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Xtrade -

Score

1.49 /10
Danger

Xtrade

India

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://www.uaeexchange-xtrade.com

Influence

C

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Comparison

Quantity 2

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.84

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

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Broker Information

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Company Name

UAE Exchange & Finance Ltd

Company Abbreviation

Xtrade

Platform registered country and region

India

Company website

Twitter

Facebook

YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Exposure

2 pieces of exposure in total
Pyramid scheme complaint
Expose
Xtrade · Company summary

General Information

Xtrade is allegedly a public limited company established in the year 1994 in India that provides its clients with online and offline trading in rich financial instruments as well as a wide range of financial services.

Products & Services

Xtrade advertises that it offers a variety of products and services, including products of futures & options, mutual funds, equity, currency and commodity, as well as investment advisory, trading and broking services and depository services.

Products

Account Types

Xtrade provides its clients with demo accounts, as well as live accounts of Demat and trading accounts, yet no more details can be found on its official site without a login.

Trading Platform Available

When it comes to trading platforms available,Xtrade gives traders three choices: the mobile app, the Web and desktop, yet the broker didnt disclose any information about the name of these trading platforms. We suggest you use MetaTrader4 or MetaTrader5 as the trading platform. As most traders know, the MT4 and MT5 are known as the most successful, efficient, and competent forex trading software. The MT4 offers an intuitive and user-friendly interface, advanced charting and analysis tools, as well as copy and auto-trade options. While the MT5 allows traders to execute trades on different financial markets through a single account and there is a hedging option.

Fees

Xtrade charges some fees. The minimum brokerage for a day is Rs. 20 or 2.5% of the days total volume whichever is high, while the call and trade charges ₹50 extra. The maintenance charge for Demat or trading account is Rs. 350. Folio /SMS /courier charges Rs. 100. Also, there are some taxes, just as the below screenshot shows.

Fees

Customer Support

Xtrades customer support can be reached by telephone: +914842384000, email: xtrade@xtrademoney.com or leave messages online to get in touch. Besides, you can also follow this broker on some social media platforms like Twitter, Instagram, Facebook, LinkedIn and YouTube. Registered Office: No-63, Artillery Road, Ulsoor, Bangalore – 560 008. Administrative Office: Second Floor, Habeeb Tower, M G Road, Kochi – 682 011.

User Reviews

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User comment

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Comments

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壹H 柒壹柒柒柒
more than one year
Trust me, don't trade with Xtrade, don't invest here or you will regret it. In the forex industry, one of the basic principles is to choose a forex broker carefully, because there are too many scammers ready to scam the traders out of their money. Just search on the internet you will see many cases.
Trust me, don't trade with Xtrade, don't invest here or you will regret it. In the forex industry, one of the basic principles is to choose a forex broker carefully, because there are too many scammers ready to scam the traders out of their money. Just search on the internet you will see many cases.
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2023-03-14 16:51
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淼㵘
more than one year
Xtrade this scam company! Yes, I got a sales call from them too. The difference is that I searched online for other user reviews and found out that this is actually a scam.
Xtrade this scam company! Yes, I got a sales call from them too. The difference is that I searched online for other user reviews and found out that this is actually a scam.
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2023-03-01 10:40
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