✔️ Information reviewed and updated in July 2024 by Pedro Martínez González

In this section we will tell you why You should NOT invest in Xcgin. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…

A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about Xcgin and we will tell you why we reached such a conclusion:

Basic Information

🌐 Websitexcgin.com
🏠 CompanyUnmentioned
RegulatoryNot regulated
📧 Email[email protected]
📈 PlataformOwn platform
📌 AddressVeembroederhof 281, 1019 HD Amsterdam, The Netherlands (fake)

⚠️ Xcgin does not mention the legal name of the company that operates it and the published address does not correspond to any investment company. Clients are unprotected. ⚠️

Account types

Now we will analyze the types of accounts that Xcgin offers, in this case, we observe that it offers 6 different types of accounts:

Account typeMinimum initial deposit
Registration$250
Beginners$2,500
Intermediate$20,000
Advanced$50,000
Professional$100,000
Premium$500,000

Information on the web

Xcgin website

Xcgin provides a basic explanation about the financial products it offers, market news and analysis, economic calendar, really not much more than this.

List of phone numbers

  • +442080898266

🚫 Final evaluation of Xcgin 🚫

Finally, and in a few words, our recommendation is: DO NOT INVEST WITH Xcgin.

As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.

In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!

Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.

Updates

News about Xcgin:

Date Update – news
January 2024Complaint against Xcgin BaFin financial regulator
February 2024Complaint against Xcgin financial regulator CNMV

User Reviews

[democracy id = ”8276 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with .

At the end of the review you will find customer comments.


How to Claim Money Scammed by Xcgin

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report Xcgin

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

How can I report Xcgin?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is Xcgin a scam – is it a scam?

Yes. We believe that Xcgin is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.

Is Xcgin reliable?

No. Xcgin is not trustworthy, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.

How to recover money from Xcgin?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

Are there (recommended) alternatives to Xcgin?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

4 comments on «is xcgin a scam? Opinions»

  1. Carlos Alberto Reply

    I have an acquaintance investing, but I don't want them to steal my money or scam me. Can you help me? Blessings.

    • Recommended-brokers.com Reply

      Hi Carlos Alberto, thanks for writing about xcgin . Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY

      Greetings.

  2. Yuriy Reply

    Good morning, can you give me an opinion on xcgin.com, if it is regulated by law in Spain and if they are based in Spain. Thank you so much

    • Recommended-brokers.com Reply

      Hi Yuriy, thanks for writing about xcgin. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY

      Greetings.

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