Xtrend Review- Is Xtrend scam or legit?

Are you planning to trade with an Xtrend broker? Or you have already invested money and want to know if Xtrend is legit or a scam? Read this Xtrend Review written by Scam Helpers’ experts.

With a registered office and communication address in Cyprus, “Rynat Trading Limited” maintains and manages Xtrend, which was established in 2016. A Cyprus Investment Firm (CIF) with the registration number HE344135 is also something the company owns.

The legal framework in Cyprus is comparatively solid and offers customers of sectionally regulated businesses significant guarantees. Foreign exchange brokers operating in the nation must be licenced by the Cyprus Securities and Exchange Commission (CySEC) or a comparable EU financial body and abide by a number of strict regulations.

Given the regulatory status of Xtrend described above, the broker is able to offer financial FX services across all of Europe thanks to its current CySEC permission.

XTrend only allows trading through mobile devices. With Millennial traders in mind, the broker created trading apps for iOS and Android. Even if these apps are easy to use and completely functioning, we bet some traders will miss the good old MetaTrader4 and having access to all the benefits of a top-tier desktop platform.

Table of Contents

Xtrend Review – Xtrend speed is legit or not

Scam Helpers Team which has done a lot of work in researching for Xtrend Review, advises investors not to invest in Xtrend, as it is suspected to be a potential scam broker. It is advised to first look at what other people are saying about the company you wish to invest in to prevent being conned by an investment scam plan.

After conducting some research on investing forums and social media platforms, we learned that many people had negative experiences with Xtrend and left conflicting opinions about it. You should examine it before making an investment because it appears that Xtrend is an unreliable investment company. Read a complete Xtrend review, and you’ll see that not all things are as good as they appear. We’re going to expose a scammer.

Website: https://www.xtrend.com/

Address: Cyprus

Warning: Not Recommended By Review Website Like Scam Helpers

Regulated? Unregulated

Risk is an integral part of every type of trading. A genuine investment provides the broker with an excellent opportunity to earn a profit if they make the right decisions. We have done profound exploration, looked at various brokers and trading conditions, and prepared a comprehensive list of scam brokers 2023 to aid your decision-making.

We include the name of Xtrend here because it is not a legit broker. For fledgling brokers or clueless clients, Xtrend will appear as a genuine investment opportunity for unsuspecting users and novice traders.

We are here to expose this broker by providing this Xtrend review and share with you the reason for presenting this Xtrend review.

Proofs that Xtrend is a scam

Investment scams such as Forex trading scams, Binary scams, Crypto scams and others are hard to spot. But still there are many signs why Xtrend is suspected as a scam broker. Let us read them,

After taking a look at their website, we found numerous warnings that should be enough for you not to invest in them. Some of the reasons why we include Xtrend as an unsafe broker.

Regulation And Safety Of Funds

Being an unregulated firm is the worst thing, and it makes you an exploitative cheat. Xtrend is a scam, and your money is at risk.

By investing your money in an unregulated and unlicensed broker, you are indirectly putting your funds in danger. For that reason, we ask our readers to invest with brokers who have licenses from authorities like FCA, ASIC, FMA, etc. Authorized brokers are covered by many prerequisites, and a large number of them apply anti-fraud practices. As such, they are the specific inverse of what these brokers and others like them represent.

Xtrend Speed Withdrawal

There is a reason why these fraudsters, as well as many other scammers, would frequently advise you to deposit in cryptocurrency. You cannot get a chargeback on such transactions because they are entirely irreversible and all of them are recorded in a ledger that cannot be modified later. Depositing money with scam brokers is therefore, rarely a good idea. If you have already invested your money with Xtrend, you should immediately ask for a withdrawal as your money is not safe with an unregulated broker.

With Xtrend, if you ask for a withdrawal, they will postpone the process by giving some reasons for a long time so you can find no alternative to file a complaint.

Customer Xtrend Reviews

Scam Helpers found that Xtrend got negative customer reviews and ratings on all other sites, and also got low trust scores among users. With this review and after reading all the negative and positive Xtrend reviews, we found that this broker is not regulated and might be a potential scam broker. To avoid these scams, we provide a list of scam brokers 2023 on our website.

Commitments of Ensured Benefits

Any moneymaking promises in the financial market come with a risk. Some brokers will attempt to let you know that their financier can assist you with turning ensured benefits when you utilize their platform.

If you get attracted by such brokers, there’s a chance of getting scammed by them.

How does Xtrend Scam Work?

Scammers use many tricks in order to give you the idea that you are earning money easily and rapidly, fraudsters frequently send you some returns first. They can acquire your trust in this way. To extract as much money as they can from you, they frequently ask you to make more investments or to recruit family members and friends to do the same.

They will suspend or close your account when they believe you are unable to invest any more money in the fraud, and you won’t likely hear from them again. In order to appear trustworthy in the eyes of potential customers, many scam companies falsely state that they are headquartered in a regulated jurisdiction by using fictitious locations and regulation licenses.

How to keep yourself safe from scam brokers?

Do good research about the broker. Go through reviews and pick a broker with positive reviews. A conventional web search can give experiences into whether negative remarks could simply be a disappointed broker or something more serious.
Ensure the reviews do not contain anything negative about the broker’s withdrawal process.
If you are happy with your examination on a specific broker, then trade for a while first, and afterward attempt to make a withdrawal.
If you face some issues, discuss them with your broker. If it doesn’t go well, file a complaint and share your experience online with everyone.

Is Xtrend speed safe?

It is clear from Xtrend review that this broker is not right for trading. We unequivocally encourage all traders and investors to keep away from Xtrend and similar brokers. If you really want to trade online, find a broker who is regulated and has trusted and positive reviews.

Scammed by Xtrend? Scam Helpers can help

If you are a victim of Xtrend scam, or other scams like forex scam, cryptocurrency scam, binary scam, etc., file a complaint here to get your funds back. Scam Helpers can process your complaint and help you in fund recovery. We should begin and determine the matter before the harm is considerably greater. Your one step can save you and other people from being cheated by such brokers.