Broker Scam alert "FSC Regulation show Error 404"

Hello
My journey with XM is too short it begins in October 2022 with i got many Ads about their services and their promotions then i decided to try with them.
i opened my account then i made my deposit and in the first day i made trades and profits in the end of the day they removed my profits as it didn't made and blocked me from joining the client area and blocked my account on MT5.
they removed 1560 USD from the account and sent back my initial deposit via same payment method.
after few hours i got message from them explain why they did that and the reason is my account connected with another account and they canceled any profits or loses made in both accounts with getting permanently restriction. (with no spacific details about this story or any informations about that another account that i have no idea about it"
i tried many times to contact them and contact my manager to discuess and resolve the issue but they only answer me with one word that's a final decision and good luck for you.
i tried to complain to their regulator FSC and after i file the complain and make everything when i try to click "Submit" i get Error 404 everytime.
i sent many messages to FSC support with no responses for more than 2 months.
i opened a scam alert thread in FPA forum and i found another 2 threads share the same complain with the same reason exactly as i got from XM like they have a form of a restriction message send it to any new client make profits in his first trades.
they also got the same reason that they connected with another accounts and Fraud team canceled any profits or losses on the both accounts.
but the weired thing that when i shared my thread on FPA they removed the another 2 threads then they tagged my thread as a consipiracy theory then left me asking for help without any responses.
when i tried to reach the other threads to contaced the other victims i didn't found their threads and when i asked FPA moderators about these threads they denied that thay removed any threads then banned me from the forum because i post lies and fight them.
then after few days many threads with the same issue opened on FPA until they stopped "Scam Alert" section from their forum completely.
and from this moment they never accept any thread or negative review against XM because simply XM it the top sponser for them.
and there's nothing new from that moment.
i believe as you lose your money in this market there's no rights for any broker to stop you from make profits. this is how the market works.
Sorry for my bad english.
i will never ever believe any broker until making check for the regulator first again.
Stay safe.

Your story is very informative and a must read for newcomers.

I belive almost all sucessful traders get kicked out from brokers. I made 80k with Oanda got kicked out, made 25k with forex.com got kiccked out...Made 125k with cmc not kicked out but they limit my ablity to open trades so far...Forex for retail is one big scam. lol

I fully disagree there are enough brokers where you trade without conflict of interest and who in reality earn only from the volumes. one should choose wisely and test for themself. There are a lot black sheeps, but this does not mean all are like that. The names you mentioned are notorious market makers, do your homework better, specially for amounts you mention here.

I did my homework wtf you taking about. I made tons of money in forex and know what I'm doing better then most here. I trade with 100k account and you think I would risk putting that money into some off shore broker outside of Canada? you're nuts. These are the only brokers avialable in Canada that are insured up to 1 million by the goverment...I have a global Prime account but I would not put more then 5k in there to fuck around...All brokers in Canada are market making scammers, that's about it.

You have Interactive Brokers and Robihood, this should do compared to Oanda and such.

Robinhood is not avialable in Canada and IB has 30 year old trading software....I need mt4 or 5...but year at the end of the day they might be my last choice. I trade stocks with IB on tradingview which is very nice but for some reason they have not connected forex to there as well, once they do it will be dencent alternative to their retareded software.

I agree TWS is not the best but on the other end, s true market, low cost and no conflict of interest with the clients, not the B Book CFD broker.