Marked as
Last updated - January 28, 2026
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Constantinos Cleanthous is a Cypriot entrepreneur and the founder of Trading Point Group, the parent company behind the globally operating XM forex and CFD brokerage brand. He previously worked as an interbank trader, fund manager, financial consultant in Greece, Ukraine, UK before launching XM, which grew to serve millions of clients worldwide under various regulated & offshore entities.
Founder
High Risk
Based on the available data, we advise consumers to avoid this Individual altogether.
This advisory is based on an aggregate risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You are likely to be at great risk by engaging in any sort of consumer-related activity with this entity.
Medium Risk
Based on the available data, we advise employees to be mindful when considering or continuing work with this Individual.
This advisory stems from a medium-risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
Employment with this entity may involve moderate risks.
Based on the available data, we urge investors and bankers to avoid financial involvement with this Individual.
This advisory is informed by an aggregate risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Engaging in investment or lending activities with this entity poses a substantial risk to your financial interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
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Constantinos Cleanthous, as co-founder and key figure in XM Group, has faced indirect reputational impact from the company’s regulatory issues, including the Monetary Authority of Singapore blocking XM Global Limited’s website in 2025 for unlicensed operations.
Constantinos Cleanthous is connected to scandals involving XM’s offshore mutations like XMTrading & XMGlobal, which allegedly onboard EEA residents despite bans, as highlighted in some reports. Complaints include poor customer service, withdrawal issues.
As founder of XM Group, Constantinos Cleanthous operates in the volatile forex and CFD sector, drawing criticism for offshore setups in jurisdictions like Belize with lax regulations. This has amplified risks of fraud allegations and regulatory actions.
Allegations against Constantinos Cleanthous stem from XM Group’s practices, including scam claims on platforms like Trustpilot, where traders report account manipulations and delays. FinTelegram articles detail how offshore entities evade EEA restrictions.
Constantinos Cleanthous’s companies, including XM Global in Belize, are criticized for using offshore jurisdictions to offer unregulated high-leverage trading, as per regulatory warnings. Cyprus-based operations, while EU-regulated, are linked to broader group activities that skirt rules.
Constantinos Cleanthous, also known as Kostas Cleanthous, was involved in XM’s stake in Ancoria Bank, which shifted to Cypriot hands amid fintech mergers in 2025. While not directly scandalous, the transaction raised questions about fintech influences on small banks.
Regulatory and Compliance Screening
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Geographic and Jurisdictional Risk
What you see here scratches the surface
We offer reward for actionable intel
This article examines XM's offshore entities like XMTrading and XMGlobal as high-risk broker schemes exploiting regulatory gaps for Asian markets
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Details Constantinos Cleanthous (Costas Cleanthous), CEO and co-founder of XM.com, entering a preliminary agreement to acquire a 55% majority stake .
Announces that Constantinos Cleanthous (Costas Cleanthous), co-founder and main owner of Forex broker XM, has acquired a controlling stake in Cyprus.
Other Red-Flags and Adverse News
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
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Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
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Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
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Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
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While his entrepreneurial experience is notable, his business practices raise serious concerns. His associations with offshore entities and reported consumer complaints suggest transparency issues and potential reputational and regulatory risks for partners.
1/5
2/5
While Cleanthous is credited with founding a global FX brokerage, the prevalence of adverse media, regulatory scrutiny, and offshore operational links suggests potential reputational risk for professional partnerships.
3/5
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