XoTradeFx review – Is xotradefx.com scam or safe?

XoTradeFx review – Is xotradefx.com scam or safe?

Beware! XoTradeFx is an offshore broker! Your investment may be at risk.


XoTradeFx Key Facts

🔴 XoTradeFx offers suspicious products and services. A scam sign!

🔴 XoTradeFx hides basic corporate information. Red flag!

🔴 XoTradeFx has no license to sell financial services. Red flag!

🔴 XoTradeFx is a newly registered website. A disturbing sign!

XoTradeFx products and services

XoTradeFx offers Bitcoin investment plans but doesn't care to specify anything about the service. What they claim is that they can help traders and investors buy Bitcoins and start investing. It's advertised as a high-yield investment programme, which is a red flag itself. They speculate with Bitcoin investments to create excitement and facilitate fraud.

People should always be cautious when dealing with businesses offering enormously high yields because it's scammers' trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it's a scam, so beware.

XoTradeFx company and regulation

XoTradeFx is apparently the website of XOTRADEFX, a fake company or an offshore IBC, for it's impossible to trace them. They claim to have a market cap of 526.76 billion dollars, which is a ridiculous statement. We researched for a license but couldn't find a legitimate company associated with this scheme. That's a scam. We plead traders and investors to deal with legit companies only. Read on to see why this is the best way to avoid fraud.

The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.

While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to. 

Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.

XoTradeFx address and contacts

XoTradeFx lists 209 S LASALLE ST #10 CHICAGO IL 60604 UNITED STATES as their headquarter address. However, it's impossible to link this address with this investment programme, so that's a misleading piece of information. They do not reveal their contact numbers, so it's just a fraudulent non-transparent business.

Transparency is crucial when talking about brokers and investment companies, and it's part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it's generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company's legitimacy.

Xotradefx.com website info

Xotradefx.com is a domain name registered on 22th of August 2020, so it's only half a year old at the time of writing. The age refutes their claims to have almost 70 000 customers.

It's registered on Netherlands IP address: co-hosting 75 websites at the time of writing. Many of the domains are linked to companies offering investment schemes.

Alexa doesn't even rank them, so it’s a highly unpopular website people do not trust. The Alexa ranking isn’t a key determinant, but the lack of popularity isn’t a good sign whatsoever, especially when they claim to serve almost 70 000 customers.

Xotradefx.com uses privacy protection services to hide the ownership of the website. The latest trend in the privacy policy around the world denies it should be a problem but considering it's an investment service, we might as well consider this a disturbing sign.

Here are other shady investment schemes based on the same IP:

FxOptionProBallena Capitals
XoTradeFxEra TradeFx
FX Cloud Vest

Scam warning

We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority. 

However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.

Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.

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  1. I have invested in this community; they say that I have to send them money to withdraw, but it was a lie. I still can’t start the money. I don’t know who can help me cause now I’m broke

  2. XoTradeFx.com is a scam company. Please do not invest and do not run out of money

  3. This is also linked with Naxcomexchangeinc.com and several others. You can also link this to the names on Quora.com as Michael Page, Jeffery Greene, Jeffery Pat and several others. They got me for over $11,500 and I dont know how to get it back. I probably wont.

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