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XSpot Wealth -

Score

5.09 /10
Average

XSpot Wealth

Cyprus

10-15 years

Regulated in Cyprus

Straight Through Processing (STP)

Suspicious Scope of Business

United Kingdom European Authorized Representative (EEA) Revoked

High potential risk

https://xspotwealth.com/en

Influence

C

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Comparison

Quantity 40

Exposure

Open Account
Website

Score

Regulatory Index5.50

Business Index8.11

Risk Management Index0.00

Software Index4.95

License Index5.50

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

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Company Name

XSpot Wealth (EU) Ltd

Company Abbreviation

XSpot Wealth

Platform registered country and region

Cyprus

Company website

X

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Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 4
Previous Detection : 2025-06-20
  • The number of the complaints received by WikiFX have reached 39 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • United KingdomFCA (license number: 655426) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

A Visit to XSpot Wealth in Cyprus - Office Found

The survey team went to Limassol, Cyprus to visit forex broker XSpot Wealth as scheduled, and found the company at its regulatory address. This suggests that the broker does have a physical business office at the location. Meanwhile, investors are advised to make an informed decision following a comprehensive consideration.

Cyprus

WikiFX Verification

Exposure

40 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

A fake broker where you are unable to withdraw

Fake data.

2021-03-20 20:19
Unable to Withdraw

Fraud Broker

Unable to withdraw. Induce ue to deposit funds step by step.

2021-03-28 16:09
Unable to Withdraw

Fake broker. Please polish your eyes.

Deliberately not withdraw the money, withdraw funds on April 9th,and you will not be accounted until April 12th, just to contact the customer service, pay the deposit, play routines, follow the book will not be accounted, fake platform,

2021-04-12 17:31
Severe Slippage

Deceptive platform

They adopted a deceptive method that made me see their high profits, and then deceived me into depositing more money by claiming violation of rules, payment of margins or taxes, increased commissions at the time of settlement, On the X Spot Markets website, I have noticed a few times when there was a sudden abnormal phenomenon of sharp rise and fall curve that has caused serious slippage of their software.

2021-03-26 13:27
Unable to Withdraw

A completely fraud

Unable to withdraw

2021-03-30 16:29
Unable to Withdraw

Fraud broker

Unable to withdraw. The account that you transfer money to all personal accounts. Do not be cheated.

2021-03-23 12:57
Others

Fake Forex Platform

Now they tell me that the bank card number does not exist. Obviously there are bank card information in the account, they are lying. I hope that the relevant departments will crack down on such gangs so that more people will not be deceived.

2021-04-07 23:54
Unable to Withdraw

kept requesting to make deposits

Unable to withdraw money, kept requesting deposit for various reasons, the first time I was told to accumulate my profits to 750,000 to be able to withdraw after doing that, they asked to make another deposit in order to withdraw, tech and got principal back early this month along with the profits made on the account. X Spot Markets stopped replying to emails and would have left me stranded if it were completely up to them.

2021-03-31 14:00
Unable to Withdraw

Unable to withdraw. Induce u to top up more

Unable to withdraw. Induce u to top up more

2021-03-22 19:47
Scam

Induce u to deposit funds

Can't withdraw funds. Serious fraud, still under supervision, all SCAM. This kind of broker should be closed

2021-03-27 21:13
Unable to Withdraw

Tried to make withdrawal impossible

They make it impossible for you to withdraw by modifying your online details in the background and making it seem like you submitted the wrong information. They constantly asked for fees in order to unfreeze my account.X Spot Markets claimed zero risk but it was all lies from the onset.

2021-04-01 06:41
Unable to Withdraw

They tried to abscond

Everyone needs to recognize X Spot Markets as the liars they are and not be fooled! when consulting them, be sure to keep a record of transactions and conversations. Unable to withdraw initially like i was, customers have been urged to write to financialrecovery.tech for a refund. X Spot Markets let you profit, then let you lose money again and again and again, tormenting you by inch. And you will lose all the money in the end without noticing the scam.

2021-04-02 15:56
Scam

Induce u to add more

Wake up. This is a scam. You are unable to withdraw funds.

2021-03-23 07:16
Scam

Unable to withdraw for insufficient score. Induce u to add more

I recommend that every victim should save their chatting history and call the police. Maybe we can’t recover our money but we can avoid more people being cheated!

2021-03-23 23:29
Scam

Can anyone help me to get my money back?

I OPENED AN ACCOUNT AND TRANSFER TO MY MANAGER WITH 15,000EUR BUT NEVER USED THE MONEY. ON THE 7TH OF DECEMBER OF 2019 I REQUESTED THE WITHDRAWAL OF THE TOTAL AMOUNT BUT NEVER GOT MY MONEY BACK. THE ORDER IS STILL PROCESSING. I SENT SEVERAL EMAILS AND SPOKE TO SEVERAL AGENTS AND STILL DON'T HAVE AN EXPLANATION. MY ACCOUNT NUMBER IS 21032693.

2021-09-09 19:52
Unable to Withdraw

fraudulent broker

I was introduced by a friend to open an account and deposit an accumulated 48,500 U.S. dollars in order to make a trade transaction. They ran up and made a loss, and then made a lot of profit after that, then I asked to withdraw but I started noticing bulk of loss trades in my account. On the morning of October 11th, I could not open the platform account so I contacted them, they said that my account had violated the rules and they had to freeze my principal for 3 months. Now that three months have passed, the platform still didn’t give me any withdrawals on the grounds of the illegal account . X Spot Markets stopped replying their emails after some time and would have left me stranded.

2021-03-26 07:19
    XSpot Wealth · Company summary
    XSpot Wealth Review Summary
    Founded2014
    Registered Country/RegionCyprus
    RegulationCYSEC
    ServicesPrivate Wealth Solutions
    Customer SupportPhone: +357 25 571044
    Email: support@xspotwealth.com
    Address: 5 Spyrou Kyprianou Avenue, Mesa Geitonia, 4001, Limassol, Cyprus

    XSpot Wealth Information

    XSpot Wealth is a company that focuses on providing users with private wealth solutions. It was registered in 2014, and it is regulated by CySEC in Cyprus.

    XSpot Wealth Information

    Pros and Cons

    Pros Cons
    Regulated by CYSECLimited business scope
    Clear fee structure

    Is XSpot Wealth Legit?

    Regulatory Status Regulated
    Regulated by Cyprus Securities and Exchange Commission (CYSEC)
    Licensed Institution XSpot Wealth (EU) Ltd
    Licensed TypeStraight Through Processing (STP)
    Licensed Number235/14
    license

    Services

    XSpot Wealth only focuses on providing users with private wealth solutions.

    Products & Services

    Fees

    Fee TypeAmount
    Management1%
    Performance0
    Custody0.2%
    Entry0
    Corporate Actions / Reports
    Transaction0.2%
    Exit0%
    Total Ongoing1.2%
    Total Fees Year 1 (Including Transaction Fee)1.4%
    Fees

    User Reviews

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    User comment

    3

    Comments

    Write a review

    Yurona
    more than one year
    Set sail on the trading adventure with XSpot Wealth, protected by the safeguard of CYSEC regulation. The demo accounts were lifeboats in unpredictable seas. However, the wide-ranging fees on management, custody, and transactions felt like sudden tides. The limitation of wire transfers as the only support and no services for US clients created high waves. But the three investment plans made the journey adaptable to various trading styles. Unfortunately, the high minimum deposit thresholds can seem daunting. That said, the acceptance of many currencies did throw a lifeline. Despite the currents, XSpot Wealth offers an interesting trading odyssey.
    Set sail on the trading adventure with XSpot Wealth, protected by the safeguard of CYSEC regulation. The demo accounts were lifeboats in unpredictable seas. However, the wide-ranging fees on management, custody, and transactions felt like sudden tides. The limitation of wire transfers as the only support and no services for US clients created high waves. But the three investment plans made the journey adaptable to various trading styles. Unfortunately, the high minimum deposit thresholds can seem daunting. That said, the acceptance of many currencies did throw a lifeline. Despite the currents, XSpot Wealth offers an interesting trading odyssey.
    Translate to English
    2023-12-05 16:58
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    Maden123
    more than one year
    In 2021, their license was revoked by the FCA because they ran away with money. Now that they have obtained a license plate from Cyprus again, deceiving traders again. They are such dishonest brokers, with no concept of time and no spirit of contract. I just brag firstly and disappear lastly.
    In 2021, their license was revoked by the FCA because they ran away with money. Now that they have obtained a license plate from Cyprus again, deceiving traders again. They are such dishonest brokers, with no concept of time and no spirit of contract. I just brag firstly and disappear lastly.
    Translate to English
    2023-11-09 10:18
    Reply
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