✔️ Information reviewed and updated in May 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 |
| 📌 Address | 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.
Really, that xtrade company is a scam, I do not recommend it, they make you deposit and then they rob you, they are live thieves
Hi Gretel, 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.
Hello, I also feel SCAMMED with the people of XTRADE I invested with them at first with cryptocurrencies and later with a credit card and as everyone has happened they seduce me and with lies. First of all, enter through an advertisement on the internet and the first one I talk to is with JUAN TORRES, the email is [email protected] and then my advisor is FERNANDA LOPEZ from Uruguay AND HER MAIL is [email protected] and her whatsApp is 598 94 640 438 which at first was very kind to later scam one of them, I even wanted him to continue investing more, I even stepped up to other leaders of her to convince me to continue investing to earn more but nothing, they even sent me A document for me to sign, it is a deposit statement and they also ask me for the last numbers of my card but since it is a virtual card they ask me for an extract because my name does not appear on the card of the screenshot I send them, and then The signature is not the same as that of the ID, they ask me for a receipt with my address, my identity document, and I ask for a refund and it does not leave me, totally scammed. For people who want to enter XTRADE I do not recommend it, it is better to look for a better regulated Broker.
Hi Alexis, 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 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.
Good afternoon, I lost 12,000 dlls in a week, just like you waiting for the advisor to know the business, the advisor Bastian Lorenz.
Hi Liliana, 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.
Hi good day.
In a moment of momentum I deposited 250 USD to this platform they communicated with me but they did not give me confidence.
Now I want to withdraw my money but they ask me for different papers, I don't know what to do, whether to consider that money lost or if someone knows a solution.
The person who supposedly attended me is German Martínez [email protected] and they called me from Uruguay although I did not answer them the number is 59826238165
Hi Gustavo, thank you for sharing your experience with 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 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
regards
Good afternoon. I was also a victim of these XTrade scammers, I have read all the messages and it is the same strategy, I was attended by two "account managers" who convince anyone. It is true that these scammers should be sued collectively. I was contacted by Messrs. Dario Garin, email [email protected] and Emilia Vasquez mail [email protected].
I am attentive to your suggestions to sue these bandits and recover our money and also inform everyone so that no more people fall with these scammers.
Hi Cesar, thank you for your information about 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 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 took most of my savings from me, I didn't know how to get over it. Luckily I found you and contacted the chat girl and mychargeback. I decided to give it a try, just to see if it worked and after a few days they managed to get my money back. It really works and my advice is to try it, you will lose nothing.
Hello Mateo, Great !!!, Thank you very much for warning, we are very happy that you have achieved it, now be careful if you invest again, check the brokers before trusting one, here we have almost all of them.
For others who want to get their money back, they should try talking to our chat or click on this link:
https://brokersrecomendados.com/reclama-tu-dinero-te-ayudamos/
If you want to see our ranking of the recommended brokers 2021 click HERE
Greetings and good luck.
I was ripped off by a scam dog from xtrade
Ernesto S. ernestos @ xtrade.com
with Mexico number +52 55 4161 8833
a scammer and this company is trash like its workers, scammers from first to last
Hi Manuel, thank you for sharing your experience with the Xtrade Broker. 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 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
regards
I was scammed too. I initially gave them US $ 1,000 but soon realized that it could be a scam. I asked for my money back but they didn't. In response they closed my account. They never answered. Then I canceled my credit card, but I noticed that they had already withdrawn not 1.000 but 2.640 dollars. They were Uruguayans and the money was sent to China where the bosses should be.
The one who attended was called Fernanda. Hopefully the Coronavirus takes her away.
Hi Adolfo, thank you for sharing your experience with Xtrade. 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 link: CLAIM YOUR MONEY, WE HELP YOU
regards
I was scammed by xtrader. Every day they asked me for more money saying that if I did not make the deposit I would lose everything until the moment came that I could not deposit more because they had taken everything out and they closed all the operations in loss. It's a lot of money. And to date they still tried to get money from my husband's card.
Hello Dunia, thank you for sharing your experience with Xtrade. 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. About the card, you should communicate this to your bank.
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? Everything you mention about Xtrade sounds really bad.
regards
THEY HAVE ALSO BEEN SCAMMED I WANTED TO WITHDRAW MY MONEY AND I WAS ALMOST TWO MONTHS WAITING FOR IT TO BE RETURNED AND IT NEVER HAPPENED, IT WAS IN PROCESS ... I CALLED MANY TIMES AND THEY SAY THE SAME THING ... THE ACCOUNT AND STILL IS STILL THERE WITHOUT CANCELING IT ... PLEASE DO NOT USE THIS APPLICATION IT IS A SCAM ...
Hi Rai, thank you for sharing your experience with Xtrade. 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 people who contacted you, numbers, emails from which they have contacted you?
regards