Xavadex has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Customer support at Xavadex seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Transparent fees|Easy withdrawals
Cons: Mobile app could be improved|Could offer more webinars
Xavadex seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Quick verification|Demo account available
Cons: Inactivity fee applies after 12 months
I trusted Xavadex with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Regular platform improvements|Two-factor authentication|Low minimum deposit
Cons: Withdrawal takes 1-2 business days|No phone support on weekends
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Xavadex is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Blocked my account|No legitimate license|Fake returns
My withdrawal request from Xavadex has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Comprehensive tools|Competitive fees|Fast execution|Responsive team
Cons: Some tools only available on higher tiers|Withdrawal takes 1-2 business days
Xavadex offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Fast support response|Two-factor authentication|Responsive team
Cons: Some tools only available on higher tiers|Currency conversion fee exists
I was about to invest with Xavadex but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Pros: Website looks legitimate on the surface
Cons: Unauthorized firm|Found in IOSCO warnings database
Do not believe the bonus offer from Xavadex. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after hearing about them at a conference and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Automated trading options|Intuitive for beginners
Cons: Limited social trading features
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Xavadex recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Regular updates|Demo account available|Reliable uptime
Cons: Cannot customize dashboard fully|Email notifications too frequent