XProGlobal Review: All About XProGlobal.com Broker

XProGlobal presents itself as a reliable broker with an excellent reputation. However, it’s nothing else but a scam that takes advantage of inexperienced traders. XProGlobal is a fraudulent, unregulated forex broker that uses misleading information to dupe people into investing with it.

There are empty pages and useless photos. Instead of providing customers with basic details, such as the company owner and the license number, we see lots of fake praise and misinformation.

And in this in depth XProGlobal broker review, we will tackle all the misleading information this investment scam put to make themselves look legitimate.

Regulation and Safety of Funds at XProGlobal

First of all, there is no information about who owns or runs XProGlobal on their website. This means that whoever owns it can run off with your money at any time without any repercussions whatsoever.

XProGlobal doesn’t share any details in regard to its registration and regulation. Although we diligently looked for clues as to what regulatory authority this broker falls under, we have to admit that it hides its identity so well that it is virtually impossible to find a single detail.

No phone number, no address, no country of registration. In other words, no verifiable information to back up the claim that they’re legally operating.

In addition to anonymity, we found some concerning warnings about the XProGlobal trading scam. The first was issued in November 2022 by the Belgian regulator FSMA.

According to their announcement, the brokerage is aggressively promoting services and recruiting EU residents without any approval. This same warning was republished in Norway.

XProGlobal Trading Software

XProGlobal does not have a demo account option. Therefore, we signed up for a live account to get a sense of what their web-based trading platform looks like.

The platform itself is pretty generic as it’s just a basic Web Trader. As a matter of fact, there are tons of trading software options out there, so it’s important to know which ones are reliable so you can pick the best one for your needs.

Actually, the absence of any proven trading software such as MetaTrader4 or MetaTrader5 is yet another clear sign that you are about to get scammed.

XProGlobal Accounts Types

There are several XProGlobal account types, but the list is quite confusing. Here’s what the website discloses:

• Beginner 
• Professional
• Individual
• Corporate
• Joint

Your choice will depend on your expertise in the financial market and whether you trade alone, with your partner, or through your business. However, for all perks, you must contact the account manager.

All we know is that the minimum deposit is $250, but it’s not clarified whether for all accounts or some specific ones.

XProGlobal Demo account is not available. Scam brokers often pressure their clients to invest on the spot before they can realize what kind of fraud they are dragged into. Hence, no wonder we don’t have a risk-free account on offer.

Deposit and Withdrawal Options

XProGlobal claims to allow credit card deposits and withdrawals, but the deposit menu repeatedly displays an error message prompting us to contact website support for instructions.

Financial scammers often advertise conventional payment methods, but actually direct their potential victims to cryptocurrency transactions that do not allow refunds to be requested.

Luckily, credit card payments allow clients to file for chargeback within 540 days of the transaction. On the contrary, wire transfers, bank wire transfers, and e-wallet payment systems such as Skrill and Neteller payments are virtually final and irreversible.

Offshore Brokers’ Fraudulent Tricks

Ads that can be found online are full of fake stories promising easy earnings. Once you decide to leave your personal information in order to find out more about this, the agents will call you daily to try and convince you that what they are offering is a legit thing. 

Initially, they will ask for a “smaller” amount just enough to cover the minimum deposit requirement but if you agree, they will begin to persuade you to invest even more. Many think they are immune to these fake stories the agents are going to tell them or they will just sense if something is off, but in reality, it’s much harder to stay firm.     

These fraudsters pose as brokers to take advantage of the general public’s lack of knowledge of trading. And the agents calling are professionals who have many ways to get you on board with making an investment.     

So, in case you have ever been scammed by this broker, remember that getting your money back is possible but it just takes time. We would be thankful if you can share your experience with us since we can help you report your scammers to the authorities.

XProGlobal Summary

In today’s review, we covered XProGlobal and we realized that they are a scam broker that failed to provide even the most basic info like the company that owns them or their address.

They allegedly give their clients an opportunity to invest in forex, CFD, crypto, shares and many more markets, but don’t even provide a proper platform for this trading.

On top of that, their minimum deposit requirement is set at $250, which is a common tactic that scam brokers use, but legit companies usually ask for as little as $5.

It’s also important to note that the XProGlobal broker has been blacklisted by Belgium regulatory body FSMA which is a claim that should not be taken lightly. With this said, it’s best to stay away from this or any other scam brokers alike!

FAQs About XProGlobal Broker