Xtrade Brokers Review

Read our Xtrade Brokers review to see if we recommend this broker for trading. Just to clear doubts, this is a xtr-brokers.com review.

Who are they?

After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.

So Xtrade Brokers is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.

How does it work?

Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.

Withdrawing funds

You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.

If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.

How to get your money back?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.

What about wires?

If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.

Make sure you leave reviews about Xtrade Brokers in other sites

Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.

Xtrade Brokers Review Conclusions

Making the Xtrade Brokers review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Xtrade Brokers review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.

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40 COMMENTS

  1. Yes absolutely a scam do not give them anything..do not deal with a guy calling himself Bruce Calloway he is from South Africa. Big scam

  2. A lady named Sara Novak tried very hard to get me to invest yesterday. I did not feel very comfortable with the situation and ended the call. But now they keep calling me.

    I am so glad I found this review.

  5. I Just got scammed by xtr brokers and lost A lot Off money.natalie belsky andy miller jessica jones and amir. That r the people that i was in touch with

  6. George:

    I was first contacted and was told I only needed $250(US) to open the account. Then came the big con Man Bruce Calloway (the South African). He got me to invest $1500 and showed me some good returns, and it went from there.

    He is a very smooth talker PLEASE be careful.

  7. My friend got ripped off by this pack of thieves. They prey on ignorance and lure potential clients assuring them their platform is a path to riches..

  8. XTR brokers are scammers they need to be brought to book they are criminals deceiving people and their platform is still doing many havoc to more people, something need to be done to bring these scammers to book.

  9. Bruce Calloway called me 5 x times a day, just invest $250 then $1,000 then shows good return to then ask for $10,000. i first requested to have $1,000 withdrawn so i can see if it works. that’s when Bruce disappeared. Massive scammer.

    He disappears

  10. Scam for sure.

    They have an impressive tradingplatform which makes you think it is legit.
    Problem starts when you wish to withdraw funds, they claim that you must install “AnyDesk” on your computer so that they can assist you with the withdrawal process… yeah right…

    Any legit broker would only require an IBAN account number (preferable the same account that you used when depositing the funds).

  11. Very bad experience. When I didn’t agree with Ethan Navarro he said, amongst other things, that I was a piece of shit. I’m trying to get my $250 back. Very odd and confusing place to deal with. He used 400 leverage and lost it all in 22 minutes, plus I owed money. I thought he was teaching me, not gambling with my money. He’s stopped calling and replying to email.

  12. I’m victim Natalie Belsky is scamer. She took my $88,000 and she disappear. Don’t trust this company. She make my life and family suffer because of her. She make people feel she is trying to help make a big profit but after she took. No more contact totally disappeared. I get very angry with her and I will never never forgive her for the rest of me my life. Natalie Belsky go to hell.

  14. Hi, I’ve been recently scammed by Bruce Calloway and Jessica Jones. I honestly thought it was legit. Until things started becoming weird. I called them out and once I mentioned scam, they cut me off from everything. I’m currently in the process of getting my funds back.

  15. I was initially called by Natalie Belsky who said that another guy would call me. Another guy by the name of Glenn Stewart did call me & convinced me to make 3 separate payments totalling just under $12500. Glenn Stewart said that the head trader Niki Markovich would be in contact with me which he was for a while. I’ve been asking where my money is with no reply. Please help me get my money back.

  16. 100% scammers, everything occurred exactly as described above…
    In the begin everything looks normal for the untrained eye, as long as they feel they can get more money out of you they will make efforts to schedule daily calls through Anydesk.

    Btw: after a few months they change the domain name of the website, making it difficult to track down their webpage and access your profile again. Money lost!
    These scammers are in business of robbing your money not earning it for you!
    Dealed with Ross Mitchell and Dominic something, scum of the earth!

    • Ross Mitchell!
      I have been scammed by him of a BIG amonunt of money. He is the worst. VERY interested in your personal life and play with your feelings to the utmost level. So skilful!!!
      Had contact with him for 3 1/2 months.
      I was completely brainwashed.

    • Tony,
      Did Ross Mitchell introduce the company and himself in the beginning?
      Did you have contact with his “secretary” Silvia Anderson”?
      For me he spoke about the legit X-Trade Brokers In Canary Wharf in London.

  17. Hi Nicki, can you please let me know how you can get funds back? Also, has anyone here had any luck establishing where these people are based and who they actually are?

    • Jason…Be very carefule trying to get your funds back, places like “my Charge Back” a lot of these are just sams upon scams.
      I lost a lot of money causing great stress and pressure on my family…just gotta accept its gone basically, and that we are victims of scam.
      The money, is gone.
      But you still have your brain and breath, and your not alone…it sucks, but we start again now mate.
      PS…if some how you find out where these people actually are ( im thinking Malaysia or Phillipines) let me know..pls

  18. DO NOT TRUST THEM… Have been scammed by Trcayw and Jefferyw.. they have taken a lot of my money and when requested to withdrawl, kept asking for more and more. They should be completely shut down.. lastly they wanted me to deposit $20k usd in credit taxes to get all my money back. I did not pay the monies and they shut down my account. They have changed their domain from xtr.brokers.com to x-trbrokers.com …. What legit company does that !!

  19. I have also been scammed! And have lost A LOT of money!!

    After a BIG profit – I was asked to pay tax, (I did!) then money for “WhiteList” my wallet. Mow my money is pending in BlockChain, while the keep asking me for more money.

    I am deeply ashamed! And angry of course.

    IS THERE ANYONE who have found ways/tools to get your money back? HOW?
    Anyone who has used the companies offering free consultation if you have been scammed?

    I have contacted BlockChain, the local finance authorities in Sweden where I live. I will also contact Revolut, and CoinBase

    (1/5)

      • No Sam, no solution yet.
        It’s insane that those people is still around operating;-(

        IS THERE ANYONE HERE WHO HAVE SUCCEEDED TO GET A GRIP AROUND THEM?
        The name on my “broker” was Sonia Mikkelson and her boss Alan, with whom I had contact through WhstsApp and telegram

      • Sam, nothing has been solved. Police has not yet put an investigator on it. I reported the scam in the end of november!
        Which country do you live in?
        Best regards
        Lena

        • Lena, I am one of those who got scammed by X-trbrookers and lost money. I live in Sweden, Gothenburg. It would be interesting to get in touch with each other and compare our experiences. I don’t know if I can leave contact details in this email or how to send you a private email.
          Ruta Skrapste-Malmqvist

  24. Can’t get my money out – even the initial deposits.
    Dealt with Natalie Belsky, Andy, Eric and finally Amir.
    Stay away from this company – sharks, all of them.

  25. THey tried hardly to get coin from me But Never, I felt it since the start they are scammer.. a as soon as they try to put pressure on me to make 1st deposit I knew it. I Havent given them not even a coin!

    (1/5)

  27. Yes, I experience it myself. They will drain all your money and make you lose. And then they will ask you for more to recover. Then they will make you lose again.

  28. They’re are heartless they control everything. They can stop you from using i.e. a short or buy position. I have found they also can close a stock so no one can trade them on specific days. I withdrawal some money from my account to check how their withdrawal system works. Once i received money and it was credited after 25% of deductions from withdrawal amount Also take several days, if you want to trade with no issues better go with broker with no issues like benarmstrong-trades and others.

    (1/5)

  29. X-trbrokers (they have changed their names several times) called me last year 12:th September after I had answered that I was interested in cryptocurrency in Facebook (or Instagram). I didn’t realize that the link address I had clicked on was not the caller’s.
    I admitted them to use AnyDesk so they could ”help” me, which meant I was registered to Binance, Revolut, Instantbillspay, Coindeck etc. Quite confusing transactions to me, but I was given the explanation that it was all necessary to buy bitcoin.
    Names they were using: Dominic, Silvia Andersen, Richard Green and several more.
    I really am ashamed that I was so thrusting in the beginning. I didn’t understand what they could do with such permission and I lost a lot of money. But not enough lost money to have the Swedish police interested to give any help.

    I got no help from my bank. On the contrary. My bank (ICA-banken in Sweden) treated me like a criminal. They closed my account and suspended me as a customer. I had to apply to another bank and that alone caused me a lot of trouble.
    I felt so terribly alone, like a Don Quixote, fighting alone against overpowering windmills.

    In December, just before Christmas, I was contacted by a person who called himself Richard Green, but today I suspect I probably was communicating with the same person with different names.
    I got the following mail (because I knew they were fraudsters and refused to any other way to communicate) and wanted to believe that there could be at least one honest person in the other end and thus a small possibility to get some of my money back

    Copy:
    Hello , My name is Richard Green, Head of Finance. I am contacting you regarding your investment account “XTbrokers.net” “XProGlobal” According to our records, you were unable to withdraw your capital. We are looking for a phone meeting with you to solve your problem.
    End of copy

    I did not permit him using AnyDesk, but admitted him to use TeamViewer, because I thought it was a program where the other person only could look at your screen. I was wrong. I still can not understand how they were able to withdraw money to Revolut from my accounts, without my seeing it on the screen and without me confirming the withdrawal.

    Beware of scammers like these people! I hope my story will save somebody in the future!…

    (1/5)

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