✔️ 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 agree with all the previous comments that I have read in my case they were riding my money for a month and a half and only once did a supposed advisor communicate with me but I had the bad luck that at that moment the power went out here at home. He hung up without giving time to anything and he never contacted again I only had communication by email with the person who gave me the information and then he got lost he did not answer the emails I claimed my money they returned only a part not everything I invested careful with these traces do not invest here.
Hi Javier, 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, yesterday I deposited 400.000 thousand Chilean pesos to the Xtrade online trading page.
They asked me for some verification documents.
I was contacted by a person yesterday who will be my investment advisor. I haven't done anything yet.
If I made a mistake by not asking how to get my money. I want to get it back.
How can you help me?
Thank you
Hi A, 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.
I was scammed by Xtrade, I invested 200 dollars, in the first week the operations closed in small profit, and then with very large losses until I ran out of capital.
Hi Magaly, 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, good day, I almost fell, they contacted me from Uruguay and they sent me a link to download the application, I decided to investigate a little and I realized that the Facebook posts with famous people were FALSE so when they called me again I told them that It was a scam, and I hung up on them.
Hello Nohora, this is a clear example of what to do, first of all investigate and then think well where the money is put, verify that everything fits. We are happy for you.
Greetings.
Good morning to me the same thing happened to me that andres use news with famous people from Colombia, but then if you realize it is false news, supposedly from millionaire investments and you do the registration and then the xtrade thieves call you, they are lying scammers
thanks for your comments friends about these thieves, they just saved me a big headache
blessings
Hi Marco, we are glad to have been of help, thank you for writing and 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.
Indeed they are scammers, I found out about them through a publication in a well-known newspaper in Colombia where they spoke wonders about this way of earning money, trusting this I signed up, they called me and I deposited 250 dollars, but they kept persuading me to deposit more money exactly 500 dollars because according to her, there was a promotion and that is why they gave me 230 dollars more to start investing. The story is that I consigned 500 dollars... clearly after the sweetened one and being calmer I began to find out when or surprise all those negative comments, I automatically called my bank but it was too late the money had been wired, I entered the account and immediately I requested the withdrawal, I did not make any transaction, that is if he wrote to me and called Cristian (Sánchez [email protected] +598 2623 8503) to start the transactions which I did not want to do, I did not move anything !! They rejected the first attempt to withdraw and the second attempt was partially approved, I recovered 250 dollars and the others do not want to return it to me because according to them I must have an electronic wallet only skrill or neteller which are also scam pages from what I have been able to find out !! How is the situation going, the safest thing is that I already lost those 250 missing dollars ... they will not lose all the money, from what I could tell it is just a strategy to generate some security in me, if I keep falling but I will not move That money, if they steal from me, they will do it in front of me! and I already deleted my account from your system.
Hi Andrea, 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.
Someone can tell Fultolista CristianoRonaldo not to lend himself and take his picture from this page. He is a mega millionaire and does not need to be part of that mafia… .. see https: // efxto .com / brokers / reviews / xtrade
Hello everyone. I wish I could give my name here, but I feel sorry for being such a fool to have made money with Xtrade .com. The thing is, it went well for me and I was betting well. I came before from a very close school of TRADING tools management… .my own brother with good experience. Of course, long before I had a nice experience with a company in Costa Rica that trained us many hours without salary and those of us who rose to a higher and higher level, finally did not hire. That is to say, I am not a novice and although I lost only $ 200, just when I felt that I was already gaining something quite bad. Request withdrawal of my capital according to the agreed rules and regulations. Suddenly the communication was disconnected and I have the emails sent from me. They had the luxury of answering me but I never received the money and the communication was blocked from them. Please, that for the little amount that is 200 dollars in many countries they are sued, or foreclosed on a mortgage. I am willing to show my emails and a phone from where they called me from Uruguay. If you write to me, I can facilitate everything in order to sink you.
Hello Don Cuco, thank you 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.
It is a SCAM, they excite you with small profits and then pressure you to deposit more, and the operations fall negative. They call you and urge you to deposit more, to support and not lose your balance. Finally it falls the same. They never contact you again.
I lost more than 30 thousand dollars.
Does anyone have a real testimony of his recovery of money by some company? We would all appreciate it.
Hi Edo, 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.
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, do not fall there
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.