XTRADE Review 2025: Is This Forex Broker Safe?

XTRADE is a Cyprus-based XTRADE broker established in 2017. Despite offering a modern and fully digital account opening process, it currently holds an extremely low WikiFX Score of 1.78 out of 10. This dismal rating reflects severe regulatory concerns, recent official warnings, and a distinctly high volume of user complaints registered against the company.

Pros and Cons of XTRADE

• ✅ Multiple tiered account options starting from a $250 minimum deposit.
• ✅ Customer support accommodates multiple languages and social media channels.
• ❌ Extremely dangerous WikiFX Score of 1.78.
• ❌ Licenses across multiple jurisdictions are either revoked or actively unverified.
• ❌ Official warning issued by the Securities Commission Malaysia for unauthorized activities.
• ❌ Overwhelming volume of severe complaints regarding alleged fraud and blocked withdrawals.

XTRADE Regulation and License Safety

The regulatory standing of this firm is highly compromised, presenting severe risks to any potential client's capital.

Unverified and Revoked Licenses

According to current data, the regulatory license previously held with the Australia Securities & Investments Commission (ASIC) has been officially revoked. Additionally, purported financial licenses from the Cyprus Securities and Exchange Commission (CYSEC) and the South Africa Financial Sector Conduct Authority (FSCA) remain entirely unverified. This means traders have no legitimate financial safety net or dispute resolution framework through these authorities.

Risk Warning: Negative Regulatory Disclosures

The Securities Commission Malaysia (SCM) has actively flagged this entity. In a published Investor Alert, the SCM cited the firm for carrying out unlicensed capital market derivative trading activities. Engaging with a firm operating without authorization significantly increases the risk of financial theft.

Real User Feedback and Complaints

Over the past three months, WikiFX has received at least 30 serious complaints regarding this firm, spanning jurisdictions such as Brazil, the Philippines, Peru, and Mexico.

A recurrent theme in user testimonials is extreme psychological pressure from assigned account managers. Multiple victims described scenarios where their “consultants” deliberately executed bad trades, draining the account. Once the capital was aggressively diminished, these agents would falsely claim that the trader must make an immediate, large deposit to protect and “save” their remaining funds.

When traders ultimately attempt to withdraw their remaining money or profits, they are met with extensive delays and manipulated terms. In several cases, users reported that the broker unlawfully demanded upfront “processing fees” or additional deposits of thousands of dollars just to release their funds—a classic hallmark of a total scam.

XTRADE Forex Trading Conditions and Fees

Accounts

The broker advertises four main account tiers that support Expert Advisors (EA), scalping, and position locking:

• STANDARD: $250 minimum entry condition.
• PREMIUM: $1,000 minimum entry condition.
• PLATINUM: $5,000 minimum entry condition.
• VIP: $20,000 minimum entry condition.

Platforms

Rather than relying on industry-trusted software like MetaTrader 4 or 5, the broker strictly uses a proprietary, self-developed trading application. Compatibility is highly restricted; it only supports Android and iOS mobile devices, entirely excluding Windows, macOS, and standard Web traders. Traders can access the markets via the login on this mobile platform; however, technological reviews report that the software lacks vital biometric authentication and two-step sign-in features, rendering the user experience relatively basic and unsecure.

Final Verdict

Operating under a cloud of unverified claims and revoked licensing, the broker XTRADE poses an unacceptable level of risk to retail traders. The combination of official regulatory warnings from Malaysia, an alarming WikiFX Score of 1.78, and disturbing user reports detailing manipulated trades and frozen withdrawals establishes that this entity cannot be trusted. Your capital will be highly vulnerable under its current operational model.

To stay safe and view the latest regulatory certificates, check XTRADE on the WikiFX App.