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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

Xone

China China | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

http://www.xonedenverspreandtraingcenter.com/

Website

Rating Index

Contact

http://www.xonedenverspreandtraingcenter.com/

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
China
Operating Period
5-10 years
Company Name
Xone Denver Spreand Traing Center
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • xonedenverspreandtraingcenter.com
    45.60.151.183
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Company Profile

Company Profile

Review summary

Note: Xone's official website: http://www.xonedenverspreandtraingcenter.com/is currently inaccessible normally.

Xone Information

Xone is an unregulated brokerage company registered in China. There are some complaints and negative reviews about this broker, which make this broker untrustworthy to trade with.

Is Xone Legit?

Xone currently does not hold any valid regulatory certificates. Although it is incorporated in China, it lacks regulation from any recognized financial authority. Opening an online brokerage account can be an easy way to start investing and there are always risks in investing. But we can choose to stay away from certain risks.

Is Xone Legit?

Downsides of Xone

  • Unavailable Website

Xone's official website is currently inaccessible. It's anyone's guess whether it's still up and running.

  • Lack of Transparency

There is a notable lack of information about Xone available online. This lack of transparency can really dampen investors' enthusiasm.

  • Regulatory Concerns

Xone is not regulated by any reputable financial authority. Before choosing a brokerage, remember to consider the risk involved.

Negative Xone Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

Negative Xone Reviews on WikiFX

As of now, there is one piece of Xone exposure in total.

Exposure 1. Internet fraud

ClassificationScam
DateJanuary 10, 2022
Post CountryTaiwan

The user said that: “Internet fraud. This website has already been removed. Inducing fraud.”. You may visit: https://www.wikifx.com/en/comments/detail/202201106342528293.html

Conclusion

Lack of transparency is a huge barrier for beginning traders. Xone is not a trusted broker because it is not regulated by a financial authority with strict standards. If you want to stay safe, only sign up with brokers that are overseen by a top-tier and stringent regulator.

Company Profile

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

Is Xone a legitimate trading platform?

Xone Denver Spread Trading Center operates as an unregulated entity with a business scope officially listed as suspicious, indicating a high-risk profile. It holds no licenses from financial market authorities such as the UK's FCA, Australia's ASIC, or Cyprus's CySEC, meaning there is no credible oversight for client fund protection or dispute resolution.

04-02
United States

Is Xone regulated?

No, Xone is not regulated. The broker does not possess any verifiable licenses from major financial regulators worldwide, a status which contributes to its overall WikiFX Score of 1.50.

04-02
United States

Where is Xone registered?

Xone Denver Spread Trading Center is registered in China.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

04-02
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
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