Xtrader365 brands itself as a secure trading hub of unparalleled quality. The company asserts that community welfare is its top priority, and its support team is committed to assisting even the most inexperienced traders. Additionally, the broker promises access to unforgettable events and insights. However, online reviews about it are quite diverse.
Despite providing a Cypriot address as its official location, the company remains reticent regarding legal information and licensing details. Furthermore, the project refrains from disclosing its founding date and remains silent about its owners and team. So, is it safe to trade with this broker?
How to Trade
Regrettably, Xtrader365 overlooks a crucial aspect — the provision of a demo account. Consequently, traders must initiate their platform exploration directly with a real account. The company’s demands are notably ambitious. For instance, the initial account requires a substantial deposit of $10,000, offering clients access to round-the-clock support, daily market analysis, video content, and daily recommendations.
Moving up the ladder, the “Gold” account demands an even heftier deposit of $25,000, with the sole additional feature being VIP Support. The distinction narrows further, with the Xtrader365 “Platinum” account, introducing hedging and requiring a minimum deposit of $50,000. Finally, the VIP account promises the exclusivity of a personal manager, though details about promised events and educational resources remain elusive.
Xtrader365 Vital Info
Xtrader365 keeps its legal details shrouded in mystery. The broker fails to disclose the jurisdiction of its legal entity registration anywhere on its website. Furthermore, crucial information about whether the broker has obtained any licensing remains conspicuously absent. Despite listing an office address in Cyprus in its contacts, a check against the relevant registry reveals no registration of a company with that name.
Adding to the uncertainty is the broker’s relatively brief operational history. Unfortunately, it commenced operations quite recently, and this lack of longevity may be the reason behind the absence of any specified dates. Notably, a Whois service inquiry revealed that the broker’s website was established in August 2023. Intriguingly, reviews about the project began surfacing around the same period.
The combination of undisclosed legal information and a recent market entry raises concerns, urging caution and thorough due diligence when considering Xtrader365 as a trading partner.
I got pulled into the fake company Xtrader365. A manager contacted me, guided me through the registration and deposit stages, and then disappeared. The number he used is no longer available. The email and phone numbers listed on the website turned out to be non-functional. The email even gives messages that the address physically doesn't exist. I send a message from Gmail, wait for some time, and then Gmail notifies me that my email was not delivered because the address I specified does not exist. Has anyone experienced this? How did you find contacts?
Yuppy. It's been 3 weeks, and the withdrawal hasn't been processed yet. How should I understand this? Does anyone have a trading account here, and is the balance working normally? Is the withdrawal process smooth for you, or is it as problematic as mine? Besides, I can't even contact company representatives, as if they don't exist. So, I don't know what to do. I don't want to lose money; there's over $1,000 on the balance. Still can't retrieve it. Please help...
Recently started working on the Gold tariff! Still getting used to the new broker! Overall, everything is fine! But recently had my first interaction with customer support regarding a stuck closing order that, for some reason, wasn't executed, causing me losses. Wrote to xtrader365 support about it, and the specialists quickly responded in a message. They took the time to investigate the situation and resolved it positively in my favor within a few hours. They compensated for all my losses, apologized for the situation, admitting that the issue was indeed on their side. Very friendly managers. I've encountered similar situations with other brokers before, and usually, they don't take responsibility for such cases. Here, they pleasantly surprised me!!!!
Everything would be okay with Xtrader365, but the cash flow works in only one direction – deposit replenishment, especially convenient with crypto, which is untraceable. When you try to create a withdrawal request, they ignore you. The request hangs for days, and nothing happens. Went online to see what to do in such a case, turns out I'm not the first. They suggest trying the chargeback procedure, but as I understand, in the case of depositing with crypto, it won't work :(
A few weeks ago, I had the "pleasure" of receiving a call from representatives of this company from an unknown number. During the conversation, a young man tried to persuade me to start trading on the currency market, telling me about the prospects of earning from currency exchange rates. He asked about my income level, whether I had enough money, and if I wanted to start earning big profits through trading. I didn't like the dialogue, so I unilaterally terminated it. After that, I received similar calls from the same employee using psychological pressure and manipulation tactics. During one of these calls, I asked him: "Why don't you use the opportunities of your Xtrader365 company yourself and earn from trading, instead of calling people who are not interested in it, wasting your time?" The employee immediately began to talk about how he actively trades on the market, with very high incomes, mentioning several thousand dollars a month, comparing it with my income level, which I hadn't disclosed to him. However, when asked why, with such earnings from trading, he spends time trying to involve me in trading, calling several times after receiving a refusal, he didn't provide an answer. This caused a strong feeling of antipathy and the imposition of a service.
Xtrader365 operates officially under license from the Cyprus regulator, providing confidence in fund security and the reliability of transactions. A vast number of traders from different countries choose this platform and entrust their deposits to it. I see no problems here. I'm glad that access is not restricted to users from the UK, and there are no issues with the terminal's operation on tablets or smartphones; all the functionality works perfectly.
It's easy to verify the truthfulness of their statements; all lies quickly surface. Xtrader365 is a scam.
Very obvious signs of fraud that can be seen at first glance on the website. xtrader365 can harm someone, causing financial and moral losses. they target trusting people without critical thinking……