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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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