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XPro Markets

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Don't fall for the deception! Our comprehensive XPro Markets review on BrokersView reveals alarming findings. From being listed on Malaysia's Investor Alert due to potential illegal activities to false claims of regulation, discover the truth. Your funds are at risk with this unregulated broker. Stay informed, stay safe – read our in-depth analysis now.
XPro Markets Exposed: Unveiling the Scam - BrokersView Review 2024

Operating status: SCAM

Website: https://xpromarkets.com/

Broker violations and abnormal records
  • 2022-01-31 The Securities Commission Malaysia (SC) Added XPro Markets into Its Investor Alert List

    In 2022, The Securities Commission Malaysia (SC) issued a warning against XPro Markets that this firm may possibly be a clone operating an illegal investment scheme and carrying on unlicensed capital market activities of dealing in securities. You may visit: https://www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list


    In 2022, The Securities Commission Malaysia (SC) issued a warning against XPro Markets that this firm may possibly be a clone operating an illegal investment scheme and carrying on unlicensed capital market activities of dealing in securities. You may visit: https://www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list
  • 2022-08-16 BrokersView has Reviewed that XPro Markets is an Unregulated Forex Broker

    XPro Markets claims to be owned and operated by UKUCHUMA FINANCIAL SERVICES (PTY) LTD, a firm authorized and regulated by the Financial Sector Conduct Authority (FSCA) with FSP license number: 32535. We indeed find a match result to the license number in FSCA, but as per the regulatory details shown on FSCA, this firm is not authorized to provide derivative investment. That means XPro Markets is not authorized to provide forex services or products.

    Besides, XPro Markets also mentions on its website that UKUCHUMA FINANCIAL SERVICES (PTY) LTD and IGM Forex Ltd belong to the same group of Companies. IGM Forex Ltd, a company regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number: 309/16. We also found a match result to the license in CySEC, but we found the domain of XPro Markets is not included in the approved domains of IGM Forex Ltd. That means XPro Markets has no connection with this CySEC-regulated firm.

    The truth is XPro Markets is not under valid regulation to do forex by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    XPro Markets claims to be owned and operated by UKUCHUMA FINANCIAL SERVICES (PTY) LTD, a firm authorized and regulated by the Financial Sector Conduct Authority (FSCA) with FSP license number: 32535. We indeed find a match result to the license number in FSCA, but as per the regulatory details shown on FSCA, this firm is not authorized to provide derivative investment. That means XPro Markets is not authorized to provide forex services or products.Besides, XPro Markets also mentions on its website that UKUCHUMA FINANCIAL SERVICES (PTY) LTD and IGM Forex Ltd belong to the same group of Companies. IGM Forex Ltd, a company regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number: 309/16. We also found a match result to the license in CySEC, but we found the domain of XPro Markets is not included in the approved domains of IGM Forex Ltd. That means XPro Markets has no connection with this CySEC-regulated firm.The truth is XPro Markets is not under valid regulation to do forex by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Related Complaints

Q&A Complaints

Can I trade on the weekend?

Roberto
Mauritania
2023-01-28
ANSWER XPro Markets is not a regulated or licensed broker for traders even though it states offers that look good to be true.XPro Markets claims to be owned and operated by UKUCHUMA FINANCIAL SERVICES (PTY) LTD, a firm authorized and regulated by the Financial Sector Conduct Authority (FSCA) with FSP license number: 32535. We indeed find a match result to the license number in FSCA, but as per the regulatory details shown on FSCA, this firm is not authorized to provide derivative investment. That means XPro Markets is not authorized to provide forex services or products.Besides, XPro Markets also mentions on its website that UKUCHUMA FINANCIAL SERVICES (PTY) LTD and IGM Forex Ltd belong to the same group of Companies. IGM Forex Ltd, a company regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number: 309/16. We also found a match result to the license in CySEC, but we found the domain of XPro Markets is not included in the approved domains of IGM Forex Ltd. That means XPro Markets has no connection with this CySEC-regulated firm.The truth is, XPro Markets is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like XPro Markets and trade with licensed brokers.
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3 comments

Winnie
I couldn't load the page at all and nobody is helping. They just want you to keep depositing money. They won't entertain you unless you have 10k, 100k deposited. Now i want to terminate my account and nobody is responding. F****
2023-12-28
Reply
Baboolal Suthar
Dear sirMy customer account number is 70168938, Baboolal Suthar.My associate manager is Mr Ali N on whose advise and help I am doing trading since 05.12.2023I had invested whole of available amount in my account in trade with the condition that my wife is ailing and may need medical help at any momentOn 22.12.2023 she had chest pain and admitted in hospital where doctors advised for bye pass surgeryAccordingly I have applied for withdrawal of 4000 USD to enable me cope up the situationMr Ali and Xpro finance on 25.12.2026 told me to retain money till next week and I will gain handsome amount of nearly 6000 USD and by that time manage with personal loan towards treatment of my wife as such I was compelled to turn down withdrawal requestShri Ali had been calling since 26.12.2023 to pour additional money in market else whole of amount will sink and on next day the same thing happened when the scoreboard shown it sinking and my wholeoney become zero in market as telephonically informed to me by Mr AliI felt cheated and looted this way, kindly help by releasing and repaying 14000 usd and oblige ThanksBaboolal Suthar
2023-12-27
Reply
Geraldine Egma
Beware to this trading.
2023-11-14
Reply
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