Unauthorised Firm Details
Name: Xpo.markets
Website: xpo.markets
XPO Markets is an online trading platform operated by Xeno Portfolio LTD, offering access to various financial instruments, including forex, commodities, cryptocurrencies, and stocks. The platform provides multiple account types Lite, Core, and Ultra-catering to different trading needs. It also claims to offer a user-friendly trading experience with features like low spreads, high leverage, and a proprietary trading platform.
Regulatory Status and Oversight
XPO Markets claims to be regulated by the Mwali International Services Authority (MISA) in the Comoros, holding license number BFX2024055. However, there are concerns regarding the authenticity of this claim. The official domain of XPO Markets (xpo.markets) does not match the domain associated with MISA, raising questions about the legitimacy of its regulatory status. Additionally, the platform has been flagged by independent broker monitoring services as operating without valid regulation, which is a significant red flag for potential investors.
Transparency and Company Information
XPO Markets provides limited information about its corporate structure, ownership, or physical addresses. While it claims to be based in Bonovo Road, Fomboni, Island of Mohéli, Union of Comoros, there is no verifiable information to confirm the legitimacy of these claims. The absence of clear and verifiable company data diminishes transparency and raises concerns about the platform’s legitimacy.
User Feedback and Public Reports
User reviews for XPO Markets are mixed and limited. Some users report positive experiences, including timely withdrawals and satisfactory trading conditions. However, others have expressed concerns about difficulties withdrawing funds and unclear terms, highlighting potential risks associated with the platform. The inconsistency in user feedback makes it challenging to assess the platform’s reliability comprehensively.
Risk Assessment
| Risk Category | Assessment Level | Notes |
|---|---|---|
| Regulatory Compliance | High | Operating without proper authorization from recognized authorities. |
| Transparency | Low | Limited information about company structure and regulatory status. |
| User Feedback | Mixed | Inconsistent and scarce user reviews. |
| Operational Integrity | Questionable | Concerns about platform reliability and customer service. |
Conclusion
XPO Markets presents itself as a comprehensive trading platform with a range of services. However, the lack of verifiable regulatory oversight, limited transparency, and mixed user feedback indicate significant risks. Prospective traders should exercise caution and consider alternative, well-regulated platforms with a proven track record.
Submit your review | |
