XL Forex Broker

Note: XL's official website: https://www.axswykfllwww.com/ is currently inaccessible normally.XL Information Jole International stated that it was established in Taiwan in 2011. It is a digital financial company that offers investors a range of transactions, including foreign exchange, cryptocurrencies, international crude oil, gold, silver, and other assets. However, the platform is not regulated.Is XL Global Legit？ XL is not regulated by any official regulatory platform. Lack of regulation means that the platform's funds and transactions are not protected or supervised by any official institution, which may expose users to trading risks. Downsides of XLUnavailable WebsiteXL's official website is currently inaccessible, indicating high information risk and a lack of stability for financial activities on this platform.Lack of TransparencyThere is a notable lack of information about XL available online. Missing details about deposit and withdrawal processes, commissions, etc., make it difficult for investors to make informed decisions.Regulatory ConcernsXL is not regulated by any platform, which could lead to various investment risks, such as fraudulent activities and fund misappropriation.Account Issue ReportedSome users have reported that their accounts were forcibly closed by the platform, indicating high account risk.Negative XL 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 was 1 piece of XL exposure in total as follows: Exposure 1. Account issueClassificationAccount issueDate2023-03-01Post CountrySouth Africa The user reported that XL is definitely a scammer broker, as the platform closed their trading account without any prior notification. Conclusion Overall, XL carries extremely high trading risks and is likely to be a scammer broker. It is not regulated by any platform, and its website is no longer accessible. It is advisable for users to choose other regulated platforms, as regulation can provide a certain level of assurance regarding trading safety and fund security.