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X Charter
Suspected Fraud
Suspected Fraud

X Charter

🇿🇦
  • Forex
  • Brokerage
Within 1 year
Website

Current Rating

0.94

Industry Tier

E

Profile

X Charter, also known as X Charter (Pty) Ltd, is an online financial services platform. X Charter offers products and services across forex, commodities, stocks, and cryptocurrencies. Currently, it does not provide services to residents of certain jurisdictions, including the United States, Iran, North Korea, Europe, and the United Kingdom. The official website of X Charter is: https://x-chartermarkets.com/, supporting popular languages such as English, Chinese, and Japanese.

Corporate Entity Information of X Charter:

X Charter claims its regulatory address is located on the first floor of the Kildare Centre in Newlands, Cape Town, which differs from the registered address provided on its official website at 4140 Parker Rd., Arlen, New Mexico. This discrepancy in addresses may draw the attention of potential clients or partners, necessitating further verification of the company's actual operating location. The domain name of the official website was registered on January 30, 2024, less than six months ago from the publication date (March 21, 2024).

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Regulatory Information of X Charter:

X Charter claims to operate under the supervision of the South African Financial Sector Conduct Authority (FSCA), holding a financial services company license, with license number 53197. Holding an official regulatory license indicates that X Charter is subject to a certain level of regulation and standards in providing financial services.

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Account Opening Process at X Charter:

The process of opening an account with X Charter involves visiting its official website, registering, filling out personal information, email verification, completing identity verification, and funding the account. This process involves standard security and identity verification steps, ensuring that the registration process for new clients is both thorough and aligned with the financial industry's common requirements.

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Account Types at X Charter:

X Charter offers a variety of account types to meet the needs of traders at different levels. From standard accounts to Pro accounts, each type has its specific features like minimum deposit requirements, spreads, and whether commissions are charged. The Raw Spread and Zero accounts are particularly attractive to advanced traders seeking the lowest spreads and a transparent commission structure. By providing such a wide range of account options, X Charter aims to serve clients with diverse trading strategies and capital sizes.

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Trading Products at X Charter:

X Charter opens up a rich and diverse trading platform to traders, offering a wide selection of more than 1000 market instruments. This allows traders to flexibly choose and invest in various asset classes to match their trading strategies and market preferences.

  • Forex Market: Traders can speculate on currency pairs in the major, minor, and exotic markets, taking advantage of global currency value fluctuations to pursue profit.
  • Commodities: Traders can also access a range of commodity markets, including but not limited to precious metals like gold and silver, as well as energy products like oil and natural gas, and even agricultural products like wheat and corn. This provides an opportunity for those looking to diversify their investment portfolios through commodity markets.
  • Stocks: X Charter provides a platform for traders who wish to directly invest in company stocks. Here, investors can buy and sell shares of publicly traded companies from around the world, covering various industries and economic sectors.
  • Cryptocurrencies: With the continual maturity and expansion of the digital asset market, X Charter has also joined in offering popular cryptocurrency trading options, such as Bitcoin, Ethereum, and Ripple. This provides an entry for traders seeking to invest in the rapidly changing cryptocurrency sector.
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Trading Software at X Charter:

X Charter supports the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as its proprietary X-Charter trading application.

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Spreads and Commissions at X Charter:

X Charter offers a maximum leverage ratio of 1:Unlimited, allowing traders to adjust leverage levels according to their trading strategy and risk tolerance.

Regarding spreads and commissions, X Charter presents a variety of account types to meet the needs of different traders:

  • Standard Account: Offers spreads starting from 0.2 pips without any commission charges. This account type is suitable for those who prioritize low trading costs.
  • Raw Spread Account: Features the lowest spreads starting from 0 pips, but charges a fixed commission of up to $3.50 per trade per side. This account is suitable for traders willing to pay extra commissions for tighter spreads.
  • Zero Account: Provides zero pips for the first 30 trading instruments, while starting to charge a commission of $0.2 per lot per side. This account attracts those seeking the lowest spreads while accepting a competitive commission structure.
  • Pro Account: Combines competitive spreads starting from 0.1 pips with no commission fees, especially suitable for those who prioritize low spreads and instant execution without wanting to pay any commissions.

Social Media at X Charter:

The official website of X Charter does not display its social media sites.

Customer Support at X Charter:

Email: support@x-chartermarkets.com

Phone: (239) 555-0108

Summary:

The registration information of X Charter is rather vague, and it also lacks corresponding social media. The website domain name is newly registered. Currently, X Charter is indicated as “Suspected Fraud” on Traderknows.

User Reviews

0.94

Rated by 1 people

All Rating

tk.6cdcbfe9ab76938c

tk.6cdcbfe9ab76938c

1.0

04-21

Xcharter là một sàn lửa đảo. Tôi không thể rút được tiền.

Anonymous User

1.0

03-29

x charter là công ty lừa đảo, tôi không thể rút tiền, mỗi lần đề nghị rút tiền đều bị từ chối.

FAQ About X Charter

01

What is the official website of X Charter?

The official website of X Charter is https://x-chartermarkets.com/.

02

Is X Charter legit or scam?

X Charter is currently listed as Suspected Fraud on TraderKnows.

03

What kind of company is X Charter?

X Charter is a Forex, Brokerage company.

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South Africa
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Forex
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