XpresTrade Review – Invest With Xprestrade.com With Caution

So, XpresTrade seems like a total scam, and here is why. First, they charge crazy fees, and their trading software is lacking many features. And on top of all, their deposit methods are super sketchy. 
There are way too many red flags for Xprestrade to be legit. We’ll cover all the issues in our XpresTrade review.

Additionally, we strongly advise you to avoid the fraudulent brokers Abshire Smith, CertaInvest, and WaveSolutions.

XpresTrade – Trader’s Feedback on Brokerage Firm 

So, there’s this website called Xprestrade.com that’s been getting a lot of flak lately. Negative reviews are piling up from traders who have used this broker. We did some digging on our own, and we found out that this broker is up to some shady stuff.

We’ve added Xprestrade.com to our list of scam brokers that you should avoid. This conclusion is based on all the complaints, scammy behavior, and feedback from traders.

XpresTrade Offers MetaTrader 4?

We joined XpresTrade because they promised a fantastic trading platform. Yet, we were very disappointed when we tried it out. The web trading platform was too plain, by all means. 

It lacked many essential features of a professional platform like MetaTrader4 or MetaTrader5. We felt let down.

XpresTrade ‘s Trading Assets and Instruments

XpresTrade lets users can access the following markets:

• Forex – GBP/USD, USD/CHF, USD/TRY
• Indices – S&P500, NSDQ, FTSE100
• Commodities – copper, soybeans, natural gas
• Shares – AMD, NVDA, MSFT
• Crypto – DOGE, SHIB, ETC

The broad range of options may seem appealing at first glance. Yet, please try to understand the risks of investing in offshore companies. It’s more likely that you may not recover your investment.

Countries Of Service 

XpresTrade operates primarily in Canada, Japan, South Korea, Brazil, and Colombia, as reported by reviews and complaints. The bogus project, which started in February this year, has already spread widely. 

To avoid falling victim to the XpresTrade trading scam, it is advisable to seek out a safe brokerage to invest your money in. Always remember this. 

What Are The Different Account Types?

XpresTrade provides five different account types to choose from. They are as follows:

1. Classic – $250
2. Silver – $10,000
3. Gold – $25,000
4. VIP – $100,000
5. Black – $200,000

Yet, only the last two accounts offer advanced features to traders.  Also, the minimum deposit requirement is currently set at $250.

Can a Trader Use a Demo Account?

XpresTrade doesn’t offer a free demo account. Yet, a demo account is crucial. It allows you to practice trading with virtual money without any risk. 

With a demo account, you can trade stocks using virtual currency. It is a great way to learn how to trade stocks and develop your skills as a future trader.

XpresTrade Partnerships

Any partnerships with XpresTrade are likely to be fake. Fraudulent brokers often use fake partnerships to gain credibility and deceive investors. 

It is essential to verify the legitimacy of any claimed partnerships before investing your money. A reputable broker should have transparent and verifiable partnerships with trusted companies and organizations.

Terms of Service for XpresTrade 

This broker does not provide transparent terms and conditions to its customers. This lack of transparency can make it hard to understand the overall operations. 

It may also leave traders vulnerable to potential scams. It is wise to choose a broker that offers transparent terms and conditions.

Leverage, Spreads, and Fees

The spread for the benchmark EUR/USD pair is not cool, reaching as high as 3 pips. This is what we discovered upon registering on their website. XpresTrade offers leverage as high as 1:400. Yet it may not be trustworthy due to its unregulated status.

The fees charged by Xprestrade are not favorable, as the minimum fee per transaction is $20, which is exceptionally high. Regulated brokers rarely charge for withdrawals. That means that Xprestrade is a more expensive alternative. 

What Should I Do if I Have a Problem With Xprestrade?

Hey, first things first, it’s important to inform the authorities if you’ve fallen victim to a scam or fraud. So, reach out to local regulators and government bodies dealing with these kinds of issues. Don’t forget to deactivate your cards right away and give your bank a call to fill them in on what happened. They can give you some essential info and help cut further financial damage.

If you used your credit or debit cards to make a deposit, you might be able to file a chargeback. But be careful, as there are fraudulent chargeback agencies out there waiting to scam victims again – so proceed with caution.

Last but not least, sharing your experience can help protect others and give folks some insight into how these scams work. If you were scammed by this broker, let us know.