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XPro Markets -

Score

2.21 /10
Danger

XPro Markets

South Africa

2-5 years

Regulated in South Africa

Financial Service Corporate

MT4 Full License

Regional Brokers

Suspicious Overrun

High potential risk

https://xpromarkets.com

Influence

C

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Comparison

Quantity 12

Exposure

Time Machine
Website

Score

Regulatory Index3.51

Business Index6.30

Risk Management Index0.00

Software Index9.26

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
2022-01-01
INVESTOR ALERT LIST
XPro Markets

Broker Information

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Company Name

Ukuchuma Financial Services (PTY) LTD

Company Abbreviation

XPro Markets

Platform registered country and region

South Africa

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! 3
Previous Detection : 2025-04-30
  • The number of the complaints received by WikiFX have reached 8 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 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

XPro Markets

South Africa

WikiFX Verification

Exposure

12 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

I don't see my money that I invested.

I invested 3472.00 dollars at the beginning they let me withdraw 1489.23 and then they told me no that if I withdrew VAT I would lose margin. I would have 3472.00 left when I went to withdraw. They started calling me not to withdraw it because I would have a loss. I made a process to withdraw from one moment to the next. The money was already there, according to them, they had lost it.

orlando9343
2024-02-01 00:23
Unable to Withdraw

I don't see my money that I invested

I invested 3,472.00 dollars at the beginning they let me withdraw 1,489.23 and then they told me no, if I withdrew more I would lose the money that was left. I had 3472.00 left but now my money is gone, only 248.24 left. They told me that if I didn't invest more I would lose the margin. A woman of Peruvian nationality calls you and tells you what to do. I made one last withdrawal but as you see in the image it was left uncompleted. They didn't let me withdraw

orlando9343
2023-12-06 12:14
Unable to Withdraw

I lost money

I lost my money with this platform. My name was a lady of Peruvian nationality who told me to invest a certain amount of 3,472.00. At first they let me withdraw money and then after a while they called me to say that I couldn't withdraw more because if I didn't lose the margin I would have to invest more. so as not to lose the margin. I don't know what to do, it was a lot of money, that's what I had, please, if you could help me, I invested that money with my partner.

orlando9343
2024-02-08 01:07
Scam

Fraud

Last November 2, a woman named Luna contacted me who claims to be a broker for the company and I agreed to invest with download said They say that later and they put me off and they don't even answer the phone. I already made a withdrawal request on the platform and no one gives me a solution after the second transfer. A few days later a person calls me saying that they scammed me and asking me for the investment details. account numbers and let her see the screen of my phone remotely, which I did not agree to give her any information and after that event is when they no longer give me an account of my money, they do not answer or messages, the numbers are still in the platform continues to reinvest but I don't have access to anything and I want to withdraw the money before they disappear since they don't give me a withdrawal solution. In a few words I asked to withdraw a certain amount and they hid from me.

Shorty276
2024-02-03 14:09
XPro Markets · Company summary
XPro Markets Review Summary
Founded2019
Registered Country/RegionSouth Africa
RegulationExceeded
Market Instrumentsforex, indices, commodities, shares, cryptocurrencies, and metals
Demo AccountNot Mentioned
LeverageUp to 1:400
SpreadStarting from 0.9 pips
Trading PlatformXPro Markets Webtrader
Min DepositNot mentioned
Customer Supportsupport@xpromarkets.com
+27870948672, +27101573383

XPro Markets Information

XPro Markets is an online forex broker that provides access to multiple financial instruments for trading, including forex, indices, commodities, shares, cryptocurrencies, and metals. The company offers four different account types with variable spreads and leverage of up to 1:400 through the WebTrader.

XPro Markets Information

Pros and Cons

Pros Cons
  • Allows for zero-commission trade
  • Exceeded regulation
  • Offers two account types and a demo account
  • Do not support MT4/MT5
  • Offers multiple assets to trade
  • Limited information on deposits and withdrawals

Is XPro Markets Legit?

XPro Markets once had a Financial Service Corporate license regulated by the FSCA. But it has already exceeded.

Regulatory Status Exceeded
Regulated by South Africa
Licensed Institution The Financial Sector Conduct Authority (FSCA)
Licensed TypeFinancial Service Corporate
Licensed Number32535
Is XPro Markets Legit?

What Can I Trade on XPro Markets?

XPro Markets offers many tradeable assets, including forex, indices, commodities, shares, cryptocurrencies, and metals.

Tradable Instruments Supported
Forex✔
Commodities✔
Metals✔
Indices✔
Cryptocurrency✔
Shares✔
Stock❌
What Can I Trade on XPro Markets?

Account Type

XPro Markets offers five types of accounts: Classic, Silver, Gold, Platinum, and Vip, with different leverage and spreads. But the company does not offer demo accounts or Islamic accounts.

FeatureCLASSICSILVERGOLDPLATINUMVIP
InstrumentsAll AssetsAll AssetsAll AssetsAll AssetsAll Assets
Swap Discount❌AvailableAvailableAvailableAvailable
Margin Call100%100%100%100%100%
Stop Out20%20%20%20%20%
Minimum Volume Per Trade0.010.010.010.010.01
Maximum Volume Per Trade5050505050
Negative Balance Protection✔✔✔✔✔
Free Support✔✔✔✔✔
Free Trading Education✔✔✔✔✔
Account Type

Leverage

XPro Markets offers a maximum leverage of 1:400 for all account types. When investing, notice that high leverage implies high returns, but also comes with high risks.

CLASSICSILVERGOLDPLATINUMVIP
FXup to 1:400up to 1:400up to 1:400up to 1:400up to 1:400
Silver & Gold (Metals)up to 1:200up to 1:200up to 1:200up to 1:200up to 1:200
Indicesup to 1:200up to 1:200up to 1:200up to 1:200up to 1:200
Commoditiesup to 1:200up to 1:200up to 1:200up to 1:200up to 1:200
Stocks/Equitiesup to 1:5up to 1:5up to 1:5up to 1:5up to 1:5
Leverage

XPro Markets Fees

XPro Markets allows for zero-commission trade. Different accounts of XPro Markets offer different spreads. The EUR/USD spread starts from 0.9 pips for VIP account.

CLASSICSILVERGOLDPLATINUMVIP
EUR/USD2.52.51.81.40.9
Gold2.82.82.321.4
Crude Oil2.82.82.321.4
Dax$0.14$0.14$0.13$0.12$0.10
XPro Markets Fees

XPro Markets's swap fees are applied at the end of each trading day. Notably, triple fees are charged on Wednesdays, while no fees are applied over the weekend.

For example, for AUDCAD, where AUD is the base currency, holding a long position overnight incurs a swap fee of -59.02 AUD, while holding a short position incurs a fee of -58.22 AUD.

XPro Markets Fees

Trading Platform

Trading PlatformSupported Available Devices Suitable for
XPro Markets Webtrader✔IOS and AndroidInvestors of all experience levels
MT4❌IOS and AndroidInvestors of all experience levels
Trading Platform

News

ExposureWikiFX Review: Traders need to understand the current situation of XPro Markets

XPro Markets is a South Africa-based broker. This broker claimed to offer clients a couple of financial instruments. It catches our attention because we recently received a complaint related to this broker. WikiFX has comprehensively reviewed XPro Markets from several perspectives.

WikiFX
2023-01-28 16:18
WikiFX Review: Traders need to understand the current situation of XPro Markets

ExposureXPro Markets Ignoring Withdrawal Requests

Unable to withdraw one’s funds is by far the most worrisome situation that a forex trader could face. Therefore, it is crucial to spend time doing your due diligence before engaging with any forex broker. Use the free database and platform of WikiFX to verify your forex broker at ease.

WikiFX
2022-08-08 18:00
XPro Markets Ignoring Withdrawal Requests
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向阳花59325
more than one year
一個朋友介紹我來的這個平臺，沒有想到是黑平臺，他們一直在勸我入金， 沒有想到我一直在虧，到了最後他們還不讓我出金。我在這裏損失了近5千刀，至今他們沒有給我任何說法。总之，千万不要在这个平台上入金。
一個朋友介紹我來的這個平臺，沒有想到是黑平臺，他們一直在勸我入金， 沒有想到我一直在虧，到了最後他們還不讓我出金。我在這裏損失了近5千刀，至今他們沒有給我任何說法。总之，千万不要在这个平台上入金。
Translate to English
2022-12-13 09:46
1
0
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FX1051863289
more than one year
As a beginner, I am very happy to find a good broker to study some forex trading knowledge. They offer trading e-books and interactive courses, which are very helpful for me to get started. But I still have some difficulties understanding part of them, so I have to ask their customer support, sometimes they can answer fast, but sometimes they can’t. Overall they are good.
As a beginner, I am very happy to find a good broker to study some forex trading knowledge. They offer trading e-books and interactive courses, which are very helpful for me to get started. But I still have some difficulties understanding part of them, so I have to ask their customer support, sometimes they can answer fast, but sometimes they can’t. Overall they are good.
Translate to English
2022-11-25 11:39
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