XB Trades is a foreign exchange broker officially registered on June 8, 2023. The broker primarily offers users access to a plethora of trading markets through its proprietary trading platform and mobile application, including forex, stocks, indices, energy, metals, cryptocurrencies, and ETF contracts for difference (CFDs).
Corporate Registration Information and Regulatory Status:
The official website of XB Trades does not disclose its corporate entity registration information or regulatory details. Upon verification of its provided contact address "1D New St Square, London EC4A 3BZ, UK," neither the UK Companies House nor the Financial Conduct Authority (FCA) has records of the broker's registration.
Opening an Account:
To open an account with XB Trades: visit the broker's official website, click on “SIGN UP FOR FREE” 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, email address, and set a password, then submit the application. Once submitted, the account is successfully registered.
Trading Plans:
XB Trades offers users four trading plans: STARTER, BASIC, PRO, EXECUTIVE.
STARTER:
- Minimum investment amount: 500 USD
- Maximum investment amount: 19,999 USD
- Instant trading
- Demo trading available
- Access to senior brokers
BASIC:
- Minimum investment amount: 20,000 USD
- Maximum investment amount: 49,999 USD
- Instant trading
- Demo trading available
- Access to basic brokers
PRO:
- Minimum investment amount: 50,000 USD
- Maximum investment amount: 99,999 USD
- Instant trading
- Demo trading available
- Access to professional brokers
EXECUTIVE:
- Minimum investment amount: 100,000 USD
- Maximum investment amount: 150,000 USD
- Instant trading
- Demo trading available
- Access to executive brokers
Trading Platform:
XB Trades offers a proprietary trading platform to its users. However, the broker's official website merely displays icons without providing genuine download links, leaving the platform inaccessible and only available through the web-based trading platform on the official website.
Deposits and Withdrawals:
XB Trades supports deposits and withdrawals through local banks, e-wallets, or cryptocurrencies.
Summary:
Traderknows reminds investors that XB Trades is an unregulated scam platform. The design and content of this broker's official website are identical to those of other brokers such as Stockmarketopts, Xsharesmarketing, Vox Bit Exchange, Stake Elites, Global FXTM, and Skyhigh Options. Traderknows advises investors to opt for transparent, strongly regulated, and reputable brokers for their investment trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Scam" on Traderknows.
