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XYTronFX (Xytronfx.com) is a cruel CFDs and Forex scam broker to hit the lucrative trading scene. XY TRON FX is simply another scam platform which plans to rip off any investor who signs up. With claims of having registered in Marshall Islands, this is nothing but a crude offshore broker. After receiving hundreds of complaints from members, we decided to investigate. Get to know the truth in this XYTRONFX review.
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After landing on their homepage, it’s clear why newbie investors are falling for this platform. What looks like a real trading website is in fact a well thought out scam to steal from online investors. This detailed review will help uncover the dirty tricks used by scammers to steal funds. Don’t be fooled by the enticing website, these are all fake claims and images used to lure investors. There’s more than meets the eye with their website, security being one of them.
This website is not SSL encrypted which means users are open to third party attacks. Claims and promises used in this website are not real, they are far fetched. Giving clients the best tools to succeed are one of the many fake claims used by this broker. Which tools do they use to educate users? If they are talking of video sessions, they never seem to be on time. These are videos used by other platforms and not theirs. XYTronFX is out to steal any funds deposited on their website.
Have you noticed how this platform is failing to issue names of founding members? Visiting their about us page reveals this broker has no intent of revealing their founding members. What the about us page claims is vague and not satisfactory. They claim XYTronFX was founded by a team of seasoned financial professionals. What they continue to add is XYTRONFX has been awarded many accolades. Is this all true or just a selling tactic? Truth will soon be known by all.
Why have they failed to give us names of these seasoned financial professionals? It’s because XYTronFX is being operated by a professional scam outfit. Reason no names are given is to keep authorities from sniffing them out. These scam artists are afraid of the backlash they would receive from authorities and victims. This means whoever deposits money with this platform trusts an unknown third party. Stop this charade and open your eyes, this is another Forex scam!
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To be honest, this platform is nowhere near licensing standards. No regulatory body will issue lines to an offshore broker who doesn’t follow set regulations and rules. Apart from this, XYTronFX is an offshore broker who will not be handed any licensing certificates. Offshore brokers rarely offer legit Forex trading services. What they are good at is opening shop and closing once they have had their fill. Stay away from this broker and any other who shares similar characteristics.
If XYTRONFX is dully registered, where are their licensing and registration certificates? This is another lame brokerage firm which should be investigated and shut down by authorities. Another scary fact with this broker is they don’t give users a legal agreement’s page. This means whoever signs up is at the mercy of this broker. And this is where we draw the line with XY TRON FX. They are simply out to fill their pockets with investors funds at all times. Stay clear of this platform.
These scammers always make sure users have easy to access depository channels. When making deposits with this platform, users can choose to use MasterCard, Visa, Neteller, Skrill, among others. This is not a reason for you to go and open an account with them. There’s more to this than what meets the eye. Withdrawing funds with XY TRON FX is what makes depositing even scarier. No member has been able to withdraw funds with this platform. How is this possible?
XYTronFX is withholding any member from withdrawing their funds. Once you contact them and ask for withdrawal, they tend to give lame excuses. One of the excuses you will be given is not reaching the required trading volume to warrant withdrawal. If this broker had notified users about trading volumes, it would be something else. Lack of disclosure with this broker is a major issue which should be exposed. Why would they refuse members to withdraw their own funds?
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There are four different types of trading which XY Tron FX is using to lure investors. These account types include Bronze, Silver, Gold, and XYTRONFX Account. Minimum trading volume starts at $300, $5,000, $10,000 and $100,000. What we found odd with these accounts is their features. Have you noticed their features have nearly the same advantages? Why would an investor deposit over $100,000 and get the same advantages as one who deposits $5,000?
These accounts have some disturbing features which don’t work at all. One of them is VIP customer service. Once you make the deposit and later ask for withdrawal, this manager will cease to exist. Members have not been able to contact the account manager after withdrawal request.
When it comes to security of funds, XYTronFX is not one to trust. To begin with, their platform is not SSL encrypted. This means hackers can easily take over this platform and steal funds at any time. There’s no mention of how they handle funds in any of their agreement’s page. Talking of funds, where do they bank money deposited by users? It seems this broker is using their own personal account for all deposits. Users are depositing funds to owner’s personal account.
Segregation of accounts is not followed by this broker. Whoever thinks their money is safe t with XY Tron FX is painfully mistaken. This broker will not only steal your funds, but they will leave you vulnerable to cyber-attacks. Stay away from any broker who fails to segregate accounts. Another disturbing detail with this broker is how they fail to insure funds deposited by members. In case of bankruptcy, don’t expect any compensation from this platform. This is a brutal Forex platform to associate with.
After exposing their dirty tricks, we have to assume this is another rotten broker scam which must be exposed. Make sure to stay away from this broker and sign up with industry recommended platforms. From not having proper registration to being based offshore, XY Tron FX is another fake platform. Make sure to mark all their emails as Spam and ignore all pleas to sign up. These are con artists.
After reviewing all the damning evidence, we have to add this platform to our blacklist. This will ensure all our readers are aware of what to expect with this platform. On another note, we hope relevant authorities will investigate and shut the whole website down. This is the only way to steal protect all classes of investors.
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