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How safe is to trade with Xmarket broker?

 How safe is to trade with Xmarket broker?

The service Xmarket offers to earn on trade without leaving home and using profitable investment ideas. Additionally, clients who take part in “trading races” or as this contest is called here “battle of the traders” can win an apartment a car or a large sum of money. Positive reviews on the Internet, a pleasant website – is this enough for safe cooperation with Xmarket?

Tools of Xmarket broker and trading conditions

The basic specialization of the service is the area of cryptocurrency. At the same time, according to Xmarket broker, there is nothing complicated in trading cryptocurrencies – everyone will be able to earn big money on them and the platform has all the conditions to do this:

  • 24-hour and secure trading system;
  • The opportunity to get high returns through the high volatility of the cryptocurrency market. At the same time, Xmarket does not mention the fact that there is also a high probability of losing the entire deposit;
  • The wide selection of trading platforms – there is actually only one platform, which runs exclusively in the browser;
  • The variety of trading tools – the client can trade Forex currency pairs, CFD contracts, commodities, indices and stocks.

Инструменты брокера Xmarket и условия торговли

Additionally, the broker provides analytical and training materials, as well as access to expert advisors for algorithmic trading. According to the reviews of Xmarket, the analytics is not enough for productive work as there is only an economic calendar here.

Trading with a broker – review of accounts

The official website of Xmarket has a free demo account, but there are no details about this function anywhere. It’s difficult to say something specific about the general trading accounts because the company is keeping silent about the real spreads and margin conditions. The general advantages for all accounts are the following:

Account type Basic Basic + Gold Platinum VIP
Minimum deposit 250 EUR 500 EUR 1 000 EUR 5 000 EUR 50 000 EUR
Leverage 1:500 1:500 1:500 1:500 Individual
Minimum trade volume (in lots) 0.01 0.01 1.0 1.0 Individual
Spreads Unknown Unknown Reduced by 2 points Reduced by 3 points Reduced by 5 points
Additional services Trading signals, basic education Trading signals, basic education Daily analytics, commission reimbursement Same, personal manager, bonuses All available services

Why is it not worth to open an account with Xmarket?

The experienced traders will immediately notice the design of the website which is identical to the previous projects of these swindlers. Earlier swindlers worked on FXCoins, Daxioma, Dax100. Although it is not difficult to open an account with Xmarket, the withdrawal of funds from there will not be successful as the client will immediately face commission for taxes and other hidden fees.

Fraudsters use registration data of other people and aren’t regulated by anyone. They are also known for writing positive reviews for themselves, so client should not trust all the reviews on the internet. For hundreds of scammed users the outcome of cooperation with this broker is one – Xmarket does not withdraw money and is not going to do it in the future.

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