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XbtFxTrade

Cayman Islands|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://xbtfxtrade.com/

Website

Rating Index

Contact

+1 830 542 2637
Support@xbtfxtrade.com
https://xbtfxtrade.com/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away! 4
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The Cayman IslandsCIMA regulation (license number: 1383491) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

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XbtFxTrade · Company Summary

General Information & Regulation

XbtFxTrade was founded in 2009 by a group of professionals with deep backgrounds in finance, forex, and technology to help investors pursue their financial goals, providing them with a transparent trading environment and a robust trading platform. xbtFxTrade's official website does not show any valid regulatory information.

Market Instruments

XbtFxTrade offers investors over 180 financial instruments, including 40 Forex currency pairs and a large number of CFDs for commodities, indices, and stocks.

Minimum Deposit

XbtFxTrade offers four different trading accounts on its platform: Fort (minimum initial deposit of $600), Flex (minimum initial deposit of $2,000), Star (minimum initial deposit of $3,000), and Pro (minimum initial deposit of $7,500).

Leverage

When it comes to trading leverage, the maximum leverage level offered by XbtFxTrade for forex trading is up to 1:500, which is considered high. Since leverage, can amplify both profits as well as losses, inexperienced traders are not advised to use high trading leverage.

Spreads & Commissions

The official website of XbtFxTrade claims that the spreads on Forex currency pairs are as low as 0 pip but does not provide specific information on the spreads of any financial instruments.

Trading Platforms

XbtFxTrade claims to offer traders an MT4/MT5 trading platform, but no information is shown on its website, which is probably just a false advertisement.

Deposit & Withdrawal

XbtFxTrade supports traders to deposit and withdraw funds to and from their investment accounts via VISA, MasterCard, wire transfer, Skrill, PayPal, China UnionPay, and Neteller.

Broker Information

Company Name

XbtFxTrade

Company Abbreviation

XbtFxTrade

Regulatory Status

Suspicious Clone

Platform registered country and region

Cayman Islands

Company website
Phone of the company
  • +1 830 542 2637

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Company address

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Linkedin

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Customer Service Email Address
  • Support@xbtfxtrade.com

Company Summary

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