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XPROMARKETS is a forex and CFD broker that claims to offer over 300 trading instruments, low spreads, fast execution, and excellent customer service. But is XPROMARKETS a legit broker or a scam? In this review, we will examine the features, regulations, fees, and reputation of XPROMARKETS to help you decide if it is worth your time and money.
What is XPROMARKETS?
XPROMARKETS is an online trading platform that was founded in 2019 and is based in St. Vincent and the Grenadines. The broker offers access to various markets, including forex, indices, commodities, stocks, and cryptocurrencies. XPROMARKETS claims to provide a user-friendly and secure trading environment, with advanced trading tools, educational resources, and 24/7 support.
However, there are some red flags that suggest that XPROMARKETS may not be a trustworthy broker. First of all, XPROMARKETS is not regulated by any reputable authority, such as the FCA, CySEC, or ASIC. This means that the broker does not have to comply with any rules or standards regarding client protection, fund segregation, or dispute resolution. If you trade with an unregulated broker, you are exposing yourself to a high risk of fraud, manipulation, or loss of funds.
Secondly, XPROMARKETS does not provide much information about its trading conditions, such as the minimum deposit, leverage, spreads, commissions, or withdrawal fees. The broker also does not disclose the types of accounts or platforms it offers. This lack of transparency makes it hard to compare XPROMARKETS with other brokers and to assess its competitiveness and fairness.
Thirdly, XPROMARKETS has a very poor reputation among online traders and reviewers. Many users have complained about the broker’s unethical practices, such as refusing to process withdrawals, closing trades without consent, manipulating prices, and harassing clients with phone calls and emails. Some users have even accused XPROMARKETS of being a scam that steals money from unsuspecting traders.
Based on our research and analysis, we do not recommend trading with XPROMARKETS. The broker is unregulated, untransparent, and unreliable. There are many other brokers that offer better services, security, and reputation. You should always do your due diligence before choosing a broker and avoid any broker that seems too good to be true.
What to Do If You’ve Lost Money with XPROMARKETS?
If you have been scammed by XPROMARKETS or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.