Item: XPro Markets
Rating: 2.23

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XPro Markets -

Counterfeit Dealer

XPro Markets

South Africa

Entry Time 2022-03-31

2022-03-31Input

https://xpromarkets.com

Exposure

Time Machine

2024 years 5 Month

2024-5

Time2024 years 5 Month

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Exposure

12 pieces of exposure in total

Pyramid scheme complaint

Expose

Resolved

Fraud platform that unable to withdraw

Fraud platform with huge spread. After registering, a bunch of customer service calls will come and let the teacher guide you to trade. You cannot withdraw money after refusal. .

2022-04-13 17:40

Unable to Withdraw

Unable to withdraw funds

I wanted to withdraw money but was rejected. The reason for the rejection was that the balance was not enough, which is not true at all! This was the money that the app said could be safely withdrawn at the time, but when I tried to withdraw it, I was refused! It's all a scam! Will all the principal be eaten?? Am I not going to withdraw at all??

2023-09-28 00:41

Unable to Withdraw

I don't see my money that I invested

I invested 3,472.00 dollars at the beginning they let me withdraw 1,489.23 and then they told me no, if I withdrew more I would lose the money that was left. I had 3472.00 left but now my money is gone, only 248.24 left. They told me that if I didn't invest more I would lose the margin. A woman of Peruvian nationality calls you and tells you what to do. I made one last withdrawal but as you see in the image it was left uncompleted. They didn't let me withdraw

2023-12-06 12:14

Resolved

Investment cannot be withdrawn! Promised to ask other departments to deal with it, but the account was blocked

At first, I saw on the website that you can make a deposit of 250 US dollars for investment, and also arranged an online teacher for online guidance. At the beginning, there was a 50-dollar withdrawal, but then they were told that they could not deposit 3,000 US dollars. The attitude of the other teacher was not very friendly at first. On the one hand, I was also very worried about not getting the money back, so I still cooperated with the other party, but when I made an appointment for the next class, the other party did not call. I sent an email, and the other party said that they would tell the relevant units for assistance, but there was no news after that. I logged in again and found that my account was blocked! I have $750 of my hard-earned money that has never been returned! I have also reported the case, hoping that more people will not be fooled!

2022-06-20 17:37

Resolved

All principal has been lost and cannot be withdrawn

I invested excessively in addition to the money I had originally. It guarantees a certain profit. I invested because I needed a lot of money, but even the principal is lost now and it is impossible to withdraw. Originally, the principal was guaranteed.

2022-04-28 15:32

Unable to Withdraw

I don't see my money that I invested.

I invested 3472.00 dollars at the beginning they let me withdraw 1489.23 and then they told me no that if I withdrew VAT I would lose margin. I would have 3472.00 left when I went to withdraw. They started calling me not to withdraw it because I would have a loss. I made a process to withdraw from one moment to the next. The money was already there, according to them, they had lost it.

2024-02-01 00:23

Unable to Withdraw

I lost money

I lost my money with this platform. My name was a lady of Peruvian nationality who told me to invest a certain amount of 3,472.00. At first they let me withdraw money and then after a while they called me to say that I couldn't withdraw more because if I didn't lose the margin I would have to invest more. so as not to lose the margin. I don't know what to do, it was a lot of money, that's what I had, please, if you could help me, I invested that money with my partner.

2024-02-08 01:07

Scam

Fraud

Last November 2, a woman named Luna contacted me who claims to be a broker for the company and I agreed to invest with download said They say that later and they put me off and they don't even answer the phone. I already made a withdrawal request on the platform and no one gives me a solution after the second transfer. A few days later a person calls me saying that they scammed me and asking me for the investment details. account numbers and let her see the screen of my phone remotely, which I did not agree to give her any information and after that event is when they no longer give me an account of my money, they do not answer or messages, the numbers are still in the platform continues to reinvest but I don't have access to anything and I want to withdraw the money before they disappear since they don't give me a withdrawal solution. In a few words I asked to withdraw a certain amount and they hid from me.

2024-02-03 14:09

Scam

Does not allow withdrawal of funds

I made a withdrawal and until now they are lying to me that they will move me to another department. Ten days have passed and my money has not been returned. It is a scam. They insult you and discriminate. Do not fall for this scam. They ask for my bank details, I have sent them in more than 10 occasions.

2023-11-02 18:24

Scam

After i Invest 250 the broker Rised up to 400 wich i can ser in my balance account. Then he told me he got an Equity of 12400 and to see the money i had to pay 2400 of taxes. I try to withraw without success and he told me its Impossible. I tried to send an email to support@xpromarket.co.uk but dont exist. I tried to send an SMS but allways says to try later. I didn't pay but i Lost 250 and even more if i pay the 2400...

2023-04-19 04:54

Resolved

Fraud broker unable to withdraw any money from their wallet. Donot invest with xpromarkests.com. Get aware of this kind of fake business

Wrong place to invest our money. Withdrawal of money is not at all happening. I have done so many request for withdrawing money. But no response. They cheat by forcing to invest 1000 dollars and above. Do not believe them and be aware of this. Fake business. I strongly recommend not to do trade with Xpromarkets.com. Do not invest money with them. They totally cheat you. Waste of time investing here. Wrong place to invest our money. Withdrawal of money is not at all happening. I have done so many request for withdrawing money. But no response. They cheat by forcing to invest 1000 dollars and above. Do not believe them and be aware of this. Fake business. I strongly recommend not to do trade with Xpromarkets.com. Do not invest money with them. They totally cheat you. Waste of time investing here. 

2022-08-03 19:30

Unable to Withdraw

Cancellation of withdrawal without any reason

It all started on October 17, 2023 when after some talks about how to use the platform, the Broker "Lucas Monfort" who I consider a fictitious name, "guided" me with the process to work the platform and generate profits. After talking, he managed to persuade me that if I deposited a sum of 3000 dollars they would reward me with 2000 dollars, I entered 3740 dollars to operate and indeed the market increased exponentially and thus generated a sum of 7700 dollars. The next day, October 18, 2023, the person Lucas Monfort called me from different numbers every minute and wrote to me through the Telegram application, he told me that he would cancel the profits to continue investing and it was at that moment where I began to read people's experiences. that once worked they generated a profit of 7,700 dollars, at that precise moment I began to read several reviews from people who had lost all their money with them so I refused to agree to the cancellation. He called me every day to do it and I didn't do it. On Thursday they deposited 300 dollars with me in order for me to release my profits, however I did not do so either, it should be noted that since Tuesday, October 17, my accounts appeared with the withdrawal pending. What happened next was that yesterday, Monday, October 23, he told me that we would operate with a bonus that had been approved for me, I agreed to work that money and I thought that maybe this way they could get the profits from them and they would release my money faster, however, minutes later, my account was negative, I had a debt of -1200 dollars where they told me that I had to deposit an amount of 1200 from my cards to compensate for that loss. I didn't do it, so they sent me an email telling me that my account had been completed, I logged in and everything was at zero, and minutes later they sent me another email CANCELING MY WITHDRAWALS due to "Insufficient balance." I started sending emails to request my money, I sent an email to the Financial Sector Conduct Authority in South Africa, since they are the country's superintendent, complaining about the case, however I have not received any response. I am afraid of losing this money since it was from a credit card, when I did not have this money in account and just like that out of nowhere I lost everything. The Broker Lucas Monfort calls me and sends me messages to invest more to recover that "lost" money when that was easily a SCAM. These people are not professionals, they only care about stealing your money, the system says that it takes 3 days to deposit, however this is the example where we see that it is not true... I hope you can help me soon, I need to get my money back.

2023-10-25 11:25

XPro Markets · Company Summary

XPro Markets Review Summary
Founded	2019
Registered Country/Region	South Africa
Regulation	Exceeded
Market Instruments	forex, indices, commodities, shares, cryptocurrencies, and metals
Demo Account	Not Mentioned
Leverage	Up to 1:400
Spread	Starting from 0.9 pips
Trading Platform	XPro Markets Webtrader
Min Deposit	Not mentioned
Customer Support	support@xpromarkets.com
Customer Support	+27870948672, +27101573383

XPro Markets Information

XPro Markets is an online forex broker that provides access to multiple financial instruments for trading, including forex, indices, commodities, shares, cryptocurrencies, and metals. The company offers four different account types with variable spreads and leverage of up to 1:400 through the WebTrader.

Pros and Cons

Pros	Cons
Allows for zero-commission trade	Exceeded regulation
Offers two account types and a demo account	Do not support MT4/MT5
Offers multiple assets to trade	Limited information on deposits and withdrawals

Is XPro Markets Legit?

XPro Markets once had a Financial Service Corporate license regulated by the FSCA. But it has already exceeded.

Regulatory Status	Exceeded
Regulated by	South Africa
Licensed Institution	The Financial Sector Conduct Authority (FSCA)
Licensed Type	Financial Service Corporate
Licensed Number	32535

What Can I Trade on XPro Markets?

XPro Markets offers many tradeable assets, including forex, indices, commodities, shares, cryptocurrencies, and metals.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Metals	✔
Indices	✔
Cryptocurrency	✔
Shares	✔
Stock	❌

Account Type

XPro Markets offers five types of accounts: Classic, Silver, Gold, Platinum, and Vip, with different leverage and spreads. But the company does not offer demo accounts or Islamic accounts.

Feature	CLASSIC	SILVER	GOLD	PLATINUM	VIP
Instruments	All Assets	All Assets	All Assets	All Assets	All Assets
Swap Discount	❌	Available	Available	Available	Available
Margin Call	100%	100%	100%	100%	100%
Stop Out	20%	20%	20%	20%	20%
Minimum Volume Per Trade	0.01	0.01	0.01	0.01	0.01
Maximum Volume Per Trade	50	50	50	50	50
Negative Balance Protection	✔	✔	✔	✔	✔
Free Support	✔	✔	✔	✔	✔
Free Trading Education	✔	✔	✔	✔	✔

Leverage

XPro Markets offers a maximum leverage of 1:400 for all account types. When investing, notice that high leverage implies high returns, but also comes with high risks.

	CLASSIC	SILVER	GOLD	PLATINUM	VIP
FX	up to 1:400	up to 1:400	up to 1:400	up to 1:400	up to 1:400
Silver & Gold (Metals)	up to 1:200	up to 1:200	up to 1:200	up to 1:200	up to 1:200
Indices	up to 1:200	up to 1:200	up to 1:200	up to 1:200	up to 1:200
Commodities	up to 1:200	up to 1:200	up to 1:200	up to 1:200	up to 1:200
Stocks/Equities	up to 1:5	up to 1:5	up to 1:5	up to 1:5	up to 1:5

XPro Markets Fees

XPro Markets allows for zero-commission trade. Different accounts of XPro Markets offer different spreads. The EUR/USD spread starts from 0.9 pips for VIP account.

	CLASSIC	SILVER	GOLD	PLATINUM	VIP
EUR/USD	2.5	2.5	1.8	1.4	0.9
Gold	2.8	2.8	2.3	2	1.4
Crude Oil	2.8	2.8	2.3	2	1.4
Dax	$0.14	$0.14	$0.13	$0.12	$0.10

XPro Markets's swap fees are applied at the end of each trading day. Notably, triple fees are charged on Wednesdays, while no fees are applied over the weekend.

For example, for AUDCAD, where AUD is the base currency, holding a long position overnight incurs a swap fee of -59.02 AUD, while holding a short position incurs a fee of -58.22 AUD.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
XPro Markets Webtrader	✔	IOS and Android	Investors of all experience levels
MT4	❌	IOS and Android	Investors of all experience levels

News

ExposureWikiFX Review: Traders need to understand the current situation of XPro Markets

2023-01-28

XPro Markets is a South Africa-based broker. This broker claimed to offer clients a couple of financial instruments. It catches our attention because we recently received a complaint related to this broker. WikiFX has comprehensively reviewed XPro Markets from several perspectives.

WikiFX

2023-01-28

Exposure

ExposureXPro Markets Ignoring Withdrawal Requests

2022-08-08

Unable to withdraw one’s funds is by far the most worrisome situation that a forex trader could face. Therefore, it is crucial to spend time doing your due diligence before engaging with any forex broker. Use the free database and platform of WikiFX to verify your forex broker at ease.

WikiFX

2022-08-08

Exposure

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XPro Markets

Time Machine

Check whenever you want

Download App for complete information

Exposure

Fraud platform that unable to withdraw

Unable to withdraw funds

I don't see my money that I invested

Investment cannot be withdrawn! Promised to ask other departments to deal with it, but the account was blocked

All principal has been lost and cannot be withdrawn

I don't see my money that I invested.

I lost money

Fraud

Does not allow withdrawal of funds

Scam

Fraud broker unable to withdraw any money from their wallet. Donot invest with xpromarkests.com. Get aware of this kind of fake business

Cancellation of withdrawal without any reason

XPro Markets · Company Summary

XPro Markets Information

Pros and Cons

Is XPro Markets Legit?

What Can I Trade on XPro Markets?

Account Type

Leverage

XPro Markets Fees

Trading Platform

News

ExposureWikiFX Review: Traders need to understand the current situation of XPro Markets

ExposureXPro Markets Ignoring Withdrawal Requests