and analyzing the legitimacy of the broker.
How to Trade
Xenumo claims to provide clients with a top-tier platform for efficient trading. The terminal allows traders to execute transactions, analyze price movements, use robots and EAs (automated programs) to get the best results. Xenumo’s patented liquidity suite supports trading Forex, cryptocurrencies, indices, and other instruments.
The company offers the following services to its clients:
- Choice of tariff from 7 types of trading plans with a minimum deposit ranging from $5,000 to $500,000.
- Islamic account for trading with consideration for traders who respect Muslim traditions.
- Demo account to explore the terminal capabilities and test trading conditions without the need to deposit real money into the account.
Xenumo attributes the platform’s advantages to an average EUR/USD spread of 0.1 pips and an average execution speed of 14 ms. Clients with a deposit of over $25,000 can take advantage of a welcome bonus of 30% to 100%.
Xenumo provides trading tutorials, which are available to site visitors without registering an account. The interface supports English and German. It is worth noting that the broker declares cooperation with the organizers of the World Cup in Dubai.
Xenumo Vital Info
The company does not mention the date of the project’s foundation, except for the year 2024, which is on the right side of the site’s footer. Besides, there is almost no information about it on other online resources. As for the domain, it was created only on February 26, 2024. This means that the period of existence of the service is very short. So we decided to search for XEN LTD on the UK register of legal entities.
Our check showed that there is indeed this firm with the number 14099443, but it is engaged in the production of food products, not in investment or brokerage activities. It is worth noting that the office of this food company is located in London at the address listed on the xenumo.com website. It turns out that Xenumo works with a falsified brand; perhaps their legal entity does not exist at all. Moreover, we see no point in searching for a license, as this forex broker does not exist in the British jurisdiction.
I was looking for a brokerage company with a regulator, and when I found a project with several regulators and licenses, I thought immediately that my streak of bad luck in life is over. Xenumo is a broker of the international level, which has many licenses for financial activity from the most reputable regulators!!! There was no limit to my happiness. However, as a result, everything turned out to be very bad. In short, this company turned out to be fake and not regulated by anyone at all, a scam that just created its cheap website for $1. Managers say that they are a large and reliable brokerage company, but I began to doubt, can organizations with world renown have such a stupid design! I made enquiries to all the regulators mentioned and they don't even know such a company exists in the UK!!! Then I found out. Indeed, xenumo.com has many fake licenses and I was not going to work with a real company, but with a fake broker who just borrowed a number from another firm and pretends to be it. The scammers were even too lazy to find out what kind of activity the real company was doing. When I learned everything, I was amazed by the impudence of crooks! It became absolutely clear to me about this scam! It's good that I found out all this history of the broker before I deposited 5 thousand dollars...
If you want to try a new platform and you have a large amount of money, then never agree to work with Xenumo. Managers just talk newbies into cooperation, but this cooperation ends badly for them. Look for information about this scam on the Internet and you will understand that all the licenses this broker boasts about are just lies! I have read a lot of sources and I realized this even without having a legal background. And if you don't understand, consult an independent expert before you open an account at xenumo.com and lose a lot of money.
I like trading on this terminal. I would like to say a special thanks to the developers of the platform for the demo account, on which I was able to practice for a few days. Since I am new to the forex market, I was pleasantly surprised by this option. When I learnt that xenumo.com had a demo account, I decided that I would trade here if everything suited me. Now, having learned how to use virtual money, I took the plunge and invested real money! I am trading successfully because if it wasn't for my first attempts on the virtual account, I assume it would have been very bad. I advise this site for all beginners (and not just them)!
Only an account with a decent deposit is available here, and there are no withdrawal guarantees! I asked for legal documents in tech support, but it turned out that the project has no regulation, no license, XEN LTD can not provide anything :( this is a bubble, whose bonuses attract naive simpletons. Think about it - the broker gives 100% to a deposit of $500K - it's ridiculous! Don't believe it! The conditions of bonus deposits are simply robbery on this platform, you will have to work out your money for a very long time and, most likely, you will not see your investments again, so I do not recommend to get in touch with XENUMO, even if they promise you 1000% to deposit, do not believe, in the end you will not see a cent. As for the opportunity to trade crypto - your profit will be taken away by managers with commissions, because this is what unregulated brokers always do, in the end, I have seen more deception from them than benefits.
I can't express the depth of my dissatisfaction with this broker! It's kind of a nightmare! I tried several times to clarify my portfolio information and each time I was given contradictory answers! And when I tried to withdraw funds, I was told that I had to wait another three weeks. What kind of nonsense is this? I need my money right now! I do not recommend anyone to deal with this irresponsible company!
Hello friends! Please tell me, has anyone been to this broker's office? I tried to contact the manager, but he avoided the question about a meeting in London. I can go there to get guarantees from a broker that has a minimum deposit of $5,000!! Can you please explain to me what these conditions are?! This is a huge amount of money! I am a beginner, so I am not ready to invest such a large amount of money in an unknown platform because I will lose. I guess that's what XENUMO is designed for?! If the manager does not want to see me, it is immediately clear that the client for the company is probably just a bag of money to be cheated. If you lose once, then you will want to invest more money and try to trade again. But, since the minimum deposit is $5,000, you'll need to invest more! While I was writing the review, I realised that I need to look for another company urgently :) Please recommend me a reliable platform.