Should offshore companies without serious regulation be trusted? Or are they all outright scams, making them unworthy of consideration as a brokerage partner? In this XNCapitals review, we will analyze a platform that lists its legal address in the Comoros Islands but exhibits multiple red flags.
Brief Overview
- 🖥Official Website: https://xncapitals.com
- ✈️Contact Address: PB. 1257, Bonovo Road, Fomboni, Comoros
- 📞Customer Support: support@xncapitals.com
- 🔐Licensing and Accreditation: –
- ⏳Track Record: 2024
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $100
- 💰Additional Services: –
Xncapitals.com Examination
The broker’s official website is neither professional nor high-quality. Many key sections are simply missing, such as descriptions of the trading platform and pricing plans. The “About Us” section contains no useful information about licenses or the company’s business model — just claims of 50,000 clients, over six years of experience, and a collection of meaningless phrases.
XNCapitals’ website may appear to have a minimalist design, but the real issue is that most essential details are simply not provided. Even the trading conditions are barely disclosed, but we will discuss those later.
The images on the website are generic stock photos from the internet, not real pictures of the team or the broker’s employees. The content is filled with vague marketing jargon like “Financial stability tailored to your needs”, which provides traders with no real information. If XNCapitals had instead disclosed its founding date, explained its business model, and shared the biographies of its founders, it would have helped build trust among traders.
Company Contacts
Contacting XNCapitals’ managers is only possible through a feedback form in the “Contacts” section. However, the chances of getting a response are extremely low. The broker also lists a phone number and an email address, but the phone number is displayed as 00 000 000 00 — clearly just zeros, not a real number. Verification of the email address also revealed that it was a fake. There is no online chat or messenger support available either.
Key Conditions
It is difficult to assess the trading conditions when they are not listed on the company’s official website. Furthermore, it is impossible to register an account to access the personal cabinet and trading platform, where some of this information might be available. There is simply no “Sign Up” button — only a login option for existing accounts.
This means XNCapitals deliberately hides its terms of cooperation:
- $100 minimum deposit.
- Educational resources and analytics.
- Traded asset classes: forex, precious metals, commodities, bonds, and stocks.
- Multilingual support.
Obviously, this is not enough. Traders need to know what commissions and spreads to expect. There might also be additional costs and fees they should be aware of. It is equally important to understand the available account types, whether a demo account is offered, and the maximum leverage allowed. The firm provides no information on these aspects, which is a major red flag. This is certainly not the approach of a serious and legitimate broker.
Exposing XNCapitals
To be honest, this platform already looks highly suspicious, leaving little doubt about its fraudulent nature. However, we need to complete our investigation.
So, let’s find out when XNCapitals got its start. The website claims over six years of experience, but we believe this is a lie. Here’s why: The domain was registered only recently, in November 2024, and its expiration date is November 4, 2025. This strongly suggests that the company has no plans for long-term operations.
Another important detail is the domain registrar. Namecheap is a well-known registrar frequently used by scam projects because it allows anonymous domain registration without strict owner verification. Additionally, the WHOIS data does not list the real domain owner — neither a legal entity nor company contact information.
In its User Agreement, XNCapitals refers to the legal entity FountainTech Ltd, which was registered with MISA (Comoros Islands) on May 2, 2024. Typically, a forex broker’s domain is linked to its registration, but in this case, the registry lists a different domain — fountaintech.net. This raises suspicions. Does this platform actually have any connection to this legal entity? We do not have a definitive answer, but the question itself is unnecessary.
MISA (Comoros Islands) is a weak and non-serious regulator. It cannot be compared to the FCA, CySEC, SEC, or ASIC, which strictly oversee forex companies. Many scammers intentionally register in jurisdictions like the Comoros Islands because obtaining a license there is easy, allowing them to scam clients with little risk. MISA will not protect traders’ interests.
What Reviews Do Users Leave?
There are very few reviews about XNCapitals on the internet, which once again proves that the company does not have six years of experience. However, this is not the only red flag. Almost all the comments are positive. How can a firm with such a short period of operation, hidden conditions, fake contacts, and no license have an almost 100% positive reputation? The answer is simple — these are fake reviews. The broker promotes itself by posting fabricated testimonials to attract the attention of inexperienced traders who won’t be able to recognize the deception.
Conclusions
Nothing new — this is just another offshore brokerage company with no guarantees of reliability. Trading with XNCapitals is the highest risk of losing all invested funds. No licenses, no experience, hidden conditions, and many other red flags — too many signs of fraud in one place.
Pros/Cons
- None.
- All important terms are undisclosed.
- Term of operation from 2024.
- No licenses from serious regulators.
- Few reviews on the Internet, as well as fake comments.
What kind of thinking does it take to give money to scammers? Clearly, this scam is aimed at complete beginners in trading, who will easily believe the fake online reviews, of which there are fewer than ten, and which only started appearing in 2025. I can see that this is an outright scam, without even an option to register an account. This makes me wonder: “How do these scammers find their victims?” If anyone knows the scheme, please share – it would be helpful for everyone!! In any case, my recommendation is simple: do not trust these fraudsters.