XaxoTrading Limited (xaxotrading.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: 42 Crawford Place London W1H 5NA United Kingdom This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: xaxotrading.com.
The hidden fees at XaxoTrading Limited (xaxotrading.com) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Professional team|Two-factor authentication|Real-time alerts|High security standards
Cons: Would like more payment methods
XaxoTrading Limited (xaxotrading.com) 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: Tax reports included|Segregated accounts|Clear documentation|Full transparency
Cons: Minor UI glitches occasionally|Desktop app not available on Linux
My withdrawal request from XaxoTrading Limited (xaxotrading.com) 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: Risk management tools|Competitive fees|Economic calendar|Regular updates
Cons: No phone support on weekends
XaxoTrading Limited (xaxotrading.com) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Good analytical tools|Regular updates|Risk management tools|Portfolio tracking tools
Cons: Withdrawal takes 1-2 business days|Help articles are sometimes vague
Opened my account with XaxoTrading Limited (xaxotrading.com) while looking for alternatives to my previous provider and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Transparent fees|Stable platform|Excellent charting
Cons: No dark mode on mobile|Currency conversion fee exists
I found XaxoTrading Limited (xaxotrading.com) when my bank disappointed me and I searched for alternatives and the initial impression was positive. But for about three months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Fast support response|Multi-currency support|No hidden fees
Cons: Withdrawal takes 1-2 business days