GT247 Review is GT247.com a Legit or Scam Broker

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X-Trade Brokers – XTB Review

Leverage: 1:30

Regulation: FCA

Min. Deposit: 250 US$

HQ: UK

Platforms: MT4, xStation 5

Found in: 2002

XTB Licenses

  • XTB Limited – authorized by FCA (UK) registration no. 522157
  • XTB Limited – authorized by KNF (Poland)

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  • Our Review
  • X-Trade Brokers – XTB User Reviews
  • X-Trade Brokers – XTB News
  1. Is XTB safe or a scam?
  2. Trading Platform
  3. Accounts
  4. spread and overnight fee
  5. Leverage
  6. Deposits and Withdrawals conditions with a minimum deposit and withdrawal fee
  7. Conclusion

What is XTB?

XTB is a trusted UK and European market leading brokerage providing online trade solutions, through its headquarters in Poland and London (UK). XTB broker was actually the first firm which introduced forex trading in Poland, and now became 4 th listed largest stock exchange company.

XTB withholds global providers of FX and CFDs with offices in 12 countries in Czech Republic, Hungary, Italy, Turkey, Chile, Belize, Poland, Germany, Slovakia, Portugal, Romania, Spain and France, providing dedicated service and support on a 24 hours basis.

Awards

The broker performing its operation as a group, which has also won a notable amount of awards for both technology and service. One of the latest recognition

Highest rated FX & CFD Broker of 2020 | voted by Wealth & Finance International Awards

Trading Instruments

General brokerage and trading service offering includes a wide selection of opportunities, through a range of global markets over 1500, including Forex, Indices, Commodities, Crypto, Equity CFD, ETFs. Another mentioning worth a Crypto trading which includes trade on Bitcoin, Ethereum, Dash, Ripple or Litecoin by CFDs on 24/7 basis, with no requirement to hold wallet, leverage till 1:5 and quite cheap swaps – long 0.08% a day, short 0.04% a day and spread calculated only by 1% from target.

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Education

XTB is their goal to help develop each trading strategy, so that client can become profitable over the long-term. The comprehensive educational program develops skills and knowledge for every step with video tutorials and guides from Trading Academy, online webinars and live market analysis, community of minded traders – XTB’s Trading Club, one-to-one mentoring and development managers.

Is XTB safe or a scam?

XTB being European established brokerage accordingly follows and holds necessary registrations and regulations. The UK registered XTB company is respectively regulated by the biggest supervision authority the Financial Conduct Authority, is also regulated by KNF, and CMB.

Considering a strong reputation and sharpest guidelines of the regulation (read more about why trade with FCA regulated Brokers), XTB bringing confident trade with high protection. And actually, this is the main topic you should stick to while choosing a broker to trade with, means check carefully authorization of the company, as this is the only criteria that delivers a safe trading environment.

At XTB Limited, the safety of funds is paramount, therefore all client funds are held in a segregated account at all times, as well protected by the FSCS up to £50,000 per person in the unlikely event of insolvency.

Trading Platforms

XTB offering two main platforms that the client is able to choose from, as a mainstay XTB uses xStation5, which been recognized as an efficient choice and gained multiple awards for total trade transparency, real-time commentary, execution speeds and very comprehensive charting package.

xStation 5 voted ‘Best Trading Platform 2020’ by Online Personal Wealth Awards

Forex Magnates 2020 | Best proprietary fx platform

Nevertheless, the platform is fully customizable and very fast, including useful tools like calculators, advanced charts, trader statistics, bulk order closing, traders talk and progressive technical analysis. All settings, watch lists and workspaces are accessible from desktop, smartphone, laptop, tablet and even smartwatch.

XTB platform includes also a useful Market sentiment and displays the current situation of selling or buying trend of each market, as well as Top mover showing which markets gaining or losing. Another addition equity screener that filters stocks and searching for new opportunities.

Second offered by XTB platform is known to all trading world MT4, however, XTB enhanced features by fast, reliable trade execution, multi-asset coverage, No dealing desk execution, no requotes and all supported by Expert Advisors.

Accounts

XTB provides three types of trading accounts, while generally, XTB operational strategy shows a good value for money. The offering is based on tight spreads from 0.3 pips on market level execution along with bonuses for active trader.

Available accounts divided into Basic Account, Standard and Pro Account. Generally speaking, accounts featuring approximately the same options and benefits from the company, apart of the difference on swap rates and spread level which diverse from 2.0 pips for Basic, 0.35 pips for Standard and 0.28 for Pro accordingly, also in Basic account spreads are fixed and automated trading is not available.

For better understanding check out typical spreads at Standard accounts and also compare XTB fees to another popular broker AvaTrade.

Asset/ Pair XTB Spread – Standard Account
EUR/USD 0.8
Crude Oil WTI 4
Gold 35
BTC/USD 1%

For the XTB overnight fee or knowns as a swap rate, the broker charges a differential determined between the two currencies involved in the pair and whether the position is a buy ‘long’ or sell ‘short’. The fee originally varies from the currency to another, as an example, EUR/USD rollover on buying position is -12.037 while selling will let you gain 5.795.

Leverage

Being a European based broker, the XTB does not offer high leverage ratios recently due to the updates from the EU regulation ESMA. The traders may use a maximum of 1:30 level towards Forex instruments, 1:5 towards Stocks and even lower to some additional assets. Nevertheless, these restrictions are definitely done to protect trading orders and accounts themselves, as the higher leverage ratios may impose a significant risk for any trader towards money loss.

Thus, 1:30 is still a good level to maintain potentially successful trading, yet with lower risks involved.

Deposits and Withdrawals

There are several ways to deposit funds into the trading account, which includes the most popular and secure payment methods.

As for the minimum deposit amount, the XTB set required a deposit to start 250 US$, while active traders and PRO account may require some more balances in order to cover all necessary margins.

For the funding fees, Bank transfers and payment for both withdrawals and deposits by Credit Cards are free of charge and accepting the following currencies EUR, USD, GBP. Yet, other payment methods incur additional charges – 2% of the deposited amount, these are PayPal and Skrill.

To withdraw funds from your account, the client has to proceed with online request and choose where to transfer the money (nominated bank). Another pleasant feature that XTB does not charge an inactivity fee.

Conclusion

XTB Review as a multi-asset broker provides a well-balanced trading experience while regulated in several major financial centers, hence considered a reliable broker. Beyond quality service, the broker’s powerful platform and offerings to the clients earned excellent ratings and regards.

Being a client of XTB you will enjoy the benefits of a long-term relationship that building durable cooperation with active traders as one of the company’s main objectives. As a whole, XTB’s offers more than usual brokers do and that’s for sure worth clients note.

Nevertheless, ew will be happy to know your personal opinion about XTB which you may share in the comment area below.

PMT247 Review

I am a victim of PMT247, what to do ?

If you are on this page it’s that you are probably a victim of PMT247. You can’t withdraw your money, you are asked for money to withdraw or their support doesn’t answer you? It’s normal because it’s a scam. If you haven’t found a solution with your bank, we will explain the procedure to recover your money.

What makes us think PMT247 is a scam.

PMT247 is a broker without regular licenses, it can’t offer trading. He is blacklisted by the Italian financial authorities (CONSOB) because he offers trading in Europe while he has no licenses. It proceeds like many scams, once your money is deposited, you can’t withdraw.

How to get my money back ?

You only have to register for free on MyChargeBack which is a company that fights against online scammers. After analyzing your registration, you will have a proposal by MyChargeBack. If you accept the proposal, your procedure to get your money back will start. It’s currently the only company offering a money recovery service with over 90% success. Many people don’t know that a recovery company exists but now you know that there is one that can help you.

We advise you before any investment in trading to take your time to choose a broker. Always look at several reviews on the same broker to be sure because brokers pay for fake reviews. Take the time to choose and never trust before doing research. Trading has always been a world with scammers and it will continue to be so unfortunately.

Feel free to leave a comment.

If you have a bad experience with this broker, leave a comment to help others avoid being scammed. We receive threats from many fraudulent brokers but nothing will stop us to help you.

Coins247 Review: Scam Crypto Broker?

Coins247 Review: Scam Crypto Broker?

92 Comments

Last Updated: Dec 21, 2020 @ 1:23 pm

Coins247 offers trading in a wide range of Crypto currencies. The platform states that they are the best way to buy, sell and trade leading Crypto currencies like Bitcoin, Ethereum, Ripple and many more. The platform is allegedly powerful and with strong security. In addition to this, Coins247 is offering us their service with minimal fees. In fact, they claim that this is the preferred trading platform for Crypto currencies. We take this claim with a pinch of salt because there is no way a website that was created two months ago can have so many users who even considers it the best destination for trading Crypto currencies.

As a matter of fact, the domain coins247.io was created in September 2020. It was registered anonymously but on their website, they tell us that the company behind the website is known as Sheffieland Limited and the company that handles payments on behalf of the platform is known as TM Capital LTD. TM Capital LTD is incorporated in Bulgaria on the physical address 1505 Sofia City, Sofia District, Metropolitan Municipality, Slatina Region, 21 Brichebor Str., app 4.

On the other hand, Sheffieland Limited is allegedly incorporated in Dominica under the registration Number 2020/IBC00303. According to the Coins247 website, the address of their company is situated at 8 Copthall, Roseau Valley 00152.

Coins247 also provides a support telephone number and email as well. This telephone number suggests that Coins247 is either based in the UK or one of their representatives is based in the UK.

So the question is, can we trust Coins247 with our money? Is this one of the safest trading platforms for Crypto currencies?

�� Want to make money automatically with Bitcoin and Cryptocurrencies without the risk of trading yourself? Are you ready for self-custody of your investment funds? Do you like the sound of regular consistent results and profitable performance? Tired of the forex and crypto scams, false promises and games out there designed to separate you from your hard earned funds? Stop everything! ETBOT is for you! With the ETBOT software, only YOU are in control of your investment funds. The software works using API Key connections that only YOU set up and control. The ETBOT service and mother company EndoTech has been making investors hundreds of percent a year in proven gains since 2020! They use the volatility of the Crypto market to trade long and short using breakout techniques and strategies powered by real Artificial Intelligence. This year so far ETBOT has made over 75% for clients since January 1st, 2020 . If you are ready to leave the trading to the professionals and upgrade your monthly income, now is the time, head to ETBOT now and buy your subscription to get started. PS: ETBOT is a Profitable Forex/Crypto Trading Bot. 100% Verified and Recommended by Valforex.com.

In the meantime, we want you to consider trading Crypto currencies using these reliable trading apps. Traders around the world have voted them and according to the their trading performance, we have no doubt that they are some of the best trading tools you can use on the internet today.

Coins247 Review

On this platform, you can trade a combination of the world’s most popular Crypto currencies. There are 4 different types of trading accounts offered by Coins247, and with all of these accounts, you can access leverage too.

The features of the accounts are as follows:

Basic account

Minimum deposit is $250 which is capped at $10,000. The maximum leverage provided on this account is 1:10. This account offers platform walk-through for beginners and there is also access to an account manager. Basically, this product is designed for traders who want to try their hands on Crypto currency CFDs.

Silver account

The minimum investment required to run this account is $10,000 and the maximum is capped at $25,000. Leverage is 1:20 and users can also access the services of a senior account manager. Unlike basic account type, silver account offers a deposit bonus of up to 75%. They claim that this account offers technical education meaning that the kind of training they will give is much more complex than the first account.

Gold account

For gold account type, Coins247 requires investors to deposit a minimum of $25,000 and a maximum of $50,000. Leverage is offered up to the tune of 1:30. Tech and fundamental education is offered in addition to daily Crypto signals. This account seems to be geared towards those who don’t want to perform trade analysis on their own.

ViP account

This account is designed for traders who can afford to fund their trading accounts with $50,000 and above. Leverage is 1:40 and traders also get access to VIP account manager. They offer tech and fundamental education in addition to 150% bonus.

Generally, the more you deposit with Coins247, the more you get features that will make your work easier. Having finished discussing all account types offered by this Crypto brokerage, we want to delve into certain issues which are of concern.

First of all, they claim that funds are held at an Australian based bank. This is available on their FAQ page where they state that their clients funds will be safe since they are held in a segregated account. However, on the footer of the site, they tell us that their payment processor is based in Bulgaria. The name of this company is TM Capital LTD.

So, this means that funds are actually not routed to this Australian financial institution which they claim to send funds to. The second concern has to be whether Coins247 is regulated. The company does not state whether or not they are regulated by the financial watchdog in the UK. The FCA does not have Coins247 in their database, and although Coins247 does not feign legitimacy by claiming that they are licensed to operate this kind of business, the fact of the matter remains that funds of their clients are at great risk since they are not held at segregated accounts.

The other issue with unregulated Crypto currency brokers like Coins247 is that it is easy for them to mishandle their clients since they don’t operate by a guidelines set forth by regulators. However, with Crypto brokers that are regulated, there is also a need to operate according to the strict guidelines which are set by the regulatory authorities.

Therefore, trading with Coins247 would be generally unsafe for any trader wanting to get into the Crypto currency market by trading Crypto CFDs.

The other issue is that this website is very new. It has not built itself any reputation and there seems to be zero client testimonials about this brokerage. You don’t want to be the first person to test their level of service because in the worst case scenario, you will get scammed.

Is Coins247 a scam?

Coins247 resembles cfreserve.com in terms of content and marketing style. In fact, these two websites have copy pasted content from each other which clearly means that they are owned by the same entity.

Lack of regulation is the first concern followed by lack of social approval. So Coins247 could be a scam.

Our best advice for you

There are better brokers to trade with and if the only choice you have is Coins247, you should be prepared for disappointments. In the meantime, check out these trading products.

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86 Replies to “Coins247 Review: Scam Crypto Broker?”

I’ve used coins247.io and personally think they are a legitimate operation. Their staff are professional, quick to a**ist and I haven’t had any issues with navigating their platform or making withdrawals.

Same here, i trust them, they sent me my money, too bad it took 3 months!

this is not me in the picture. is this site ok? why would you add a female face to my comment? i’m a man!

frank you get your money from them all good??

wie kann ich coins247 erreichen?

Helaas slechte ervaring. Zijn erg uit op je geld. Adviezen hebben mij veel geld gekost. Ik denk dat zij een andere agenda hebben dan ik als klant. 5000 euro verloren en moeite gehad afscheid te nemen. Mooie praatjes, daden minder…

They are definitely a scam broker.
As soon as I requested to withdraw money the account manager never made contact again.
The withdrawal was never made.

They are definitely scam and I can prove this. Try to take all your money and you will see.
Do not accept their bonus.

im in the same boat les just try to withdraw any money from your account , SCAMMERS

I believe they are a scam. I put in 250$ and then I changed my mind about working with them. I asked for my money back, now I can’t reach them. Coins247.io domain is gone. All emails are bouncing back. They steel money.

i have lost 13141 dollars whole trading platform and login has disapeaerd ph disconnected

Hi Glen, try coins247.net

Hi Hement, coins247.i is now coins 247.net

They are total scam. Very well organized, excellent trained group of approximately 10-15 people. They owe my 10 BTC Your money disappears in seconds, with l***, deceiving, scam advertising, false insurance, totally scam turnovers, they do not show their identity, not their true location, they usually still money by redirecting it thru Monero “back door”. If you love yourself avoid them. Many have already been scammed and we are joining in group legal prosecutions and possibly even more…

Mihael, I have had a terrible experience with Coins 247.io now .net
They scammed me out of £442,000 . over a 6 month period with very clever l*** and bonuses . I am near 70 years old and have lost almost all my net worth. I would be grateful if you can help and link me into your legal team to bring these people to justice and get my hard earned money back. I feel such a f*** being taken in by them !

same with me here I too lost, web site disappeared and .net ip server not available

In an email coins247 is asking for:
1. A clear color copy of a Valid Government
Issued photo ID (e.g. Pa**port/ National ID card/ Driver’s License) – front and back
2. A clear color copy of a Bank Statement or
Utility Bill (e.g. Electricity/Gas/Water/Phone bill) showing: your name, current residential address, issuing date within the last 6 months, and the company name and logo. Please note, a P.O.
Box is not an acceptable proof of residence.
3. A clear color copy of your Credit/Debit
Card ending in 9865 used to fund your account (front and back). Please ensure that the following appears on the credit card: the card holder’s name, expiry date, and the last 4 digits on the front, and signature (and the last 4 digits) on the back. For your rea**urance, please cover
the first 12 (front and back) digits and the CVV number (3 digits code) on the back of the card.
Do they need all this information to trade?

Hi Ron, when I signed up I was told that this was for security purposes to verify that I am indeed the person who signed up for the service and to ensure I wasn’t using my crypto account for money laundering.

they requested the same from me but this is a too personal info to just give to them specially online. so i don’t trust it. also i don’t understand that they did accept to open my account just by a mail address. they never asked for any ID when opening the account and taking the money but when i asked them to return the money suddenly all kind of info was needed. looks a Scam to me.

Have you been refunded yet?

Are you HIGH man? NO! he wasnt

Hi everyone – got my money back last week. had a call from customer service where they explained i did not deposit enough money and asked me to do another trade. i deposited 250 more and made 30 $ on top. than they released my money. CS was very helpful but i will not trade with them again.

i was refunded last week, best of luck Armin

Has your money been refunded yet?

I am in a wheel chair! thanks man!

Unfortunately I’ve fallen for this. For 4 days now I’m trying to withdraw my money back, and all they want is to call you. I accepted one call and said I want a withdrawal, and the same person sent me a mail where he heard that I wanted to trade?! (inert a lot of curse w***s here)

Have you been refunded yet?

I have asked for my moeny to be returned, and I’m told I can’t have it unless I provide lots of personal information. When you see their link appearing on reputable sites, you a**ume it’s not going to be a scam. Beginning to look like I’ve been fleeced like a f***.

Have you been refunded yet.

Guys
Just run away and don’t look back

Guys
Run away from there and don’t look back ever again. You are not smarter that those pricks!

They called me daily and insisted on investing 5000$ more i refused and asked for amount withdrawal. Different account managers call me and bulls*** about the market. They ask about personal info. Unprofessional staff they seem to be south african. Each day i am a**igned new account manager ! looks like i lost my money. Run away.

Yep! Seems like a scam alright. I was curious about bitcoin so thought I would have a flutter so gave them £500 to set me up. I stated categorically that I only wanted to buy into Swedish Government Bitcoin. That was on December 20th last year. By the second week they had done nothing then I had a guy (account Manager and South African) come online and said that he would fix it all up whilst I was online. OK! So I watched him. By the time I established contact with him on 9Th January the price had gone up from 0.19p to 0.35p per coin an apparent increase of 184%. No problem sasy he I’ll just backdate your entry date so now my investment looked as though it was £1,420.00. Not a bad increment?? Yeah but there is a catch! No transaction details, no receipts or trading notes, just keystrokes (that he made, not me) online. Long story short he then says if I give him another £1,000 he will turn it into £3,000 immediately and then I would have that as ‘Equity’ to deal in. Soon after and another dozen phone calls later he is saying that my investment is far too small as he is dealing in ‘millions’ from Investment Managers and Hedge funds. If I put in another £12,500 to £15,000 it would then be worth his while to be my account manager. At this moment I realised it was the age old scam, make it look like the client is winning and draw them in with more and more cash. I immediately realised at that point I have been had and asked for my original money back. Immediately my accounts were ‘closed’ and all balances shown as zero with my original cash so called purchases recorded online as 100% losses. I had not ever touched a button or administered a keystroke in the whole process yet not I have no cash balance, no equity and the account is registered as zero. I have repeatedly tried to contact the guy to no avail so I can now confidently claim this is an unholy scam. I cannot find an operator licence number for them. The same details as those shown above for the Company are the only ones that exist. They seem to be operating out of London as they are using UK phone numbers but when I asked for them for their postal address in London they were evasive and did not give me the information I requested. I suspect the phone numbers are the same as the Nigerians use. Routed from wherever they are based – I suspect South Africa but routed (and untraceable) via third countries into the UK… As so many above have said in their comments – run folks, run. They will steal your money….

Same here. looking for anyone who can shed some light

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    Top Broker!
    Best Choice For Beginners!
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    Big Sign-up Bonus!

  • BINOMO
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    Perfect For Experienced Traders!

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