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XTrader-FX.com (formerly Cryptopoint.com)

Discussion in 'Scam Alerts' started by zjanfranco, Feb 21, 2019.

  1. zjanfranco

    zjanfranco Recruit

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    When searching XTraderFX.com to find any content, you must input the entire name. I've only found this recently. Previously I've typed only XTrader FX (space between 'r' and FX) or Cryptopoint. Any chance FPA would create an additional tag that links XTraderFX.com in every possible way? e.g. XTraderFX, XTrader FX, Cryptopoint, Crypoint.com They have changed their web name to .net and back to .com recently. My losses are substantial and it's possible ($20k+) It is possible that all my trades are merely thru a shell or demo account without any of the funds I've deposited having been traded. Additionally, on 28 Jan I screenshotted what may have been an accidental 'display' which has not subsequently appeared when I've traded. (It says not allowed to use the site, but has disappeared). Gut feeling is they will take down the website before this July. A search at the UK's Companies House shows they have one company director for GPAY Ltd, and he is Bulgarian. Also, it's probably the case that XTraderFX is a sole trader entity with GPAY Ltd being the bank-style name they use. So neither of them can be 'attacked' by the UK's FCA. I recommend do not trade with them.
    Hope this is helpful.
     
  2. FxMaster

    FxMaster Lt. Colonel

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    XTraderFX.com is not working website mate.
     
  3. zjanfranco

    zjanfranco Recruit

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    FXMaster has replied that XTraderFX.com is not a working website. My apologies - FXMaster is right. They keep changing the domain name. The current domain is xtrader-fx.com AND it will then auto-populate the suffix /#/ for login purposes
     
  4. FxMaster

    FxMaster Lt. Colonel

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    First of all, invite the company by using the invite company option to your thread. And if you are unable to locate the option then this thread "Tutorial: How to Invite a company to your thread." will help you to find out.

    Note: If you are new to FPA then invitation button will be enabled when your first post reaches 4 days old.
     
  5. John78

    John78 Recruit

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    XtraderFx has 261 victims right now. Published by EFRIhttps://fintelegram.news/happy-passover-happy-easter-and-a-small-status-report-from-efri/
     
  6. zjanfranco

    zjanfranco Recruit

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    Thanks... Philip and Patrick (pseudonyms, I believe) contacted me mid-March claiming to be from Segregated Accounts section of XFX - they said they were XTrader-FX, although I thought XFX was a different company. They asked for 10% of the balance on the account but would not provide any statement showing how they determined what was in the account. They offered me to pay 5% now, 5% later. I read the Agreement they provided, but it was badly drafted, definitions were missing and 'statements' were inaccurate. They said I would get the funds in 5-7 working days. I have paid them nothing and asked them to stop contacting me. I checked out the link and CLLB, and will wait a while. Currently, I am using another entitity to recover funds from Markets Trading Ltd. If and when I have any success, I can determine how to fund any pursuit of XTrader FX for their fraud. Thanks for putting your link on my 'thread'. Regards John
     
  7. EFRIteam

    EFRIteam Company Representative

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    xtraderfx has much more victims. thereof 261 victims are represented by EFRI
     
    Ppotz likes this.
  8. zjanfranco

    zjanfranco Recruit

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    John78, if you wish to elaborate further, please email me directly zzj@talktalk.net See my previous thread before contacting me, thanks
     
  9. John78

    John78 Recruit

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    Thanks! I Think representative for Efri on this thread have more answers , when it comes to xtraderFx and their activities. XtraderFx are more fraudulent than i predicted! They also seem to belong to a larger criminal network scattered in several countries.
     
  10. zjanfranco

    zjanfranco Recruit

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    John78, their current approach is this. "Segregated Team" have been contacting XTrader FX 'clients' to say that they will send the clients' funds to them usually within 5-7 working days when the client has paid over 10% of their balance, 5% being account closure administration fee and 5% to prevent taxation issues (absolutely wrong) and this is better than the "usual 25% fee for closing the account". Because I said I will not pay the 10% and have queried where they have calculated my balance, "if you denied to work with us and follow the company terms and agreements you are not going to get your money within, i suppose from 9 to 12 month , you set up your mind on bad things" (from their email 8 April at 5:17pm). They are calling themselves XFX.
    So XFX and XTraderFX, and XTrader FX are the same entity. Note this, they also came via the same 'hub' when I initially expressed interest in trading in April 2018.
     

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