On May 25, 2023, the Financial Conduct Authority (FCA) issued a warning against XIP CAPITAL GROUPS, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/xip-capital-groups

XIP CAPITAL GROUPS claims to be registered in New Zealand, where brokers must be authorized and regulated by the New Zealand Financial Markets Authority (FMA) in order to operate legally. However, there are no corresponding records can be found in the FMA, undermining the broker's reliability. XIP CAPITAL GROUPS also purports to be registered with the Companies House (CH) under company number 10070548, but the company we found in the CH register has a different registration address, raising suspicions about the broker's authenticity. In addition, the Financial Conduct Authority (FCA) has confirmed XIP CAPITAL GROUPS' illegitimacy in a warning against this broker.

In essence, XIP CAPITAL GROUPS is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

BrokersView found that the domain "https://www.xipcapitalsgroup.com/; https://www.xipcapitalgroups.com/"are currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.