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Xtrade -

Score

1.67 /10
Danger

Xtrade

Belize

5-10 years

Regulated in Belize

Common Financial Service License

Self-developed

Regional Brokers

Australia Market Making(MM) Revoked

Suspicious Overrun

High potential risk

Offshore Regulated

https://www.xtrade-dm.net/

Influence

B

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Comparison

Quantity 35

Exposure

Time Machine
Website

Score

Regulatory Index3.05

Business Index7.59

Risk Management Index0.00

Software Index4.58

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

MY SCM
2021-01-01
INVESTOR ALERT LIST
Xtrade

Broker Information

More

Company Name

Xtrade international Ltd

Company Abbreviation

Xtrade

Platform registered country and region

Belize

Company website

X

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Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 6
Previous Detection : 2024-12-22
  • The number of the complaints received by WikiFX have reached 30 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 2. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

Xtrade

Australia

WikiFX Verification

Exposure

35 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

I got scammed by people inducing some bitcoin

I have been scammed by people who use telegram accounts. Please HELP me!

2023-07-25 05:33
Scam

Xtrade is not legal in Turkey, but they make it look like legal

The Cyprus-based company used Ronaldo and cysec licenses to deceive me as if it were a legal firm in Turkey and remove my $9,000 money. I can't reach any authorized person at the moment. They said that it would be processed completely by artificial intelligence and I would not lose in any way, but they took all my money.

2023-07-17 19:13
Scam

Evidence of Xtrade salesmen inducing clients to hedging investments

This platform has never proactively informed customers of the investment and financial risks that they should pay attention to. The customer has already applied for a refund, but the salesman abused the basic trust of the customer and caused the investment to fail. , I saw email notifications, these are all nonsense, the most important thing is that the salesman of this company instructed investors to operate without authorization, but refused to take any responsibility afterwards, and even told investors that you should sue! You can't win! it's horrible

2023-04-25 16:54
Scam

XTrade Fraud

My story is not different from others. I started with small investments and the team of Marcos Mello, Santiago, Julia, Gustavo da Silva, and my personal consultant Carlos Smith simply wiped out all my money. I started with a small application and a kind of "theater" was performed when Marcos Mello called me saying that a bad operation had been opened and that if I didn't deposit more money, I would lose everything. After new deposits, there were always operations with incredible profits, and in a short time, I had already invested about $50,000. When I indicated that I wanted to make a withdrawal, an advisor named Julia, in a very emphatic way, told me that I should open positions to protect the capital, that she was a professional, and I should follow her advice. Just 15 minutes later, Marcos called me and said that if I didn't deposit $20,000, I would lose everything. The account practically closed, leaving less than $10,000. When I stopped making deposits, they stopped giving me opening suggestions.

2024-09-13 00:50
Scam

unable to withdraw

as stated in the attached file, an $18 csnnot be withdrawn, and the bonuses that earned $98 cannot be used to trade. why?

2023-01-03 23:45
Resolved

ximilap top

I was scammed out of $8,400 after investing $6,400 in a company located on the internet called ximilap top. This happened after completing several services on Google Maps. After completing the services and doubling the amount I invested, I wanted to withdraw the profits, but I was asked for an additional amount of $4,000.

2023-08-25 06:05
Unable to Withdraw

Fraud/scam

#HighAlert#Fraud#SCAM First they told me to use "xtraders" app because there is server issues and that they can't process with withdrawal later my account of $57k+ got vanished with wrong opening prices and when I contacted my account manager, he didn't answer for weeks after some weeks he was making fun of me telling that app for glitched, that app "xtraders" was recommended by them and they steal money after deposit and won't let you withdraw. Date and time of my trades are placed in that trade you can check with trading view or any other app that it's a wrong open price they changed somehow to my account and stole all my money #highalert#fraud #scam

2023-04-03 16:40
Scam

The Xtrade business induced investment with a deposit bonus, and they refused to withdraw

The platform has been constantly inducing consumers to deposit funds with the incentive of giving 50% bonuses, and continuously injecting funds into the platform. When applying for withdrawals, it rejected the withdrawal application on the grounds of insufficient transaction volume, and also guaranteed that as long as the transaction volume is flushed When I reach a certain height, I can get back the previously injected principal of 45,000 USD. The salesman asked me to directly operate US/Gold on the trading platform to place 750 USD, and us-tech to place 150 USD, sell and buy at the same time, and take hedging to balance the loss amount. Friends who know how to operate investment should be very clear that the salesman cannot guide investors to conduct investment transactions. This is a violation of the law and caused me serious losses. The current balance in the account is only 10501USD. I request that this matter be made public, even if it cannot To get back personal funds, we should also remind everyone not to be cheated by the Xtrade trading platform.

2023-04-17 22:43
Unable to Withdraw

My money is gone

I just want to withdraw $968 every week and there is no way! After that, the amount of 968 US dollars is disappeared from my withdrawal project! The customer service didn't respond, and the specialist's LINE is stay on unread. Who should I contact?

2022-10-01 09:16
Severe Slippage

Suspicious Platform

Upon following my account manager's signal to sell, the platform experience a short interruption which caught my attention. I have recorded a video after that. It seems to me that the system is running after my StopLosses. I eventually adjust my StopLoss twice to avoid it as you can see in the picture. Have I not been able to quickly adjust my SL, I lost again with the help of my account manager. 

2023-02-28 11:02
Scam

Xtrade is a SCAM. Stay away from this greedy people

They will contact you thru social media offering you a small deposit around $100 to $250. They will tell you that they will provide a signal. After you deposit they will keep on calling you to upgrade your account to Premium. If you don't upgrade they will give you a signal that will wipe out your account. If you get the premium they will offer you again a VIP account which is more higher deposit. If you don't upgrade they will give you a signal that will wipe out your account. They will push you to use your credit card or borrow money to get their promotion and promise you that they will cover it win or loss. You will end up with debts. STAY AWAY from xtrade!!! NOT because they are regulated means they are legit.

2022-10-12 22:53
Scam

Fraud by the assigned broker

On Facebook, it took me to the link www.Xtrade/es, so I decided to invest my money, I saw the experience and the regulation, but after the broker Jennifer Álvarez told me that my account was going to be super protected and the bonuses that capital I invested from my liquidation of the company that I worked for 21 years, now I can't work due to being sick, depression and anxiety and my money was in the bank without any profit and I agreed to invest because of the support Xtrade offers. And I have a recording from the broker where she gives me instructions to open operations where the capital was lost, for a total of 870,500 Mexican pesos. The entire week from October 19 to 27 I was in contact with her following instructions since I am not an expert in that type of investment and since the advertising was Carlos Slim. These are the amounts that were transferred through SPEI to SafetyPay. And the company that received them is ALPS INT according to the claim made to SafetyPay. 9,500.00 10/19/23 30,000.00 10/25/23 95,000.00 10/25/23 95,000.00 10/25/23 95,000.00 10/25/23 56,000.00 10/25/23 95,000.00 10/26/23 105,000.00 10/26/23 100,000.00 27 /10/23 100,000.00 10/27/23 90,000.00 10/27/23 Total 870,500.00

2024-01-05 10:25
Scam

Scammer, worse trading experience.

the manager ordered me to make entry trade base on their signal and prohibit me to use tf and sl. it losses all my account.... after that they can never contacted. the one who used to call my a d contacted me in telegram can no longer be contacted. she even deleted our telegram conversations.

2022-07-22 11:50
Resolved

XTrade online trading is a Big Scam BEWARE

They called me and let me deposit manually into their Xtrading Platform. They got me and I deposited 100dollars until such time that they will call you again to offer you a premium account.. to add another 500dollars. During this time, I smell something fisheee, I did not get into their trick, I noticed that something is bad here. That is why, I requested to withdraw my 100dollar and they did not return it to my bank account.. Stay away from this platform! Xtrading is a Scam!!!!!

2024-06-28 14:30
Resolved

Fraud by broker Jeniffer Alvarez

On Facebook it took me to the link www.Xtrade/es, so I decided to invest my money. I saw the experience and the regulation, but after the broker Jennifer Álvarez told me that my account was going to be super protected and the bonuses that capital I invested from my liquidation of the company that I worked for 21 years, now I can't work due to being sick, depression and anxiety and my money was in the bank without any profit and I agreed to invest because of the support Xtrade offers. And I have a recording from the broker where she gives me instructions to open operations where the capital was lost, for a total of 870,500 Mexican pesos. The entire week from October 19 to 27 I was in contact with her following instructions since I am not an expert in that type of investments and since the advertising was Carlos Slim.

2023-11-05 10:24
Unable to Withdraw

Pending widrawal

I just want to clamor this company xtrade and all the people who communicated with me specially my account manager because of his negligence i loss my money within few minutes so when i tried to widraw what was left together with my bonus, it was pending and my account manager told me that i need to invest bigger amount of money inorder for me to widraw the money in my account because it was in a low profit...He requires me to deposit 1000usd but i did not deposit anything due to lack of finances and he said that he will wait for me...i message the person who contacted me at first to invest in xtrading and tell her about what happen to my money then she replied that wait for someone to call you. after sometime, someone called me and introduce herself that shes incharge of billing section and she told me that she will help me to widraw my money in my account but i need to pay a processing fee amounting to 5,700 pesos. Long story short, i paid her 5,700pesos thru gcash and after my payment she cannot be contacted anymore until one day, she call me for a reason that her son was hospitalized that's why she's not able to be reach...she explained that my processing fee is ok but i need to invest again atleast 10,000pesos in my account because it was very low profit. everyday, she's always calling at me to invest emmediately so that they will start to process my money in my account but i didn't invest this time because i think that they are scammers, i tried to message them and call their phone numbers but always unattended

2024-07-19 18:57
    Sources
    Data Source WikiFX Data provide
    Updated: 2024-12-22
    Xtrade · Company summary
    XtradeReview Summary
    Founded2000
    Registered Country/RegionBelize
    RegulationASIC (Revoked), FSC (Exceeded), CYSEC (Suspicious Clone)
    Market InstrumentsCFDs, Indices, Commodities, Shares, Forex, ETFs, Bonds, etc.
    Demo Account✅
    Leverage/
    EUR/USD Spread5 pips (Standard account)
    Trading PlatformWebTrader, Mobile Trading App, Tablet Trading App
    Min Deposit$200
    Customer SupportService time: Sunday 22:00 – Friday 22:00 (GMT)
    Live chat
    Tel: +852 58080622, +44 203 8074001
    Facebook, X, LinkedIn, Instragram, YouTube
    Email: info@xtrade-dm.net, support@xtrade-dm.net
    Regional RestrictionsThe United States of America, Israel , British Columbia, Manitoba, Quebec, Ontario and Afghanistan, Anguilla, Burundi, Cambodia, Cayman Islands, Chad , Democratic Republic of the Congo, Dominica, Equatorial Guinea, Fiji , Guinea-Bissau, Haiti, Honduras, Iran, Iraq, Laos, Mozambique, Myanmar , Nicaragua, North Korea, Palau, Russian Federation , Somalia, South Sudan, Sudan, Syria, Trinidad and Tobago, Turkmenistan , Vanuatu, Venezuela , Yemen

    Xtrade was established in Belize in 2022 and offers a variety of trading instruments. It supports a web-based trading platform as well as mobile and tablet apps. The minimum deposit required is $200.

    Xtrade's homepage

    Pros and Cons

    Pros Cons
    Long historyNo valid regulations
    Diverse market instrumentsUnknown leverage
    Support demo accountsWide spreads
    Multiple account typesDormant/inactivity fee charged
    No fees for deposits and withdrawalsNo MT4/5
    Live chat supportHigh minimum deposit
    Limited payment options
    Long deposit/withdrawal processing time
    Regional restrictions

    Is Xtrade Legit?

    No, Xtrade currently has no valid regulations. Traders should carefully consider the risks it brings when choosing to trade with it.

    Regulatory Status Revoked
    Regulated by Australia Securities & Investment Commission (ASIC)
    Licensed Institution Market Making (MM)
    Licensed TypeMarket Making (MM)
    Licensed Number343628
    Revoked ASIC license
    Regulatory Status Exceeded
    Regulated by Financial Services Commission (FSC)
    Licensed Institution XTRADE INTERNATIONAL LTD.
    Licensed TypeCommon Financial Service License
    Licensed NumberIFSC/60/383/TS/15
    Exceeded FSC license
    Regulatory Status Suspicious Clone
    Regulated by Cyprus Securities and Exchange Commission (CySEC)
    Licensed Institution Merba Limited
    Licensed TypeMarket Making (MM)
    Licensed Number108/10
    Suspicious clone CySEC license

    What Can I Trade on Xtrade?

    Tradable Instruments Supported
    CFDs✔
    Indices✔
    Commodities✔
    Shares✔
    Forex✔
    ETFs✔
    Bonds✔
    Cryptocurrencies❌
    Options❌

    Account Type

    Xtrade supports three types of live account types and offers the option to open a virtual account.

    Account TypeStandardPremiumPlatinumVIP
    Min Deposit$200$1,000$5,000$25,000
    Account comparison

    Xtrade Fees

    Account TypeStandard Premium PlatinumVIP
    EURUSD5332
    GBPUSD5433
    Germany 30500350300280
    Gold100706050
    Coffee40303025
    Silver70606050
    Oil8665
    Brent8765
    USDCAD5443
    USDCHF7554
    USDJPY5333
    Dormant Account Maintenance FeeUp to $100 USD per month
    Inactivity Fee Up to $50 USD per month
    Deposit Fee ❌
    Withdrawal Fee ❌

    Trading Platform

    Xtrade offers web platforms, mobile apps, and tablet apps as its trading platforms.

    Trading PlatformSupported Available Devices Suitable for
    WebTrader✔Web/
    Mobile Trading App✔Mobile/
    Tablet Trading App✔Tablet/
    MT4❌/Beginners
    MT5❌/Experienced traders
    Trading Platform

    Deposit and Withdrawal

    Funding Option Min Deposit/Withdrawal FeeProcessing Time
    Credit/Debit Cards/❌Up to 5 business days
    Bank Transfer/❌Up to 5 business days
    Withdrawal policy 1
    Withdrawal policy 2

    News

    NewsASIC Bans XTrade Directors, Cancels AFS License

    ASIC bans former XTrade directors Shay Zakhaim and Anthony Anderson and cancels AFS license due to financial law violations and immoral conduct.

    WikiFX
    2024-07-19 16:14
    ASIC Bans XTrade Directors, Cancels AFS License

    ExposureASIC Cancels AFS License of XTrade.AU Due to Client Misconduct

    ASIC cancels XTrade.AU's AFS license after findings of client exploitation and regulatory breaches, leaving the company under review by AAT.

    WikiFX
    2024-06-06 17:53
    ASIC Cancels AFS License of XTrade.AU Due to Client Misconduct

    NewsWhat Is the Secret of Meme Stocks’ Popularity?

    Memes gained increasing prevalence and relevance as the internet and social media grew, allowing people to rapidly spread humorous, interesting, or sarcastic videos, images, or posts to others around the world.

    WikiFX
    2023-08-02 15:28
    What Is the Secret of Meme Stocks’ Popularity?

    NewsA Speculative Choice for Profitable Short-Term Trading

    Virgin Galactic, the pioneering space tourism enterprise, has attracted the interest of investors seeking to leverage rapid profit gains. With a track record spanning more than two decades, the company has achieved notable strides in advancing its technological capabilities in recent times.

    WikiFX
    2023-06-25 10:43
    A Speculative Choice for Profitable Short-Term Trading
    About More

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    User comment

    72

    Comments

    Write a review

    JoãoOliveira
    0-3months
    I would like to become a PRO in the brent oil trading. Once I stopped by the broker and really appreciated a simple but efficient delivery of the trading information about oil.
    I would like to become a PRO in the brent oil trading. Once I stopped by the broker and really appreciated a simple but efficient delivery of the trading information about oil.
    Translate to English
    2024-12-16 23:49
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    零 山田
    3-6months
    口座から資金を引き出すまで、ブローカーのことや仕組みはよくわからないものです。出金の流れ自体はスムーズでしたが、オープンポジションのポリシーは、個人的に、あんまり喜べませんでした。
    口座から資金を引き出すまで、ブローカーのことや仕組みはよくわからないものです。出金の流れ自体はスムーズでしたが、オープンポジションのポリシーは、個人的に、あんまり喜べませんでした。
    Translate to English
    2024-12-12 20:23
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