XXLMARKETS

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

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.

Pros and Cons

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.

What Can I Trade on XXLMARKETS?

Account Type

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

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

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.