简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:XPro Markets is a South Africa-based broker. This broker claimed to offer clients a couple of financial instruments. It catches our attention because we recently received a complaint related to this broker. WikiFX has comprehensively reviewed XPro Markets from several perspectives.
About XPro Markets
XPro Markets is a South Africa- based broker. This broker claimed to offer clients a couple of financial instruments, including forex, stocks, indices, and cryptos. XPro Markets is newly founded, and it has experience of fewer than 2 years.
Regulation
XPro Markets claimed to be regulated by FSCA. However, according to WikiFX, this broker exceeds the business scope regulated by South Africa FSCA with license number: 32535. In addition, WikiFX has given this broker a pretty low rating of 3.30/10. Low-score brokers are more likely to take your money away fraudulently. Be aware of the risk.
Account Types
XPro Markets offers five different types of accounts, they are Classic, Silver, Gold, Platinum, and VIP.
Leverage
XPro Market allows traders to utilize the leverage of up to 1:400, which is much above the levels considered appropriate by many regulators to protect retail traders. However, bear in mind that leverage can magnify your gains or losses by the same factor, so use it with caution.
Spreads & Commissions
When it comes to trading, the spread is set by the accounts you use. Simply put, the more money you have in your trading account, the lower your spreads will be.
Swap Fees
Each day, if you keep a position open overnight, you will be charged a swap cost. Since the costs associated with various assets are not constant, the following table should be consulted as necessary while developing a sound financial plan. It is important to know that costs are tripled on Wednesdays but waived on weekends.
Trading Platform
XPro Market offers its customers a choice between two trading platforms: MT4 and Webtrader. MT4 is one of the most widely used trading platforms worldwide, giving traders access to all the tools and resources they could possibly need on any device running Windows, Mac OS X, iOS, Android, or a web browser.
Deposit & Withdrawal
No details are given about the minimum deposit required. Deposits can be made to XPro Market with Visa, MasterCard, Wire Transfer, or APMs, but they are the only payment methods currently supported.
Educational Resources
XPro Market gives its clients access to some educational resources, such as Trading Central, Live Market Summary, Chart Analysis, Economic Calendar, Trading Ebook, and more.
Customer Support
XPro Market relies heavily on its Frequently Asked Questions section and chatbot to assist customers. The multilingual support staff is available via phone and email whenever the markets are open. Here are some contact details:
Telephone: +27870948672
Email: inquiries@xpromarkets.com
Social Media Platforms
This broker has accounts on various social media platforms, such as Facebook, Twitter, Youtube, Instagram, and Linkedin.
Exposure
Recently, WikiFX has received several complaints against this broker. The problem of this broker that traders complain about the most lies in withdrawal rejection.
A victim from South Korea claimed that he cannot withdraw his money from XPro Markets.
Another victim from India claimed that he cannot withdraw his money from XPro Markets as well.
The victim from Taiwan claimed his account has been blocked and cannot make a withdrawal.
Conclusion
This broker has a low rating of WikiFX score, which is a dangerous signal for your trading. We advise you to skip this broker and choose a better broker instead. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Imagine you're driving from New York City to Philadelphia and want to know if your route is optimal, then you take two steps: Firstly, you gather the traffic records in the past five years, including traffic patterns, historic weather conditions, and holiday congestion records. Second, you run simulations of your proposed road to see if it is most efficient and fuel-saving before an actual trip.
Founded in 2014, Olymp Trade has been operating for over a decade, expanding its services and user base considerably, now offering focused trading in fixed-time trades (previously known as binary options in some regions) and Forex. Specifically, Olymp Trade operates two trading modes: fixed-time trades and forex mode. Fixed-time trades refer to trades with predetermined expiration times, where traders predict market movement directions. Payouts typically range from 70-90% of the investment amount. Forex Mode is a more traditional forex trading approach with variable leverage (up to 1:500 for experienced traders). At the same time, it allows for more sophisticated trading strategies with customisable take-profit and stop-loss orders.
Novatech FX Ltd. (“Novatech”), founded in 2019, was registered in St. Vincent and the Grenadines, a jurisdiction known for its minimal regulations and booming unlicensed brokers. NovaTech, which said it was a leading forex and crypto trading platform, claimed to have its own trading software with deep liquidity. Mostly active from 2020 to 2023, they attracted investors by promising monthly returns of 3% to 5%. Accusing them of a $600 million investment fraud, the SEC filed charges on August 12, 2024, against NovaTech FX, Cynthia and Eddy Petion, and several promoters.
Maxxi Markets is a forex broker founded in Comoros that offers traders access to a diverse range of financial instruments. With product offerings spanning commodities, forex, indices, metals, cryptocurrencies, and bonds, the broker caters to a wide spectrum of trading interests. Backed by the Mwali International Services Authority (MISA) under an offshore Retail Forex License (license number T2023425), Maxxi Markets combines innovative technology with varied account options to serve both novice and experienced traders.