XPro Markets review - Regulations, Trading platforms, Broker features, and User ratings.

1.287 • 22 REVIEWS
UKUCHUMA FINANCIAL SERVICES (PTY) LTD IGM Forex Ltd
Updated: Apr 21, 2024
XProMarkets.com

What is XPro Markets?

XPro Markets, owned by UKUCHUMA FINANCIAL SERVICES (PTY) LTD, is a CFD broker and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa.

XProMarkets offers trading platforms as Metatrader 4 (MT4) in PC and Mobile version as well as XProMarkets WebTrader.

XProMarkets.trade offers CFDs on over 45 currency pairs, bitcoin, other cryptocurrencies, commodities, gold, silver, other metals, oil, shares and indices for your personal investment and trading options.

Please read XPro Markets Reviews below and share your live trading experiences with this CFD broker.

May-June 2022:  Multiple fake and highly suspicious positive reviews submitted for XPro Markets.  One was from an employee of a website that offers to post fake reviews for money.
XProMarkets.com is part of IGM Forex Ltd group. Known members of this group include IGMFX.com, ukuchumaltd.com (Ukuchuma Financial Services (PTY) LTD).

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 400:1
Minimum to Open Live: $250
Established: Unknown
Address: Office 1-14 1ST Floor Workshop17, 138 West Street, Sandown Sandton Gauteng 2196, South Africa
Contact: inquiries@xpromarkets.com, +27870948672
Regional offices:
Regulators: FSCA #32535
Prohibited countries:
Trading platforms: MT4, WebTrader
Web Trading: โœ… Yes
Mobile Trading: โœ… Yes

Trading Instruments

Currencies: (45+)
Cryptocurrencies: (10+) Bitcoin, Litecoin, Ethereum
CFD: (110+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: โœ… Yes

Managed Accounts & Social Trading

Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, APMs
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, APMs
* Please check broker website for more information
1.287 • 22 REVIEWS

XPro Markets Most Helpful Customer Reviews

A
AlanCH
Switzerland, Switzerland,
Sep 7, 2023,
Registered user

Don't go with it, it's a well organized trap!

Service use: Live
DO NOT GO !!!! It's a nice scam well put together and if you're new to bingo you'll fall for it.

First of all, it's not without reason that this site is banned in several countries, unfortunately not yet in Switzerland!

Afterwards, as explained by Rohitkidambi, all the phases are well respected. You are lured with small profits on your first deposit at 250.-, then the analyst asks you with some insistence to increase your balance (payment with your card) and to trust him. Then he gives you a mountain of explanation that you can only understand if you have experience.

Thanks to its daily support, it makes you carry out more and more risky operations explaining to you that it is long term. In fact, it weighs down your wallet so that your free margin keeps shrinking and it encourages you to pay even more to cover this margin by showing you that you will make enormous profits in a very short time. time ! Which is totally necessary because the profit margins of new investments are unattainable and plunge you into the red. The purpose is that you add, add and add again to cover this risk margin (free margin) and when you have exceeded 10,000.- the analyst takes 3% of all your gains, but what is interesting is that is that despite your profits you can only withdraw insignificant amounts.

This is the circle is complete, impossible to get out without making a big loss. It's sort of authorized theft!

I lost a lot of money with XPROMarket and names like Melvin Merlin or Faten Thomas will remain etched in my memory forever.

Go your way and do not fall into this inextricable trap!
5 traders have found this review helpful
J
James lbk
678267, Singapore,
Jun 18, 2023,
Registered user

Cannot Withdraw

Service use: Other Length of use: 0-3 Months
This company operates like a mouse trap. Deposit is extremely easy but withdrawal is obstructed. Indicated in withdrawal details that your payout is within 24 hours. I waited for 2 days and withdrawal status is still pending. No responses to enquiries made to the support and complaint department. I think I am being scammed. Hope this is a warning to those who are thinking of signing up with this company to trade. You winnings is theirs for keep since you cannot withdraw.
7 traders have found this review helpful
S
sunaina
KARNATAKA, India,
Nov 24, 2022,
Registered user

Its a fraudulent company

Service use: Live Length of use: 0-3 Months
Opened an account through a article review in reputed newspaper, later understood it was a fake article. Account opened was "classic" with $250. They sent zoom link for online discussion and made me shared my pc screen, they asked me to login in my bank account online and made me to add their RBL account. One by name Qazi was continously calling and asked me to invest 2lakh indian rupees as markets are very good. I hesitated and wanted to continue with $250, but he forced me to invest. Later when i did not invest further he tried forcing me to invest. After two days when i requested him to close my account and help me in transferring amount to my bank account, he stopped calling. Also, next day my account (both trading and wallet) is showing $0 and i understood these people are cheaters and l lost my money. If any one is reading this review, my request is not to get into their fake promises, save yourself and your money.
7 traders have found this review helpful
X
Xxpro
Seoul, Korea, Republic of,
Oct 10, 2022,
Registered user

Updates on my previous post in regards to Xpromarket.

Service use: Live Length of use: 6-12 Months
๋‚˜๋Š” Xpromarket์˜ ๋ถˆ๋งŒ ์‚ฌํ•ญ ๋ถ€์„œ์— ์—ฐ๋ฝํ–ˆ๋Š”๋ฐ, ๋งค์šฐ ์งง์€ ์‹œ๊ฐ„์— ๋‚ด ๋ฌธ์ œ๋ฅผ ํ•ด๊ฒฐํ•˜๋Š” ๋ฐ ๋งค์šฐ ๋„์›€์ด ๋˜์—ˆ๊ณ , ์ตœ์ƒ์˜ ํ•ด๊ฒฐ์„ ์œ„ํ•ด ์ €๋ฅผ ๋งค์šฐ ์ดํ•ดํ•˜๊ณ  ์ง€์†์ ์œผ๋กœ ์—ฐ๋ฝํ–ˆ์Šต๋‹ˆ๋‹ค.

๋‚˜๋Š” ๋” ์ด์ƒ Company Xpromarkets์™€ ์•„๋ฌด๋Ÿฐ ๋ฌธ์ œ๊ฐ€ ์—†์œผ๋ฉฐ, ๋งŒ์กฑ์Šค๋Ÿฌ์šด ํ•ฉ์˜์— ๋„๋‹ฌํ–ˆ์œผ๋ฉฐ, ๋‚˜์˜ ์ดˆ๊ธฐ ๋ฆฌ๋ทฐ๊ฐ€ ํ™”๊ฐ€ ๋‚œ ์ƒํƒœ๋กœ ๊ฒŒ์‹œ๋˜์—ˆ์œผ๋ฉฐ, ๋” ์ด์ƒ XpromarketsํšŒ์‚ฌ์— ์ ์šฉ๋˜์ง€ ์•Š๋Š”๋‹ค๋Š” ์ ์„ ๋ถ„๋ช…ํžˆ ํ•˜๊ณ  ์‹ถ์Šต๋‹ˆ๋‹ค .”

FPA๋Š” ๋‚˜์˜ ๋ถ„๋ช…ํ•œ ์˜๊ฒฌ์„ Xpromarket Review Board์— ๊ฐ€๋Šฅํ•œ ๋นจ๋ฆฌ ์˜ฌ๋ ค์ฃผ์‹œ๊ธฐ ๋ฐ”๋ž๋‹ˆ๋‹ค.

I contacted the Complaints Department of Xpromarket, and they were very helpful in resolving my issue within a very short period of time, extremely understanding and being in constant contact with me for the best resolution.

I no longer have any issue with the Company Xpromarkets and reached a satisfactory agreement and would like to make it clear that my initial review was posted in state of angry and no longer applies to the Company Xpromarkets .”

I hope that FPA write my clear review on the Board of Xpromarket as soon as possible.

Jul 10, 2022 - 1 Star I was scammed for $50,000 by xpromarkets.com.
They demanded unlimited investment using leverage, blowing away my money.
They take no responsibility.
Rather, they keep asking for more money.
Never invest with them.
They will take all your money.  It is a scam.
Report them to the FSCA.

๋‚˜๋Š” xpromarkets.com์—์„œ 50,000๋‹ฌ๋Ÿฌ๋ฅผ ์‚ฌ๊ธฐ ๋‹นํ•˜์˜€์Šต๋‹ˆ๋‹ค.
๊ทธ๋“ค์€ ๋ ˆ๋ฒ„๋ฆฌ์ง€๋ฅผ ์ด์šฉํ•œ ๋ฌดํ•œํˆฌ์ž๋ฅผ ์š”๊ตฌํ•˜์—ฌ, ํˆฌ์ž์ž์˜ ๋ˆ์„ ๋‚ ๋ ค๋ฒ„๋ฆฝ๋‹ˆ๋‹ค.
์•„๋ฌด๋Ÿฐ ์ฑ…์ž„๋„ ์ง€์ง€ ์•Š์Šต๋‹ˆ๋‹ค.
์˜คํžˆ๋ ค ๋ˆ์„ ๋” ์š”๊ตฌํ•ฉ๋‹ˆ๋‹ค.
์ ˆ๋Œ€ ๊ทธ๋“ค์—๊ฒŒ ํˆฌ์žํ•˜์ง€ ๋งˆ์„ธ์š”.
๋‹น์‹ ์˜ ๋ˆ์„ ๊ทธ๋“ค์€ ์‚ฌ๊ธฐ๋กœ ๋ชจ๋‘ ๊ฐ€์ ธ๊ฐˆ ๊ฒƒ์ž…๋‹ˆ๋‹ค.
FSCA์— ์ด๋“ค์„ ๊ณ ๋ฐœํ•˜์„ธ์š”.

Reply by XPro Markets submitted Jul 12, 2022 Dear Customer,

We are truly sorry to see that you did not have the best experience with XPro Markets. It's our goal to make sure that every customer receives the best possible service. With that said, we would like to emphasize the fact that Forex trading is highly risky, and profits or losses are nearly unlimited in this market. Therefore, it is extremely important to keep abreast of changes in the market and understand the different mechanisms of trading.

Unfortunately, we could not investigate your case as you have not provided your trading account name. Please contact us directly through email (inquiries@xpromarkets.com) or our social media channels, letting us know of your customer ID so we can assist you immediately.

XPro Markets
4 traders have found this review helpful
S
ShriniMenon
Mumbai, India,
Feb 9, 2024,
Registered user

Do not trust this company!

Service use: Live Length of use: 0-3 Months
I invested the minimum amount of USD 250 on 29.11.2023 and got cleaned out of it in under 3 weeks. I got 1 call from their portfolio manager to "assist/guide" me and then never got any assistance, despite writing to their CSD several times.  Avoid going anywhere near them, unless you want to write your savings off!!!

A lady contacted me on 9.2.2024 (from tel. no + 44 7894868749), purportedly representing XPro Markets, to offer a deal under which I was advised to remove my bad review and then XPro Markets would credit me back with the money that I lost! I outrightly declined to do so, and told her that I want my investment back before I move a muscle! Gosh, these chaps have a human nerve or two missing inside them!

Recent User Reviews of XPro Markets

R
Rohitkidambi
India, India,
Aug 10, 2023,
Registered user

Wants more deposits. Won't allow withdrawals.

Service use: Live Length of use: 0-3 Months
My Account number is 70147179
@Xpromarkets.com strategically invest in trades that will surely make loses and will never allow you to withdraw money. People in this company like Osaja, Mahir, Ali etc suck out all your hard earned money. If you are a fresher to trading, they will take complete advantage of this.

Phase 1:You will be assigned a Senior Manager for your portfolio (in my case it was a fraudster named Osaja). He will speak in a very friendly way and will show you high dreams, in a zoom call he will ask you to share your screen and make the initial investment, by this time he will know how much is in your account and he will plan his future steps accordingly. After the first investment is made, he will show you small profits of about 300 dollars and even allow you to withdraw 150 dollars, this is when you feel everything is going fine

Phase 2: Now that you have earned some money, your manager will show all kinds of charts and future planning and make you to believe that you will earn 3k dollars on a monthly basis, if you make a 2nd investment then this is the time he will knowingly make you invest in trades that will surely give you loses and will start bringing down your portfolio.

Phase 3: Whenever you are in need of money and want to withdraw some amount, they will not allow you to do by saying and giving all sorts of calculations. This is the time you start losing your capital and a new person called Risk Manager will call you and scare you that the entire capital is down and I should invest more to save my money (All the names that I have mentioned above act at different roles according to the situation, a guy named Mahir once introduce himself as assistant to the senior manager and also as a Risk manager at another point of time)

Phase 4: This is the time when the senior manager is invisible and a bunch of other guys do the talking, they still try to convince you to invest more. They will not allow you to withdraw any left over money in your Portfolio. Once they are convinced that you are not going to invest any more money, they will just disappear.

I am going to file a cyber crime report against them and try to get them banned in INDIA.

My dear friends, these guys are scamsters who target people especially from India,If you are a beginner then they will take complete advantage of you, please stay away from them
5 traders have found this review helpful
N
nitee pandey
India , India,
Apr 19, 2024,
Registered user

I have resolved my refund issue with com.The Xpro Markets returned money.

Service use: Live Length of use: 0-3 Months
I have resolved my refund issue with com.The Xpro Markets company have returned my money.So thanks.

Apr 1, 2024 - 1 Star Hi me Nitee Pandey ac no. 70176305
First they played false video of CEO Infosys company India saying that this fake company is his AI based company.
After I made a deposit of 250 Dollarsm they insisted I invest more. I realised some thing is wrong with this. Then I searched about XPro and found the dark truth of company. At once I tried to withdraw my money. They never paid. Terrible company.
K
Kambhampati Ramesh
Hyderabad, India,
Mar 23, 2024,
Registered user

Xpromarkets account managers keep losing my money and asking for more deposits.

Service use: Live Length of use: 0-3 Months
My Account Number is 70176266. In the month of February 2024 i was checking about ethereum price & its details in google. I clicked on a link by giving my contact details. Immediately i got a call from Xpromarkets executive. He told me to open account to start trading in international market with a deposit of $250. I have opened my account on 15th Feb 2024. Immediately next day i was assigned with Sr.Account manager Nazish.CH, she called me & explained how to open trades. After that from the very next day she started pushing to deposit $50,000 so that i can start earning $10,000 per month. I denied as i don't have so much funds, then she started negotiating for $25,000 for which i denied.
Suddenly on 28th Feb 2024 she called me and said if i deposit $250 my account will get updated from classic account to silver so that swap charges will be almost negligible. Then i deposited $250. My account was changed from classic to silver but i did not see any change in swap charges.  The swap charges were still high.
Meanwhile she started insisting me on depositing $25,000 for which i denied as don't have funds i said. Then she asked me how much i can arrange, she mentioned that there is a important event a head in the US markets which is a good opportunity to earn at least $10,000, Then i deposited more & more amount. She made me to deposit amount but she never called me back to take trades for the event. Later she called me and told me silly reasons that she was hospitalized etc... Totally i deposited $8772 to take trades, Nazish.CH made me to open trades. Few were closed in profits but overall my account got in to almost Zero. My open positions were getting closed & they were getting liquidated.
When the trades were in minus, i asked her if they gets closed automatically then i will end up in loss, she very clearly said that not to worry no positions will be closed as we modified the trades they will not get closed until the trades get into profit. I believed her & continued to wait. Till then i made a profit of $3000 after that all the trades which she made me to open went into minus and all open positions got liquidated. Overall i made a loss of $2500 in my account as on 21st March.
I was not satisfied the way my account was handled by Nazish.CH and the way of her talking or behaviour with me. I raised a complaint on her & made my account manager to change.
A new account manager, Mr.Darab.AH, was assigned to me. He called me & consoled me and said in order to recover my loss of $2500 he said i have to deposit $6000, as i did not want to lose my hard earned money, i deposited another $5730. On 20th March he called me & said there is a event ahead in US markets about fed meeting. This is a golden chance to recover my loss. Then i deposited the money of $5730 he said he will give me call before 1 hour of the event & he did not call. Next day on 21st March he called me & apologized that he could call. On 21st March he made me take almost 10 trades left right & centre by connecting in zoom. After opening trades he said he will call back in 10 minutes to discuss about those trades. I waited for full day, he did not bother to call at all. So i closed the trades which were in positive & holded the positions which were in minus. Next day he called me & asked me why i have closed the trades, i said clearly as they were in profits i closed. I questioned him very clearly that why he did not call back in 10 minutes & whole day, he did not even give any instructions not to close positions even though they are in profits. Without any strategy, risk management, stoploss he made me to open the trades left, right & centre. Overall as on 21st i deposited $14502 and my account went into almost negative.
On 22nd March he called me and asked to me deposit another $6000 to stop the account getting closed to save my loss of $14000, as i was losing $14000 i deposited another $5700. I have deposited a total of $20202 as of 22nd March. But still my account is in minus, overall my $20202 is at stake and i am in big loss.
Overall Nazish.CH & Darab.CH ruined my entire account and made me to loose $20202. Now my account is almost in Zero it may get closed at any given point in time on 25th March. I want justice and refund of my funds. Overall : 1) They put lot of pressure to deposit more money. 2) Overall intention is very clear to make us loose money not to make profits. 3) There is no proper strategy, risk management, stoploss to save customers capital. 4) My hard earned money of 20 years I have deposited, which is ruined in one day. 7) I am jobless now, to make some money for myself & my family daily living I entered into this but finally ended up with miserable experience by losing the entire $20202 I need justice & my funds back before I take it to national level escalation through various medias & social medias.
D
Dhanraj Dasari
Telangana, India,
Feb 26, 2024,
Registered user

Xpro markets is not allowing me to withdraw my deposit

Service use: Live Length of use: 0-3 Months
Xpro markets is a bad company. Do not invest in it. They have asked me to invest $250. Later they lured me with profits and asked me to invest more. By detecting their supicious activity, I didn't invest further. Moreover they are not allowing me to withdraw my deposit amount. Be careful and dont invest in Xpro markets.
B
Bhaskar Reddy Bandre
Puttaparthi , India,
Feb 17, 2024,
Registered user

I was deceived and made my account zero balance

Service use: Live Length of use: 0-3 Months
My Account number is 70175466.I have invested 250.02 USD on 6th February. From then onwards I was forced to invest more amount. But I refused to do so. As a result my account was brought to zero From 307 USD on 13th February. Hence I request you kindly to help in getting back my amount. Thanking you.