XCOQ Forex Broker

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, trading on this platform poses extremely high risks.Is XCOQ Global Legit？ Australia Securities & Investment Commission Current StatusSuspicious Clone Regulated by Australia License TypeInstitution Forex License (STP) License No.328866 Licensed InstitutionTOP 500 SEC PTY LTD 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 ClassificationUnable to withdraw Date2018-12-16 Post CountryHong 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 ClassificationUnable to withdraw Date2018-11-21 Post CountryHong 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.htmlConclusion 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.