We recently spotted XtreamForex on our radar screen. The offshore broker is allegedly operated by Marshall Islands registered Xtream Markets Ltd and Grand Investing Ltd and claims to have a license in the Marshall Islands. However, such an offshore license would be irrelevant to most other regulatory regimes in this world. According to Similarweb, XtreamForex was visited mostly by U.S. residents between Sept and Oct 2022. In December, on the other hand, most visitors came from Pakistan, Turkey and Vietnam. Stay Far Away.
Key Data
| Trading name | XtreamForex |
| Business activity | CFD broker |
| Domain | https://xtreamforex.com |
| Social media | LinkedIn, Twitter |
| Legal entities | Xtream Markets LTD GRAND INVESTING LTD |
| Jurisdictions | Marshall Islands, Cyprus |
| Authorization | No |
| Leverage | up to 1:500 |
| Contact data | +357 96750500 (WhatsApp) |
| Payment options | Credit/debit card, bank wire, crypto |
| Payment processors | Perfect Money FXPaymentServices (https://secure.fxpaymentservices.com) |
Short Narrative
We think that XtreamForex is run by people from Cyprus. For example, the broker communicates with its clients via WhatsApp using a Cypriot cell phone number.
As payment processors we have discovered the Russian Perfect Money as well as the anonymously operating FXPaymentServices through which credit/debit card deposits are processed. Besides, customers can also deposit with cryptos.
Clients of offshore brokers are not protected by any investor protection schemes or financial ombudsman services. Therefore, in our opinion, you should not choose offshore brokers for high-risk CDF speculation.
Share Information
If you have any information about XtreamForex, its operators and facilitators, please share it with us through our whistleblower system, Whistle42.
