xPartners Forex Broker provides real users with * positive reviews, 2 neutral reviews and * exposure review!
Business
License
CYSEC Suspicious Clone 
I saw someone on this page saying that the transaction fee is high, so I went to the company's website to have a look, omg it's really high. Isn't this stealing money?
Extra fees, high trading fees, I won’t be so foolish to trade with this broker. Not professional and transparent at all, self –contradictory… does this platform really know what they are doing?
Summary: The xpartners review reveals a mixed picture of this forex broker, which has been operational since 2014 and is regulated by CySEC in Cyprus. While it offers a range of trading instruments and the popular MT5 platform, user experiences often point to high spreads and additional fees that may deter potential traders.
Note: It's essential to consider that xpartners operates under various entities across different jurisdictions, which may impact the trading experience and regulatory protections available to users.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 6 |
| Customer Service and Support | 6 |
| Trading Experience | 5 |
| Trustworthiness | 4 |
| User Experience | 5 |
We evaluate brokers based on a combination of user feedback, expert analysis, and factual data from credible sources.
Founded in 2014, xpartners is a forex broker operated by Goldenburg Group Ltd, which is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker provides access to the MetaTrader 5 (MT5) trading platform, known for its advanced charting tools and automated trading capabilities. Traders can engage in various asset classes, including over 60 forex pairs, commodities, and indices. Despite its regulatory status, concerns about high spreads and additional fees have been raised in multiple xpartners reviews.
xpartners is primarily regulated by CySEC, allowing it to operate within the European Union. However, it is not permitted to accept clients from the USA, Canada, or Japan, which may limit its appeal to some traders.
The broker supports deposits in multiple currencies, including USD, EUR, and GBP, but does not accept cryptocurrencies. The minimum deposit requirement is set at $250 for bank transfers, while it is lower at $100 for credit/debit card transactions. However, withdrawals are limited to bank wire transfers, with a minimum withdrawal amount of $250, which many users find restrictive.
Currently, there are no notable bonuses or promotions highlighted in the xpartners review, which may be a disadvantage compared to other brokers that offer incentives to new clients.
xpartners offers a diverse range of financial instruments, including forex pairs, commodities, indices, and CFDs. However, the high spreads, particularly around 3.0 pips for major currency pairs like EUR/USD, have been cited as a significant drawback in user experiences.
The spreads at xpartners are notably higher than industry standards, with typical spreads around 3.0 pips for EUR/USD. In addition to spreads, users may encounter various fees, including a dormant account fee of €40 per month, which can add to the overall cost of trading. This lack of transparency regarding additional costs has raised concerns among users.
xpartners offers maximum leverage of up to 1:500, but this may vary based on regulatory restrictions, particularly for clients classified as retail traders under ESMA guidelines, which limit leverage to 1:30.
The broker provides access to the MT5 platform, which is widely regarded for its user-friendly interface and comprehensive trading tools. However, it appears that MT4 is not available, which may be a consideration for traders who prefer that platform.
As mentioned earlier, xpartners cannot accept clients from the USA, Canada, and Japan, which may limit its global reach and user base.
Customer support is available in English, with multiple channels for communication, including email, phone, and live chat. However, user reviews have indicated mixed experiences regarding the responsiveness and effectiveness of customer support.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 6 |
| Customer Service and Support | 6 |
| Trading Experience | 5 |
| Trustworthiness | 4 |
| User Experience | 5 |
Account Conditions (5/10): The minimum deposit is relatively standard, but the withdrawal restrictions and high spreads are concerning. Many traders express frustration over the lack of flexibility in withdrawal options.
Tools and Resources (6/10): The MT5 platform is a strong point, offering various trading tools, but the absence of MT4 may alienate some traders. The broker does not provide extensive educational resources or trading tools, which could benefit beginner traders.
Customer Service and Support (6/10): While customer service is accessible, user experiences suggest that response times can be slow, and issues may not be resolved promptly.
Trading Experience (5/10): High spreads and additional fees can significantly affect trading profitability, leading to a less favorable trading experience overall.
Trustworthiness (4/10): Although regulated by CySEC, the history of fines and negative user reviews raises questions about the broker's reliability and transparency.
User Experience (5/10): Mixed reviews on user experiences indicate that while some traders appreciate the platform's features, others are deterred by the high costs and customer service challenges.
In conclusion, while xpartners is a regulated broker with a solid trading platform, the high spreads and additional fees may make it less appealing compared to its competitors. Potential traders should weigh these factors carefully and consider exploring other options before committing their funds.
