Beware! Xtrader365 is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


Xtrader365 wants us to believe that it represents an established forex broker based in a regulated jurisdiction. But even a basic fact check reveals that this is not true. This website is nothing more than just another online scam, moreover it is already in the sights of financial regulators. Let’s look at why you should stay away from Xtrader365 and what more credible alternatives you have for investing in the financial markets.

Xtrader365 Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

The first clue that Xtrader365 is not a legitimate broker is complete anonymity. No company name or regulatory license details are given anywhere.

If a financial services provider is legitimate, you will find on its website clear and detailed information about the company that owns and operates it, where it is based, and what licences it has. Genuine brokers also provide access to a comprehensive set of legal documentation. The availability of such information does not guarantee that it is not false or misleading. But the absence of these elements is very indicative that in all likelihood you are dealing with scammers.

Xtrader365 claims to be based in Cyprus, a highly regulated jurisdiction that houses many of the leading brokers operating in the European Union. But there is no licensed broker using Xtrader365’s trade name and domain in the Cyprus Securities and Exchange Commission (CySEC) database. Another European regulator, the Belgian Financial Services and Markets Authority (FSMA), has blacklisted Xtrader365.

If you intend to invest in financial instruments, you should beware of the many fake brokers lurking online. Always check carefully whether the broker you choose really has the necessary licences.

There are many benefits to trade through a licensed broker in the EU. These brokers must maintain a minimum net capital of at least EUR 730 000, which guarantees that the company is financially stable and has a serious long-term approach. When clients deposit money in their trading accounts, they are kept segregated from the broker’s operating funds in separate bank accounts. Thus the clients’ money remains shielded in case of mishaps like a broker’s bankruptcy.

All brokers licensed in Cyprus and other EU countries are members of the Investor Compensation Fund, which may cover a maximum of EUR 20,000 per person in the event of broker insolvency. EU forex brokers are required to report their clients’ transactions on a regular basis. This requirement is designed to improve investor protection and promote market integrity and transparency.

Xtrader365 Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
Xtrader365 platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

Xtrader365 uses web-based trading software. We’ve seen the exact same platform being used by multiple fake brokers we’ve encountered. Scammers are using rigged trading software to fool their victims into believing that their money is really being invested and even turning a profit.

Legitimate brokers offer clients a wide selection of trading software, including desktop, mobile apps and web-based platforms. The most widely used platforms in the industry are MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms have established themselves as industry standard because they offer a 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.

Xtrader365 Trading instruments

FP MarketsYesYesYesYesYes

Xtrader365’s trading software includes forex, stocks, indices, commodities and cryptocurrencies. But we have no reason to believe that this anonymous and unregulated website offers real trading.

Xtrader365 Spreads and cost of trading

Xtrader365XMFP MarketsOcta
Spread EURUSD30.61.20.9
Spread GBPUSD31.31.5x
Spread USDJPY31.31.5x

In the trading platform we see a very high spread of 3 pips. This level is double the industry average. It is also unclear if Xtrader365 charges additional commissions.

Xtrader365 Maximum leverage

UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

A leverage of 1:200 is set in the trading platform. This also indicates that Xtrader365 is not a regulated broker based in Cyprus. 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. EU regulators limit leverage to 1:30 for trading in major currency pairs and even lower levels for more volatile assets.

Higher levels of leverage are only offered to professional clients who trade entirely at their own risk. If you don’t qualify as a professional trader but are willing to take the risk of high-leverage trading, the most viable option is to use the services of an offshore affiliate of an established brand.

Xtrader365 Deposit and withdrawal methods

Deposit timeWithdrawal timePrice
Bank wire2-5 business days2-5 business days$25+
Credit cardInstant24 hoursFree
PayPal1 hour24 hours2%
Skrill1 hour24 hours2%
Neteller1 hour24 hours2%
Crypto24 hours24 hoursFee depends on crypto

In the homepage of the website we see the logos of many popular e-wallets, and the Terms and Conditions mention deposits and withdrawals with fiat and crypto currencies. But at the time of writing this review, Xtrader365’s deposit menu was not active.

Experience has shown that fake brokers routinely advertise conventional payment methods, but actually steer their potential victims towards cryptocurrency transactions. This not only guarantees them anonymity, but also deprives the defrauded of the option to request a refund or chargeback.

Legitimate brokers typically offer clients a wide choice of transparent payment methods, including bank transfer, credit/debit cards and established e-wallets such as PayPal, Skrill or Neteller. If you’re interested in legitimate brokers that accept digital currency payments alongside conventional methods, check out this list.

Xtrader365 Minimum deposit

Xtrader365XMFP MarketsOcta
Minimum deposit$10000$5$100$100

Account descriptions specify a minimum deposit of 10,000 USD. This is a ridiculously high level considering that for 100 USD or even just 10 USD you could become a customer of some of the leading global brands.

Xtrader365 Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
Xtrader365Not specifiedNot specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

Xtrader365 does not specify extraordinary conditions and fees for withdrawal. But these types of scams always surprise you with hidden fees and other tricks that prevent you from withdrawing your money back.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite

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