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The WikiFX Score of this broker is reduced because of too many complaints!

xswap

Seychelles|2-5 years|
Suspicious Scope of Business|High potential risk|

https://www.xswap.io/#/

Website

Rating Index

Contact

+91 33 - 2236 7725
support@xswap.io
https://www.xswap.io/#/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

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

Single Core

1G

40G

Open Now

Contact number

English

+91 33 - 2236 7725

Other ways of contact

Broker Information

More

Company Name

Xswap

Abbreviation

xswap

Platform registered country and region

Seychelles

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2024-07-13
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

xswap · WikiFX Survey

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xswap · Company Summary

Note: Regrettably, the official website of xswap, namely https://www.xswap.io/#/, is currently experiencing functionality issues.

xswap Review Summary
Registered Country/Region Seychelles
Regulation Unregulated
Market Instruments N/A
Leverage N/A
EUR/ USD Spread N/A
Trading Platforms N/A
Minimum Deposit N/A
Customer Support Phone and email

What is xswap?

Xswap, a trading platform registered in Seychelles and operating without regulation, raises concerns about its reliability due to the absence of an official website. CXM utilizes STP/ECN technology and collaborates with banks. Xswap offers a variety of financial products and services to clients in specific countries like the United States, Asia-Pacific, and Eastern Europe.

xswap

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
N/A
  • Not regulated
  • Inaccessible website
  • Unclear trading conditions (spreads, commissions, swaps, accounts, funding methods)
  • Limited trust and transparency

Cons of Xswap:

- Lack of regulation: Xswap operates without regulation, which can raise concerns about the level of oversight and investor protection. Without regulatory oversight, there may be a higher risk of fraudulent activities or unfair trading practices.

- Inaccessible website: The unavailability of Xswap's official website adds to the overall lack of transparency and raises questions about the legitimacy and reliability of their trading platform. It may be challenging for potential investors to access essential information or seek clarification on trading conditions.

- Unclear trading conditions: Xswap's trading conditions, such as spreads, commissions, swaps, account types, and funding methods, are not clearly defined or disclosed. This lack of transparency can make it difficult for investors to make informed decisions and assess the true costs associated with trading on the platform.

- Limited trust and transparency: The combination of unregulated operations, an inaccessible website, and unclear trading conditions can erode trust and transparency in Xswap.

Is xswap Safe or Scam?

xswap lacks proper regulation at the moment, implying the absence of oversight from governmental or financial authorities. This situation significantly raises the risk involved in investing with them. Without regulation, the individuals managing the platform can potentially exploit your funds without being held accountable for their illicit activities. They have the ability to vanish abruptly, leaving investors high and dry without any prior notice.

No license

Furthermore, the unavailability of xswap's official website further adds to the apprehensions regarding the reliability of their trading platform. These factors collectively contribute to an elevated level of risk associated with investing in xswap. Traders carefully consider these concerns before making any investment decisions.

Technology

CXM utilizes the STP/ECN technology, establishing partnerships with banks to ensure customers have access to market liquidity. This approach allows for direct processing of trades, avoiding any potential conflicts of interest. This technology enables CXM to connect traders directly with liquidity providers, eliminating any potential conflicts of interest and ensuring transparent and efficient trading processes.

Accepted Countries

Xswap extends its wide range of financial products and services to clients in designated nations, including the United States, Asia-Pacific, and Eastern Europe, among others. This strategic expansion enables Xswap to cater to a broad spectrum of clientele, spanning across various geographical locations.

User Exposure on WikiFX

Please make sure to thoroughly review the reports on our website regarding cases of withdrawal challenges. Traders carefully evaluate the provided information and consider the possible risks that come with trading on an unregulated platform. We recommend visiting our platform to access all the essential details before engaging in any trading activities. If you come across any fraudulent brokers or have been victimized by their actions, please report it to us through the Exposure section. We highly value your cooperation, and our team of specialists will do their best to help you resolve the problem.

User Exposure on WikiFX

Customer Service

Customers can get in touch with customer service line using the information provided below:

Telephone: 913322367725

Email: support@xswap.io for consultation

Conclusion

In conclusion, Xswap is a trading platform that operates without regulation. It faces several challenges that may raise concerns for potential investors. The unavailability of its official website and lack of transparency regarding trading conditions create uncertainty and limit access to essential information. Additionally, the absence of regulation and limited trust and transparency can contribute to a higher level of risk associated with investing in Xswap. Investors should thoroughly evaluate these factors before considering any investment decisions on this platform.

Frequently Asked Questions (FAQs)

Q 1: Is xswap regulated by any financial authority?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at xswap?
A 2: You can contact via phone: 913322367725 and email: support@xswap.io for consultation.
Q 3: At xswap, which countries does Xswap offer its services and products in?
A 3: Xswap offers its financial products and services in the United States, Asia-Pacific, Eastern Europe and other regions.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

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gunncc
more than one year
Despite their claims, XSwap's promises turned out to be false. Not only did they revoke bonuses, but they also seized $600 of my profit without providing any evidence or explanation. It's unacceptable behavior from a trading platform.
2024-02-29 16:24
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