2020-01-10
|Brokers
About WikiFX
|
Rating
/10
The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
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Market Making(MM)
ASIC Regulated
Market Making(MM)
CYSEC Regulated
Retail Forex License
IFSC Offshore Regulatory
Company Name:
XTRADE.AU PTY LTDCompany Abbreviation:
XtradePlace of registration:
Australia
Regulatory Status:
RegulatedCustomer Service Email Address:
info@xtrade.comCustomer Service Phone Number:
+852 58080622Company summary
Xtrade was founded in 2000 and based in Melbourne, Australia, is a professional online trading broker. This broker currently holds a full license from the Australian Securities and Investments Commission, a full license from the Cyprus Securities and Exchange Commission, and a retail forex license from the Financial Services Commission of Belize. About MoreWikiFX Risk Alerts
Previous Detection: 2021.04.23 Risk: 3 Item
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It’s normal to verify in the broker. I’ve offered relevant documents according to their requirements, but I can’t pass their verification. I used the debit card to transfer money but the debit card can not show your name, neither can the bills. So I sent a consumption voucher which includes my card number and name. But they still refused to allow my withdrawal because here was no name with my card. And then they just ignored my problems. Now, I can deposit funds but can not withdraw funds. If you wanna invest with this broker, please think twice.
FXIKQvns3267
2021/04/09
Malaysia
At the beginning, it was said that all operations were carried out by professional managers, and there were also supervisory managers who made money only when placing orders. Therefore, they would first determine the profitable investment before reporting to the customer to place the order. After the order is placed, there is also a supervision situation. If something goes wrong, the customer will immediately ask customers to withdraw their positions to reduce their losses, gain trust in the way of friends, and make sure that novice customers will have complete teaching and will have bonuses for deposits. If the loss is to use the bonus, it was originally said that it was operated by a professional manager. Some supervisory managers make money only after placing orders, so they will first determine the profitable investment before reporting to the customer to place the order. After the order is placed, there are also supervision conditions. If there is something wrong, the customer will immediately ask the customer to withdraw the position to reduce the loss. The way to gain trust also confirms that the novice customer will have a complete teaching and there will be a bonus for the deposit. If the loss is to use the bonus, the loss will not affect the amount of the deposit. At the beginning, it was all operated by professional managers and also earned by supervisory managers. Only when you place an order, you have money, so you will first determine the profitable investment before reporting to the customer to place the order. After the order is placed, there is also a regulatory situation. If there is something wrong, the customer will be asked to withdraw from the position to reduce the loss. Novice customers will have a complete teaching and there will be bonuses for deposits. If the loss is to use the bonus, the loss will not affect the amount of the deposit. I did not tell if the bonus will be withdrawn. After that, the withdrawal manager will immediately provide wrong investment information and cause the account to be serious After losing money and unsuccessful, it does not respond to users. Is there any way for a completely fraudulent company to assist in joint reporting and return the hard-earned money...
FXSLOnhh7399
2021/02/23
Taiwan
As soon as I applied for the deposit, the manager submitted a reverse order, which made me lose 20,000 yuan within a day. I lost all my money. It’s a scam and bad platform.
FXSKQgry7324
2021/02/15
Taiwan
Unable to withdraw. A fraud group.
FXSORphi7224
2021/01/08
Taiwan
Luckily, I just deposited $210. This is a fraud platform
FXSORphi7224
2021/01/06
Taiwan
The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.
Current Status:
RegulatedLicense Type:
Market Making(MM)Regulated in Country/Area
Australia
Regulatory License No.：
343628Email Address of Licensed Institution :
shayz@xtrade.comLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
'ST Kilda Road Towers', 1 Queens Road, MELBOURNE VIC 3004Phone Number of Licensed Institution :
02 90995624Licensed Institution Certified Documents :
xtrade AFCA牌照信息 20190213更新 View Certified Documents xtrade_FOS_查询页面 View Certified Documents xtrade_343628png.jpg View Certified Documents
The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.
Current Status:
RegulatedLicense Type:
Market Making(MM)Regulated in Country/Area
Cyprus
Regulatory License No.：
108/10Email Address of Licensed Institution :
regulatory.compliance@xtrade.comLicense Type:
SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
140, Vasileos KonsTanTinou, ToFias BuildinG 2, CY-3080 LiMassolPhone Number of Licensed Institution :
+357 25 030 476Licensed Institution Certified Documents :
xtrade cysec牌照信息 20190213更新 View Certified Documents XTrade cysec20200703更新 View Certified Documents
The International Financial Services Commission (IFSC) was established by the enactment of the International Financial Services Commission Act (IFSCA) on 3rd May 1999. The IFSC is a premier regulatory body for the offshore industry in Belize and as the regulatory authority, the IFSC’s responsibility under the IFSC Act, is to enhance Belize as an international financial services center and to regulate the provision of international financial services.
Current Status:
Offshore RegulatoryLicense Type:
Retail Forex LicenseRegulated in Country/Area
Belize
Regulatory License No.：
IFSC/60/383/TS/15Email Address of Licensed Institution :
financialaren5@gmail.comLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
NO. 5 CORK STREET, BELIZE CITY, BELIZE, C.A.Phone Number of Licensed Institution :
501-223-6910Licensed Institution Certified Documents :
XTRADE IFSC监管信息20191129 View Certified Documents XTRADE_IB查询信息 View Certified Documents XTRADE IFSC监管信息截图20200401 View Certified Documents Xtrade 监管页截图 View Certified Documents XTRADE IFSC20201113更新 View Certified Documents
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2021.04.23 updated
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Basic Information & Regulators of Xtrade
Xtrade was founded in 2000 and based in Melbourne, Australia, is a professional online trading broker. This broker currently holds a full license from the Australian Securities and Investments Commission, a full license from the Cyprus Securities and Exchange Commission, and a retail forex license from the Financial Services Commission of Belize.
Safety Analysis
Xtrade's protection measures for client funds mainly include the company's reliable and stable financial services and financial strength; secondly, segregation of client accounts; and thirdly, the Investor Compensation Scheme.
Market Instruments of Xtrade
The company provides investors with mainstream and stable financial tradable instruments in the global financial markets, including CFDs, indices, commodities, foreign exchange, stocks, ETFs, bonds, etc.
Leverage & Account of Xtrade
To meet different investors' investment needs and strategies, the broker has set up four account types, namely Standard (minimum deposit of $250), Premium (minimum deposit of $1,000), Platinum (minimum deposit of $5,000), and VIP (minimum deposit of $20,000). The maximum leverage for Forex is 1:400 for major currency pairs, 1:250 for minor currency pairs, and 1:100 for low volume currency pairs. 1:50 to 1:200 for commodities, 1:50 to 1:300 for indices products, 1:10 for stocks, also 1:10 for bonds, and 1:10 to 1:50 for ETF products.
Spreads & Commission Fees
Only spreads are charged when trading on this platform. Forex spreads for major currency pairs are 5 pips for EUR/USD and 1 pip for minor currency pairs. The spread for gold USD is 6 pips, for silver 3.6 pips, and for natural gas 3.4 pips. Index products have a spread of 6 pips for the Russell 2000 and 3 pips for the US 500. The minimum spread for bond products is 2.2 pips and for ETF products is 2.1 pips.
Trading Platform Applied of Xtrade
The company's trading platform, Xtrade WebTrader, is a browser-based web platform that makes it easier for traders to browse the best market analysis available and execute trades and orders quickly and easily, with no downloads required. The mobile application features an intuitive multi-asset application that includes full functionality for all major technical indicators and a wide range of tools for real-time charting. In addition, a tablet trading application is supported, which features an advanced graphical interface for fast trading and deposit, full activity reports, intuitive navigation, and alert settings.
Deposit & Withdrawal
The company welcomes several deposit and withdrawal methods, mainly credit/debit card deposits and bank transfers. The company does not charge users for accessing funds, but banks and transfer banks may charge related processing fees, which are the responsibility of the user. If the user opens a position, the full available amount cannot be withdrawn. The margin needs to be maintained at a minimum amount: (available margin - maintenance margin) + margin ≥ 1% = maximum withdrawal amount.
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You are visiting the website of WikiFX. In addition, its website and mobile product—WikiFX, is a global inquiry tool for enterprise profile that is operated by Wiki Co., LIMITED (Registration No.2806237) based in Hong Kong Special Administrative Region of China. Users should comply with the law of their countries/regions.
Official Email：wikifx@wikifx.com；
Feedback WeChat:fxeye005, fxeye003
Customer Service Phone Number：（中）4006888219;（En）+86 17126630052;（HK）+00852 54200870
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The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.
