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Looking at X-tradebrokers’ website reveals that they are not subject to any regulatory bodies. That raises a BIG RED FLAG! That ought to be sufficient to convince you not to work with them. Additionally, they collaborate with “Automated trading software”-related websites, which is another warning sign because these websites are infamous for their involvement in scams.

In recent times, we have had a lot of complaints about a fraudulent platform called X-tradebrokers, it has been brought to our attention that there’s a fraudulent scheme going on there with the aim to steal from investors. The IOSCO and FCA  also confirmed in their publication that  X-tradebrokers is a scam platform. Just to clear any doubts,  X-tradebrokers is a SCAM.

If you have been scammed and you are looking for ways to recover your money from X-tradebrokers, visit the The Capital Co (www.thecapitalco.net) website at www.thecapitalco.net.

The Capital Co (www.thecapitalco.net) provides international financial fraud investigative measures aimed at helping victims of financial scams recover their money. The Capital Co (www.thecapitalco.net) was founded to protect and help victims of investment scams with the assistance of sophisticated asset recovery specialists globally.

Thus, x-tradebrokers.com is just another unregulated forex broker, leaving customers without protection. It is also quite likely that they will escape with your hard-earned money because there is no regulatory body to hold them accountable.
When it comes to writing these reviews, we don’t make snap judgments. We also don’t only depend on a few unfavorable customer evaluations. Although a lot of the feedback on review websites is legitimate, a lot of it is written either to enhance a broker’s image or to disparage rivals. Some shady brokers pay individuals to create fake client reviews.

It takes years of meticulous research into broker fraud before one can determine if the majority of evaluations are trustworthy or not. Additionally, our professionals have various ways of sorting through pertinent material, such as data from regulators, news articles, and official warnings.

Additionally, we can identify trends in the evidence from the various scams we look into and find hints that a broker is not a real person. In this instance, X-TRADE BROKERS appears to be a likely fraud.

This isn’t simply a hunch; it’s based on two things: first, regulator notifications that we receive, and second, a careful analysis by our staff. The following issues may have been present on X-TRADE BROKERS, which was flagged for one or more of these concerns.
Before opening an account with a broker, we always advise our clients to confirm that the broker is licensed. To be safe, you must do more than simply verify that a broker is claiming to hold a license or that a picture of one is present.

Like many dodgy brokers, X-Trade Brokers may have presented a fake license, claimed to have a license when they didn’t, or may have displayed a license that was revoked. Sadly, this kind of fraud is widespread. It’s possible that X-TRADE BROKERS had faith that no one would go deeper and verify their assertions.

If they look further and visit the regulator’s website, they can discover that X-TRADE BROKERS does not hold a valid license and that there might even be cautions against them. By checking a website, one can verify or disprove claims about license in under a minute.

The fact that X-TRADE BROKERS might be offshore or third-tier despite having a license is another potential issue. A license that is useless will be obtained through a lot of dubious business techniques. They can simply pay a fee and obtain a license, but there will be no supervision or inspections, and as a result, no client protection.

How does it function?

The following is typically how unlicensed forex brokers operate. They will phone them and use every tactic at their disposal to convince them to make the initial minimum deposit. They’ll make promises such, “We’ll quadruple your initial deposit,” or “You’ll make $100 per day with ease” that seem too good to be true. Please don’t believe a word they say! This is a SCAM! After making the initial deposit, users are moved to a “retention agent,” a more cunning con artist, who will attempt to defraud them of more funds.

withdrawal of money

Your money is never secure with an unlicensed broker, so you should request a withdrawal as soon as possible. And this is when it becomes complicated. No matter whether you have earnings or not, if you wish to withdraw money, they will put off the process for months. You won’t be able to file a chargeback after a six-month delay, and your money will be permanently lost. You will NOT get your money back, no matter how many times you remind them or insist on removing it.

Additionally, if you agreed to the Managed Account Agreement, or MAA, which essentially gives them free reign to do whatever they want with your money, they will lose all of your money and won’t have anything left over to ask for.

How can you recover your money?

There may be a technique or two to get your money back if you already deposited money with them and they refuse to return it, which is quite likely to happen. First and foremost, you must save the emails as evidence that you have asked them for a refund of your money but that they have refused to do so or have delayed the process unnecessarily.

Chargeback should be the first action you take! And you need to take action right soon! Inform your bank or credit card company that you were duped into making a deposit for an unlicensed trading company, and that the company is refusing to return your money. This is the most straightforward method of getting your money back, but it also causes them the greatest harm. Because if there are many chargebacks made, their relationship with the payment service providers would be destroyed.

We can help you prepare your chargeback case if you’ve never done it before, if you’re unsure of where to begin, or if you’re not sure how to present your case to your bank or credit card company. Simply email us at authenticreview09@gmail.com and tell your broker you are in touch with us without telling them you read this article.

How about wires?

There is no way to do a chargeback on a wire if you sent them one. You must intensify the conflict for this next step. Inform them that you will report them to the authorities and file a complaint. That will cause them to reconsider offering a refund. Another action you might do is to write an email or letter to the regulatory bodies.

You can conduct a google search to identify the organization in charge of overseeing Forex brokers in the nation in which you currently reside. Following that, you can write them a letter or email outlining how you were duped by them. If they don’t refund your money, make sure you show them this letter or email and threaten to send it to the appropriate regulatory body. Reach out to us at authenticreview09@gmail.com if you are unsure about where to begin, and we will assist you with this stage as well.

Don’t forget to evaluate x-tradebrokers.com on other websites.

By posting negative reviews on other websites and providing a brief account of what transpired, you can further damage them and prevent others from becoming victims. If you were a victim, kindly leave a review and a remark in the space provided on this website. Additionally, when these people alter their websites, they frequently call their previous customers. If this happens to you, please note it in the comment section or let us know by getting in touch with us. We and families around the world would greatly appreciate that. Additionally, if you receive calls from other businesses, either include their names in the remark or give them to us. We’ll also expose them.

x-tradebrokers.com Review Findings

We truly like writing the x-tradebrokers.com review because we want to prevent as many people as we can from losing their hard-earned money. Before you conduct any transaction, it is a good idea to carefully evaluate all of the Forex companies and any other company for that matter. We really hope that our evaluation of x-tradebrokers.com was beneficial to you.

To recover your money from X-tradebrokers, consult the asset recovery experts at The Capital Co (www.thecapitalco.net), with an excellent record in fund recovery, your case won’t be an exception. Contact The Capital Co (www.thecapitalco.net) now.