XTradeChain is supposedly a Dubai based fintech company that operates several trading bots. All these robots are focused on cryptocurrencies, Forex, and CFDs.
The company promises very high returns from these trading bots. You will supposedly make up to 2.65% returns in a day and at least 50% per month. And this is an unrealistic promise as no legitimate company can reproduce these results.
Any company that promises these kinds of returns is a scam. The numbers are a marketing strategy to attract eager investors onto their platform.
It is yet another one of these scams. They claim to have over 55,000 clients. Unfortunately, the company has no legitimate product to offer you. Do not be one of these people who will get scammed.
The company claims its goal is to find the best solution for their clients to maximize profit. Hence they base their services on honesty, transparency, security, and professionalism.
Unfortunately, this is yet another marketing statement. The business lacks transparency, and the website remains faceless. There are many risks involved in investing in this firm. Please stay away from them. Otherwise, they will exit the market, leaving you high and dry.
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Many legitimate companies exist that will offer you better services. It would be wise to stick to the best cryptocurrency trading bots for your peace of mind.
The first impression we get from the company’s website is that they lack professionalism. The site is full of grammatical and spelling errors. We advise that you stay away from such people.
The company claims that it is in Dubai, and this claim is unverifiable. Anyone can make this claim. Moreover, the company does not give its exact physical address.
The firm provides four crypto trading robots. These include XTrade100, XTrade300, and XTrade500. Each of these robots supposedly generates clients 2.65% in daily returns of investments. The company promises to keep these returns consistent.
No legitimate company can reproduce these kinds of results in the trading markets. Hence, we are convinced that the people behind this company are not experts and are only interested in your money.
Cryptocurrency and Forex markets are plagued by volatility. It makes it hard to plan for profits.
The firm offers its clients the opportunity to boost your earnings by referring other people to the system. We are convinced that this is the only working model for the company. They probably use money from deposits made from new members to pay out older members.
The company claims to have over four years of experience in trading cryptocurrencies, Forex, CFDs, and Indices. However, the website has only been in operation for a year. Such loopholes cannot be ignored. Clearly, the company uses lies to lure people on to their platform.
Owners and Physical Location
This company only provides three names of its team member, and no other detail is provided. It doesn’t get any shadier than this.
Oliver Jones and James Arron found the firm. Other team members include George Taylor and Hammeed Al-Sharif, and this information is completely useless. It is impossible to determine what kind of experience these people have. Moreover, these people have no social media presence.
Another cause of concern is the fact that the firm fails to give their physical address. They only say they are based in Dubai. Anyone can say this. Clearly, these people don’t want to be tracked down by anyone.
While the company provides an email address to contact them, it doesn’t guarantee that they will respond to your complaints.
Investing in this company involves numerous risks. You would be giving your money to mysterious people on the Internet. Moreover, this is not a safe environment to safeguard and grow your funds.
Trading Strategy and Results
This company does not reveal the trading strategies they use in their operations. They only claim that their software looks for trends so it can buy and sell, and its an extremely vague statement.
It barely gives traders insight on the inner workings of the robot. Traders always want to have an insider’s look at what they are buying into.
Additionally, the company does not avail of their trading results, and this is critical information that any potential client should be given. Moreover, the firm does not provide the price points for its trading bots.
Regulation and Fund Safety
Investment services are subject to regulation. No company is allowed to perform financial transactions without a license. This company does not provide any evidence to show they are a regulated firm. Thus, they are not permitted to collect funds from the public.
Regulatory bodies keep companies in check. They ensure the companies are not running scamming operations. Without a license, the company is operating illegally.
The firm boasts of having the best software and hardware to protect their systems from hackers. We have found that they do have an SSL certificate. Sadly, fake companies also get SSL certifications. It is an attempt to make you believe they are legit.
The website is registered anonymously. Moreover, the website has an Alexa rank of 3,005,997. This is quite low compared to competitors. The website does not have many visitors.
Additionally, the website is only registered for a single year, and this is a classic sign of a company that is not planning to stay around for long. They will exit the market as soon as they get what they are looking for, your money.
We have uncovered hundreds of customer reviews on the Internet. Most of them complain to have been scammed. They claim that the company disabled withdrawals after a few months.
This is from real people who have used the robots the company offers. There are no better people to tell you to stay away from this firm. 78% of the reviews on Trustpilot give the lowest rating.
Should you trust XTradeChain?
You should not trust this firm with your funds. These are people with unknown identities. Moreover, they do not give out their physical address, and they have no social media presence. They are untraceable people.
The company only accepts deposits through Bitcoins; this means it’s impossible to trace or recover your funds once you make a deposit; this is a recipe for disaster.
Even worse, the company is operating without regulation. These are crooks, and they know it. Do not fall for their fake promises. They are offering a get rich quick scheme that is definitely bound to end badly.
The profits they promise you ate unrealistically high and cannot be replicated by any legitimate firm that exists.
We suspect they redistribute money from deposits of new members to payout members. It is the working of a Ponzi scheme. Save yourself the trouble and run while you still can.
This company is clearly a scam. They have nothing to offer you. Furthermore, they lack transparency and professionalism. Their website is filled with grammar and spelling errors. Their failure to pay close attention to detail is worrying.
The market is jam-packed with fake companies only after your money. However, there are still legitimate companies making people the right money, Only the best cryptocurrency trading bots can make you consistent returns. You only need to be patient and extra cautious.
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