Is XTRADEExchange a scam or legit broker? Read Review – Getmoneyback
XTRADEExchange Scam Review is an offshore or unreliable broker which is not regulated by any reputed regulation authority in its region. This broker offers trading and investment services in many countries without having a license from any regulatory authority in its country like CySec, ASIC, FCA, CNMV, etc. The broker got many Complaints and negative Reviews and other possible scam features can also be the reason. Your funds may not be safe if you are trading with this broker
Website – https://XTRADEExchange.com
Warned By – FCA, FINMA, SEC, FMA, ASIC
Despite XTRADEExchange attempts to look legit and trustworthy, we can’t disregard the alerts that the broker giving us. There are many brokers like it, and we can quickly recognize the kind of specialist we were dealing with by stepping into the site. We also reviewed comparative-looking broker sites in our scam broker list, the vast majority of them are unlicensed and obscure. Find more about the scam broker in our review list
Introduction
XTRADEExchange operates under an anonymous offshore setup further adds to the skepticism surrounding it legitimacy. Reputable financial service providers are transparent about their identities, locations, and regulatory affiliations, which they appears to lack. which raises questions in contradiction. Furthermore no essentially laws and regulations in place
Possible scam activities:
- The broker may have made a number of false claims through its website.
- This broker provides you good chances of making profits and when you decide to withdraw your money, they will state their illegitimate rules of withdrawals and ultimately you are not able to make withdrawal.
- Broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes name and website URL without any notice to existing traders.
Negative Reviews and Complaints
XTRADEExchange.com has got many negative reviews and traders who traded with this broker have raised many complaints against it. Yourscamreport has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed this broker in the list of scam brokers.
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