XZDL Global foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.xzdl-fx.com/, about the company's legal and temporary regulatory information, the company's address .
Xzdl Global, officially known as Xzdl Global Capital Co., Ltd., was established in 2022. The company is headquartered at Floor 1 Office 25, 22 Market Square, London, England, E14 6BU. As a privately held entity, Xzdl Global positions itself as a forex broker catering to a diverse clientele, primarily focusing on retail traders across various global markets.
Since its inception, Xzdl Global has aimed to provide competitive trading conditions and a user-friendly trading experience. The broker has developed its proprietary trading platform, known as fx6, which supports both desktop and mobile trading. Despite its relatively short history, Xzdl Global has opened over 100,000 trading accounts, serving clients from 73 different countries.
The business model of Xzdl Global operates under the straight-through processing (STP) model, allowing direct access to the interbank market for its clients. This model is designed to facilitate seamless transactions without the interference of a dealing desk, thereby ensuring faster order execution and better pricing for traders.
Xzdl Global operates without any valid regulatory oversight, as it is not regulated by any major financial authority. The Financial Conduct Authority (FCA) in the UK has issued warnings against Xzdl Global, indicating that it might be providing financial services without proper authorization. The lack of regulation raises significant concerns regarding the safety of client funds and the overall reliability of the broker.
The broker does not provide specific regulatory numbers or valid licenses, and it operates as an unregulated entity. This puts clients at risk, as there are no legal protections in place to safeguard their investments. Furthermore, Xzdl Global claims to implement Know Your Customer (KYC) and Anti-Money Laundering (AML) measures; however, the effectiveness of these measures remains questionable given the absence of regulatory oversight.
Client funds are reportedly kept in separate accounts, but without regulatory supervision, the security of these funds cannot be guaranteed. Additionally, Xzdl Global does not participate in any investor compensation schemes, which further heightens the risk for traders.
Xzdl Global offers a variety of trading products, including access to over 90 trading instruments across six asset classes: currency pairs, cryptocurrencies, indices, metals, commodities, and energy resources in CFD format. The broker provides trading in 41 currency pairs, with major pairs such as EUR/USD and USD/JPY being the most popular among traders.
In addition to forex, Xzdl Global allows trading in CFDs on commodities like gold (XAU/USD) and silver (XAG/USD), as well as energy products such as West Texas Intermediate (WTI) and Brent crude oil. The leverage offered by the broker can go up to 1:400, allowing traders to amplify their positions significantly.
While Xzdl Global's product offerings seem extensive, there is no indication of frequent updates or the introduction of new trading instruments. The broker primarily focuses on retail trading services, with no mention of institutional client services or white-label solutions.
Xzdl Global utilizes its proprietary trading platform, fx6, which is designed for both desktop and mobile devices. The platform supports algorithmic trading and provides access to a range of trading tools and features. However, it does not support popular third-party platforms like MetaTrader 4 or MetaTrader 5, which may be a drawback for some traders.
The fx6 platform is accessible via a web-based interface, allowing users to trade directly from their browsers. The mobile application is compatible with both iOS and Android, enabling traders to manage their accounts and execute trades on the go.
Xzdl Global claims to offer market execution of orders, ensuring that trades are executed at the best available prices. The broker's infrastructure is reportedly backed by top liquidity providers, although specific details regarding server locations and technological capabilities are not disclosed.
Xzdl Global offers a single standard account type for trading, with a minimum deposit requirement of $1. The trading conditions include variable spreads starting from 1.6 pips, but there are no specific details provided regarding commissions. The leverage available to clients can reach up to 1:400, which is applicable across all asset classes.
While Xzdl Global does not offer specialized accounts such as VIP or Islamic accounts, it does provide a demo account for new traders to practice their skills without financial risk. The minimum trading lot size is set at 0.01, and the broker does not provide a swap-free service.
Xzdl Global supports various deposit methods, including bank transfers, credit/debit cards, and online payment systems. The broker does not specify a minimum deposit for different account types beyond the general requirement of $1.
Deposits are typically processed quickly, but specific processing times are not detailed in the available information. There are also no explicit fees associated with deposits; however, clients may incur charges from their payment providers.
Withdrawals can be made through the same methods as deposits, but clients must be verified before initiating a withdrawal. The processing times for withdrawals are not clearly stated, leading to potential delays. Moreover, Xzdl Global does not provide transparent information regarding withdrawal fees, which can vary depending on the chosen method.
Xzdl Global offers customer support through various channels, including email and an online chat feature. The support team is available 24/7, providing assistance in multiple languages. However, the responsiveness of the support team has been criticized, with reports of slow reply times during peak hours.
In terms of educational resources, Xzdl Global's offerings are limited. The broker provides basic trading terminology and market analysis but lacks comprehensive educational materials such as webinars, tutorials, or in-depth courses. Traders seeking extensive educational content may need to look elsewhere.
Market analysis services are available, providing clients with daily updates and research reports. However, the depth and quality of these analyses are not detailed, leaving traders to evaluate their usefulness independently.
Xzdl Global primarily serves clients worldwide, with a notable presence in 73 countries. However, the broker is not available in regions such as Singapore, where regulatory restrictions apply. The specific distribution of regional offices is not disclosed, and the company maintains a low profile regarding its operational footprint.
Potential clients should be aware of the countries where Xzdl Global does not accept clients, as engaging with an unregulated broker can pose significant risks. The lack of transparency regarding operational regions and restrictions further emphasizes the need for caution when considering trading with this broker.
In conclusion, while Xzdl Global presents itself as a competitive option in the forex brokerage space, the absence of regulation and the associated risks should prompt potential clients to conduct thorough due diligence before engaging with the broker.
FX1704855645
Hong Kong
Been using it for a bit now, and I'm pretty happy with it. The whole thing about them being upfront with their audits is cool—it makes me feel like I can trust them. Also, trading without having to pay spreads is awesome; it saves me some cash. The platform's easy to use too.
Positive
2024-06-21
Lubanzi
South Africa
XZDL Global seriously impresses with their spreads. They're not just good, they're incredibly low. Spreads are a hidden cost many traders overlook, thinking a few pips here and there won't matter. But those "few pips" add up fast, turning into significant costs over time. Thanks to XZDL Global, I'm saving on those hidden fees.
Positive
2024-05-08
Contter
United States
XZDL Global's been around for less than a year, so I'm a bit skeptical about their expertise. But their trading platform is so user-friendly, it's really tempting me!
Positive
2024-07-26