Xpoken is a forex broker that claims to offer a variety of trading products and services. However, there are a number of red flags that suggest that Xpoken is a scam.
Company Overview
There is no specific information on their establishment time. From some online forums and reposting sites, we came to know that the company is registered in Saint Vincent and the Grenadines, which is a well-known offshore haven for scammers. Xpoken does not have any legitimate licenses or registrations, and it is not regulated by any major financial authority.
Does Xpoken Have Any License?
No, Xpoken does not have any license to operate as a forex broker. We did not find any license information on their website. The company is not regulated by any major financial authority, including the Financial Conduct Authority (FCA) in the UK, the Securities and Exchange Commission (SEC) in the US, or the Australian Securities and Investments Commission (ASIC).
Is Xpoken Regulated By Any Authority?
No, it is not regulated by any authority. The company is registered in Saint Vincent and the Grenadines, which is a well-known offshore haven for scammers. There is no government oversight of forex brokers in Saint Vincent and the Grenadines, which means that there is no way to protect investors from fraud.
Pros and Cons
Pros:
- The minimum deposit is low.
- The spreads are competitive.
Cons:
- Xpoken is not regulated by any major financial authority.
- There are a number of red flags that suggest that Xpoken is a scam.
- There have been reports of customer complaints about Xpoken.
How Does Xpoken Reach To Their Prey?
Xpoken uses a variety of methods to reach their prey. They often advertise on social media and other websites, and they may also cold call potential investors. Xpoken’s representatives are very persuasive, and they often make promises of high returns with little risk.
Technical Details
Minimum Deposit:
The minimum deposit for Xpoken is $100. They have three account options.
Trading Platform:
Xpoken uses the WebTrader trading platform. Their web trader’s name is XpTrade.
Spread:
The spreads offered by Xpoken are competitive. However, it is important to note that spreads can fluctuate, and they may not always be as competitive as advertised.
Leverages:
Xpoken offers high leverage, which can magnify profits but also losses. It is important to use leverage carefully, and only with funds that you can afford to lose.
Packages and Products They Offer
Xpoken offers a variety of trading products and services, including forex, CFDs, and cryptocurrencies. The company also offers a variety of account types, each with its own set of features and benefits.
Withdrawal and Deposit Method
Xpoken offers a variety of withdrawal and deposit methods, including credit cards, debit cards, and wire transfers. However, there are a number of reports of customer complaints about Xpoken’s withdrawal process.
What Do Their Previous Traders Say?
There are a number of reports of customer complaints about Xpoken. Some traders have complained about difficulty withdrawing funds, while others have alleged that they were scammed by Xpoken.
Summing Up- Why Should Not You Trust Xpoken?
There are a number of reasons why you should not trust Xpoken. The company is not regulated by any major financial authority, and there are a number of red flags that suggest that Xpoken is a scam. Additionally, there have been reports of customer complaints about Xpoken.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money to Xpoken, you may be able to recover your funds with the help of a financial recovery service. To choose the right options, you can contact us. We will provide you with free consultation and recovery service recommendations to help you in choosing the right service.
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Final Thoughts
Xpoken is a scam broker that should be avoided. If you are considering trading with Xpoken, we request you reconsider. There are many legitimate forex brokers available, and you should choose one that is regulated by a reputable financial authority.
If you have any questions or concerns about Xpoken, please feel free to contact us. We would be happy to help you in any way that we can.
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