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Score

1.52 /10
Danger

xPartners

Cyprus

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://xpartners.com

Influence

D

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Score

Regulatory Index0.00

Business Index7.04

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

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

Goldenburg Group Ltd

Company Abbreviation

xPartners

Platform registered country and region

Cyprus

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-09-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The CyprusCYSEC regulation (license number: 242/14) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

xPartners · Company summary

General Information & Regulation

xPartner provides comprehensive investment services internationally and is committed to bringing its clients the best opportunities in Forex and CFD trading. xPartner currently holds a straight-through license (license number: 242/14) from the Cyprus Securities and Exchange Commission (CySEC).

Market Instruments

Investors can trade a range of popular financial instruments with xPartner, including Forex currency pairs, as well as CFDs on indices, commodities, precious metals, and stocks.

Minimum Deposit

xPartner offers investors a standard account only, with a minimum deposit requirement of $100.

xPartner Leverage

When it comes to trading leverage, the maximum trading leverage offered by xPartner is up to 1:100. Since leverage can amplify both gains as well as losses, it is important for traders to learn how to use leverage and management risks.

Spreads & Commissions

The average spread on the xPartner platform is 3 pips for a standard account in EURUSD, which is much higher than the industry standard. In addition, xPartner charges several additional fees, such as dormant account fees (40€/month), swap, and financial transaction taxes for stock trading.

Trading Platform

xPartner provides traders with the world's leading MT5 trading platform. Like the previous generation MT4 trading platform, MT5 also has excellent charting tools, many market indicators, and easily customizable robotic trading to help traders automate their trading.

Deposit & Withdrawal

xPartner supports traders' deposits via VISA, Maestro, wire transfer, Dotpay, but only wire transfers are supported, and the withdrawal amount cannot be less than $250. xPartner does not charge any fees for deposits and withdrawals.

xPartner Pros & Cons

xPartner Advantages Include:

1. Cysec regulation

2. Acceptable minimum deposit amounts

xPartner Disadvantages Include:

1. Only one account type

2. High spreads

3. Additional fees, swap fees, inactive account fees (40 EUR monthly).

4. One way of withdrawal only

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User comment

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Comments

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FX1227720679
more than one year
No legitimate business does this. They want me to pay an expensive transfer fee which is not specified on their site. More lies to trick you out of your money! Stay away from these scammers!
No legitimate business does this. They want me to pay an expensive transfer fee which is not specified on their site. More lies to trick you out of your money! Stay away from these scammers!
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2023-02-15 14:41
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FX1050626933
more than one year
Vi a alguien en esta página diciendo que la tarifa de transacción es alta, así que fui al sitio web de la compañía para echar un vistazo, Dios mío, es realmente alta. ¿Esto no es robar dinero?
Vi a alguien en esta página diciendo que la tarifa de transacción es alta, así que fui al sitio web de la compañía para echar un vistazo, Dios mío, es realmente alta. ¿Esto no es robar dinero?
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2022-11-27 11:09
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