XR Trading Broker Review

XR Trading Review 1

Latest All(1) Exposure(1)

Exposure

Chen Xin is a big liar

Tempted by a scammer, I invested in virtual currency and was defrauded of $250,000. I lost more than 250,000 U.S. dollars by a group of Internet economic fraud. The incident started at the end of May, and was scammed by a man who claimed to be a mobile phone chip businessman in San Francisco, probably under the pseudonym CHENXIN. At the end of May 2023, I received a message sent to my mobile phone number 626-424-0640 asking if the tea he ordered had arrived. I told him to send the wrong message. He asked me if I was the owner of the tea house, and I said no. He said that fortunately we are both Chinese, and it would be too embarrassing to send the wrong message to Americans. After chatting and making friends, I was deceived by his professional communication skills and psychological control. He lied to me to register Crypto.com first, then crypto.com Defi wallet and then received the link xrradinc.co he gave. Transfer the crypto to xrradinc.om through the bank first, then transfer it to my Defi wallet, and then remit it to the fake transaction center xrradinc.ci provided by him. I have been induced to increase my principal many times through various means. Later, when I want to withdraw, it says that the wallet is abnormal, and I have to pay taxes and security deposits. A total of more than 250,000 US dollars has been continuously transferred from my Wells Fargo Bank to purchase virtual currency and others, all of which have been entered into the platform. The customer service sent me different counterfeit currencies from the coin merchants. In the wallet, 0xbe6a2cE283f62Df8Bc0FF4c305b67bc9f2F173Ad, 0x2973514E3729b6CBA9b9D3FD2D6717E72146d660, 0x5b75987b2a3f5210f56 525519ad11a4c70f2fd45. Friends with professional knowledge in this area are requested to help find Chen Xin, a big liar, and his gang. Seek justice for victims. The money I was supposed to save for my kids' college tuition. Because of family accidents, I was in urgent need of money, so I fell into the trap of a big liar. Now all the money has been cheated away, I regret it very much and feel ashamed. Expose it here so no people will get scammed.

+1

受伤害的心

2023-07-28

XR Trading 2025 Review: Everything You Need to Know

　　In the ever-evolving landscape of forex trading, XR Trading has emerged as a controversial figure. While some reviews highlight its advanced technology and diverse asset classes, a significant number of sources raise red flags regarding its regulatory status and user experiences. This review synthesizes various perspectives to provide a comprehensive overview of XR Trading, focusing on its strengths and weaknesses.

　　Note: It is essential to consider that XR Trading operates across multiple jurisdictions, which may influence user experiences and regulatory implications. The following assessment aims for fairness and accuracy based on available data.

Ratings Overview

Category	Rating (Out of 10)
Account Conditions	3
Tools and Resources	4
Customer Service and Support	2
Trading Experience	3
Trustworthiness	1
User Experience	2

　　We rate brokers based on a combination of user feedback, expert analysis, and regulatory standing.

Broker Overview

　　Founded in 2019, XR Trading LLC is a proprietary trading firm headquartered in Chicago, Illinois. The firm claims to leverage advanced technology and quantitative research to engage in global markets, providing liquidity across various asset classes, including forex, metals, energy, and agricultural products. However, it is crucial to note that XR Trading is unregulated, which raises concerns regarding the safety of client funds and the overall trustworthiness of the platform. The firm operates its proprietary trading platform, which is not widely recognized like MT4 or MT5, and offers a maximum leverage of up to 1:500 on certain accounts.

Detailed Analysis

Regulatory Status

　　XR Trading is not regulated by any major financial authority, which is a significant concern for potential investors. According to sources like WikiFX, the broker has a regulatory index score of 0.00, indicating a complete lack of oversight. This absence of regulation means that traders have no recourse if something goes wrong, making it a risky choice for those looking to invest their hard-earned money. As highlighted by various reviews, the unregulated nature of XR Trading poses a substantial risk, especially for inexperienced traders.

Deposit and Withdrawal

　　The broker offers various deposit methods, including bank transfers and credit/debit cards. However, many reviews indicate that users face significant challenges when attempting to withdraw their funds. Complaints frequently mention that XR Trading employs tactics to delay or deny withdrawal requests, which is a common red flag associated with scam brokers. For instance, users have reported being pressured to make additional trades or facing high withdrawal fees that discourage them from accessing their funds. This issue is a critical aspect of the XR Trading review that potential clients should consider seriously.

Account Types and Conditions

　　XR Trading offers several account types, including standard, pro, and institutional accounts. However, the lack of detailed information regarding the specific features and conditions of these accounts is concerning. While some reviews mention competitive spreads starting at 0.2 pips and low commissions, the absence of transparent terms raises questions about the overall cost of trading with this broker. Moreover, the minimum deposit requirement is not clearly stated, adding to the ambiguity surrounding account conditions.

Tools and Resources

　　The trading platform provided by XR Trading is proprietary, which may limit users who are accustomed to more widely used platforms like MT4 or MT5. While the firm claims to offer cutting-edge tools for market analysis and trade execution, reviews indicate that the platform lacks user-friendly features and comprehensive educational resources. Traders looking for robust analytical tools and support may find XR Trading's offerings insufficient, which is reflected in the low rating for tools and resources.

Customer Service

　　Customer service has been a significant point of contention in many XR Trading reviews. Users have reported poor support experiences, including slow response times and unhelpful assistance. The absence of a clear contact number and limited communication options further exacerbate these issues. As several reviews point out, effective customer support is crucial for traders, especially in the fast-paced forex market, and XR Trading falls short in this area.

Conclusion

　　In summary, the XR Trading review presents a mixed picture, with several concerning aspects overshadowing its potential benefits. The lack of regulation, coupled with numerous complaints regarding withdrawal issues and customer support, raises significant red flags for prospective traders. While the firm touts advanced technology and diverse trading options, the risks associated with unregulated brokers cannot be overstated. Potential clients should exercise extreme caution and consider seeking alternatives that offer regulatory oversight and a more transparent trading environment.