Xpromarkets has been flagged by Autorité des marchés financiers for "Unregistered/Unlicensed entity offering financial products or services". Xpromarkets is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec.
Last known city : Sandown Sandton, South Africa This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: xpromarkets.com.
I had high hopes for Xpromarkets after reading several online reviews, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Segregated accounts|Good analytical tools
Cons: Nothing significant
I invested $5,000 with Xpromarkets after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Autorité des marchés financiers.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
Xpromarkets 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: Responsive team|Instant funding|Great customer service|Educational resources
Cons: Limited ETF selection
Customer support at Xpromarkets seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Multiple order types|Full transparency
Cons: Desktop app not available on Linux|Some tools only available on higher tiers
I lost a significant amount because Xpromarkets 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: No hidden fees|Transparent fees|Customizable dashboard|Multi-currency support
Cons: Minor UI glitches occasionally
Several red flags with Xpromarkets: (1) They promise unrealistically high returns, (2) They're not registered with Autorité des marchés financiers, (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.
Pros: Website looks legitimate on the surface
Cons: Flagged by Autorité des marchés financiers|Cannot verify credentials
The onboarding at Xpromarkets was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Copy trading available|Instant funding|Transparent fees|Detailed reporting
Cons: Desktop app not available on Linux|None so far