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XXLMARKETS

WikiFX | 2024-10-23 17:51

Abstract:XXLMARKETS was founded in the United Kingdom in 2021. It offers various trading assets, like forex, stocks, CFDs, indices, and commodities. Besides, the maximum leverage is up to 1:500. However, the high spread starts from 2.3 pips. And it is not regulated.

Note: XXLMARKETS' official website: https://xxlmarkets.com/ is currently inaccessible normally.

XXLMARKETSReview Summary
Founded2021
Registered Country/RegionUnited Kingdom
RegulationNot regulated
Market Instrumentsforex, stocks, CFDs, indices, and commodities
Demo Account/
LeverageUp to 1:500
SpreadFrom 2.3 pips (Bronze account)
Trading PlatformMT4, Web Trader, Tablet Trader, Mobile Trader
Min Deposit$500
Customer SupportContact form
Phone: +44 7441427348
Email: support@xxlmarkets.com

XXLMARKETS was founded in the United Kingdom in 2021. It offers various trading assets, like forex, stocks, CFDs, indices, and commodities with leverage up to 1:500 and spread from 0pips. However, it currently has no any valid regulations.

XXLMARKETS' homepage

Pros and Cons

Pros Cons
Various trading assetsNot regulated
Popular trading platform MT4Wide spread
High minimum deposit
Lack of transparency

Is XXLMARKETS Legit?

XXLMARKETS is not regulated by any financial authorities, even the local FCA shows no results about it. It means traders have the risks of being cheated. Traders should be alerted when trading.

Domain information

What Can I Trade on XXLMARKETS?

Tradable Instruments Supported
Forex✔
Stocks✔
CFDs✔
Indices✔
Commodities✔
Options❌
ETFs❌
What Can I Trade on XXLMARKETS?

Account Type

XXLMARKETS provides three account types: Bronze, Silver and Golden.

Account TypeMinimum Deposit
Golden$25000
Silver$10000
Bronze$500

Leverage

The leverage of XXLMARKETS is up to 1:500. High leverage always comes with high profits and high losses.

Spreads and Commissions

The spreads of XXLMARKETS are the same in the Bronze account and Silver account starting from 2.3 pips, and commissions are free for these two accounts. But the spread on the Golden account starts from 0.0 pips, and requires a commission of 1.2 pips per closed lot.

Other Fees

The only fee specified in the Customer Agreement is that for an inactive account – 60 USD per month.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4✔Desktop, Mobile and WebBeginners
Web Trader✔WebExperienced traders
Mobile Trader✔iPhone and Android
Tablet Trader✔Web
Trading Platform

Deposit and Withdrawal

XXL Markets claims it can be pay through VISA, Mastercard, Web Money and Skrill, but in reality the only payment options appear to be bitcoins, bank wire transfers, and some obscure payment provider called Virtual Pay.

Payment options
LeverageBrokerDealer

Related broker

No Regulation
XXLMARKETS
Company name:XXLMARKETS
Score
1.44
Website:https://xxlmarkets.com/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.44

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