Read our 5X Trade review to understand why we strongly advise against trading with this broker. Just to clarify, this is a review of 5xtrade.com
5X Trade review – What the company says about itself: 5X Trade operate successfully around the globe and place great emphasis on providing professional and reliable services to all our clients. Our success is built on diversity, flexibility, transparency and open, reasonable pricing structures.
5xtrade.com aims to create long-lasting relationships with clients and empower them with the tools, knowledge and support needed to enjoy and excel in their trading endeavors.
Is 5X Trade Legit or a Scam?
After reviewing their website, we found they lack regulation by any financial authority. This is a major red flag! Without oversight, investors face a high risk of losing their funds with no legal protection. Additionally, the company collaborates with platforms that promote “automated trading software.” These platforms have a history of fraudulent activities.
Therefore, 5X Trade is an unregulated forex broker. Customers receive no protection, and funds are at significant risk.
Leave 5X Trade Reviews on Other Sites
To help others avoid falling victim, leave reviews on different platforms. Share your experience on review sites discussing 5X Trade.
If you have been scammed, post a comment in this site’s comment section. Scammers often create new websites under different names. If they contact you from another company, mention it in your review or inform us directly.
Clients
Reviews
& Rating
average
is 1.0 stars
How Does the Scam 5X Trade Work?
Unregulated brokers follow a common scam pattern. 5xtrade.com persuades potential clients to deposit funds, often with unrealistic promises. They may claim to double your deposit or guarantee profits. Do not believe these claims—it’s a SCAM!
Once the initial deposit is made, clients are transferred to a “retention agent,” a specialist in extracting more money. Beware of fake 5X Trade reviews; scammers often pay for positive reviews to mislead traders.
How to Recover Your Money from 5X Trade
If you have already deposited money and they refuse to return it—which is very likely—there may still be some ways to recover it.
What About Wire Transfers – 5X Trade Review?
If you funded your account via a wire transfer, a chargeback is not an option. In this case, you need to take stronger measures.
5xtrade.com review – Withdrawing Funds
If you have deposited money with them, submit a withdrawal request immediately, as your funds are never safe with an unregulated broker. However, this is where the real trouble begins.
When you attempt to withdraw funds—regardless of whether you have made a profit or not—the broker will delay the process for months. If they stall your request for more than six months, you will no longer be able to file a chargeback, meaning your money is gone for good. No matter how many times you follow up or insist on withdrawing your funds, you will not get them back.
Additionally, if you have signed a Managed Account Agreement (MAA), which essentially gives them full control over your account, they may deliberately lose all your funds, leaving you with nothing to claim.
5X Trade Review – Final Verdict
We created this 5X Trade review (5xtrade.com review) to warn traders about their fraudulent practices. Always research brokers before investing. For safety, only trade with regulated and reputable brokers. Avoid 5X Trade to protect your funds and ensure a secure investment experience.
We hope this review has been helpful. If you have encountered any issues while working with this broker, we encourage you to share your experience in the comments below. Your feedback is invaluable not only for other investors but also for us, as we strive to provide the most accurate reviews. By sharing your insights, you contribute to a well-informed community and help expose both fair practices and potential risks in the industry.
I have doubts about the fair execution of transactions with this broker. I cannot be sure of their honesty and lack of interest in my losses.
This Broker refuses to pay me when I withdraw. They are Scam!!! If you are still trading now they are waiting for time you will deposit large sum of money before they start their evil acts. Be warned!