xmarktrades.com has been flagged by Cyprus Securities and Exchange Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: xmarktrades.com.
Do not use xmarktrades.com for anything serious. I used them since the beginning of the year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Educational resources|Two-factor authentication
Cons: No crypto staking|Limited demo account features
I lost a significant amount because xmarktrades.com did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Smooth onboarding|Real-time alerts
Cons: Spreads widen during volatile periods|Limited demo account features
The only good thing about xmarktrades.com is that they remind you why regulation matters. I found them after reading several online reviews. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Demo account available|Low minimum deposit|Fast support response
Cons: Spreads widen during volatile periods
xmarktrades.com has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Good analytical tools|Smooth onboarding|Market news feed
Cons: Limited cryptocurrency options
xmarktrades.com advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Quick verification|Regular updates|Intuitive for beginners
Cons: No phone support on weekends
The spread at xmarktrades.com is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through a forum discussion and initially thought the platform was good - until I started trading seriously.
Pros: Fast support response|Segregated accounts|Competitive fees
Cons: Onboarding videos are outdated
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. xmarktrades.com said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Reliable uptime|Multiple order types|Portfolio tracking tools|Good analytical tools
Cons: Would like more payment methods|None so far
I trusted xmarktrades.com 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: Real-time alerts|Good mobile app
Cons: Email notifications too frequent|No live chat on mobile
Tried to withdraw my funds from xmarktrades.com 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: No regulatory oversight|Money disappeared|Fake testimonials
Several red flags with xmarktrades.com: (1) They promise unrealistically high returns, (2) They're not registered with Cyprus Securities and Exchange Commission, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Flagged by Cyprus Securities and Exchange Commission|Cannot verify credentials