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Xtrade

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Operating status: SCAM

Website: https://www.xtrade.com/

Broker violations and abnormal records
  • 2024-09-30 BrokersView has reviewed that Xtrade is an unregulated broker

    Xtrade claims to hold a license from the Belize Financial Services Commission (Belize FSC). However, our verification with the authority suggests that all potential licenses associated with the broker have been canceled.

    In addition, the company purports to be licensed in South Africa by the Financial Sector Conduct Authority (FSCA), and the related firm name is Peak Wealth PTY Ltd supposedly under License Number FSP44681. But on the FSCA register, the company under FSP44681 is PEAK WEALTH 8INVEST (PTY) LTD and the associated information with the licensee is inconsistent with what Xtrade asserts. Therefore, there is no evidence to suggest that Xtrade is regulated by the FSCA.

    In essence, Xtrade is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Xtrade appears to be a scam.

    Xtrade claims to hold a license from the Belize Financial Services Commission (Belize FSC). However, our verification with the authority suggests that all potential licenses associated with the broker have been canceled.In addition, the company purports to be licensed in South Africa by the Financial Sector Conduct Authority (FSCA), and the related firm name is Peak Wealth PTY Ltd supposedly under License Number FSP44681. But on the FSCA register, the company under FSP44681 is PEAK WEALTH 8INVEST (PTY) LTD and the associated information with the licensee is inconsistent with what Xtrade asserts. Therefore, there is no evidence to suggest that Xtrade is regulated by the FSCA.In essence, Xtrade is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Xtrade appears to be a scam.

Related Complaints

Q&A Complaints

Does the account system that Xtrade offers customers really matter?

Peter Berry
United Kingdom
2024-10-06
ANSWER Dear Investor,Yes, the account system that Xtrade offers can significantly impact your trading experience. Understanding the account system and choosing the right account type can help you maximize the benefits and minimize the risks associated with trading on Xtrade.However, we would like to highlight the substantial risks associated with Xtrade. We have noticed that the broker's licenses from the Belize Financial Services Commission (Belize FSC) have all been canceled. Despite their claim of being licensed by the Financial Sector Conduct Authority (FSCA), there is no solid evidence to support this. Therefore, Xtrade currently poses significant risks, and we strongly advise against trading with this unregulated broker.
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Does Xtrade International accept Islamic account for their standard account?

Mohammad Burhan
Brunei
2022-06-14
ANSWER Xtrade is owned and operated by Xtrade International Ltd, a company authorised and regulated by the Belize Financial Services Commission (Belize FSC) with license number: 000281/343.As for the question you asked, we recommend that you ask the official customer services directly for a more accurate answer. For more details on this broker, please check our full Xtrade review.
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110 comments

京助 加納
Xtradeは日本語で使えるし、サポートも日本語で答えてくれるので、この点はかなり評価してもいいんじゃないかと思います。おかげで不安もなく、はじめてでもよく理解した上で使えています。個人的には株取引をメインにしていますが、Xtradeではたくさんの銘柄を取引できます。あと、スプレッドがこんなに広いとは思ってませんでしたが、利益にはそんなに影響はありません。利点としては、高いレバレッジで株取引ができる点です。最近で言うと、1:50のレバレッジを活用して、Nvidiaで大きな利益を上げられました。でも、乱用は禁物です。😁😁
2024-11-09
Reply
浜田 京助
特にサイトの見た目は古い感じがしますが、プラットフォームとしては良いと思います。
2024-11-03
Reply
中津川 充
Xtradeを使用してほぼ1年になりました。１年はあっという間でしたが、利益は出せています😁
2024-11-01
Reply
来志强
我与 Xtrade 合作已经快一年了，总体来说我很满意。他们唯一需要改进的就是增加更多的支付方式。目前的支付方式很有限，但好在 Xtrade 处理提款的速度很快。交易条款也还好。
2024-10-30
Reply
Wadid Umarah
الحد الأدنى للإيداع مرتفع بعض الشيء (250 دولارًا)، وليس من السهل على المتداولين الجدد الانضمام، لكن الأمر يستحق العناء في النهاية. إيداع/سحب سهل للغاية، ومنصة جيدة، وحزمة ترحيب جيدة وتكاليف منخفضة للتداول.
2024-10-29
1
Reply
康弘 中村
このブローカーはこの業界でけっこう長いので、ここができたときにはまだ生まれていなかったトレーダーもいるのではないでしょうか。 セキュリティやその他の問題もないので、良いと思います。
2024-10-23
Reply
贾鹏
该死，除非你继承了数百万美元的遗产，否则 VIP 会员资格是可望而不可及的！不过，这也是个不错的动力。
2024-10-20
Reply
Riku Nakamura
I read in Xtrade reviews that this broker offers a wide range of assets. And in general, this is true. But I must warn newcomers that it is more difficult to trade some assets than it seems
2024-10-15
Reply
مؤيد العفالق
إذا لم أكن مخطئًا، فأنا عميل لدى شركة Xtrade منذ أكثر من عام ونصف. في بعض الأحيان أواجه بعض المشكلات البسيطة، ولكن بشكل عام، هذه شركة وساطة جيدة وتوفر مجموعة واسعة من الأسواق القابلة للتداول!🙂👍
2024-10-14
Reply
石田 太郎
Xtradeは新規参入者にやさしいです。口座開設もたった250ドルでできます。
2024-10-10
Reply

1-10 of 110 comments

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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