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XPro Markets is a South Africa-based broker offering forex, commodities, indices and cryptocurrency trading. Having a license makes it nominally more trustworthy than many offshore brokers operating in Africa, Asia and the Caribbean. But unfavourable trading conditions and excessive fees leave it far behind the competition. XPro Markets has very few advantages that cannot compensate for the obvious disadvantages.

XPRO MARKETS REGULATION AND SAFETY OF FUNDS

XPro Markets is operated by Ukuchuma Financial Services (PTY) LTD, which is stated to be authorized and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa. A check of the regulator’s database confirms that this information is correct.

Ukuchuma Financial Services belongs to the same group of companies as IGM Forex Ltd, which manages the Cyprus-licensed broker IGMFX. Although the FSCA oversees the activities of brokers to ensure the safety of their clients, brokers in South Africa provide fewer benefits and guarantees to traders than their competitors in the European Union or the United Kingdom.

XPro Markets claims to offer negative balance protection, but In the EU and the UK brokers must also participate in guarantee schemes that cover a certain amount of the trader’s investment if the broker becomes insolvent. These guarantees amount to up to 20 000 EUR in the EU and 85 000 GBP in the UK. European brokers also have to maintain a significant net capital of EUR 730 000, which reduces the likelihood of bankruptcy.

Alternative brokers in South Africa
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XPRO MARKETS TRADING SOFTWARE

XPro Markets offers the industry’s most established trading software – MetaTrader 4 (MT4). In addition to desktop, the platform is also available in a web version as well as mobile apps. Here’s what the desktop version looks like with a Demo account:

Although it has been on the market since 2005, MT4 is still perfectly adequate for most brokers’ needs. This platform has established itself as industry standard because of the wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

However, its functionality is undeniably lagging behind more advanced platforms, including the newer MetaTrader 5 software version. Some brokers offer packages of software extensions that bring MT4’s capabilities closer to newer platforms, but XPro Markets is not one of them.

XPRO MARKETS TRADING CONDITIONS

The XPro Markets website describes four types of trading accounts – Classic, Silver, Gold and VIP. Here we encounter the first problem with this broker – it is not clear from the description of the accounts what the requirements are for upgrading to a higher package with more favorable terms. Such information is missing both on the website and in the Client Agreement.

Usually different accounts have different minimum deposits, but XPro Markets specifies one level for all – 250 EUR/USD. This is not a particularly competitive level – many leading brokers allow you to start trading with a minimum deposit of 100 USD or even less.

The indicated indicative spread of 2.5 pips for the benchmark currency pair EUR/USD is also too unfavourable. In the trading platform we saw an even higher level of over 3 pips. Only the VIP account theoretically offers a spread of 0.9-1.4 pips, which is comparable to the industry average. But as noted, it is not clear what the requirements are for creating a VIP account.

Looser regulations in South Africa allow XPro Markets to offer very high leverage – up to 1:400 for forex, 1:200 for indices and commodities, 1:5 for cryptocurrencies. For comparison, the European Securities and Markets Authority (ESMA) and accordingly all EU regulators limit leverage to 1:30 for major currency pairs, 1:20 for non-major pairs, gold and major indices, 1:10 for other commodities and non-major indices, and 1:2 for cryptocurrencies. High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders.

The South African registration allows XPro Markets to offer bonuses and promotions, which is also prohibited in more strictly regulated jurisdictions. We find reference to “Bonus Terms and Conditions” in the Client Agreement, but no such document can be found on the website. Nowhere are specific bonus and promotion programs mentioned or described.

XPRO MARKETS DEPOSIT/WITHDRAW METHODS AND FEES

XPro Markets allows deposit funds in two currencies, EUR and USD. Available deposit methods are credit card, wire transfer, and the Skrill, Neteller and WebMoney e-wallets.

According to the website the minimum withdrawal amount is 10 EUR/USD for credit cards and 100 EUR/USD for wire transfer. But the Customer Agreement specifies that the minimum for all withdrawals is 100 USD or equivalent. Only amounts not exceeding the deposited amount may be withdrawn by credit card or e-wallets. If the withdrawal exceeds this amount, the remaining amount will be transferred by bank transfer.

XPro Markets states that it does not charge deposit fees, but there are significant withdrawal fees:

Most leading brokers do not charge any transaction fees and even cover bank fees up to a certain amount.

But withdrawal fees are not the only additional cost that differentiates XPro Markets from most of its competitors. In the legal documentation we find a long list of fees. These include a monthly maintenance fee of 10 EUR/USD, and a monthly inactivity fee that starts at 80 EUR/USD after one month and reaches 1,000 EUR/USD after 12 months. On top of that, if the customer wants to reactivate his account after 12 months of inactivity, he has to pay a 2000 EUR/USD fee. These amounts are outrageous and more reminiscent of the schemes of financial fraudsters than the practices of legitimate brokers.

And that’s not all – if the customer asks for a chargeback, XPro Markets reserves the right to charge him a “research fee” of 150 USD or close his account.

BOTTOM LINE

Despite being a licensed broker, XPro Markets is very questionable. The only theoretical advantage of this brokerage is that it offers risk-prone traders to use high leverage. But the extremely unfavorable trading conditions completely negate this.

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65 Comments

  1. XProMarkets is a scam company ,they have fake MT4 system i lost my all money at this platform,they are playing wt the market they ll make you lose your money so they can gain profit by your loss , first they look kind and they ll ask u to put more money then they ll block your account or make you losing , they are banch of scammers dont invest your money wt them ,keep your money safe.

    1. Hi i already invest 250$ ,please i need help how i can get back my money???

      1. I believe you need to make sure that all your documentation is right with them and after that you can make withdrawal.

      2. Same to same issue with me, if you got please help me

    2. I am a victim of xpromarket also.
      I want we have to do something to find our money.

      Please send me a email.

    3. Why there are so many people lost their in xpromarket?

      Because they can make money when You deposit money in xpromarket account.

      You can not withdraw your money in one day.
      It will take so many days after you ask withdraw your money

      They ask you more money and more money to make a profit.

      But they can not make a profit…

      They are going to lose all your money in a few days.

      after you lose your money, you realize they are fraud and scam….

      Be sure to never send your money to them…

      1. They have done same with me. They asked me to deposit more and more money and because of their misleading assistance by one of their marketing managers I lost my all money. earlier they were calling each and every day to deposit more and more money but when because of them I lost my all money they didn’t even call for once. They are seriously doing some some kind of scam.

    4. We have the same experienced with this company Micro.I lost all my hard earned money of 500 USD early this this very year with this Scam company in XproMarkets!.They got lots of thricks and that,just to trap and victimize you.

    5. This company is definitely a scam. I invested $250 with them. then they started to call me evry day and wanted me to invest more. Also got a shower of emails. I got fed up and asked to get my money back. First online they started a process on their website where I was asked to deposit $1000!!
      I then sent an email where i just asked that the money was refunded the card I had used originally. I then got a phone call to help me with the refund on the computer. But what they wanted was that they basicly took control over my computer and wanted me to open my bank account for them, because they had to return money to my bank account, not to my card! Who wants to open his bank account to somebody who can control your computer remotely!??. Not able to refund card! SCAM SCAM SCAM!

    6. How they will make profit on your lost? They get money by $10/month on site fee, 3.5% on your withdrawal or if you leave your account inactive… If you lost your money in the market, the money goes in the market, right?

    7. Whoa im safe i registered them today and have not any investment am i still safe?

  2. All the good reviews about them are fake, they make it so you trust them it’s very clear, they made me lose my all money. They are not calling from London, please don’t invest with them, they ask you for more money evey time they call you, until they trade your all money, and the next day you’ll find 0 balance.

    1. I am a victim of xpromarket also.
      I want we have to do something to find our money.

    2. Dear Mattia,

      We are sorry to hear that your experience with XPro Markets has not met your expectations. At XPro Markets, we pride ourselves on our high level of service and commitment to you and your investments. Our goal is to help you increase your knowledge and keep you up to date with all the latest market events that might be of benefit to you. Additionally, we aim to enhance the relationship between us and our clients to its fullest extent, always with the best interests of our clients in mind.

      Unfortunately, we could not investigate your case as you have not provided your trading account name. Please contact us directly through email ([email protected]) or our social media channels, letting us know of your customer ID so we can assist you immediately.

      XPro Markets

      1. I contacted you by your mentioned email. I have not started investing. But I have paid $250 in the wallet. Please, refund the amount and close my account. If you do not refund the amount I have to expose everything whatever happened with me in an international News Channel.

  3. Raghavendra Kamath

    Learnt from Google Matinee idol Amitabh is endorsing trading with these fraudsters? strange

    1. Dear Raghavendra,

      We are truly sorry to see that you did not have the best experience with XPro Markets. It’s our goal to make sure that every customer receives the best possible service. With that said, we would like to emphasize the fact that Forex trading is highly risky, and profits or losses are nearly unlimited in this market. Therefore, it is extremely important to keep abreast of changes in the market and understand the different mechanisms of trading.

      Please note that we are currently investigating the matter and we will get back to you the soonest.

      XPro Markets

  4. It’s true, they lie, they cheat and when you realize they make you lose all your money, don’t trust this company, they should be arrested, not to deceive people anymore.
    ————————
    É verdade, eles mentem, enganam e quando você perceber eles fazem você perder todo o seu dinheiro, não confie nessa empresa, eles deveriam ser presos, para não enganar mais as pessoas.

    1. Dear Mari,

      We are sorry to hear that your experience with XPro Markets has not met your expectations. At XPro Markets, we pride ourselves on our high level of service and commitment to you and your investments. Our goal is to help you increase your knowledge and keep you up to date with all the latest market events that might be of benefit to you. Additionally, we aim to enhance the relationship between us and our clients to its fullest extent, always with the best interests of our clients in mind.

      Unfortunately, we could not investigate your case as you have not provided your trading account name. Please contact us directly through email ([email protected]) or our social media channels, letting us know of your customer ID so we can assist you immediately.

      XPro Markets

  5. Ravi Shankar kumar

    Yes I this company total fraud .it used to cheat funds from international clients in the name of famous people. In this company all employees belongs to Muslim religion .I guess they used cheated funds in terrorism and their survival.I also lost $10236 USD .then I claim then they give me bond agreement to pay 2200 USD only after agreement they not pay agreemened amount I.e 2200 $.

    1. Hello Mr Ravi, i am one of it.

      Could u pls kindly email me to further communication.

    2. 합의금을 더 내놓으라고 주장하세요.
      10236$전부를 되찾을 때까지,
      xpromarket에 대한 모든 방법을 동원하셔서,
      당신의 귀중한 돈을 되찾으시길 바랍니다.

      신의 은총이 당신과 함께 하시길~~~
      ————————–
      Ask for more settlement money.
      Until you get all $10236 back,
      By all means for xpromarket,
      Hope you get your precious money back.

      May God’s grace be with you~~~

    3. Hello Mr Ravi,

      I have also been duped by this scam arrangement. Could you please share your contact so that we can devise some strategy to counter this legally ?

      Prasad Bhinge

      1. I want that company to be sanctioned and arrested by the authority and for closure.I got two account managers right their,but they got one common voice,and
        all their zooms for me to use got invalid meeting IDs,meaning its all blap and fakes.

        1. very sad and frightening, hope it will not come true for me.

      2. Hello did you got your money back?
        even i am latest victim of xpromarkets
        I lost 12,500 US dollars

        I am from India Bangalore

  6. Biggest scam, they coarse you to deposit more money. They make you have a few wins with no withdrawal. Then after that Boom you loose all the money…..all of it. And that’s how they con people thousands of dollars.

  7. They ask you more money and more money to get profit.

    Silver(30,000$), Vip(50,000$)
    After you lose that money, then you realize this is scam and fraud.

    Broker and Company donot lose their money, but they make money from your money.

    They are intelligent and electronic scam.

    Donot waste your time and your money in xpromarket.

    They are kind all the times but they will be angry if you reject to put more money in your account.
    They call you everyday and open very high risk items.
    You cannot withdraw your money because of opened items.

    Be sure you can lose all your money.
    When you lose all money, they do not call any money.

    1. We the same experience xpro m.,they call you everyday asking for additional funding.
      The ‘Evil Company’,that is the XproMarkets,they are the Legion of Fraudsters rigth there.

  8. Do not ever be allured by their traps , i have most recent experience that my trading account 70107791 where i have invested 3750 USD but the entire amount got forfeited by the customer Manager Ali R &company. They will build up your confidence by sharing some positive results that account balance is increasing & also provide some insight on stock at the cost of investing more money but ultimately forfeit your money entirely by telling that due to market.

  9. Avijit is extremely right because I hv too trapped in and now my 3500 dollars are at stake it’s a matter of very recent.So nobody should invest with them they are totally fraud

    1. Dear Customer,

      We are truly sorry to see that you did not have the best experience with XPro Markets. It’s our goal to make sure that every customer receives the best possible service. With that said, we would like to emphasize the fact that Forex trading is highly risky, and profits or losses are nearly unlimited in this market. Therefore, it is extremely important to keep abreast of changes in the market and understand the different mechanisms of trading.

      Unfortunately, we could not investigate your case as you have not provided your trading account name. Please contact us directly through email ([email protected]) or our social media channels, letting us know of your customer ID so we can assist you immediately.

      XPro Markets

  10. This company are scammers! Beware!!!!

    1. Dear Grace,

      We are sorry to see that you did not have the best experience with XPro Markets. Unfortunately, we could not investigate your case as you have not provided your trading account name. Please contact us directly through email ([email protected]) or our social media channels, letting us know of your customer ID so we can assist you immediately.

      XPro Markets

  11. Xpromarkets is a scam company. They post fake stories and attract customers. Once you open a trading account they will force you to increase your investment. They will advice all stocks and volume to be purchased. After few weeks your money will be wiped for 50% commission and remaining as trade lost. I lost few thousand dollars within one month. It’s a scam company. Pls don’t believe in this company. Otherwise your money will be siponed.

  12. Dear Customer,

    We are truly sorry to see that you did not have the best experience with XPro Markets. It’s our goal to make sure that every customer receives the best possible service. With that said, we would like to emphasize the fact that Forex trading is highly risky, and profits or losses are nearly unlimited in this market. Therefore, it is extremely important to keep abreast of changes in the market and understand the different mechanisms of trading.

    Unfortunately, we could not investigate your case as you have not provided your trading account name. Please contact us directly through email ([email protected]) or our social media channels, letting us know of your customer ID so we can assist you immediately.

    XPro Markets

    1. You SHUT UP XproMarkets!,You Sons & Daugthers of the Demon!!

  13. I just signed up on the website and received a call after a few minutes. The caller was forcing me to make a deposit. For me, this is a red flag. I will not proceed with this company based on this and the previous reviews posted here. Thank you all for letting me know they’re a scam company.

  14. They are are cheat. Never get trapped into investing with them. They just lure you into investing more and more until you get bankrupt. Moreover, they keep on calling you from different numbers, even of your country code, disturbing your work and family life. Total waste of time and your life long savings.

  15. Why don’t we take them all together. Do let me know if any legal firm can help us. Few website positive reviews are given.

    We need to stop this way of investing no clue how it works once you get profit they don’t recommend or allow to withdraw.

  16. clearly, this company is a fraud and must be taken down and prosecuted to the fullest extent of the law for their evil, I too was a victim of their electronic scam. they still call me every day from strange phone numbers. I figured it a good while now, they mus be stopped.

  17. Compte 70107779
    J’ai ouvert un compte auprès de XPro Markets après avoir lu une publicité sur Facebook. Après un 1er versement de EUR 500.00, on m’a convaincu d’investir plus d’argent pour générer des profits. Parallèlement, un agent signant comme “Directeur de comptes principal” m’a conseillé pour faire des opérations sur le Forex et les matières premières. J’ai rapidement constaté que toutes les opérations étaient déficitaires. L’agent de XPro Markets m’a dit qu’il mettait un crédit à ma disposition et que je devais investir plus pour faire des profits. En tout, j’ai investi EUR 20’279.00 que je suis en train de perdre intégralement. Ils vous font croire que le montant du profit en négatif est normal et qu’il va se transformer en positif, ce qui évidemment ne se produit pas. Contrairement à leur publicité, il n’y a aucune protection contre les pertes. Pas d’utilisation du Stop loss. En réponse à mes inquiétudes, c’est toujours la même stratégie : mettre plus d’argent pour profiter d’opportunité. J’ai donc fait un dernier virement de EUR 10’000.00 et j’ai appris que ce n’était que pour consolider mon compte qui allait être bloqué ! Et je reçois toujours des téléphones me demandant encore plus d’argent. Autre mésaventure : J’avais fait un virement de EUR 17’500.00 selon leurs instructions. L’argent n’est jamais arrivé sur leur compte, mais heureusement, ma banque a réclamé et obtenu le retour. ATTENTION : il y a des plateformes sérieuses et qui respectent les objectifs fixées au départ. Ce n’est clairement pas le cas de XPro Markets avec qui j’avais convenu des investissements faibles et des profits à court terme.

  18. Account 70107779
    I opened an account with XPro Markets after reading an ad on Facebook. After a first payment of EUR 500.00, I was convinced to invest more money to generate profits. At the same time, an agent signing as “Senior Account Manager” advised me to trade in Forex and commodities. I quickly noticed that all the transactions were in deficit. The XPro Markets agent told me that he put a credit at my disposal and that I had to invest more to make a profit. In all, I have invested EUR 20’279.00 which I am losing entirely. They make you believe that the amount of profit in negative is normal and that it will turn into positive, which obviously does not happen. Unlike their advertising, there is no protection against losses. No use of Stop loss. In response to my concerns, it’s always the same strategy: put more money to take advantage of opportunities. So I made a last transfer of EUR 10’000.00 and I learned that it was only to consolidate my account that was going to be blocked! And I always get phones asking me for more money. Another misfortune: I had made a transfer of EUR 17’500.00 according to their instructions. The money never came into their account, but fortunately, my bank claimed and got the return. ATTENTION: there are serious platforms that meet the objectives set at the outset. This is clearly not the case with XPro Markets with whom I had agreed on low investment and short-term profits.

    1. I testify of my experience of trading xpromarket over the past few months.
      and further requests the FSCA to investigate:

      . It is not possible to verify that the company’s claimed 1:400 leverage is being applied in actual trading. It is also questionable whether this company’s trading system is being traded in the real market.

      From the moment you trade with this company, the company’s account managers force you to increase your investments every day via phone and screen sharing.
      If you don’t increase your investment, you can’t maintain the 400% margin rate and threaten that your investment is at risk.
      Investors have no choice but to continuously increase their investment to Silver, Gold, and VIP tiers.

      They are friendly and sometimes friendly.
      , Until you lose all the money you invested, until you lose all your precious money, but if you don’t deposit more, if you ask for a withdrawal, you get angry with the investor and interfere with the withdrawal. They leave risky stocks unmanaged, forcing investors to continually increase their investments until they lose all their money. The company eventually takes all the money from the investors when the investors eventually can no longer raise their investments. I can’t trust their trading system. The moment you use their trading system,

      The investor’s investment is no longer the investor’s.

      Company employee who is a self-proclaimed investment expert and accountant
      They cheat and intimidate investors countless times.
      to take their money.

      Investors only find out they’ve been scammed after losing all their money. FSCA must investigate companies for:

      1. Investigate if the company actually applies the 1:400 leverage as they claim.

      2. Investigate whether this company’s trading system is being traded on the real market.

      3. Investigate whether it is illegal for this company to induce investors to invest infinitely under the pretext of maintaining 400% margin.

      4. Investigate whether it is illegal for employees of this company to inform investors of stock selection, stock quantity, stock trading price, etc. through phone calls, screen sharing, etc., and to interfere with investors’ direct trading.

      5. Real-time transfer is possible when attracting investment, but in the case of withdrawal, please check whether the process of depositing money into the customer’s account after 10 days, including the approval period (2-3 days) and processing period, does not interfere with the withdrawal. Investigate.

      6, Isn’t it illegal for all account managers (brokers), including company representatives, to hide their identities and operate clients’ investments in their own way? Please investigate.

      7. It is illegal to lure investors with hype that this company can make a lot of money with leverage through YouTube, etc.
      investigate whether It is getting back the lost money and preventing the investor from getting the rest of the money back, such as drafting the contract.

      Some countries have already classified this company as a risky company.
      and warns citizens not to invest.

      Even on their website, the company itself warns investors that investing in them can lead to the loss of a lot of money in a very short time.

      keep running this company
      If you let it go, you will lose valuable money later for many people.

      The company’s trading system is more risky for investors than gambling.

      We sincerely hope that no additional victims will occur through a thorough investigation.

      ——————–

      본인은 지난 몇 개월 동안 xpromarket을 거래한 경험을 증언
      하고 FSCA에 다음 사항을 조사할 것을 추가로 요청합니다

      . 회사의 주장인 1:400 레버리지가 실제 거래에 적용되고 있는지 확인할 수 없습니다. 또한 이 회사의 거래 시스템이 실제 시장에서 거래되고 있는지도 의문이다.

      이 회사와 거래하는 순간부터 회사의 계정 관리자는 전화 및 화면 공유를 통해 매일 투자를 늘리도록 강요합니다.
      투자를 늘리지 않으면 400%의 마진율을 유지할 수 없고 투자가 위험에 처해 있다고 위협하여
      투자자는 지속적으로 실버, 골드, VIP 등급으로 투자를 늘릴 수밖에 없습니다.

      그들은 친절하고 때로는 친절합니다.
      , 투자한 돈을 다 잃을 때까지, 소중한 돈을 다 잃을 때까지, 그런데 더 입금하지 않으면 출금을 요구하면 투자자에게 화를 내며 출금을 방해한다. 그들은 위험한 주식을 관리되지 않은 상태로 남겨두고 투자자가 모든 돈을 잃을 때까지 지속적으로 투자를 늘리도록 강요합니다. 투자자가 결국 더 이상 투자를 늘릴 수 없을 때 회사는 결국 투자자로부터 모든 돈을 가져갑니다. 나는 그들의 거래 시스템을 믿을 수 없다. 그들의 트레이딩 시스템을 사용하는 순간,

      투자자의 투자는 더 이상 투자자의 것이 아닙니다.

      자칭 투자 전문가이자 회계 담당자인 회사 직원
      들은 투자자들을 수없이 속이고 협박 합니다.
      그들의 돈을 가져가기 위해.

      투자자 들은 돈을 모두 잃은 후에야 사기를 당했다는 사실을 알게 됩니다 . FSCA는 다음에 대해 회사를 조사해야 합니다.

      1. 회사가 주장하는 대로 1:400 레버리지를 실제로 적용하는지 조사하십시오.

      2. 이 회사의 거래 시스템이 실제 시장에서 거래되고 있는지 조사합니다.

      3. 이 회사가 400%의 마진을 유지한다는 명목으로 투자자들의 무한 투자를 유도하는 것이 불법인지 조사합니다.

      4. 이 회사의 직원이 전화, 화면 공유 등을 통해 투자자에게 주식선택, 주식수량, 주식거래가격 등을 알리고 투자자의 직접 매매를 방해하는 행위가 위법 여부를 조사한다.

      5. 투자유치 시 실시간 이체가 가능하나, 출금의 경우 승인기간(2~3일) 및 처리기간을 포함하여 10일 이후 고객계좌에 입금되는 과정이 출금에 지장이 없는지 확인부탁드립니다. 조사하다.

      6, 회사 대표를 포함한 모든 계정 관리자(브로커)가 자신의 신분을 숨기고 고객의 투자를 자신의 방식으로 운영하는 것은 불법이 아닙니까? 조사해 주십시오.

      7. 유튜브 등을 통해 이 회사가 레버리지로 큰 돈을 벌 수 있다는 과대광고로 투자자를 유인하는 행위가 위법
      여부를 조사한다. 계약서를 작성하는 등 잃어버린 돈을 되찾고 투자자가 나머지 돈을 되찾지 못하도록 막고 있습니다.

      일부 국가에서는 이미 이 회사를 위험한 회사로 분류
      하고 시민들에게 투자하지 말라고 경고하고 있습니다.

      그들의 웹 사이트에서도 회사 자체는 투자자들에게 그들에 대한 투자는 매우 짧은 시간에 많은 돈을 잃을 수 있다고 경고합니다.

      이 회사를 계속 운영하게
      놔두면 나중에 많은 사람들에게 귀중한 돈을 잃게 될 것입니다.

      회사의 거래 시스템은 도박보다 투자자에게 더 위험합니다.

      철저한 조사를 통해 추가 피해자가 발생하지 않기를 간절히 바랍니다.

  19. Thanks to all of you. I am safe after going through your comments

    1. The XPro Market run by UKUCHUMA FINANCIAL SERVICES (PTY) LTD is clearly a fraudster. They trap you and extract all your money. Once you transfer any amount, they’ll ask you to transfer more to take advantage of an opportunity. When you want to withdraw the amount they’ll say you have lost all your money in the trading which they claimed before is safe and low-risk. Please do not fall prey to their false promises and fake stories.

  20. Merci à tous

  21. No even single person say he got profit all of them are being got lost what kind of this company, its scam

  22. I did 250USD deposit – Within a hour I realized they are a fraud company. So I blocked my CARD immediately. Is there anyway we can get the deposit money. i sent an email to [email protected] , but no response

  23. I have loosed 4500$ my hard earned money in just 10 days by the time i know its fraud I closed all my open positions and left with the 555$ at least I am requesting them to refund what is there in my wallet they are not processing it either not getting replay also.

    @Xpro – requesting you again please refund my money

  24. Classic Account Number MT4 70108971
    I had a terrible experience with this broker. Over just 28 days 24 June to 21 July l was encouraged by My manager Alexsy to increase my investment from 250 dollars to 7500 then to 15000 dollars to 24000 dollars and made 14000 dollars floating profit by literally not sleeping for those 28 days but lost all 380000 dollars at the end of the day!!! All of this investment was without ever mentioning availability of trainings, e-courses, demo accounts to guide me even though l made it clear l was new to trading!! Even worse he was hardly available during the day and never after 4pm. Their helplines were never available at any time l tried to call them. All he was interested in was for me to invest more and more money so that they can make a profit and l foolishly went along in m
    order to recover my investment of 7500 dollars after not being unable to meet a margin call not because l had no money but because their website did not accept my deposits!! Yet their company went ahead to close my trades and make me lose my money which they then attributed to the market !! However, they claim to offer 24 hour customer care assistance!! They have a pattern of encouraging highly risky trades, no use of stop loss, not asking clients to cut their losses, rather allowing SWAP to accumulate, triple swap on Wednesdays (incidentally never mentioned to me before hand). It is now abundantly clear to me that their aim is to make a profit and what happens to the client is none of their business. At the time l lost the rest of the money in my account on the 21st of July 2022, the majority of the trades of almost 30 thousand dollars trades l had at the time of the last margin call were composed of swap and trades initiated on his advice!!
    They may claim that there are disclaimers on the agreement l signed but it does not reduce their duty of care to do the best for me as their client. They definitely from the above did not do this!!
    This company being registered in South Africa where client investment losses are borne entirely by clients unlike Western countries where brokers bear some of any losses from trades made by a client managed by them could not care less about what happened to me. In the last 10 days no one has called me or sent an email to me since l began asking for my money back. No wonder South Africa is in danger of being graylisted by the Financial action task force if they allow brokers behave like this (see Financial times September 4th 2022) Please never put your money in their hands. You will just be relieved of it without mercy. I have lost my entire savings over the years.

    1. To whom it may concern on this site I Dr Olumorin olumide wish to confirm that on the basis of satisfactory dispute resolution between me and the company I withdraw the previous post and state that the company and I are back to normal business relationship.

    2. Mr Aleksey contacted me again yesterday as he has been doing weekly for the last 2 months and is helping out with all the issues l previously raised including Market strategies. Am really impressed by this.

  25. Not surprising hearing about your case.But what is the way out.

    Account manager like Irfan Haider, Ali, their team leaders should be accounted for giving wrong information on commodities and currencies.

    This firm is not client friendly swaps are ridiculous high and they mention play at your own risk and this is financial markets they are up and down loaded with reasons

    We all need to act and get them fined for what they have done.

  26. Scam scam scam all I can say

  27. JESSE LEGASPI VEGO

    I transacted with XPro. I kept on asking why people I talked with have no family names but yet I put my trust on depositing last Sept 29 after enrolling on September 22, 2022 for an initial deposit of $250. I was wondering, when I agreed to a transaction of $1000 last Sept. 29, the adviser kept on asking me to tick the forms. On October 1, per daily update from Ukuchuma Financial Services (Pty) Ltd I have noticed that I actually deposited $4,250. I would like to withdraw $3000 of this immediately. Please act soonest. I felt like I was tricked.

    1. Regarding my query My Account ID is 701194217 (Jesse Vego)

  28. Dear Jesse,

    We are sorry to see that you didn’t have the best experience with XPro Markets. It’s our goal to make sure that every customer receives the best possible service! You can rest assured that we are currently looking into this, and we will contact you the soonest as possible.

    XPro Markets

  29. All comments I have read are completely true and relate to what I went through. I lost my job because of covid. Wanted to make enough money to survive off,so I invested my savings to do so. Then after about ten days of trading they stole all of my money so now I am in a worse situation than I ever was. It has really affected me financially and emotionally. I hope one day they will pay for what they have done to many people.

  30. Dear JC,

    We are sorry to see that you did not have the best experience with XPro Markets.
    Unfortunately, we could not investigate your case as you have not provided your trading account name. Please contact us directly through email ([email protected]) or our social media channels, letting us know of your customer ID so we can assist you immediately.

    XPro Markets

    1. These scammers always give the same answer.
      They don’t even know how to answer properly.
      I’m only thinking of cheating with the pretext of investing.
      In addition, hiring lawyers
      They even threaten investors.
      Criminals are very intelligent, adept at extortion, fraud, and intimidation under the guise of legitimacy.

      The police and Interpol of each country must wipe out these numbs.
      ——————
      이 사기꾼 놈들은 항상 똑같은 답변만 합니다.
      저 넘들은 답변도 제대로 할 줄 모릅니다.
      오로지 투자를 빌미로 사기칠 생각뿐입니다.
      게다가 변호사들까지 고용하여,
      투자자들을 협박까지 합니다.
      아주 지능적이고, 합법을 가장한 공갈 사기 협박에 능한 범죄자들입니다.

      각국의 경찰과 인터폴은 이넘들을 소탕하여야 합니다.

  31. Xpormarket is an intelligent online investment scam company.
    They even hire legal teams to intimidate investors.
    There are three main things an investor who has lost his investment can do.

    First, it is to post a comment about xpromarket’s investment fraud on the internet investment bulletin board.
    This method will prevent other investors from being invested in this company.
    If there are no more victims in this company,
    They will close the company.

    Second, those who have been subjected to investment fraud should report it to their country’s police,
    Make sure these sites are no longer scamming in your country.
    Blocking access to these sites in your country has the effect of limiting their scope of activity.

    Thirdly, the company’s supervisory authority must report the company’s problems and fraud to the FSCA.
    It is questionable whether FSCA has oversight of this company as it has not yet taken any action against it.

    If you try in these three ways, the parent company of xpromarket
    An offer to settle may also come from [email protected].

    If such an offer of settlement comes,
    We will not settle the entire lost amount.
    However, please write an agreement with an appropriate amount first,
    If the settlement money is returned to your bank account,
    We advise you to work with the police in your efforts to find the rest.

    Hiring a law firm is also said to be a way to recover the defrauded principal through legal proceedings.
    ———————-
    Xpormarket은 지능적인 온라인 투자 사기 회사입니다.
    그들은 법률팀까지 고용하여 투자자들에게 위협을 가합니다.
    투자금을 잃은 투자자가 할 수 있는 일은 크게 세가지가 있습니다.

    첫번째, 인터넷 투자게시판에 xpromarket 의 투자사기에 대하여 댓글을 올리는 것입니다.
    이 방법은 다른 투자자가 이 회사에게 투자를 당하지 않도록 할 것입니다.
    이회사에 더이상 당하는 사람이 없다면,
    이들은 회사 문을 닫게 될 것입니다.

    두번째, 투자 사기를 당한 사람은 자국의 경찰에 신고하여,
    이들 사이트가 해당 국가에서 더이상 사기를 칠 수 없도록 하여야 합니다.
    해당 국가에서 이들 사이트 접근을 막는다면 이들의 활동 영역을 제한하는 효과가 있습니다.

    세번째, 이 회사의 감독관청이 FSCA에 이 회사의 문제점과 사기행각을 고발하여야 합니다.
    FSCA가 이 회사에 대하여 아직까지 아무런 조치도 하지 않는 것으로 보아 이 회사에 대한 감독을 하고 있는 것인지 의심스럽습니다.

    이러한 세가지 방법으로 노력하다 보면, xpromarket 의 상위회사인
    [email protected]로부터 합의를 하자는 제안이 올 수도 있습니다.

    만약 그러한 합의 제안이 온다면,
    잃어버린 금액 전부를 합의해 주지는 않을 것입니다.
    그래도 적정한 금액으로 일단은 합의서 작성을 해주시고,
    합의금이 본인의 통장에 반환이 되었다면,
    나머지를 찾는 노력을 경찰과 함께 하는것을 조언합니다.

    법률 회사를 고용하여, 법적인 절차로 사기당한 원금을 찾을 수 있는 방법도 있다고 합니다.

  32. I am latest victim of xpromarkets.com
    They kept calling me till i invested US dollar 12500 and they were pushing for more
    They say your margin level is les than 100. if you dont pay more, you will lose all your money, so we are forced to invest more until one day you see all money gone from portal

    This is a fake and manipulated portal they. clone. MT4 trading app also not working on mobile. cant login.
    They are 100% scam and ambushing innocent victims by assuring them high returns

    How can we all get together to get them arrested and recover our hard earned money

    @South Africa, Please take action ASAP

    1. Xpormarket is an intelligent online investment scam company.
      They even hire legal teams to intimidate investors.
      Investors who have lost their investments can do three things.

      First, it is to post comments about Xpromarket’s investment fraud on the internet investment bulletin board.
      This method prevents other investors from investing in this company.
      If there are no more victims in this company, the company
      will close

      Second, a person who has been subjected to investment fraud must report it to the police of the country concerned.
      You should. Don’t let these sites scam you in your country anymore.
      Blocking access to these sites in your country has the effect of limiting the scope of your activities.

      Third, the company’s supervisory authority must report company problems and fraud to the FSCA.
      It is questionable whether FSCA is overseeing this company as it has yet to take any action against it.

      If you try these three ways, xpromarket’s parent company, [email protected]
      Suggestions for solutions may come from .

      If such an offer of settlement is made,
      We will not settle the entire loss amount.
      However, first write a contract with an appropriate amount,
      If the settlement money is returned to the bank account,
      We recommend that you cooperate with the police to find the rest.

      Hiring a law firm is also said to be a way to recover the defrauded ledger through legal procedures.
      —————–
      Xpormarket은 지능형 온라인 투자 사기 회사입니다.
      그들은 심지어 투자자를 위협하기 위해 법률 팀을 고용합니다.
      투자를 잃은 투자자가 할 수 있는 일은 크게 세 가지입니다.

      먼저, 인터넷 투자 게시판에 엑스프로마켓의 투자사기에 대한 댓글을 올리는 것입니다.
      이 방법은 다른 투자자가 이 회사에 투자하는 것을 방지합니다.
      이 회사에 더 이상 피해자가 없으면 회사
      를 닫을 것입니다.

      둘째, 투자 사기를 당한 사람은 해당 국가의 경찰에 신고
      해야 합니다. 이러한 사이트가 더 이상 귀하의 국가에서 사기를 당하지 않도록 하십시오.
      귀하의 국가에서 이러한 사이트에 대한 액세스를 차단하면 활동 범위가 제한되는 효과가 있습니다.

      셋째, 회사의 감독 기관은 회사의 문제와 사기를 FSCA에 보고해야 합니다.
      FSCA가 아직 이 회사에 대해 어떠한 조치도 취하지 않았기 때문에 이 회사를 감독하고 있는지는 의문입니다.

      이 세 가지 방법으로 시도하면 xpromarket의 모회사인[email protected]
      에서 해결 제안이 올 수도 있습니다 .

      그러한 합의 제안이 온 경우,
      우리는 손실 금액 전체를 해결하지 않을 것입니다.
      다만, 먼저 적당한 금액으로 계약서를 작성하시고,
      합의금이 통장으로 반환된다면,
      나머지는 경찰에 협조하여 찾으시는 것을 권해 드립니다.

      로펌을 고용하는 것도 법적 절차를 통해 사취당한 원장을 회복하는 방법이라고 한다.

  33. Trade carefully folks. This is a very risky area and trust me when I say this, you cannot just start with a mere USD 250 deposit as they have mentioned on their website. Once you deposit the initial USD 250 into your trading account that’s when the game begins. 1. The account manager calls you and explains about the CFD trading. 2. Then they say that USD 250 is not enough as there should be good amount of free margin kept. (For example, if you deposit USD 1000 then only USD 250 out of it can be used for trading, rest has to be kept as free margin) So it’s never just a USD 250 deposit. That’s just to attract you and hook you onto the system. 3. The account manager does not try and understand the needs and risk appetite of the client. They directly start with some Forex Trading initially. 4. Once you start seeing some small profits, they keep on asking you to open new Forex Trades but the catch here is they don’t tell you clearly till what time you have to do that. It so happens that you open a trade which was previously closed and then it stays open overnight and this is where the swaps charges are levied (which are quite a lot incase you don’t have a Gold account). The trades don’t close and the swaps keep on increasing. You are not told about this in the initial discussion. This is where you start losing lot of money as the trades even if they close in Profit the swaps charges are so much that they negate the trade completely. 5. Then there’s Hedging. Few days into the trades and the account manager tells you to start hedging to mitigate the risk but this is a sinkhole. Not every trade closes and your floating P/L keeps increasing along with swaps charges. 6. During all this time, there are multiple reports all around the world once in a month (they don’t tell you when the meetings/reports are due) based on which the market becomes quite volatile and because of this your principle amount and trades are impacted and your account manager aggressively starts telling you to deposit more money. It so happens that the amount is not just any amount. It’s almost USD 4000-5000 everytime. 7. The Account managers even asks you to log into you back account, share your screen and they see all the account balance and other details. (Who does that?) They see all your Credit Card limits and everything and literally scare you by saying that we will lose all money if we don’t deposit a certain amount. They also promise you that we will definitely make more money with this and recover the lost money. This is absolutely not true. You again are pulled into the same spiral again where more forex trades are opened and they don’t close, you start hedging and swaps keep increasing. 8. Another drawback is you cannot call them whenever you wish you. You can only send them an email and wait for the to call or reply to the email. You are completely at their mercy. Please don’t fall prey to what the account manager says. Join only if you have prior knowledge of trading otherwise you will lose your hard-earned money within no time. Trust me. I have lost approx. 23k USD completely. I am almost broke and finding it very difficult to make ends meet. I am in lot of debt now. Please, please be vigilant. These guys are there to rip you off your money by enticing you and giving false promises. Take care.

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