Score
Belize
|
2-5 years
| https://www.xcharterfx.com/en.html
Website
Rating Index
LicensesNo valid regulatory information, please be aware of the risk!
Belize
xcharterfx.com United States
VIP is not activated.
| X Charter Review Summary | |
| Founded | 2024-01-30 |
| Registered Country/Region | Belize |
| Regulation | Unregulated |
| Market Instruments | Forex/CFDs/Shares/Futures/Indices/Metals/Energy |
| Demo Account | / |
| Leverage | Up to 1:1000 |
| Spread | As low as 0.0 pips |
| Trading Platform | WebTrader/MT5(PC/Tablet/Mobile) |
| Min Deposit | $5 |
| Customer Support | Email: xcharter2024@gmail.com |
X Charter is a brokerage company specializing in online investment and trading services. The tradable instruments include Forex, CFDs on Shares, Futures, Indices, Metals, and Energy. The broker also provides four accounts with a maximum leverage of 1:1000. The minimum spread is as low as 0 pips. X Charter is still risky due to its unregulated status, and high leverage.
| Pros | Cons |
| MT5 available | Unregulated |
| Various tradable instruments | High max leverage |
| Spread as low as 0.0 pips | No deposit and withdrawal information |
| Islamic account available | Inaccessible official website |
| 24/7 customer support |
X Charter is not regulated, making it less safe than a regulated one.
X Charter offers 1000+ market instruments, including Forex(50+ Currency pairs), Commodities, Stocks, index, Precious metals, Energy, and more.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Index | ✔ |
| Precious metals | ✔ |
| Energy | ✔ |
X Charter has four account types: Micro, Stanard, X Charter Ultra Low, and Shares. Traders who want low spreads can choose an x Charter Ultra Low account, while those with a sufficient budget can open a Shares account. Muslims are allowed to open Islamic accounts without swaps.
| Account Type | Micro | Standard | X Charter Ultra Low | Shares |
| Leverage | Up to 1:1000 | Up to 1:1000 | Up to 1:1000 | - |
| Spread | As low as 1 Pip | As low as 1 Pip | As low as 0.6 Pips | - |
| Commission | ❌ | ❌ | ❌ | ✔ |
| Swaps | ✔ | ✔ | ❌ | ❌ |
| Islamic Account | Optional | Optional | Optional | ✔ |
| Minimum Deposit | 5$ | 5$ | 5$ | 10000$ |
The spread starts from 0 pips, the commission is from 0, and the swap-free. The lower the spread, the faster the liquidity.
The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.
X Charter cooperates with the authoritative MT5 trading platform available on PC and mobile. Traders with rich experience are more suitable for using MT5. The MT4 platform focuses on the Forex and CFD markets.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | PC/Mobile | Experienced traders |
The first deposit amount must be $5 or above. However, due to the official website being inaccessible, transfer processing times and associated fees are unknown.
Choosing a reliable broker that offers competitive conditions and robust security is essential. X Charter, a Belize-registered brokerage, claims to offer a comprehensive trading platform for Forex, CFDs on Shares, Futures, Indices, Metals, and Energy. However, with its unregulated status and some concerning features, potential traders must carefully assess the risks before opening an account.
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Jacky4742
Canada
A friend online introduced me to this platform. Since late March, I have gradually invested about $260,000. Including profits, my account has nearly reached $300,000. Initially, I was able to withdraw small amounts without issue. However, when I attempted to make larger withdrawals, the platform started refusing with various excuses, demanding risk control fees, security deposits, and taxes. Now, I can no longer contact that friend. I urgently request the platform's attention and assistance in resolving this matter!
Exposure
Generation
Malaysia
Fast withdrawals, fast deposit, multiple deposit options including crypto. only problem is most of the time during news release, due to price volatility orders are not filled promptly, other than that, every thing is perfect. very low commission on xauusd and currency pairs, however, i feel commission is slightly higher on indices.
Neutral
Robins Lu
Singapore
It wasn't bad when I traded with this broker—they had low spreads and great customer service. Later, though, I started to feel more pressure to put in more money. That's not what I earlier thought.
Neutral
Hugo Moreau
Colombia
Overall, this broker has no big problem. Orders executed quickly and their customer support is great. But the only thing that bothers me is the spreads. I need some stability with those spreads, otherwise it's tough to plan my trades.
Neutral