XPro has been flagged by Financial Markets Authority for "Fraud and Other Types of Misconduct|Other". XPro does not provide any financial products or services. Instead, it promotes the financial products and services offered by its partner organisations: Shiiro Academy, B2Pay and Homnifi.
XPro is a multi-level marketing scheme. It sells subscriptions, which grant members access to XPro’s “r... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I wanted to transfer my portfolio from another broker to XPro. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Smooth onboarding|Portfolio tracking tools|Good analytical tools|Demo account available
Cons: Account statements could be more detailed|Live chat only during business hours
XPro 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: Clear documentation|Market news feed
Cons: Cannot customize dashboard fully
I was about to invest with XPro 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: Listed in warning databases|No transparency|Pressure to invest quickly
I want to warn everyone about XPro. They have been flagged by Financial Markets Authority 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: Lost entire investment|Reported to authorities|Unresponsive