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    Xtrade

    • Belize Belize
    • 1-2 years
    • Suspicious Regulatory License
    • Non MT4/5 Software
    • Suspicious Scope of Business
    • High potential risk
    Website
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    Exposures
    Licenses

    No valid regulatory information

    Please be aware of the risk!

    VPS Standard

    No restriction on the broker account. Provide service support by WikiFX

    • Single Core

    • 1G

    • 40G

    Open for free

    Broker Information

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    Company Name

    Xtrade international Ltd

    Phone of the company

    85258080622

    Company website
    https://www.xtradeturkiye.com/en
    Twitter
    https://twitter.com/XTrade
    Facebook
    https://www.facebook.com/XTrade
    Customer Service Email Address

    info@xtrade.com

    Company address

    --

    Information abstracts
    Pyramid scheme complaint
    Expose

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    Warning: Low score, please stay away! 1
    2022.07.04

    It has been verified that this broker currently has no valid regulatory, please be aware of the risk!

    Exposures

    1 pieces of exposure in total
    Pyramid scheme complaint Expose
    Unable to withdraw

    Scammed

    I was scammed by Xtrade. I invested 200 dollars. In the first week, the operations closed with a small profit, and then with very large losses until I ran out of capital.

    FX6283185592

    2021/12/20 2:45:42

    Argentina
    Brokers The Rand is bleeding as the dollar's stretch continues.

    The rand remains weak versus the dollar, which is strengthening due to fears about slowing global economic growth, increasing interest rates, and conflict threats, resulting in greater market volatility.

    WikiFX
    2022/5/27 13:11:55
    The Rand is bleeding as the dollar's stretch continues.

    Xtrade

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    Xtrade

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    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    Xtrade
    * Contact number
    0086
    *Enter your phone number
    *Reporting Reasons

    *Enter your reason
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    Submit successfully!

    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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    Xtrade · Company summary

    　　General Information & Regulation

    　　Established in 2015, Xtrade is a multi-asset broker which has its headquarters in Belize, as well as a second office in South Africa. The company behind Xtrade is Xtrade international Ltd, not subject to any regulation.

    　　Market Instruments

    　　Xtrade offers traders 56 currency pairs, 16 commodities, five bonds, and five ETFs. The bulk of assets consist of 280 equity CFDs, complemented by 13 index CFDs. The overall selection of 375 assets across six categories remains below average.

    　　Minimum Deposit

    　　Xtrade does not provide any information about its account type. It appears that the same option is available to all traders, from a minimum deposit of $250.

    　　Leverage

    　　When it comes to trading leverage, the maximum trading leverage offered by Xtrade is up to 1:400. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

    　　Spreads & Commissions

    　　The commission-free trading environment features unacceptably high fixed spreads of up to 5.0 pips on the EUR/USD. It equals a cost of $50 per 1.0 standard lot, making Xtrade one of the most expensive brokers in operation.

    　　Inactivity Fees

    　　Xtrade levies an excessive $50 monthly inactivity fee after three months and a $100 monthly dormant account maintenance fee after twelve months.

    　　Trading Platform Available

    　　The proprietary trading platform, Xtrade WebTrader, is the only one offered by Xtrade. It is also available as a mobile version.

    　　Deposit & Withdrawal

    　　The logos of a series of online payment processors exist on the website, but no further information is available.

    　　Customer Service

    　　Xtrade provides 24/5 customer service via phone, e-mail, and live chat. The FAQ section attempts to answer basic questions, and a glossary is also available. It also features a dedicated complaint resolution process, aiming to deliver exceptional customer service. While Xtrade does not provide response times, it does indicate an effort to assist its traders.

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