XtremeTrader Ltd is a forex broker officially registered on May 1, 2024. The broker offers forex trading services mainly through the ST5 trading platform and its related mobile applications, and it does not provide services in jurisdictions that may violate local laws or regulations.
Company Registration Information and Regulatory Status:
Public information on the official website of XtremeTrader Ltd (www.xtremetraforex.com) shows that the broker has obtained a license issued by the Hong Kong Securities and Futures Commission (HKSFC), approved to engage in Type 1 (Securities Trading), Type 4 (Advising on Securities), and Type 9 (Asset Management) regulated activities with license number BCZ158.
Upon verification, the official website of the Hong Kong Securities and Futures Commission (SFC) indicates that the company with license number BCZ158 is Dantai Capital Limited, and there is no registered company named XtremeTrader Ltd listed with the SFC. Therefore, the broker is actually a fraudulent brokerage website that has appropriated the registration information of another company.
Account Opening:
To open an account with COMEX GROUP LTD, visit the broker's official website homepage and click on "Open an Account" in the upper right corner of the page. Follow the steps to fill in your email address and set a login password, then obtain a verification code through the provided email. Enter the code and submit, but upon submission, a "Illegal Request" message will display.
Trading Scheme:
XtremeTrader Ltd has not disclosed on its official website the types of trading accounts offered, nor any related information such as account spreads, trading leverage, margin levels for calls/stops, trading commissions, minimum/maximum trading volumes, maximum positions/orders, and minimum price precision.
Trading Platform:
XtremeTrader Ltd provides users with the ST5 trading platform, including desktop and mobile versions. Its mobile app supports multi-screen tapping execution and trading, real-time exchange rate viewing in the system, and easy access to color-coded data, features, and charts for efficient forex trading and analysis.
Deposits and Withdrawals:
XtremeTrader Ltd has not clearly published on its official website the supported methods for deposits and withdrawals, fees, or the minimum amount for transactions.
Summary:
Traderknows reminds investors that XtremeTrader Ltd is a fraudulent website with opaque entity information, lacking any regulation, suspected of false advertising, and misappropriating information from other companies. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for trading activities to avoid unnecessary financial losses.
Currently, this broker is flagged as "suspected fraud" on Traderknows.
