XLTrade.net Review

1.829 • 6 REVIEWS
Prop Firm Chimara Ltd. also Trade4Freedom.net
Updated: Jan 19, 2024
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September-October 2022:  Multiple fake and highly suspicious positive reviews submitted for XLTrade.


Established: 2021
Contact: contact@xltrade.net
1.829 • 6 REVIEWS

Recent User Reviews of XLTrade.net

Noel S
TORONTO, Canada,
Oct 11, 2022,
Registered user

These guys are scammers!

Service use: Live Length of use: 0-3 Months
Please please please stay away from these guys. The advertisement looks good but they don't intend to pay you when you make a profit. I got an AMA account and accumulated 21k in profits. I requested a withdrawal and all of a sudden one day they freeze my account and tell me account review. They then canceled my account and told me BS about risk of negative trades even though I had none. They claim to be sending back my deposit but im not optimistic about that!
Texas, USA,
Aug 18, 2022,
Registered user

XL Trade / Chimara (Scam)

Service use: Live Length of use: 0-3 Months
XL Trade / Chimara Limited is a scam broker operating on MT5

They operate the following websites trade4freedom.net xltrade-ama.net xltrade.net chimara.cc

As you can see from my trading results,

After 2 months of trading. I generated over 18k profits. However, the broker will not allow me to make any withdrawals I submitted a request for $5k and they sent me $1000 and this message 'AMA Accounts are complex financed structures where we provide substantial capital and cover negative balances. Withdrawals may be rejected or limited depending on the prevailing situation. You may access the conditions here. '

They will not allow you to withdraw your profit! Avoid and report them if you have also been scammed.
Chennai, India,
Jul 20, 2022,
Registered user

Profit Split during evaluation cycles

Service use: Live Length of use: 0-3 Months
It was mentioned in their TnC/website that there will be a profit split of 90% at the end of 2 performance cycles. When I emailed and asked about it (while I started with them in 1st phase only), they gave blunt answer "Funded phase only.".
Hence, I wanted to confirm few queries with them & sent them an email asking all the queries. They took a long time almost 4 days (including weekends) to reply to the email. They replied with diplomatic/blunt answers. I was surprised to see this that they observed no transparency as said in their website.
I posted a review in Truspilot trustpilot.com/review/xltrade.net & that's where I learned about their ugly behaviour.
I received a call from them +33 643703744 (France Number) threatening me to delete the negative review in the Trustpilot site or else they'll unleash their legal team to take actions against me.
So, overall their website itself seems to be not a professional one. The experience I had with them is terrible & unethical.
I'd give them 1 star & advise new ones not to go with them.
italy, Italy,
Aug 12, 2021,
Registered user


Service use: Other
I have to say the true
When a client receives a DEMO MT4 that belong to another BROKER from a company with not real money,client can pretend back the deposit given to xltrade! According to EU law within 14 days!
They don't want want to give me back even if a customer is not satisfied of their services!

These people are called SCAMMERS at my home!Even SCAM HELP and ANTI FRAUD are saying this and they will be punished very soon!

If they were honest they would have given me back my deposit of 4000 Euros!!

They don't do it because they are bandits!!They steal money to honest people!

Stay away from people that let you trade with demo accounts of other brokers that don't know them!and they will give you back some commissions from your money as long as they have resorces on their accounts!!

STAY AWAY FROM XLTRADE.NET!SCAM HELP and ANTI FRAUD UK Are saying to stay away from them!Don't believe to these poor bandits!

When i have back my money i will finish to complaint!!

Jun 13, 2021 - 1 Star Fraudolent Company!The worst Scam company of internet!
stay away from them.they only steal your money with fake demo account!Mt4 belong to other brokers!Not internal at their company!!

It is a joke!
avoid to deal with them!!

Stay away from xltrade.net
1 trader has found this review helpful
Nice, France,
Jul 6, 2021,

BEST FUNDING COMPANY - EXCELLENT Conditions and Customer Support

Service use: Live Length of use: 3-6 Months
I went through multiple funding firms, but when it comes to conditions and customer support, XLTRADE is the best one I have ever experienced! And I did a lot of other ones! Their conditions are fairly made to help traders successfully pass the evaluation. Even if I did not make it the first time, I was offered a FREE RESTART. I am at funded status now, received PAYOUTS and the EVALUATION BONUS in time. No delays. Smooth operation from the first trade I did! And finally, their SUPPORT IS FAST and PROFESSIONAL. Did not experience anywhere else.
If you are a profitable trader, XLTRADE is your first choice.
Go for it. It pays off!. Thank you, guys!!!
Paris, France,
Feb 27, 2021,
Registered user

Traders experience

Service use: Live Length of use: 3-6 Months
I have been with XLtrade for a while now. First I did not know that funded accounts even exist. After initial reluctance, I started the XLtrade evaluation and I received the $100k funded account. Trading at that level has turned my trading for the better. Now I aim to step up to the next level aiming at one million of trading capital. The service of XLtrade is friendly and superb, Payout is fast and reliable. I am happy that I walked that path.