Xovra has been flagged by Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". Carrying on unlicensed capital market activities of dealing in securities This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
My withdrawal request from Xovra 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|Two-factor authentication|High security standards|Fast execution
Cons: Currency conversion fee exists|No phone support on weekends
I closed a profitable position at Xovra and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Competitive fees|Professional team|Great customer service
Cons: Desktop app not available on Linux|Mobile app could be improved
I was about to invest with Xovra but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Securities Commission has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I want to warn everyone about Xovra. They have been flagged by Securities Commission as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Cons: Blocked my account|No legitimate license|Fake returns
My card was charged twice by Xovra on the same day. I had to dispute it with my bank. Xovra then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Regular updates|Wide product range
Cons: Inactivity fee applies after 12 months
After for about five months with Xovra, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Low minimum deposit|Fast deposits
Cons: Nothing significant|Help articles are sometimes vague
I had a dispute with Xovra and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Professional team|Responsive team|Helpful community forum
Cons: Slow to add new assets|Nothing significant
After spending for about ten months trying to make Xovra 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: Multi-device support|Quick verification
Cons: Alert system is basic
I requested my data from Xovra under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Excellent charting|Competitive fees
Cons: No dark mode on mobile
The hidden fees at Xovra 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: Clean UI|Quick verification|Demo account available
Cons: Onboarding videos are outdated