wXtpros is an online trading platform that claims to offer CFD trading services across forex, stocks, indices, precious metals, commodities, and cryptocurrencies. Its official website asserts that the company was founded in 2006 and provides professional trading solutions to clients globally. However, investigations reveal many suspicious aspects that cast doubt on its authenticity.
Basic Information About the Platform
The platform's official site indicates that it is operated by wXtpros Pty Ltd, with the domain labeled as wtxprox.online. Domain information shows that it was registered on July 26, 2024. At the same time, the site claims the company was established in 2006, showcasing a discrepancy that exposes potential falsification of its history, severely impacting the platform's credibility.
Trading Services Offered
wXtpros claims to offer a wide range of CFD trading services, including forex, stocks, indices, precious metals, commodities, and cryptocurrencies. However, the website fails to disclose crucial information such as trading leverage and commissions, which are essential for investor decision-making. Additionally, descriptions of account types (GO Plus+ and Standard accounts) and their pricing details are found to be directly copied from a well-known broker, GO Markets.
Although the platform claims to use MT4 and MT5 trading software, investigations have not found relevant information on MetaTrader's server list, suggesting that its claims regarding trading software may not be genuine.
Investment Plans and High Return Promises
wXtpros offers four investment plans with returns far exceeding the market average:
Investment Plan Overview:
- Leasing Plan: Investment amount is $58,000-$199,000, with a 3% daily return for 180 days;
- Mutual Fund Plan: Investment amount is $200,000-$499,000, with a 6% daily return for 90 days;
- Turnover Plan: Investment amount is $500,000-$1,000,000, with a 10% daily return for 60 days;
- Special Plan: Investment amount is $1,500,000-$10,000,000, with a 15% daily return for 30 days.
Agency Policy and Educational Resources
Agency Policy
wXtpros offers two agency cooperation models:
- White Labels
Services for financial institutions include branding and platform customization, and technical support. - Referral Program
Attracts traffic through websites or forums and earns commissions through user referrals.
Upon comparison, these descriptions are found to be identical to those of GO Markets, indicating not only a lack of development capability but also severe plagiarism in agency policy.
Educational Resources
The platform lists educational resources, including:
- Forex Beginner Course: Helps novices grasp basic forex trading knowledge.
- MT4 & MT5 Comprehensive Toolkit: Enhances functionality of MetaTrader platforms.
- Video Tutorials and Webinars: Offer learning support and exchange opportunities for traders.
- Trade Psychology and Strategy Articles: Help improve trading skills and psychological resilience.
These resources are highly similar to those on GO Markets' official site, indicating a lack of original development from the platform.
Regulatory Information and Company Address
wXtpros claims to be regulated by the Financial Services Commission (FSC) of Mauritius, with a company registration number 170969 and a regulatory license number of GB19024896. Verification shows that this information belongs to GO Markets Pty Ltd, which is registered in Mauritius. The platform misuses legitimate institutions' registrations and regulatory information to conceal its unregulated status.
Additionally, the corporate address published on the official site, Urb Jard De Guadalupe Cl Del Mediterráneo No 30 Antgo Cusc. San Salvador, is found to belong to an agrochemical company, unrelated to financial services, indicating apparent issues with the platform's address fabrication and regulatory claims.
Website and Traffic Analysis
According to Semrush data, the wXtpros site notes less than 100 visits per month, with almost no engagement. Also, its website template mirrors those of numerous known scam platforms including Protradesnexus and flexxaus pro. Such bulk website design deepens the suspicion that it is a scam platform.
Social Media and User Reviews
Puzzlingly, wXtpros has not established any social media accounts (such as Facebook, LinkedIn, Twitter), contrasting starkly with industry practices of reputable forex brokers. Furthermore, no user reviews or trading feedback can be found publicly, indicating a lack of genuine user base.
Contact Information
wXtpros provides the following contact information:
- Email: [email protected]
- Website Contact Form: Users may submit queries through the website form.
However, the lack of instant messaging tools or a telephone line makes the contact methods singular and unconventional by industry standards.
TraderKnows Media's Viewpoint
In all aspects, wXtpros is a newly established shell company masquerading with a falsified history, misappropriated regulatory information, and lacking regulation. Its high return promises, website template, and content plagiarism, along with similarities to known scam platforms, indicate it’s a highly suspicious platform, warranting high investor caution.
Risk Report
Based on analysis, wXtpros presents the following key risks:
- Forged Establishment Date: Claims an establishment year of 2006, though registered in 2024, severely affecting credibility.
- Unrealistic Return Promises: Offers returns far exceeding normal market figures without legitimate support.
- Fabricated Regulatory Information: Misuses GO Markets' registration details, lacking its own regulatory credentials.
- Severe Content Plagiarism: Account types, agency policies, and educational resources are copied from GO Markets, lacking independent innovation.
- Address and Operational Transparency Deficiency: Falsified company address with no real operational details shared.
- Questionable Platform Features: Low traffic, website template matches scam platforms.
- No User Reviews: No user feedback found online, further indicating lack of real trading activities.
- Limited Contact Options: Absence of instant communication tools or phone support; contact methods are inadequate.
Conclusion
All features of wXtpros suggest an extremely high risk of fraud. Investors should avoid any transactions with such unregulated and non-transparent shell platforms to prevent irreversible financial losses.
