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Xprestrade Forex Broker provides real users with 1 positive reviews, 1 neutral reviews and 3 exposure review!

Xprestrade Broker Review

1.40

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Business

Influence E

License

No license

Xprestrade Review 5

Latest All(5) Positive(1) Neutral(1) Exposure(3)
Exposure
Unable to withdraw money, fraud platform

In June 2022, I received a call from the UK, saying that I was in Xprestrade registered on this platform, as long as I deposit 250 dollars, there will be a special financial consultant who will operate the account on my behalf, and promise to make you money. no matter how you refuse, he will always deny you, just ask you to deposit. after depositing, this senior consultant claims that john will please use WhatsApp to contact him, and then please give him the account password; download any desk and say that while he is operating, you can monitor it. after a few operations, it will make money, and then he asks me to put more money into it, it can be operated to earn more, I doubt whether I can withdraw money, when I asked for a withdrawal, john first gave me 100 us dollars, and there was indeed a withdrawal. after that, he encouraged me to put more money, and after depositing more money, the value of the account also increased because of his transactions, so he continued to encourage me to put more money, and when I felt that I wanted to withdraw money, I directly applied for withdrawal. after waiting for 2 weeks, I still haven't returned to the bank, and I have been applying for withdrawals since then, but there is no follow-up, only a system letter saying that I have received a withdrawal application. I told john about this matter, and he said that because of the international shipping fee, he charged an extra fee of 2,310 us dollars for the withdrawal, so I found that there is a problem with this platform

Trader CHIU
2023-02-23
Positive

This company was established less than a year ago and does not have any regulatory license. I don't think it should be traded with it just for security reasons.

struggle11307
2022-12-20
Neutral

I just cannot understand why they requires so high minimum deposit? It looks scaring! While other offerings seem quite average, spreads, leverage, educational contents failing to arise my interest…

李国东
2022-12-19
Exposure
Warn other people from this scam broker

I expose this public complaint to warn others that the same thing could happen to them, this supposed broker has all the setup of a normal broker, advisory calls, everything normal. At that time I did not know very well about the subject and I made the mistake of not investigating it well, I was advised at the beginning for a couple of months by Mrs. Maria Martinez, I left the tests of conversations via WhatsApp, when I already had some idea they assigned me another manager called esteban cardona who taught me a little more and configured me a very efficient internal boots that I supervised apart from the orders that I entered, little by little in a matter of 4 months I was uploading my account I started with a deposit of 250 usd then I entered 500 usd advised by maria to be able to risk a little more in my entry orders, conclusion with the help of the boots that made some very good orders of 7,400 with gold, 3,000 and 4,000 in oil, the account was raised in the last month to 19,000 usd , there I already requested withdrawal because they kept me waiting longer to manage a withdrawal when I raised the issue at the beginning due to lack of experience it was not abnormal, I could never make a withdrawal they always told me a something or other that I had to pay some commissions to download partial payments, they assigned me a last manager called ricardo, with many calls and explanations to make a minimum deposit of 250 usd to withdraw 5000 usd which never happened, be careful with this scam broker Don't keep cheating.

Francisco9036
2022-10-24
Exposure
Unable to withdraw money, there are a lot of reasons for withdrawing money

I have waited for a month to withdraw the money and it has not arrived yet. The customer service also said that the remittance will be charged an extra fee of more than 2,000 US dollars. This must be a scam, don’t fall into it

Trader CHIU
2022-08-29

  

Xprestrade 2025 Review: Everything You Need to Know

  Xprestrade has garnered significant attention in the online trading community, but the overwhelming sentiment surrounding this broker is negative. Numerous user reviews highlight concerns about withdrawal issues, lack of regulation, and high fees, painting a picture of a potentially fraudulent operation. Key findings suggest that while the platform offers a variety of trading assets, the associated risks may far outweigh the benefits.

  Note: It is crucial to consider the implications of trading with an offshore broker like Xprestrade, especially given the varying regulatory environments across different regions. This review aims to provide a fair and accurate assessment based on multiple sources.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 2
Customer Service and Support 4
Trading Setup (Experience) 3
Trustworthiness 2
User Experience 3

  We assess brokers based on user feedback, expert analysis, and industry standards.

  

Broker Overview

  Founded in 2022, Xprestrade operates under the company name Signix Ltd, registered in the Marshall Islands. The broker claims to provide access to a wide range of trading instruments, including forex, cryptocurrencies, stocks, and commodities. Despite its claims, Xprestrade lacks regulation from any reputable financial authority, which raises significant red flags regarding the safety of user funds. The trading platform is a web-based solution that falls short of industry standards, lacking the advanced features found in platforms like MetaTrader 4 (MT4).

  

Detailed Breakdown

  •   Regulated Areas: Xprestrade operates without any regulatory oversight, which is a significant concern for potential investors. The lack of regulation means that there is no governing body to oversee trading practices or protect investors in case of disputes.

  •   Deposit/Withdrawal Currencies/Cryptocurrencies: The broker accepts deposits primarily via credit and debit cards, with a minimum deposit requirement of $250. However, the use of an intermediary payment processor, Shinepay, raises questions about the security and transparency of transactions. Withdrawals can only be made above $100, but users have reported excessive delays, with processing times extending up to 30 days.

  •   Minimum Deposit: The minimum deposit at Xprestrade is set at $250, which is relatively standard but concerning given the broker's unregulated status.

  •   Bonuses/Promotions: There is no clear information on bonuses or promotional offers, which is often a tactic used by unregulated brokers to attract new clients.

  •   Tradeable Asset Classes: Xprestrade offers a variety of asset classes, including forex, cryptocurrencies, indices, and commodities. However, the spreads are reported to be significantly higher than industry standards, with spreads for major pairs like EUR/USD reaching up to 3 pips.

  •   Costs (Spreads, Fees, Commissions): The trading costs at Xprestrade are notably high, with a minimum trading fee of $20 per transaction and additional charges for not meeting trading volume requirements. This fee structure can quickly erode any potential profits.

  •   Leverage: The broker offers leverage up to 1:400, which is considerably higher than what is typically allowed by regulated brokers. While high leverage can amplify profits, it also significantly increases the risk of substantial losses.

  •   Allowed Trading Platforms: Xprestrade promotes its proprietary web-based platform, which lacks the advanced features of MT4 or MT5. This limitation may hinder traders' ability to execute strategies effectively.

  •   Restricted Regions: The broker operates in various countries, including Canada, Japan, South Korea, Brazil, and Colombia. However, the lack of regulation in these regions poses risks for investors.

  •   Available Customer Support Languages: Customer support is available primarily in English, and users can reach out via phone or email. However, the absence of live chat support limits immediate assistance options.

      

  

Ratings Revisited

Category Detailed Rating (out of 10)
Account Conditions 3
Tools and Resources 2
Customer Service and Support 4
Trading Setup (Experience) 3
Trustworthiness 2
User Experience 3

  

Detailed Breakdown of Ratings

  •   Account Conditions: Users have reported frustrations with account management, particularly regarding withdrawal requests that are often delayed or denied. According to multiple reviews, once a significant amount is deposited, accessing funds becomes increasingly difficult. Many users have experienced their accounts being locked or having to meet unrealistic trading volume requirements before withdrawals are processed.

  •   Tools and Resources: The trading platform lacks essential features that traders need for effective market analysis. The absence of a demo account further prevents potential users from testing the platform before committing real funds. This limitation can deter novice traders who require a safe environment to learn.

  •   Customer Service and Support: While Xprestrade provides contact options via phone and email, the lack of live chat support indicates a lower level of customer service. Users have reported difficulties in reaching support representatives, especially when urgent issues arise.

  •   Trading Setup (Experience): The trading experience is marred by high fees and spreads, which can significantly impact profitability. The platform's performance has been described as unreliable, leading to a frustrating trading environment.

  •   Trustworthiness: Given the numerous complaints about withdrawal issues and the absence of regulatory oversight, Xprestrade's trustworthiness is highly questionable. The overall sentiment among users is one of caution, with many advising against investing with this broker.

  •   User Experience: Overall, user experiences with Xprestrade have been predominantly negative, with many expressing regret over their decision to invest. The combination of high costs, regulatory concerns, and poor customer service contributes to a generally unfavorable perception of the broker.

  •   In conclusion, the Xprestrade review reveals a broker fraught with potential risks and pitfalls for investors. The lack of regulation, high fees, and negative user experiences suggest that prospective traders should exercise extreme caution when considering this platform for their trading activities.

Xprestrade review