Many investors have been defrauded by fraudulent brokers who offer too-good-to-be-true trading conditions in recent times. The online trading world is nowadays full of scams and fraudsters that make it quite strenuous to choose a genuine and reliable broker that will deliver as they promised. In this review, we will closely scrutinize Xudthsa.com, one of the companies involved in the online trading industry.
Overview
Xudthsa.com is a forex, commodities, and contracts for difference (CFDs) broker founded in 2020 and purportedly located in St. Vincent and the Grenadines. The company is relatively new, and there’s not much information found on its website. However, information about the company is scanty.
Is xudthsa.com Regulated?
The absence of regulatory information on xudthsa.com’s website raises a red flag. It is, therefore, difficult to ascertain if the broker is registered and authorized to operate or not. Reputable financial regulators are in place to monitor and regulate the activities of brokers, ensuring they follow strict guidelines to minimize fraud. Regulated brokers are important in providing traders with peace of mind and security as their funds are protected.
Warnings From Financial Regulators
We searched the major financial watchdogs for information about Xudthsa.com but found no mention of the company. The reason is this website is relatively new and did not cath the attention of the regulatory bodies.
What Currency Pairs Do They Offer?
On reviewing xudthsa.com, we discovered that it offers several currency pairs to trade with, including major, minor, and exotic pairs. There is also a wide range of assets that traders can trade, including commodities, indices, and cryptocurrencies. However, the absence of regulatory oversight encompassing the company’s offerings raises substantial doubts about the safety and reliability of trading with xudthsa.com.
Customer Support
The website claims to offer exceptional customer support to its clients, including a responsive live chat feature that’s readily available to offer assistance to traders. From our observation, the customer support team is very responsive and is quick to answer queries. However, that does not necessarily justify whether the company is suitable for investment, considering the lack of regulatory oversight.
Trading Method (MT4/MT5/Other Methods)
Xudthsa.com offers traders the option to trade via the popular MT4 platform. The trading platform is well-known and widely used worldwide, equipped with advanced charting, market indicators, and customizable charts. But, we did not find any demo to check the platform’s trustworthiness.
What Do Traders Think About xudthsa.com?
Based on our thorough research, there are several complaints about xudthsa.com, including withholding withdrawals and funds, scams, and fake reviews. Several traders’ feedback suggests that some users’ accounts are terminated without any apparent reason, making many traders lose their profit and some of their investment capital if not all. Consumers have cited instances of being unable to withdraw their funds and get a refund from the broker.
What To Do If You Get Scammed?
If you are scammed by a fraudulent broker, several steps should be taken to try and recover your investment. Firstly, you should contact your bank or credit card company to see if they can help retrieve stolen funds. Then you should contact Premiumrecoup.com immediately. We will analyze your case and will provide you with a free consultation and service recommendations to help you in recovering the lost fund.
File A Complaint Against XUDTHSA & Get Free Consultation
Final Thought
Many financial watchdogs warn people about unregulated brokers, and the absence of regulatory oversight is concerning. Trading with a regulated broker helps to mitigate risk by ensuring that users’ funds are protected. In conclusion, we would highly advise against working with xudthsa.com, and instead, work with properly regulated brokers to ensure safe trading.
