Recently, XEROMARKETS has been accused of running away without paying the clients money. This broker reportedly had a secret meeting, During the meeting, XEROMARKETS claimed that the company will be closed on May 14, 2023, and all staff will be “released” within 2 weeks. In addition, the CEO of this broker will liquidate all assets in the XEROMARKETS accounts and pay the withdrawal of all clients in a staggered manner but the date has not been announced yet.
About XEROMARKETS
Xero Market is a relatively young forex broker. The company was founded in 2017 and is registered under the jurisdiction of Saint Vincent and the Grenadines. XeroMarket is focused on the Asian market.
Are My Funds Safe With XEROMARKETS？
On Twitter, one investor named Nor Azam Budin claimed that XEROMARKETS is a broker without regulation, and it seems a non-permanent platform.
Many scam brokers are likely to scam investors‘ money and then abscond with the investors’ money.
When we open the website of this broker, we can see that this broker has used MT5 as its main trading platform.