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GXOTE

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Operating status: SCAM

Website: https://globaloptionxpro.com

Broker violations and abnormal records
  • 2023-12-24 BrokersView has reviewed that GXOTE is an unregulated broker

    According to its website, it claims registered in the Company House (CH) with registration number: 08114207. Upon investigation, we found that the status shows "Overdue". In addition, no matching information was found in the Financial Conduct Authority (FCA). Because CH registration does not equal authorization by a financial institution, GXOTE is an illegal platform that provides financial services in the UK without a license..

    The truth is that GXOTE is not regulated by any regulators. Letting it hold or control investors' money is unsafe and the money can not be protected by any laws.

    Therefore, GXOTE is a scam. 

    According to its website, it claims registered in the Company House (CH) with registration number: 08114207. Upon investigation, we found that the status shows "Overdue". In addition, no matching information was found in the Financial Conduct Authority (FCA). Because CH registration does not equal authorization by a financial institution, GXOTE is an illegal platform that provides financial services in the UK without a license..The truth is that GXOTE is not regulated by any regulators. Letting it hold or control investors' money is unsafe and the money can not be protected by any laws.Therefore, GXOTE is a scam. 

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Q&A

What is the lowest spread in GXOTE?

VerraShahaka
Czech Republic
2024-01-17
ANSWER We strongly advise against any dealings with GXOTE, a trading platform that lacks the necessary licensing. It's crucial to verify a company's licenses before engaging with them.GXOTE, also known as Global Xpress Trading Expert, presents an incorporation certificate from Companies House (CH) to give the impression of legitimacy. However, CH is not a financial regulator and does not have the authority to supervise the financial market in the UK. This authority lies with the Financial Conduct Authority (FCA). A search of the FCA register reveals no matching records for GXOTE, which is a significant red flag.Given its unlicensed status, GXOTE carries the risk of fraud and identity theft. For a secure trading experience, we recommend steering clear of unlicensed platforms like GXOTE and opting for fully regulated ones instead.
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