Score

1.46 /10
Danger

XbtFxTrade

Cayman Islands

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

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Exposure

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Score

Regulatory Index0.00

Business Index6.60

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

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

Single Core

1G

40G

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Warning: Low score, please stay away! 4
Previous Detection : 2024-09-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The Cayman IslandsCIMA regulation (license number: 1383491) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

XbtFxTrade · Company summary

General Information & Regulation

XbtFxTrade was founded in 2009 by a group of professionals with deep backgrounds in finance, forex, and technology to help investors pursue their financial goals, providing them with a transparent trading environment and a robust trading platform. xbtFxTrade's official website does not show any valid regulatory information.

Market Instruments

XbtFxTrade offers investors over 180 financial instruments, including 40 Forex currency pairs and a large number of CFDs for commodities, indices, and stocks.

Minimum Deposit

XbtFxTrade offers four different trading accounts on its platform: Fort (minimum initial deposit of $600), Flex (minimum initial deposit of $2,000), Star (minimum initial deposit of $3,000), and Pro (minimum initial deposit of $7,500).

Leverage

When it comes to trading leverage, the maximum leverage level offered by XbtFxTrade for forex trading is up to 1:500, which is considered high. Since leverage, can amplify both profits as well as losses, inexperienced traders are not advised to use high trading leverage.

Spreads & Commissions

The official website of XbtFxTrade claims that the spreads on Forex currency pairs are as low as 0 pip but does not provide specific information on the spreads of any financial instruments.

Trading Platforms

XbtFxTrade claims to offer traders an MT4/MT5 trading platform, but no information is shown on its website, which is probably just a false advertisement.

Deposit & Withdrawal

XbtFxTrade supports traders to deposit and withdraw funds to and from their investment accounts via VISA, MasterCard, wire transfer, Skrill, PayPal, China UnionPay, and Neteller.

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