XchangePro Review – Scam Exchange That Lost Its License
This shady crypto exchange is operated under BlueData OU management. This company is established in 2018 with headquarters in Estonia. With this in mind, you might think that you will enjoy some kind of protection.
Thus, the company is not one of those that bother with security. Since they don’t provide literally any information about their operations. Read this Xchangepro Review carefully to learn more about crypto scams.
|Regulated by:||No regulations|
|Is This Company Safe?||No|
|Have Warnings from:||N/A|
|Registered in:||Australia (allegedly)|
|Trading Platforms:||Proprietary web-trader|
|Deposit Bonus:||Not available|
|Free Demo Account:||No|
|How to Withdraw from This Company?||
Depending on the funding methods there are several solutions. But the best option is to talk it through with our specialized team.
Legal info: Is Xchangepro legit or a Scam?
Xchangepro.net was operating with the license in Estonia. Thus, that’s the only one they had. Since they lost it in 2020. However, the company doesn’t have DASF (Digital Asset Service Provider) license.
Considering the missing license, you can’t expect any kind of protection. But generally, if you are not trading with a trusted and licensed crypto exchange you are in trouble.
Xchangepro User-Experience Reviews
For more than 5 years, it’s quite strange there are only 5 reviews about the company. At least on the Trustpilot platform. However, it’s more than enough to expose the Xchangepro scam.
In fact, all comments point out some irregularities. But mainly issues during withdrawals. Don’t miss out on the chance to get your money back by contacting our specialized team for assistance.
Who are Xchangepro clients?
As can be seen, the company doesn’t have any country restrictions. So, wherever you are coming from, you are not safe with the Xchangepro scam company. Their scammed clients mainly come from:
- United States
With 3 strictly regulated countries, it’s just a matter of time before regulators expose them. Before that, you are on your own and our suggestion is to get the money out of there. Yet, if you get issues during the withdrawal procedure contact our team for advice.
Xchangepro Fees and Commisions
Generally, legitimate crypto exchanges provide customers with fully transparent costs. Whether for deposit and withdrawal or trading fees. On the other hand, scam companies tend to hide as much information as possible.
For this reason, information about Xchangepro fees is not available. But also, the Xchangepro login option is available for existing clients.
Xchangepro Trading Features
Xchangepro site provides quite dull information about trading software. Even though promotion appears in the form of a mobile app, there is no such app in trusted stores. Most likely the company provides you with third-party software or web-based one.
Trading companies are growing like mushrooms. On every corner and every part of the world. But you need to catch up with new tricks. Therefore, read our UltraBrokerz review.
Is Xchangepro legit?
No. The company is completely mysterious and its transparency is close to zero. But even the information provided by the company is irrelevant to the business. On top of that, there are many negative reviews.
Available Trading Assets
According to the advertisement, the company is specialized in cryptos. As the fastest-growing investment class, cryptos quickly became very popular. With fast potential returns are coming fast losses as well. Especially with shady companies like Xchangepro.
Mobile Trading App
Even though it appears that the company has a mobile app, such an app doesn’t exist. But even if it does, it wouldn’t be comparable to licensed and trusted exchanges. All the information provided on their app would be unsafe and open for sale.
A huge downside of the Xchangepro platform is missing a demo account. Investors can’t see what features their platform offers and if that suits them at all. Instead, the company went for the anonymous way.
If you are expecting an education from a scam crypto exchange, you are in the wrong place. In fact, they can only teach you the wrong side of investing. Most likely the one that suits them the most. Luckily, this company doesn’t offer any educational program that would ruin your investing knowledge.
Since the company doesn’t provide information about funding methods, what to expect for withdrawals. On the positive side, if you are doing a purchase with a debit or credit card, you are good. Simply, because you can file a chargeback within the first 540 days.
However, with more and more alternative methods, such an option is not possible in many cases. Considering the company’s low transparency, most likely you won’t have the option to withdraw any of the funds.
Even though contact options look legit, don’t hope much for it. In general, you can try reaching this company via phone, e-mail, an online contact form or live chat. But their response solely depends on the reason for your call.
If you want to deposit the money, you can expect kindness. On the other hand, if you are reporting an issue you can forget about the assistance.
Key Information To Consider About Xchangepro?
Firstly, the company is based in Estonia and doesn’t have a DASF license. Secondly, the company doesn’t provide transparent access to the investing platform and doesn’t offer registration on the website. Most likely new investors are lured through catchy adverts. Lastly, many traders reported withdrawal issues. Which is a major warning sign and a reason to avoid the company.
We are hoping that you didn’t invest any money here. But if you did, contact us as soon as possible. Our expert team is equipped with the necessary knowledge and technology to assist you with the refund procedure.
But most importantly, you don’t have any obligations. Not even costs for the first consultation. So, you decide. Do you want to get back your hard-earned money or not? We are waiting for your message.
Is Xchangepro Trustworthy?
No. Xchangepro company is just losing its credibility and reputation over time with its customer service and withdrawal issues.
What Is Xchangepro's Official Website?
The official website that the company is using is xchangepro.net and operates since 2018.
Where Are Xchangepro's Headquarters?
Xchangepro headquarters is in Estonia. Thus, the company doesn’t comply with European laws and regulations. If you had any irregularities with them, contact us to find the solution.