XRchain Trades is a CFD broker with a website domain registered on November 9, 2023. This broker primarily provides investment services in trading markets such as forex, digital currencies, precious metals, commodities, and funds to retail and institutional clients. It does not offer services to countries and regions where doing so might violate local laws or regulations.
Company Registration Information and Regulatory Status
Public information on the XRchain Trades website (xrchaintrades.net) shows that its services are regulated by financial authorities under the jurisdiction of New Zealand. However, its Terms of Service page indicates that any litigation arising from the website's terms should be litigated in courts located in Australia and only in Australian courts. Additionally, clicking on "View Cert" at the bottom of its website reveals that the company entity registered in the UK is XRchain Trades Limited with a company registration number of 06467886.
Upon verification, no company registration information for XRchain Trades was found in the New Zealand Companies Register or the New Zealand Financial Service Providers Register. The UK Companies House shows that the company with registration number 06467886 is NOVIA FINANCIAL PLC, and the UK Financial Conduct Authority (FCA) also found no registration information for XR-Chain Limited.
Therefore, XRchain Trades (xrchaintrades.net) is actually a scam broker website falsely using other companies' registration information without any regulation.
Account Opening Process
To open a trading account with XRchain Trades, visit the broker's website and click on "REGISTER NOW" on the homepage or "Join Now" at the top right corner to enter the account registration page. Fill in your personal information such as name, email, and set a login password as required, and submit. Upon account verification, the registration will be successful.
Trading Plans
XRchain Trades offers users three different investment packages: Basic Plan, Swap Plan, and Silver Plan.
Basic Plan:
- Trading period: 5 days
- Minimum deposit: $150
- Maximum deposit: $19,999
- Referral bonus: 10%
- Enhanced security
- Possibility of seven times return on investment
- 24/7 dedicated support service
- Return rate: 10%
Swap Plan:
- Trading period: 7 days
- Minimum deposit: $20,000
- Maximum deposit: $49,999
- Referral bonus: 10%
- Enhanced security
- Possibility of fourteen times return on investment
- 24/7 dedicated support service
- Return rate: 15%
Silver Plan:
- Trading period: 14 days
- Minimum deposit: $50,000
- Maximum deposit: $1,000,000
- Referral bonus: 10%
- Enhanced security
- 24/7 dedicated support service
- Unlimited investment potential
- Return rate: 25%
Trading Platform:
XRchain Trades offers its own trading platform but does not provide detailed information about it and is only available on the web.
Deposits and Withdrawals:
XRchain Trades supports deposits and withdrawals using various cryptocurrencies.
Conclusion:
Traderknows reminds investors that XRchain Trades is a fraudulent broker that deceives investors under the guise of high returns, and this broker actually lacks any regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
