Xtradesness Review: Revealing the Truth About This Platform

Is Xtradesness Legit or Scam?

Xtradesness is a complete scam. Here’s why:

• Unregulated: The platform claims to be based in Cyprus, but no such company exists under the Cypriot regulatory body (CySEC).
• Central Bank Warning: The Central Bank of Russia has issued an investor warning against Xtradesness, further solidifying its fraudulent nature.
• Shady Tactics: Xtradesness uses boiler room tactics with unsolicited phone calls and social media approaches to pressure potential victims into investing.
• Hidden Costs: The platform conceals crucial information like spreads, commissions, and withdrawal fees, making it impossible to determine true trading costs.

Are you considering trading with Xtradesness? Before you invest your hard-earned money, it’s crucial to understand the platform’s legitimacy. This review will expose a scam broker and highlight the dangers of dealing with unregulated entities.

Company Overview

Services or Products

Xtradesness claims to offer a wide range of trading options, including:

• Forex
• Cryptocurrencies
• Commodities
• Stocks
• Indices

However, the actual selection is likely limited, and details are purposefully obscured.

If you have lost money to companies like ToroTradePro, or Oro Markets; please report it to us on our Report a Scam form.

Trading Platform & Leverages

The platform provides a basic web trader that resembles the popular MT4 terminal but lacks functionality and responsiveness. Leverage options are advertised as high as 1:500, which is extremely risky for inexperienced traders.

Spreads and Cost of Trading

Xtradesness hides all information regarding spreads, commissions, and withdrawal fees. This lack of transparency is a major red flag.

License and Regulations

Xtradesness is completely unregulated, posing a significant risk to your funds.

• Legal Warning: The Central Bank of Russia’s warning highlights the platform’s illegal activities.
• No Segregation of Funds: Legitimate brokers segregate client funds from company funds, ensuring your money’s safety. They offers no such protection.

Deposit and Withdrawal Methods

The platform restricts deposit options to credit cards processed by a non-existent payment provider called Intercassa. Sharing your credit card details with an unregulated entity is highly dangerous.

Withdrawals are likely impossible due to the platform’s fraudulent nature.

Xtradesness Pros and Cons

As you can see, there are absolutely no positive aspects to Xtradesness.

Why Dealing With An Unlicensed Broker Is Risky

Trading with an unlicensed broker like Xtradesness exposes you to immense risks:

• Loss of Funds: Unregulated platforms can easily steal your deposited money without consequence.
• No Dispute Resolution: In case of conflicts, you have no legal recourse to recover your funds.
• Manipulation: Unlicensed brokers can manipulate prices and trading conditions to benefit themselves.
• No Security: Your personal and financial information is at risk with unregulated entities.

Always choose a licensed and regulated broker to protect your investments.

Client Feedback

There are likely no genuine client testimonials for Xtradesness. Since it’s a scam platform, any positive reviews you find might be fabricated.

How Can “Reviewsadvice” Help You If You Get Scammed?

Unfortunately, recovering funds lost to a scam broker is difficult. However, “Reviews Advice” can offer some assistance:

• • Provide Information: We educate potential victims about fraudulent platforms like Xtradesness.
  • Raise Awareness: We aim to spread the word and prevent others from falling prey to scams.

• Professional guidance: Our professionals can help you by providing professional guidance and recovery service recommendations to help you in recover the lost funds or you Can report to us today by the below form.