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Xinrox Review: A Dubious Offshore Trading Platform

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Xinrox Review: A Dubious Offshore Trading Platform

Xinrox (xinrox.com) claims to offer simplified trading techniques to investors. What the platform fails to mention is that Xinrox.com is unregulated. And this means your funds are far from safe with the platform. What you get is a platform trying to mimic a real trading platform. With members insisting the platform is delaying withdrawals, we had to investigate. Please find out more in our clear XINROX REVIEW.

Xinrox Review

About Xinrox

There’s nothing special about the platform. What caught our eye was the vigorous sales pitch on the platform. Xinrox has a professional marketing team that makes it look ideal. And that’s what the platform wants everyone to believe.

When it comes to trading, the safety of funds is paramount. It should be your first concern since your funds are the investment. A platform that doesn’t guarantee your safety is not a genuine trading platform.

There are also some huge red flags we spotted on the platform. These pointers may be hard to see once you get convinced by their sales pitch. Nonetheless, the red flags are what make Xinrox.com a huge security risk.

When investing, you need to go for innovative investment platforms with a proven track record. Go for platforms that guarantee your safety when trading. It would be best if you also went for platforms with groundbreaking investment solutions.

Xinrox is sadly not one of the platforms we would recommend. Despite having compelling aesthetics, the platform remains an anonymous investment platform. It makes no sense to put your funds and trust into such a platform.

Your first step in the making the right decision should be doing thorough research. Doing due diligence will help the platform help you make better investment decisions. What you need is a platform that enjoys the backing of the trading community.

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Accounts Xinrox

We have no information on the account types of the platform. The platform has no way of informing users of the available features. Members are signing up without knowing the available trading conditions.

And this is a problem as you don’t fully understand whether the trading conditions are fair. There’s no information on the leverage and spreads available. You only get an assumption the platform offers fair trading conditions.

Another important feature missing on the platform is the acceptable minimum deposit. Unfortunately, no one knows the acceptable minimum deposit required to open an account with Xinrox. And this makes us think the platform wants to take advantage of naïve investors.

The industry has set $250 as the acceptable minimum deposit. What we have heard is the platform even accepts $5,000 for the most basic account. You should invest in a platform that fully complies with the regulation.

Account Opening Process

When opening an account with xinrox.com, there are a few issues to note. First, you will have to share sensitive information with the platform. And this includes having to share your banking details. This is because the platform demands banking records as part of its verification process.

Is Xinrox.com Licensed or Regulated

We believe the platform ought to offer better ways of verifying accounts. And this includes having to send emails with verification links. The platform can also send SMS with verification codes.

You could be sharing your banking records with the wrong entity. Cyber-security experts believe such platforms could be harvesting banking data from investors. There’s no telling what the platform plans to do with your bank statements.

The platform asks for a copy of your ID, Bank statements, and credit card information from what we have seen. With these three documents, there’s no stopping the platform from altering your bank account.

Business owner

Interday Markets Ltd is the name of the entity shown as the owner. Most of you don’t know that the people behind it are using a name of an established brand. The only problem is that we know the real platform owned by Interday Markets Management Ltd.

Immcoin is the cryptocurrency platform owned by the real Interday Markets Management Ltd. The platform wants to ride on the good name of the real Interday Markets. It’s one of the many flaws and red flags we must point out.

We also don’t have any names of people working behind the curtains. There’s no name of the CEO or CFO of the platform. And this makes Xinrox an anonymous online investment platform. So it would be best if you avoided anonymity in all aspects of investing.

The platform also claims to register in St. Vincent and the Grenadines. It’s a favorite location for platforms looking to avoid strict regulation. And this means you have to avoid it since the platform is looking to avoid fair investment practices.

Contact and support

Another feature to look out for when investing is the available communication channels. You should invest in a platform that guarantees strong communication lines. The platform ought to avail live contact at all times.

It’s not the case with xinrox.com, as the platform fails to deliver on its mandate. Instead, you get a UK phone number that rarely goes through. The platform also uses the services of a virtual phone service provider.

A UK code makes it easier for them to call investors in the greater EU region. In addition, the platform will hire call agents to act as account managers. With this, you get to believe the platform actually resides in a regulation-strict region.

Xinrox Trading Platform

Deposit and Withdrawal

You can deposit funds via bank and wire transfer. The platform also accepts Bitcoin and provides an address for members. Once you fund your account, the balance will reflect in your trading account within 24 hours.

Members can start trading and hopefully make winning trades. The only problem is that the platform delays withdrawals. So you won’t get to enjoy your fruits once the time comes. And this is the biggest reason why you shouldn’t invest with Xinrox.

License and Regulation Xinrox

Xinrox.com is not a regulated platform and doesn’t offer investors any means of investing. You shouldn’t invest in a platform that doesn’t offer investors any chance of withdrawing funds. That’s why there’s no positive review on the platform.

Without any regulatory framework, the platform remains a huge financial burden to investors. The platform is free to operate as it wishes without considering the plight of investors. And as such, it makes it non-compliant to set industry rules and a huge financial risk.

When you decide to invest, go for platforms regulated by reputable regulators. These include ASIC, BaFIN, CONSOB, FCA, NFA, and the SEC. Other notable regulators include CFTC, CNMV, CySEC, FINMA, and FMA.

These regulators work to ensure all parties follow set regulatory guidelines. The regulator ensures all parties have a fair investing and trading environment. You also get a guarantee of the safety of funds.

Promotional Video

The platform has a moving promotional video that might sway naïve investors to sign up. It takes about changing your life thanks to their platform. These are paid actors who ensure the platform looks and sounds legit.

Safety of funds Xinrox

Are funds safe with Xinrox?

As we have pointed out before, the safety of funds is out of the question with the platform. You won’t get the chance to withdraw funds with the platform. So it’s best to stay away and use industry-backed platforms that guarantee safety.

Verdict

There’s no way we would invest in a platform that fails to protect the interests of clients. It’s a breach of trading rules, and investors must shun such platforms.

You should invest in a proven platform that ensures your safety. Try out innovative investment solutions such as Coin staking, DeFi, and Masternoding.

Feel free to leave a comment or drop us an email.

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