While Xpoken broker may trick you into thinking that you’re dealing with a legitimate investment firm, that’s not the case. You’ll be involved with an unlicensed offshore scheme, risking every penny you invest!
So, please, read our trusted Xpoken review for further details.
Also we want to invite you to read our recently updated Keler Group, Agartha Asset Management and NovaTechFX scam broker reviews. Without a doubt, your funds are in danger with them!
| Broker Status: | Unregulated Scam Broker |
| Regulated by: | Unlicensed Company / No Regulation |
| Scammers Websites: | Xpoken.com |
| Operating Status: | Active Forex Trading Scam |
| Blacklisted as a Scam by: | N/A |
| Broker Owner: | Xpoken LTD |
| Headquarters Country: | Saint Vincent and the Grenadines |
| Foundation Year: | 2020 |
| Online Trading Platforms: | XpTrade Platform / WebTrader |
| Mobile Trading: | N/A |
| Minimum Deposit: | $250 |
| Deposit Bonus: | N/A |
| Crypto Asset Trading: | Yes (LTC / BTC / XRP) |
| CFD Trading Option: | Yes, you can trade CFDs |
| Available Trading Instruments: | Currency Pairs (Forex) / Commodities / Indices / Shares / Cryptocurrencies (Cryptos) |
| Maximum Leverage: | 1:400 |
| Islamic Account: | N/A |
| Free Demo Account: | No, only real trading accounts |
| Accepts US Clients: | US traders are not accepted |
| Global Fraud Protection Experts’ Verdict: | Don’t Invest in This Scam Broker! |
What About Xpoken Regulation? – Is The Broker Legit?
Xpoken broker is owned by Xpoken LTD from Saint Vincent and the Grenadines. Since this offshore country has no regulator in charge of Forex and binary options firms, Xpoken regulation should come from Tier1 license providers.
After checking FCA, ASIC, BaFin, and numerous other registers, we’ve determined that this is yet another offshore scam firm with no regulations. Be careful and don’t let yourself be a victim of their scheme.
Issues With Withdrawals
That being said, Xpoken Forex firm is not regulated, meaning it doesn’t have to follow any rules. All offshore firms are hoping never to be tracked down by regulators and perform illicit activities for as long as possible.
Being one of them, the broker Xpoken is not any different. This company will be happy to take your money, but you will get nothing if you dare to ask for a withdrawal. Your trading account will be frozen, and you’ll not access it again.
Where Is Xpoken Trading Scam Active?
It seems that the company mainly operates in:
France
Canada
Germany
Belgium
Singapore
United Kingdom
Don’t take any offers coming from Xpoken broker, as you’re risking being defrauded!
In addition to this, If you have already deposited your money with a TradedWell, ACE FX scam brokers, we can assist you.
Real Traders About Xpoken Fraud
Xpoken claims to be an EU-regulated firm and presents itself as such. Once clients have issues and try to contact regulators, they learn they have dealt with a scheme firm all along.
Of course, withdrawals are impossible since the company was established to extort money, so this is the main topic of every Xpoken review.
Xpoken Assets and Markets – What Can I Trade?
There are several different statements on the broker’s website, leaving us confused about the exact number of trading assets. On one side, the company says it offers over 250 assets, while the platform section suggests that there are over 10,000 assets. And the difference is no small.
However, what’s for sure, clients have access to 5 major markets, including:
Currency Pairs (Forex)
Commodities
Indices
Shares such as Tesla, Mircosoft, AstraZeneca, Amazon
Cryptocurrencies (Cryptos)
Online Trading Scam – Where It All Starts?
Brokers like Xpoken have a well-developed network on social media, constantly placing fake ads. You may be caught by false promises, such as crypto software, or overnight thousands of dollars of profit. Once you invest Xpoken’s minimum deposit of $250, your account manager will pressure you to invest more and upgrade all the way until there’s nothing left.
This is when you will learn that you have been scammed, and it’s time to seek help. Don’t let fraudulent account managers convince you to give away any money before seeing withdrawals in your bank.
Did Xpoken Broker Scam You?
If you fall victim to the Xpoken scam, let us know. Our chargeback specialists will listen to your story and find the best possible way to refund you.
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