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/10
The WikiFX Score of this broker is reduced because of too many complaints!

XPro Markets

South Africa | 2-5 years |
Regulated in South Africa | Financial Service Corporate | MT4 Full License | Regional Brokers | Suspicious Overrun | High potential risk

https://xpromarkets.com

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

UkuchumaFinancial-MAIN Live

United Kingdom
MT4
4

Influence

C

Influence index NO.1

United Arab Emirates 3.02
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

4
Server Name
UkuchumaFinancial-MAIN Live MT4
Server Location United Kingdom

Influence

Influence

C

Influence index NO.1

United Arab Emirates 3.02
Surpassed 22.10% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+27 870948672
inquiries@xpromarkets.com
https://xpromarkets.com
OFFICE 1-14 1ST FLOOR WORKSHOP 17 138 WEST STREET SANDOWN GAUTENG 2196

Licenses

Licensed Entity:Ukuchuma Financial Services (PTY) LTD

License No. 32535

Keywords 7
2-5 years
Regulated in South Africa
Financial Service Corporate
MT4 Full License
Regional Brokers
Suspicious Overrun
High potential risk
Warning: Low score, please stay away!
2025-04-30
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
3

Basic Information

Registered Region
South Africa
Operating Period
2-5 years
Company Name
Ukuchuma Financial Services (PTY) LTD
Abbreviation
XPro Markets
Company employee
--
Customer Service Email Address
inquiries@xpromarkets.com
Contact Number
+27870948672
Company Website
Company address
OFFICE 1-14 1ST FLOOR WORKSHOP 17 138 WEST STREET SANDOWN GAUTENG 2196

orlando9343

Colombia

I lost my money with this platform. My name was a lady of Peruvian nationality who told me to invest a certain amount of 3,472.00. At first they let me withdraw money and then after a while they called me to say that I couldn't withdraw more because if I didn't lose the margin I would have to invest more. so as not to lose the margin. I don't know what to do, it was a lot of money, that's what I had, please, if you could help me, I invested that money with my partner.

Exposure

2024-02-08

Shorty276

Mexico

Last November 2, a woman named Luna contacted me who claims to be a broker for the company and I agreed to invest with download said They say that later and they put me off and they don't even answer the phone. I already made a withdrawal request on the platform and no one gives me a solution after the second transfer. A few days later a person calls me saying that they scammed me and asking me for the investment details. account numbers and let her see the screen of my phone remotely, which I did not agree to give her any information and after that event is when they no longer give me an account of my money, they do not answer or messages, the numbers are still in the platform continues to reinvest but I don't have access to anything and I want to withdraw the money before they disappear since they don't give me a withdrawal solution. In a few words I asked to withdraw a certain amount and they hid from me.

Exposure

2024-02-03

orlando9343

Colombia

I invested 3472.00 dollars at the beginning they let me withdraw 1489.23 and then they told me no that if I withdrew VAT I would lose margin. I would have 3472.00 left when I went to withdraw. They started calling me not to withdraw it because I would have a loss. I made a process to withdraw from one moment to the next. The money was already there, according to them, they had lost it.

Exposure

2024-02-01

orlando9343

Colombia

I invested 3,472.00 dollars at the beginning they let me withdraw 1,489.23 and then they told me no, if I withdrew more I would lose the money that was left. I had 3472.00 left but now my money is gone, only 248.24 left. They told me that if I didn't invest more I would lose the margin. A woman of Peruvian nationality calls you and tells you what to do. I made one last withdrawal but as you see in the image it was left uncompleted. They didn't let me withdraw

Exposure

2023-12-06

Ku3228

Chile

I made a withdrawal and until now they are lying to me that they will move me to another department. Ten days have passed and my money has not been returned. It is a scam. They insult you and discriminate. Do not fall for this scam. They ask for my bank details, I have sent them in more than 10 occasions.

Exposure

2023-11-02

Berny935

Costa Rica

It all started on October 17, 2023 when after some talks about how to use the platform, the Broker "Lucas Monfort" who I consider a fictitious name, "guided" me with the process to work the platform and generate profits. After talking, he managed to persuade me that if I deposited a sum of 3000 dollars they would reward me with 2000 dollars, I entered 3740 dollars to operate and indeed the market increased exponentially and thus generated a sum of 7700 dollars. The next day, October 18, 2023, the person Lucas Monfort called me from different numbers every minute and wrote to me through the Telegram application, he told me that he would cancel the profits to continue investing and it was at that moment where I began to read people's experiences. that once worked they generated a profit of 7,700 dollars, at that precise moment I began to read several reviews from people who had lost all their money with them so I refused to agree to the cancellation. He called me every day to do it and I didn't do it. On Thursday they deposited 300 dollars with me in order for me to release my profits, however I did not do so either, it should be noted that since Tuesday, October 17, my accounts appeared with the withdrawal pending. What happened next was that yesterday, Monday, October 23, he told me that we would operate with a bonus that had been approved for me, I agreed to work that money and I thought that maybe this way they could get the profits from them and they would release my money faster, however, minutes later, my account was negative, I had a debt of -1200 dollars where they told me that I had to deposit an amount of 1200 from my cards to compensate for that loss. I didn't do it, so they sent me an email telling me that my account had been completed, I logged in and everything was at zero, and minutes later they sent me another email CANCELING MY WITHDRAWALS due to "Insufficient balance." I started sending emails to request my money, I sent an email to the Financial Sector Conduct Authority in South Africa, since they are the country's superintendent, complaining about the case, however I have not received any response. I am afraid of losing this money since it was from a credit card, when I did not have this money in account and just like that out of nowhere I lost everything. The Broker Lucas Monfort calls me and sends me messages to invest more to recover that "lost" money when that was easily a SCAM. These people are not professionals, they only care about stealing your money, the system says that it takes 3 days to deposit, however this is the example where we see that it is not true... I hope you can help me soon, I need to get my money back.

Exposure

2023-10-25

Nuno2013

Portugal

After i Invest 250 the broker Rised up to 400 wich i can ser in my balance account. Then he told me he got an Equity of 12400 and to see the money i had to pay 2400 of taxes. I try to withraw without success and he told me its Impossible. I tried to send an email to support@xpromarket.co.uk but dont exist. I tried to send an SMS but allways says to try later. I didn't pay but i Lost 250 and even more if i pay the 2400...

Exposure

2023-04-19

Hari92521

India

Wrong place to invest our money. Withdrawal of money is not at all happening. I have done so many request for withdrawing money. But no response. They cheat by forcing to invest 1000 dollars and above. Do not believe them and be aware of this. Fake business. I strongly recommend not to do trade with Xpromarkets.com. Do not invest money with them. They totally cheat you. Waste of time investing here. Wrong place to invest our money. Withdrawal of money is not at all happening. I have done so many request for withdrawing money. But no response. They cheat by forcing to invest 1000 dollars and above. Do not believe them and be aware of this. Fake business. I strongly recommend not to do trade with Xpromarkets.com. Do not invest money with them. They totally cheat you. Waste of time investing here. 

Exposure

2022-08-03

FX4262122115

Taiwan

At first, I saw on the website that you can make a deposit of 250 US dollars for investment, and also arranged an online teacher for online guidance. At the beginning, there was a 50-dollar withdrawal, but then they were told that they could not deposit 3,000 US dollars. The attitude of the other teacher was not very friendly at first. On the one hand, I was also very worried about not getting the money back, so I still cooperated with the other party, but when I made an appointment for the next class, the other party did not call. I sent an email, and the other party said that they would tell the relevant units for assistance, but there was no news after that. I logged in again and found that my account was blocked! I have $750 of my hard-earned money that has never been returned! I have also reported the case, hoping that more people will not be fooled!

Exposure

2022-06-20

FX2353162780

South Korea

I invested excessively in addition to the money I had originally. It guarantees a certain profit. I invested because I needed a lot of money, but even the principal is lost now and it is impossible to withdraw. Originally, the principal was guaranteed.

Exposure

2022-04-28

Jarvis11402

Hong Kong

Fraud platform with huge spread. After registering, a bunch of customer service calls will come and let the teacher guide you to trade. You cannot withdraw money after refusal. .

Exposure

2022-04-13

Derekkk

South Africa

I cannot believe Xpro market’s official has been shut down this way… I registered a trading account here six months ago, and I didn’t trade often. Almost forget I have $500 in my account…

Neutral

2023-02-20

FX1031445094

Australia

Xpro Markets does provide educational resources, quite friendly to beginners. But I do feel that its trading conditions, like spreads, not competitive enough… Another problem is their customer service, when typing for something related to trading conditions, what you’ll get is constant requests for deposits.

Neutral

2022-11-24

FX1051863289

Malaysia

As a beginner, I am very happy to find a good broker to study some forex trading knowledge. They offer trading e-books and interactive courses, which are very helpful for me to get started. But I still have some difficulties understanding part of them, so I have to ask their customer support, sometimes they can answer fast, but sometimes they can’t. Overall they are good.

Positive

2022-11-25

14
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Website

  • xpromarkets.com

    Server Location

    United States

    Website Domain Name

    xpromarkets.com

    Server IP

    104.26.2.45

Company Summary

XPro Markets Review Summary
Founded2019
Registered Country/RegionSouth Africa
RegulationExceeded
Market Instrumentsforex, indices, commodities, shares, cryptocurrencies, and metals
Demo AccountNot Mentioned
LeverageUp to 1:400
SpreadStarting from 0.9 pips
Trading PlatformXPro Markets Webtrader
Min DepositNot mentioned
Customer Supportsupport@xpromarkets.com
+27870948672, +27101573383

XPro Markets Information

XPro Markets is an online forex broker that provides access to multiple financial instruments for trading, including forex, indices, commodities, shares, cryptocurrencies, and metals. The company offers four different account types with variable spreads and leverage of up to 1:400 through the WebTrader.

XPro Markets Information

Pros and Cons

Pros Cons
  • Allows for zero-commission trade
  • Exceeded regulation
  • Offers two account types and a demo account
  • Do not support MT4/MT5
  • Offers multiple assets to trade
  • Limited information on deposits and withdrawals

Is XPro Markets Legit?

XPro Markets once had a Financial Service Corporate license regulated by the FSCA. But it has already exceeded.

Regulatory Status Exceeded
Regulated by South Africa
Licensed Institution The Financial Sector Conduct Authority (FSCA)
Licensed TypeFinancial Service Corporate
Licensed Number32535
Is XPro Markets Legit?

What Can I Trade on XPro Markets?

XPro Markets offers many tradeable assets, including forex, indices, commodities, shares, cryptocurrencies, and metals.

Tradable Instruments Supported
Forex
Commodities
Metals
Indices
Cryptocurrency
Shares
Stock
What Can I Trade on XPro Markets?

Account Type

XPro Markets offers five types of accounts: Classic, Silver, Gold, Platinum, and Vip, with different leverage and spreads. But the company does not offer demo accounts or Islamic accounts.

FeatureCLASSICSILVERGOLDPLATINUMVIP
InstrumentsAll AssetsAll AssetsAll AssetsAll AssetsAll Assets
Swap DiscountAvailableAvailableAvailableAvailable
Margin Call100%100%100%100%100%
Stop Out20%20%20%20%20%
Minimum Volume Per Trade0.010.010.010.010.01
Maximum Volume Per Trade5050505050
Negative Balance Protection
Free Support
Free Trading Education
Account Type

Leverage

XPro Markets offers a maximum leverage of 1:400 for all account types. When investing, notice that high leverage implies high returns, but also comes with high risks.

CLASSICSILVERGOLDPLATINUMVIP
FXup to 1:400up to 1:400up to 1:400up to 1:400up to 1:400
Silver & Gold (Metals)up to 1:200up to 1:200up to 1:200up to 1:200up to 1:200
Indicesup to 1:200up to 1:200up to 1:200up to 1:200up to 1:200
Commoditiesup to 1:200up to 1:200up to 1:200up to 1:200up to 1:200
Stocks/Equitiesup to 1:5up to 1:5up to 1:5up to 1:5up to 1:5
Leverage

XPro Markets Fees

XPro Markets allows for zero-commission trade. Different accounts of XPro Markets offer different spreads. The EUR/USD spread starts from 0.9 pips for VIP account.

CLASSICSILVERGOLDPLATINUMVIP
EUR/USD2.52.51.81.40.9
Gold2.82.82.321.4
Crude Oil2.82.82.321.4
Dax$0.14$0.14$0.13$0.12$0.10
XPro Markets Fees

XPro Markets's swap fees are applied at the end of each trading day. Notably, triple fees are charged on Wednesdays, while no fees are applied over the weekend.

For example, for AUDCAD, where AUD is the base currency, holding a long position overnight incurs a swap fee of -59.02 AUD, while holding a short position incurs a fee of -58.22 AUD.

XPro Markets Fees

Trading Platform

Trading PlatformSupported Available Devices Suitable for
XPro Markets WebtraderIOS and AndroidInvestors of all experience levels
MT4IOS and AndroidInvestors of all experience levels
Trading Platform

Keywords

  • 2-5 years
  • Regulated in South Africa
  • Financial Service Corporate
  • MT4 Full License
  • Regional Brokers
  • Suspicious Overrun
  • High potential risk

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