Score
South Africa
|
5-10 years
| https://www.xtrendspeed.com/en-US
Website
Rating Index
Influence
B
Influence index NO.1
Germany 3.94
Licenses South Africa
WikiResearch
xtrendspeed.com Singapore
VIP is not activated.
| XTrend Speed Review Summary | |
| Founded | 2020 |
| Registered Country/Region | South Africa |
| Regulation | CySEC/FSCA (Suspicious clone) |
| Market Instruments | Forex, commidities, indices, shares |
| Demo Account | ✅ |
| Leverage | 1:30-1:300 |
| Spread | Floating |
| Trading Platform | XTrend Speed |
| Copy/Social Trading | ✅ |
| Minimum Deposit | / |
| Customer Support | 22/7 support |
| Live chat, contact form | |
| Email: complaints@rynatcapital.com | |
| Social media: WhatsApp, Telegram, Facebook, X, Linked, Youtube, Trading View | |
| Regional Restrictions | Afghanistan, Albania, United States, Bahamas, Barbados, Belarus, Belgium, Botswana, Burkina Faso, Burundi, Cambodia, Canada, China, Cyprus, North Korea, Democratic Republic of Congo, Republic of Congo, Ghana, Gibraltar, Iceland, Iran, Jamaica, Jordan, Mali, Mongolia, Morocco, Mozambique, Myanmar, Nicaragua, Pakistan, Panama, Senegal, Sudan, Syria, Tanzania, Trinidad and Tobago, Uganda, Ukraine, Venezuela, Yemen, Zimbabwe, Rusia clients are not allowed |
XTrend Speed is a suspicious clone broker, offering trading on forex, commidities, indices and shares with leverage up to 1:300 and floating spreads on XTrend Speed trading platform.
| Pros | Cons |
| Demo accounts | Suspicious Clone licenses |
| Copy/social trading | No MT4/MT5 platform |
| Multiple payment options | |
| Live chat support |
No. XTrend Speed is currently a suspicious clone broker. Please be aware of the risk! It also offers negative balance protection.
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
 | Cyprus Securities and Exchange Commission (CySEC) | Suspicious Clone | Rynat Trading Ltd | Market Maker (MM) | 303/16 |
 | Financial Sector Conduct Authority (FSCA) | Suspicious Clone | Rynat Capital (Pty) Ltd | Financial Service Corporate | 23497 |
XTrend Speed offers trading on forex, commidities, indices and shares.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Cryptos | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
XTrend Speed offers leverage from 1:30 to 1:300. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.
XTrend Speed does not charge clients any additional fees for deposits, however there are charges for withdrawals. Further information is not specified.
3.5% fee is charged on Withdrawals by E-wallet/ Credit Card/Debit Card.
Fees for withdrawals via Sofort and wire transfer will be charged depending on the withdrawal amount and country and currency of the bank account.
More detailed info can be found via https://www.xtrendspeed.com/en-US/more/faq
| Trading Platform | Supported | Available Devices | Suitable for |
| XTrend Speed | ✔ | Mobile, PC, web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
| Payment Methods | Minimum Withdrawal | Withdrawal Processing Time |
| PayPal/Skrill/Neteller | $20 | Instant |
| Nuvei/SecurionPay/Neteller/EcommPay | 2-3 working days | |
| Sofort/Trustly/Ipay | 3-5 working days | |
| Wire Transfer | $100 | 3-7 working days (Depends on EU/NON-EU countries) |
| Razorpay | $20 | 5-7 working days |
Do you have to go through numerous checks when withdrawing funds from XTrend Speed? Is constant deposit pressure annoying you? Are you constantly losing trades despite following strategies? Before you get scammed, take necessary measures to recover your funds. Many traders have expressed their disappointment on review platforms. In this article, we will share trader reviews against XTrend speed. Time for you to look at such reviews and act accordingly.
The stock market faced significant setbacks in September, with the S&P 500 Index, a broader seen since early June. Despite this, a market strategist remains optimistic about the medium- term outlook.
The Dow closed lower Friday, snapping a four- week win streak on mixed quarterly earnings ahead of results from big tech next week. The Dow Jones Industrial Average was 0.1%, or 22 points higher, the Nasdaq rose 0.1%, and the S&P 500 added 0.1%.
The FTSE 100 is closing in again on the 8,000-point milestone it breached for the first time ever earlier this year, with five weekly gains in a row close to putting the index in official bull market territory.
The S&P 500 dipped and the Nasdaq ended sharply lower on Wednesday after a growing wave of weak economic data deepened worries that the Federal Reserve's rapid interest rate hikes might tip the U.S. economy into a recession.
The S&P 500 traded lower on the week as the latest round of earnings reports suggest a recession could be on the horizon. On Monday, China reported its economy grew 4.5% in the first quarter, exceeding economist estimates of 4% GDP growth. China finally lifted most of its COVID-19 economic and travel restrictions in the first quarter, opening the door for the nation's highest economic growth since the first quarter of 2022.
XTrend Speed has a low minimum deposit requirement of $25, which makes it very accessible for beginner traders like me. This is great for testing out the platform without a large financial commitment. However, with its unverified licenses, I would proceed carefully with such small amounts until I can verify the platform’s reliability.
XTrend Speed has some good features like demo accounts and access to forex, commodities, and cryptos, but its unverified licenses from CySEC and FSCA make me wary. Is XTrend Speed legit? I would say it’s questionable due to the lack of reliable regulatory oversight. I would recommend proceeding with caution, especially if you’re planning to trade with significant amounts.
XTrend Speed offers leverage up to 1:300 for most forex pairs. For cryptos, the leverage is lower at 1:25, which is still reasonable. I personally appreciate the high leverage for forex trading, but I always make sure to use it cautiously to manage the risks involved, especially when dealing with unverified brokers.
Based on my experience with XTrend Speed, the platform is unverified by both CySEC and FSCA, even though they claim to be regulated by these authorities. This unverified regulation makes me hesitant to fully trust the platform. As a trader, I prefer brokers with clear and valid regulation to ensure my funds are protected, so the unverified status raises some serious concerns for me.
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Chris4642
Hong Kong
They require a proof of my address issued by my company, otherwise the payment will not be made. My address is recognized by the government, banks, etc. But the platform still requires the company to prove my address, and even if I provide the company's certificate, there is still no guarantee that I can withdraw money.
Exposure
Alechef
Vietnam
I made 8 withdrawal requests, all rejected!! They justify themselves by saying that my bank rejects the request! BEWARE. IT'S A SCAM.
Exposure
dewasuling
Indonesia
I've been using this app for a long time, but recently I created a new account and made a deposit to complete the mission. There were many interesting missions on Xtrend speed, but after withdrawing a few days later several features and missions were removed from the account. There was no notification or clear reason from SC Xtrend speed. I checked on my grandmother's account, and the feature was still there but on other accounts, it was removed. I traded on the old account again and managed to do WD once, but a few days later several features and missions on my account disappeared. There were still no warnings or notifications. Based on conversations with the personal manager, he couldn't explain a rational reason. He just said, "The event has ended". I checked my friend's account, and the features and missions were still there. I think the service on this app is no longer transparent and has a detrimental game and that is what decided me to stop trading on this app.
Exposure
wedussss
Indonesia
Withdrawals are always rejected for unclear reasons. Fraudulent site.
Exposure
Kendrick Thoroughgood
Pakistan
The website also lacks detailed educational resources, which is a bummer for someone like me who's always looking to up their trading game. And no 24/7 customer support? I've run into issues that needed immediate attention, and the limited availability was frustrating.
Neutral
Peregrine Fairchild
France
Been rolling with XTrend Speed for a minute now, and I gotta say, they got a solid offering. The range of markets is on point – over 280 instruments, including forex, commodities, indices, and shares. The STrader platform is smooth for both PC and mobile trading. I'm all about that copy trading life, and XTrend delivers with diverse strategies to follow. The low spreads and multiple communication channels for customer support are definite pluses. Overall, a good fit for traders looking for variety and user-friendly tools.
Neutral
nup
Mexico
I WAS NEVER ABLE TO WITHDRAW ANY OF THE CAPITAL PRIZES OR RECEIVE ANY OF THE AMOUNTS FROM THE SWEEPSTAKES OR USE THE CREDITS YOU WIN IN THE CONTESTS.
Exposure
是筱娜娜呀
Cambodia
Honestly, spreads on instruments offered by Xtrend Speed are average, and I am leaving it. However, customer service is great, just with high trading fees.
Neutral
FX1200787341
Venezuela
although the contents on the xtrend speed website looks professional, i see that it is not under any effective regulation. so I do not recommend trading here: the safety of money is the most important thing in forex trading.
Positive
赵海霞
Singapore
The deposit threshold is low, and you can start with only 10 US dollars, which is too attractive, but it is said that the withdrawal fee is relatively high. I am still hesitating and want to see if this platform is worth trading. What do you think?
Positive