XO

XO | 2024-08-01 14:03

Abstract：Registered in 1995 in Malaysia, XO is an unregulated brokerage, and its official website is currently inaccessible. It is flagged as a scam.

XO Information

Registered in 1995 in Malaysia, XO is an unregulated brokerage, and its official website is currently inaccessible. It is flagged as a scam.

Is XO Global Legit？

XO is an unregulated platform, which means it lacks regulatory oversight. The platform could potentially run away with funds at any time, making it impossible for investors to recover their money. Trading on unregulated platforms carries high risks, and investors need to exercise caution.

Downsides of XO

Unavailable WebsiteXO's official website is currently inaccessible, indicating a lack of transparency and reliability.
Lack of TransparencySince XO's website cannot be accessed, there is also limited and potentially inaccurate information available online through search engines. This makes it difficult for investors to make informed decisions.
Regulatory ConcernsXO is not regulated by any official platform, which may expose it to issues such as fraudulent activities, false information, and difficulties in seeking recourse.
Fraudulent Operations

Historical user feedback indicates that invested funds could not be recovered and withdrawn, which is a red flag for traders.

Negative XO Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

As of now, there were 2 pieces of XO exposure in total. The details are as follows:

Exposure 1.Fund Fraud

Classification	Fund Fraud
Date	2021-08-08
Post Country	Colombia

The user reported that after investing $20,000, the platform can't be loggin again, and the funds could not be recovered.

Exposure 2.Fraudulent Operations

Classification	Fraudulent Operations
Date	2021-08-08
Post Country	Colombia

The user reported that the platform's operators deceived them into continually increasing their position, resulting in significant losses. The platform initially agreed to provide compensation, but now all related personnel have gone dark, and the account has been frozen.

Conclusion

XO is flagged as a scam because of its lack of regulatory oversight and the fact that its website is inaccessible. Historical user feedback indicates that invested amounts could not be recovered. It is not recommended to use this platform for trading. Investors should choose regulated trading platforms to ensure trading safety.

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Related broker

No Regulation

Company name：Xanadu Daf

Score

1.54

Website：http://xanaduoaf.com/eindex.asp

5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.54

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