Home -
XTrendSpeed -

Score

1.44 /10
Danger

XTrendSpeed

South Africa

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

https://www.goxtrend.com

Influence

D

Add brokers

Comparison

Expose

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.49

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

Rynat Capital (Pty) Ltd.

Company Abbreviation

XTrendSpeed

Platform registered country and region

South Africa

Company website

X

Facebook

YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2024-11-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • 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

XTrendSpeed

South Africa

WikiFX Verification

XTrendSpeed · Company summary
Feature Information
Company Name XTrendSpeed
Registered Country/Area South Africa
Founded Year 2-5 years
Regulation FSCA (suspicious clone)
Tradable Assets Forex, Commodities,Indices,Shares
Trading Platforms STrader and MetaTrader4
Customer Support Email at support@xtrendspeed.com

  1. What is XTrendSpeed？

XTrendSpeed is a forex and Contracts for Difference (CFD) broker that allows you to trade a variety of financial instruments including currencies, stocks, commodities, and indexes.They offer over 280 markets to trade on STrader and MetaTrader 4.

However, you should notice that the official website of XTrendSpeed, https://www.goxtrend.com/ is currently encountering functionality problems.

What is XTrendSpeed?

  1. Regulatory Status

XTrendSpeed is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, with license number 23497. However, there seems to be a note of it being a suspicious clone.

Regulatory Status

  1. Pros & Cons

Pros Cons
N/A Website Issues
Suspicious Clone

  • Website Issues: The official website of XTrendSpeed, https://www.goxtrend.com/, is currently encountering functionality problems. This can be a significant drawback as it hinder users' ability to access essential information, trade, or engage with the platform effectively.

  • Suspicious Clone: There are concerns about XTrendSpeed being labeled as a suspicious clone. This implies doubts or suspicions regarding the legitimacy or authenticity of the platform. Such concerns can lead to mistrust among potential users and raise questions about the security and reliability of the services offered by XTrendSpeed.

  1. Customer Service

XTrendSpeed offers customer support via email at support@xtrendspeed.com.

  1. Conclusion

XTrendSpeed is a forex and CFD broker with a variety of trading options (including currencies, stocks, and commodities) on their own platform or the popular MetaTrader 4.

However, the current functionality issues with its official website, coupled with concerns about being labeled a suspicious clone, are significant disadvantages. It's crucial for individuals to carefully weigh these drawbacks against any potential benefits before considering engagement with XTrendSpeed.

  1. Frequently Asked Questions (FAQs)

      2. Question: What can I trade on XTrendSpeed？

      Answer: XTrendSpeed offers a wide selection of over 280 markets to trade, including popular options like Apple stock, USOIL (oil), and the TECH100 index.

      Question: Is XTrendSpeed safe to use？

      Answer: XTrendSpeed claims to be a regulated broker, which offers a layer of security. However, there seems to be a note of it being a suspicious clone.

News

NewsS&P 500, Nasdaq Futures Tread Cautiously Before Key Inflation Data: Analyst Banks On Historical Tren

Caution clouded U.S. stocks before the opening bell on Friday as traders eagerly anticipated a crucial inflation metric, a key factor influencing the Federal Reserve’s policy decisions.

WikiFX
2023-12-27 16:02
S&P 500, Nasdaq Futures Tread Cautiously Before Key Inflation Data: Analyst Banks On Historical Tren

NewsNetease crashes 23% as China flags more online gaming curbs; Seen as an 'overeaction'

Shares of Chinese gaming giant Tencent (HK:0700) and smaller peer Netease fell sharply on Friday after authorities unveiled more regulations aimed at curbing player spending on online gaming.

WikiFX
2023-12-27 15:47
Netease crashes 23% as China flags more online gaming curbs; Seen as an 'overeaction'

NewsNASDAQ Announces Latest Nasdaq-100 Changes

Nasdaq (Nasdaq: NDAQ) today announced the results of the annual reconstitution of the Nasdaq-100 Index® (Nasdaq: NDX), which will become effective prior to market open on Monday, December 18, 2023.

WikiFX
2023-12-12 17:10
NASDAQ Announces Latest Nasdaq-100 Changes

NewsVisa shares rise amid positive market trend, nears year's high

Visa Inc (NYSE: V) registered yet another day of notable progress on Wednesday, achieving a consecutive two-day surge. The company's stock exhibited a growth of 0.47%, concluding the day at an impressive closing price of $248.11. This upswing comes despite the stock being just shy of its annual peak of $250.06, which was recorded on September 13th.

WikiFX
2023-12-04 18:38
Visa shares rise amid positive market trend, nears year's high
About More

User Reviews

More

User comment

2

Comments

Write a review

Bager
more than one year
I've been using xtrade speed for a few weeks now, and overall, things seem fine. The app is user-friendly, and there are plenty of bonuses and investment options, especially for beginners, including crypto, forex, and indices. If I manage to make some profits, I'll gladly come back and give it a 5-star rating.
I've been using xtrade speed for a few weeks now, and overall, things seem fine. The app is user-friendly, and there are plenty of bonuses and investment options, especially for beginners, including crypto, forex, and indices. If I manage to make some profits, I'll gladly come back and give it a 5-star rating.
Translate to English
2024-01-03 23:34
Reply
0
0
快手-提款机
more than one year
XTrendspeed, a trading firm I was contacted by a year ago, claimed to offer low spreads and $10 rebates per trade. However, their lack of regulation raised red flags, and I ultimately decided not to trust their promises. It's not surprising to learn they've since closed down. Traders beware - always do your due diligence before investing with any company.
XTrendspeed, a trading firm I was contacted by a year ago, claimed to offer low spreads and $10 rebates per trade. However, their lack of regulation raised red flags, and I ultimately decided not to trust their promises. It's not surprising to learn they've since closed down. Traders beware - always do your due diligence before investing with any company.
Translate to English
2023-03-27 10:08
Reply
0
0