Score
Cyprus
|
10-15 years
| https://xspotwealth.com/en/
Website
Rating Index
Influence
C
Influence index NO.1
Greece 2.80
Single Core
1G
40G
1M*ADSL
CyprusA Visit to XSpot Wealth in Cyprus - Office Found
The survey team went to Limassol, Cyprus to visit forex broker XSpot Wealth as scheduled, and found the company at its regulatory address. This suggests that the broker does have a physical business office at the location. Meanwhile, investors are advised to make an informed decision following a comprehensive consideration.
CyprusA Visit to XSpot Wealth in Cyprus - Office Found
The survey team went to Limassol, Cyprus to visit forex broker XSpot Wealth as scheduled, and found the company at its regulatory address. This suggests that the broker does have a physical business office at the location. Meanwhile, investors are advised to make an informed decision following a comprehensive consideration.
Cyprus
xspotwealth.com France| XSpot Wealth Review Summary | |
| Founded | 2014 |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC |
| Services | Private Wealth Solutions |
| Customer Support | Phone: +357 25 571044 |
| Email: support@xspotwealth.com | |
| Address: 5 Spyrou Kyprianou Avenue, Mesa Geitonia, 4001, Limassol, Cyprus | |
XSpot Wealth is a company that focuses on providing users with private wealth solutions. It was registered in 2014, and it is regulated by CySEC in Cyprus.
| Pros | Cons |
| Regulated by CYSEC | Limited business scope |
| Clear fee structure |
| Regulatory Status | Regulated |
| Regulated by | Cyprus Securities and Exchange Commission (CYSEC) |
| Licensed Institution | XSpot Wealth (EU) Ltd |
| Licensed Type | Straight Through Processing (STP) |
| Licensed Number | 235/14 |
XSpot Wealth only focuses on providing users with private wealth solutions.
| Fee Type | Amount |
| Management | 1% |
| Performance | 0 |
| Custody | 0.2% |
| Entry | 0 |
| Corporate Actions / Reports | |
| Transaction | 0.2% |
| Exit | 0% |
| Total Ongoing | 1.2% |
| Total Fees Year 1 (Including Transaction Fee) | 1.4% |
In my experience as a trader, regulatory oversight is always one of my primary concerns when evaluating a broker. With XSpot Wealth, I can confirm that they are regulated by the Cyprus Securities and Exchange Commission (CySEC). Specifically, the company operates under the name XSpot Wealth (EU) Ltd, and holds an STP (Straight Through Processing) license—number 235/14. This CySEC regulation is an important baseline, as the regulator imposes certain standards related to client fund segregation and business practices. However, for me, the mere existence of regulation is not enough to establish full trust. I noticed that while XSpot Wealth is currently regulated in Cyprus, their UK (FCA) authorization for European representation (EEA) was revoked. Additionally, I pay close attention to the numerous user complaints about withdrawal issues, which introduces significant risk even under regulatory oversight. Ultimately, while CySEC regulation does provide some accountability and recourse, the presence of regulatory flags and past user experiences lead me to exercise caution and thoroughly review all withdrawal policies and client protections before considering any engagement with XSpot Wealth.
Drawing from my experience as a forex trader and after carefully examining the available data on XSpot Wealth, I am notably cautious regarding their fee structures. According to the details I found, XSpot Wealth presents a clear outline of its main fees—these include a 1% management fee, 0.2% custody fee, and a 0.2% transaction fee, with no stated entry or performance fees. However, I did not find explicit disclosure around deposit or withdrawal fees in the documentation provided. What raises concern for me is the overwhelming volume of user complaints about withdrawal difficulties. Many traders report being unable to access their funds, with some alleging requests for repeated additional deposits or supplementary fees at withdrawal attempts. While these reports alone do not prove the presence of undisclosed fees, they strongly suggest either problematic withdrawal processing or non-transparent cost structures that have left clients in the dark about the true costs involved. In summary, while XSpot Wealth appears to list its standard account fees openly, I have not found clear evidence of the absence of deposit or withdrawal fees. Combined with persistent withdrawal issues highlighted in user testimonials, I would approach this broker with heightened caution and would recommend direct, documented communication with their support before committing any funds or attempting withdrawals. Responsible due diligence is, in my view, absolutely essential here.
From my personal experience researching and testing brokers, I place great importance on understanding deposit and withdrawal methods before trusting any provider with my money. With XSpot Wealth, the information I gathered highlights a rather restricted approach: wire transfers are the only explicitly supported funding and withdrawal method. There is no official indication that credit cards, PayPal, Skrill, or cryptocurrencies are accepted. This limitation is significant for me, as I rely on flexibility for both convenience and risk minimization. Being tied to wire transfers alone can introduce extra delays and costs, and it tends to be less user-friendly than e-wallets or card solutions. In addition, I am deeply cautious in this case because according to multiple user accounts on the broker, withdrawals have been a major point of contention; many report long delays, excessive documentation requests, and even refusals to release funds. Given these red flags and my professional bias towards platforms with transparent, prompt payment solutions, I personally consider the lack of diversified deposit and withdrawal methods, combined with troubling client reports, a decisive drawback. For anyone managing substantial capital or seeking smooth financial operations, this is a detail that cannot be ignored. Proceeding with XSpot Wealth would demand above-average vigilance, thorough documentation, and a clear understanding of all related costs and timelines.
From my own experience researching XSpot Wealth, I can confirm that they do offer demo accounts, which I found especially valuable as a cautious first step. These demo accounts function much like lifeboats, giving traders a way to get familiar with the platform’s trading environment without risking real funds. However, I did not find specific, clear information about restrictions, such as time limits or limitations on functionality, directly stated in their documentation or user feedback. That said, while demo accounts are an industry norm for platforms regulated in reputable jurisdictions – and XSpot Wealth’s CySEC regulation lends a degree of credibility – my review of their user feedback uncovered some concerning patterns. While some traders appreciated access to demo accounts, there were multiple unresolved complaints about issues like withdrawals and customer support. These cautionary notes weigh heavily for me; demo accounts are helpful, but they don’t reflect the crucial aspects of live account risks, such as fund security or withdrawal reliability. In summary, based on my look into XSpot Wealth, a demo environment is available, but I strongly advise closely monitoring for any changes in policy, and conducting extra diligence before moving real money to a live account. For me, especially with this broker’s flagged risks, demo use remains strictly for testing, not as an endorsement of broader reliability.
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FX3517856271
Philippines
I OPENED AN ACCOUNT AND TRANSFER TO MY MANAGER WITH 15,000EUR BUT NEVER USED THE MONEY. ON THE 7TH OF DECEMBER OF 2019 I REQUESTED THE WITHDRAWAL OF THE TOTAL AMOUNT BUT NEVER GOT MY MONEY BACK. THE ORDER IS STILL PROCESSING. I SENT SEVERAL EMAILS AND SPOKE TO SEVERAL AGENTS AND STILL DON'T HAVE AN EXPLANATION. MY ACCOUNT NUMBER IS 21032693.
Exposure
启明星II
Hong Kong
Deliberately not withdraw the money, withdraw funds on April 9th,and you will not be accounted until April 12th, just to contact the customer service, pay the deposit, play routines, follow the book will not be accounted, fake platform,
Exposure
启明星II
Hong Kong
Now they tell me that the bank card number does not exist. Obviously there are bank card information in the account, they are lying. I hope that the relevant departments will crack down on such gangs so that more people will not be deceived.
Exposure
Yurona
United Kingdom
Set sail on the trading adventure with XSpot Wealth, protected by the safeguard of CYSEC regulation. The demo accounts were lifeboats in unpredictable seas. However, the wide-ranging fees on management, custody, and transactions felt like sudden tides. The limitation of wire transfers as the only support and no services for US clients created high waves. But the three investment plans made the journey adaptable to various trading styles. Unfortunately, the high minimum deposit thresholds can seem daunting. That said, the acceptance of many currencies did throw a lifeline. Despite the currents, XSpot Wealth offers an interesting trading odyssey.
Neutral
逐梦人
Singapore
XSpot Wealth's website looks great and professional, but I've seen a lot of people online saying they've been scammed out of money. This is really scary! I am grateful for victims who share their experiences, which allows us to avoid risks. Hope they can get their money back as soon as possible.
Positive
FX2681488600
United States
Everyone needs to recognize X Spot Markets as the liars they are and not be fooled! when consulting them, be sure to keep a record of transactions and conversations. Unable to withdraw initially like i was, customers have been urged to write to financialrecovery.tech for a refund. X Spot Markets let you profit, then let you lose money again and again and again, tormenting you by inch. And you will lose all the money in the end without noticing the scam.
Exposure
FX2681488600
United States
They make it impossible for you to withdraw by modifying your online details in the background and making it seem like you submitted the wrong information. They constantly asked for fees in order to unfreeze my account.X Spot Markets claimed zero risk but it was all lies from the onset.
Exposure
FX1191678833
Hong Kong
Unable to withdraw money, kept requesting deposit for various reasons, the first time I was told to accumulate my profits to 750,000 to be able to withdraw after doing that, they asked to make another deposit in order to withdraw, tech and got principal back early this month along with the profits made on the account. X Spot Markets stopped replying to emails and would have left me stranded if it were completely up to them.
Exposure
努力人生
Hong Kong
Unable to withdraw
Exposure
努力人生
Hong Kong
Unable to withdraw. Induce ue to deposit funds step by step.
Exposure
努力人生
Hong Kong
Can't withdraw funds. Serious fraud, still under supervision, all SCAM. This kind of broker should be closed
Exposure
FX3266846587
United States
They adopted a deceptive method that made me see their high profits, and then deceived me into depositing more money by claiming violation of rules, payment of margins or taxes, increased commissions at the time of settlement, On the X Spot Markets website, I have noticed a few times when there was a sudden abnormal phenomenon of sharp rise and fall curve that has caused serious slippage of their software.
Exposure
FX3266846587
United Arab Emirates
I was introduced by a friend to open an account and deposit an accumulated 48,500 U.S. dollars in order to make a trade transaction. They ran up and made a loss, and then made a lot of profit after that, then I asked to withdraw but I started noticing bulk of loss trades in my account. On the morning of October 11th, I could not open the platform account so I contacted them, they said that my account had violated the rules and they had to freeze my principal for 3 months. Now that three months have passed, the platform still didn’t give me any withdrawals on the grounds of the illegal account . X Spot Markets stopped replying their emails after some time and would have left me stranded.
Exposure
Alex゛
Hong Kong
I recommend that every victim should save their chatting history and call the police. Maybe we can’t recover our money but we can avoid more people being cheated!
Exposure
努力人生
Hong Kong
Unable to withdraw. The account that you transfer money to all personal accounts. Do not be cheated.
Exposure
Alex゛
Hong Kong
Wake up. This is a scam. You are unable to withdraw funds.
Exposure
Alex゛
Hong Kong
Unable to withdraw. Induce u to top up more
Exposure
努力人生
Hong Kong
Fake data.
Exposure
启明星II
Hong Kong
All the data is fake. You can't get your withdrawal at all.
Exposure
FX5369868602
Hong Kong
Do not top up! This is a scam
Exposure