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Influence index NO.1
No valid regulatory information, please be aware of the risk!
Tempted by a scammer, I invested in virtual currency and was defrauded of $250,000. I lost more than 250,000 U.S. dollars by a group of Internet economic fraud. The incident started at the end of May, and was scammed by a man who claimed to be a mobile phone chip businessman in San Francisco, probably under the pseudonym CHENXIN. At the end of May 2023, I received a message sent to my mobile phone number 626-424-0640 asking if the tea he ordered had arrived. I told him to send the wrong message. He asked me if I was the owner of the tea house, and I said no. He said that fortunately we are both Chinese, and it would be too embarrassing to send the wrong message to Americans. After chatting and making friends, I was deceived by his professional communication skills and psychological control. He lied to me to register Crypto.com first, then crypto.com Defi wallet and then received the link xrradinc.co he gave. Transfer the crypto to xrradinc.om through the bank first, then transfer it to my Defi wallet, and then remit it to the fake transaction center xrradinc.ci provided by him. I have been induced to increase my principal many times through various means. Later, when I want to withdraw, it says that the wallet is abnormal, and I have to pay taxes and security deposits. A total of more than 250,000 US dollars has been continuously transferred from my Wells Fargo Bank to purchase virtual currency and others, all of which have been entered into the platform. The customer service sent me different counterfeit currencies from the coin merchants. In the wallet, 0xbe6a2cE283f62Df8Bc0FF4c305b67bc9f2F173Ad, 0x2973514E3729b6CBA9b9D3FD2D6717E72146d660, 0x5b75987b2a3f5210f56 525519ad11a4c70f2fd45. Friends with professional knowledge in this area are requested to help find Chen Xin, a big liar, and his gang. Seek justice for victims. The money I was supposed to save for my kids' college tuition. Because of family accidents, I was in urgent need of money, so I fell into the trap of a big liar. Now all the money has been cheated away, I regret it very much and feel ashamed. Expose it here so no people will get scammed.
|XR Trading LLC
|Chicago, IL 60661, USA
|Years of Establishment
|Agricultural Products, Energy, Equity Indexes, Forex, Metals, Treasuries
|Standard, Pro, Institutional
|Deposit & Withdrawal Methods
|Bank transfers, Credit/Debit cards, E-wallets
|Online contact form
XR Trading LLC, headquartered in Chicago, IL 60661, USA, is an unregulated market-making firm that has been operating for approximately 2-5 years. The company specializes in providing liquidity across a diverse range of financial instruments, including Agricultural Products, Energy, Equity Indexes, Forex, Metals, and Treasuries. XR Trading offers multiple account types, catering to a wide range of traders, from Standard to Pro and Institutional accounts, with a competitive maximum leverage of 1:500.
The broker prides itself on its low spreads, with some major currency pairs featuring spreads as tight as 0.2 pips. XR Trading's proprietary trading platform equips traders with cutting-edge tools for efficient execution and analysis. Depositing and withdrawing funds is made easy through bank transfers, credit/debit cards, and e-wallets.
It's crucial for traders and investors to exercise caution when dealing with unregulated brokers like XR Trading LLC, as they lack the oversight and safeguards provided by regulatory authorities.
The absence of valid regulation means that the broker operates without the scrutiny and compliance standards imposed by regulatory bodies, which are designed to protect the interests of traders and ensure fair and transparent market practices.
|Multiple Asset Classes
Market Presence: XR Trading is an established player in the market, known for providing liquidity across various asset classes.
Cutting-Edge Technology: The firm's in-house developed proprietary software and analytics give it a technological edge.
Multiple Asset Classes: XR Trading offers a diverse range of asset classes, allowing for portfolio diversification.
Affiliated Companies: The presence of affiliated companies enhances the firm's overall capabilities and reach.
Global Reach: With a London-based affiliate and a focus on global exchanges, XR Trading operates on a global scale.
Limited Information: Detailed information about account types, leverage, spreads, commissions, and other trading specifics is not provided in the initial overview.
Unregulated: XR Trading is not regulated by any valid regulatory authority, which can pose risks to traders in terms of investor protection and oversight.
XR Trading specializes in providing liquidity in a wide range of financial instruments across multiple asset classes. These asset classes include:
Agricultural Products: This category encompasses various agricultural commodities such as grains, livestock, and soft commodities. Traders can potentially participate in markets like corn, wheat, soybeans, and more.
Energy: Energy products typically include commodities like crude oil, natural gas, and heating oil. Traders interested in energy markets may find opportunities for both speculative and hedging purposes.
Equity Indexes: Equity index trading involves instruments linked to the performance of stock market indices. It allows traders to speculate on the overall performance of a market or specific sectors without owning individual stocks.
Foreign Exchange (Forex): Forex trading involves the exchange of one currency for another. XR Trading likely offers a range of currency pairs, enabling traders to speculate on currency price movements.
Metals: This category covers precious metals like gold, silver, and platinum, as well as industrial metals like copper. Metals are traded for various purposes, including investment and industrial use.
Treasuries: Treasury securities are government bonds issued by a country's Treasury Department. These instruments are considered safe-haven assets and are commonly traded for their stability.
|A basic trading account suitable for most traders.
|Designed for more experienced traders seeking advanced features and lower spreads.
|Tailored for institutional clients with specific needs and larger trading volumes.
Opening an account with XR Trading typically involves several steps:
Visit the Website: Start by visiting the XR Trading website at https://xrtrading.com.
Navigate to Account Opening: Look for a dedicated section or page on the website that guides you through the account opening process.
Complete the Application: You will likely need to fill out an application form with personal and financial information. Ensure that you provide accurate details.
Verification: XR Trading may require you to provide supporting documents for identity verification and compliance purposes. These documents may include government-issued ID, proof of address, and financial statements.
Agree to Terms and Conditions: Read and agree to the terms and conditions, including risk disclosures and any other relevant agreements.
Fund Your Account: After your account is approved and verified, you can fund it with the required initial deposit.
Leverage is a powerful tool in the hands of traders, allowing them to amplify their market exposure with a relatively small amount of capital. XR Trading offers a flexible leverage structure, varying by account type and asset class.
For example, traders with a standard account have access to leverage levels of up to 1:100, while those with a pro account could potentially access leverage of up to 1:500 on certain currency pairs.
While leverage can enhance potential profits, it's essential to recognize the associated risks. High leverage also magnifies potential losses, and traders must exercise caution and employ risk management strategies to safeguard their investments.
Spreads and commissions are pivotal factors for traders when assessing the overall cost of trading with XR Trading. The broker aims to maintain competitive spreads across a wide range of instruments, ensuring that traders can access favorable pricing.
For instance, major currency pairs might feature tight spreads as low as 0.2 pips, while other assets such as equity indexes may have slightly wider spreads due to market conditions.
Commissions at XR Trading are generally low, with standard accounts benefiting from commission-free trading on certain assets. Pro account holders, on the other hand, might face a nominal commission on each trade, which can vary depending on the traded instrument.
XR Trading provides its traders with a cutting-edge proprietary trading platform that offers a comprehensive suite of tools and features. The platform is designed to empower traders to execute trades efficiently, analyze market trends, and manage their positions effectively.
Within the XR Trading platform, traders can access real-time market data, advanced charting tools, technical indicators, and customizable workspace layouts. This suite of features enables traders to conduct in-depth technical analysis, make well-informed trading decisions, and react swiftly to changing market conditions.
Depositing and withdrawing funds with XR Trading is a seamless process, thanks to the broker's wide range of secure and convenient options. Traders have the flexibility to choose from various methods to manage their accounts.
Common deposit methods include bank transfers, credit/debit cards, and digital payment solutions like e-wallets. Bank transfers are ideal for larger deposits, while credit/debit cards and e-wallets offer quick and easy transactions for smaller amounts.
Customer support at XR Trading is facilitated through multiple channels, ensuring that traders have avenues to seek assistance and address their inquiries. Located at 550 West Jackson Boulevard, Suite 1000, Chicago, IL 60661, traders have the option to contact XR Trading's physical office, providing a direct point of contact for those seeking in-person assistance or meetings.
Additionally, XR Trading offers an online contact form on their website. This online form serves as a convenient way for traders to submit their questions, concerns, or requests electronically.
Educational resources play a vital role in helping traders enhance their knowledge and skills. XR Trading may offer a range of educational materials, including:
Educational articles: Informative articles on various trading topics.
Webinars: Live or recorded webinars covering market analysis and trading strategies.
Tutorials: Step-by-step guides on using their trading platform and tools.
Market Insights: Regular updates on market conditions and trends.
Demo Accounts: Practice accounts for traders to test strategies without risking real capital.
In conclusion, XR Trading LLC, headquartered in Chicago, IL, is an unregulated market-making firm with a focus on providing liquidity across a wide range of financial instruments. While the company boasts cutting-edge technology and a diverse offering of asset classes, including Agricultural Products, Energy, Equity Indexes, Forex, Metals, and Treasuries, it's important to note the absence of regulatory oversight, which can pose risks to traders.
XR Trading offers multiple account types with competitive leverage and spreads. Their proprietary trading platform equips traders with advanced tools, and depositing and withdrawing funds is made convenient through various methods.
However, potential clients should exercise caution due to the lack of regulatory supervision and seek further information on specific trading conditions and risk management strategies before engaging with XR Trading.
Q: Is XR Trading regulated by any financial authorities？
A: No, XR Trading is an unregulated market-making firm, which means it operates without oversight from financial regulatory authorities.
Q: What is the maximum leverage offered by XR Trading？
A: XR Trading offers a flexible leverage structure, with levels varying by account type and asset class, but it can go up to 1:500 for certain currency pairs.
Q: Can I open a demo account with XR Trading to practice trading strategies？
A: Information about demo accounts is not provided in the available details, so it's advisable to contact XR Trading directly to inquire about their demo account offerings.
Q: What deposit methods are available for funding my XR Trading account？
A: XR Trading likely supports various deposit methods, including bank transfers, credit/debit cards, and e-wallets, providing flexibility for traders.
Q: How do I contact XR Trading's customer support？
A: You can reach XR Trading's customer support through their online contact form on their website or by visiting their physical office at 550 West Jackson Boulevard, Suite 1000, Chicago, IL 60661.
Q: What types of educational resources does XR Trading offer to traders？
A: XR Trading may provide educational articles, webinars, tutorials, market insights, and demo accounts to help traders enhance their knowledge and skills.
Q: Can I get more information about XR Trading's account types and trading conditions？
A: Detailed information about account types, leverage, spreads, commissions, and other trading specifics is not provided in the initial overview, so it's recommended to contact XR Trading directly for specific details.
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