Xchange TD is a CFD broker with its official domain registered on November 28, 2023. The broker primarily offers investors trading services in markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not offer services in countries and regions where doing so would potentially violate local laws or regulations.
Company Registration Information and Regulatory Status
According to publicly available information on its website, Xchange TD (xchangetd.live) was established in 2016 and claims that its company entity is VLS, regulated by the Australian Securities and Investments Commission (ASIC). However, the broker does not disclose detailed company registration information or regulatory details.
Upon investigation, the Australian Securities and Investments Commission (ASIC) does not list a regulated company named "VLS."
Therefore, Xchange TD (xchangetd.live) is essentially a scam broker website with no company entity or regulatory oversight.
Account Opening Procedure
The account opening process for Xchange TD trading accounts is as follows: Visit the broker's official website, click on "Open Account" on the homepage or "SIGN UP" at the top right corner of the webpage to access the account registration page. Fill in personal information such as name and email, set a login password, and submit. Once the account is verified, the registration is successful.
Trading Products:
Xchange TD offers a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies and is known for its high liquidity, allowing traders to profit from currency fluctuations.
- Indices: Index trading allows speculation on the performance of an entire market or specific industry without trading individual stocks. Exploring popular indices can reveal diverse trading opportunities and leverage to enhance potential returns.
- Commodities: Commodities trading covers critical global market resources, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price fluctuations and dividends of publicly listed companies without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
Xchange TD offers four different types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum Deposit: £500
- Minimum Expected Profit: £3,500
- Maximum Expected Profit: £5,000
- Trader Education*
- Risk Management
- Tax-Free Spread Trading Profits
CLASSIC ACCOUNT:
- Minimum Deposit: £5,000
- Minimum Expected Profit: £45,000
- Maximum Expected Profit: £50,000
- Expert News and Analysis
- Competitive Spreads
- Advanced Trading Tools
- Tax-Free Spread Trading Profits
PLATINUM:
- Minimum Deposit: £10,000
- Minimum Expected Profit: £99,999
- Full Benefits Package
- Trader Education*
- Advanced Risk Management
- Tax-Free Spread Trading Profits
FOREX SIGNALS:
- Professional Forex Signals
- Up to 10 Signals Daily
- 95% Success Rate
- 24/7 Support
- Advanced Trading Tools
- Bitcoin Payments Only
- Accessible with Any Broker
Trading Platform
Xchange TD offers a proprietary trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with more than comprehensive liquidity providers, and executes over 12,000 orders per second.
Deposits and Withdrawals
Xchange TD supports only cryptocurrency for deposits and withdrawals.
Conclusion:
Traderknows reminds investors that Xchange TD is a scam broker that lures investors with promises of high returns. This site has neither a physical company nor any regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and a good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
