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Score

1.68 /10
Danger

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/

Influence

B

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Comparison

Quantity 35

Exposure

Time Machine
Website

Score

Regulatory Index3.05

Business Index7.67

Risk Management Index0.00

Software Index4.58

License Index0.00

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

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

MY SCM
2021-01-01
INVESTOR ALERT LIST
Xtrade

Broker Information

More

Company Name

Xtrade international Ltd

Company Abbreviation

Xtrade

Platform registered country and region

Belize

Company website

X

Facebook

Instagram

YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 7
Previous Detection : 2025-04-29
  • 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!
  • The number of this brokers's negative field survey reviews has reached 2. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

Xtrade

Australia

WikiFX Verification

Exposure

35 pieces of exposure in total
Pyramid scheme complaint
Expose
Resolved

XTrade online trading is a Big Scam BEWARE

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!!!!!

FX4064762740
2024-06-28 14:30
Scam

XTrade Fraud

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.

Solange Peres
2024-09-13 00:50
Scam

Fraud by the assigned broker

On Facebook, it took me to the link www.Xtrade/es, so I decided to invest my money, I saw the experience and the regulation, but after the broker Jennifer Álvarez told me that my account was going to be super protected and the bonuses that capital I invested from my liquidation of the company that I worked for 21 years, now I can't work due to being sick, depression and anxiety and my money was in the bank without any profit and I agreed to invest because of the support Xtrade offers. And I have a recording from the broker where she gives me instructions to open operations where the capital was lost, for a total of 870,500 Mexican pesos. The entire week from October 19 to 27 I was in contact with her following instructions since I am not an expert in that type of investment and since the advertising was Carlos Slim. These are the amounts that were transferred through SPEI to SafetyPay. And the company that received them is ALPS INT according to the claim made to SafetyPay. 9,500.00 10/19/23 30,000.00 10/25/23 95,000.00 10/25/23 95,000.00 10/25/23 95,000.00 10/25/23 56,000.00 10/25/23 95,000.00 10/26/23 105,000.00 10/26/23 100,000.00 27 /10/23 100,000.00 10/27/23 90,000.00 10/27/23 Total 870,500.00

Alina 7719
2024-01-05 10:25
Unable to Withdraw

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

Ernie2810
2024-07-19 18:57
Sources
Data Source WikiFX Data provide
Updated: 2025-04-29
Xtrade · 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 APP✔Web, 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.

News

NewsASIC Bans XTrade Directors, Cancels AFS License

ASIC bans former XTrade directors Shay Zakhaim and Anthony Anderson and cancels AFS license due to financial law violations and immoral conduct.

WikiFX
2024-07-19 16:14
ASIC Bans XTrade Directors, Cancels AFS License

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

ASIC cancels XTrade.AU's AFS license after findings of client exploitation and regulatory breaches, leaving the company under review by AAT.

WikiFX
2024-06-06 17:53
ASIC Cancels AFS License of XTrade.AU Due to Client Misconduct

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2023-06-25 10:43
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2023-03-16 10:08
Investing in the Base Metal Market: What You Need to Know

NewsXTrade Online Trading: A Potential Scam? How to Identify and Find a Reliable Trading Platform

The article warns readers about the potential risks associated with the XTrade online trading platform, citing numerous complaints and exposés of the company. The platform has been accused of engaging in malicious liquidation, inducing risky operations, and withholding funds from investors. The article provides screenshots of victim testimonials and offers tips on how to identify and avoid dangerous trading platforms.

WikiFX
2023-02-22 14:45
XTrade Online Trading: A Potential Scam? How to Identify and Find a Reliable Trading Platform

NewsWikiFX Review: Why is the WikiFX score of XTRADE reduced recently?

XTRADE has more than 10 years of experience in the forex market. It is an online forex broker offering a wide range of financial instruments, including commodities, forex, indices, etc. However, recently we find out that this broker’s score is reduced and many traders feel upset about XTRADE. We are curious about the situation that XTRADE is currently in. Therefore, WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyze the reliability of this broker from specific information, regulation, exposure, etc.

WikiFX
2022-07-18 17:59
WikiFX Review: Why is the WikiFX score of XTRADE reduced recently?
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掌门
more than one year
Xtrade’s learning materials are pretty useful, and many traders ignore them as they are convinced that they have enough knowledge for trading. I’ve traded with Xtrade for almost one year now, I enjoyed its advanced and smooth trading platform, but you should also know that trading spreads are quite high, and sometimes you can even encounter slippage…
Xtrade’s learning materials are pretty useful, and many traders ignore them as they are convinced that they have enough knowledge for trading. I’ve traded with Xtrade for almost one year now, I enjoyed its advanced and smooth trading platform, but you should also know that trading spreads are quite high, and sometimes you can even encounter slippage…
Translate to English
2022-11-18 12:31
1
1
2
Daiki_Hashimoto
0-3months
- 取引条件が理解しやすい - 口座の選択肢が豊富 - 約定スピードが速い - カスタマーサポートがもう少し早ければなおよし
- 取引条件が理解しやすい - 口座の選択肢が豊富 - 約定スピードが速い - カスタマーサポートがもう少し早ければなおよし
Translate to English
2025-04-26 20:52
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