If you look at the Xnvest website, you may think you’re in the right place. The broker’s main page looks appealing, the firm mentioned many awards, and the overall feeling is that you’re dealing with professionals. Since we all know that feeling can deceive, we decided to provide you with a full Xnvest review and explain all about the firm.
| Broker status: | Unregulated Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | xnvest.com |
| Blacklisted as a Scam by: | N/A |
| Owned by: | N/A |
| Headquarters Country: | N/A |
| Foundation year: | N/A |
| Supported Platforms: | MT5 |
| Minimum Deposit: | $250 |
| Cryptocurrencies: | Available |
| Types of Assets: | FX, stocks, indices, cryptocurrencies |
| Maximum Leverage: | 1:100 |
| Free Demo Account: | No |
| Accepts US clients: | No |
What About Xnvest Regulation?
Xnvest is another anonymous broker on the financial market. The firm accepts only the EU clients, and you cannot access their main page from any other place. However, the EU regulators are pretty firm, belonging to the Tier1 zone. Thus, Xnvest should have solid regulation by the FCA, BaFin, AMF, or similar.
Upon review, we discovered that the brand is unregulated and we don’t have any basic details about the headquarters or the governing law.
Why Is It Important For A Broker To Be Licensed?
Any investment service provider needs a license to prove it operates according to laws and has certain standards. Otherwise, the company can vanish or declare bankruptcy while owners run with the money. Since Xnvest is not one of the regulated firms, it follows no rules, and it’s not responsible to any authorities. Often, these brands are based offshore or in Eastern European countries, hiding from any appropriate oversight.
To add to the foregoing, we seriously recommend you to avoid fraudulent brokers such as WealthsailingForex, Aax, and CryptoHold.
Traders Reviews About Xnvest
The company has been labeled a fraud, and many investors complain about its legitimacy. For instance, while you’re depositing the funds, they’ll promise you anything, but once you want a payout, account managers will simply stop responding or ensure that you lose all your funds in unapproved trades.
What Platforms Does Xnvest Offer? – Available Trade Software
Xnvest says to offer MT5, and it’s fantastic. MetaTrader 5 is a successor to MT4 and the platform with the highest number of charts and indicators. However, here’s the issue.
Xnvest Provides MT5
Each MT5 should be branded, with the company’s name and logo, so you know that you’re dealing with the right firm. The platform Xnvest provides indeed is MetaTrader, but without any special marks. It’s a generic MT5 that can easily be shared among five different scam firms, meaning that your funds and information can easily be exposed to a third party.
Accessing Your Bank Account With AnyDesk and TeamViewer
Besides links for the platform, Xnvest gave us links to download AnyDesk and TeamViewer. Account managers allegedly used this remote desktop app to show you the platform and explain how to use it. In fact, allowing them access to your mobile or desktop device means you’ve granted them access to your online banking, crypto wallet, and any other place where you may keep your funds. You can already predict what will happen after they have such access.
All About Xnvest Accounts
There are five different Xnvest account types.
The main difference is in the account manager’s seniority, access to different market assets, different platforms, and payment methods.
Xnvest – Countries Where the Scam Is Active
The broker provides its services mainly in:
- Canada
- France
- Netherlands
However, we’ve already seen that this broker has no license, so note that you can easily be defrauded wherever you are.
Xnvest Range of Trading Instruments & Markets
Clients have access to 4 major markets, including:
- Forex market
- Indices
- Shares
- Cryptocurrencies
Oddly enough, trading in commodities is not enabled, being a significant disadvantage.
So, you should avoid Invest Flow forex broker and similar brokers such as Investing Dream, Neural 4X and Trading 360.
Xnvest Minimum Deposit
The company requires a minimum deposit of $250 to start trading. However, you’re given only essential perks, and your account manager will constantly ask you to upgrade your account. As long as you play by their rules and invest more, you will be cherished. You may expect your investment account to be frozen once you say it’s been enough and submit a withdrawal request.
Xnvest Trading Conditions and Leverage
The broker has never mentioned any spreads or commissions, while the leverage goes up to 1:100. Knowing that the EU and the UK regulators have set a limit to 1:30 or 1:50 for the Forex market, you can already see how Xnvest goes against regulatory rules. Besides, the firm has mentioned non-deposited funds preventing you from withdrawals. Still, it doesn’t have a Bonus Policy where you can find the exact requirement to submit a withdrawal request after receiving a bonus.
Xnvest Deposit, Withdrawal Methods, and Fees
There are no specified deposit and withdrawal methods. We know that clients depositing the minimum can do it using credit cards, while others have more payment methods at their disposal. Of course, fees are nowhere to be found too. As you can tell, everything about this firm is blurry, including basic conditions.
Scammed by Xnvest Broker? – Let Us Hear Your Story
If you or someone you know has been scammed by an Xnvest broker, it’s time to let us know. Our chargeback specialists may help you file a dispute and recover what’s rightfully yours.
But What Is A Chargeback?
This is a way for your bank to reverse credit card transactions and recover your funds from the merchant. Contact us via online chat to book a free consultation, and let’s get your money back before it’s too late.