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XTrendSpeed -

Score

1.45 /10
Danger

XTrendSpeed

South Africa

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

https://www.goxtrend.com

Influence

D

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Score

Regulatory Index0.00

Business Index6.53

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

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

Rynat Capital (Pty) Ltd.

Company Abbreviation

XTrendSpeed

Platform registered country and region

South Africa

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-12-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

XTrendSpeed

South Africa

WikiFX Verification

XTrendSpeed · Company summary
Feature Information
Company Name XTrendSpeed
Registered Country/Area South Africa
Founded Year 2-5 years
Regulation FSCA (suspicious clone)
Tradable Assets Forex, Commodities,Indices,Shares
Trading Platforms STrader and MetaTrader4
Customer Support Email at support@xtrendspeed.com

  1. What is XTrendSpeed？

XTrendSpeed is a forex and Contracts for Difference (CFD) broker that allows you to trade a variety of financial instruments including currencies, stocks, commodities, and indexes.They offer over 280 markets to trade on STrader and MetaTrader 4.

However, you should notice that the official website of XTrendSpeed, https://www.goxtrend.com/ is currently encountering functionality problems.

What is XTrendSpeed?

  1. Regulatory Status

XTrendSpeed is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, with license number 23497. However, there seems to be a note of it being a suspicious clone.

Regulatory Status

  1. Pros & Cons

Pros Cons
N/A Website Issues
Suspicious Clone

  • Website Issues: The official website of XTrendSpeed, https://www.goxtrend.com/, is currently encountering functionality problems. This can be a significant drawback as it hinder users' ability to access essential information, trade, or engage with the platform effectively.

  • Suspicious Clone: There are concerns about XTrendSpeed being labeled as a suspicious clone. This implies doubts or suspicions regarding the legitimacy or authenticity of the platform. Such concerns can lead to mistrust among potential users and raise questions about the security and reliability of the services offered by XTrendSpeed.

  1. Customer Service

XTrendSpeed offers customer support via email at support@xtrendspeed.com.

  1. Conclusion

XTrendSpeed is a forex and CFD broker with a variety of trading options (including currencies, stocks, and commodities) on their own platform or the popular MetaTrader 4.

However, the current functionality issues with its official website, coupled with concerns about being labeled a suspicious clone, are significant disadvantages. It's crucial for individuals to carefully weigh these drawbacks against any potential benefits before considering engagement with XTrendSpeed.

  1. Frequently Asked Questions (FAQs)

      2. Question: What can I trade on XTrendSpeed？

      Answer: XTrendSpeed offers a wide selection of over 280 markets to trade, including popular options like Apple stock, USOIL (oil), and the TECH100 index.

      Question: Is XTrendSpeed safe to use？

      Answer: XTrendSpeed claims to be a regulated broker, which offers a layer of security. However, there seems to be a note of it being a suspicious clone.

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User comment

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Comments

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Bager
more than one year
I've been using xtrade speed for a few weeks now, and overall, things seem fine. The app is user-friendly, and there are plenty of bonuses and investment options, especially for beginners, including crypto, forex, and indices. If I manage to make some profits, I'll gladly come back and give it a 5-star rating.
I've been using xtrade speed for a few weeks now, and overall, things seem fine. The app is user-friendly, and there are plenty of bonuses and investment options, especially for beginners, including crypto, forex, and indices. If I manage to make some profits, I'll gladly come back and give it a 5-star rating.
Translate to English
2024-01-03 23:34
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快手-提款机
more than one year
XTrendspeed, a trading firm I was contacted by a year ago, claimed to offer low spreads and $10 rebates per trade. However, their lack of regulation raised red flags, and I ultimately decided not to trust their promises. It's not surprising to learn they've since closed down. Traders beware - always do your due diligence before investing with any company.
XTrendspeed, a trading firm I was contacted by a year ago, claimed to offer low spreads and $10 rebates per trade. However, their lack of regulation raised red flags, and I ultimately decided not to trust their promises. It's not surprising to learn they've since closed down. Traders beware - always do your due diligence before investing with any company.
Translate to English
2023-03-27 10:08
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