BaitAlert

• XTrend Lite (FSCA – South Africa)
• XTrend Speed (FSCA – South Africa)
• Ehamarkets (LFSA – Malaysia)
• Pocketoption.com (MISA – Comoros Islands)
• More to be added …

Like many of those trading platforms, that are licensed under weak and untrusted financial regulators, those above are not the exception. Those licensed under regulatory body that is not considered a strong or trustworthy financial regulator like the UK’s FCA, the US CFTC, or the EU CySEC. Many brokers regulated by an unknown regulator operate in jurisdictions with limited investor protection. So in short if you get scammed then you can do nothing about it.

Reviews

On major review platforms like Trustpilot, many of user reviews are negative, with users repeatedly calling those a “scam,” reporting blocked withdrawals, lost accounts, and poor support. These patterns are common in reported scams or poorly run brokerages, where deposits are accepted easily but withdrawals and account issues become complex.

Costumer support

Many traders report that support responds promptly when you deposit money, but becomes slow, unhelpful, or disappears entirely when you request a withdrawal or question account issues. Some users describe support offering vague excuses rather than concrete help when serious issues arise.

Conclusion

While those trading platforms present itselves as a global trading platforms, multiple critical issues – from regulatory ambiguity and weak licensing to widespread negative reviews and withdrawal problems – make them risky for most traders. Without strong oversight from major financial authorities, reliable consumer protection, and transparent operations, putting real money on this platform can expose traders to significant financial loss and limited recourse.