XTraderFX was an unlicensed Forex & Crypto Currency broker that opened in May 2018. This broker is now out of business!
If you are trying to get your money back, read this.
Warning! This Broker is NOT Licensed…
Only invest with a legal broker, look here
XTraderFX Review
Our review finds that they are offering the new Tradologic CFD Crypto trading software. This trading platform has only Crypto Currency pairs, against each other and the US dollar. Their website is available in English, German and Russian.
Two options are available, the Simple or Pro trading platforms. Shown below is a screenshot of their Pro trading software. Minimum deposit for a new trading account is £250, and the minimum withdrawal amount is £50. This broker charges commissions on each trade, and inactivity fees of £50 if you do not place a trade for 3 months.
Investors will not find the MetaTrader4 software or a mobile trading apps available, Try an authentic licensed broker instead.
Most people investing at XTraderFX were solicited via a “get rich quick” automated trading app. The problem is, these trading signal apps are useless, and you lose your money quickly. You can read more about the problems with trading robots.
XTraderFX License Check
Scam Broker Investigator reviews hundreds of Forex & Crypto Currency CFD brokers to see if they are a scam or legitimate brokers. The way to properly assess a Forex broker is by checking to see if FCA United Kingdom has authorised them, or if they are licensed by CySEC.
XTraderFX does not have a license! They claim to be owned by GPAY Ltd, with an address of: 18 Stoke Road, Slough, SL2 5AG United Kingdom, but that isn’t true.
Contact phone numbers are now: United Kingdom: +44 2039666921, and Germany: +49 3030806693. Email address is: [email protected] or try [email protected]. The official website was xtraderfx.com, then XTraderFX.net, and now https://www.xtrader-fx.com/.
The FCA has warned investors that this broker is not authorised, read more. You should read reviews of the most popular licensed Crypto and Forex brokers listed here.
Compare Crypto Brokers
Smart investors often get overwhelmed, with so many Forex brokers to choose from and compare. Here are a couple of brokers that are popular.
ForTrade are the best legitimate brokers, since they are regulated by the FCA & ASIC, look here.
Tryout a Free Demo Account, on their award winning trading platform, signup here.
If you are already investing with XTraderFX , please share your experience in the comments section below.