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

XTrend Speed

South Africa | 5-10 years |
Suspicious Regulatory License | Self-developed | Suspicious Overrun | High potential risk

https://www.xtrendspeed.com/en-US

Website

Rating Index

Influence

Influence

B

Influence index NO.1

Denmark 4.54
Surpassed 16.30% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

support@xtrendspeed.com
https://www.xtrendspeed.com/en-US
17 Midas Avenue, Olympus Dr, Pretoria, 0081, South Africa
https://www.facebook.com/Xtrend-Speed-50-100713755913960
The WikiFX Score of this broker is reduced because of too many complaints!
Keywords 5
5-10 years
Suspicious Regulatory License
Self-developed
Suspicious Overrun
High potential risk
Warning: Low score, please stay away!
2025-06-08
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
5

Basic Information

Registered Region
South Africa
Operating Period
5-10 years
Company Name
Rynat Capital (Pty) Ltd
Abbreviation
XTrend Speed
Company employee
--
Customer Service Email Address
support@xtrendspeed.com
Company address
17 Midas Avenue, Olympus Dr, Pretoria, 0081, South Africa

Chris4642

Unverified

Hong Kong

They require a proof of my address issued by my company, otherwise the payment will not be made. My address is recognized by the government, banks, etc. But the platform still requires the company to prove my address, and even if I provide the company's certificate, there is still no guarantee that I can withdraw money.

Exposure

2024-04-25

Alechef

Unverified

Vietnam

I made 8 withdrawal requests, all rejected!! They justify themselves by saying that my bank rejects the request! BEWARE. IT'S A SCAM.

Exposure

2024-02-15

dewasuling

Unverified

Indonesia

I've been using this app for a long time, but recently I created a new account and made a deposit to complete the mission. There were many interesting missions on Xtrend speed, but after withdrawing a few days later several features and missions were removed from the account. There was no notification or clear reason from SC Xtrend speed. I checked on my grandmother's account, and the feature was still there but on other accounts, it was removed. I traded on the old account again and managed to do WD once, but a few days later several features and missions on my account disappeared. There were still no warnings or notifications. Based on conversations with the personal manager, he couldn't explain a rational reason. He just said, "The event has ended". I checked my friend's account, and the features and missions were still there. I think the service on this app is no longer transparent and has a detrimental game and that is what decided me to stop trading on this app.

Exposure

2023-12-19

wedussss

Unverified

Indonesia

Withdrawals are always rejected for unclear reasons. Fraudulent site.

Exposure

2023-12-06

Kendrick Thoroughgood

Unverified

Pakistan

The website also lacks detailed educational resources, which is a bummer for someone like me who's always looking to up their trading game. And no 24/7 customer support? I've run into issues that needed immediate attention, and the limited availability was frustrating.

Neutral

2023-12-06

Peregrine Fairchild

Unverified

France

Been rolling with XTrend Speed for a minute now, and I gotta say, they got a solid offering. The range of markets is on point – over 280 instruments, including forex, commodities, indices, and shares. The STrader platform is smooth for both PC and mobile trading. I'm all about that copy trading life, and XTrend delivers with diverse strategies to follow. The low spreads and multiple communication channels for customer support are definite pluses. Overall, a good fit for traders looking for variety and user-friendly tools.

Neutral

2023-12-05

nup

Unverified

Mexico

I WAS NEVER ABLE TO WITHDRAW ANY OF THE CAPITAL PRIZES OR RECEIVE ANY OF THE AMOUNTS FROM THE SWEEPSTAKES OR USE THE CREDITS YOU WIN IN THE CONTESTS.

Exposure

2023-05-08

是筱娜娜呀

Unverified

Cambodia

Honestly, spreads on instruments offered by Xtrend Speed are average, and I am leaving it. However, customer service is great, just with high trading fees.

Neutral

2023-02-24

FX1200787341

Unverified

Venezuela

although the contents on the xtrend speed website looks professional, i see that it is not under any effective regulation. so I do not recommend trading here: the safety of money is the most important thing in forex trading.

Positive

2023-02-13

赵海霞

Unverified

Singapore

The deposit threshold is low, and you can start with only 10 US dollars, which is too attractive, but it is said that the withdrawal fee is relatively high. I am still hesitating and want to see if this platform is worth trading. What do you think?

Positive

2022-12-15

FX1159751706

Unverified

Malaysia

This broker platform is quite good for novices, and will provide some learning and analysis material videos to help novices get started. It is also good to see the quotations of some major currency pairs. I am very interested in this platform and will try it when the time is right.

Neutral

2022-12-14

Ritesh9608

Unverified

India

This is my customers id 62301107 I am ritesh shah Sir, my further complaint of 18th Oct. has not been resolved and t 26th Oct am facing new issue. Due to your system falut. And your system close my 2 trade. This time, to keep the margin of the trade in balance, I made the deposit. Deposit channel working. Even so, you people have not closed my trade. It is your company's policy to harass customers. Even today I saw a loss of 1471 usd due to your system failure. This is the way to play with your customers. On 18 Oct I saw a loss of round 5000 usd. And saw a loss of 1471 usd today on 26 Oct Due to the malfunction of your system. I want refund my amount due to your system falut Am attaching today sceen short. Your relevant department working on my complaint or not ? They dont have time replied to customer is this the company's way of cheating? This company earn money by this system They close deposit chennal when customer marzinge leval is low. Customer want to deposit but they do not add money by their xtrend earning system. They make folish to customer I have all proof. And uploading hear. And you want to talk with customer care. Those people will make us wait for 7 hours up. Is this company providing service? This is cheat company. Dont trust

Exposure

2022-11-01

FX2560884846

Unverified

India

customer care can't answer. email not answer. scammer this application

Exposure

2021-08-12

FX2770801058

Unverified

South Africa

I hate scammers really, I made profit and I awoke to my funds being taken from me.

Exposure

2021-06-23

FX2161934651

Unverified

Philippines

my entry time was at 6:27 am. up and down maeket was at 6:19-6:20.

Exposure

2020-10-30

15
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Sources
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Website

xtrendspeed.com
8.209.67.162
Server Location
Singapore
ICP registration
--
Most visited countries/areas
--
Domain Effective Date
--
Website
--
Company
--

Company Summary

XTrend Speed Review Summary
Founded2020
Registered Country/RegionSouth Africa
RegulationCySEC/FSCA (Suspicious clone)
Market InstrumentsForex, commidities, indices, shares
Demo Account
Leverage1:30-1:300
SpreadFloating
Trading PlatformXTrend Speed
Copy/Social Trading
Minimum Deposit/
Customer Support22/7 support
Live chat, contact form
Email: complaints@rynatcapital.com
Social media: WhatsApp, Telegram, Facebook, X, Linked, Youtube, Trading View
Regional RestrictionsAfghanistan, Albania, United States, Bahamas, Barbados, Belarus, Belgium, Botswana, Burkina Faso, Burundi, Cambodia, Canada, China, Cyprus, North Korea, Democratic Republic of Congo, Republic of Congo, Ghana, Gibraltar, Iceland, Iran, Jamaica, Jordan, Mali, Mongolia, Morocco, Mozambique, Myanmar, Nicaragua, Pakistan, Panama, Senegal, Sudan, Syria, Tanzania, Trinidad and Tobago, Uganda, Ukraine, Venezuela, Yemen, Zimbabwe, Rusia clients are not allowed

XTrend Speed Information

XTrend Speed is a suspicious clone broker, offering trading on forex, commidities, indices and shares with leverage up to 1:300 and floating spreads on XTrend Speed trading platform.

XTrend Speed's homepage

Pros and Cons

Pros Cons
Demo accountsSuspicious Clone licenses
Copy/social tradingNo MT4/MT5 platform
Multiple payment options
Live chat support

Is XTrend Speed Legit?

No. XTrend Speed is currently a suspicious clone broker. Please be aware of the risk! It also offers negative balance protection.

Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
Cyprus Securities and Exchange Commission (CySEC)Suspicious CloneRynat Trading LtdMarket Maker (MM)303/16
Financial Sector Conduct Authority (FSCA)Suspicious CloneRynat Capital (Pty) LtdFinancial Service Corporate23497
Suspicious Clone CySEC license
Suspicious Clone FSCA license
Domain information

What Can I Trade on XTrend Speed?

XTrend Speed offers trading on forex, commidities, indices and shares.

Tradable Instruments Supported
Forex
Commodities
Indices
Shares
Cryptos
Bonds
Options
ETFs
Forex
Commodities
Indices
Shares

Leverage

XTrend Speed offers leverage from 1:30 to 1:300. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Leverage

XTrend Speed Fees

XTrend Speed does not charge clients any additional fees for deposits, however there are charges for withdrawals. Further information is not specified.

3.5% fee is charged on Withdrawals by E-wallet/ Credit Card/Debit Card.

Fees for withdrawals via Sofort and wire transfer will be charged depending on the withdrawal amount and country and currency of the bank account.

More detailed info can be found via https://www.xtrendspeed.com/en-US/more/faq

XTrend Speed Fees
XTrend Speed Fees

Trading Platform

Trading PlatformSupported Available Devices Suitable for
XTrend SpeedMobile, PC, web/
MT4/Beginners
MT5/Experienced traders
XTrend Speed platform
XTrend Speed platform

Deposit and Withdrawal

Payment MethodsMinimum WithdrawalWithdrawal Processing Time
PayPal/Skrill/Neteller$20Instant
Nuvei/SecurionPay/Neteller/EcommPay2-3 working days
Sofort/Trustly/Ipay3-5 working days
Wire Transfer$1003-7 working days (Depends on EU/NON-EU countries)
Razorpay$205-7 working days

Deposit and Withdrawal FAQ
Deposit and Withdrawal FAQ

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Self-developed
  • Suspicious Overrun
  • High potential risk

News

Forget September Slump! S&P 500 Could Scale New Highs By Mid-2024, Predicts JPMorgan Strategist

News Forget September Slump! S&P 500 Could Scale New Highs By Mid-2024, Predicts JPMorgan Strategist

The stock market faced significant setbacks in September, with the S&P 500 Index, a broader seen since early June. Despite this, a market strategist remains optimistic about the medium- term outlook.

2023-10-07 18:14

Stock market today: Dow snaps 4-week losing streak amid mixed quarterly earnings

News Stock market today: Dow snaps 4-week losing streak amid mixed quarterly earnings

The Dow closed lower Friday, snapping a four- week win streak on mixed quarterly earnings ahead of results from big tech next week. The Dow Jones Industrial Average was 0.1%, or 22 points higher, the Nasdaq rose 0.1%, and the S&P 500 added 0.1%.

2023-06-21 11:07

Earnings season holds the key as FTSE 100 continues bullish run back towards 8,000

News Earnings season holds the key as FTSE 100 continues bullish run back towards 8,000

The FTSE 100 is closing in again on the 8,000-point milestone it breached for the first time ever earlier this year, with five weekly gains in a row close to putting the index in official bull market territory.

2023-06-13 18:23

S&P 500 Trades Lower With Possible Recession On The Horizon, China's Economy Grows

News S&P 500 Trades Lower With Possible Recession On The Horizon, China's Economy Grows

The S&P 500 dipped and the Nasdaq ended sharply lower on Wednesday after a growing wave of weak economic data deepened worries that the Federal Reserve's rapid interest rate hikes might tip the U.S. economy into a recession.

2023-05-06 18:42

S&P 500 Trades Lower With Possible Recession On The Horizon, China's Economy Grows

News S&P 500 Trades Lower With Possible Recession On The Horizon, China's Economy Grows

The S&P 500 traded lower on the week as the latest round of earnings reports suggest a recession could be on the horizon. On Monday, China reported its economy grew 4.5% in the first quarter, exceeding economist estimates of 4% GDP growth. China finally lifted most of its COVID-19 economic and travel restrictions in the first quarter, opening the door for the nation's highest economic growth since the first quarter of 2022.

2023-04-25 16:24

EU regulators extend the deadline for Microsoft, Activision deal to April 25

News EU regulators extend the deadline for Microsoft, Activision deal to April 25

EU antitrust regulators have extended their deadline for a decision on Microsoft (NASDAQ:MSFT)'s $69 billion acquisition of "Call of Duty" maker Activision Commission filing on Wednesday.

2023-03-02 10:09

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