Xzors (xzors.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: xzors.com.
If you are reading this considering Xzors (xzors.com) - run. I wish I had read more negative reviews when my bank disappointed me and I searched for alternatives. I thought the positive ones were real. Maybe some are. My experience over for about eight months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: High security standards|Regular platform improvements|Detailed reporting
Cons: Mobile app could be improved|Wish they had more educational resources
I signed up with Xzors (xzors.com) after my brother mentioned them and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Social trading features|Regular updates|Easy to use platform|Real-time alerts
Cons: Withdrawal takes 1-2 business days|Could offer more webinars
The reporting at Xzors (xzors.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: High security standards|Transparent fees|Demo account available
Cons: None so far
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. Xzors (xzors.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Market news feed|Fast support response
Cons: Some tools only available on higher tiers|Onboarding videos are outdated