Nisreen the new Account Manager gave many false and illegal trading advices which caused a major loss in addition to neglecting the need of using stop losses strategy by her.
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This is why i decided to start a hunger strike in front of the XTrade offices, in hopes that i can get my profits back. Then if you try to withdraw your money they make it hard for you, and make it hard to withdraw profits.
What i described is a standard procedure for all clients. Also all employees are using fake surnames received from the company to avoid further problems. Better give your money to charity then invest there. I lost usd today. The exact amount of my deposit. I wanted to withdraw that money yesterday since I just borrowed it… my bad… i had to pay for the debt.
Hmmm…i guess I am a poor judge and I really easily get persuaded by good words. Then when I asked her to call when I was only losing around usd, she called and told me that the market is moving slower than usual and that I should wait…. If they get enough charge backs on the credit card they will lose their credit card facility. I was stupid enough to deposit the money as they were completely lying about how they operate.
I would strongly recommend everyone not to open any account with this company. All they are exploiting the system to victimize people with no trading skills. They also force you to open trades so that you deliberately lose all your money. Especially if Elana Solomon and Ari Zal call you, they are only out there to get you to deposit more money. Xtrade scam has affected and got many people from all walks of life. Its not all your fault if you fell for the Xtrade scam — you had been manipulated and mislead.
Really its so bad company. It is a company ran by the worst kind of human being Israeli society has to offer: This company is attracting clients in by exaggerating the amount of profits they will gain through investing and trading with them. When the client deposits money in their account then they play dirty tricks to cause losses deliberately through many ways in order to steal the deposited money. They also lied about offering the demo account and about providing the professional expert who should guide me step by step and the evaluation prior to using the live account I visited Xforex web site on last mid of October and after few hours I received a call from one of Xforex marketing team called Omar Abu Ataa.
As a result, he passed me through the activation process without showing or taking into consideration that the terms and conditions must be read and fully understood by the client. Then I received a call from the Account Manager Mr. Ashraf Alzuabi and she asked me to log in to my account. However, he made me do some trades through her advices and the result was lost my money. After a while, the I received a call from Ms.
Nisreen Abo Ahmad who introduced herself as my new Account Manager. Nisreen the new Account Manager gave many false and illegal trading advices which caused a major loss in addition to neglecting the need of using stop losses strategy by her. I was requested by her to place mostly high value orders in rush basis with no understanding of the risky cases and their consequences. I believe that there should be only training by their staff in addition to analytical recommendations with warnings that it is my responsibility but not trading advices and that the losses I had as a result of their advices should be their responsibility not mines.
However, although most of the trading advices were by telephone buy I have a proof by E-mail. I also sent a complain to her in this regard to take into consideration the type of advices she is asking me to follow.
Bad support services and wrong recommendations. As a continuation to the previous point and when I had to deposit more money to fix my margin. I was trying to get my capital back and opened a position of buying Gold against USD on first week of May based on recommendation from XForex.
I tried to open another position that can make my account in balance but the platform did not allow me to do so and the results was online message says that my account has been calibrated. I send the company email explaining what happened but the ignore opinion by putting the responsibly on myself.
Join the class action. These xtrade scam victims did not get much help because they did not work together to bring justice. All xtrade scam victims need justice. She had an ITALY30 position which was losing in the morning she asked for 10K from 7 — 11pm she kept asking for 10k funds to save postion.
I got dupped and ended up placing 40K by midday. Bank intermediaries or processing fees can be levied though. Using third-party withdrawal payment methods can cause expenses. Processing time, on an average, is 1 to 5 working days which is just about the industry average. Xtrade offers nearly forty payment methods for funding the account, USD being the minimum amount required. All of which makes buying bitcoin and other cryptocurrencies relatively easy for a newbie to the market.
Withdrawals follow the same route as deposits and as long as AML documents are in place, withdrawals are easy. Customer Support The customer support is available only for the entire trading period, and not non-working hours.
Traders can, however, contact the customer support 24 hours in a day for those 5 working days. Whether you want to opt for live chat, direct phone or email, there are plenty of options. Education is prioritised by this broker which offers tutorials and courses as part of the Xtrade Academy.
The Xtrade app is also helpful, though the Xtrade trading platform is severely limited. The Xtrade mobile trader has only one choice: While the representatives for customer support speak a total of 6 languages and the website supports over 16 languages. Account managers can address queries and guide traders through trading education, system familiarisation and set up. The website even explains tools like spread, leverage and the importance of risk management.
Xtrade offers the advantage in the sense that traders know what fees will be charged from day one. Additionally, there are zero commissions. At Xtrade, fixed spreads are extremely on the high side. For the standard account which is the obvious choice for novices, it is pegged at 4 pips. In comparison, a large margin can result, which is something that must not be thought less of or underestimated. For those who can afford it, a premium account, therefore, makes sense.
A standard account is available with only a deposit amounting to Euros, and a bonus is added of an equal amount for every successful referral. But this account offers very low equity for trading. Only when the trader makes a deposit of Euros or above is the premium account accessed where trading is at 2 pips only.
Additionally, traders can choose between majors and minor pairs and even exotic currency pairs. This platform offers traders the choicest shares, indices, and commodities as well.
But then there are also many pitfalls. One such is the proprietary Xtrade trading platform. Xtrade does not offer any other platform apart from its own. Traders cannot access MT4 or other robust platforms at Xtrade. Trading is viable through these multiple charts, but not very easy. App-friendly, its trading platform offers encryption as well.
How does Xtrade compare to eToro? On its platform Xtrader Pro, the broker offers limited options. Xtrade also does not offer account management services or access to the robust MT4 platform.
Furthermore, eToro provides a sophisticated trading platform with built-in copy-free trading.
Xtrade MasterCard® card is a Prepaid card that can be used anywhere around the globe, supporting seamless integration with your Xtrade account.
Xtrade is committed to comply with the legislation for the protection of personal data and takes appropriate technical and organizational measures for the safety of your personal data against accidental or unlawful destruction or accidental loss or alteration, prohibited access or any other unauthorized form of processing. Xtrade offering the best in online CFD trading and online forex trading. Enjoy the Xtrade investment portal to satisfy your investment requirements: all leading markets, seamless cross-platform access and advanced trading tools to help you trade your best.
XTrade offers nearly 40 different ways to deposit funds, $ being the minimum amount required. In addition to credit and debit cards and banking wire transfers, they support . Please do not allow another xtrade scam to go on, don’t be an xtrade scam victim any more do something today. Join the class action. These xtrade scam victims did not get much help because they did not work together to bring justice.
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