Xnvest Review: Be Careful With This Scam Broker
What exactly is this unscrupulous trading scam all about? Xnvest is an unregulated, anonymous broker that has already been blacklisted by a reputable European regulator. The website looks quite credible. However, bear in mind that fact-checking reveals that this broker is just another unimaginative scam.
For more information on this broker or to learn how to tell a scam from a legitimate broker, read the full Xnvest review below. Stay tuned!
|Up to 1:100
|UK, Canada, and Belgium
Is Xnvest a Legitimate Broker? Regulation and Safety
Xnvest is a typical fake broker that uses irrelevant contact information to trick clients into thinking it is based in multiple countries (UK, Canada, and Belgium). However, these brokers only mention these jurisdictions to fill the gap that would otherwise raise suspicion. There is no evidence that Xnvest is regulated in any of the aforementioned countries, especially those considered FX global centers.
In addition, the combination of a bunch of very shady short legal documents raises more questions than it answers. This is the unwritten rule.
All in all, we consider Xnvest to be an anonymous broker, which makes it even more dangerous than we originally thought since all transactions here are untraceable. If you cannot trace your money, you have no way of getting it back. Or, it rarely happens.
This coupled with the anonymity of this broker and the warning issued by AMF (French regulator), makes it clear that this is a typical unlicensed broker.
Trading Software Available at Xnvest
The web trading platform of this broker is completely lacking all the necessary features.
It’s extremely suspicious that the only thing users can do on this platform is one-click trading. To make matters worse, the trading chart is provided by a third party. This means that the asset details displayed may not even be accurate. This goes without saying.
Only scammers would use such cheap techniques. Avoid this so-called platform at all costs.
Xnvest Trading Instruments Available
Xnvest is a broker scam that claims to offer opportunities for investors to grow their portfolio through CFD, Forex, OTC, and Crypto trading, among others.
Their web page allegedly provides access to quality financial trading materials and educational resources that can help users make profitable trades. Still, how can this be true when there’s a lack of a real trading platform? That says it all!
Tip: Don’t waste your money on products that are untested and don’t work. There are a lot of people and companies out there who will try to sell you systems that claim to make money, but they’re just scams. Keep this in mind! Be careful and only buy products that have been proven to be effective.
Xnvest Deposit and Withdrawal Methods
The user area on the Xnvest website says that customers can invest using a Bitcoin wallet. We also found that the minimum withdrawal amount is $100. However, we can’t verify any of the other payment details because they’re all taken from the site, and they could be false. Keep this in mind!
The minimum deposit is said to be $250. However, this could be false as well. We know only one thing for sure: there is a very shady clause in the contract. The clause states that profits will not be available for withdrawal, which begs the question: what is the point of investing?
This clause is evidence that Xnvest is useless as both a broker and a service provider. There are further stipulations in this clause that make it even more ridiculous.
Fraudulent Practices of Offshore Brokers
Investing in the financial markets can be a very effective way to make some money. This is true! However, there are also a lot of scammers out there who are looking to take advantage of people who are inexperienced.
These scammers create fake websites that pose as brokerage firms but provide no real benefits or services. If you provide them with your contact information, they will keep calling you and trying to convince you to give them your money.
In most cases, you will never see any profits, and you may not even be able to withdraw your own money. So be aware of these scams and don’t let yourself be taken advantage of.
We can confirm that Xnvest is a scam FX broker. There are many reasons for this, as you can see in this article. For instance, the website’s lack of transparency makes it difficult to identify its owner.
We would appreciate it if you could share your negative experiences with this or any other fraudulent broker with us. By doing so, you will be helping others avoid being scammed. This is vitally important.
FAQs About Xnvest Broker
Is Xnvest Regulated?
This broker does not seem to be regulated. Based on what we can find online, this broker may be a scam. Additionally, there is evidence to support this claim.
Is my Money Safe with Xnvest?
No, it is not. Keep in mind that your funds will never be safe with this broker scam. So, it’s best to avoid it.
What Is The Minimum Deposit for Xnvest?
The minimum deposit amount that this broker scam shows on their web page is $250.