ANSWER Irrespective of the trading conditions, we strongly advise against using Xtrader365.This platform, which operates from Cyprus, is an unlicensed trading entity that lacks the necessary authorization. Its fraudulent activities have been identified by two financial regulators, the Belgian Financial Services and Markets Authority (FSMA) and the Comisión Nacional del Mercado de Valores (CNMV). Consequently, both watchdogs have included Xtrader365 in their warning lists: refer to the FSMA warning list and the CNMV warning list.Hence, it is prudent to avoid Xtrader365 to protect yourself from potential fraud schemes. We recommend investors to choose fully regulated brokers for a safer trading environment.
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