Company OverviewXbttrade is a relatively new broker, having been founded in 2014. The company is registered in Saint Vincent and the Grenadines, which is a well-known offshore financial center. Xbttrade does not have any regulation from any major financial regulator, such as the Financial Conduct Authority (FCA) in the UK or the Australian Securities and Investments Commission (ASIC).
Does Xbttrade Have Any License?No, Xbttrade does not have any license from any major financial regulator. The company is registered in Saint Vincent and the Grenadines, but this does not mean that it is regulated there. Saint Vincent and the Grenadines is an offshore financial center that is known for being a haven for scammers.
Is Xbttrade Regulated By Any Authority?
No, Xbttrade is not regulated by any authority. The company claims to be regulated by the SVGFSA, but the SVGFSA is not a legitimate financial regulator. The SVGFSA is a shell organization that is set up by scammers to give the appearance of legitimacy.
Xbttrade Pros and Cons
- Xbttrade offers a variety of trading products and services, including forex, CFDs, and cryptocurrencies.
- Xbttrade is not regulated by any major financial regulator.
- Xbttrade has a history of complaints from traders who have lost money.
- Xbttrade is difficult to contact, and there have been reports of the company disappearing with customer funds.
How Does Xbttrade Reach To Their Prey?
Xbttrade targets new traders who are looking for a way to make money online. The company uses a variety of methods to reach these traders, including:
- Online ads: Xbttrade places ads on websites that are popular with new traders. These ads often make false promises of easy money.
- Social media: Xbttrade has a presence on social media platforms such as Facebook and Twitter. The company uses these platforms to promote its services and to attract new traders.
- Affiliates: Xbttrade has a network of affiliates who promote its services to new traders. These affiliates earn commissions for every trader who they sign up.
Technical Details of Xbttrade
- Minimum Deposit: The minimum deposit requirement for Xbttrade is $250. This is relatively low, which makes it appealing to new traders who may not have a lot of money to invest.
- Trading Platform: Xbttrade uses the MetaTrader 4 platform. MetaTrader 4 is a popular trading platform that is used by traders all over the world. However, it is important to note that MetaTrader 4 is not a regulated platform. This means that there is no guarantee that your funds will be safe if you trade with Xbttrade.
- Spread: The spreads offered by Xbttrade are relatively high. This means that you will pay more to open and close trades.
- Leverages: Xbttrade offers high leverage. This means that you can control a large position with a small amount of money. However, high leverage can also magnify your losses.
Packages and Products They Offer
Xbttrade offers a variety of packages and products to traders. These include:
- Standard account: This is the most basic account type offered by Xbttrade. It offers a low minimum deposit and a variety of trading products.
- VIP account: This account type offers higher leverage and more trading features. However, it also requires a higher minimum deposit.
- Islamic account: This account type is designed for traders who follow Islamic law. It does not charge swap fees.
Withdrawal and Deposit Method
Xbttrade supports a variety of withdrawal and deposit methods, including:
- Credit cards
- Debit cards
- Bank transfers
What Do Their Previous Traders Say?
There are a number of complaints about Xbttrade online. These complaints include:
- Traders who have lost money
- Traders who have had difficulty withdrawing their funds
- Traders who have been unable to contact Xbttrade customer support
Summing Up- Why Should You Not Trust Xbttrade?
There are a number of reasons why you should not trust Xbttrade. These include:
- The company is not regulated by any major financial regulator.
- The company has a history of complaints from traders who have lost money.
- The company is difficult to contact, and there have been reports of the company disappearing with customer funds.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money to a scam broker like Xbttrade, you may be able to get your money back. There are a number of organizations that can help you, such as:
- Financial authorities
- Law enforcement
- Our experts
Our experts will provide you with a free consultation and service recommendations to help you in recovering lost funds.
File A Complaint Against Scam Broker's
If you are thinking about trading with Xbttrade, we urge you to reconsider. The company is a scam, and you are likely to lose money if you trade with them. There are many reputable brokers that are regulated and have a good reputation. You should choose one of these brokers instead of Xbttrade.
You Can Read Our Other Scam Reviews
Mychargeback is a company that claims to help people get their money back from fraudulent transactions. However, there is growing evidence that Mychargeback is actually
O2ex is a forex and CFD broker that claims to offer a variety of trading services to its clients. However, there are a number of