XCharter is a CFD broker with a domain registered on May 19, 2024. It mainly provides retail and institutional clients with trading services for financial derivatives such as stocks, futures, crude oil, gold, cryptocurrencies, and forex. This broker does not offer services in jurisdictions where it might violate local laws or regulations.
Company Registration Information and Regulatory Status:
According to the official website (www.xchartfx.com), the broker's full name is XCharter GROUP LIMITED, headquartered in London, UK. It is regulated by the US MSB and subject to its stringent audits and supervision, with MSB number 31000234126807.
Upon verification, no information about a company named "XCharter" was found in the UK Companies House or UK Financial Conduct Authority (FCA), while the US Financial Crimes Enforcement Network (FinCEN) website shows that MSB number 31000234126807 belongs to SJTCF GROUP LIMITED, not XCharter GROUP LIMITED. Therefore, this broker is essentially a non-existent entity posing as a fraudulent brokerage site.
Furthermore, the webpage design and content of XCharter (www.xchartfx.com) are identical to those of other fraudulent brokerage sites such as VTPTRADE, CTRL FX, PLSXA, HOTBGLOBAL FINANCE LIMITED, MONEYTT INTERNATIONAL LTD, and FXPRO COIN.
Account Opening Process:
To open an account with XCharter, visit the broker’s official website and click "Register" on the homepage or at the top right corner of the page to access the account registration page. Fill in the required personal information such as name and email address and set a login password. Once submitted, the account registration will be successful. After logging in, identity verification is required before deposits and trading can commence.
Trading Account Information:
The XCharter website does not disclose information about account types, trading leverage, margin call/stop-out levels, trading commissions, minimum/maximum trading volume, maximum open positions/orders, minimum price precision, or other trading account-related details.
Trading Platform:
XCharter offers a proprietary trading platform for both desktop and mobile users, claiming to provide over 50 technical indicators and intraday analysis tools.
Deposits and Withdrawals:
XCharter does not specify the supported deposit and withdrawal methods, fees, or minimum deposit/withdrawal amounts on its official website.
Conclusion:
Traderknows reminds investors that XCharter is a suspected fraudulent broker with unclear registration and regulatory information and false advertising. The only way to contact them is through email, making their contact method very limited. The website design and content are the same as other fraudulent broker websites like VTPTRADE, CTRL FX, PLSXA, HOTBGLOBAL FINANCE LIMITED, MONEYTT INTERNATIONAL LTD, and FXPRO COIN. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
