Xpoken Broker Review – Scam or Good Forex Broker?
Broker status | Unregulated Scam Broker |
Regulated by | Unlicensed Company / No Regulation |
Scammers Websites | Xpoken.com |
Blacklisted as a Scam by | N/A |
Owned by | Xpoken LTD |
Headquarters Country | Saint Vincent and the Grenadines |
Foundation year | 2020 |
Supported Platforms | XpTrade Platform / WebTrader |
Minimum Deposit | $250 |
Cryptocurrencies | Currency Pairs (Forex) / Commodities / Indices / Shares / Cryptocurrencies (Cryptos) |
Types of Assets | Yes (LTC / BTC / XRP) |
Maximum Leverage | 1:400 |
Free Demo Account | No |
What about Xpoken Regulations? Is the Broker Legal?
Xpoken LTD, Saint Vincent and Grenadines is the owner of the broker. This offshore country does not have a regulator for binary options and Forex firms. Therefore, Xpoken regulation must be done by Tier1 license providers.
We have found that this offshore fraud firm has no regulation after checking ASIC, FCA, BaFin and many other registers. Don’t fall for their schemes.
Problems with Withdrawals
Xpoken Forex is not regulated. It doesn’t need to follow any rules. Offshore firms hope to avoid being tracked down by regulators, and continue their illicit activities as long as possible.
Broker Xpoken, however, isn’t one of them. The company will take your money but will not allow you to withdraw. You will lose access to your trading account and it will be frozen.
Where is Xpoken Trading Scam Active?
It appears that the company operates mainly in:
- France
- Canada
- Germany
- Belgium
- Singapore
- United Kingdom
You could be defrauded if you accept any offer from Xpoken broker.
We can also assist you if you have already deposited money with a TradedWell or ACE FX scam broker.
Real Traders on Xpoken Fraud
Xpoken claims it is an EU-regulated company and makes this claim. Clients who have problems with their services are able to contact regulators and learn that they were dealing with a scheme company.
Since the company was founded to extort money and withdrawals are not possible, this is the main focus of every Xpoken review.
Xpoken Markets and Assets – What Can You Trade?
The broker’s website contains multiple statements, which leaves us confused as to the exact number. One side claims it has over 250 assets. The platform section says there are more than 10,000. The difference is not small.
Clients have access to five major markets, which is certain:
- Currency Pairs (Forex)
- Commodities
- Indices
- Shares like Tesla, Mircosoft and AstraZeneca.
- Cryptocurrencies (Cryptos)
Chargeback Is Your Solution!
A chargeback is the retroactive cancellation and refund of a charge made using your credit card, wire transfer or some other payment methods.
By putting together a compelling chargeback strategy from beginning to end, victims of online fraud have a relatively high probability of recovering some of all of their funds lost.
However, using a trustworthy service such as MyChargeBack is critical in this endeavour as a typical chargeback process can often be complex and drawn out without the right guidance.
Request a free consultation today by clicking the button below!
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!
Xpoken: Video
Below you will find a short video about Xpoken. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Xpoken!
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FAQ
- What is Xpoken?
Xpoken, an online Forex and CFD trading platform that is not licensed, is a fraud. Your funds are at risk with this broker!
- Is Xpoken A Scam Broker?
Xpoken is definitely a scam broker, as it operates from an unregulated offshore country.
- Is Xpoken regulated?
Xpoken does not provide illegal financial services and is therefore not regulated.
- Online Trading Scam: Where it All Begins
Brokers such as Xpoken are well-known for their extensive social media network, where they place fake ads all the time. False promises such as crypto software or overnight millions of dollars in profit could catch you. Your account manager will push you to make more investments and upgrade until you have nothing left.
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