XeonFx Pro is a forex broker whose official website domain was registered on August 3, 2022, primarily providing investors with financial trading services such as forex, indices, and commodities, with an undisclosed company headquarters location. This broker does not provide services to jurisdictions where doing so may contravene local laws or regulations.
Company Registration Information and Regulatory Status:
Public information on the official XeonFx Pro website reveals that its company address is located at 78 Hanbury Street, Spitalfields, London E1 5JP, United Kingdom, and is regulated by the Financial Conduct Authority (FCA) of the UK, though detailed entity registration information is not published.
Upon verification, the Companies House of the UK does not have a record of an entity named XeonFx Pro, and during the verification process, it was discovered that this broker was added to the warning list of the Financial Conduct Authority (FCA) on September 15, 2023. It is not authorized or regulated by the FCA, and it is unclear whether the corporate entity actually exists.
Opening an Account:
In the actual account opening process, both the account opening and login portals provided on the XeonFx Pro official website are unavailable.
Account Information:
The XeonFx Pro official website claims to provide users with Direct Market Access (DMA), with maximum trading leverage of 1:500, settlement time of T+0 days, exemption from UK stamp duty for transactions, the possibility to sell short, and trading commissions starting at 0.08%, but the broker's links for opening demo and real accounts are inaccessible.
Trading Platform:
The XeonFx Pro official website claims to offer the MT5 trading platform to its users, but the download link provided on the broker's official website is non-responsive, and the MT5 trading platform does not list XeonFx Pro as a broker either.
Deposits and Withdrawals:
The XeonFx Pro official website does not explicitly disclose the support for specific deposit and withdrawal methods.
Summary:
Traderknows reminds investors that XeonFx Pro is an unregulated forex trading broker whose corporate entity's existence is uncertain, and this broker was listed on the warning list by the UK's Financial Conduct Authority (FCA) on September 15, 2023. Currently, it is not possible to log in or open an account on the broker's official website, most of the content provided on the website cannot be opened properly, and is suspected of false advertising. Traderknows advises investors to choose brokers that are transparent in information, strongly regulated, and have a good reputation for investment trading activities, to avoid unnecessary financial losses.
Currently, this broker is marked as 'Suspected of Fraud' on Traderknows.
