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Score

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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

Xone

China China | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

http://www.xonedenverspreandtraingcenter.com/

Website

Rating Index

Contact

http://www.xonedenverspreandtraingcenter.com/

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
China
Operating Period
5-10 years
Company Name
Xone Denver Spreand Traing Center
Website
Company Summary
Wiki Q&A
Comment

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Official Website

Website

  • xonedenverspreandtraingcenter.com
    45.60.151.183
    Server Location
    United States United States
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    --
    Website
    --
    Company
    --

Company Profile

Company Profile

Review summary

Note: Xone's official website: http://www.xonedenverspreandtraingcenter.com/is currently inaccessible normally.

Xone Information

Xone is an unregulated brokerage company registered in China. There are some complaints and negative reviews about this broker, which make this broker untrustworthy to trade with.

Is Xone Legit?

Xone currently does not hold any valid regulatory certificates. Although it is incorporated in China, it lacks regulation from any recognized financial authority. Opening an online brokerage account can be an easy way to start investing and there are always risks in investing. But we can choose to stay away from certain risks.

Is Xone Legit?

Downsides of Xone

  • Unavailable Website

Xone's official website is currently inaccessible. It's anyone's guess whether it's still up and running.

  • Lack of Transparency

There is a notable lack of information about Xone available online. This lack of transparency can really dampen investors' enthusiasm.

  • Regulatory Concerns

Xone is not regulated by any reputable financial authority. Before choosing a brokerage, remember to consider the risk involved.

Negative Xone Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

Negative Xone Reviews on WikiFX

As of now, there is one piece of Xone exposure in total.

Exposure 1. Internet fraud

ClassificationScam
DateJanuary 10, 2022
Post CountryTaiwan

The user said that: “Internet fraud. This website has already been removed. Inducing fraud.”. You may visit: https://www.wikifx.com/en/comments/detail/202201106342528293.html

Conclusion

Lack of transparency is a huge barrier for beginning traders. Xone is not a trusted broker because it is not regulated by a financial authority with strict standards. If you want to stay safe, only sign up with brokers that are overseen by a top-tier and stringent regulator.

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

Is Xone a legitimate trading platform?

Xone Denver Spread Trading Center operates as an unregulated entity with a business scope officially listed as suspicious, indicating a high-risk profile. It holds no licenses from financial market authorities such as the UK's FCA, Australia's ASIC, or Cyprus's CySEC, meaning there is no credible oversight for client fund protection or dispute resolution.

Two days ago
United States

Is Xone regulated?

No, Xone is not regulated. The broker does not possess any verifiable licenses from major financial regulators worldwide, a status which contributes to its overall WikiFX Score of 1.50.

Two days ago
United States

Where is Xone registered?

Xone Denver Spread Trading Center is registered in China.

Two days ago
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

Two days ago
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

Two days ago
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

Two days ago
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

Two days ago
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

Two days ago
United States
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