Score
10-15 years Regulated in Australia
Market Making(MM)
Non MT4/5 Software
Suspicious Scope of Business
High potential risk
Offshore Regulatory
Influence
B
Score
License Index8.26
Business Index8.36
Risk Management Index0.00
Software Index7.43
Regulatory Index8.23
Influence
B
Single Core
1G
40G
English
+44 2038074001
More
Company Name
XTRADE.AU PTY LTD
Company Abbreviation
Xtrade
Platform registered country and region
Australia
Company website
YouTube
Company summary
Pyramid scheme complaint
Expose
Capital
$(USD)
Unable to withdraw. A fraud group.
As long as you deposit fund, the customer service is positively. But when it comes to withdrawal, many process including letter and a file of information is asked for.
Deposit 20,000 US dollars, copy the order and only 180 US dollars left. When I want to withdraw money, the company's reply is that there is too little principal left and no money will be given.
Hi my name is Sithabiso Mhlakoana from South Africa. In 2017 I was scammed by 9 different brokers of a lot of money totalling to more than $8000. Most of the funds were paid online through my bank card. I do have proof of payments for all transactions as per attached bank statements reflecting all their names and transactions marked with a * They are.... Xtrade 24Option OptionsXO Plus Option Plus 500 Innovate Markets Allied Master Trade BullaBear Binary Tilt
Luckily, I just deposited $210. This is a fraud platform
As soon as I applied for the deposit, the manager submitted a reverse order, which made me lose 20,000 yuan within a day. I lost all my money. It’s a scam and bad platform.
I just want to withdraw $968 every week and there is no way! After that, the amount of 968 US dollars is disappeared from my withdrawal project! The customer service didn't respond, and the specialist's LINE is stay on unread. Who should I contact?
It’s normal to verify in the broker. I’ve offered relevant documents according to their requirements, but I can’t pass their verification. I used the debit card to transfer money but the debit card can not show your name, neither can the bills. So I sent a consumption voucher which includes my card number and name. But they still refused to allow my withdrawal because here was no name with my card. And then they just ignored my problems. Now, I can deposit funds but can not withdraw funds. If you wanna invest with this broker, please think twice.
These people are really depressed, my deposit is only 36500, now I have no money, the operation broke down.
This stipulation hasn’t been mentioned when I deposited fund. Actually, as long as I haven’t traded for months, the platform will charge $50 maintenance fee monthly. Take heed on it.
the manager ordered me to make entry trade base on their signal and prohibit me to use tf and sl. it losses all my account.... after that they can never contacted. the one who used to call my a d contacted me in telegram can no longer be contacted. she even deleted our telegram conversations.
I made a deposit of USD 500 on 2021/6/17. I wanted to give it a try, and then the investment manager said that he would take me step by step to use the tool. He still say that Ihave no experience at all. It doesn't matter that he will teach me, but he said that his method is to make me earn some small income. He also said that if I want to make a lot of large sums of money, it is less suitable for him, and then he introduced me another deposit of USD 4,500, a total of $5,000. I foolishly thought that I could make money. The first few times he asked me to buy, I made a profit. Once he asked me to buy, I went all the way down. I was scared to find him and got nothing. After 2 days, I lost more than 3,000. He finally replied, saying that I don’t need to worry. I bought 2 more times. I don’t doubt that I trust him. As a result, I had liquidated more than -7000 positions within 25 minutes and was forced to liquidate a sum of USD 5,555. Later, I couldn’t find the manager anymore. He didn't read anything, and didn't answer the phone. I realized that I was scammed! I actually believe that he said that as long as I make money, he will make money too! Even if he lie to me, we lie to the new users. Finally you couldn’t bear it! I haven’t made any withdrawal yet, because I have seen a lot of comments about Xtrade saying that it is difficult to make withdrawals. I used a credit card to deposit funds. I think my withdrawal should be delayed by that time, or I will be unable to withdraw like everyone else. I sincerely hope that everyone will choose a good platform and a formal platform without scams.
Right after withdrawing $ 10,500, they restricted my account and did not allow me to enter it. You can see the initial deposit I made from there
I deposited 20 grands but cannot withdraw because they say that they need to upgrade the account by sending 25 grands. They can release the pofit. Please help me. I already deposited 20 grands
I thought I found a good broker until I wanted to withdraw my funds and I was slammed with different kind of fees to be paid . this is no different from other scam companies Wiki said we should stay away from . The engagement with the experts at Fintrack/org saved my investment and profits from vanishing. if you are trying to invest with xtrade , stay clear and put your money somewhere else
At the beginning, it was said that all operations were carried out by professional managers, and there were also supervisory managers who made money only when placing orders. Therefore, they would first determine the profitable investment before reporting to the customer to place the order. After the order is placed, there is also a supervision situation. If something goes wrong, the customer will immediately ask customers to withdraw their positions to reduce their losses, gain trust in the way of friends, and make sure that novice customers will have complete teaching and will have bonuses for deposits. If the loss is to use the bonus, it was originally said that it was operated by a professional manager. Some supervisory managers make money only after placing orders, so they will first determine the profitable investment before reporting to the customer to place the order. After the order is placed, there are also supervision conditions. If there is something wrong, the customer will immediately ask the customer to withdraw the position to reduce the loss. The way to gain trust also confirms that the novice customer will have a complete teaching and there will be a bonus for the deposit. If the loss is to use the bonus, the loss will not affect the amount of the deposit. At the beginning, it was all operated by professional managers and also earned by supervisory managers. Only when you place an order, you have money, so you will first determine the profitable investment before reporting to the customer to place the order. After the order is placed, there is also a regulatory situation. If there is something wrong, the customer will be asked to withdraw from the position to reduce the loss. Novice customers will have a complete teaching and there will be bonuses for deposits. If the loss is to use the bonus, the loss will not affect the amount of the deposit. I did not tell if the bonus will be withdrawn. After that, the withdrawal manager will immediately provide wrong investment information and cause the account to be serious After losing money and unsuccessful, it does not respond to users. Is there any way for a completely fraudulent company to assist in joint reporting and return the hard-earned money...
WikiFX Data provideXTRADE 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.
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