Xtrader365 Broker Review

Xtrader365 2025 Review: Everything You Need to Know

　　Summary: The overall consensus on Xtrader365 is overwhelmingly negative, with numerous reports highlighting its fraudulent practices and lack of regulatory oversight. Users have reported difficulties in withdrawing funds and raised concerns about the platform's legitimacy, making it a risky choice for potential traders.

　　Note: It is important to be aware that Xtrader365 operates across different jurisdictions, which raises additional concerns regarding its legitimacy. The information presented here is based on a thorough review of various sources to ensure fairness and accuracy.

Ratings Overview

　　How We Rate Brokers: Our ratings are based on a comprehensive analysis of user feedback, expert opinions, and factual data regarding the broker's operations.

Broker Overview

　　Founded in August 2023, Xtrader365 claims to operate from Limassol, Cyprus, but lacks the necessary licensing from the Cyprus Securities and Exchange Commission (CySEC). This absence of regulation raises significant red flags regarding its legitimacy. The platform offers a web-based trading interface but does not support popular trading software like MT4 or MT5. Users can trade various asset classes, including forex, commodities, and cryptocurrencies, but the specifics of their trading conditions are vague and often untrustworthy.

Detailed Analysis

• 　　Regulated Geographic Areas/Regions: Xtrader365 claims to be based in Cyprus; however, it operates without any regulatory oversight, which is a significant concern for potential traders. The Financial Services and Markets Authority (FSMA) in Belgium has blacklisted the broker, indicating its fraudulent activities.

• 　　Deposit/Withdrawal Currencies/Cryptocurrencies: The platform allows deposits in multiple currencies, including USD, EUR, and cryptocurrencies. However, users have reported issues with the withdrawal process, indicating that funds may be more difficult to access than initially represented.

• 　　Minimum Deposit: The minimum deposit requirement for Xtrader365 is reported to be around $500, which is relatively high compared to many legitimate brokers that allow entry for as low as $10.

• 　　Bonuses/Promotions: There is little information available regarding bonuses or promotions offered by Xtrader365. This lack of transparency is typical of unregulated brokers, which often use such tactics to lure in unsuspecting traders.

• 　　Tradable Asset Classes: Xtrader365 claims to offer a range of tradable assets, including forex, stocks, indices, commodities, and cryptocurrencies. However, many user reviews suggest that the actual execution of trades and the availability of these assets may not align with their claims.

• 　　Costs (Spreads, Fees, Commissions): The spreads offered by Xtrader365 are reported to be quite high, with figures around 3.0 pips for major currency pairs, which is significantly above the industry standard. Additionally, there is a lack of clarity regarding any hidden fees or commissions, leading to further distrust among users.

• 　　Leverage: Users can access leverage up to 200:1, which is dangerously high and not compliant with regulations in many jurisdictions, including the EU. This further indicates the broker's questionable practices.

• 　　Allowed Trading Platforms: Xtrader365 primarily offers a web-based trading platform with limited features and no support for widely used trading software. This lack of advanced tools is a significant drawback for serious traders.

• 　　Restricted Regions: Xtrader365 does not accept clients from several countries, including the United States, which may limit its accessibility for some traders.

• 　　Available Customer Service Languages: The platform appears to only support English, which may pose challenges for non-English speaking users looking for assistance.

  　　

　　

Repeated Ratings Overview

Category	Rating (out of 10)
Account Conditions	2
Tools and Resources	3
Customer Service and Support	1
Trading Setup (Experience)	2
Trustworthiness	1
User Experience	2
(Optional) Additional Rating	1

　　

Detailed Breakdown

• 　　Account Conditions: The high minimum deposit and lack of clarity regarding fees and commissions contribute to a poor rating. Users have expressed frustration over unclear terms, leading to a score of 2.

• 　　Tools and Resources: The platform's lack of advanced trading tools and educational resources results in a score of 3, as it does not cater to the needs of both novice and experienced traders.

• 　　Customer Service and Support: Numerous reports indicate that customer service is unresponsive or entirely absent, resulting in a dismal score of 1.

• 　　Trading Setup (Experience): The overall trading experience is marred by a lack of features and high costs, leading to a score of 2.

• 　　Trustworthiness: With no regulation, a short operational history, and numerous negative reviews, Xtrader365 receives a score of 1 for trustworthiness.

• 　　User Experience: User experiences have been overwhelmingly negative, with many reporting issues with withdrawals and customer service, resulting in a score of 2.

　　In conclusion, the Xtrader365 review reveals a platform fraught with issues, primarily stemming from its lack of regulation and transparency. Potential users are strongly advised to exercise caution and consider more reputable alternatives for their trading needs.