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Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
|Risk Management Index||0.00|
No valid regulatory information, please be aware of the risk!
+91 484 2384000
UAE Exchange & Finance Ltd
Platform registered country and region
Pyramid scheme complaint
I deposited 3,000 and gained 200. But I was unable to withdraw the profit. Can anyone help me?
One day i got a call from a trading company called Xtrade.com and they told me about the financial markets and the trading platform. They told me that Xtrade is the most trusted trading platform in the world and Football Player Cristiano Ronaldo is their brand ambassador. I made an investment of USD 1000 to start with the trading account and then i made another investment of USD4000. I lost all the complete deposit with the help of their trading advisor Mr Sanjay Kumar. After that he stopped.
Xtrade is allegedly a public limited company established in the year 1994 in India that provides its clients with online and offline trading in rich financial instruments as well as a wide range of financial services.
Products & Services
Xtrade advertises that it offers a variety of products and services, including products of futures & options, mutual funds, equity, currency and commodity, as well as investment advisory, trading and broking services and depository services.
Xtrade provides its clients with demo accounts, as well as live accounts of Demat and trading accounts, yet no more details can be found on its official site without a login.
Trading Platform Available
When it comes to trading platforms available,Xtrade gives traders three choices: the mobile app, the Web and desktop, yet the broker didnt disclose any information about the name of these trading platforms. We suggest you use MetaTrader4 or MetaTrader5 as the trading platform. As most traders know, the MT4 and MT5 are known as the most successful, efficient, and competent forex trading software. The MT4 offers an intuitive and user-friendly interface, advanced charting and analysis tools, as well as copy and auto-trade options. While the MT5 allows traders to execute trades on different financial markets through a single account and there is a hedging option.
Xtrade charges some fees. The minimum brokerage for a day is Rs. 20 or 2.5% of the days total volume whichever is high, while the call and trade charges ₹50 extra. The maintenance charge for Demat or trading account is Rs. 350. Folio /SMS /courier charges Rs. 100. Also, there are some taxes, just as the below screenshot shows.
Xtrades customer support can be reached by telephone: +914842384000, email: email@example.com or leave messages online to get in touch. Besides, you can also follow this broker on some social media platforms like Twitter, Instagram, Facebook, LinkedIn and YouTube. Registered Office: No-63, Artillery Road, Ulsoor, Bangalore – 560 008. Administrative Office: Second Floor, Habeeb Tower, M G Road, Kochi – 682 011.
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