XferCapital (Clone) has been flagged by Financial Services and Markets Authority for "Registered/Licensed entity impersonators". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I have been trying to close my account with XferCapital (Clone) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Clear documentation|Quick verification|Comprehensive tools
Cons: Limited demo account features|Some tools only available on higher tiers
After spending for the past six months trying to make XferCapital (Clone) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Real-time alerts|Personal attention
Cons: No crypto staking|No fractional shares
The so-called education at XferCapital (Clone) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted since early this year thinking they would help me learn.
Pros: Good analytical tools|Dividend tracking|Multiple order types
Cons: Withdrawal takes 1-2 business days
My withdrawal from XferCapital (Clone) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for about ten months of being strung along.
Pros: Dedicated account manager|Responsive team|Fast support response|Detailed reporting
Cons: Help articles are sometimes vague
I was about to invest with XferCapital (Clone) but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Services and Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database
Tried to withdraw my funds from XferCapital (Clone) and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
My withdrawal request from XferCapital (Clone) 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: Multi-currency support|Customizable dashboard|Low minimum deposit|Multi-device support
Cons: Limited ETF selection|Website design could be more modern