Trade XN Review – Shady Online Forex and CFD Broker

Is Trade Scam?

Trade XN claims it is a brand of XN Technologies Limited based in Seychelles. It also claims that it doesn’t need any licenses to conduct trading business. This is simply false, as Seychelles has a financial authority called FSA. The brokerage also claims to be present in Malaysia and Singapore, Myanmar, Japan. Chile, Australia, Chile, Australia, and Dubai.

We couldn’t find Trade XN regulation in the Financial Services Authority register. Similar results were obtained for Tier 1 databases such as ASIC, JFSA, and DFSA in the jurisdictions where Trade XN is alleged to have offices. Trade XN believes that it is above the law and does not need to follow any country’s monetary laws.

The brokerage house also offers leverage up to 1:400 and 1:500 depending on the section of the website that you are looking at. Retail traders in the UK and Europe can only leverage up to 1:30, while the US limit is closer to 1:150. Trade XN makes illicit offers to all destinations.

Don’t be afraid to share any information you may have about this website or its operators.

Where do Trade XN Scam Victims live?

Trade XN defrauded many, even though it is not yet on the regulatory radar. Trade XN mainly operates in the following:

• US
• UK
• Canada
• South Africa

According to GoDaddy WHOIS, the site was active since August 3, 2006. We doubt that this is when the brokerage house began onboarding residents. We believe that they bought a domain already set up and began running their scheme.

Trade the XN WebTrader Platform

Trade XN’s main page advertises that it is “designed for traders who want an edge in trading.” It also offers mobile apps and WebTrader depending on the availability.

We were unable register an account because it was pending approval. We are unable to provide any further information regarding the trading software or its quality. This browser-based platform is not comparable to third-party software like MT4, MT5 or cTrader.

We are unsure if there is an Android app or iOS app, and we don’t have any links.

What can I trade with a broker?

The following tradable assets are advertised by the company:

• Currency pairs – EUR/USD. GBP/NOK. AUD/SEK.
• Commodities – gold, silver and crude oil
• Indices – AU200, NIKKEI225, DAX30
• Cryptocurrencies – USDT, USDC, LTC

No mention is made of shares. We cannot verify the authenticity of this offer without access to the platform.

Trade XN Spreads and Fees

According to the FAQ, spreads start at 1.6 pip and there are no trading commissions. If true, this sounds pretty good. We don’t have platform access so we are unable to determine if this is a bait or legit offer.

Is Trade XN Demo Account Available?

We could not find any Live Trade XN account types. According to one company web page, there is no minimum deposit requirement. However, the FAQ stated that it is necessary to deposit $25.

Although the amount isn’t huge, it would be useful to have Trade XN Demo. You’d then be able review WebTrader to confirm the offer as well as the trading costs. Trade XN isn’t concerned about the well-being of their clients, but only about making as much money as they can.

What is a chargeback?

Chargebacks are a way for your bank to reclaim funds from the merchant. We recommend that you contact us immediately to initiate the process. In a free consultation, we will discuss how to get your money back immediately!

Trade XN: Video

Below you will find a short video about Trade XN. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Trade XN!