Xtrade – Is it scam or safe?
Xtrade is a trade name of Xtrade Europe Ltd (ex. XFR Financial Ltd) that is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). The CySEC license allows it to offer financial services, including forex.
However, there are some posts in forex forums that inform about money withdrawal difficulties, poor investment advice and pushing customers for more trading activity. Besides, in May 2017 the CySEC announced it had partially suspended the CIF license of Xtrade due to alleged violation of legal regulations.
So far, we haven’t received any complaints from clients of Xtrade.
If you feel frustrated by Xtrade and have something to share with us, please fill in the form below, describing your case: