XTrade Cash Scammer Review: Deception Scheme
Information about XTrade Cash
According to former clients of XTrade Cash, the company is considered a notorious scam. The website xtrade.cash claims that the business started in 2003, but in reality, this cannot be true. In fact, this web resource is a plain deception. Let’s explore how this scheme operates and how to avoid problems with money loss.
General Overview of XTrade Cash
The brokerage firm XTrade Cash offers its services on the website xtrade.cash, where contact information is absent except for an email address. The site lacks unique content and fails to attract traders of varying experience levels in the market.
Similar fraudulent sites are created using a common template, merely changing the name of the brokerage firm and images. When viewing similar sites, as listed below, you can observe their identical design:
- MultiCapital Trade,
- BXTrader,
- US Trade Cash,
- Mgbroker Trade,
- TheForex Cash.
All these companies represent fraudulent schemes, and XTrade Cash is no exception. As soon as a site gains a poor reputation among traders, it is closed down and a new one is created to lure money from trusting clients.
Fraud Scheme of XTrade Cash
The essence of the XTrade Cash fraud scheme lies in deceiving clients into further depositing funds. Managers regularly call clients, persuading them to transfer a specific amount or take a loan. They promise enormous earnings with no risk, as well as assistance from professionals.
Reviews about XTrade Cash
The reviews from real traders about XTrade Cash are highly negative. After profitable trades, there is a sudden shift in the situation, and the client loses all the funds invested in the deposit. The fraud scheme is quite effective: when a certain amount is reached in the account, employees withdraw the money, showing that the trade was unprofitable.
Conclusions on XTrade Cash Review
After conducting research and analyzing client feedback, it became apparent that XTrade Cash is a fraudulent company. Insufficient information and unfavorable terms of the user agreement indicate the company’s dishonesty. The primary goal of XTrade Cash is to extract money from clients’ accounts. Therefore, we recommend refraining from cooperating with this company if preserving your funds is important. Author: Sasha Chaika
I am thoroughly dissatisfied with XTrade’s brokerage as their cash scammer scheme is nothing short of deceptive and fraudulent work.
I had a disastrously negative experience with XTrade. The level of unprofessionalism and deceit was utterly shocking. Communication was poor from the start and I had difficulty receiving responses to my inquiries. Worse, they made enticing promises of huge profits which led me to invest more than I had initially planned.
This company has a complete lack of transparency. When I started to lose money and wanted to withdraw the rest of my funds, they made it incredibly difficult and kept throwing up roadblocks.
Worst of all, I later discovered that they are not even properly licensed nor regulated. I feel cheated and conned out of my hard-earned money. This was a deception scheme par excellence. I caution everyone to stay well away from XTrade. They are nothing but cash scammers who take advantage of unsuspecting individuals.