Xeodis

Investigating Xeodis: A Comprehensive Review

Xeodis is yet another scam broker that promises traders the moon. It boasts the most modern platform, a wide selection of markets and instruments, and even has a license. All that’s left is to register an account, fund it, and start trading to reap a profit. However, we would advise against rushing into it. Something tells us that the money deposited into accounts with this company will never be returned to their owners. Want proof that the project is fraudulent? Read our review below.

Overview of Xeodis

How to evaluate the honesty of a broker and the prospects of working with them? It’s necessary to carefully analyze all the available information about some company, starting with what is published on the official website. That’s where we’ll begin our review of Xeodis.

Broker History

Information from the company’s history is worth starting with as it can provide a lot of interesting insights. For example, it can demonstrate the team’s experience and their ability to achieve success, clarify the broker’s plans, and expectations for working with them. Ultimately, transparency positively impacts the platform’s reputation.

However, Xeodis doesn’t take the easy route. Indeed, why publish undeniably useful information from history when on “About” page it can be easily replaced with irritating descriptions of the company’s merits? Moreover, these descriptions are quite dubious, as they are not backed by facts and are present on the websites of 99% of scam brokers. They even fail to mention the platform’s founding date, so that particularly astute visitors waste time searching for it. We will certainly find it through external sources, but Xeodis’ approach won’t escape close scrutiny.

Xeodis.com Website

We’d like to tell the project owners that the developers of their official website are earning money undeservedly. The page layout resembles the work of a novice web designer. While a black-and-white color scheme may be considered classic, on Xeodis’ pages, it looks very poor. The numerous images and even the main banner on the homepage seem out of place.

Moreover, everything loads very slowly. Additionally, during loading, a huge white Xeodis inscription on a black screen and a rather large animated image are just annoying.

There are no fewer complaints about the page content. It leaves an impression of dreadful unprofessionalism. It seems that the content managers are also doing their job for the first time but forgot to even inquire about the specifics of brokerage activities and the interests of traders.

Just consider:

• On “Markets” page, there aren’t even extended descriptions for groups of trading instruments. We hoped to find contract specifications there, but that would have been too difficult for Xeodis’ “specialists.”
• Fill an entire section, “News & Tools”, with free news and widgets created by third-party developers. Of course, this required huge efforts, but Xeodis managed it.
• On “Platform” page, briefly describe all the advantages of the terminal in just two words. Moreover, highlight access to different markets and the ability to trade in real-time as its main advantages.

In short, the result is both unattractive and informatively useless. Why does Xeodis need such a website? To mark its presence on the web. This sorry excuse for a resource that is unfit for any other purpose. For attracting clients, the broker has other means, typically not entirely legal.

Registration Process and Personal Account

We also have some insights about the registration process for new clients at Xeodis. First and foremost, attention should be paid to the form that needs to be filled out. An ordinary website visitor can handle this in just a couple of minutes.

The following information needs to be entered into the fields:

• First and last name.
• Email address.
• Phone number (select country code from the list).
• Date of birth.
• Full postal address.
• Account currency (choose from the list).
• Promo code (if available).

It’s also mandatory to check the boxes indicating that a future client of the broker:

• Accepts the terms of the User Terms of Service, Data Privacy Policy, Trade Execution Policy, Know-Your-Customer (KYC) Verification Policy, and Risk Disclosure Notice.
• Is not a citizen of the USA and is not their tax resident.
• Agrees to receive promotional mailings and notifications from the company.

Here, Xeodis has attempted to demonstrate that it is a regulated broker and operates in accordance with service standards. It almost succeeded, if not for a few differences:

1. Regulated brokers, at least in Europe, conduct a questionnaire to determine the client’s status — retail or professional investor. The status determines the available trading conditions and instruments. Apparently, Xeodis is unaware of this.
2. Before opening an account, licensed companies must verify at least part of the contact details. Well, our platform, of course, is above such formalities.
3. For brokers operating under a real license, the user can register independently. Xeodis doesn’t allow this luxury. After submitting the completed form, a user receives an error message and is prompted to contact support to resolve the issue.

Of course, support specialists will help create an account and provide authorization data. However, they will do this only for those clients who have dreamt of trading on Xeodis all their lives and are willing to deposit funds for it without hesitation. We don’t meet these criteria, so we never received an active account.

In essence, this approach is far from new and widely practiced by scam platforms. This method allows scammers to weed out users who can easily identify problematic brokers and leave negative reviews online. The door remains open only for newcomers who are willing to believe the promises of the project owners to earn a lot and quickly. Naturally, as a result, they part with their money forever.

Without an active account, we have no access to the personal account. Therefore, its convenience and functionality remain outside our scope. However, we are confident that the broker operates with one of the common templates used by scammers. Typically, they are characterized by a minimal set of functions.

Trading Platform

We’ve already mentioned that on the page dedicated to the trading terminal, Xeodis managed to briefly describe its main advantages in just a few words. In fact, the page itself was created primarily to provide links for downloading the software. However, neither launching the web version nor downloading the programs onto their devices (desktop or mobile) will be possible for website visitors.

The reason for this is that, according to Xeodis, the platform may only be accessible to registered users. Since we missed out on this opportunity, we were unable to view the implementation of the trading software.

We can only find one reason why traders are not given access to demo versions of the programs or the ability to download them without registration. Obviously, the Xeodis terminal is not as good as the broker claims it to be. To prevent a client who sees its shortcomings from leaving without funding their account, they need to delay the moment of getting acquainted with the software. When the money is in the balance, a user will have to work with what’s available rather than be choosy.

Most likely, for the same reason, there are no applications in the AppStore and Google PlayMarket. After all, you can leave reviews there, accessible to everyone. However, it’s worth considering another possibility: programs do not meet the store’s requirements, or their developer ended up on the list of scammers. Any of these scenarios allows us to doubt the quality of the software.

Contacts

The Contact page on the Xeodis website should contain all the ways for visitors to contact the company’s representatives. Unfortunately, the broker doesn’t offer many options. In fact, you can resolve issues with support:

• Through the online chat.
• By phone at +18007797763.
• By sending an email to support@xeodis.com.

There are also links to social media pages among the contacts. However, unfortunately, they do not work; they redirect visitors back to the same page. There’s nothing surprising for us in this either. Scammers do not value the opportunity to attract new clients from Social Media since they use their own methods. Therefore, they consider spending resources and efforts on creating groups and channels and maintaining activity in them to be irrational.

More indicative is another fact. Xeodis has not provided its registration address or its working office. It’s strange that the broker didn’t provide such crucial information, which traders inevitably refer to when choosing a platform.

Analysis of Services Offered by Xeodis

The quick overview of the official website is complete. The next step is to analyze its offerings for clients.

Funding and Withdrawal

Xeodis has decided not to allocate an entire page to describe the available payment methods and the conditions for conducting financial transactions. From its perspective, traders should be satisfied with a mention of these methods in the FAQ section. However, in this section, the broker only listed the options for settlements with clients:

• Bank transfers.
• Credit and debit cards.
• Electronic wallets.

The company considers the conditions for conducting transactions, such as limits, processing times, and commissions, to be insignificant details not worth discussing. This once again demonstrates how wonderfully the creators of Xeodis understand the interests of traders. Thanks to them, clients will have to find out these conditions for themselves.

Perhaps these details are provided in the client’s personal account (although we doubt it). However, we cannot check this due to the lack of an active Xeodis account.

Nevertheless, we have almost no doubt that the broker behaves similarly to other scam projects. It’s interested in maintaining anonymity and concealing its details from tax authorities and financial regulators. Therefore, users should expect the majority of financial transactions to be conducted via cryptocurrency wallets. In some cases, clients may be provided with card details and drop account information.

Xeodis Trading Conditions

Xeodis’ publication of trading conditions is a real disaster. Some of them, such as maximum leverage, are published on the website’s pages. However, it seems that different people did this, as the information significantly contradicts each other. For example, on the homepage, we see a leverage ratio of 1:400, while on the Platform page, it’s 1:200. It’s unclear which numbers are correct since they cannot be found anywhere else. Access to the trading platform would have helped in this regard, but we don’t have it.

Why focus on the terminal? Because in the account types table, the only data that can be attributed to trading conditions is the minimum deposit amount for each of the tariff plans.

Xeodis has six of them:

• Beginner with a deposit from $500.
• Basic with a deposit from $5,000.
• Trader with a deposit from $25,000.
• Premium with a deposit from $50,000.
• Investor with a deposit from $250,000.
• VIP with a deposit from $1,000,000.

The broker remains silent about other trade deal characteristics, such as minimum volume, spreads, and swaps, etc. Traders will have to determine them on their own, risking unjustified losses when entering and exiting the market.

However, the list of options is full of those unrelated to trading conditions. Examples include access to educational materials, receiving notifications about specific events, and personalized support. Experienced traders are not interested in them. However, they can play a decisive role in attracting newcomers who want to profit from the markets without exerting effort. In fact, it’s for them that Xeodis publishes these options.

Is Xeodis Trustworthy and Reliable?

The broker has made a great effort to convince us that it is a scam, and it has almost succeeded. The last step is to verify the official information about Xeodis and draw final conclusions.

Assessing Legitimacy

The broker has failed to provide the company’s address on any page of the website or in any document. This issue is exemplified by “Terms & Conditions” document. When attempting to open the document, which many brokers use to specify the origin and address of the company, an error occurs. Meanwhile, all other documents load and are readable without any issues.

By the way, the problem with “Terms & Conditions” text is much more serious than some traders think. In fact, a user cannot read and accept (effectively sign) the main agreement between the company and the client. Without such an agreement, trading loses its meaning. For example, a deposit may be interpreted as a voluntary donation. In this case, no court will help to retrieve the money.

Clearly, Xeodis has taken these steps hoping that the absence of an address will somehow justify the data for the fake license. Indeed, the broker only provides its number and mentions the vague International Brokerage Act.

Some may believe that the company has a license. However, we will say that without mentioning the regulator who issued this document, it’s worthless. In fact, it should be considered that Xeodis has neither an official registration nor a license, and its activities are illegal in any jurisdiction.

Established Track Record

We only need to check the broker’s creation date. Since Xeodis does not provide this information, we can use the whois service to find the registration date of the domain.

We see that the domain was registered only on February 1, 2024. This explains everything: the reluctance to provide historical information and the non-functional links to social media. It’s worth remembering that scammers are actively recruiting clients nowadays, so they may receive various offers from them. Traders should treat them with maximum skepticism.

Implications for Traders

Xeodis is a broker clearly created by scammers to collect and misappropriate traders’ money. Its license appears fake, and there’s likely no registration at all. The platform operates using only opaque methods. We would refrain from opening and funding accounts here and recommend everyone to do the same.

Strengths and Weaknesses