Abstract：Do you constantly witness withdrawal denials or delays by XBTFX, an Antigua and Barbuda-based forex broker? Have you been constantly unsuccessful when transferring funds from your forex trading account to your wallet? Did you have to pay a charge on a funds transfer to your wallet? Did you witness withdrawal blocks even after paying the transfer fee? Such has been the story for many traders at XBTFX. Read on as we share the XBTFX review, containing traders’ complaints.
Do you constantly witness withdrawal denials or delays by XBTFX, an Antigua and Barbuda-based forex broker? Have you been constantly unsuccessful when transferring funds from your forex trading account to your wallet? Did you have to pay a charge on a funds transfer to your wallet? Did you witness withdrawal blocks even after paying the transfer fee? Such has been the story for many traders at XBTFX. Read on as we share the XBTFX review, containing traders complaints.
Listing Out the Top Forex Trading Complaints Against XBTFX
The Usual Withdrawal Delay Case for XBTFX Traders
Traders often witness long XBTFX withdrawal processing delays, let alone the execution. In one such case, a trader, after failing to note withdrawal processing on the XBTFX login for hours, contacted the customer support service on this issue. The trader was told to wait for a day, making him believe that it was not illegitimate to delay the withdrawal. Sharing a screenshot, where the trader has penned down the XBTFX review.
Failed Fund Transfers & ZERO Customer Support Service
A trader reported multiple failed attempts when trying to transfer funds from his PAMM account to his wallet. Seeing this, the trader rightfully contacted the help desk, only to find no support from the officials. Weeks passed, but the complaint ticket remained open with no resolution. This made the trader share the XBTFX review online.
Withdrawal Blocks Despite 15% Fee Payment by the Trader
In a startling revelation, a trader reported having deposited funds into the XBTFX trading account through a service provider, which later stopped providing the services. Consequently, the trader demanded that the funds be transferred to the USDT account. The broker demanded a 15% fee over the transaction, which was accepted by the trader. However, the broker imposed withdrawal blocks, alleging that the trader used the XBTFX app to exchange funds from the service provider to a USDT account. Check out the screenshot below to know about the complaint in detail.
XBTFX WikiFX Review: What‘s the Score & Regulatory Status of the Broker?
The WikiFX team’s review of XBTFX remains slightly similar to the ones shared by traders above. The suspicion for the broker stems from its offshore regulation status, relieving it from maintaining strict compliance with globally accepted forex trading norms. As a result, traders would always be at elevated investment risks. Considering the overall peril, the team, for the while, kept the score for XBTFX at 5.76 out of 10.
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