Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighGenuine, in-force FSCA licence (FSP 46452) but it is advice and intermediary only; the CFD deposit business runs through an unregulated St Vincent entity, and a central bank has warned about it.
Identity & transparency
4/10 · ModerateReal entity with a verified FSCA registry match and a matching physical address, and it openly discloses the offshore counterparty, though the fund-holding structure is easy to miss.
Withdrawals & conduct
6/10 · HighMultiple public reports of delayed or blocked withdrawals, but not confirmed to a systematic denial pattern, and no verified positive-resolution record either.
Reputation
6/10 · HighNet-negative third-party reputation and low aggregator scores, plus a genuine central-bank warning, tempered by some low-quality SEO review pages.
Website claims
6/10 · HighPresents an advice-only FSCA licence as the basis of a CFD trading business while the real counterparty is an unregulated St Vincent company; disclosure exists but the framing overstates the protection.
Operational history
4/10 · ModerateThe licensed entity dates to 2015, but the CFD brand and website only began in late 2022, so the CFD operation has a short track record.
Who they are
A quick desk file on the company behind the brand.
- Brand: XMR Markets
- Legal entity: XMR Markets (Pty) Ltd (South Africa), registration 2015/241042/07
- Actual counterparty for trades: LP Solutions LLC, St Vincent and the Grenadines (unregulated)
- Also named: Grodena Ltd, Cyprus (HE 438008), a 2022 company acting as distributor and representative; Haldast S.A. (named in the Uruguay warning)
- Registered: 33 Scott Street, Waverley, Johannesburg, 2090, South Africa (matches the FSCA register)
- Website: https://www.xmrmarkets.com
- Only licence: FSCA FSP 46452, a Category I advice and intermediary licence (not a CFD dealing licence)
- Offers: CFDs on forex, shares, commodities, indices and ETFs
- Age claim: The FSCA entity has existed since 2015; the xmrmarkets.com website was created in November 2022
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
FSCA (Financial Sector Conduct Authority, South Africa)
Why we reached this verdict
How the evidence adds up.
We rate XMR Markets high risk because the licence it advertises does not protect the money you deposit.
- We checked the FSCA register on 5 August 2026. FSP 46452 is real and belongs to XMR Markets (Pty) Ltd, authorised on 10 November 2015, at the same Johannesburg address shown on the site. So this is the genuine company, not a fake copy of another firm.
- But the same register shows the licence is advice and intermediary only. It does not authorise running a CFD dealing book or holding client trading funds.
- The broker admits on its own legal page that XMR only gives advice and acts as a collection agent, and that every account and trade is with LP Solutions LLC in St Vincent and the Grenadines. That country does not license or supervise forex or CFD brokers, so your funds sit outside any real protection.
- The Banco Central del Uruguay warned on 28 October 2025 that the XMR Markets platform, LP Solutions LLC and Haldast S.A. are not registered or authorised to operate in Uruguay.
- Public review sites carry reports of slow or blocked withdrawals, though we could not independently confirm each case.
Evidence ledger
Every finding, with its source and how strongly it points.
E1FSCA register shows FSP 46452 belongs to XMR MARKETS (PTY) LTD, status Authorized, registration 2015/241042/07, authorised 10 November 2015, address 33 Scott Street Waverley Johannesburg, matching the website. The licence is Category I advice and intermediary services.
Hard proofFSCA FAIS registerE2The FSCA licence scope is advice (non-automated) and intermediary (other) across products including derivative instruments; it is not an ODP or dealing authorisation to run a CFD trading book or hold client funds.
E3The broker's own legal page states that XMR Markets (Pty) Ltd only provides advice and acts as a collection agent, and that all accounts and trades are entered into with LP Solutions LLC as principal counterparty in St Vincent and the Grenadines.
E4The Banco Central del Uruguay warned on 28 October 2025 that the XMR Markets platform and the companies LP Solutions LLC and Haldast S.A. are not registered with the BCU nor authorised by the Superintendency of Financial Services to operate in Uruguay.
E5Grodena Ltd (Cyprus, HE 438008), named on the XMR site, is a company incorporated in September 2022 acting as distributor and representative; it is not authorised by CySEC.
E6Public review sources report withdrawal delays of weeks to months and cases of clients unable to withdraw, alongside low aggregator trust scores.
E7The xmrmarkets.com domain was created on 18 November 2022, several years after the 2015 FSCA authorisation, indicating the CFD brand is newer than the licensed entity.
The other side
The strongest case in this broker’s favour.
In fairness to the broker, several points work in its favour.
- The FSCA licence is genuine and active. This is a real, decade-old South African entity, not a throwaway shell, and the registered address matches the register.
- The company is unusually open about its structure. It states plainly that the counterparty is an offshore St Vincent firm and that its own role is advice and collection. Many scams hide this.
- FSCA is a recognised second-tier regulator, and holding an advice and intermediary licence is legal for this kind of introducing role.
- The Uruguay warning is about not being registered to solicit in that specific country, which is common for offshore-facing brokers, and is not itself a finding of theft.
- We did not find any regulator fraud enforcement, court action, or an impersonation of a well-known brand.
What would change this
What we would need to see to revise the verdict.
Our view would move in either direction with new facts.
- Toward safer: XMR obtaining a real dealing or market-maker licence (for example an FSCA ODP authorisation or a tier-1 licence) that actually covers the CFD business and holds client money.
- Toward scam: three or more detailed, independent withdrawal-refusal reports with amounts and dates, a regulator naming xmrmarkets.com on a fraud or clone warning list, or evidence that the FSCA licence had been suspended or withdrawn while still advertised.
- Confirmation that LP Solutions LLC is on any regulator warning list would push the risk higher.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
FSCA FSP register (search FSP 46452)
Confirm XMR Markets (Pty) Ltd holds FSP 46452, advice and intermediary only
XMR Markets legal information
The broker's own statement that trades are with LP Solutions LLC in St Vincent
Banco Central del Uruguay investor warnings
Uruguay central bank public alert list
Trustpilot reviews for xmrmarkets.com
User reviews including withdrawal complaints
Frequently asked questions
Quick answers about this broker’s safety.
Is XMR Markets a scam?
It is not proven to be an outright scam, but it is high risk. It holds a genuine South African FSCA licence that only covers advice, while your actual trades and money go to an unregulated company in St Vincent and the Grenadines. A national central bank has also warned about it.
Is XMR Markets regulated?
Only partly. XMR Markets (Pty) Ltd holds FSCA licence FSP 46452, which we confirmed on the FSCA register. But that licence is an advice and intermediary permission, not a licence to run a CFD trading business or hold client funds.
Who actually holds my money at XMR Markets?
According to XMR's own legal page, all accounts and trades are with LP Solutions LLC, based in St Vincent and the Grenadines. XMR Markets says it only gives advice and acts as a collection agent. St Vincent does not license forex or CFD brokers.
Can I withdraw my money from XMR Markets?
Some users report withdrawals being delayed for weeks or months, and a few report being unable to withdraw at all. We could not verify each report, but the pattern is a warning sign. Test a small withdrawal before depositing more.
Is my money safe with XMR Markets?
There is no strong protection. The FSCA advice licence does not cover client deposits, and the company that holds your funds is unregulated in St Vincent. There is no compensation scheme protecting your balance.
Is XMR Markets a clone of another broker?
No. We checked the FSCA register and the licence genuinely belongs to XMR Markets (Pty) Ltd at its stated address. It is not impersonating a well-known regulated firm, so the earlier clone label is not supported.
What is the FSCA and how strong is its protection here?
The FSCA is South Africa's financial regulator, a recognised second-tier authority. It is a real regulator, but in this case the licence only covers advice and intermediary services, so it does little to protect your trading deposits.
Why did the Banco Central del Uruguay warn about XMR Markets?
On 28 October 2025 Uruguay's central bank said the XMR Markets platform and the companies behind it, LP Solutions LLC and Haldast S.A., are not registered or authorised to offer financial services in Uruguay, and cautioned about promises of high returns.
How old is XMR Markets?
The South African entity has held its FSCA number since 2015, but that licence was originally for insurance and advisory services. The xmrmarkets.com CFD website was only created in November 2022.
What should I check before depositing with XMR Markets?
Confirm who your legal counterparty is (here it is an unregulated St Vincent company), check whether your own country's regulator has warned about it, read the withdrawal terms, and start with the smallest possible deposit and a test withdrawal.
What do I do if I was scammed by XMR Markets?
Keep every record: deposits, screenshots, chat logs, ticket numbers and account manager names. Report to the FSCA in South Africa and to your local financial regulator. Be very cautious of anyone who contacts you offering to recover your funds for an upfront fee, as that is a common follow-up scam.
What we recommend
The practical takeaway from everything above.
Treat XMR Markets as high risk and unprotected.
- Understand that the FSCA licence covers advice only. If there is a dispute over your funds, the money is held by an unregulated St Vincent company, not by a supervised South African broker.
- Do not deposit money you cannot afford to lose, and test a small withdrawal early before committing more.
- If you are in a country whose regulator has warned about this platform, such as Uruguay, do not use it.
- If you believe you were mistreated, keep all records (deposits, chats, ticket numbers) and report to the FSCA in South Africa and your local financial regulator.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed August 5, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.