Scam Victims Help has extensively researched the XJX Coin Review and found several red flags that every trader should be aware of. Read our XJX Coin review today to learn everything you need to know about this broker before signing up.
XJX Coin Review Review: Introduction
XJX Coin is an online trading platform that offers to provide trading services globally. They claim to offer more than 200 trading instruments to choose from, including forex, currency pairs (EUR/USD, GBP/USD, and AUD/USD), indices, stocks, goods (oil or gas), and precious metals like gold and silver.
They claim to be located in Switzerland, but we did not find any regulated license on their website. They provide an email address as a contact detail at email@example.com, but the phone number is missing from their website. If you want to start trading with an XJX Coin broker, first read this complete XJX Coin review to know more about this broker. Here, we share reasons why we called XJX Coin a scam and added it to our scam broker list.
Address: Lukastrasse 2, 9008 St. Gallen, Switzerland
Warning: The Central Bank of Russian Federation (Russia)
Regulation: Unregulated, Blacklisted
Is XJX Coin Legit or a Scam?
Broker’s license should always be the most crucial step while searching for brokers to use for your trading activity. The regulated license will reveal whether a broker is subject to centralized regulation or it is offshore and unregulated. XJX Coin pretends to be a legit broker, but the truth is different from their claims. They do not have any regulated license that proves that they are regulated. They received a public warning from the authority of – The Central Bank of Russian Federation (Russia).
XJX Coin Review Review: Trading Account and Conditions
XJX Coin offers three types of trading accounts for their users: beginner, standard, and premium. The minimum deposit for the beginner account is $1000, and its leverage is 1:20; the minimum deposit for the standard account is $25,000, and its leverage is 1:50; and the minimum deposit for the premium account is $50,000, and its leverage is 1:100. You can open a PAMM account and trade ETFs in the “Premium” tariff. Swaps, spreads, margin calls, and stop-outs have not been published, nor have the necessary margin requirements.
Withdrawals of profits typically take two days. If the balance was topped off with a credit card, the first withdrawal request must be made no sooner than one month after the credit card transaction. This time frame is cut in half when using electronic wallets.
The minimum deposit of the XJX Coin is very high because most legitimate brokers offer $100 as a minimum deposit amount and also offer a demo account to their users.
XJX Coin Review Review: Customer Reviews
We cannot find any customer review that is favorable on other review websites. We discovered that XJX Coin is a probable fraud after reviewing both the positive and negative XJX Coin reviews. We discovered that this broker may be involved in scam activities like cryptocurrency scams, forex scams, romance/dating scams, gift card scams, or other internet scams.
XJX Coin Review Review Conclusion
With a lack of information and a warning from the Russian authority, it is clear that XJX Coin is an unlicensed and unregulated scam broker. If you fell victim to the XJX Coin scam or another online scam, file a complaint for fund recovery. On our Scam Victims Help website, we provide a complaint form. Fill out the form and get a free consultation from our experts, and we’ll help you through the fund recovery procedure.
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