Beaware
Our research team find this broker as illegal broker with no regulatory authority

XeroMarkets

Admin July 14, 2024

Summary

XeroMarket has no licenses yet. This is a minus because there is no one to protect the interests of traders, and in the event you have a claim, there is no point in sending it to a regulator within the home jurisdiction of the broker—which is Saint Vincent and the Grenadines. One more issue: Mastercard and Visa are gradually introducing restrictions in several countries on accepting payments in favor of brokers without licenses. When Xero Market customers will face this issue is a matter of time. Since you can withdraw money only to the account from which the funding was made, this issue can turn out to be serious.

Not regulted

Payment Methods Used

Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Binance Coin, Cardano, Stellar Lumens, Dogecoin, TRON, Tether, USD Coin, Paxos, DAI

Meta Trading Softwares Used

MT4, MT5

Overall Rating

4.5/5

Reviews

Grimmow
2/5

Good afternoon. I think that now this company is not working... At least I can't contact support for a week now. I want to withdraw money from my trading account. I write to them, but no one answers me. Nobody responds to requests. Most likely I got screwed.

Quadirdar
1/5

It is a terrible broker. I didn't like trading in Xero Market at all. They promise one thing but actually do something else. I deposited $800, but $400 is already left. There is nothing good to be expected with such trading and with so many freezes

Robertnom
1.5/5

I do not think that this company deserves the praise that some users write. There is nothing special about her, and what she tries to stand out from others does her a disservice.

ArskiyeyLen
1.3/5

I have been "waiting" for the withdrawal for more than a year ... I have already reconciled myself, another scam, I applied wherever I can, nothing. Don't trust. Another scam - don't be fooled. And don't believe empty promises.

Brandieep
3/5

Xero Market has standard terms. If you want to trade with close to zero spreads, open an ECN account and pay commission per lot. If you prefer to pay only the markup on the spread, then your option is Regular. By the way, the deposit requirements are loyal for both types of accounts, and the commission per lot is lower than other ECN brokers. Of the minuses, this is the lack of cent accounts, the presence of an inactivity fee and the inability to trade with MT5 (only MT4 is supported). You can copy trades, but trust accounts are not available, and the affiliate program is offered only to introducing brokers. Spreads will not be called low, rather they are average. The terminal for the most part works stably, but sometimes it hangs and dies.

Ashik4u
2/5

I traded with Xero Market for a while, but then I found a broker with more interesting conditions. However, for a launchpad, this company may well be considered. It makes a good impression with its classic set of trading instruments and a simple technical toolkit. Yes, it will not be able to compete with more solid competitors, but over time, everything can change. The broker has been operating for only 3 years. This is not enough to satisfy all the "wishes" of customers and reach the top.

Igor
3/5

Considering that the entry threshold on the Xero Market platform is only $10, I can call the trading conditions quite adequate. I use ECN myself, there are spreads from zero and a fixed commission for each lot, which is $5. For training, this broker should be considered. After that, I recommend looking for another site. There are brokers with a wide range of assets, additional services to improve the comfort of trading, and passive earnings.

Ayoade
2/5

Another pyramid, swindler! This office does not pay. I stopped paying everyone about six months ago. For me personally, they have been delaying the conclusion for six months. I already stopped waiting.

Dnsoni
1.5/5

I used the Xero Market site for about a month. I haven't taken out a profit yet because I have earned mere pennies here. And it's too early to conclude whether it is a reliable broker or not. However, I want to tell you about my first impressions. I came here using a referral link and now I am trying to develop an affiliate network because the rewards are good. As for the terms of cooperation, I like the loyalty and customer-oriented policy of this company. You can start real trading with this broker with just $10 bucks.

lorena
1/5

The biggest disadvantage of this company is the lack of a brokerage license. I believe that this is what is holding back the growth of its client base and does not allow the broker to actively expand its geography. Once Xero Market gets approval from a reputable regulator, it can win over more traders. The company has chances for this, it's just a matter of time. I decided to take a chance and opened an account on this platform a couple of months ago, so far I can not present any claims. The execution of transactions is fast, the profit is withdrawn without problems.

Trafficer
2.4/5

I plan to continue cooperation with Xero Market, although initially, I doubted that I could earn something here and withdraw my profits. I decided to deposit $10 for the trial and work at least up to a hundred, and then look at the circumstances. Now I see that Xero Market fulfills its obligations and agreements. I can only complain about the support, which does not always respond quickly to questions during peak hours. The company needs to work on expanding its support staff.

Sam
3.4/5

To be honest, I got to the Xero Market platform by accident. I talked to a trader I know who was already working with this broker, so I decided to try it too. The company has really taken care of the comfort of trading. Yes, no frills here. The line of trading assets, as I understand it, is classic, I liked the MT4 terminal because it is intuitive and functional. Xero Market is perfect to start with, and I even have my first profit of $500. The broker has no problems with payment discipline.

Touqeer
3/5

Xero Market is a young but promising broker. The company did not scatter itself but is focused on cooperation with active traders. There are virtually no passive income opportunities. There is perhaps an affiliate program and a platform for social trading (but these are not classic investment programs). The set of assets is typical, such as energy carriers, spot metals, and Forex-based currencies. However, I am quite satisfied with these options.

Trader fx Sukabumi
3/5

I am neutral towards Xero Market. This broker does not indulge traders with anything unique or special. For example, the ECN has exactly the same conditions as many other companies, such as a fixed commission and a spread of up to 1 pip on majors. I opened a Regular account and the spread here is slightly higher, but the deposit is minimal. To earn extra money, I joined an affiliate network. The referral is typical, but it brings me $100-200 a month. I think if the broker fulfills its promises and still gets permission from a European regulator, the membership here will grow.

Idzzuan
3/5

Passive investors should just pass right on by because the Xero Market broker did not take care of any investment programs so that you could take a break from active trading. As an alternative, they offer an affiliate program and copy trading. For a trial, I registered as an investor on the Copytrader platform and I liked it. You just need to decide on the choice of a trader, whose transactions to copy to your account. The main thing is not to miss. Let's see how good my choice is. By the end of this month, I will see.

Bigbilion
2.5/5

I fundamentally disagree that offshore companies cannot be trusted. Yes, there are also fraudsters among them, so caution will not hurt. On the other hand, offshore companies enjoy more loyal taxation and use the saved funds to improve their service. For example, Xero Market offers really comfortable trading. Everything is simple here: 2 types of accounts, one platform. Beginners will appreciate the low entry threshold, while professionals will appreciate the wide margin trading opportunities.

DylanRobson
3/5

Yes, its trading conditions are really interesting, it has an initial deposit of $10, great leverage up to 500x, and an affordable markup from 1 pip. However, this is an offshore company, and I’m not ready to take risks. Although the broker claims that it plans to get permission from the European regulator, I don’t believe it. In Saint Vincent and the Grenadines, financial scammers who are aimed solely at deceiving traders choose this location the most.

Ectaco Athens,
1/5

I started trading with them 2 weeks ago. At first their online chat support worked fine and everything seems good. But now I start to be a little afraid about my money. I requested withdraw with Skrill since Friday and haven't approved yet. I contacted them using site's online chat and they don't answer. Neither my emails got answered. I think got scammed and they don't want to approve my withdrawal and give my money back

Daeng
1.7/5

I have been working with Xero Market since its initial launch in 2018. It is offshore and is not licensed for financial activity. However, this did not stop me because I was so inexperienced that I simply did not know that having a license is a guarantee of the company's honesty. Now I understand that I was really lucky because the broker honestly fulfills its obligations and does not block my withdrawals. But this is rare among companies from offshore jurisdictions. Among other advantages of cooperation, I can point out a low entry threshold and adequate spreads.

Taufiq
2,6/5

I started trading with this broker with a minimum deposit of $10, and now I have 200 times more money on my account. It is significant for me that Xero Market helps with making a profit, and the execution of transactions is fast. There are no complaints on the technical side, I did not notice slippages and requotes. The terminal works stably and without bugs, which is also very important. The only thing I didn't like was the sluggishness of the support. It seems that the employees of this company do not care about the interests of traders.