Broker XP Review: In the review below, we take an in-depth look at the features brokerxp.com allegedly offers. This review basically answer the questions: is BrokerXp legit? Is Broker XP forex broker reliable? The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about broker XP. 

BrokerXP Trading Platform

This website is average looking at best, it is filled with questionable design choices. This broker does nothing to redeem itself especially since it does not seem to own its own trading platform, this is even made worse by the fact that it claims to posses an MT4 trading platform. 

Broker XP Account Types

In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.

After thoroughly checking we discovered that this broker has four account types

Broker XP Deposit and Withdrawal Methods

Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.

Users can deposit via Credit and Debit cards, and rave by flutterwave.

Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal

Is brokerxp Licensed?

Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.

Aside from the fact that broker xp doesn’t give any licensing information, we cannot ignore the fact that this Broker resides in the Marshall Islands. Marshall Islands is a place that attracts shady brokers because of their lack of proper licensing laws and a regulatory body.

Traders should always ascertain if a broker is licensed before investing in them. They should check regulatory bodies such as the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others. 

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Minimum Trade Deposit $100

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Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)

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Conclusion

We wouldn’t recommend using this forex brokerage, they do not impress us with the vague information they have provided.

In conclusion, we would not advise or recommend you to trade with brokerxp.com , as they don’t give any valid information concerning if they are a regulated broker, Leading us to the conclusion that they are not. Trading with them would likely result in you losing your money.

There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.