#Forex Pro Island scam review

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Forex Pro Island Bot Scam Review

Forex Pro Island Bot Scam Review OFFICIAL WEBSITE: www.forexproisland.com

The Forex Pro Island MT4 Auto Trading Bot was just released, and it does appear to be the real deal. However, as we tend to be, we are a bit weary of this new automated FX signals provider. After all, there are plenty of scams out there looking to take advantage of unsuspecting traders. The fact of the matter is that there…

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XTrade Review

Overview:

 The FX and CFDs broker Xtrade offers its customers only one universal account. The spreads offered are fixed and provided leverage is up to 1:400 on its self-developed web-based platform called Xtrader Pro. The Xtrade offers noteworthy trading facilities with the help of its Education Center and Xtrade Academy that facilitates video tutorials, electronic books, and other useful resources to all kinds of traders. Read further this Xtrade review to get an insight of this broker.

About Xtrade:

 The trading assets provided by Xtrade are FX pairs, many commodities, several indexes, also shares and stocks. It also provides CFDs trading on its self-developed trading platform. The head office of the Xtrade is situated on the island of Cyprus. The organization named Xtrade Europe LTD is the owner and the manager of trademark Xtrade. The Cyprus Securities and Exchange Commission, Cyprus regulates Xtrade Europe LTD.  

The operations of the Xtrade Group are also observed by Australian financial regulator ASIC, Belizian financial regulator IFSC and South African financial regulator FSB.  In addition to this, the broker also recently joined the Russian self-regulatory organization NAFD.

Also, to enhance its brand reputation the broker features famous footballer Cristiano Ronaldo as its brand ambassador. The minimum deposit required to access the basic account of the Xtrade, clients need to invest $100. This minimum deposit is according to the average minimum deposits in the current trading market. The broker facilitates fixed spreads with commission-free trade. The available spread is 2 pips on the FX pair of EUR/USD. The maximum leverage level is of 1:400 and can be treated as higher compared to the market average. This can increase the risk of loss to the invested funds.  

The Xtrade offers its clients with self-developed Xtrade Pro trading platform instead of a famous MetaTrader one. The trading platform is web-based and also supports the mobile application. It has a very simplified user-friendly interface with additional features like charting, indicators, and technical analysis. The Xtrade also features several bonuses and promotions. Readers can visit the broker's official website to know more about the bonuses and promotions as they are seasonal.  

 The payment and withdrawal processes are facilitated is by several channels such as all card types, bank transfer, and all sorts of e-wallets. The process is charge-free and can take up to 5 days to process.

Is Xtrade scam or legit?

 The broker Xtrade is regulated by CySEC of Cyprus. The offerings can fulfill the requirement of all traders. The Xtrade can be a forex scam as some complaints were observed against them and traders are advised to be cautious while trading with Xtrade.  

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CAPITAL88 SCAM BROKER REVIEW

Overview:

 The CAPITAL88 is an offshore forex broker. It provides six different types of accounts. The services of CAPITAL88 include Contract For Differences on many stocks, commodities, and foreign exchange. All the above services are provided on the web-based platform. Know every pros and cons of this broker in this CAPITAL88 review.  

About the CAPITAL88:

 The Basic, Bronze, Silver, Gold, Platinum, and Black are the accounts provided by this broker. $250, $2000, $4000, $10000, and $25000 is the minimum deposit required respectively. Like other fraud brokers, the CAPITAL88 also hides information on the Black account. The information on available spreads, maximum leverages provided, trade size, and cost of trading is also missing from the broker’s website.

 The major advantage we came across about CAPITAL88 is that it provides trade of all major and minor forex currency pairs including several commodities. The CAPITAL88 does not allow trading with binary options. This fact can be treated as an advantage as many regulated markets have banned binary trading. The payments and withdrawals at CAPITAL88 can be done by cards to e-wallets. The minimum deposit required are quite high as many regulated brokers provide the same services at a very low cost. Another fact of appreciation of CAPITAL88 is that it wants its traders to be educated and up to date. For this, the broker provides daily, weekly, monthly market insight and educational materials like video tutorials and E-Books.

 The disadvantages of CAPITAL88 include the following facts. The brand CAPITAL88 is managed by BT Ventures a Bulgarian company. Also, the client’s payment operation is handled by Marshal Island-based firms. We are keen to spread awareness about risks associated with offshore brokers. The investments in the offshore brokerage firms always have a high risk of an investment scam. Our research suggests that the broker CAPITAL88 is not licensed and regulated as no sufficient data is present. The withdrawal of the earned profit is not an easy task with CAPITAL88. As many terms and conditions are imposed on it. Some of them are, the requirement of minimum trading volume, a service charge of 3.5% and heavy maintenance fees. Furthermore, the highly anticipated and trusted trading platform the MetaTrader is not provided by this broker.

Is CAPITAL88 scam or legit?

The broker CAPITAL88 is not licensed and unregulated. Trader’s investments are prone to forex scams. Being unregulated it is hard to recover funds from this broker. Marshall Island is the favorite hideout of scam brokers. Undisclosed trading conditions are not welcomed. Several charges on withdrawal make it avoidable. Trading with a licensed and regulated broker is recommended.