XPoken is an online broker that was established to provide both retail and institutional investors direct access to the trading markets. Xpoken has been providing reliable financial instruments such as Shares, Forex, Indices, Cryptocurrencies, and Commodities across the world.
Table of Content
Security
Xpoken keeps all clients money safe and secure in segregated accounts in tier 1 banks.
Trading Platforms
XPoken offers the XpTrade platform for windows, android, ios, and ipad devices.
XpTrade
- More than 500 financial instruments to trade
- No slippage, no requotes
- Flexible leverage up to 1:400
- Most advanced platform
- XpTrade available on Windows, Android, and Apple
Accounts
- Student
- Starter
- Premium
- Advanced
- Pro
- VIP
Costs
XPoken provides variable spreads, maximum leverage of 1:400 and minimum deposit of $250. Deposits can be made via bank transfer, visa/master cards, and other.
Client Support
XPoken provides client support 24/5 to all traders via live chat, email, and telephone.
XPoken Regulation
XPoken is an unregulated broker. XPoken is a broker that provides a platform for buying, selling, and trading. It is not regulated by any financial institution or government body. However, XPoken claims to have implemented various security measures to protect its users’ funds. These measures include two-factor authentication, cold storage for offline storage of funds, and regular security audits.
XPoken’s regulation status is a concern for some potential users, as it means that there is no independent body overseeing the exchange’s activities. This could make it more susceptible to fraud or other abuses. However, XPoken does claim to be committed to transparency and customer protection. It maintains a detailed privacy policy and publishes regular financial reports.
Conclusion
XPoken is an online forex broker that provides traders access to a wide range of trading products in the trading markets such as Forex, Indices, Shares, Commodities, and Cryptocurrencies to the trading market. XPoken offers various accounts with variable spreads, maximum leverage of 1:400 and minimum deposit of $250. However, XPoken is an unregulated broker.
Pros:
- Wide variety of trading instruments available for trading
- Competitive fees
- Easy-to-use platform
- Good customer support
Cons:
- Not regulated by any financial institution or government body
- Limited liquidity for some cryptocurrencies
- Has been criticized for its lack of transparency
