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Forex

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XTrade

About Company

Overview

Information

Review

THIS SERVICE IS NOT AVAILABLE IN YOUR REGION

Unproved

Unproved

XTrade

Belize

2003 (22 Years)

0 Reviews

Please carefully consider your options and choose the service that best meets your needs.

Beware

0.00/5

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Verification on TrustFinance

0.00

Traffic & Engagement

2.67

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License

Warning

This company is currently unproved. Please be cautious of the potential risks!

What are the differences in regulations for each ?

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

License

Warning

This company is currently unproved.

Please be cautious of the potential risks!

What are the differences in regulations for each ?

Users who look XTrade also look…

News

TrustFinance Intelligence Agency

Research date: Feb 28, 2025

The Australian financial market regulator ASIC has canceled the license of XTrade.AU Pty Ltd due to non-compliance with licensing obligations from June 2018 to September 2022. The broker was found to engage in 'unconscionable conduct' and failed to ensure its representatives complied with financial services laws. Although XTrade can no longer operate in Australia, it will continue its business in overseas markets with existing licenses from Belize and South Africa. ASIC has been enforcing stricter regulations on CFD brokers, reflecting a broader crackdown in the industry.

The Australian financial market regulator ASIC has canceled the license of XTrade.AU Pty Ltd due to non-compliance with licensing obligations from June 2018 to September 2022. The broker was found to engage in 'unconscionable conduct' and failed to ensure its representatives complied with financial services laws. Although XTrade can no longer operate in Australia, it will continue its business in overseas markets with existing licenses from Belize and South Africa. ASIC has been enforcing stricter regulations on CFD brokers, reflecting a broader crackdown in the industry.

The article discusses the rise of fake cryptocurrency trading websites and wallet apps in 2023, highlighting how scammers exploit victims through similar domain names and fake testimonials. It provides a list of known fake sites and offers tips for users to protect themselves, such as checking web addresses, downloading apps only from official platforms, and using security tools like Trend Micro ID Protection. The content aims to educate readers on recognizing and avoiding scams in the cryptocurrency space.

The article discusses the rise of fake cryptocurrency trading websites and wallet apps in 2023, highlighting how scammers exploit victims through similar domain names and fake testimonials. It provides a list of known fake sites and offers tips for users to protect themselves, such as checking web addresses, downloading apps only from official platforms, and using security tools like Trend Micro ID Protection. The content aims to educate readers on recognizing and avoiding scams in the cryptocurrency space.

The Italian Forex market is currently underdeveloped due to economic challenges and a lack of competitiveness following the introduction of the Euro. While Italy's economy is expected to grow modestly, many local traders prefer to use brokers from other EU countries rather than local options. The regulatory body, CONSOB, has a lenient stance towards Forex trading, allowing for operators to obtain licenses to offer services across the EU. Despite the market being underserved, some brokers may find it attractive to enter this space.

The Italian Forex market is currently underdeveloped due to economic challenges and a lack of competitiveness following the introduction of the Euro. While Italy's economy is expected to grow modestly, many local traders prefer to use brokers from other EU countries rather than local options. The regulatory body, CONSOB, has a lenient stance towards Forex trading, allowing for operators to obtain licenses to offer services across the EU. Despite the market being underserved, some brokers may find it attractive to enter this space.

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Reviews

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Total 1 Cases