On May 12, 2023, the Italian Companies and Exchange Commission (CONSOB) has ordered XTB Empire's website to be blacked out since it offers financial services illegally: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-12-may-2023/718268

XTB Empire falsely claims to be regulated by the Companies House (CH) under company number 07227848, since the agency is only a registrar of companies in the UK without authority to oversee the financial market. It is the Financial Conduct Authority (FCA) that regulates such activities in the country. We in our research on XTB Empire discovered that this broker might use details of other real firms to make itself appear legitimate and there isn't any record matching XTB Empire in the FCA registry. Furthermore, the Italian Companies and Exchange Commission (CONSOB) has ordered this broker's website to be blacked out since it offers financial services illegally.

In essence, XTB Empire 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.