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XTrade

About Company

Overview

Information

Review

Unproved

Unproved

XTrade

Belize

2003 (22 Years)

0 Reviews

No Review

Not enough to calculate score

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Verification on TrustFinance

0.00

Traffic & Engagement

2.67

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Security Information

Warning

This company is currently unproved. Please be cautious of the potential risks!

What are the differences in regulations for each ?

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

Security Information

Warning

This company is currently unproved.

Please be cautious of the potential risks!

What are the differences in regulations for each ?

News

TrustFinance Intelligence Agency

Research date: May 28, 2025

ASIC has cancelled the AFS license of XTrade due to unconscionable conduct and failure to comply with financial services laws, leading to significant losses for vulnerable clients. The investigation revealed that XTrade encouraged clients to trade in CFDs without proper experience or affordability. XTrade has applied for a review of the decision, but its license remains cancelled until further notice. ASIC has highlighted ongoing enforcement actions against similar misconduct in the retail OTC derivatives sector.

ASIC has cancelled the AFS license of XTrade due to unconscionable conduct and failure to comply with financial services laws, leading to significant losses for vulnerable clients. The investigation revealed that XTrade encouraged clients to trade in CFDs without proper experience or affordability. XTrade has applied for a review of the decision, but its license remains cancelled until further notice. ASIC has highlighted ongoing enforcement actions against similar misconduct in the retail OTC derivatives sector.

The Cyprus Securities and Exchange Commission (CySEC) has fined XTrade Europe Ltd €200,000 for deficiencies in its anti-money laundering programs. The enforcement action followed an investigation that began in June 2018, revealing weaknesses in customer account management and compliance with due diligence regulations. The CySEC aims to send a strong message about the importance of effective anti-money laundering controls. This action comes shortly after a similar fine was imposed on another firm, Indication Investments Ltd.

The Cyprus Securities and Exchange Commission (CySEC) has fined XTrade Europe Ltd €200,000 for deficiencies in its anti-money laundering programs. The enforcement action followed an investigation that began in June 2018, revealing weaknesses in customer account management and compliance with due diligence regulations. The CySEC aims to send a strong message about the importance of effective anti-money laundering controls. This action comes shortly after a similar fine was imposed on another firm, Indication Investments Ltd.

The article discusses the rise of fake cryptocurrency websites and trading platforms in 2023, highlighting how scammers exploit users by creating imitation sites that appear legitimate. It provides tips for identifying these scams, such as checking the web address and only downloading apps from official sources. The article also offers a list of known fake crypto websites and emphasizes the importance of using protective tools like Trend Micro ID Protection to avoid falling victim to these scams.

The article discusses the rise of fake cryptocurrency websites and trading platforms in 2023, highlighting how scammers exploit users by creating imitation sites that appear legitimate. It provides tips for identifying these scams, such as checking the web address and only downloading apps from official sources. The article also offers a list of known fake crypto websites and emphasizes the importance of using protective tools like Trend Micro ID Protection to avoid falling victim to these scams.

The Cyprus Securities and Exchange Commission (CySEC) announced a partial suspension of Xtrade Europe Ltd's CIF license due to misleading marketing practices. The company can continue serving existing clients but cannot accept new ones. Xtrade has one month to rectify the issues or face further action. The suspension is a response to concerns that the company's marketing materials do not comply with regulations, potentially jeopardizing clients' interests.

The Cyprus Securities and Exchange Commission (CySEC) announced a partial suspension of Xtrade Europe Ltd's CIF license due to misleading marketing practices. The company can continue serving existing clients but cannot accept new ones. Xtrade has one month to rectify the issues or face further action. The suspension is a response to concerns that the company's marketing materials do not comply with regulations, potentially jeopardizing clients' interests.

XTrade has signed a partnership with football star Cristiano Ronaldo, making him their official ambassador. This deal is notable in the retail trading industry, as high-profile athletes have typically been inaccessible for such companies. The partnership aims to leverage Ronaldo's massive social media following, which includes nearly 200 million followers, to enhance XTrade's brand visibility and promote its online CFD trading products globally. XTrade's Head of Operations emphasized the significance of this collaboration in increasing their international presence and marketing efforts.

XTrade has signed a partnership with football star Cristiano Ronaldo, making him their official ambassador. This deal is notable in the retail trading industry, as high-profile athletes have typically been inaccessible for such companies. The partnership aims to leverage Ronaldo's massive social media following, which includes nearly 200 million followers, to enhance XTrade's brand visibility and promote its online CFD trading products globally. XTrade's Head of Operations emphasized the significance of this collaboration in increasing their international presence and marketing efforts.

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Reviews

Social look up

Poor

Total 1 Cases