In the ever-evolving landscape of cryptocurrency trading, the allure of quick profits often draws both novice and seasoned investors into the world of digital assets. While legitimate cryptocurrency exchanges have flourished, so too have fraudulent platforms seeking to exploit the enthusiasm of unsuspecting traders.
Company Overview
Established in 2018 and registered in Seychelles, XT Crypto has its operating headquarters in Dubai. Currently, they have operation centers in Singapore, Europe, and other countries of regions. They claim they are a socially infused platform and have a great client base.
Does XTCrypto Have Any License?
No, XTCrypto does not have any license. They mentioned being registered in Seychelles but did not show any proof of their registration.Is XTCrypto Regulated By Any Authority?
No, XTCrypto is not regulated by any authority. According to their website, they are operating from Dubai and have offices in many locations. But, we did not find any regulations from the respective countries. Instead, we found two warnings from FSMA (Belgium) and CNMV.
Pros and Cons
Pros:
- Wide range of services
- Low trading fees
Cons:
- Not regulated by any authority
- Many negative reviews from traders
- History of manipulating cryptocurrency prices
How Does XTCrypto Reach To Their Prey?
XTCrypto uses a variety of methods to reach potential victims, including:
- Online advertising
- Social media marketing
- Email marketing
- Cold calling
Technical Details
XTCrypto’s trading platform is web-based and can be accessed from any device with a web browser. The platform is user-friendly and offers a variety of features, such as charting tools, technical indicators, and order types.
Minimum Deposit:
The minimum deposit for a live trading account with XTCrypto is 0.01 BTC.
Trading Platform:
XTCrypto’s trading platform is web-based and can be accessed from any device with a web browser. The platform is user-friendly and offers a variety of features, such as charting tools, technical indicators, and order types.
Spread:
The spread on XTCrypto is variable, but it is generally higher than the spread offered by regulated brokers.
Leverages:
XTCrypto offers a variety of leverage options, up to 100:1 for margin trading.
Packages and Products They Offer
Account tiers are named VIP0 through VIP12. Higher account tiers can expect lower fees, starting with 0.2% for both Maker and Taker, reduced to 0.02% for VIP12. The trading volume for reaching VIP12 is over 30,000,000 USD, which is quite unrealistic. These sorts of tiered accounts are favored by fraudulent companies, with NFX being a clear example.
Withdrawal and Deposit Method
XTCrypto accepts a variety of deposit and withdrawal methods, including:
- Cryptocurrency deposits and withdrawals
- Fiat deposits and withdrawals (via bank transfer or credit/debit card)
What Do Their Previous Traders Say?
There are many negative reviews of XTCrypto from traders. Traders complain about XTCrypto’s poor customer service, difficulty withdrawing funds, and history of manipulating cryptocurrency prices.
Summing Up- Why Should Not You Trust XTCrypto
There are many reasons why you should not trust XTCrypto, including:
- XTCrypto is not regulated by any authority.
- They have a history of manipulating cryptocurrency prices.
- XTCrypto has many negative reviews from traders.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have been scammed by XTCrypto, you may be able to recover your funds. There are a number of companies that specialize in recovering funds from scam brokers.
You can contact us for a quick help. We offer a free consultation call to help you assess your case and recommend the best recovery service for you.
File A Complaint Against Scam Broker's
Final Thoughts
XTCrypto is a scam broker that you should avoid at all costs. There are many regulated and reputable cryptocurrency brokers that you can choose from.
If XTCrypto has scammed you, please contact us for a free consultation call. We can help you assess your case and recommend the best recovery service for you.
You Can Read Our Other Scam Reviews
Is Metamax.vip Legit or A Scam Broker?
Warning: Potential Risks Associated with Metamax.vip Metamax.vip has recently come under intense scrutiny, with multiple sources raising significant concerns about its legitimacy and safety for
Is Gigcraftedvx.top Legit or A Scam Broker?
Warning: Potential Risks Associated with Gigcraftedvx.top Gigcraftedvx.top presents itself as a cryptocurrency trading platform, but multiple reputable sources have raised significant concerns about its legitimacy
Is Hfmarketst.com Legit or A Scam Broker?
Warning: Lack of Verifiable Information for Hfmarketst.com After conducting an extensive search across multiple platforms including Google, Trustpilot, Reviews.io, and Invest-reviews.com, there is a notable
Is www.y7311.xyz Legit or A Scam Broker?
Warning: Potential Risks Associated with www.y7311.xyz In the rapidly evolving world of online platforms, it is crucial to exercise caution and conduct thorough research before
