Independent Analysis of User Ratings, Complaints, and Trustworthiness
Scam Broker Overview
Website: https://www.xtreamforex.com/
Website Availability: No
Address: Trust Company Complex, MH96960, Ajeltake Island, Marshall Islands
Warning: Not Recommended By Review Website Like Skyrecoup
Domain Blacklisted Status: xtreamforex.com is flagged on the Suomispam Reputation blacklist.
It indicates potential abuse or reputation issues affecting its trustworthiness.
XtreamForex Broker has been flagged as a potential scam in the online trading space. Many traders have reported issues related to fund withdrawals, misleading promises, and a lack of transparency. While the broker may present itself as legitimate, the lack of regulatory oversight raises serious concerns. Traders are strongly advised to stay cautious before investing any amount with the XtreamForex Broker.
About XtreamForex
XtreamForex is an offshore brokerage that was established in 2015 and trades Forex, indices, stocks, cryptocurrencies, and commodities. XtreamForex is registered in the Marshall Islands and has no license number listed on its website, which indicates it is unregulated and not allowed to engage in financial services. XtreamForex’s website is also currently down, and it doesn’t add any veracity to their legitimacy.
On Trustpilot, it only has a 1.8-star rating with several negative reviews. Traders have reported serious issues like delayed withdrawals or no withdrawals. Sudden account balance removals were common, i.e., shared by numerous different users. While each user didn’t report the same kind of issues, they did share similarities; one example includes an employee at XtreamForex removing a $1,090 balance with a $300 profit and blocking access to the client portal and MT4 account, and then refusing to provide proof of “terms and conditions violations”. Complaints described many issues, including harassment calls, not offering traders transparency, and losing funds. Overall, XtreamForex is not reliable at all.
Conclusion – Should You Trust XtreamForex?
Based on the findings above, extreme caution is advised when dealing with XtreamForex. The absence of regulation, lack of transparency, and ongoing user complaints indicate that this broker poses a serious risk to investors. Always prioritize safety and verify the legitimacy of any financial platform before investing.
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