XtmeGlobaltrades Review – Money Sinkhole for the Overly Enthusiastic
Reading some of the text found on the xtmeglobaltrades.com website, you’ll get an impression of listening to a space alien that is desperately trying to pass for a human. Nearly all of it is just weasel words like “Our company conducts absolutely legal activities in the legal field”.
While this might seem humorous, even infantile at times, there’s still a dangerous illicit entity behind the site. See the remainder of our XtmeGlobaltrades review to learn how to recognise online frauds.
|Unregulated Investment Firm
|Is This Company Safe?
|Without any regulatory oversight and a valid license, this firm is not safe at all.
|Have Warnings from:
|Free Demo Account:
|How to Withdraw from This Company?
|Payouts could be stalled, prolonged or even denied, so feel free to consult our legal advisors for help.
Proof of Illicit Operations
The false address, where the company headquarters are supposed to be located, suggests the conduct to be under the supervision of the US regulatory bodies – CFTC and NFA. However, we’ve found no matches among NFA members. We’ve also tried looking through FCA, BaFin, ASIC, CySEC and SFC databases, but no results came up.
Investment schemes aiming to rob you blind are known not to provide segregation of funds, negative balance protection and limitations on leverage. These basic regulatory standards are not followed by any illicit company – Coinexab being one of the swindlers as well.
Scam Call Center
Judging from the WhoIs information, the site was launched in April 2023. Main targets of the scheme are citizens of the following countries:
- United States
Although site traffic is certainly low, it does not reflect the scope of the entire fraudulent scheme. The majority of action is performed by boiler room agents, which usually work by phone. These persuasion experts have a slew of tricks up their sleeve, all intended to steal the money from their victims in an as efficient way as possible.
All of the XtmeGlobaltrades reviews you see on the site are fakes as well, used in a similar fashion to how PhoenixTB operates.
No Mention of Fees
Attracting new victims is greatly facilitated with lies about no hidden costs and fee-free services. One reasonable question you could ask yourself in such moments is how the particular firm is even supposed to earn when everything is free? It becomes clear that it’s simply impossible not to charge any commissions on any single service.
While the fees and taxes are certain, the problem is the veil of secrets that surrounds them. Not a single fee is revealed, except the fee of $5 – $10 that occurs only when certain crypto currencies are used for deposits and withdrawals.
Several types of cash rewards are offered to all existing users that promote the company. When your referrals deposit, and earn a portion of the sum goes to you as well. Or so the scammers promise. Quite believable, isn’t it?
Either way, you will be allegedly rewarded with several types of bonuses from your affiliates. These are deposit commission, interest and investment commission, as well.
Can You Make Any Money Here?
As disappointing as it may seem, this question is not a tough one to answer. There’s simply no helpful tools to present or any investment plans you could buy on this portal.
The platform is completely flat and devoid of any real services and options that it’s painful to try and make any use of it.
Passive Charts Instead of Software
Reliable trading platforms are a rare occurrence on unlawful money-making websites. This swindler in particular has quite a sense of humor, as they try to create an illusion of trading going on.
The entirety of their web terminal consists of a TradingView chart that is basically just a watchlist. It is completely unresponsive, as you can’t use it to open any trades. The customization feature that does work is a standard option that comes enabled from the original site.
“Huge” Choice of Assets
The trading assets are offered as a cover-up, in order to make the victims believe they are participating in actual trading.
While the selection seems extremely large, we need to remember that all of this information comes from a completely different service which specializes in market news.
Thus, listing any of the allegedly available instruments is a moot topic.
No Info on Investment Plans
The only thing the website says about the XtmeGlobaltrades investment plans is that they exist – and even this is false advertising! In reality, you won’t find any investment options in the actual client dashboard, if you don’t count multiple prompts to deposit money.
Now, counting in the fact that neither a trading app nor any instruments are actually available, it’s unclear what a user can actually do with their invested cash.
Unclear Withdrawal Conditions
It seems that the cheats running the site could not decide on which amount to advertise for minimum withdrawal.
They went for a $10 minimum on the website since it would seem attractive, but then they remembered they gave away free $10 to anyone who signed up, so they changed it to $100 minimum in the dashboard.
Is either of these pieces of information actually true? Who knows, since the payout feature doesn’t seem to work in the first place! With that in mind, it seems that payouts are a no-go with this platform. To get your money back, contact our legal experts.
Nobody Cares About Clients
The quickest way to contact the customer service is to use the live chat, or at least that’s what these charlatans want you to believe. When we tried to ask a few questions, nobody bothered to answer them.
Other options include a disconnected phone number, a contact form and an email address. After a few hours of wait time, we still didn’t receive any reply.
Help is at Hand!
There’s no use crying over spilt milk. If you’ve lost money to an online investment trap, you should act quick and do what you can to regain your deposits. Besides contacting the local regulatory bodies and police department, you should also get legal advice.
Our professional chargeback team is at your disposal for whatever help and advice you might need related to issuing a dispute.
What is XtmeGlobaltrades?
The firm is an anonymous online financial services provider without a valid license for their activities.
Is XtmeGlobaltrades Legit?
Not a single aspect of this firm’s operations is legit or legal. They follow no regulatory framework at all.
How to Recover Money From an Investment Scam?
Although it may seem hard, it is still possible to recover lost investments with the help of our knowledgeable and experienced chargeback experts.