Looking to read XeOne reviews, you are in the right place. Is XeOne.com a scam or legit broker? Read reviews to know about this forex broker.
This post promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
XeOne otherwise known as XeOne.com is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients.
Furthermore, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.
Is XeOne.com a Scam Forex Broker?
First of, the broker is operated by XeOne Limited and incorporation in the Republic of Seychelles.
But this company cannot be found in the Seychelles Financial Services Authority records. We have no evidence that this legal entity actually exists.
Following this, the broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These drawbacks are for forex traders/ clients to avoid losing money with scam brokers lurking online. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Does XeOne Have Account Types?
XeOne offers different trading account for traders. The broker provides a leverage capped 1:2000 and spread of 1.5 pips.
XeOne minimum deposit is specified to be $10 based on its account type. This is a fair start if only the broker is licensed.
For that some licensed FX brokers can offer clients trading rate as low as $100 with the assurance of their trading funds.
XeOne allows deposit through local bank transfer or cryptocurrencies. Both payment methods do not allow refunds or chargebacks.
Another important thing, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
XeOne Trading Software
XeOne claims to offer trading software called VertexFX. Regrettably, we couldn’t install the platform because it resulted in a technical error.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
XeOne.com Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that XeOne.com is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
XeOne broker appears like a reliable trading platform, however, you should not take the words they say and the attractive website layout. By all appearances, the broker lacks one important indicator – its license. Thus, traders should steer clear from an unlicensed broker as its likely run by scammers. To this end, we urge our readers to rely on regulated brokers like this or any licensed entity.
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