Note: Report Scam Community has conducted much research before flagging Xsystem Trader as a possible scam in this Xsystem Trader Review.
Website – xsystemtrader.com
Address – NA
Warned By – Comisión Nacional del Mercado de Valores (Spain)
Xsystem Trader has written a punchline on their website – https://xsystemtraders.com/ that – “You Don’t need any experience in trading to make money.” This statement looks like a scam statement as, ideally, experience is needed to get a profitable return. Brokers like Xsystem Traders put these types of attractive lines on their websites to lure innocent traders.
They also claim that “Earn money in a matter of half an hour”. This is an overstatement and befools traders. They also claim that all of their strategies are low-risk which is incorrect. Options trading contain a high level of the risk factor involved. How can it be low-risk?
The contact information is missing, and the risk statement is also not mentioned in any place where it can be easily accessed. Overall, the website is very less informative and the company and person behind the broker are not easily accessible. There is no regulatory information provided on the website. Regulation by entities like ASIC, FCA, CySec, FMA, CONSOB, and others is required so that the traders can trust the brokers.
Xsystem Trader Review: Regulation
Xsystem Trader is providing trading without any regulated license which is against the law. You need to purchase a regulatory license from the nation where you wish to offer trading services. Trading without a permit is against the law, and it turns you into a dishonest and unregulated broker. Because they are illegal brokers without regulated licenses, Xsystem Trader won’t refund your money. A public warning has also been issued against Xsystem Trader by the authority of Spain (CNMV), which proves that this broker is an unregulated scam broker or involved in scam activities.
Xsystem Trader Review: Fake claims and offers
Many fraudulent investment schemes use the slogan “make money online,” and for some reason, the general public always falls for it. The tagline used by this company is the same, and they don’t even attempt to explain how their algorithms perform. On their webpage, they make claim that they are trusted by well-known companies like CNN, Fox News, Google, etc.
They claim in their sales pitch that they have created several millionaires and that the founders have taken home more than $80 million in earnings. Although the statistics seem incredible, they have once again failed to offer proof that demonstrates their incapacity.
Xsystem Trader Review: Customer Review
According to our research, we determined that this broker might be unregulated and involved in online scams. With the help of this review and after reviewing all the positive and negative Xsystem Trader reviews, we found that Xsystem Trader is a scam broker and involved in illegal activities. To avoid these scams, we have listed this broker in our list of scam brokers 2022.
Xsystem Trader Review: Conclusion
Xsystem Trader is a fraud that operates without legal authorization. If you don’t want to have an issue, we urge you to stay away from this broker. To prevent other people from becoming victims, please write us a note if you believe you were a victim of this broker. You can also file a complaint for fund recovery. Fill out a complaint form on the Report Scam website. Our experts will provide you a free consultation, and we will guide you in the process of fund recovery.
We hope this Xsystem Trader review is helpful for you.
Domain Age Information of Xsystem Trader
|Date Registered||December 03, 2016|
|Domain Age||5 years, 10 months, 4 days, 23 hours, 46 minutes, 36 seconds|
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