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XPro Markets Forex Broker provides real users with 1 positive reviews, 2 neutral reviews and 11 exposure review!

XPro Markets Broker Review

2.21

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FSCA Exceeded

XPro Markets Review 14

Latest All(14) Positive(1) Neutral(2) Exposure(11)
Exposure
I lost money

I lost my money with this platform. My name was a lady of Peruvian nationality who told me to invest a certain amount of 3,472.00. At first they let me withdraw money and then after a while they called me to say that I couldn't withdraw more because if I didn't lose the margin I would have to invest more. so as not to lose the margin. I don't know what to do, it was a lot of money, that's what I had, please, if you could help me, I invested that money with my partner.

orlando9343
2024-02-08
Exposure
Fraud

Last November 2, a woman named Luna contacted me who claims to be a broker for the company and I agreed to invest with download said They say that later and they put me off and they don't even answer the phone. I already made a withdrawal request on the platform and no one gives me a solution after the second transfer. A few days later a person calls me saying that they scammed me and asking me for the investment details. account numbers and let her see the screen of my phone remotely, which I did not agree to give her any information and after that event is when they no longer give me an account of my money, they do not answer or messages, the numbers are still in the platform continues to reinvest but I don't have access to anything and I want to withdraw the money before they disappear since they don't give me a withdrawal solution. In a few words I asked to withdraw a certain amount and they hid from me.

Shorty276
2024-02-03
Exposure
I don't see my money that I invested.

I invested 3472.00 dollars at the beginning they let me withdraw 1489.23 and then they told me no that if I withdrew VAT I would lose margin. I would have 3472.00 left when I went to withdraw. They started calling me not to withdraw it because I would have a loss. I made a process to withdraw from one moment to the next. The money was already there, according to them, they had lost it.

orlando9343
2024-02-01
Exposure
I don't see my money that I invested

I invested 3,472.00 dollars at the beginning they let me withdraw 1,489.23 and then they told me no, if I withdrew more I would lose the money that was left. I had 3472.00 left but now my money is gone, only 248.24 left. They told me that if I didn't invest more I would lose the margin. A woman of Peruvian nationality calls you and tells you what to do. I made one last withdrawal but as you see in the image it was left uncompleted. They didn't let me withdraw

orlando9343
2023-12-06
Exposure
Does not allow withdrawal of funds

I made a withdrawal and until now they are lying to me that they will move me to another department. Ten days have passed and my money has not been returned. It is a scam. They insult you and discriminate. Do not fall for this scam. They ask for my bank details, I have sent them in more than 10 occasions.

Ku3228
2023-11-02
Exposure
Cancellation of withdrawal without any reason

It all started on October 17, 2023 when after some talks about how to use the platform, the Broker "Lucas Monfort" who I consider a fictitious name, "guided" me with the process to work the platform and generate profits. After talking, he managed to persuade me that if I deposited a sum of 3000 dollars they would reward me with 2000 dollars, I entered 3740 dollars to operate and indeed the market increased exponentially and thus generated a sum of 7700 dollars. The next day, October 18, 2023, the person Lucas Monfort called me from different numbers every minute and wrote to me through the Telegram application, he told me that he would cancel the profits to continue investing and it was at that moment where I began to read people's experiences. that once worked they generated a profit of 7,700 dollars, at that precise moment I began to read several reviews from people who had lost all their money with them so I refused to agree to the cancellation. He called me every day to do it and I didn't do it. On Thursday they deposited 300 dollars with me in order for me to release my profits, however I did not do so either, it should be noted that since Tuesday, October 17, my accounts appeared with the withdrawal pending. What happened next was that yesterday, Monday, October 23, he told me that we would operate with a bonus that had been approved for me, I agreed to work that money and I thought that maybe this way they could get the profits from them and they would release my money faster, however, minutes later, my account was negative, I had a debt of -1200 dollars where they told me that I had to deposit an amount of 1200 from my cards to compensate for that loss. I didn't do it, so they sent me an email telling me that my account had been completed, I logged in and everything was at zero, and minutes later they sent me another email CANCELING MY WITHDRAWALS due to "Insufficient balance." I started sending emails to request my money, I sent an email to the Financial Sector Conduct Authority in South Africa, since they are the country's superintendent, complaining about the case, however I have not received any response. I am afraid of losing this money since it was from a credit card, when I did not have this money in account and just like that out of nowhere I lost everything. The Broker Lucas Monfort calls me and sends me messages to invest more to recover that "lost" money when that was easily a SCAM. These people are not professionals, they only care about stealing your money, the system says that it takes 3 days to deposit, however this is the example where we see that it is not true... I hope you can help me soon, I need to get my money back.

Berny935
2023-10-25
Exposure
Scam

After i Invest 250 the broker Rised up to 400 wich i can ser in my balance account. Then he told me he got an Equity of 12400 and to see the money i had to pay 2400 of taxes. I try to withraw without success and he told me its Impossible. I tried to send an email to support@xpromarket.co.uk but dont exist. I tried to send an SMS but allways says to try later. I didn't pay but i Lost 250 and even more if i pay the 2400...

Nuno2013
2023-04-19
Neutral

I cannot believe Xpro market’s official has been shut down this way… I registered a trading account here six months ago, and I didn’t trade often. Almost forget I have $500 in my account…

Derekkk
2023-02-20

  

XPro Markets 2025 Review: Everything You Need to Know

  XPro Markets has garnered a mixed reputation among traders, with feedback ranging from positive experiences with its trading platform to serious concerns about withdrawal issues and regulatory compliance. Overall, while some users appreciate the variety of trading instruments and the user-friendly interface, many others have reported difficulties in accessing their funds and have raised red flags about the broker's legitimacy.

  Note: It is crucial to recognize that XPro Markets operates under different regulatory entities depending on the region, which can impact the level of protection and oversight provided to traders. This review aims to provide a balanced view, taking into account various sources to ensure fairness and accuracy.

  

Rating Overview

Category Score (out of 10)
Account Conditions 5.0
Tools and Resources 6.0
Customer Service & Support 4.5
Trading Setup (Experience) 6.5
Trustworthiness 5.0
User Experience 5.5

  We rate brokers based on a combination of user feedback, expert analysis, and factual data from reliable sources.

  

Broker Overview

  Established in 2019, XPro Markets is operated by Ukuchuma Financial Services (Pty) Ltd and is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa. The broker provides access to the popular MetaTrader 4 (MT4) platform, allowing traders to engage in various financial markets, including forex, indices, commodities, stocks, and cryptocurrencies. However, it is important to note that the broker's reputation has been marred by allegations of withdrawal issues and a lack of transparency.

  

Detailed Analysis

  

Regulatory Environment

  XPro Markets is regulated by the FSCA, which is considered a tier-2 regulatory body. While this provides some level of oversight, it lacks the robustness of tier-1 regulators like the FCA or ASIC. Moreover, the broker's claims of being associated with IGM Forex Ltd, which is regulated by CySEC in Cyprus, have raised questions about its legitimacy. According to reports, XPro Markets is not authorized to provide derivative investments, which casts doubt on its operations (BrokersView).

  

Deposit and Withdrawal

  The minimum deposit required to open an account with XPro Markets is $250. Withdrawals can take 8 to 10 business days, which is relatively standard; however, many users have reported challenges in accessing their funds. Some reviews indicate that the broker imposes high withdrawal fees and inactivity charges, which can accumulate significantly if accounts are left dormant (100 Brokers).

  

Currency and Cryptocurrency Options

  XPro Markets allows deposits and withdrawals in multiple currencies, including USD, EUR, and GBP. The broker also supports cryptocurrency transactions, enabling traders to invest in popular digital assets like Bitcoin and Ethereum. However, the lack of clarity regarding fees associated with these transactions has been a point of contention among users (Traders Union).

  

Available Assets

  Traders can access a wide range of assets, including over 45 currency pairs, cryptocurrencies, commodities like gold and oil, and major stock indices. While this variety is appealing, some users have noted that the spreads for certain instruments are higher than industry standards, which can erode profitability (Forex Peace Army).

  

Cost Structure

  XPro Markets employs a floating spread model, with the average spread for the EUR/USD pair reported to be around 2.5 pips. This is higher than the industry average, which typically ranges between 1 to 1.5 pips. Additionally, withdrawal fees can vary based on the method used, and inactivity fees can escalate significantly over time, which may deter long-term traders (Scam Brokers Reviews).

  

Leverage Options

  The broker offers leverage up to 1:400, which can amplify both profits and losses. While this is attractive for experienced traders, it poses significant risks, especially for novices who may not fully understand the implications of high leverage (WikiBit).

  

Trading Platforms

  XPro Markets provides access to both the MT4 platform and its proprietary WebTrader. MT4 is renowned for its advanced features, including automated trading capabilities, while WebTrader offers a more simplified interface suitable for beginners. However, some users have expressed dissatisfaction with the performance of the WebTrader platform, particularly during high volatility periods (BrokersView).

  

Restricted Regions

  XPro Markets does not accept clients from the United States or the European Union, which limits its accessibility for traders in these regions. This restriction is critical for potential users to consider, as it may affect their ability to engage with the broker (XPro Markets Review).

  

Customer Support Languages

  Customer support is available 24/7 via live chat, email, and phone. However, many users have reported slow response times and inadequate support, particularly when dealing with withdrawal issues. This inconsistency in service quality has been a significant concern for traders (Scam Brokers Reviews).

  

Repeated Rating Overview

Category Score (out of 10)
Account Conditions 5.0
Tools and Resources 6.0
Customer Service & Support 4.5
Trading Setup (Experience) 6.5
Trustworthiness 5.0
User Experience 5.5

  

Detailed Breakdown

  •   Account Conditions (5.0): XPro Markets offers various account types, but the minimum deposit of $250 may be a barrier for some traders. Additionally, the lack of clarity regarding account features can be confusing.

  •   Tools and Resources (6.0): The availability of MT4 is a plus, but the educational resources are limited, which could hinder novice traders.

  •   Customer Service & Support (4.5): While support is available 24/7, user experiences indicate that response times are often slow, especially during critical trading moments.

  •   Trading Setup (Experience) (6.5): The trading experience is generally positive, but the high spreads can affect profitability.

  •   Trustworthiness (5.0): Regulatory issues and mixed reviews about withdrawal processes raise concerns about the broker's legitimacy.

  •   User Experience (5.5): User feedback is varied, with some praising the platform's usability while others report significant issues with fund withdrawals.

  •   In conclusion, XPro Markets presents a mixed bag of features and user experiences. While it offers a range of trading instruments and the popular MT4 platform, potential users should be cautious due to regulatory concerns and reported withdrawal issues. Prospective traders are advised to conduct thorough research and consider their individual trading needs before engaging with XPro Markets.