Do you want to make money in the financial markets in a company with the best trading conditions? Then you just need to open an account in XFortunes. At least, this broker claims so. Of course, we will check how honest this project is with clients and whether there are any signs of a scam here. We also will read what reviews customers leave about it.
- XFortunes General Information
- Registration and Client Portal Review
- XFortunes Trading Conditions
- Account Types Review
- Trading Platform
- XFortunes — Deposit and Withdrawal of Funds
- Additional Options
- Is XFortunes a Scam?
- Legal Information and License
- X-fortunes.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
XFortunes General Information
|Address||Firsts Floor, First St Bank Ltd Building, James Street, P.O. Box 1574, Kingstown VC0100, St. Vincent and Grenadines|
Registration and Client Portal Review
XFortunes gives the impression of a very mediocre broker, which is unlikely to be of interest to many clients. The official website is made absolutely template. The visitor is greeted with a banner offering to take advantage of a 100% Christmas bonus. Those who have been trading in the markets for a long time will immediately perceive such a move as a sign of fraud. Further, the entire space of the main page is devoted to the advantages of this company. The most valuable information is contained in the FAQ section. And by a strange coincidence, the content has been translated only into English, Croatian, and Chinese.
Registration on the site is simple. It is enough to fill out a regular form. The verification code will not be sent to the phone, nor will an email to activate the account. By the way, XFortunes does not support two-factor authentication, so it’s better to come up with a strong password. The trading account will be protected only by it. Returning to registration, in the form you need to specify: your full name, email, phone, country, date of birth, and password.
The Client Portal will not surprise you with anything original. Traders are offered to fill in their personal data in more detail and undergo verification. You can also fund your account and withdraw money here. Besides, you can change your password, view the history of transactions and orders, and get access to the trading terminal.
XFortunes Trading Conditions
It is very difficult to find something very outstanding among the broker’s services.
Account Types Review
You can start trading on the XFortunes platform with 250 euros. The broker has a division into account types. 6 options are presented. They differ slightly in the minimum deposit amount, additional services, and instruments available for trading. The more traders deposit, the more additional services they will have.
So, on the starting account, the client will receive only a 10% bonus, price alert, and access to the educational center. However, there are no restrictions on the Elite account and all additional services are available. Among them is a market overview, personalized trading strategy, trading coach, etc. Unless you need to deposit this type of account for 250 thousand euros.
XFortunes additional services include analytics videos, PRO webinars, and account manager’s services. The qualifications of managers are different. And again, the more money you have in your account, the more a professional manager will work with you. At the same time, you will not find information about spreads and swaps, and other important things in the description of the conditions. Something is posted in the FAQ section, for example, leverage, which here is 1:400. It seems that XFortunes negligently approached the matter of describing accounts.
The XFortunes WebTrader is far from an innovative platform. It’s just a terminal with the necessary set of indicators and an ordinary interface. A beginner can easily get into it. However, this platform has already earned itself not the best fame. Every second scam broker uses it.
XFortunes — Deposit and Withdrawal of Funds
XFortunes has a variety of payment methods. In addition to the usual bank cards and wire transfers, customers can deposit money through:
- Neteller and Skrill
- Electronic wallets
- AstroPay, and some other systems.
The same options can be used for withdrawal. Certain payment methods may not work in some countries.
Verification documents should be uploaded to your Client Portal. Nothing extraordinary will be required of traders. You need to confirm your identity and address of residence. At the same time, it is better to pass verification before depositing. XFortunes will definitely not allow you to withdraw money without it.
Among the XFortunes additional services, education can be noted. The broker has some articles on the site. Of course, it is not enough for a full-fledged education in the field of trading. Perhaps one-on-one instructors will give more detailed information. However, as we have already mentioned, you will have to fund your account for a large amount. Meanwhile, most of the useful materials can be found on the Internet for free. We also have complaints about analytics and related services. We have not seen a single forecast and not a single name of financial advisors. Unverified analysis cannot be trusted.
Is XFortunes a Scam?
In the About Us section, XFortunes informs that it provides customers with maximum safety and the best trading conditions. And in general, it is the best opportunity to start trading. However, we do not agree with such ambitious statements, since the company has obvious signs of fraud.
Legal Information and License
The footer states that XFortunes is registered in the offshore zone of Saint Vincent and the Grenadines. It is not the best choice, because, in case of problems, it will be very expensive for traders to fly to the islands and arrange proceedings in a local court.
However, that’s not what surprised us the most. The footer specifies the name of Mango Groups LLC. Why are the brand and management company names so different? Rather, it looks like XFortunes just borrowed the registration data of the first company it came across. And that’s not all the problems.
All the documents that brokers receive in Saint Vincent and the Grenadines are certificates of incorporation. As you understand, it is not a guarantee of honest work. The FSA regulator writes on its website that entering into the register does not mean that the company is being tracked. That’s why scammers love this jurisdiction so much. Despite the official registration, they can still do anything with client accounts, and also not pay taxes.
X-fortunes.com Domain Info
XFortunes writes that it started working in the financial markets more than 10 years ago. That is very strange since the registry of Saint Vincent and the Grenadines indicates that the company was incorporated in 2022.
Moreover, there are practically no reviews about this company on the web. All the comments we found are dated 2022. Checking the site also does not inspire enthusiasm to open an account here. XFortunes bought the domain only on June 14, 2022. It is curious why for almost 10 years of its existence the company has not become popular and why the site was created only recently. The answer to this question is simple. XFortunes is a completely new project, which lies a lot about itself.
There is no office in Saint Vincent and the Grenadines. Hundreds of similar brokerage firms are registered in the First Floor, First St Bank Ltd Building. In fact, XFortunes does not have a ground headquarters. There is only a phone number and an email address. At the same time, you will have to put a lot of effort into contacting managers. They really do not like to respond to requests on time.
The deposit of 250 euros is low. However, usually, good brokers set the minimum amounts much lower. Besides, they give customers the opportunity to trade on a demo account. XFortunes also offers this opportunity. At least, to get a demo account you will need to open a real account and deposit 250 euros. Obviously, the broker really needs your money.
Pros and Cons
- Several account types.
- Additional services.
- The work period is too short.
- Fake information about the company.
- Registered offshore.
- No license.
- Negative reviews.
Frequently Asked Questions (FAQ)
The broker offers to trade CFDs for different assets on its platform.
According to the broker’s documents, you have to invest at least 250 euros to start work.
No, it’s not safe. The creators of XFortunes are experienced scammers and this project is not the only one in their portfolio. And in general, working with offshore unregulated brokers is a big mistake.