The project belongs to the South African investment firm Ukuchuma Financial Services, which is regulated by FSCA – the Financial Services Authority of South Africa. In any case, this is what the intermediary claims on its website. However, there are no documents confirming this information.
Is this platform really “the perfect place for your trading career” as its owners claim? Should you invest in this project? You will find out in our XPro Markets review, in which we explore the activities of this broker.
How to Trade
The brokerage company specializes in CFD and Forex. The broker offers users a proprietary terminal and mentions MT4. You will get instant access to more than 10,000 assets. You can use the following offers for trading:
- 5 trading plans.
- 6 markets, including indices and stocks.
- Minimum deposit of 250 EUR/USD.
- Leverage up to 1:400.
- Spreads from 0.03 pips depending on the asset.
You can top up your account using bank cards or transfers. The minimum withdrawal amount is $10 on a card and $100 by bank transfer.
Traders can access real-time market reviews, an economic calendar, and automated AI analytics. The broker has 5 accounts on different social networks.
XPro Markets Vital Info
The owners of the site say that their “young project has won the trust of more than 10 thousand traders around the world. However, the start date of the brokerage resource is not mentioned in the “About Us” section of the site. We had to deal with this secret information on our own. So, the domain was created in 2019, but the first snapshots in the web archive appeared on March 10, 2022. Presumably, the platform began working with clients no earlier than spring 2022.
We checked the registration of the management company from South Africa. It turned out that the company UKUCHUMA FINANCIAL SERVICES (PTY) LTD with FSCA license number FSP32535 is indeed registered in South Africa. However, it is not related to CFDs at all, but specializes in bonds and funds. Besides, neither this organization nor IGM Forex Ltd from Cyprus with the CySEC license (309/16), which the intermediary writes about in the footer of the website, have any relation to the XPro Markets brand and to the xpromarkets.com website. Most likely, the hero of our review works without registering a legal entity.
Scammers stole 638 dollars from my wallet, I lost faith in the possibility of making money on forex because of cooperation with this scam project. This pseudo broker ruined all my plans and dreams about earning on financial markets. Do not repeat my mistakes. Otherwise you risk being left without capital. There is no possibility to withdraw profits!!! the platform works exclusively for input.
I can't even withdraw 100 euros, none of the withdrawal methods have been working for 2 months. Fucking scam, these scammers keep telling me that they are about to fix it. I don't believe it anymore, they are just thieves!
Access to leveraged trading across 6 asset classes is a really great opportunity that allows traders to diversify their strategies and use different instruments :) However, the high trading commissions and the presence of additional service fees at xpromarkets.com unfortunately scared me off. These costs can significantly reduce the overall profitability of transactions and make trading less profitable :( Despite the wide range of assets and attractive leverage conditions, high commissions create obstacles for more active trading. I hope that XPRO MARKETS will review its commission policy and make trading more affordable and attractive for its clients.
These scammers know how to advertise themselves very well. They made a beautiful website and wrote on it fictitious data about the registration and licenses of companies from Cyprus and South Africa. And indeed, you can fall for the bait and miss the most important stage of working with any broker. Here I mean checking information about it. Managers convince people to invest here as much money as possible, using all kinds of psychological tricks. But when you open an account here and make a deposit, you immediately burn the whole amount in the fake terminal. And you won't be able to contact any of the XPRO MARKETS managers - you have given them your money, which means that their real work is over, they don't need you anymore. So, I lost about 4 thousand dollars here.
I have been trading in the Xpro markets terminal for 3 months now. I chose the proprietary platform because I liked its functionality much more than MT4. The only disadvantage of WebTrader is that it is not designed for passive strategies. In any case, you need to trade here yourself, which is what I did. I funded my account without commission and the money arrived within an hour. I was not satisfied with the spreads on the main currency pairs, but you can trade gold and stocks on favorable conditions. I withdrew the first money without commission, as promised on the site.
Anyway, don't believe the scammers from this company. I believed them, and as a result I lost here more than 12 thousand dollars on fake trades and on the fake help of a personal manager,whose task was to persuade me to lose as much money as possible, that is, to take more money out of my pocket and put it in his. However, they are experienced professionals who managed to deceive me by playing on my greed and inexperience at the same time. Therefore, I want to warn everyone that these are experienced cheating psychologists who know how to find weaknesses and competently press on them. You should not communicate with crooks if you suddenly get a call from XPro Markets representatives.
I registered at XPRO MARKETS through a link of a trader I know, he recommended this broker to me. I have been trading for not so long at xpromarkets.com, but in general I am satisfied with the service. But there are frequent slippages and the web platform does not always work quickly. At the same time, the commissions, leverage and execution speed suit me. The choice of trading instruments is also good, for example, a wide range of stocks. Recently, I had problems logging into my personal cabinet (I forgot my password), and the support service promptly helped to solve the problem. I didn't even have to call, they helped me via online chat. The intermediary withdrew my first 130 dollars quickly, the operators did not charge any commissions. I have earned a little bit yet, and I haven't withdrawn large sums yet, but I hope for honest long work of this company.
This broker is not suitable for passive trading, except for copying trades. But I am satisfied with the trading conditions of the platform. I started with $420 and now I have 3 accounts with a total balance of $1,112. You will have to make transactions all the time because account maintenance fees start to be deducted from the second month of inactivity. To avoid the fee, just open/close at least one position per month. There have never been any delays in depositing or withdrawing funds - everything happens in accordance with the XPro Markets regulations. Documents were checked quickly, so I was able to start trading on the day of registration.
Do not invest in this scam, I am telling you this from personal experience. I lost almost 5,740 dollars due to cooperating with these scammers. I tried to contact the regulator but to no avail.
This broker has all the signs of a scam - anonymity, no legal basis for brokerage in the US. I found a lot of negative reviews about this site. I should have studied the project more carefully before investing 320 euros in it. And now I can only write complaints and angry reviews.... I can't do anything else...
The managers were kind to me when I met them, they told me everything and showed me everything. I danced like a fool to their fraudulent song and I gave all my money, I thought they were professionals until I realized that I was just losing money when I traded on the recommendations and advice of these crooks. All transactions, well almost all, turned out to be in the red, and my deposit quickly ran out. In the end I decided to withdraw the money, but the withdrawal was not made for the reason that I did not pass identity verification, and in order to pass it, these scammers need to check my documents, but they do not do it. Now they do not even get in touch with me. They don't answer anywhere, neither in messengers nor by phone. Here is the real story of the scam, and don't invest in Xpro markets, you have already realized why. I regretted doing it, I lost €8,740, and had a bitter experience.
I trusted this company because I read a lot of positive reviews and articles online about this broker. I felt like it was a trustworthy organization that I could trust with my money, but I was wrong and that mistake cost me $1,470. This site is filled with a lot of fake information and misleads traders. Unfortunately, this is exactly what I fell for. Meanwhile, the fraud scheme of these scammers is very simple. You can top up your account, but you will not be able to withdraw funds. According to the regulations, it takes from 8 to 10 days to process a withdrawal request. This is a very long time. During this time the scammers from “XPro Markets” will have time to come up with a lot of excuses to steal off your deposit. I made a withdrawal request more than a week ago, and where is it?!!! I don't think these crooks will give me anything back. So I advise you to always check where you deposit your money.
A broker makes promises and then fails to deliver. I lost $2.8k and it was just a blow to the head for me. I was hoping that I could make big profits with Xpro markets by trading under the wing of professionals, but they cheated me cruelly. They stole all the money from my account in just a couple of hours and don't want to be held responsible for the losses. At the same time they refer to the fact that when registering I agreed to their terms and conditions of the brokerage company and the lack of guarantees.
This is not a real broker. It is a SCAM. However, I fell for this bait. I read reviews from supposedly real traders and threaded discussions on forums. Now I realize that the reviews and posts were most likely bought, but at that moment I thought that I had found a great brokerage company to cooperate with. However, this turned out not to be the case. The terminal on xpromarkets.com is terribly slow and gives quotes that have nothing to do with the real market. It was immediately clear to me that all of this was an illusion, and in fact the company's clients do not have access to real trading, but only watch “cartoons” that the scammers show them. And, of course, they show your drawdown, and the money ends up in the pockets of these scoundrels.