WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Xinke Limited

Japan|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://xinkeexchange.com/en

Website

Rating Index

Contact

support@xinkeexchange.com
https://xinkeexchange.com/en
東京都中央区日本橋小舟町7-12-1001

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Other ways of contact

Broker Information

More

Company Name

Xinke Limited

Abbreviation

Xinke Limited

Platform registered country and region

Japan

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

This platform is a Ponzi Scheme. Please stay away! 3
Previous Detection : 2024-11-24
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Xinke Limited · WikiFX Survey

Users who viewed Xinke Limited also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

ATFX

8.92
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

FXCM

9.44
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

MiTRADE

8.49
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

Xinke Limited · Company Summary

Xinke Limited Basic Information
Registered Country/Area Japan
Founded year 2023
Company Name Xinke Limited
Regulation Suspicious Regulatory License
Minimum Deposit Not specific
Maximum Leverage 1:500
Spreads Starting from 0 pips
Trading Platforms Not disclosed
Tradable assets Forex, stocks, indices, commodities, cryptocurrencies
Account Types Standard, Premium, VIP
Demo Account Yes
Islamic Account No
Customer Support Email: support@xinkeexchange.com
Payment Methods Not specific
Educational Tools None

Overview of Xinke Limited

Xinke Limited is a recently established trading company based in Japan. Founded in 2023, the company has gained some attention within the trading community. Traders have expressed interest in the range of financial instruments offered by Xinke Limited, including forex, stocks, indices, commodities, and cryptocurrencies.

Xinke Limited provides multiple account types, including Standard, Premium, and VIP, catering to the different needs and preferences of traders. Besides, Xinke Limited does offer a demo account, which can be useful for traders to practice their strategies and become acquainted with the platform. However, it does not provide an Islamic account option for those who adhere to Shariah principles.

However, it is important to note that Xinke Limited operates as an unregulated broker with a suspicious regulatory license. The minimum deposit requirement is not specified, and traders can benefit from a maximum leverage of 1:500, which offers the potential for higher returns as well as high risks.

However, the lack of transparency surrounding Xinke Limited's trading platforms raises concerns. The undisclosed platforms leave traders uncertain about the reliability and familiarity they may expect, especially compared to the widely preferred MetaTrader 4 or 5 platforms.

When it comes to customer support, Xinke Limited offers assistance via email, serving as a means of communication for clients to address their inquiries and concerns. Unfortunately, the availability of other support channels, such as live chat or phone support, remains unspecified, potentially limiting the responsiveness and accessibility of their customer service.

basic-info

Pros and Cons

On the upside, they offer generous leverage options, allowing traders to potentially maximize their profits with a leverage of up to 1:500. They also provide three types of trading accounts to cater to different trading preferences. Furthermore, they offer demo accounts, which can be beneficial for traders to practice and refine their strategies without risking real money.

However, it is crucial to note that Xinke Limited operates without proper regulation. Additionally, customer support has been reported to be below par, with slow response times and limited assistance. Traders should also be mindful of potential high fees associated with trading, including overnight interest fees, deposit and withdrawal fees, and potential inactivity fees. These fees can impact overall profitability and should be taken into account when evaluating this broker.

Pros Cons
Generous leverage up to 1:500 Unregulated
Three types of trading accounts available Lack of trasparency
Demo accounts offered Poor customer support
Other fees can be high
Weak trading platform, no MT4, MT5 supported
No educational contents provided
Not recommended for beginner traders
pros-cons

Regulation

When it comes to selecting a brokerage firm, regulation is a crucial factor to consider. Unfortunately, Xinke Limited falls short in this area as it is not regulated by any major financial authority. Although they claim to have an NFA license, there are suspicions that it may be a fraudulent or cloned license.

Regulatory bodies play a vital role in ensuring that brokers adhere to strict guidelines and standards to safeguard the interests of traders. They provide oversight, monitor financial transactions, and enforce regulations to maintain a fair and trustworthy trading environment. Without proper regulation, investors may face increased risks, including potential fraud, manipulation, and a lack of recourse in case of disputes.

regulation

Market Instruments

Xinke Limited provides a variety of market instruments for traders, including Forex, stocks, indices, commodities, and cryptocurrencies.

Forex-Traders have the opportunity to participate in the Forex market, where they can engage in currency trading and take advantage of exchange rate fluctuations.

Stocks and Indices-Additionally, Xinke Limited offers access to global stocks and popular indices, allowing traders to speculate on the performance of specific companies or broader market trends.

Commodities- Commodities such as gold, silver, oil, and natural gas are also available for trading, providing opportunities for diversification and exposure to unique market dynamics.

Cryptocurrencies-Traders can engage in cryptocurrency trading to benefit from their inherent volatility.

market-instruments

Account Types

Xinke Limited offers three tiered trading accounts with different minimum deposit requirements:

Standard Account: The Standard Account is the entry-level option, suitable for traders who are new to the markets or prefer a simpler trading approach. The minimum deposit for the Standard Account is $500, providing traders with an affordable starting point to enter the markets.

Premium Account: The Premium Account is designed for traders seeking enhanced features and benefits. It requires a higher minimum deposit compared to the Standard Account. The exact minimum deposit for the Premium Account can vary, and it is recommended to consult Xinke Limited's official website or contact their customer support for specific details.

VIP Account: The VIP Account is the top-tier account option for experienced and high-net-worth traders. It offers exclusive benefits and services. To qualify for a VIP Account, traders need to meet specific eligibility criteria, including a significantly higher minimum deposit. The exact minimum deposit requirement for the VIP Account can vary, and interested traders should reach out to Xinke Limited directly for more information.

Account Type Minimum Deposit Maximum Leverage
Standard $500 Up to 1:500
Premium Varies Up to 1:500
VIP Varies Up to 1:500

How to Open an Account?

To open an account with Xinke Limited, follow the steps below:

  1. Visit the Xinke Limited website: Go to the official Xinke Limited website using a web browser.

  2. Click on the “Open Account” or “Sign Up” button: Look for the button or link that allows you to start the account opening process.

  3. Fill out the registration form: Provide the required information in the registration form, including your personal details such as name, email address, and contact information.

  4. Choose the account type: Select the account type that suits your trading needs and preferences, such as Standard Account, Premium Account, or VIP Account.

  5. Complete the verification process: Xinke Limited may require you to verify your identity and address by submitting relevant documents, such as identification proof and utility bills.

  6. Read and accept the terms and conditions: Carefully review the terms and conditions provided by Xinke Limited and agree to them if you agree with the terms.

  7. Fund your account: Once your account is successfully opened and verified, you can proceed to fund your trading account using the available payment methods.

  8. Start trading: After funding your account, you can access the trading platform provided by Xinke Limited and begin trading in the available financial instruments.

Leverage

Xinke Limited offers a maximum trading leverage of up to 1:500. This leverage allows traders to control positions that are 500 times the size of their initial deposit. It provides an opportunity to magnify potential profits, but it's important to understand that it also increases the risk of losses.

Before utilizing high leverage ratios, it's important to assess your risk tolerance and consider your trading experience. It's recommended to have a solid risk management strategy in place and to use leverage responsibly. It's also advisable to educate yourself about leverage and its associated risks through professional guidance or educational resources.

leverage

Spreads & Commissions

Spreads and commissions are an integral aspect of trading, but unfortunately, the specific details regarding Xinke Limited's spreads and commissions are not readily available on their official website. This lack of transparency can be a significant drawback for traders who rely on this information to assess the cost-effectiveness of their trading activities.

While Xinke Limited promotes 0.0 pips on its platform, the absence of detailed information or substantiating evidence may raise questions about the transparency and reliability of their pricing model.

spread-commission

Other Fees Applied

Xinke Limited imposes several additional fees on its clients, which include overnight interest fees, deposit and withdrawal fees, as well as inactivity fees. These fees can impact the overall cost of trading and should be taken into consideration when evaluating the broker's services.

There are several forex brokers that do not impose non-trading fees such as overnight interest fees, deposit and withdrawal fees, and inactivity fees.

eToro: eToro is a popular social trading platform that does not charge overnight interest fees, deposit fees, or inactivity fees. However, withdrawal fees may apply.

Plus500: Plus500 is a well-known broker that does not charge overnight interest fees, deposit fees, or inactivity fees. Withdrawal fees may be applicable, depending on the method used.

XM: XM is a regulated forex broker that does not impose overnight interest fees or deposit fees. Inactivity fees are not charged for the first 90 days of account inactivity.

IG: IG is a reputable broker that does not charge overnight interest fees or deposit fees. They also offer a fee waiver program for active traders, which can help reduce or eliminate inactivity fees.

Pepperstone: Pepperstone is a globally recognized broker that does not impose overnight interest fees or deposit fees. Inactivity fees are not charged for the first six months of account inactivity.

Deposit & Withdrawal

Xinke Limited offers several deposit and withdrawal methods to cater to the preferences of its clients. These methods include:

  1. Credit cards: Clients have the option to use major credit cards such as Visa, Mastercard for depositing funds into their trading accounts.

  2. Debit cards: Xinke Limited accepts debit cards linked to bank accounts as a convenient way for clients to deposit funds.

  3. Bank wire transfers: Clients can transfer funds directly from their bank accounts to their trading accounts through bank wire transfers. This method is suitable for larger deposits and provides a secure transfer process.

  4. E-wallets: Xinke Limited supports popular e-wallets like PayPal, Skrill, and Neteller, which offer clients an electronic payment solution for deposits and withdrawals.

It is of utmost importance for clients to thoroughly examine and assess the terms and conditions associated with each payment method offered by Xinke Limited. By dedicating time to this crucial step, clients can ensure that they have a comprehensive understanding of any potential fees or charges that may be applicable to their chosen payment method.

Trading Platforms

Xinke Limited does not disclose the details of its trading platform, and it is evident that they do not offer the renowned MT4 or MT5 trading platforms that are widely recognized in the industry. These platforms are renowned for their advanced features, intuitive interface, and extensive range of tools and indicators. As Xinke Limited does not explicitly state the availability of MT4 or MT5, it is recommended to seek clarification from the broker regarding the specific trading platform they provide, along with its features and capabilities.

Customer Support

Xinke Limited can be contacted exclusively through email at support@xinkeexchange.com. However, it is important to note that there have been reports of delays in response time, and the effectiveness in addressing clients' inquiries may be questionable.

The complete absence of direct phone support and online chat is highly detrimental to clients seeking prompt assistance. This lack of immediate access to customer support can lead to frustrating delays in addressing urgent concerns or resolving critical issues. Potential clients should be aware that Xinke Limited's failure to provide essential communication channels reflects a significant weakness in their customer support services.

Is Xinke Limited suitable for beginners?

questions

No, Xinke Limited may not be suitable for beginners due to several factors.

Firstly, the absence of regulation raises concerns about investor protection and the overall reliability of the broker.

Secondly, the lack of educational resources and limited customer support may hinder the learning process and assistance that beginners often require.

Additionally, the trading platform's limited features and the potential for high-risk trading, such as the availability of high leverage options, may not be suitable for inexperienced traders who are still developing their trading skills and risk management strategies.

Is Xinke Limited suitable for experienced traders?

Xinke Limited may be suitable for experienced traders who are comfortable with the risks associated with an unregulated broker. Experienced traders often have a deeper understanding of the market and are familiar with the potential risks involved in trading with an unregulated entity. They may also have their own risk management strategies in place to mitigate these risks.

However, it is important for experienced traders to carefully consider the limitations of Xinke Limited. These include the lack of regulation, which means there is no oversight or protection from a regulatory authority. Additionally, the absence of advanced trading platforms like MT4 or MT5 may limit the availability of advanced trading tools and features that experienced traders may prefer.

Conclusion

In conclusion, Xinke Limited is an unregulated broker that offers a range of trading services and features. While it provides a variety of tradable assets and flexible account options, there are significant drawbacks to consider. The lack of regulation raises concerns about the safety and security of client funds. Additionally, the absence of transparent pricing details and the limited availability of educational resources may hinder the trading experience for both beginners and experienced traders.

Moreover, the absence of advanced trading platforms like MT4 or MT5 may be a disadvantage for those who rely on these platforms for their trading strategies. The customer support options are limited, with only email communication available, which may result in slower response times and less efficient issue resolution.

It is crucial for individuals to carefully evaluate their trading needs, risk tolerance, and the importance of regulatory oversight before considering Xinke Limited as their broker. Engaging in thorough research, seeking alternative regulated brokers, and weighing the potential risks and benefits are important steps to make an informed decision in the competitive landscape of online trading.

Frequently Asked Questions about Xinke Limited

Q: Is Xinke Limited a regulated broker?

A: No, Xinke Limited is an unregulated broker, which means it operates without oversight from any major financial regulatory authority.

Q: What trading instruments are available with Xinke Limited?

A: Xinke Limited offers a range of trading instruments, including Forex, stocks, indices, commodities, and cryptocurrencies.

Q: What are the account options provided by Xinke Limited?

A: Xinke Limited offers three tiered trading accounts: Standard Account, Premium Account, and VIP Account. Each account type has its own features and requirements.

Q: Does Xinke Limited offer a demo account?

A: The availability of a demo account with Xinke Limited is not specified. It is recommended to contact their customer support for more information.

Q: What are the available customer support channels?

A: Xinke Limited can be contacted through email support at support@xinkeexchange.com. However, direct phone support and online chat options are not mentioned.

Q: What are the accepted payment methods for deposits and withdrawals?

A: Xinke Limited supports various payment methods, including credit cards, debit cards, bank wire transfers, and e-wallets. It is advisable to review the specific details and terms for each payment method.

Q: Is Xinke Limited suitable for beginner traders?

A: Xinke Limited may not be ideal for beginner traders due to the lack of educational resources, limited customer support options, and potential risks associated with an unregulated broker.

Review 4

4 Comments
Write a comment
All(4) Latest Neutral(1) Exposure(3)
No more
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com