✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will tell you why You should NOT invest in Xtrade. 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…
XTrade is NOT Reliable – Licensed since 2003, this brokerage firm has a bad reputation. Users report that they have had problems with trading or withdrawing funds.
A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about Xtrade and tell you why we came to such a conclusion:
Basic Information
| 🌐 Website | xtrade.eu | xtrade.com |
| 🏠 Company | Financial Arena Ltd – Xtrade International Ltd (the manager of the company is Lucio Blatman) |
| ️ Regulatory | IFSC (Belize) |
| [email protected] | |
| 📈 Leading | Web trader |
| 📌 Direction | Montevideo, Uruguay–Nicosia |
⚠️ Xtrade is owned by Financial Arena Ltd, the company it's located in Uruguay and Nicosia, a potentially dangerous tax haven for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. The company is located in a very unsafe place, be careful. ⚠️
Account types
Now we are going to analyze the types of accounts that Xtrade offers, in this case, we observe that it offers 4 different types of accounts:
| Account type | Minimum initial deposit |
| Standard | $200 |
| Premium | $1.000 |
| Platinum | $5.500 |
| VIP | $25.000 |
Information on the web
Xtrade provides an explanation of the different instruments that are possible to trade with Xtrade, economic calendar, autochartist reports and alerts, financially relevant newsletter, video classes (although they are in English), e-books (although to view these you need have an account with Xtrade), glossary (in English), and explanation of some basic concepts of the world of trading.
List of phone numbers
+357 25030742
🚫 Xtrade Final Rating 🚫
Finally, and in a few words, our recommendation is: DO NOT INVEST WITH Xtrade.
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 Xtrade:
| Date | Update – news |
|---|---|
| We have received messages from clients assuring that Xtrade maintains a close relationship with invest100, a broker with a lousy reputation with several complaints against it, accused of defrauding its users. | |
| August 2023 | According to messages from clients, the location of the offices of FxAlta, Invest100 and Xtrade is Arribeños 3619 CABA – 5th floor – Argentina. The company behind the broker would be TUT88 SA |
User Reviews
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with Xtrade.
At the end of the review you will find customer comments.
How to Claim Money Scammed by Xtrade
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 Xtrade
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 Xtrade?
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 Xtrade a scam – is it scam?
Yes. We believe that Xtrade 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 Xtrade reliable?
No. Xtrade is not reliable, 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 Xtrade?
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 Xtrade?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.
I denounce it as a robbery. I made an investment in Xtrade and two days later the money was no longer in my account. I invested 1.500 dollars and there are 300 dollars in the account. I have tried to contact Mr. Joaquin Torres from XTrade and he is a very aggressive person who is not responsible for anything. What can I do to recover my investment?
Hi Angela, thanks for writing about Xtrade. 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 this link: CLAIM YOUR MONEY
Greetings.
It really is a scam, after investing your money they don't call you again, they don't advise you, they don't teach you. There is no way to get the money back because they make you sign a document and also make it look like you just lost it. Hopefully no more people fall for this deception.
Hello Anonymous, many clients have written to us saying that they have recovered through our CHAT. IF YOU WANT TO SEE NAMES AND ADDRESSES OF THESE SCAMMERS CLICK HERE, they can contact the press and local television to investigate and film all those involved in the scam, both the commercials and the bosses, they are all accomplices because they know perfectly well that they are scamming customers. Things cannot stay like this, we have to recover that money that they have stolen. Thanks for commenting on Xtrade. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. DO NOT do it! It is a clear sign that they want to steal more money from you and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
The director of XTRADE is the Uruguayan Jew Alejandro Chejanovieski, he is one of those in charge of the xtrade scam BE CAREFUL HE IS A THIEF!!! XTRADE IS A SCAM!!
If you go to his linkedin profile https://www.linkedin.com/in/alejandro-chejanovieski-6313b056/?originalSubdomain=ar does not hide it:
“I have 6 years of experience in the financial industry, especially working in CFD brokers.
I have worked for two companies in the field, both focused on the Latin American market.
In one of them I have been Office Director and Retention Manager, and in the other company I have been General Manager.
In both cases, I was present from the very beginning, that is, from the assembly of the office, to its full development, getting involved in all the corresponding departments (documents, risk, commercial area, compliance, etc.).
I have good skills to lead teams, focusing them on meeting goals and objectives.
I have a good capacity for resilience, necessary in everything related to sales and team management, as well as high perseverance and focus on the objectives set.
I have had the opportunity to define the development and future steps that organizations could take, always trying to take them to the next level, not only in economic results, but also in terms of human capital and labor efficiency.
I have six years experience in the CFD industry working for two international brokers for the Latin American market (Spanish and Portuguese).
As General Manager, in one of the companies, I had the opportunity to develop all the different departments starting from scratch like sales, retention, documents, risk, withdrawals, compliance, etc.
I am very focused on targets and results.
I have enough resilience, perseverance, knowledge and passion to make things happen.
“I know how to grow a business combining technical and human skills.”
Look what he puts in his experience!!: “Experience General Manager Invest100 · Full time” – “Retention Manager Latin America Xtrade · Full time”
He claims to be an expert in finance, rather an expert in scams. Soon my lawyers and I are going to see your face scammers. You're going to end up a scammer prisoner. You stole thousands of dollars from me let's see if you're so brave when we see each other's faces. ROBBER.
Hello, many clients have written to us saying that they have recovered through our CHAT. IF YOU WANT TO SEE NAMES AND ADDRESSES OF THESE SCAMMERS CLICK HERE, they can contact the press and local television to investigate and film all those involved in the scam, both the commercials and the bosses, they are all accomplices because they know perfectly well that they are scamming customers. Things cannot stay like this, we have to recover that money that they have stolen. Thanks for commenting on Xtrade. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. DO NOT do it! It is a clear sign that they want to steal more money from you and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
I deposited 250 dollars with my credit card in Colombia to XTRADE .com through the intermediation of a supposed official Tadeo Lema, they gave me a bonus of 241, the first week I started winning the following week the supposedly URUGUAY mountain coach named Francisco Reyes, very insistent that I will consign more to ensure my investment and be able to have more profitability. They also make suggestions for people to buy or sell currency or currencies closed automatically by their platform and swindling people.
Hello Wilson, many clients have written to us saying that they have recovered through our CHAT. IF YOU WANT TO SEE NAMES AND ADDRESSES OF THESE SCAMMERS CLICK HERE, they can contact the press and local television to investigate and film all those involved in the scam, both the commercials and the bosses, they are all accomplices because they know perfectly well that they are scamming customers. Things cannot stay like this, we have to recover that money that they have stolen. Thanks for commenting on Xtrade. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. DO NOT do it! It is a clear sign that they want to steal more money from you and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
I would like to know, if xtrade is regulated, to operate on the stock market.
Greetings.
Hello Joaquín, thanks for writing about Xtrade. Currently this broker is considered a SCAM. It has a close relationship with Invest100, which is a broker with a disastrous reputation, we do not recommend operating with either of them, even if they have a Belize regulation, this broker cannot be trusted.
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 this link: CLAIM YOUR MONEY
Greetings.
I was recently scammed by this company, I saw an ad on facebook where they commented on the tool. Fill in the data and they called me, I made a deposit of 250 USD, later the "manager" called me and asked me to deposit 5.000 thousand dollars to grow the account and change the category. In the end I lost 33.000 dollars, since they told me that I had to deposit more money to save the account. It was my first time trying to invest in this type of market and this misfortune happened to me. Name of the alleged “Manager” (Manuela +595 972116200), then the alleged risk advisors (Pablo and Joaquin).
I hope they never fall into their trap, what strikes me is that they have a profile on instagram, facebook and other social networks with thousands of followers, I don't really understand how they continue to exist.
Hello Anonymous, many clients have written to us saying that they have recovered. IF YOU WANT TO SEE NAMES AND ADDRESSES OF THESE SCAMMERS CLICK HERE, they can contact the press and local television to investigate and film all those involved in the scam, both the commercials and the bosses, they are all accomplices because they know perfectly well that they are scamming customers. Things cannot stay like this, we have to recover that money that they have stolen. Thanks for commenting on Xtrade. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. DO NOT do it! It is a clear sign that they want to steal more money from you and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
I remind you that xtrade is owned by the same owners as invest100, here is more information about the owners and those who orchestrate the whole scam
One of those who currently works in the offices sent me all this information and told me not to publish it but I think the right thing to do is to publish it.
I tell you that I work for this company, which is located in Buenos Aires, Argentina.
When I realized that clients not only could not withdraw money, but also made them lose money with deceptive operations (when clients asked to withdraw capital), without further ado, here is the information :.
The company (Invest100) is actually called TUT88. It is located in Buenos Aires, Capital Federal, on Calle Arribeños 3619, between Calle Crisolo Larralde and Calle Jaramillo. I leave the link of google maps so that you can see:
https://www.google.com/maps/place/Arribe%C3%B1os+3619,+Buenos+Aires/@-34.5449095,-58.462689,17z/data=!3m1!4b1!4m5!3m4!1s0x95bcb420da083977:0x7a204a3a45444b20!8m2!3d-34.5449095!4d-58.4605003
The "owners" so to speak are Mariana Blatman and Lucio Blatman (Lucio Blatman is ALSO the owner of xTrade, which is located in Montevideo, Uruguay).
Here are their Instagram and LinkedIn profiles so you can see the faces of these scoundrels:
https://www.instagram.com/marianablatman/?hl=en
https://uy.linkedin.com/in/lucioblatman
https://ar.linkedin.com/in/marianablatman/es
I also want to give you the address of the house where Ms. Blatman lives with her family, at the expense of the money they cheat from poor clients who come in excited and leave penniless and with broken pride at being scammed. This is your address:
Fraga 1730, between Plaza and Holmberg streets. I leave link of google maps also:
https://www.google.com/maps/place/Fraga+1730,+C1427BUJ+CABA/@-34.582801,-58.469981,17z/data=!3m1!4b1!4m5!3m4!1s0x95bcb60b4efefbe5:0x424c5a9f4f840463!8m2!3d-34.5828054!4d-58.4677923
The director of the company, his name is Alejandro Chejanovieski, he is Uruguayan (this is the worst of all par excellence) and I also leave his profile for you to see: https://ar.linkedin.com/in/alejandro-chejanovieski-6313b056 (the photo is very old apparently, because now he is much fatter). I don't have Chejanovieski's address, but I do know that he lives on Luis Maria Campos street, Indalecio Chenaut corner, also in Buenos Aires, Federal Capital.
I also pass on the personal phone numbers of each of these thieves:
Mariana Blatman: (+54) 9 11 September 6182
Alejandro Chejanovieski: (+54) 9 11 6593 3790
Lucio Blatman: (+598) 92
The numbers for Mariana Blatman and Alejandro Chejanovieski are from Argentina, that of Lucio Blatman is from Uruguay, so if by any chance you are going to be dialed from another country, do so as I passed it to you above.
Those who put the money to put together all this scam, are in Israel, but the "owners", or those who sign as proxies here in Argentina, are the brothers. Blatman, the worst scum I have ever met (and I have met several).
Anything else:
This is the information of the company as registered in AFIP Argentina:
CUIT: 33-71665508-9
Legal person
Location: Autonomous City Buenos Aires
Date of social contract: 2019-09-20
Earnings: Company Earnings - VAT: Registered VAT
Employer: Yes
Active taxes:
COMPANIES EARNINGS [11/2019]
VAT [11/2019]
INFORMATION REGIMES [11/2019]
BP-SHARES OR PARTICIPATIONS [11/2019]
EMPLOYER-CONTRIBUTIONS SEG. SOCIAL [11/2019]
RET ART 79 LAW GCIAS INC A, BYC [07/2020]
Active regimes:
Withholding: INCOME FROM PERSONAL WORK UNDER A RELATIONSHIP OF DEPENDENCE AND OTHERS [07/2020]]
: STOCK HOLDINGS [11/2019]]
: PRESENTATION OF FINANCIAL STATEMENTS IN PDF FORMAT [10/2019]]
Activities:
# 1 [11/2019] 822000 - CALL CENTER SERVICES
»CALL CENTER SERVICES» ADMINISTRATIVE ACTIVITIES AND SUPPORT SERVICES
# 2 [11/2019] 619000 - NCP TELECOMMUNICATIONS SERVICES (INCLUDES PAGERS SERVICE)
»TELECOMMUNICATIONS SERVICES NCP» INFORMATION AND COMMUNICATIONS
# 3 [11/2019] 611090 - FIXED TELEPHONY SERVICES, EXCEPT LOCUTORIOS
»FIXED TELEPHONY SERVICES» INFORMATION AND COMMUNICATIONS
Hello – ANONYMOUS –, many clients have written to us saying that they have recovered. IF YOU WANT TO SEE NAMES AND ADDRESSES OF THESE SCAMMERS CLICK HERE, they can contact the press and local television to investigate and film all those involved in the scam, both the commercials and the bosses, they are all accomplices because they know perfectly well that they are scamming customers. Things cannot stay like this, we have to recover that money that they have stolen. Thanks for commenting on Xtrade. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. DO NOT do it! It is a clear sign that they want to steal more money from you and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
They are scammers, they steal your money, they do fake operations to inflate the accounts and then they won't let you withdraw, don't enter !!!
Hi Beto, thanks for commenting on Xtrade. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, the money is not put on the market, they only show it and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
Xtrade is a scam, it is manipulated so that you lose your money, so do not make your money uncertain there, you will surely lose it.
Hello Ramón, many clients have written to us saying that they have recovered. IF YOU WANT TO SEE NAMES AND ADDRESSES OF THESE SCAMMERS CLICK HERE, they can contact the press and local television to investigate and film all those involved in the scam, both the commercials and the bosses, they are all accomplices because they know perfectly well that they are scamming customers. Things cannot stay like this, we have to recover that money that they have stolen. Thanks for commenting on Xtrade. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. DO NOT do it! It is a clear sign that they want to steal more money from you and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.