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XTrade Plus

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Operating status: SCAM

Website: https://xtradeplus.com/

Broker violations and abnormal records
  • 2024-08-20 The Seychelles FSA issues a warning about XTrade Plus

    On August 21, 2024, the Seychelles Financial Services Authority (Seychelles FSA) issued a warning about XTrade Plus, refuting the company's claim of being regulated by them. https://fsaseychelles.sc/media-corner/regulatory-updates/scam-alert-xtrade-13574840-and-sd212

    On August 21, 2024, the Seychelles Financial Services Authority (Seychelles FSA) issued a warning about XTrade Plus, refuting the company's claim of being regulated by them. https://fsaseychelles.sc/media-corner/regulatory-updates/scam-alert-xtrade-13574840-and-sd212
  • 2024-08-22 BrokersView has reviewed that XTrade Plus is an unregulated broker

    In the website footer, XTrade Plus claims to be authorized by the Seychelles Financial Services Authority (Seychelles FSA). However, the Seychelles FSA has issued a warning, stating that this claim is false and that XTrade Plus is neither authorized nor regulated by them.

    In essence, XTrade Plus 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 Plus appears to be a scam.

    In the website footer, XTrade Plus claims to be authorized by the Seychelles Financial Services Authority (Seychelles FSA). However, the Seychelles FSA has issued a warning, stating that this claim is false and that XTrade Plus is neither authorized nor regulated by them.In essence, XTrade Plus 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 Plus appears to be a scam.

Related Complaints

Q&A

What's your opinion about XTrade Plus.

mightypants
Sweden
2024-12-26
ANSWER Dear Investor, We have red-flagged XTrade Plus as a scam broker. The broker appears to have changed its regulatory statements over time. Previously, it falsely claimed to be licensed by the Financial Services Authority of Seychelles (FSA Seychelles), which was refuted by the FSA itself in a warning. Currently, XTrade Plus has removed that claim and now uses a CH registration certificate of Trade Global Capitals Limited to appear legitimate. However, it is unclear whether XTrade Plus is genuinely associated with this company; moreover, the company listed in the CH (Companies House) register is shown as dissolved. There are no indications that this company is licensed by the British financial regulator, the Financial Conduct Authority (FCA). Therefore, XTrade Plus is risky and a scam. We strongly advise investors to avoid using XTrade Plus to protect themselves from potential fraud schemes.
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