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X Charter -

Score

1.21 /10
Danger

X Charter

Belize

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.xcharterfx.com/en.html

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Website

Score

Regulatory Index0.00

Business Index4.72

Risk Management Index0.00

Software Index4.00

License Index0.00

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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

Trading Point of Financial Instruments Ltd

Company Abbreviation

X Charter

Platform registered country and region

Belize

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-02-08
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Exposure

1 pieces of exposure in total
Pyramid scheme complaint
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X Charter · Company summary
X Charter Review Summary
Founded2024-01-30
Registered Country/RegionBelize
RegulationUnregulated
Market InstrumentsForex/CFDs/Shares/Futures/Indices/Metals/Energy
Demo Account/
LeverageUp to 1:1000
SpreadAs low as 0.0 pips
Trading PlatformWebTrader/MT5(PC/Tablet/Mobile)
Min Deposit$5
Customer SupportEmail: xcharter2024@gmail.com

X Charter Information

X Charter is a brokerage company specializing in online investment and trading services. The tradable instruments include Forex, CFDs on Shares, Futures, Indices, Metals, and Energy. The broker also provides four accounts with a maximum leverage of 1:1000. The minimum spread is as low as 0 pips. X Charter is still risky due to its unregulated status, and high leverage.

X Charter Information

Pros and Cons

Pros Cons
MT5 availableUnregulated
Various tradable instrumentsHigh max leverage
Spread as low as 0.0 pipsNo deposit and withdrawal information
Islamic account availableInaccessible official website
24/7 customer support

Is X Charter Legit?

X Charter is not regulated, making it less safe than a regulated one.

Is X Charter Legit?
Is X Charter Legit?

What Can I Trade on X Charter?

X Charter offers 1000+ market instruments, including Forex(50+ Currency pairs), Commodities, Stocks, index, Precious metals, Energy, and more.

Tradable Instruments Supported
Forex✔
Commodities✔
Stocks✔
Index✔
Precious metals✔
Energy✔
What Can I Trade on X Charter?

Account Type

X Charter has four account types: Micro, Stanard, X Charter Ultra Low, and Shares. Traders who want low spreads can choose an x Charter Ultra Low account, while those with a sufficient budget can open a Shares account. Muslims are allowed to open Islamic accounts without swaps.

Account Type MicroStandardX Charter Ultra LowShares
LeverageUp to 1:1000Up to 1:1000Up to 1:1000-
SpreadAs low as 1 PipAs low as 1 PipAs low as 0.6 Pips-
Commission❌❌❌✔
Swaps✔✔❌❌
Islamic AccountOptionalOptionalOptional✔
Minimum Deposit5$5$5$10000$

X Charter Fees

The spread starts from 0 pips, the commission is from 0, and the swap-free. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

Trading Platform

X Charter cooperates with the authoritative MT5 trading platform available on PC and mobile. Traders with rich experience are more suitable for using MT5. The MT4 platform focuses on the Forex and CFD markets.

Trading PlatformSupported Available Devices Suitable for
MT5✔PC/MobileExperienced traders
Trading Platform
Trading Platform

Deposit and Withdrawal

The first deposit amount must be $5 or above. However, due to the official website being inaccessible, transfer processing times and associated fees are unknown.

User Reviews

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User comment

6

Comments

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Generation
more than one year
Fast withdrawals, fast deposit, multiple deposit options including crypto. only problem is most of the time during news release, due to price volatility orders are not filled promptly, other than that, every thing is perfect. very low commission on xauusd and currency pairs, however, i feel commission is slightly higher on indices.
Fast withdrawals, fast deposit, multiple deposit options including crypto. only problem is most of the time during news release, due to price volatility orders are not filled promptly, other than that, every thing is perfect. very low commission on xauusd and currency pairs, however, i feel commission is slightly higher on indices.
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2024-08-27 17:54
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Robins Lu
more than one year
It wasn't bad when I traded with this broker—they had low spreads and great customer service. Later, though, I started to feel more pressure to put in more money. That's not what I earlier thought.
It wasn't bad when I traded with this broker—they had low spreads and great customer service. Later, though, I started to feel more pressure to put in more money. That's not what I earlier thought.
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2024-08-07 10:30
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