Company Profile
Company Profile
Review summary
XTRADE BROKERS Information
XTRADE is a brokerage founded in China in 2006. The platform is not regulated by any official regulatory body.
Is XTRADE BROKERS Global Legit？
Unlike well-known brokerages, XTRADE BROKERS is not regulated by any official bodies such as the NFA or ASIC. Unregulated platforms typically face higher trading risks, such as fund security issues and fraudulent activities.
Downsides of XTRADE BROKERS
- Unavailable WebsiteXTRADE BROKERS's official website is currently inaccessible, which means the platform lacks transparency and reliability.
- Lack of TransparencyThere is a notable lack of information about XTRADE BROKERS available online. This lack of transparency, including information on commission rates, trading platforms, and security measures, makes it difficult for users to make informed investment decisions.
- Regulatory ConcernsXTRADE BROKERS is not regulated by any official regulatory body. Unlike regulated platforms, unregulated platforms do not offer protection for investors' funds.
- Negative User Reports on Fraud and Unprofessional OperationsUsers have reported fund fraud and unprofessional operations. The platform's staff are reportedly not knowledgeable about forex investments and cannot provide sound investment advice.
Negative XTRADE BROKERS Reviews on WikiFX
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there were 2 pieces of XTRADE BROKERS exposure in total.
Exposure 1. Fund Fraud
| Classification | Fund Fraud |
| Date | 2022-12-12 |
| Post Country | Netherlands |
The user reported that all their funds in XTRADE BROKERS were taken by the platform, and they could not retrieve them.
Exposure 2. Unprofessional Operations
| Classification | Unprofessional Operations |
| Date | 2022-12-08 |
| Post Country | United Kingdom |
The user reported that the platform's staff were very unprofessional and lacked knowledge about forex trading, resulting in a loss of $479.
Conclusion
XTRADE is not a trustworthy trading platform. First, it is not regulated by any official body, and second, its website is inaccessible, making it impossible for investors to obtain reliable investment information. It is recommended to use regulated platforms to ensure the safety of your investments.
