Score

1.39 /10
Danger

XXLMARKETS

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.06

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

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

XXLMARKETS

Company Abbreviation

XXLMARKETS

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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XXLMARKETS · Company summary

Note: XXLMARKETS' official website: https://xxlmarkets.com/ is currently inaccessible normally.

XXLMARKETSReview Summary
Founded2021
Registered Country/RegionUnited Kingdom
RegulationNot regulated
Market Instrumentsforex, stocks, CFDs, indices, and commodities
Demo Account/
LeverageUp to 1:500
SpreadFrom 2.3 pips (Bronze account)
Trading PlatformMT4, Web Trader, Tablet Trader, Mobile Trader
Min Deposit$500
Customer SupportContact form
Phone: +44 7441427348
Email: support@xxlmarkets.com

XXLMARKETS was founded in the United Kingdom in 2021. It offers various trading assets, like forex, stocks, CFDs, indices, and commodities with leverage up to 1:500 and spread from 0pips. However, it currently has no any valid regulations.

XXLMARKETS' homepage

Pros and Cons

Pros Cons
Various trading assetsNot regulated
Popular trading platform MT4Wide spread
High minimum deposit
Lack of transparency

Is XXLMARKETS Legit?

XXLMARKETS is not regulated by any financial authorities, even the local FCA shows no results about it. It means traders have the risks of being cheated. Traders should be alerted when trading.

Domain information

What Can I Trade on XXLMARKETS?

Tradable Instruments Supported
Forex
Stocks
CFDs
Indices
Commodities
Options
ETFs
What Can I Trade on XXLMARKETS?

Account Type

XXLMARKETS provides three account types: Bronze, Silver and Golden.

Account TypeMinimum Deposit
Golden$25000
Silver$10000
Bronze$500

Leverage

The leverage of XXLMARKETS is up to 1:500. High leverage always comes with high profits and high losses.

Spreads and Commissions

The spreads of XXLMARKETS are the same in the Bronze account and Silver account starting from 2.3 pips, and commissions are free for these two accounts. But the spread on the Golden account starts from 0.0 pips, and requires a commission of 1.2 pips per closed lot.

Other Fees

The only fee specified in the Customer Agreement is that for an inactive account – 60 USD per month.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4Desktop, Mobile and WebBeginners
Web TraderWebExperienced traders
Mobile TraderiPhone and Android
Tablet TraderWeb
Trading Platform

Deposit and Withdrawal

XXL Markets claims it can be pay through VISA, Mastercard, Web Money and Skrill, but in reality the only payment options appear to be bitcoins, bank wire transfers, and some obscure payment provider called Virtual Pay.

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Comments

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fhan
more than one year
This company's minimum spread is a bit high, unless you spend $25,000 to open an account...and I see no reliable regulatory information for it. I think it's unwise to trade with it rashly.
This company's minimum spread is a bit high, unless you spend $25,000 to open an account...and I see no reliable regulatory information for it. I think it's unwise to trade with it rashly.
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2022-12-09 10:14
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