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Global Broker Regulation & Inquiry App

Score

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XPro Markets

South Africa|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://www.xpromarkets.trade/

Website

Rating Index

Contact

+27 870948672
support@xpromarkets.com
https://www.xpromarkets.trade/
Office 1-14 1ST Floor Workshop17, 138 West Street, Sandown Sandton Gauteng 2196, South Africa

Licenses

Licensed Institution:Ukuchuma Financial Services (PTY) LTD

License No.:32535

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Warning: Low score, please stay away!
2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
2

Basic information

Registered region
South Africa
Operating period
2-5 years
Company Name
UKUCHUMA FINANCIAL SERVICES (PTY) LTD
Abbreviation
XPro Markets
Company employee
--
Customer Service Email Address
support@xpromarkets.com
Contact number
0027870948672
Company address
Office 1-14 1ST Floor Workshop17, 138 West Street, Sandown Sandton Gauteng 2196, South Africa
Keywords 5
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
Suspicious Overrun
High potential risk
Website
Company Summary
Review

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Official website

Website

  • xpromarkets.trade

    Server Location

    United States

    Website Domain Name

    xpromarkets.trade

    Server IP

    104.26.14.81

  • xpromarkets.website

Company Summary

Note: Regrettably, the official website of XPro Markets, namely https://www.xpromarkets.com/, is currently experiencing funXPro Marketsonality issues.

Aspect Information
Company Name XPro Markets
Registered Country/Area South Africa
Regulation FSCA (Suspicious Clone)
Market Instruments N/A
Trading Platforms N/A
Demo Account N/A
Customer Support Twitter https://twitter.com/XProMarkets, Facebook https://www.facebook.com/XProMarkets, and Instagramhttps://www.instagram.com/xpro_markets/
Deposit & Withdrawal N/A

What is XPro Markets?

XPro Markets is a company registered in South Africa. However, there are concerns about its legitimacy due to suspicions regarding its status as a clone of authorized entities, regulated by the Financial Sector Conduct Authority (FSCA).

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.

What is XPro Markets?

Pros & Cons

Pros Cons
/ FCA (Suspicious Clone) and LFSA (Suspicious Clone)
Higher risk
Inaccessible website

Pros:

N/A

Cons:

Suspicious Clone: XPro Markets may not have obtained proper authorization or regulatory approval, posing risks to traders who engage with the platform.

Higher Risk: The lack of regulatory protection and scrutiny increases the vulnerability of traders, making it riskier to engage with XPro Markets compared to regulated brokers.

Inaccessible Website: A website that experiences frequent accessibility issues may disrupt trading activities and negatively impact the user experience. Traders may struggle to find information about the broker's services, trading conditions, or regulatory status, leading to uncertainty and frustration.

Is XPro Markets Safe or a Scam?

There are significant concerns regarding XPro Markets as a broker. The Financial Sector Conduct Authority regulation associated with their license appears to be a suspected clone, which raises suspicions about their legitimacy. (License Type: Financial Service Corporate; License License Number: 32535)

Is XPro Markets Safe or a Scam?

Additionally, the inaccessibility of their official website raises doubts about the reliability and trustworthiness of their trading platform. Therefore, investing with XPro Markets carries a higher level of risk due to these factors.

Customer Support

XPro Markets offers customer support through various social media platforms, including Twitter, Facebook, and Instagram.

Twitter (https://twitter.com/XProMarkets): Clients can reach out to XPro Markets' support team via Twitter for quick responses and updates. The platform allows for direct messaging and public mentions, providing a convenient way to interact with the company and stay informed about news and announcements.

Facebook (https://www.facebook.com/XProMarkets): XPro Markets maintains an active presence on Facebook, where clients can engage with the company through posts, comments, and direct messages. The platform offers a more casual and interactive environment for communication, allowing clients to ask questions and receive assistance.

Instagram (https://www.instagram.com/xpro_markets/): XPro Markets also utilizes Instagram as a customer support channel, providing clients with visually appealing content and updates. Clients can direct message the company on Instagram for inquiries, support, or general information.

Conclusion

In conclusion, XPro Markets presents several concerning factors that traders should consider before engaging with the platform. The suspicion surrounding its status as a clone of authorized entities, coupled with its lack of regulatory oversight, raises doubts about its legitimacy and authenticity.

This implies higher risks for traders, including the potential for financial losses or fraudulent activities.

FAQs

Q: What are Clone Brokers?

A: The primary aim of clone brokers is to lure unsuspecting investors into depositing funds or providing personal and financial information, which can then be used for fraudulent activities such as unauthorized trading, identity theft, or financial fraud. Clone brokers may use various tactics to attract victims, such as offering unrealistically high returns, promising guaranteed profits, or using aggressive sales tactics.

Q: How can I contact XPro Markets' customer support?

A: You can reach XPro Markets' customer support through various social media platforms, including Twitter (https://twitter.com/XProMarkets), Facebook (https://www.facebook.com/XProMarkets), and Instagram (https://www.instagram.com/xpro_markets/).

Keywords

  • 2-5 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • Suspicious Overrun
  • High potential risk
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