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A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.
| Factor | Score | Weight |
|---|---|---|
| Regulation & licensing | 55 | 35% |
| Company age | 22 | 15% |
| Clone / impersonation | 0 | 12% |
| Withdrawal & exposure complaints | 100 | 12% |
| Offshore registration | 10 | 8% |
| Transparency (site/info/social) | 25 | 10% |
Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.
| Regulator | License type | License No. | Region | Status |
|---|---|---|---|---|
| ASIC | Market Making (MM) | 000343628 | Australia | — |
| CYSEC | Market Making (MM) | 108/10 | Cyprus | — |
| FSCA | Derivatives Trading License (EP) | 44681 | South Africa | — |
| Account | Max leverage | Min. deposit | Min. spread | Commission | EA |
|---|---|---|---|---|---|
| VIP | -- | $25,000 | -- | -- | ✓ |
| Premium | -- | $1,000 | -- | -- | ✓ |
| Platinum | -- | $5,000 | -- | -- | ✓ |
| Standard | -- | $200 | -- | -- | ✓ |
The single most common complaint is being unable to withdraw funds (3 reports) — the classic warning sign in forex.
0Active across 34 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.
Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.
XTRADE is a forex and CFD broker based in Cyprus, with records dating to 2017-09-07. It reports oversight from ASIC, CYSEC, FSCA.
FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.
Overview compiled by FXCanary from regulatory records and public data. full XTRADE review
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