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XPro Markets -

Score

2.21 /10
Danger

XPro Markets

South Africa

2-5 years

Regulated in South Africa

Financial Service Corporate

MT4 Full License

Regional Brokers

Suspicious Overrun

High potential risk

https://xpromarkets.com

Influence

C

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Comparison

Quantity 12

Exposure

Time Machine
Website

Score

Regulatory Index3.51

Business Index6.30

Risk Management Index0.00

Software Index9.26

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

MY SCM
2022-01-01
INVESTOR ALERT LIST
XPro Markets

Broker Information

More

Company Name

Ukuchuma Financial Services (PTY) LTD

Company Abbreviation

XPro Markets

Platform registered country and region

South Africa

Company website

X

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Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2025-05-01
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

XPro Markets

South Africa

WikiFX Verification

Exposure

12 pieces of exposure in total
Pyramid scheme complaint
Expose
Resolved

Fraud platform that unable to withdraw

Fraud platform with huge spread. After registering, a bunch of customer service calls will come and let the teacher guide you to trade. You cannot withdraw money after refusal. .

2022-04-13 17:40
Unable to Withdraw

Unable to withdraw funds

I wanted to withdraw money but was rejected. The reason for the rejection was that the balance was not enough, which is not true at all! This was the money that the app said could be safely withdrawn at the time, but when I tried to withdraw it, I was refused! It's all a scam! Will all the principal be eaten?? Am I not going to withdraw at all??

2023-09-28 00:41
Unable to Withdraw

I don't see my money that I invested

I invested 3,472.00 dollars at the beginning they let me withdraw 1,489.23 and then they told me no, if I withdrew more I would lose the money that was left. I had 3472.00 left but now my money is gone, only 248.24 left. They told me that if I didn't invest more I would lose the margin. A woman of Peruvian nationality calls you and tells you what to do. I made one last withdrawal but as you see in the image it was left uncompleted. They didn't let me withdraw

2023-12-06 12:14
Resolved

Investment cannot be withdrawn! Promised to ask other departments to deal with it, but the account was blocked

At first, I saw on the website that you can make a deposit of 250 US dollars for investment, and also arranged an online teacher for online guidance. At the beginning, there was a 50-dollar withdrawal, but then they were told that they could not deposit 3,000 US dollars. The attitude of the other teacher was not very friendly at first. On the one hand, I was also very worried about not getting the money back, so I still cooperated with the other party, but when I made an appointment for the next class, the other party did not call. I sent an email, and the other party said that they would tell the relevant units for assistance, but there was no news after that. I logged in again and found that my account was blocked! I have $750 of my hard-earned money that has never been returned! I have also reported the case, hoping that more people will not be fooled!

2022-06-20 17:37
Resolved

All principal has been lost and cannot be withdrawn

I invested excessively in addition to the money I had originally. It guarantees a certain profit. I invested because I needed a lot of money, but even the principal is lost now and it is impossible to withdraw. Originally, the principal was guaranteed.

2022-04-28 15:32
Unable to Withdraw

I don't see my money that I invested.

I invested 3472.00 dollars at the beginning they let me withdraw 1489.23 and then they told me no that if I withdrew VAT I would lose margin. I would have 3472.00 left when I went to withdraw. They started calling me not to withdraw it because I would have a loss. I made a process to withdraw from one moment to the next. The money was already there, according to them, they had lost it.

2024-02-01 00:23
Unable to Withdraw

I lost money

I lost my money with this platform. My name was a lady of Peruvian nationality who told me to invest a certain amount of 3,472.00. At first they let me withdraw money and then after a while they called me to say that I couldn't withdraw more because if I didn't lose the margin I would have to invest more. so as not to lose the margin. I don't know what to do, it was a lot of money, that's what I had, please, if you could help me, I invested that money with my partner.

2024-02-08 01:07
Scam

Fraud

Last November 2, a woman named Luna contacted me who claims to be a broker for the company and I agreed to invest with download said They say that later and they put me off and they don't even answer the phone. I already made a withdrawal request on the platform and no one gives me a solution after the second transfer. A few days later a person calls me saying that they scammed me and asking me for the investment details. account numbers and let her see the screen of my phone remotely, which I did not agree to give her any information and after that event is when they no longer give me an account of my money, they do not answer or messages, the numbers are still in the platform continues to reinvest but I don't have access to anything and I want to withdraw the money before they disappear since they don't give me a withdrawal solution. In a few words I asked to withdraw a certain amount and they hid from me.

2024-02-03 14:09
Scam

Does not allow withdrawal of funds

I made a withdrawal and until now they are lying to me that they will move me to another department. Ten days have passed and my money has not been returned. It is a scam. They insult you and discriminate. Do not fall for this scam. They ask for my bank details, I have sent them in more than 10 occasions.

2023-11-02 18:24
Scam

Scam

After i Invest 250 the broker Rised up to 400 wich i can ser in my balance account. Then he told me he got an Equity of 12400 and to see the money i had to pay 2400 of taxes. I try to withraw without success and he told me its Impossible. I tried to send an email to support@xpromarket.co.uk but dont exist. I tried to send an SMS but allways says to try later. I didn't pay but i Lost 250 and even more if i pay the 2400...

2023-04-19 04:54
Resolved

Fraud broker unable to withdraw any money from their wallet. Donot invest with xpromarkests.com. Get aware of this kind of fake business

Wrong place to invest our money. Withdrawal of money is not at all happening. I have done so many request for withdrawing money. But no response. They cheat by forcing to invest 1000 dollars and above. Do not believe them and be aware of this. Fake business. I strongly recommend not to do trade with Xpromarkets.com. Do not invest money with them. They totally cheat you. Waste of time investing here. Wrong place to invest our money. Withdrawal of money is not at all happening. I have done so many request for withdrawing money. But no response. They cheat by forcing to invest 1000 dollars and above. Do not believe them and be aware of this. Fake business. I strongly recommend not to do trade with Xpromarkets.com. Do not invest money with them. They totally cheat you. Waste of time investing here. 

2022-08-03 19:30
Unable to Withdraw

Cancellation of withdrawal without any reason

It all started on October 17, 2023 when after some talks about how to use the platform, the Broker "Lucas Monfort" who I consider a fictitious name, "guided" me with the process to work the platform and generate profits. After talking, he managed to persuade me that if I deposited a sum of 3000 dollars they would reward me with 2000 dollars, I entered 3740 dollars to operate and indeed the market increased exponentially and thus generated a sum of 7700 dollars. The next day, October 18, 2023, the person Lucas Monfort called me from different numbers every minute and wrote to me through the Telegram application, he told me that he would cancel the profits to continue investing and it was at that moment where I began to read people's experiences. that once worked they generated a profit of 7,700 dollars, at that precise moment I began to read several reviews from people who had lost all their money with them so I refused to agree to the cancellation. He called me every day to do it and I didn't do it. On Thursday they deposited 300 dollars with me in order for me to release my profits, however I did not do so either, it should be noted that since Tuesday, October 17, my accounts appeared with the withdrawal pending. What happened next was that yesterday, Monday, October 23, he told me that we would operate with a bonus that had been approved for me, I agreed to work that money and I thought that maybe this way they could get the profits from them and they would release my money faster, however, minutes later, my account was negative, I had a debt of -1200 dollars where they told me that I had to deposit an amount of 1200 from my cards to compensate for that loss. I didn't do it, so they sent me an email telling me that my account had been completed, I logged in and everything was at zero, and minutes later they sent me another email CANCELING MY WITHDRAWALS due to "Insufficient balance." I started sending emails to request my money, I sent an email to the Financial Sector Conduct Authority in South Africa, since they are the country's superintendent, complaining about the case, however I have not received any response. I am afraid of losing this money since it was from a credit card, when I did not have this money in account and just like that out of nowhere I lost everything. The Broker Lucas Monfort calls me and sends me messages to invest more to recover that "lost" money when that was easily a SCAM. These people are not professionals, they only care about stealing your money, the system says that it takes 3 days to deposit, however this is the example where we see that it is not true... I hope you can help me soon, I need to get my money back.

2023-10-25 11:25
    XPro Markets · Company summary
    XPro Markets Review Summary
    Founded2019
    Registered Country/RegionSouth Africa
    RegulationExceeded
    Market Instrumentsforex, indices, commodities, shares, cryptocurrencies, and metals
    Demo AccountNot Mentioned
    LeverageUp to 1:400
    SpreadStarting from 0.9 pips
    Trading PlatformXPro Markets Webtrader
    Min DepositNot mentioned
    Customer Supportsupport@xpromarkets.com
    +27870948672, +27101573383

    XPro Markets Information

    XPro Markets is an online forex broker that provides access to multiple financial instruments for trading, including forex, indices, commodities, shares, cryptocurrencies, and metals. The company offers four different account types with variable spreads and leverage of up to 1:400 through the WebTrader.

    XPro Markets Information

    Pros and Cons

    Pros Cons
    • Allows for zero-commission trade
    • Exceeded regulation
    • Offers two account types and a demo account
    • Do not support MT4/MT5
    • Offers multiple assets to trade
    • Limited information on deposits and withdrawals

    Is XPro Markets Legit?

    XPro Markets once had a Financial Service Corporate license regulated by the FSCA. But it has already exceeded.

    Regulatory Status Exceeded
    Regulated by South Africa
    Licensed Institution The Financial Sector Conduct Authority (FSCA)
    Licensed TypeFinancial Service Corporate
    Licensed Number32535
    Is XPro Markets Legit?

    What Can I Trade on XPro Markets?

    XPro Markets offers many tradeable assets, including forex, indices, commodities, shares, cryptocurrencies, and metals.

    Tradable Instruments Supported
    Forex✔
    Commodities✔
    Metals✔
    Indices✔
    Cryptocurrency✔
    Shares✔
    Stock❌
    What Can I Trade on XPro Markets?

    Account Type

    XPro Markets offers five types of accounts: Classic, Silver, Gold, Platinum, and Vip, with different leverage and spreads. But the company does not offer demo accounts or Islamic accounts.

    FeatureCLASSICSILVERGOLDPLATINUMVIP
    InstrumentsAll AssetsAll AssetsAll AssetsAll AssetsAll Assets
    Swap Discount❌AvailableAvailableAvailableAvailable
    Margin Call100%100%100%100%100%
    Stop Out20%20%20%20%20%
    Minimum Volume Per Trade0.010.010.010.010.01
    Maximum Volume Per Trade5050505050
    Negative Balance Protection✔✔✔✔✔
    Free Support✔✔✔✔✔
    Free Trading Education✔✔✔✔✔
    Account Type

    Leverage

    XPro Markets offers a maximum leverage of 1:400 for all account types. When investing, notice that high leverage implies high returns, but also comes with high risks.

    CLASSICSILVERGOLDPLATINUMVIP
    FXup to 1:400up to 1:400up to 1:400up to 1:400up to 1:400
    Silver & Gold (Metals)up to 1:200up to 1:200up to 1:200up to 1:200up to 1:200
    Indicesup to 1:200up to 1:200up to 1:200up to 1:200up to 1:200
    Commoditiesup to 1:200up to 1:200up to 1:200up to 1:200up to 1:200
    Stocks/Equitiesup to 1:5up to 1:5up to 1:5up to 1:5up to 1:5
    Leverage

    XPro Markets Fees

    XPro Markets allows for zero-commission trade. Different accounts of XPro Markets offer different spreads. The EUR/USD spread starts from 0.9 pips for VIP account.

    CLASSICSILVERGOLDPLATINUMVIP
    EUR/USD2.52.51.81.40.9
    Gold2.82.82.321.4
    Crude Oil2.82.82.321.4
    Dax$0.14$0.14$0.13$0.12$0.10
    XPro Markets Fees

    XPro Markets's swap fees are applied at the end of each trading day. Notably, triple fees are charged on Wednesdays, while no fees are applied over the weekend.

    For example, for AUDCAD, where AUD is the base currency, holding a long position overnight incurs a swap fee of -59.02 AUD, while holding a short position incurs a fee of -58.22 AUD.

    XPro Markets Fees

    Trading Platform

    Trading PlatformSupported Available Devices Suitable for
    XPro Markets Webtrader✔IOS and AndroidInvestors of all experience levels
    MT4❌IOS and AndroidInvestors of all experience levels
    Trading Platform

    News

    ExposureWikiFX Review: Traders need to understand the current situation of XPro Markets

    XPro Markets is a South Africa-based broker. This broker claimed to offer clients a couple of financial instruments. It catches our attention because we recently received a complaint related to this broker. WikiFX has comprehensively reviewed XPro Markets from several perspectives.

    WikiFX
    2023-01-28 16:18
    WikiFX Review: Traders need to understand the current situation of XPro Markets

    ExposureXPro Markets Ignoring Withdrawal Requests

    Unable to withdraw one’s funds is by far the most worrisome situation that a forex trader could face. Therefore, it is crucial to spend time doing your due diligence before engaging with any forex broker. Use the free database and platform of WikiFX to verify your forex broker at ease.

    WikiFX
    2022-08-08 18:00
    XPro Markets Ignoring Withdrawal Requests
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    User comment

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    Comments

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    Rohit296
    more than one year
    My Account number is 70147179 @Xpromarkets.com are nothing but scamsters, they strategically invest in trades that will surely make loses and will never allow you to withdraw money. People in this company like Osaja, Mahir, Ali etc suck out all your hard earned money. If you are a fresher to trading, they will take complete advantage of this. Phase 1:You will be asigned a Senior Manager for your portfolio (in my case it was a fraudster named Osaja). He will speak in a vey friendly way and will show you high dreams, in a zoom call he will ask you to share your screen and make the initial investment, by this time he will know how much is in your account and he will plan his future steps accordingly. After the first investment is made, he will show you small profits of about 300 dollars and even allow you to withdraw 150 dollars, tis is when you feel everything is going fine Phase 2: Now that you have earned some money, your manager will show all kinds of charts and future planning and make you to believe that you will earn 3k dollars on a monthly basis, if you make a 2nd investment then this is the time he will start scamming you, they will knowingly make you invest in trades that will surely give you loses and will start bringing down your portfolio Phase 3: When ever you are in need of money and want to withdraw some amount, they will not allow you to do by saying and giving all sorts of calculations. This is the time you start loosing your capital and never recover
    My Account number is 70147179 @Xpromarkets.com are nothing but scamsters, they strategically invest in trades that will surely make loses and will never allow you to withdraw money. People in this company like Osaja, Mahir, Ali etc suck out all your hard earned money. If you are a fresher to trading, they will take complete advantage of this. Phase 1:You will be asigned a Senior Manager for your portfolio (in my case it was a fraudster named Osaja). He will speak in a vey friendly way and will show you high dreams, in a zoom call he will ask you to share your screen and make the initial investment, by this time he will know how much is in your account and he will plan his future steps accordingly. After the first investment is made, he will show you small profits of about 300 dollars and even allow you to withdraw 150 dollars, tis is when you feel everything is going fine Phase 2: Now that you have earned some money, your manager will show all kinds of charts and future planning and make you to believe that you will earn 3k dollars on a monthly basis, if you make a 2nd investment then this is the time he will start scamming you, they will knowingly make you invest in trades that will surely give you loses and will start bringing down your portfolio Phase 3: When ever you are in need of money and want to withdraw some amount, they will not allow you to do by saying and giving all sorts of calculations. This is the time you start loosing your capital and never recover
    Translate to English
    2023-08-16 12:57
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    Derekkk
    more than one year
    I cannot believe Xpro market’s official has been shut down this way… I registered a trading account here six months ago, and I didn’t trade often. Almost forget I have $500 in my account…
    I cannot believe Xpro market’s official has been shut down this way… I registered a trading account here six months ago, and I didn’t trade often. Almost forget I have $500 in my account…
    Translate to English
    2023-02-20 10:19
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