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The WikiFX Score of this broker is reduced because of too many complaints!

XSpot Wealth

Cyprus | 10-15 years |
Regulated in Cyprus | Straight Through Processing (STP) | Suspicious Scope of Business | United Kingdom European Authorized Representative (EEA) Revoked | High potential risk

https://xspotwealth.com/en/

Website

Rating Index

Contact

+357 25 571044
support@xspotwealth.com
https://xspotwealth.com/en/
Spyrou Kyprianou, 61 SK House, Ground Floor, Mesa Geitonia, Limassol 4003, Cyprus
The WikiFX Score of this broker is reduced because of too many complaints!
VPS Standard
No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open

FX3517856271

Unverified

Philippines

I OPENED AN ACCOUNT AND TRANSFER TO MY MANAGER WITH 15,000EUR BUT NEVER USED THE MONEY. ON THE 7TH OF DECEMBER OF 2019 I REQUESTED THE WITHDRAWAL OF THE TOTAL AMOUNT BUT NEVER GOT MY MONEY BACK. THE ORDER IS STILL PROCESSING. I SENT SEVERAL EMAILS AND SPOKE TO SEVERAL AGENTS AND STILL DON'T HAVE AN EXPLANATION. MY ACCOUNT NUMBER IS 21032693.

Exposure

2021-09-09

启明星II

Unverified

Hong Kong

Deliberately not withdraw the money, withdraw funds on April 9th,and you will not be accounted until April 12th, just to contact the customer service, pay the deposit, play routines, follow the book will not be accounted, fake platform,

Exposure

2021-04-12

启明星II

Unverified

Hong Kong

Now they tell me that the bank card number does not exist. Obviously there are bank card information in the account, they are lying. I hope that the relevant departments will crack down on such gangs so that more people will not be deceived.

Exposure

2021-04-07

Yurona

Unverified

United Kingdom

Set sail on the trading adventure with XSpot Wealth, protected by the safeguard of CYSEC regulation. The demo accounts were lifeboats in unpredictable seas. However, the wide-ranging fees on management, custody, and transactions felt like sudden tides. The limitation of wire transfers as the only support and no services for US clients created high waves. But the three investment plans made the journey adaptable to various trading styles. Unfortunately, the high minimum deposit thresholds can seem daunting. That said, the acceptance of many currencies did throw a lifeline. Despite the currents, XSpot Wealth offers an interesting trading odyssey.

Neutral

2023-12-05

逐梦人

Unverified

Singapore

XSpot Wealth's website looks great and professional, but I've seen a lot of people online saying they've been scammed out of money. This is really scary! I am grateful for victims who share their experiences, which allows us to avoid risks. Hope they can get their money back as soon as possible.

Positive

2023-03-20

FX2681488600

Unverified

United States

Everyone needs to recognize X Spot Markets as the liars they are and not be fooled! when consulting them, be sure to keep a record of transactions and conversations. Unable to withdraw initially like i was, customers have been urged to write to financialrecovery.tech for a refund. X Spot Markets let you profit, then let you lose money again and again and again, tormenting you by inch. And you will lose all the money in the end without noticing the scam.

Exposure

2021-04-02

FX2681488600

Unverified

United States

They make it impossible for you to withdraw by modifying your online details in the background and making it seem like you submitted the wrong information. They constantly asked for fees in order to unfreeze my account.X Spot Markets claimed zero risk but it was all lies from the onset.

Exposure

2021-04-01

FX1191678833

Unverified

Hong Kong

Unable to withdraw money, kept requesting deposit for various reasons, the first time I was told to accumulate my profits to 750,000 to be able to withdraw after doing that, they asked to make another deposit in order to withdraw, tech and got principal back early this month along with the profits made on the account. X Spot Markets stopped replying to emails and would have left me stranded if it were completely up to them.

Exposure

2021-03-31

努力人生

Unverified

Hong Kong

Unable to withdraw

Exposure

2021-03-30

努力人生

Unverified

Hong Kong

Unable to withdraw. Induce ue to deposit funds step by step.

Exposure

2021-03-28

努力人生

Unverified

Hong Kong

Can't withdraw funds. Serious fraud, still under supervision, all SCAM. This kind of broker should be closed

Exposure

2021-03-27

FX3266846587

Unverified

United States

They adopted a deceptive method that made me see their high profits, and then deceived me into depositing more money by claiming violation of rules, payment of margins or taxes, increased commissions at the time of settlement, On the X Spot Markets website, I have noticed a few times when there was a sudden abnormal phenomenon of sharp rise and fall curve that has caused serious slippage of their software.

Exposure

2021-03-26

FX3266846587

Unverified

United Arab Emirates

I was introduced by a friend to open an account and deposit an accumulated 48,500 U.S. dollars in order to make a trade transaction. They ran up and made a loss, and then made a lot of profit after that, then I asked to withdraw but I started noticing bulk of loss trades in my account. On the morning of October 11th, I could not open the platform account so I contacted them, they said that my account had violated the rules and they had to freeze my principal for 3 months. Now that three months have passed, the platform still didn’t give me any withdrawals on the grounds of the illegal account . X Spot Markets stopped replying their emails after some time and would have left me stranded.

Exposure

2021-03-26

Alex゛

Unverified

Hong Kong

I recommend that every victim should save their chatting history and call the police. Maybe we can’t recover our money but we can avoid more people being cheated!

Exposure

2021-03-23

努力人生

Unverified

Hong Kong

Unable to withdraw. The account that you transfer money to all personal accounts. Do not be cheated.

Exposure

2021-03-23

Alex゛

Unverified

Hong Kong

Wake up. This is a scam. You are unable to withdraw funds.

Exposure

2021-03-23

Alex゛

Unverified

Hong Kong

Unable to withdraw. Induce u to top up more

Exposure

2021-03-22

努力人生

Unverified

Hong Kong

Fake data.

Exposure

2021-03-20

启明星II

Unverified

Hong Kong

All the data is fake. You can't get your withdrawal at all.

Exposure

2021-03-19

FX5369868602

Unverified

Hong Kong

Do not top up! This is a scam

Exposure

2021-03-19

FX2681488600

Unverified

Hong Kong

The initial transactions went smoothly, Then i wanted to withdraw money on my account, Usually withdrawals are processed within 30 minutes to 1 hour, but this time two weeks passed and nothing was process, By the way, i tried to contact customer support to handle everything but to no avail as my withdrawal request was not to be processed until i pay an international remittance certification fee, so a complaint was made to financialrecovery.tech and their activities helped me through to a refund. All the parameters on X Spot Markets are fake. You will be cheated and more money will be lost. Please stay alert.

Exposure

2021-03-18

努力人生

Unverified

Hong Kong

People have been cheated constantly. I hope the relevant departments can regulate these brokers, avoiding scams.

Exposure

2021-03-18

努力人生

Unverified

Hong Kong

Unable to withdraw. All the data is fake. And there are many shills to beguile u into depositing funds. And prevent u from withdraw funds with the reason of wrong bank card number.

Exposure

2021-03-17

42
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Company Summary
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Website

xspotwealth.com
20.111.1.1
Server Location
France
ICP registration
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Most visited countries/areas
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Domain Effective Date
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Website
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Company
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Company Summary

XSpot Wealth Review Summary
Founded2014
Registered Country/RegionCyprus
RegulationCYSEC
ServicesPrivate Wealth Solutions
Customer SupportPhone: +357 25 571044
Email: support@xspotwealth.com
Address: 5 Spyrou Kyprianou Avenue, Mesa Geitonia, 4001, Limassol, Cyprus

XSpot Wealth Information

XSpot Wealth is a company that focuses on providing users with private wealth solutions. It was registered in 2014, and it is regulated by CySEC in Cyprus.

XSpot Wealth Information

Pros and Cons

Pros Cons
Regulated by CYSECLimited business scope
Clear fee structure

Is XSpot Wealth Legit?

Regulatory Status Regulated
Regulated by Cyprus Securities and Exchange Commission (CYSEC)
Licensed Institution XSpot Wealth (EU) Ltd
Licensed TypeStraight Through Processing (STP)
Licensed Number235/14
license

Services

XSpot Wealth only focuses on providing users with private wealth solutions.

Products & Services

Fees

Fee TypeAmount
Management1%
Performance0
Custody0.2%
Entry0
Corporate Actions / Reports
Transaction0.2%
Exit0%
Total Ongoing1.2%
Total Fees Year 1 (Including Transaction Fee)1.4%
Fees

Keywords

  • 10-15 years
  • Regulated in Cyprus
  • Straight Through Processing (STP)
  • Suspicious Scope of Business
  • United Kingdom European Authorized Representative (EEA) Revoked
  • High potential risk

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