Xprestrade Review: Xprestrade.com Shady Broker

Xprestrade climate utilizes a unique, innovative trading interface. The entity allegedly has attained great success since its establishment. They also conduct online webinars to educate their audience. There are over 1,000 tradable assets that allow customers to diversify their risks. 

You will have everything that you need at your disposal to make you a successful trader. You only need to open an account by completing the registration process. Then choose a package that best works for you. Sadly, this illegitimate venture will leave you high and dry. The platform is operating without a license.

Xprestrade.com Review

Xprestrade has a perfect sales pitch. But there is more to it when you come to trading than mere propaganda. The company fails to provide fund safety to investors. We can’t find proof of trading activities to support the website claims. 

Stick with us as we expose the broker’s  murkiness. The trading conditions might seem intriguing but the broker has a catch. Ensure that you invest with genuine forex trading companies that are transparent. Regulated brokers will provide past trading records, and names of the professionals they are working with  

Xprestrade Trading Conditions 

Xprestrade claims it has a superior trading interface. Unfortunately, once you access the user area, you’ll find her access to a webtrader. The platform is basic and lacks advanced features adored by expert traders. The interface can only serve rookie traders by familiarising them with the markets’ operations.

One of the famous trading software is the MetaTrader. The interface allows customers to trade automatically. Furthermore, clients can access multiple markets under one platform. The superior indicators, economic calendars, and advanced charting tools come in handy. 

Xprestrade is trading indices, forex, stocks, commodities, and cryptocurrencies. The venture offers a spread of 3 pips for the EURUSD currency pair. To open trade, customers must pay $30, which is outrageous. The average market spread is 1.5 pips. Nonetheless, you will find genuine companies offering tighter spreads below 1 pip.

The leverage range from 1:100 to 1:400. The high leverage might seem like an excellent opportunity to earn more profit. However, when accepting such crap, you should know the risk involved. You can either make high profits or lose all your funds in the blink of an eye.

Nervous investors should stick to lower cap leverage. A company should also allow clients to choose the leverage they feel comfortable trading with. Unfortunately, Xprestrade forces everyone to accept the high leverage. The trading conditions of the website are hazardous. The venture wants clients to lose their funds.

Withdrawal and Deposit 

The platform accepts funds via debit card and credit card. Sadly, to make the payment, you must use an intermediary processor, “gate.shinepays.com.” Various farmers have used the method to cover up their tracks. Why can’t a company allow investors to make transactions directly with their bank cards? This should raise a red flag.

Xprestrade accepts a minimum deposit of $250. Customers can only cash out $100 and above. It is an appalling requirement. Since genuine companies do not set limitations on the amount customers can withdraw. You need to have a knack for patience when dealing with shady websites. 

It takes 30 days for the company to honor the withdrawal request of customers. Legitimate companies will only take a few hours or a maximum of 2 days to complete the withdrawal. Where would you go for such a platform while there are other better options?

Moreover, Xprestradel expects clients to meet a trading volume of $500 000. Failure to meet the requirement one must stay a charge of $120. The venture has unfavorable fees and conditions. We do not see any advantage in opening an account with the scheme.

Contact Details and Customer Support 

Xprestrade features a phone number and an email address that clients can use to reach them. The venture does not hide the fact it is an offshore entity. The office address is on Marshall Island. It is one of the infamous regions favorable to scammers.

Scammers have no intention of maintaining professional support with clients. Once they realize you have run out of money, you will receive unethical treatment. Only with genuine brokers will your issue be handled on time.

Xprestrade lacks customer reviews. It is therefore impossible to determine the quality of services to expect. Con artists deactivate their phone numbers once they are done stealing from the innocent.

Xprestrade Regulatory Status

Xprestrade has a registration form from Marshall Island. Unfortunately, there’s a big difference between registration and a regulatory form. The latter is what matters when it comes to investment services. All brokers must comply with the rules of financial bodies. 

Additionally, a company should not operate in areas with strict jurisdiction without first seeking a permit. Marshall island is an offshore region without a financial watchdog. Scammers prefer running their business on an offshore base to steal from innocents easily.

Once your money is lost, not even the authorities can help you recover. Xprestrade is operating anonymously, which is against the law. Legitimate brokers must submit the names of individuals handling customers’ funds. It ensures traders are dealing with professionals. Moreover, it is easier for the authority to press down the venture in case of any dispute.

It is for your safety to deal with legitimate companies. You will get to enjoy fund safety. Furthermore, genuine brokers will never compromise their customers. They also provide learning materials. This helps traders to improve their skills and earn actual time returns.

Xprestrade Fund Safety 

Xprestrade is a broker that can make clients lose more money than they initially deposited. The entity lacks negative account balance protection. Additionally, we cannot prove there is trading on the website. The broker is not reporting their trading activities to the authority. They are more likely to manipulate the price and mislead customers they are earning.

Our main concern is the people running this website are operating anonymously. Knowing who they are or their qualifications expose you to more risks. Additionally, the venture does not work with a reputable financial institution. The money deposited can never be recovered when it goes to the scammers’ pockets.

During our research, we did not encounter a single positive review from Xprestrade. You should be wary of such companies that don’t have customer feedback. You should at least know the experience and quality of customer support. Is the venture pay, or how is the withdrawal process handled? This kind of information you can only obtain from existing clients.

Another drawdown is a lack of trading performance. The broker made its first digital insight in February 2022. They have been around for some months. It is enough for them to provide a performance track record. We do not see any purpose in venturing with the company. The website is doomed to fail. Those who will have engaged with them will be left counting losses.

Final Verdict 

Xprestrade is an outrageous scam with an offshore registration. Their trading conditions are pathetic. Additionally, The entity inflicts hefty charges on customers. The platform is not worth your time and funds considering it provides a basic trading platform. There are way too many Red flags which proves them unreliable.

Instead of throwing your hard-earned money in the air, choose reliable forex brokers. Legitimate companies report their daily trading activities to the authorities. Additionally, they clearly outline their terms and conditions. Even know what to expect even before opening account.