Overview

Xtreme Markets Ltd trades in Forex, commodities, indices, stocks, and cryptocurrencies. The company claims that it is registered and regulated with the Financial Services Commission of Mauritius but our research found out that they are not regulated.

Pros:

  • Provides several Promotions and Offers
  • Provides Islamic accounts
  • Min deposit of 5 $
  • Bitcoin Funding accepted

Cons:

  • Not regulated.
  • No Compensation Fund
  • High Leverage 1:1000
  • Forex Withdrawal issues.
  • Questionable Customer support

Platforms:

Mt4, Mt5

Is Xtreme Markets safe for traders?

Xtreme Markets raises several red flags such as lack of regulation, no compensation fund, high leverage, withdrawal issues, and unreliable customer support, making it potentially unsafe for traders. Reports of fund withdrawal difficulties and poor customer service indicate potential forex fraud.

VYFXB Analysis of Xtream Forex

Choosing a broker with lots of promotions and offers can be attractive for both new and experienced traders. Also, the option to use Bitcoin for funding provides a modern and flexible funding choice, but Bitcoin in itself is not regulated, along an unregulated broker could lead to a Forex scam. The lack of regulation and absence of a compensation fund create substantial risks for investors. While a high leverage of 1:1000 may seem appealing for potentially high profits, it also raises the risk of significant losses. Forex withdrawal issues and uncertain customer support add to these concerns. A significant number of Clients also consider them as the worst service provider. Traders should carefully research before investing to safeguard themselves from potential scammers.
Best Forex Broker -VYFXB Scale= 1.5/5