X-FinanceCorp is a newly established financial trading platform, with its domain registered in August 2024. The platform currently does not disclose
its operating address and registration information. Moreover, X-FinanceCorp has not received authorization or
license from any financial regulatory authority. This lack of transparency and regulation raises significant concerns about the platform's legitimacy, putting investors at substantial risk when using it.
Background of X-Finance Corp:
The official website of X-Finance Corp is https://www.xfinancecorp.pro/. The domain was registered on August 11, 2024, indicating that the platform is very new. Although it claims to offer a range of financial products including Forex, stocks, commodities, indices, and cryptocurrencies, it does not provide any public company registration information or operating address on its website. Such a noticeable lack of transparency makes it challenging for investors to evaluate the platform's legitimacy and trustworthiness.
Regulatory Information of X-Finance Corp:
X-Finance Corp has not received authorization or a license from any financial regulatory authority. This means that the platform's operations are not under the supervision of any financial regulatory body, and the safety of investor funds is not guaranteed. Unregulated trading platforms may be involved in fraudulent activities, and investors may find it difficult to seek legal recourse if they encounter financial issues. Such platforms often come with exceptionally high risks, and thus, investors are advised to exercise caution.
Account Registration Process of X-Finance Corp:
- Visit the X-Finance Corp website and click on the registration button
- Fill out the application form
- Submit identity verification/my number verification documents
- Deposit funds and start trading
Account Types of X-Finance Corp:
X-Finance Corp offers multiple account types, including BASIC, CLASSIC, GOLD, PLATINUM, and VIP accounts, with minimum deposit amounts of $250, $5,000, $10,000, $25,000, and $50,000, respectively. These account types seem to encourage investors to deposit large sums of money, particularly in the absence of clear terms of service and transparency. This model raises concerns about the security of funds, particularly when the platform lacks regulation, making the destination and management of funds unclear.
Trading Software of X-Finance Corp:
The X-Finance Corp website does not provide any information about the trading software it uses. This is a serious warning sign, as the transparency and security of trading software are critical components of any financial platform. The lack of disclosure about the trading platform means investors cannot assess whether the technology used is secure and reliable, nor can they evaluate the speed and accuracy of transactions.
Trading Products of X-Finance Corp:
X-Finance Corp claims to offer a wide range of financial products, including Forex, stocks, commodities, indices, and cryptocurrencies. However, the platform does not provide detailed information on the trading conditions for these products (such as leverage, spreads, fees, etc.). The absence of this information makes it difficult for investors to fully assess the trading costs and potential risks, particularly in high-risk areas like leveraged trading and cryptocurrencies, which can result in significant financial losses.
What are the Spreads, Leverage, and Commissions of X-Finance Corp?
X-Finance Corp claims not to charge commissions and fees, but in financial trading, the claim of zero commission usually comes with hidden trading costs, such as larger spreads or higher leverage. Unregulated platforms often profit from these hidden costs, so investors might end up paying hefty fees without their knowledge.
What are the Deposit and Withdrawal Methods of X-Finance Corp?
X-Finance Corp accepts multiple payment methods, including major credit cards (VISA, MASTERCARD, MAESTRO, etc.) and bank wire transfers. While these payment methods appear convenient, the platform does not disclose any fees or processing times associated with deposits and withdrawals. This lack of transparency in financial processes can result in fund flow issues and even withdrawal difficulties.
Customer Support of X-Finance Corp:
Email: support@us-cryptotrade.us
Phone: +447451205961
Summary:
The X-Finance Corp platform exhibits serious transparency and regulatory deficiencies and fails to provide detailed information about its trading software and conditions. These factors indicate that the platform poses high risks, and investors should remain highly cautious. The platform's operating background, account type design, and fund management mode all raise questions about its legitimacy. Without clear regulatory information and reliable customer support, X-Finance Corp is likely to be an unsafe trading platform, and investors should avoid making any financial investments on such a platform. Currently, X-Finance Corp is flagged as a "Suspected Fraud" on TraderKnows.
