XCOQ Forex broker specializes in providing foreign exchange trading services, the company's official website https://crm.xcoq.com/account/open, the company's legitimate regulatory information AustraliaASICInstitution Forex License (STP), to enhance the security of the company's address .
XCOQ Forex Broker
Basic information
New Zealand
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Note: XCOQ's official website: https://www.xcoq.com/ch/ is currently inaccessible normally.
XCOQ Information
XCOQ is an exchange registered in New Zealand since 2011. The platform has been flagged by ASIC as a “Suspicious Clone,” and its official website cannot be accessed. Therefore, spanading on this platform poses extremely high risks.
Is XCOQ Global Legit？
XCOQ has been marked as a “Suspicious Clone” by the Australia Securities & Investment Commission, indicating high risks such as fund fraud and false advertising.
Downsides of XCOQ
- Unavailable Website
The official XCOQ website is currently inaccessible. Clicking on the official website link https://www.xcoq.com/ch/ displays a “domain name not found” message.
- Lack of Transparency
Since the XCOQ website cannot be accessed, there is no official information available about the platform from authoritative sources. This makes it difficult for investors to make informed decisions or conduct trades.
- Regulatory Concerns
XCOQ being labeled as a “Suspicious Clone” by the Australia Securities & Investment Commission suggests potential misleading practices, false advertising, and extremely high trading risks.
- Withdraw Issues
Several users have reported that they have encountered withdrawal problems on this platform.
Negative XCOQ Reviews on WikiFX
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there are 6 pieces of XCOQ exposure in total. I will introduce 2 of them.
Exposure 1. Unable to withdraw
| Classification | Unable to withdraw |
| Date | 2018-12-16 |
| Post Country | Hong Kong |
The user reported unsuccessful withdrawal attempts from the platform, despite assurances from staff that it would be processed by December 15th. Two months later, the user had still not received the funds.For more details, visit:
https://www.wikifx.com/en/comments/detail/208127591316174.html
Exposure 2. Unable to withdraw
| Classification | Unable to withdraw |
| Date | 2018-11-21 |
| Post Country | Hong Kong |
Another user reported unsuccessful refund attempts. The platform appears to be preparing to abscond, and the user cannot withdraw approximately $1000.For more details, visit:
https://www.wikifx.com/en/comments/detail/208128924415330.html
Conclusion
Trading on the XCOQ platform entails considerable hazards stemming from its classification as a “Suspicious Clone” and a plethora of unfavorable user testimonials highlighting difficulties with withdrawals. This platform poses a high risk of being a scam, and investors are advised to choose other regulated platforms.
Rating Index
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Latest Reviews
FX1029456483
Hong Kong
The withdrawal was said to be delayed to December 15th.I still haven’t received the fund yet for 2 months.
Exposure
2018-12-15
造梦者
Hong Kong
In June this year, I deposited 4,000 US dollars in XCOQ and the trading account 630240. I lost a great deal and less than a thousand dollars left. In October, the platform announced to withdraw from the Chinese market, and asked the investor to close orders out and withdraw money. But my balance has been deducted while I have not received the money until now. The customer service personnel said the money would arrive at most on December 15th, and the mail also showed the same date. But the money has not been received, and they don’t reply my email in recent days. They customer service personnel make no answer. Is it ready to run. I have lost so much, and they still do not allow me to withdraw the rest small money
Exposure
2018-12-15
造梦者
Hong Kong
For more than two months, they said seriously that the money would be withdrawn successfully at the latest on December 15th. But as of today, I have not received the money. They do not give reasonable answer. There is no integrity.
Exposure
2018-12-16