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/10
The WikiFX Score of this broker is reduced because of too many complaints!

Xtrade

Belize | 5-10 years |
Regulated in Belize | Common Financial Service License | Self-developed | Australia Market Maker (MM) Revoked | Suspicious Overrun | High potential risk | Offshore Regulated

https://www.xtrade-dm.net/?cl=1

Website

Rating Index

Influence

Influence

B

Influence index NO.1

Singapore 3.41
Surpassed 16.90% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+44 203 8074001
info@xtrade-dm.net
https://www.xtrade-dm.net/?cl=1
Suite 1 Level 2, 424 St Kilda Road, MELBOURNE VIC 3004
The WikiFX Score of this broker is reduced because of too many complaints!
Keywords 8
5-10 years
Regulated in Belize
Common Financial Service License
Self-developed
Australia Market Maker (MM) Revoked
Suspicious Overrun
High potential risk
Offshore Regulated
Warning: Low score, please stay away!
2025-06-08
  • The number of the complaints received by WikiFX have reached 30 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
7

Basic Information

Registered Region
Belize
Operating Period
5-10 years
Company Name
Xtrade international Ltd
Abbreviation
Xtrade
Company employee
--
Customer Service Email Address
info@xtrade-dm.net
Contact Number
+442038074001
Company address
Suite 1 Level 2, 424 St Kilda Road, MELBOURNE VIC 3004

Solange Peres

Unverified

Brazil

My story is not different from others. I started with small investments and the team of Marcos Mello, Santiago, Julia, Gustavo da Silva, and my personal consultant Carlos Smith simply wiped out all my money. I started with a small application and a kind of "theater" was performed when Marcos Mello called me saying that a bad operation had been opened and that if I didn't deposit more money, I would lose everything. After new deposits, there were always operations with incredible profits, and in a short time, I had already invested about $50,000. When I indicated that I wanted to make a withdrawal, an advisor named Julia, in a very emphatic way, told me that I should open positions to protect the capital, that she was a professional, and I should follow her advice. Just 15 minutes later, Marcos called me and said that if I didn't deposit $20,000, I would lose everything. The account practically closed, leaving less than $10,000. When I stopped making deposits, they stopped giving me opening suggestions.

Exposure

2024-09-13

Ernie2810

Unverified

Philippines

I just want to clamor this company xtrade and all the people who communicated with me specially my account manager because of his negligence i loss my money within few minutes so when i tried to widraw what was left together with my bonus, it was pending and my account manager told me that i need to invest bigger amount of money inorder for me to widraw the money in my account because it was in a low profit...He requires me to deposit 1000usd but i did not deposit anything due to lack of finances and he said that he will wait for me...i message the person who contacted me at first to invest in xtrading and tell her about what happen to my money then she replied that wait for someone to call you. after sometime, someone called me and introduce herself that shes incharge of billing section and she told me that she will help me to widraw my money in my account but i need to pay a processing fee amounting to 5,700 pesos. Long story short, i paid her 5,700pesos thru gcash and after my payment she cannot be contacted anymore until one day, she call me for a reason that her son was hospitalized that's why she's not able to be reach...she explained that my processing fee is ok but i need to invest again atleast 10,000pesos in my account because it was very low profit. everyday, she's always calling at me to invest emmediately so that they will start to process my money in my account but i didn't invest this time because i think that they are scammers, i tried to message them and call their phone numbers but always unattended

Exposure

2024-07-19

FX4064762740

Unverified

Philippines

They called me and let me deposit manually into their Xtrading Platform. They got me and I deposited 100dollars until such time that they will call you again to offer you a premium account.. to add another 500dollars. During this time, I smell something fisheee, I did not get into their trick, I noticed that something is bad here. That is why, I requested to withdraw my 100dollar and they did not return it to my bank account.. Stay away from this platform! Xtrading is a Scam!!!!!

Exposure

2024-06-28

PolloStroti

Unverified

Italy

First time on the platform and I knew it was gonna be an easy ride, the navigation was easy and the interface design was very simple and easy to understand… The xtrade webtrader has also been easy to trade with; undertand the chartings better, made it quite nice[

Positive

Three days ago

TsukamotoRyuu

Unverified

Japan

I used to be the type to stick to investing in only one type, but I'm glad I found a broker where I can choose from various assets. I particularly like trading currency pairs. Lately, I've been trading popular pairs like USD/JPY and USD/GBP. The spreads are low, and the trades are completed quickly.

Positive

In a week

MarcialDiaz

Unverified

Spain

This platform has a mono account system that can be used accross various devices, i place trades without issues and setup was quick...The support have been helpful and professional but are available 24/5 would be nice to have them throughout the week;

Positive

05-31

ZhongYuan

Unverified

Taiwan

The account operation is very smooth and seamless, and the tools, although advanced, are simple and easy to use. This account seems to be suitable for both experienced traders and beginners.

Positive

05-27

NaokiHayashi

Unverified

Japan

Here you can trade various assets under favorable conditions. The fees are clear and easy to understand, and I feel reassured knowing that there are strict regulations in place. Withdrawals are also secure, with a variety of methods to choose from.

Positive

05-27

SamuelDixon

Unverified

United Kingdom

Spreads are kind of different here. I trade only classic EUR/USD pair and conditions are okay. But, IDK, how often this happens…

Positive

05-20

Daiki_Hashimoto

Unverified

Japan

- Easy to understand trading conditions - Wide range of account options - Fast execution speed - Customer support could be a little faster

Positive

04-26

Wei-HaoChen

Unverified

Taiwan

I can't see any reason to trade with a broker that does not meet regulatory and licensing standards! Fortunately, trading here is very safe...

Positive

03-14

GustavBergström

Unverified

Sweden

But it's fast really + smooth working.

Positive

03-13

FayyadWaqarBazzi

Unverified

Saudi Arabia

I always pay attention to the broker’s regulations. Otherwise, I cannot trade with bigger sums. Glad that I don’t have to worry about the licenses. My trades are executed properly

Positive

03-11

EmericArnold

Unverified

Germany

I think $100 min deposit is very good, many peoples like me can afford.

Positive

03-02

Goncalo Martins

Unverified

Portugal

The transparency with the fee structure is one that really gets me and it’s also affordable for beginners like myself.

Positive

02-05

CooperM.

Unverified

Ireland

Chatted with the support and they helped me to register easily!!

Positive

01-04

maxime morel

Unverified

France

I enjoy switching from currency trading to other instruments and the platform helps me with making this choice easy. By the way, thank you to those who recommended me the broker

Positive

2024-12-24

佳君單于

Unverified

Taiwan

When I joined this broker, I didn't know what kind of trading account would be most suitable for me and my trading style. There are 4 accounts, each with good trading conditions. Therefore, after some consideration, I decided to start with a simple account. I chose a standard account and then gradually increased my deposit. I was really surprised that even with a standard account, they could provide 1-on-1 courses for clients.

Positive

2024-12-22

零 山田

Unverified

Japan

Until withdrawing funds from the account, I didn't really understand the broker and its mechanism. The process of withdrawal itself was smooth, but personally, I wasn't very happy with the open position policy.

Neutral

2024-12-12

Aiguo

Unverified

Taiwan

Using it on mobile is indeed very comfortable, and there are many trendy tools!👍

Positive

2024-11-13

SeyamaThoki

Unverified

Japan

This broker has a minimum deposit amount set, but I don't think it's that high.

Positive

2024-11-08

賢凌

Unverified

Taiwan

They have been operating in the trading industry for more than 10 years, so I trust them 100%! However, to be honest, this platform looks outdated, but that's not a problem.

Positive

2024-11-03

KaitoYamashita

Unverified

Japan

I never thought the day would come when I would use a tablet for FX trading. Honestly, it was inconvenient at first, but I quickly got used to it. I think it's a great platform👍

Positive

2024-10-29

102
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Most visited countries/areas
Botswana
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104.21.80.175
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172.67.195.70
xtrade-dm.net
104.21.67.114
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216.146.46.11
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Relevant Enterprises

GUMA HOLDINGS LIMITED(Cyprus)
Active
Cyprus
Registration No.
HE222651
Established
2024-09-19
XTRADE INTERNATIONAL LTD.(Belize)
Active
Belize
Registration No.
RA000693_151830
Established
--

Company Summary

XtradeReview Summary
Founded2022-07-18
Registered Country/RegionBelize
RegulationExceeded(FSC)/Revoked(ASIC)/Suspicious Clone(CYSEC)
Market InstrumentsCFDs, Indices, Commodities, Shares, Forex, ETFs, Bonds, and more
Demo Account
LeverageUp to 1:400
SpreadFrom 2 pips
Trading PlatformXtrade(Web/Mobile/Tablet)
Min Deposit$250(Standard account: $200)
Customer Support(24/7)Email: info@xtrade-dm.net/support@xtrade-dm.net
Tel: +852 58080622
Fax: +61(2)99292055(Australia)/+44(0)2081049401(UK)
Social Media: Facebook, Twitter, LinkedIn, Instagram, YouTube

Xtrade Information

Xtrade is an experienced online broker specializing in helping investors build diversified investment portfolios. Through Xtrade, investors can access multiple markets including CFDs, Indices, Commodities, Shares, Forex, ETFs, Bonds, and moreon the Xtradetrading platform. Xtrade also provides demo accounts and 4 live accounts with leverage starting from 1:400 on Forex, and this broker says it offers 24/7 customer support. However, Xtrade still has risks due to some comments about its high trading spread.

Xtrade Information

Pros and Cons

Pros Cons
Leverage up to 1:400Exceeded(FSC)/Revoked(ASIC)/Suspicious Clone(CYSEC)
Demo account availableSome negative Comments
24/7 customer supportSpreads from 2 pips
Various tradable instrumentsMT4/MT5 available
accessible office website
First deposit bonus up to $5000

Is Xtrade Legit?

It is relatively safe for investors to conduct financial activities in regulated entities. The regulatory information of this broker is as follows:

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberCurrent Status
Is Xtrade Legit?
FSCXtrade International Ltd.Common Financial Service LicenseIFSC/60/383/TS/15Exceeded
Is Xtrade Legit?
ASICXtrade International LtdMarket Making(MM)343628Revoked
Is Xtrade Legit?
CYSECMerba LimitedMarket Making(MM)108/10Suspicious Clone
Is Xtrade Legit?

What Can I Trade on Xtrade?

Traders can choose different investment directions because the broker provides traders with access toForex, CFDs, Indices, Commodities, Shares, ETFs, Bonds, and more.

Tradable Instruments Supported
Forex
CFDs
Indices
Commodities
Shares
ETFs
Bonds
What Can I Trade on Xtrade?

Account Type

Xtrade offers four account types. Traders who own more deposits can choose a VIP account, while those with a small budget can open a Standard account. If you are in between, you can choose the Premium account or the Platinum account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.

Account Type StandardPremiumPlatinumVip
Minimum Deposit$200$1000$5000$25000
Minimum spread(EURUSD)5 pips3 pips3 pips2 pips
Commission Free Deposits
Demo account

Xtrade Fees

The spread is from 2 pips. The spread is more than 1pips, which is relatively high and the liquidity is relatively poor.

Leverage

The maximum leverage is 1:400 meaning that profits and losses are magnified as well as gains.

Leverage

Trading Platform

Xtrade provides a Proprietary platform available for web, mobile, and print versions. Traders can choose the method that suits them to access and conduct trading-related activities.

Trading PlatformSupported Available Devices Suitable for
Xtrade APPWeb, Mobile, TabletAll traders
Trading Platform

Deposit and Withdrawal

The minimum amount to deposit is 250 USD. Xtrade accepts credit/debit cards, bank transfers, American Express, and more options for deposits and withdrawals.

Withdrawal requests take up to five business days to process. Third-party withdrawal payment methods (i.e. credit card company, wire transfer bank, or intermediary bank delays) In extreme cases, delays of 3 weeks

Bonus

Xtrade offers a first deposit bonus of up to $5000, a 100% bonus.

Keywords

  • 5-10 years
  • Regulated in Belize
  • Common Financial Service License
  • Self-developed
  • Australia Market Maker (MM) Revoked
  • Suspicious Overrun
  • High potential risk
  • Offshore Regulated

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2024-07-19 16:14

ASIC Cancels AFS License of XTrade.AU Due to Client Misconduct

Exposure ASIC Cancels AFS License of XTrade.AU Due to Client Misconduct

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User Reviews 102

All (102) Positive (63) Neutral (4) Exposure (35)
Ernie2810
Within 1 year
Exposure
Pending widrawal
I just want to clamor this company xtrade and all the people who communicated with me specially my account manager because of his negligence i loss my money within few minutes so when i tried to widraw what was left together with my bonus, it was pending and my account manager told me that i need to invest bigger amount of money inorder for me to widraw the money in my account because it was in a low profit...He requires me to deposit 1000usd but i did not deposit anything due to lack of finances and he said that he will wait for me...i message the person who contacted me at first to invest in xtrading and tell her about what happen to my money then she replied that wait for someone to call you. after sometime, someone called me and introduce herself that shes incharge of billing section and she told me that she will help me to widraw my money in my account but i need to pay a processing fee amounting to 5,700 pesos. Long story short, i paid her 5,700pesos thru gcash and after my payment she cannot be contacted anymore until one day, she call me for a reason that her son was hospitalized that's why she's not able to be reach...she explained that my processing fee is ok but i need to invest again atleast 10,000pesos in my account because it was very low profit. everyday, she's always calling at me to invest emmediately so that they will start to process my money in my account but i didn't invest this time because i think that they are scammers, i tried to message them and call their phone numbers but always unattended
2024-07-19

Philippines

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