XTRADE Broker Analysis: Understanding XTRADE Regulation & Verified XTRADE Review

The forex market is like an ocean, with many brokers operating within it. Therefore, it is always mandatory to check the regulation and license of any broker before investing. In the case of XTRADE forex broker, we carefully checked its XTRADE regulation and regulatory status. In addition, we explored XTRADE reviews to determine whether it is a good broker to invest with or a potential scam to avoid. Read this XTRADE Broker Analysis article to learn the truth.

About XTRADE Regulation

Before investing money with XTRADE Broker, it is essential to verify the XTRADE regulation and licensing status. Regulation plays a critical role in determining the safety and reliability of a forex broker. When we reviewed the official website of Broker, we found the following information regarding XTRADE regulation.

Xtrade International Ltd complies with international regulatory standards and is authorized and regulated by International Financial Services Commission (000281/481). XTRADE broker also mentioned its Registered Address:

Xtrade international Ltd 000281/481

35 New Road, 2nd floor flat Belize City, Belize

Tel: 1800 017 5700

XTRADE Review Based on Real User Experiences

1. Trading to Zero Balance – Thats How XTRADE broker Operates

In an honest XTRADE review, a user stated that XTRADE fore broker is a big scam. He lost a huge amount of money, approximately INR 150,000. According to the user, XTRADE broker repeatedly asked for more money from clients. Once the funds were deposited, withdrawals not allowed, and the broker allegedly manipulated trades until the account balance reached zero.

2. Lost 9 Lakh INR with XTRADE Broker

Another XTRADE review reported that XTRADE broker asked a user to deposit INR 9 lakh, promising that the funds would be returned. However, the user claimed this was a lie and part of scamming tactics used to exploit inexperienced clients. According to the review, all the deposited money was lost.

3. Calls and Messages Totally Ignored by XTRADE Broker

In another XTRADE review, a user stated that they invested with XTRADE broker, and the account manager reassured him that pending withdrawals would be honored. However, this never happened. The users calls and text messages were ignored. The user also complained to a senior staff member, who said someone would contact him , but this appeared to be another stalling tactic. At present, the user stated he would certainly not recommend anyone to invest their money with XTRADE forex broker.

4. Do Not Invest with XTRADE Forex Broker

Another user wrote in their XTRADE review that XTRADE broker is a big scam and warned others to stay away. The user claimed they lost $1,500. According to the XTRADE review, the broker suddenly withdrew all the money from the account, and after that, no one answered calls or replied to messages. The user strongly advised others to stay away from XTRADE forex broker calling them scammers.

5. Withdrawal Issue with XTRADE Broker

A user of XTRADE Forex broker stated in their XTRADE review that he joined the platform when it was previously known as XForex. Since the day he joined XTRADE, user have been experiencing withdrawal issues. The user claimed that XTRADE broker contacted him and requested to come back and start trading. They were offered a $1,000 bonus and were repeatedly encouraged to add more money to the platform. Despite this, the user said he was still unable to withdraw funds. Eventually, the calls he used to receive from broker XTRADE regarding deposits completely stopped.

XTRADE Review by WikiFX

When we checked WikiFX to learn more about the XTRADE forex broker, we found that WikiFX gave XTRADE a rating of 1.77 out of 10 and also issued a warning. The warning stated:

“Warning: Low score, please stay away! This broker lacks valid forex regulation. Please be aware of the risk.”

This low score and warning should be considered a serious red flag and a clear warning for investors. It indicates that trading or investing with XTRADE broker may involve significant risk.