Xeodis Broker Analysis

Xeodis invites you to join to experience exceptional trading. With over 2,000 assets at your fingertips, isn’t this what seasoned traders desire most? Well, let’s take a closer look to see if it’s worth your time. Who knows, it might turn out to be a scam project with not-so attractive trading conditions? Read our review for all the details.

Xeodis General Information

Registration and Client Portal Review

Xeodis has created a somewhat unattractive website for itself. Specifically, we find the design very off-putting. The creators have opted for dull colors with minimal bright accents. As always, there are template images of charts and, of course, happy traders in the background. As for the content, it’s also quite questionable. There’s very little information about the company. Its history is not provided, and no additional facts are mentioned whatsoever. Moreover, some links on the website don’t open at all, which is very strange. Could it be that the broker couldn’t properly finalize its website? By the way, it’s only available in English.

Xeodis offers a fairly straightforward registration process. You need to fill out a complete questionnaire, including not only personal data and contacts but also your address and even your date of birth. These requirements are standard for many brokers. However, here’s the problem: you won’t be able to complete the registration with Xeodis.

The broker will eventually show you an error, and that’s it. To resolve this issue, you’ll need to contact customer support. The exact reason for this complication is unknown to us. Perhaps it’s because you need a promo code, or maybe the company simply doesn’t want to open registration to everyone. In any case, this isn’t very good because reputable licensed brokers usually take a more transparent approach to their duties, and verifying their portals is usually quite simple. Here, however, we encounter a brick wall.

Xeodis Trading Conditions

As we recall, Xeodis has been assuring us of its exceptionally favorable trading conditions. Well, let’s take a closer look at them.

Account Types Review

In our examination of Xeodis, we must address its segmented account structure, purportedly tailored to meet the diverse needs of its clientele.

• The Beginner account, requiring a minimum deposit of $250, appears to be the entry point for novice traders. However, its basic market access and limited features may offer little more than a superficial introduction to trading, potentially leaving beginners ill-equipped to navigate the complexities of the financial markets.
• Moving up the ladder, the Standard, Intermediate, Advanced, and Integral accounts boast progressively higher minimum deposits, ranging from $5,000 to $250,000. While these accounts promise increased market access and additional features, such as advanced charting tools and market analyses, the steep investment requirements may deter all but the most affluent traders.
• Finally, the VIP account stands as the pinnacle of Xeodis’ offerings, supposedly catering to elite traders with exclusive features and premium support. However, the exorbitant costs associated with this account may raise questions about its true value and accessibility to the broader trading community.

Additionally, the broker lacks a demo account option. Furthermore, the leverage offered here goes up to 1:200, which is actually a very high value considering that reputable regulators prohibit such high leverage ratios.

Trading Platform

Xeodis offers a proprietary trading platform that is available for download on computers, mobile devices, or can be accessed via the web version. However, there’s a catch. Traders cannot access the platform without a registration, including downloading it. The issue lies in the fact that all platform links are located within the personal account. They are not available on official marketplaces. Consequently, questions arise about the proper licensing of this software.

Xeodis — Deposit and Withdrawal of Funds

Xeodis offers a variety of deposit methods, including bank transfers, credit/debit cards, and electronic wallets. The company also claims that these same methods are available for withdrawals, although it uses the term “typically,” suggesting a lack of certainty. Clients are once again encouraged to access their personal account area to verify this information independently. However, no processing times or commission fees are provided in the public domain.

Verification

Verification on the broker’s platform is mandatory, despite registration issues. The verification process involves providing identification documents, such as a passport or driver’s license, as well as proof of address, such as a utility bill or bank statement.

Once the documents are submitted, Xeodis will review them to ensure compliance with regulatory requirements and may take a few days to complete the verification process. Once verified, traders can access full functionality on the platform, including depositing and withdrawing funds.

Additional Options

At Xeodis, there are numerous additional options available, including education, personalized SMS notifications, and exclusive market updates. However, most of these services are geared towards affluent traders with high minimum deposits. Furthermore, there is no indication in the public domain that the company actually conducts any market analysis or education. We doubt that this functionality will be available in the notoriously problematic personal account.

Is Xeodis a Scam?

Well, it’s time to delve into perhaps the most problematic aspect of this broker. Let’s take a look at how legitimate Xeodis is in providing its services.

Legal Information and License

The legal information has become a real mystery to us. The broker claims that it is managed by a certain Trading Ltd. Well, that sounds like a fabrication. Furthermore, they provide a registration number, but even with our experience, we cannot immediately determine which jurisdiction it belongs to. Traders are left completely in the dark about this puzzle. So, what can be done? We searched through open sources but found no mention of such a company anywhere, not even on Open Corporates.

Xeodis.com Domain Info

Even more intriguing is the duration of this project. Can you guess it? Less than a month! According to Whois services, the website was launched on February 1, 2024. How about that? It’s no wonder that in such a short time, this project didn’t even manage to properly set up its website and ensure that all links on it were functional.

Contacts Review

Xeodis offers to contact them by phone and email. The address, for understandable reasons, is not provided. What address could be indicated if the project has only been operating for three weeks? Is it a team of genies constructing an office in such a short time? Okay, okay, don’t try to convince us. Even if they had a rented office, they would have… drumroll… provided its address on their website!

More Details

And lastly, what truly frustrated us was the nonchalant approach of this project towards its documentation. None of the links are functional! Well, it’s no surprise considering the short time frame of just 21 days. Perhaps their priority should have been to ensure the completion of their website content before diving into internet advertising? How can they expect to promote themselves effectively when, essentially, the project’s exterior isn’t even finished? Oh, how times have changed.

Pros and Cons

2.7 TOTAL SCORE

Xeodis

Xeodis appears to be nothing more than a newly established project that has not even managed to organize its documents properly. Therefore, it is not worth paying attention to or wasting time on. There are plenty of more promising options available.

---

Website information content 3

Client Portal 2

Trading conditions 3

Trading platform 3

Deposit and withdrawal 4

Verification 3

Extra options 4

Licenses and guarantees 1

Work duration 1

Feedback 3

Frequently Asked Questions (FAQ)