Company Profile
Company Profile
Review summary
Note: XXLMARKETS' official website: https://xxlmarkets.com/ is currently inaccessible normally.
| XXLMARKETSReview Summary | |
| Founded | 2021 |
| Registered Country/Region | United Kingdom |
| Regulation | Not regulated |
| Market Instruments | forex, stocks, CFDs, indices, and commodities |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | From 2.3 pips (Bronze account) |
| Trading Platform | MT4, Web Trader, Tablet Trader, Mobile Trader |
| Min Deposit | $500 |
| Customer Support | Contact form |
| Phone: +44 7441427348 | |
| Email: support@xxlmarkets.com | |
XXLMARKETS was founded in the United Kingdom in 2021. It offers various trading assets, like forex, stocks, CFDs, indices, and commodities with leverage up to 1:500 and spread from 0pips. However, it currently has no any valid regulations.
Pros and Cons
| Pros | Cons |
| Various trading assets | Not regulated |
| Popular trading platform MT4 | Wide spread |
| High minimum deposit | |
| Lack of transparency |
Is XXLMARKETS Legit?
XXLMARKETS is not regulated by any financial authorities, even the local FCA shows no results about it. It means traders have the risks of being cheated. Traders should be alerted when trading.
What Can I Trade on XXLMARKETS?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Stocks | ✔ |
| CFDs | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
XXLMARKETS provides three account types: Bronze, Silver and Golden.
| Account Type | Minimum Deposit |
| Golden | $25000 |
| Silver | $10000 |
| Bronze | $500 |
Leverage
The leverage of XXLMARKETS is up to 1:500. High leverage always comes with high profits and high losses.
Spreads and Commissions
The spreads of XXLMARKETS are the same in the Bronze account and Silver account starting from 2.3 pips, and commissions are free for these two accounts. But the spread on the Golden account starts from 0.0 pips, and requires a commission of 1.2 pips per closed lot.
Other Fees
The only fee specified in the Customer Agreement is that for an inactive account – 60 USD per month.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Mobile and Web | Beginners |
| Web Trader | ✔ | Web | Experienced traders |
| Mobile Trader | ✔ | iPhone and Android | |
| Tablet Trader | ✔ | Web |
Deposit and Withdrawal
XXL Markets claims it can be pay through VISA, Mastercard, Web Money and Skrill, but in reality the only payment options appear to be bitcoins, bank wire transfers, and some obscure payment provider called Virtual Pay.
