Is it Safe to invest in Xtreme Markets in Malaysia?
Abstract：In the Malaysian forex market, there are a lot of brokers that draw our attention. Xtreme Markets is one of them. However, WikiFX has recently received complaints against this broker. We wonder if it is safe to invest in Xtrme Markets in Malaysia.
If you want to know whether Xtreme Markets is a reliable forex broker or not, please continue to read. we evaluated this broker from different aspects, such as regulatory status, exposure, etc.
What is WikiFX?
| WikiFX is an authoritative global inquiry platform providing basic information, inquiries, and regulatory license inquiries. |
| WikiFX can evaluate the safety and reliability of more than 60,000 global forex brokers. |
| WikiFX gives you a huge advantage while seeking the best forex brokers. For more information, such as the review and exposure of brokers, please visit our website (https://www.WikiFX.com/en) |
Specs of Xtreme Markets
www.wikifx.com/en/dealer/7151422317.html
About Xtreme Markets
Registered Country/Area: Marshall Islands
Founded Year: 5-10 years
Regulation: Mauritius Regulation
Tradable Assets: Forex, Cryptocurrencies, Indices, Stocks
Account Types: Cent Account, Prime Account, Platinum Account, Royal Account, and Power-Up Bonus Account
Demo Account: Available
Islamic Account: Available for all account types
Minimum Deposit: $5
Maximum Leverage: 1:1000
Trading Platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Payment Methods: Visa, Bitcoin, Neteller, Skrill, Wire Transfer, MasterCard, Online Naira, Pay Trust, Help2Pay
Customer Support: support@xtrememarkets.com
Phone: +357 96673007
Regulatory Status
The Mauritius FSC regulation with license number GB22200951 is offshore.
Feedback from the Traders
On WikiFX, the Exposure consists of feedback from traders. A bad track record of brokers can be checked via Exposure. WikiFXs Exposure function helps you get feedback from other traders and reminds you of the risks before it starts.
As of now, WikiFX has received a lot of positive comments about this broker, but it also receives four complaints against this broker.
This investor claimed that Xtreme Markets caused him losses and had a bad attitude, and was unwilling to negotiate amicably with users. The user even attached the communication records (in Urdu) between themselves and a representative of the company named Priya. “It appears that Xtream Forex may lean towards its clients incurring losses, while my account was incurring losses, it was all hahaha nice for them. Their managers : 1: Amandeep, 2: Priya 3: Hemma. above mentioned three idiots refuse to discuss on subject and claims and speaking crptics and riddles. Aforementioned company is adamant I take my initial deposit amount of $5000.00 and walk away…”
This trader lost 3300 US dollars because the account was blocked.
This investor from Indonesia lost $335.
Conclusion
We advise traders to be aware of the complaints and do more research before making a decision. If you want more information about certain brokers' reliability, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX App to find the most trusted broker for yourself.
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