Xsinergia Review Is Xsinergia.com Legit Or Scam Read Shocking Finds!

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Xsinergia Review: Is Xsinergia.com Legit Or Scam? Read Shocking Finds!

Xsinergia.com Review: this is the website of a Forex broker that claims to be operating out of Spain. Is Xsinergia a scam Forex brokerage? Read the disturbing details about this company that we found and shared below.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

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Going through the website, Xsinergia discloses that it is a subsidiary of Sinergia de Activos y Socios SL. The company is alleged to be based in Malaga, Spain. We are aware that trading in this region is under the watch of the CNMV. But when we checked, the company is not just unlicensed but also blacklisted.

Trading with a Forex broker that is unlicensed poses many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well. Unlicensed brokerages are not under any rules of traders and this puts traders in more risk than they will be in if they had chosen properly licensed ones.

Advantages of Xsinergia

The website promises that investing in Bitcoin with Xsinergia gives a daily profit of 3%. Also, clients get to use a trading bot to automate their trades, it is called, an automated arbitrage system. Blockchain technology is also mentioned along with an avenue to learn at the “Xsinergia University”.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

Xsinergia Trading Platform

There is no mention of the kind of trading platform used by clients of the Xsinergia Forex broker. We advise our readers to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

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These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating systems. All can be used on desktops, Linus, Windows, iOS, and Android.

Tools that come with these trading platforms are also found to be useful for traders. It has proven to be user-friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are not disclosed and we only found mention of one cryptocurrency, Bitcoin. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

The maximum leverage offered to clients is not mention and while some may seem generous, they are for beginners. High leverages can lead to huge loss of funds even when you know the market very well. not advisable. Spreads are not disclosed as well.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Xsinergia

The means of making deposits and withdrawals with this broker are not disclosed on the website. We are discouraged that e-wallets are not named because standard and legit brokers make deposits and withdrawals available via Visa, MasterCard, and Wire Transfer. Many offer e-wallets like Skrill, Neteller, UnionPay, FasaPay, and so on.

The minimum deposit required to trade with the X Sinergia Forex broker is $100 and we find that this is within the average of $100 – $250 common among legit brokers. Withdrawal fees are 6% of the requested amount. An activation fee of $15 is also demanded.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Blacklisted in Spain

We found that the company operating the broker has been mentioned as a possible scam outfit by the Spanish regulator, the CNMV.

See the picture above.

Is Xsinergia Licensed?

No. Xsinergia is not a properly licensed brokerage. The company operating it, Sinergia de Activos y Socios SL, is not regulated by the CNMV in Spain.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

To contact the broker or a representative of its customer care, send an email to [email protected]

Conclusion

Xsinergia turned out to be an unlicensed firm and also one that has been blacklisted by a European regulatory commission. It requires an affordable minimum deposit but does not disclose important details like trading conditions and transaction methods. The broker does not support the MetaTrader platforms as well.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

Xsinergia Review: Is Xsinergia.com Legit Or Scam? Read Shocking Finds!

Trading binary options may not be suitable for everyone and may also not be legal in your jurisdiction,make sure you are aware of the risks involved as there could be total loss of capital. Don’t trade with money you cannot afford to lose. Binary Options is prohibited by the ESMA. BestBinaryOptionsWatch.com cannot be held liable for any damage resulting from use of information on this website. The FTC Required Affiliate Disclosure: BestBinaryOptionsWatch.com is a professional review site that is independently owned and as such, opinions expressed here are our own. We receive compensation from companies whose products we review. However our professionals test each products thoroughly and recommend the best.

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