Fraud or Legit: A Thorough XJX Coin Review
In the crowded landscape of online trading, where opportunities abound, so do the risks of falling victim to fraudulent schemes. XJX Coin is one such scam broker that lures unsuspecting individuals with promises of credibility and trustworthiness. However, a closer inspection reveals a web of deceit and deception.
XJX Coin Broker Website – http://xjxcoin.com/ and https://xjxcoin.net/
Website Availability – No
Location of Headquarters – Lukastrasse 2, 9008 St. Gallen, Switzerland
Ownership Information – XJX Coin
Regulatory Status – Unregulated
Blacklisted Status – The Central Bank of Russian Federation (Russia)
Domain Age –
Domain Name: XJXCOIN.COM
Registry Domain ID: 2248551617_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.namecheap.com
Registrar URL: http://www.namecheap.com
Updated Date: 2022-09-06T13:14:50Z
Creation Date: 2018-04-06T05:49:43Z
Registry Expiry Date: 2024-04-06T05:49:43Z
Lack of Regulation and False Claims
Although XJX Coin presents itself as a reliable forex broker, this couldn’t be further from the fact. It claims to be globally regulated, however, it lacks a legitimate FX license. Investors are exposed to financial fraud and fraudulent operations due to the absence of regulatory control.
Dubious Physical Address and Lack of Contact Information
While XJX Coin claims to operate from Switzerland, a reputed financial hub, the legitimacy of its physical address is questionable. Even though the firm claims to be situated in Switzerland, it does not present any actual proof connecting it to the location provided. Furthermore, the absence of a phone number and social media links for contact raises suspicions about its transparency and accessibility.
Unregulated Operations and Investor Vulnerability
Due to its lack of regulation, XJX Coin exposes investors to high risks without the safeguards provided by regulatory oversight. Investors are left exposed to possible losses and harm in the lack of protections against fraud and misbehavior.
No Demo Account Option
XJX Coin’s absence of a demo account option deprives traders of a risk-free environment to hone their skills and test strategies. Without this crucial feature, potential investors may hesitate to engage with the platform, particularly given its unregulated status.
High Minimum Deposit and Unjustifiable Costs
XJX Coin claims to offer three types of accounts – Beginning, Standard, and Premium, each with escalating minimum deposit requirements. The minimum deposit of 1,000 USD for the Beginning account is exorbitant, especially considering the lack of regulation and transparency. Investing such a substantial amount with an unregulated firm is ill-advised, particularly when legitimate brokers offer competitive rates with much lower initial deposits.
XJX Coin Review Conclusion
The XJX Coin reviews concludes by highlighting the risks associated with committing money to unlicensed FX brokers. Even with its professed legitimacy and reputation, XJX Coin works in a shady world where manipulation and dishonesty are the norm. Before using any online trading platform, investors should proceed with extreme care and due diligence. Being vigilant is essential in a field where fraud and scams abound if one wants to protect their financial interests.
As a last word of warning, anyone who has fallen victim to fraud schemes run by XJX Coin or other similar companies ought to get help from respectable organizations that specialize in recovering funds. Victims can seek options for getting their lost money back and making offenders answerable for their deeds with the correct assistance and direction.
Reclaim Your Lost Funds with Cyber Scam Recovery Services
If you have been victimized by an XJX Coin scam or any other fraudulent scheme, consider seeking assistance from reputable organizations like Cyber Scam Recovery, which specializes in fund recovery. Our free consultations can guide you through the process of recovering your funds, ultimately prioritizing your financial well-being. Stay watchful and informed to safeguard your financial interests in an ever-changing financial world.
If you have fallen victim to forex scams, cryptocurrency scams, or any other fraudulent activities, reach out to us for assistance and support.
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