As can be seen, the X-F24 trading brand has been operated by Mango Group LLC. This firm was established in Saint Vincent and the Grenadines a few years back.
However, they were running the XFortunes brand before this one was established. This is already a hint there are some shady activities within this group. This unbiased X-F24 review reveals all the key points traders must watch out for.
For more tips, we also recommend you check our Axiance and BGB Partners reviews.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | X-F24.com; x-f24.com.net |
| Have Warnings from: | CSA, HANFA, CONSOB, FSMA, CNMV, AFM, A-TVP |
| Registered in: | Saint Vincent and Grenadines |
| Operating since: | 2023 |
| Trading Platforms: | WebTrader |
| Maximum Leverage: | N/A |
| Minimum Deposit: | €250 |
| Deposit Bonus: | Available |
| Trading Assets: | Cryptocurrencies, forex, indices, shares, indices, ETFs |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Since the company is based offshore and has no regulation, it’s clear traders can expect withdrawal problems. After all, the warnings from CSA and HANFA wouldn’t be published if that’s not the case. All in all, stay away from them. If they have your money, get in touch with our refund team for assistance. |
Legal info: Is X-F24 Legit Or A Scam?
Regardless of the company’s location, it should have a license from the authorities in the countries where it provides its services. Unfortunately, this brokerage doesn’t have one, especially not top-tier ones like IIROC, FCA, or CONSOB. Without a license, the company can manipulate traders in numerous ways.
However, when those traders unite and report a company to regulators, that results in numerous warnings. The ones directly intended for X-F24 are coming from CSA and HANFA. The other ones (CONSOB, FSMA, A-TVP, AFM, and CNMV) are related to the brand owner, Mango Group LLC.
Who are X-F24’s Victims?
Since 2023, this trading brand has mainly targeted traders from Europe. Luckily, European investors are very well aware of swindlers, and they systematically sort out problems with them.
Anyway, you should be extremely cautious if you come from:
- Slovenia
- Switzerland
- Italy
- Canada
We invite you to add to the quite poor X-F24 reviews by sharing your experience in the comments below. If you just want to get your money back straightforwardly, reach out to our refund team in a live chat.
Traders Reviews
Generally speaking, not many comments about the X-F24 broker are available online. However, the ones that are available on the Reviews.io platform reveal the bitter truth.
To be precise, 11 out of 13 traders didn’t have a positive experience with this firm, primarily because of platform manipulations and withdrawal issues. If you recognize your case here, don’t hesitate to seek assistance. Our refund experts are at your disposal.
Leverage, Commissions, Spreads, Fees and Taxes
Every broker has the absolute right to set up any fees they want. However, traders also have the freedom to choose which ones they are willing to pay.
For that reason, transparency about trading costs is one of the most important aspects of regulated brokers. Unfortunately, with X-F24 Forex company, all those details are practically hidden, even the leverage.
Bonuses
Another proof this company will try to trick you in every way possible is their bonus policy. To withdraw any bonus funds or profits generated with it, traders have to reach certain trading requirements. In this case, for every $1 bonus, you have to reach $100.000 in the trading volume.
X-F24 Trading Features
Surprisingly, we can’t see any advanced trading features with this company. There is no social and copy trading or Expert Advisors.
On top of that, the company doesn’t mention if strategies like hedging, scalping, and netting are allowed. But even if they are, there’s no guarantee you can withdraw any funds generated with such strategies.
Trading Platforms Available
If you don’t already have enough proof to stay away from this broker, check the X-F24 platform. When you see an unregulated broker offering proprietary web-trader, know they are preparing the soil for a scam.
Such platforms are easily manipulated and often used to present traders with fictive successful trades. Think about it: how come they manage in their first meeting with every client to make all the right trades?
Available Trading Assets
Generally, with tradeable assets, companies can easily attract more traders. The key is to offer something others don’t. But keep in mind that thousands of assets can’t replace one top-tier regulation. In any case, on this platform, traders have:
- Forex – USD/EUR, AUD/NZD
- Indices – DAX30, CAC40
- Commodities – copper, aluminum
- Shares – IBM, Netflix
- Cryptos – ETH, SOL
- ETFs – Russell2000, QQQ
Account Types
As with any other swindler, the X-F24 account types offer only advanced support features, educational programs, and a few apparently exclusive deals. All in all, none of the trading conditions are transparently presented.
Yet, they expect us to deposit up to €250.000 to get all those options. It’s nonsense especially if you know that with some top-tier regulated brokers, you can get practically all of those with $10.
Mobile Trading App
Mobile devices play a huge role in our everyday lives. But also in the lives of traders. On top of that, developed iOS and Android apps or usage of trusted third-party ones, raises the company’s credibility. Sadly, that’s not an option with this trading firm.
Demo Account
With unclear conditions, it would be logical to get access to a demo account first after completing the X-F24 login process. But it’s not. Traders either have the option to deposit money or look for another broker with risk-free features.
Education
As mentioned, this investment firm has various educational programs. Starting with webinars, 1-on-1 sessions with analysts, market reviews, and more. But is it reliable after all the warnings? We highly doubt it.
X-F24 Withdrawal
This brokerage is a perfect example that numerous withdrawal options don’t mean anything. Even though the processing time is 3-4 business days, and the company charges a 3.5% withdrawal fee, that’s usually not everything.
With a shady bonus policy, it’s clear traders can expect some manipulation tricks.
Customer Support
Generally, the company offers a wide range of contact options and availability 24/6. However, some traders have already reported useless customer service.
Contact options are live chat, phone, e-mail, and web contact form. Thus, you shouldn’t rely on those if you are looking for X-F24 withdrawal assistance.
Key Information To Consider About X-F24
The only thing traders should keep in mind are numerous warnings against the company. If you find warnings, watch out for unregulated brokers offering web-based platforms and bonus and withdrawal policies.
In case you are still caught in a scam, our refund experts will help you recover the funds. But first, book a free intro consultation to explore all of the refund options.
FAQ Section
What is X-F24?
X-F24 is an unregulated FX and CFD trading firm that has been operated by an offshore company found on numerous warning lists.
Where is X-F24 Located?
The X-F24 trading firm is owned by Mango Group LLC, a company registered in Saint Vincent and Grenadines.
How to Get Money Back From My X-F24 Account?
In case regular withdrawals are not possible, we recommend you contact our refund specialists and start the chargeback process as soon as possible.
Source:
https%3A%2F%2Fscambrokersreviews.com%2Fcrypto-scams%2Fx-f24-review%2F
