Xpro Markets is a forex and CFD broker that offers a wide range of trading instruments and platforms. However, the lack of regulation and history of negative reviews raise questions about whether Xpro Markets is safe and trustworthy. This review will examine the broker’s legal status, reputation, safety, fees, platforms, and more to help you decide if Xpro Markets is right for you.
What is Xpro Markets broker
Xpro Markets is a forex and CFD broker founded in 2014 and headquartered in Saint Vincent and the Grenadines.
The broker offers the following:
- A wide range of trading instruments including forex, stocks, indices, commodities, and cryptocurrencies.
- Trading platforms including MetaTrader 4, MetaTrader 5, and a web-based platform.
- Accounts in USD, EUR, and GBP.
- Leverage up to 1:1000 on some instruments.
- Spreads from 0 pips on major forex pairs.
Who owns XPro Markets
XPro Markets claims to be owned and operated by UKUCHUMA FINANCIAL SERVICES (PTY) LTD
Who is the CEO of XPro markets?
Rajesh S Nadkarni – Founder & CEO – XPRO Limited | LinkedIn.
Xpro Markets Legal or not
Xpro Markets is not regulated by any major financial regulator. Specifically:
- Xpro Markets is not licensed by the FCA in the UK, CySEC in Europe, or the CFTC and NFA in the US.
- This means there is no government oversight or protections for traders.
- If the broker declares bankruptcy, traders have no recourse to get their money back.
- Traders should carefully consider if the lack of regulation aligns with their personal risk tolerance.
Xpro Markets is Real or Fake
Xpro Markets is a real brokerage offering real trading services, not a fake company. However:
- The lack of regulation raises questions about trust and transparency.
- There is a history of negative reviews about withdrawal delays, platform errors, lack of customer service, and more.
- Traders should do thorough due diligence before opening an account.
Xpro Markets is Safe
Whether Xpro Markets is safe to trade with depends on your risk tolerance:
- The lack of regulation means no government oversight of safety of funds.
- However, Xpro Markets does offer segregated accounts to keep client funds separate.
- There are risks to trading with any unregulated offshore broker. Funds could disappear.
- Traders uncomfortable with this risk level should choose regulated brokers instead.
Xpro Markets is Legit
Xpro Markets is a legitimate company offering real trading services. But there are downsides:
- Being offshore and unregulated raises transparency concerns.
- Negative reviews about poor customer service suggest questionable practices.
- Regulated brokers have more oversight and accountability.
- Traders should thoroughly research Xpro Markets reputation before opening an account.
Xpro Markets a Scam
While difficult to say definitively, Xpro Markets has several red flags:
- Being unregulated offshore raises risks substantially.
- Numerous traders have reported withdrawal delays, platform errors, lack of customer service.
- Those suggest Xpro Markets may not have best interests of clients in mind.
- While not an outright scam, traders should approach with extreme caution. Better regulated brokers recommended.
Xpro Markets owner net worth
The owners of Xpro Markets are not disclosed. Their net worth is unknown publicly. The lack of transparency about company ownership raises further questions.
Can We Trust Xpro Markets?
Whether to trust Xpro Markets is a personal decision based on risk tolerance:
- For very risk-averse traders, the lack of regulation is too much unknown risk.
- Those comfortable with offshore brokers may find Xpro Markets offers what they seek.
- In general, regulated brokers provide much more oversight and accountability. Most traders prefer that.
- Do thorough due diligence before deciding if Xpro Markets meets your standards.
How Does Xpro Markets Make Money?
Xpro Markets profits from the spreads and commissions on client trades:
- The spread is the difference between the buy and sell price of an asset.
- The commission is a transaction fee charged for facilitating trades.
- Typical spreads start from 0 pips on major forex pairs. Actual spreads vary.
- There are no trading commission fees. Swap and other fees apply.
- The large leverage amounts increase trading volumes and broker profit.
Xpro Markets Real or Fake? Review Is Xpro Markets broker Safe, Legal, Legit, and Trustworthy?
Xpro Markets is a forex and CFD broker that offers a wide range of trading instruments and platforms. However, the lack of regulation and history of negative reviews raise questions about whether Xpro Markets is safe and trustworthy. This review will examine the broker’s legal status, reputation, safety, fees, platforms, and more to help you decide if Xpro Markets is right for you.
What is Xpro Markets broker
Xpro Markets is a forex and CFD broker founded in 2014 and headquartered in Saint Vincent and the Grenadines. The broker offers the following:
- A wide range of trading instruments including forex, stocks, indices, commodities, and cryptocurrencies.
- Trading platforms including MetaTrader 4, MetaTrader 5, and a web-based platform.
- Accounts in USD, EUR, and GBP.
- Leverage up to 1:1000 on some instruments.
- Spreads from 0 pips on major forex pairs.
Xpro Markets Legal or not
Xpro Markets is not regulated by any major financial regulator. Specifically:
- Xpro Markets is not licensed by the FCA in the UK, CySEC in Europe, or the CFTC and NFA in the US.
- This means there is no government oversight or protections for traders.
- If the broker declares bankruptcy, traders have no recourse to get their money back.
- Traders should carefully consider if the lack of regulation aligns with their personal risk tolerance.
Xpro Markets is Real or Fake
Xpro Markets is a real brokerage offering real trading services, not a fake company. However:
- The lack of regulation raises questions about trust and transparency.
- There is a history of negative reviews about withdrawal delays, platform errors, lack of customer service, and more.
- Traders should do thorough due diligence before opening an account.
Xpro Markets is Safe
Whether Xpro Markets is safe to trade with depends on your risk tolerance:
- The lack of regulation means no government oversight of safety of funds.
- However, Xpro Markets does offer segregated accounts to keep client funds separate.
- There are risks to trading with any unregulated offshore broker. Funds could disappear.
- Traders uncomfortable with this risk level should choose regulated brokers instead.
Xpro Markets is Legit
Xpro Markets is a legitimate company offering real trading services. But there are downsides:
- Being offshore and unregulated raises transparency concerns.
- Negative reviews about poor customer service suggest questionable practices.
- Regulated brokers have more oversight and accountability.
- Traders should thoroughly research Xpro Markets reputation before opening an account.
Xpro Markets a Scam
While difficult to say definitively, Xpro Markets has several red flags:
- Being unregulated offshore raises risks substantially.
- Numerous traders have reported withdrawal delays, platform errors, lack of customer service.
- Those suggest Xpro Markets may not have best interests of clients in mind.
- While not an outright scam, traders should approach with extreme caution. Better regulated brokers recommended.
Xpro Markets owner net worth
The owners of Xpro Markets are not disclosed. Their net worth is unknown publicly. The lack of transparency about company ownership raises further questions.
Can We Trust Xpro Markets?
Whether to trust Xpro Markets is a personal decision based on risk tolerance:
- For very risk-averse traders, the lack of regulation is too much unknown risk.
- Those comfortable with offshore brokers may find Xpro Markets offers what they seek.
- In general, regulated brokers provide much more oversight and accountability. Most traders prefer that.
- Do thorough due diligence before deciding if Xpro Markets meets your standards.
How Does Xpro Markets Make Money?
Xpro Markets profits from the spreads and commissions on client trades:
- The spread is the difference between the buy and sell price of an asset.
- The commission is a transaction fee charged for facilitating trades.
- Typical spreads start from 0 pips on major forex pairs. Actual spreads vary.
- There are no trading commission fees. Swap and other fees apply.
- The large leverage amounts increase trading volumes and broker profit.
Is Xpro Markets an International Broker?
Yes, Xpro Markets is an international broker that accepts clients from around the world. However:
- The lack of regulation means there may be restrictions on certain countries.
- Traders should check with Xpro Markets to see if their country is eligible for an account.
Xpro Markets available countries
Xpro Markets does not publicly disclose which countries are eligible for an account. However:
- The broker does state that it does not accept clients from the US, Canada, and some other countries.
- Traders should contact Xpro Markets directly to confirm if their country is eligible for an account.
Unlimited Leverage
Xpro Markets offers leverage up to 1:1000 on some instruments. This is significantly higher than the industry standard of 1:30 set by regulators in Europe and the UK. While high leverage can lead to larger profits, it also increases the risk of significant losses. Traders should carefully consider their risk tolerance before using high leverage.
How to Trade on Xpro Markets
To trade on Xpro Markets, follow these steps:
- Open an account by providing personal information and verifying your identity.
- Deposit funds into your account using one of the available payment methods.
- Choose your preferred trading platform and instrument.
- Place a trade by selecting the asset, entering the desired trade size, and setting stop loss and take profit levels.
- Monitor your trade and manage it accordingly.
Pros and Cons
Pros of trading with Xpro Markets include:
- A wide range of trading instruments and platforms.
- Low spreads starting from 0 pips on major forex pairs.
- High leverage up to 1:1000 on some instruments.
Cons of trading with Xpro Markets include:
- Lack of regulation and transparency.
- Negative reviews about withdrawal delays and poor customer service.
- Limited information about company ownership and financials.
Awards
Xpro Markets does not have any notable awards or recognitions. This could be due to its relatively short time in operation and lack of regulation.
Bonus Xpro Markets
Xpro Markets offers a 100% deposit bonus for new clients, up to a maximum of $10,000. However, this bonus is subject to strict terms and conditions, including a high trading volume requirement before the bonus can be withdrawn. Traders should carefully consider if the bonus is worth the potential restrictions.
Withdrawal Limit per Day
Xpro Markets does not publicly disclose a specific withdrawal limit per day. However, there have been reports of delays and difficulties with withdrawals, so traders should be aware of this potential issue.
Leverage
Xpro Markets offers leverage up to 1:1000 on some instruments. This is significantly higher than the industry standard of 1:30 set by regulators in Europe and the UK. While high leverage can lead to larger profits, it also increases the risk of significant losses. Traders should carefully consider their risk tolerance before using high leverage.
Account Opening
Opening an account with Xpro Markets is a straightforward process. Traders must provide personal information and verify their identity before being able to deposit funds and start trading. The account opening process can be completed online and typically takes 1-2 business days.
Instruments
Xpro Markets offers a wide range of trading instruments, including forex, stocks, indices, commodities, and cryptocurrencies. This allows traders to diversify their portfolios and take advantage of different market opportunities.
Fees
Xpro Markets does not charge any trading commission fees, but there are other fees to be aware of:
- Spreads vary depending on the instrument and account type.
- Swap fees may apply for holding positions overnight.
- There may be fees for deposits and withdrawals, depending on the payment method used.
- Inactivity fees may apply for accounts that have been inactive for a certain period of time.
Spread
Xpro Markets offers competitive spreads starting from 0 pips on major forex pairs. However, actual spreads may vary depending on market conditions and the account type chosen.
Trading Platform
Xpro Markets offers three trading platforms: MetaTrader 4, MetaTrader 5, and a web-based platform. These platforms are popular among traders for their user-friendly interface, advanced charting tools, and customizable features.
Customer Support
Xpro Markets offers customer support via email, phone, and live chat. However, there have been reports of poor customer service and delays in response times. Traders should be aware of this potential issue when considering Xpro Markets as their broker.
Education
Xpro Markets offers educational resources such as articles, videos, and webinars to help traders improve their skills and knowledge. However, these resources are limited compared to other brokers and may not be sufficient for beginner traders.
Conclusion
In conclusion, Xpro Markets is a real brokerage offering a wide range of trading instruments and platforms. However, the lack of regulation and history of negative reviews raise concerns about trust and transparency. Traders should carefully consider their risk tolerance and do thorough due diligence before deciding if Xpro Markets is the right broker for them.