XFortunes Review: An Untrustworthy Broker Revealed
A visually appealing website does not guarantee an entire business’s legitimacy. XFortunes must face the truth. In our comprehensive Fortunes review, we delved into crucial legal and trading aspects offered by this broker. We scrutinized their licensing status, trading platform, leverage options, and payment methods. Learn whether XFortunes is regulated and how it impacts your trading decisions.
In this review, we will examine the various aspects of XFortunes. We will provide you with concise and well-structured information. Join us as we shed light on XFortunes’ offerings, features, and potential drawbacks.
Evaluating the Legitimacy of XFortunes
Operating under the trading name Mango Group LLC, x-fortunes.com is a broker from Saint Vincent and the Grenadines. XFortunes offer a wide range of financial instruments, such as
cryptocurrencies, FX, commodities, stocks, indices, and ETFs.
It looks like XFortunes strives to meet the trading needs of its clients across the globe. But, it is crucial to know that XFortunes currently operates without regulatory oversight. That may raise concerns among potential traders.
Therefore, it is important to exercise caution when trading with XFortunes. Always do your research and be aware of the risks. Investing with them should be done with caution and with a full understanding of the risks involved.
Beware of fraudulent activities associated with Aextrade as well. It is imperative to thoroughly investigate online trading firms’ track records before investing.
|Mango Group LLC
|Unregulated Offshore Broker
|Warnings from Financial Regulators:
|No official warnings
|Saint Vincent and the Grenadines
|The majority of clients are from:
|Yes (24/6 live chat)
Exploring Market Instruments With XFortunes
XFortunes offers traders and investors a variety of market instruments. The platform grants access to many options, including:
Keep in mind that none of the trading instruments are reliable with an unregulated broker.
Trading Platforms at XFortunes
Approach trading on x-fortunes.com with a dose of suspicion. Keep in mind that this broker operates without regulation. Yet, if you’re willing to take the risk, you can take a look at their WebTrader platform. No need for installation or compatibility concerns.
You can use your preferred web browser, like Google Chrome, Safari, Firefox, or Microsoft Edge. You can navigate the markets, execute trades efficiently, and access real-time market information. Check your account balance and make trades with just a few clicks. XFortunes scam provides somewhat powerful market analysis tools. However, remember the risks involved.
This suspicious broker offers traders an economic calendar, a valuable tool for being informed. Stay ahead of the game by keeping track of upcoming business events, news releases, and key indicators that affect the markets. From GDP reports to employment figures, inflation rates, and central bank decisions, access timely insights. The economic calendar includes previous and forecast data. This allows you to assess the potential market impact of upcoming releases.
Make sure to find a regulated broker that offers this feature. Use this information to make informed trading decisions and adjust strategies accordingly. Stay vigilant and trade wisely.
General Trading Environment
XFortunes includes a range of account types with unique features. They are as follows:
- BASIC with a minimum deposit of 250€.
- BRONZE requires a minimum deposit of 5000€.
- SILVER with a deposit of 20,000€.
- GOLD with a minimum deposit of 50,000 €.
- PLATINUM requires a minimum deposit of 100,000 €.
- ELITE with a minimum deposit of 250,000€.
Yet, the XFortunes demo account does not exist, and that is a big drawback.
XFortunes includes a diverse range of leverage options, ranging from 1:1 to 1:400. With leverage, you can increase your market exposure by borrowing money.
A leverage of 1:1 allows trading without borrowing funds. In contrast, a leverage of 1:400 enables traders to trade with 400 times their initial capital. It’s important to note that higher leverage can magnify both profits and losses. As a result, the trading position size increases in relation to the invested capital. Yet, it’s crucial to approach leverage with caution and assess individual risk tolerance.
XFortunes Fees Overview
- Deposits – No fees.
- Withdrawals – 3.5% service fee, with a minimum of $30 or a maximum of $3,500 (USD, GBP, EUR).
- Maintenance – $20 monthly fee (USD, GBP, EUR), deducted on the last day of each month or prorated based on trading start date.
- Inactive Account – $100 dormant account fee, deducted after 30 days of no trades.
- Profit Clearance – Fee varies based on profit volume per trade, ranging from $1.50 to $5.00 (USD, GBP, EUR).
Deposits & Withdrawals at XFortunes
XFortunes offers a different range of deposit methods. One popular option is credit card deposits, allowing for the secure transfer of funds. For those preferring traditional banking methods, XFortunes supports wire transfers. The platform embraces E-money solutions like Skrill, Neteller, and Sofort. These trusted E-money platforms ease hassle-free transfers from digital wallets to trading accounts. XFortunes withdrawals may sound tempting. Yet, please remember that it is not safe to trade with an unregulated entity.
The requested amount will allegedly be transferred using the same method used for the initial deposit. Also, they claim profits can be withdrawn via any accepted withdrawal method. The minimum XFortunes withdrawal amount is $50, with the currency determined by the account’s currency (USD, GBP, EUR).
Yet, if you have a problem with the XFortunes money back requests, please don’t hesitate to contact us.
At XFortunes, customer satisfaction seems to be their top priority. They walk the extra mile to provide multiple channels for support, even though they lack regulation. To directly connect with the XFortunes support team, clients can utilize the following options:
- Phone: +442039961016
- Email: For general inquiries, clients can contact [email protected]. And for specific billing-related concerns, [email protected] is available.
Besides, XFortunes includes a UI-friendly Contact Us form on its website.
XFortunes claims exceptional customer service, but skepticism is advised. Conduct thorough research before trusting their support.
XFortunes: Unregulated Broker with Positive User Feedback
According to Trustpilot, XFortunes has a solid reputation. With a very good 3.8-star rating based on 66 reviews, users express high levels of satisfaction with the platform. The majority of reviews award the platform a maximum of 5 stars, along with numerous 4-star ratings. It indicates a consistently positive user experience. These glowing ratings are odd.
Users highly value XFortunes’ dedicated customer support, which receives considerable praise. Users also appreciate the extensive range of trading tools and platform reliability.
Yet, we must say again that they are unregulated, just like Aiko Markets. You should be aware of the risk involved.
If you’re curious to know more about regulated brokers, we are here to help! Contact us for expert guidance and valuable insights. For additional information about our services, feel free to explore our social media pages.
Avoiding Forex Scams: Protecting Your Money from Fake Brokers
In forex trading, it’s crucial to know common scam tactics certain brokers use. One tactic is misleading ads, where brokers promise unrealistically high profits or use flashy marketing to attract traders. Another tactic involves excessive fees and hidden charges.
Here, brokers charge high commissions without transparent disclosure. Some brokers may also engage in improper trade execution or manipulate prices in their favor, which can harm traders’ profits. Choosing reputable brokers with transparent practices to ensure your safety is essential. Remember, with knowledge and caution, you can navigate the forex market wisely and avoid scams.
Long Story Short – XFortunes
XFortunes operates under the trading name Mango Group LLC. They offer many trading instruments and have many positive reviews. Yet, it is critical to note that XFortunes currently operates without regulatory oversight. This may raise concerns for potential traders.
In this review, we provide concise and well-structured information. We shed light on XFortunes’ offerings, features, drawbacks, and key characteristics. XFortunes has earned positive user feedback on Trustpilot, with a solid rating of 3.8 stars based on 66 reviews. Yet, we must emphasize that the broker remains unregulated, like AFS-Equity. Traders should know the risks involved.
If you’re interested in learning more about regulated brokers, our team is here to provide expert insights. Feel free to contact us for help. For more information about our services, explore our social media pages. Stay informed and updated!
Is XFortunes Legit?
No, they are not legitimate. This company is not regulated.
How much is the x-fortunes.com withdrawal fee?
The withdrawal fee is 5%, with a minimum of $30 or a maximum of $3,500.
How Long Do XFortunes Withdrawals Take?
This information was not disclosed. Still, they may never take place.