Want to Trade with BrokerXP? Read This First!
BrokerXP is an unregulated broker that has been flagged by FCA and FINRA. It is a suspected clone scam. This means that it has taken a name similar to a regulated broker and its aim seems to be to deceive people into thinking they are signing up with a licensed broker. The name that BrokerXP seems to have copied its name from is XP Investments. Clone brokers are a problem because they mislead the public, and BrokerXP seems to be behaving this way.
Is BrokerXP a Scam or Legitimate?
We’ve looked carefully at BrokerXP and have found signs that it may be a fraud. It doesn’t have a license, has been flagged by regulators and has many customer complaints. In addition, there is no information about who is running BrokerXP. We can’t find any real contact information or credentials that will give us a reason to trust this broker.
We Found Problems with BrokerXP:
- No license
- Suspected clone broker
- Flagged by FCA and FINRA.
- No contact information
- No transparency
- Bad reviews
What You Should Do If You Have an Account with BrokerXP
If you currently hold an account with BrokerXP close it and demand an immediate withdrawal of all of your funds. If you do not receive a withdrawal from this broker contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!
