Score
5-10 yearsSuspicious Regulatory License
MT4 Full License
Regional Brokers
High potential risk
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Comparison
Quantity 6
Exposure
Score
Regulatory Index0.00
Business Index7.54
Risk Management Index0.00
Software Index6.13
License Index0.00
Single Core
1G
40G
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Company Name
XCOQ CAPITAL SERVICES LIMITED
Company Abbreviation
XCOQ
Platform registered country and region
New Zealand
Company website
Company summary
Pyramid scheme complaint
Expose
They are ready to abscond. I’ve lost so much and I can’t withdraw my rest $1000 or so.
My $132579.5 withdrawal on XCOQ on August 30th didn’t arrive until now. All my trading activities are legit. As far as I know, all their clients can’t withdraw. They said it was because of third-party problems. On September 14th they told me they will give me the money on 21th and give me a 5% compensation. But they didn’t. Today is 25th and I still can’t receive my money. Give my money back!
XCOQ delayed my withdrawal for a month. Seems they are ready to abscond! They said they would process all withdrawal requests in three periods: October 15, November 15 and December 15. But none of us received our money until today, November 21.
For more than two months, they said seriously that the money would be withdrawn successfully at the latest on December 15th. But as of today, I have not received the money. They do not give reasonable answer. There is no integrity.
The withdrawal was said to be delayed to December 15th.I still haven’t received the fund yet for 2 months.
In June this year, I deposited 4,000 US dollars in XCOQ and the trading account 630240. I lost a great deal and less than a thousand dollars left. In October, the platform announced to withdraw from the Chinese market, and asked the investor to close orders out and withdraw money. But my balance has been deducted while I have not received the money until now. The customer service personnel said the money would arrive at most on December 15th, and the mail also showed the same date. But the money has not been received, and they don’t reply my email in recent days. They customer service personnel make no answer. Is it ready to run. I have lost so much, and they still do not allow me to withdraw the rest small money
Note: XCOQ's official website: https://www.xcoq.com/ch/ is currently inaccessible normally.
XCOQ is an exchange registered in New Zealand since 2011. The platform has been flagged by ASIC as a “Suspicious Clone,” and its official website cannot be accessed. Therefore, trading on this platform poses extremely high risks.
 | Australia Securities & Investment Commission |
| Current Status | Suspicious Clone |
| Regulated by | Australia |
| License Type | Institution Forex License (STP) |
| License No. | 328866 |
| Licensed Institution | TOP 500 SEC PTY LTD |
XCOQ has been marked as a “Suspicious Clone” by the Australia Securities & Investment Commission, indicating high risks such as fund fraud and false advertising.
The official XCOQ website is currently inaccessible. Clicking on the official website link https://www.xcoq.com/ch/ displays a “domain name not found” message.
Since the XCOQ website cannot be accessed, there is no official information available about the platform from authoritative sources. This makes it difficult for investors to make informed decisions or conduct trades.
XCOQ being labeled as a “Suspicious Clone” by the Australia Securities & Investment Commission suggests potential misleading practices, false advertising, and extremely high trading risks.
Several users have reported that they have encountered withdrawal problems on this platform.
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 are 6 pieces of XCOQ exposure in total. I will introduce 2 of them.
Exposure 1. Unable to withdraw
| Classification | Unable to withdraw |
| Date | 2018-12-16 |
| Post Country | Hong Kong |
The user reported unsuccessful withdrawal attempts from the platform, despite assurances from staff that it would be processed by December 15th. Two months later, the user had still not received the funds.For more details, visit:
https://www.wikifx.com/en/comments/detail/208127591316174.html
Exposure 2. Unable to withdraw
| Classification | Unable to withdraw |
| Date | 2018-11-21 |
| Post Country | Hong Kong |
Another user reported unsuccessful refund attempts. The platform appears to be preparing to abscond, and the user cannot withdraw approximately $1000.For more details, visit:
https://www.wikifx.com/en/comments/detail/208128924415330.html
Trading on the XCOQ platform entails considerable hazards stemming from its classification as a “Suspicious Clone” and a plethora of unfavorable user testimonials highlighting difficulties with withdrawals. This platform poses a high risk of being a scam, and investors are advised to choose other regulated platforms.
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