WikiFX

Sagot

Xtrade’s legitimacy comes into question because of its regulatory issues. In my personal opinion, the safety of a broker is one of the most important factors when I choose where to trade. While Xtrade platform is functional and accessible, the fact that ASIC revoked its license and CYSEC still hasn’t verified its status is concerning. From my perspective, this means there is a significant gap in investor protection, especially when I compare it to brokers with clear, verifiable regulation from top-tier authorities. Xtrade investment could be risky, and if I'm using it, I would proceed with caution. To me, when it comes to trading, I need full transparency and security, which I feel might be lacking with Xtrade at this point. I would also caution anyone who plans to use Xtrade broker to do extensive research, as its legitimacy remains under scrutiny. In my view, while it's not outright a scam, it's certainly not as secure as I would like it to be.