The broker offers its future clients to try their hand at trading and uses a proprietary platform for this purpose, on which more than 2000 assets are available. Sounds good, but what are the reviews of Xeodis on the internet, does this company inspire trust, what is its reputation? We will find out about this today.
Brief Overview
- š„Official Website: https://xeodis.com/
- āļøContact Address: No
- šCustomer Support: +85224354082, [email protected]
- šLicensing and Accreditation: MISA
- ā³Track Record: 2024
- š§°Specialization: trading
- š¤Terms of Cooperation: leverage by 1:400, deposit from $500
- š°Additional Services: referral program
Xeodis.com Examination
There are technical shortcomings on the broker’s website. If you go to the contact information section, you will see social media icons: Facebook, Pinterest, X, and Instagram. However, clicking on them does not redirect you to the corresponding website, but keeps you on the same page. This indicates that the broker’s portal is underdeveloped.
Furthermore, the company is trying hard to convey an image of reliability, claiming to be time-tested and trustworthy. However, in reality, it has not even existed for a year: its domain was founded only in 2024. It is doubtful that one can speak of reliability here: where is the guarantee that Xeodis is not just another fly-by-night company?
Another drawback we noticed was the intrusive chat bot. It distracts from browsing the pages and does not create a good impression of the project. More often than not, brokers who are so pushy do not answer clients’ questions when they actually need help.
Company Contacts
No address is provided on the broker’s website. We do not know where Xeodis is based or where to contact the management in person. Moreover, the names of the executives and employees were also not disclosed. We doubt that this is all indicative of a real broker.
As for other contact information, we did find the company’s profile on Instagram. However, the problem is that not a single person is subscribed to the profile. This suggests that the company is of no interest to anyone, which means it is not very reliable.
Key Conditions
The company offers 6 types of client accounts, ranging from novice to VIP. The minimum deposit is $500, and the leverage can be as high as 1:400. Additionally, users have access to free training, support, and market updates. It’s worth noting that a leverage of 1:400 is extremely high, exposing Xeodis’ potential traders to significant risk.
Over 2000 assets are available for trading, including currency pairs, stocks, commodities, and indices. Trading can be done on the company’s proprietary browser-based platform or mobile app. A proprietary terminal increases the risk of market manipulation.
Judging by the fact that there is a promo code field in the registration section, the broker has an affiliate program. However, they do not provide any information about it. Xeodis raises further questions because they do not provide full information about all of their services.
Exposing Xeodis
The company’s recent establishment poses an inherent risk of sudden closure. However, this is not the sole issue. While the license number and registration details are provided at the bottom of the page, the user agreement reveals that the legal entity is registered in the Republic of Mwali, an offshore jurisdiction. This significantly eases the company’s ability to deceive clients.
We checked the MISA register and indeed found Capital Connect Ltd with the website xeodis.com on the list of licensed entities. However, the clouds in the sun are caused by the fact that the license was obtained only on March 1, 2024, which once again indicates the extremely short period of existence of the company, and also by the fact that MISA is not a reliable regulator. Moreover, the status of this body remains unclear even for the authorities of the Comoros Islands themselves.
Furthermore, the disclaimer at the bottom of the page states that the broker bears no responsibility for any potential losses incurred by users. This clause provides Xeodis with a convenient loophole to avoid returning funds if they so choose.
What Reviews Do Users Leave?
Despite the company’s short operational history, there are already a significant number of reviews. A portion of these reviews are negative, with users complaining about intrusive staff, a poor platform, and difficulties with withdrawals. While there are some positive reviews, they appear to be very generic and likely fabricated. We have not found a single positive comment with concrete evidence of the broker paying out.
Conclusions
Our unequivocal conclusion regarding Xeodis is that collaboration with them poses a significant risk to both you and your finances. Their offshore registration provides a clear avenue for circumventing the law. Given their short operational history, there is a substantial risk of the company ceasing operations at any moment. We strongly advise against engaging their services.
Pros/Cons
- A wide range of assets.
- Offshore registration and regulation.
- Extremely short operational history.
- Lack of genuine positive reviews.
- Proprietary trading platform.
- Unknown physical address.
I was formerly a client of this brokerage firm. I was suspicious because the company is very young and has almost no positive reviews. I decided to give it a try, but soon realized I had been scammed. After depositing funds, the platform became unstable, and withdrawal requests were denied. As a result, I lost all my investments. I would not recommend this company to anyone.
Beware of scammers! I stumbled upon Xeodis by chance and decided to try my hand at trading. At first, everything seemed fine, and I was even able to withdraw a small amount. But when I decided to deposit more money to potentially increase my profits, my funds simply vanished. All my attempts to contact support were unsuccessful. It turned out that the company is registered in an offshore jurisdiction, making it nearly impossible to recover lost funds, even with the help of law enforcement. Don’t repeat my mistake, protect your hard-earned money!