Connect with us

Published

on

 

Trendex Review

Trendex is a Forex and CFD broker that is based out of Hong Kong. The broker offers its clients a choice of 4 different account types:

  • Bronze: With a minimum deposit of €500, a leverage of 1:200 and a spread of 1.8 pips
  • Silver: With a minimum deposit of €5,000, a leverage of 1:300 and a spread of 1.5 pips
  • Gold: With a minimum deposit of €25,000, a leverage of 1:400 and a spread of 1 pip
  • Black: The minimum deposit is not specified, but the account has a leverage of 1:500 and a spread of 0.5 pips.

 

Website URL: http://trendex.co/

Founded: 2019

Regulations: Unregulated

Languages: English, Spanish, Russian

Deposit Methods: Visa, MasterCard, Bank Wire

Minimum Deposit: €500

Free Demo Account: No

Number of Assets: N/A

Types of Assets: Forex, CFDs

 

Trendex Withdrawal

If you wish to withdraw your funds from Trendex, you are in for a shock. The broker will not allow you to withdraw less than $100 at a time if you are withdrawing to your debit or credit card. And if you are withdrawing to your bank account, then you cannot withdraw less than $250.

Added to that, if you haven’t executed at least 10 trades on the Trendex platform, then you will be charged extra withdrawal fees.

This is not a friendly not a common practice and it sends out another warning signal that this broker is not to be trusted.

 

Trendex Sign up

High Minimum Deposit Requirement

The minimum deposit requirement demanded by Trendex is quite high at €500. Reputed and regulated brokers usually require you to put in about $250 as an initial deposit so that you can start trading.

 

Is Trendex Legit 

Activ8 is a popular trading platform that is solid and reliable. It was developed by Leverate, the creator of the Sirix trading platform.

Even though it is a web-based trading platform, Active8 is user-friendly, has good charting options and comes loaded with analytics tools. The platform also has a Strategies segment, where traders can choose from a range of trading bots, and also incorporate external market analyses.

Another plus is the levels of leverage offered by the broker in each account type. The Black account offers clients a maximum leverage of 1:500, which is quite favorable and appealing to all types of investors.

However, we also need to point out that high leverages come with correspondingly high risk.

 

Is Trendex Scam

After having gone through the Trendex website and having tried to create a trading account, we have come to the conclusion that this is a broker that cannot be trusted. There are too many anomalies that lead us to believe that this broker is a potential scammer.

Trendex is not regulated – even by the Hong Kong SFC, has no demo account, offers poor spreads, has a high minimum deposit requirement, has unfriendly terms and conditions, and is asking you to install and use the AnyDesk software.

These points all clearly show that you stand a very strong chance of losing your money if you invest with Trendex.

 

Trendex.co Review – Is Trendex Legit or Scam

Trendex claims to be owned and operated by a company called TRND HLDS Limited. This is a company that is registered in Hong Kong, however, on the broker’s website, there is no information given about its registration or license.

When we checked the online registry of the Hong Kong Securities and Futures Commission (SFC), the financial regulator of the territory, we did not find TRND HLDS Limited listed anywhere.

Based on this investigation, we can safely say that Trendex is an unregulated broker. And this means that it would be best if you did not trade with it.

 

No Demo Account

Another negative we found with Trendex is that it has no demo account. This means that a trader cannot check the trading conditions or experience the trading platform until he or she actually opens a live account and starts trading with real money.

Not having a demo account is typical of iffy brokers, so it’s another warning to stay away.

 

Problems Registering Account

Since the broker has no demo account, we tried opening a live account with Trendex. However, when we signed up, we were unable to access the trading platform or even view a client dashboard.

This is yet another red flag since if you cannot access the trading platform, there is no way to confirm that the Trendex actually offers the Activ8 platform. We also cannot confirm that the spread and leverages promised on the broker’s website actually exist.

 

Not-so-Great Spreads

The basic (Bronze) account offered by Trendex has a spread of 1.8 pips on the benchmark EURUSD currency pair, which is on the higher side by industry standards. It is also not favorable for traders.

 

AnyDesk Installation

The website also asks its clients to install as well as use the AnyDesk app. This software is a remote desktop tool that gives remote access to your personal computer.

So, if an unregulated broker asks you to install this app, it is a dangerous sign – all your personal information such as credit card details, bank account details and so on could be theirs for the taking.

 

No Support for Skrill

Skrill is one of the most popular online payments providers today, and the fact that Trendex does not have support for this payment method is a red flag.

The company recently instituted a new policy targeting scammers, and it will not partner with brokers that are unregulated, so that should give you a warning sign that Trendex is not to be trusted.

 

Disclaimer

This Trendex Review Article isn’t aimed at defaming Trendex nor is it targeted to promoting them. 

This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.

Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this Trendex reviews.

Team Xycinews is no third party and we can’t handle any queries whatsoever. 

 

@The Blogger Scientist

 

Sharing Is Loving 💕

 

Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Review

XQTraders Review— Is XQTraders Scam or Legit 24% Monthly Profits and Rewards Project

Published

on

In this review, we will describe why XQTraders is a legitimate company that you should invest in, and not a scam as you might have thought. You will also  be learning how to make money with XQTraders.

First and foremost, XQTraders is a trusted asset management firm owned by XQ Traders LLC, a Florida Limited Liability company incorporated on January 8, 2021, with the registered number L21000022681 and whose registered office address is at 7901 4TH ST N, STE 300, ST. PETERSBURG, 33702

 

XQTraders Review

XQTraders is a revolutionary firm changing the financial ecosystem with AI. The company offers a single investment plan that allows investors to earn 0.8% daily returns (up to 24% Monthly) for one year after which the invested capital returns to their account.

Should you need to withdraw the capital before the one year validity period, the company also offers the opportunity for cancellation. As a matter of fact, you can cancel your investment anytime and withdraw it.

If you are interested in their referral rewards, XQTraders offers a unique affiliate program that allows users to earn passively by simply inviting their friends to the website. At XQTraders, you are rewarded a bonus each time your referral earns a profit and your referrals are permanently tied to your account, so you continue earning your rewards for as long as they remain active.

The referral reward is paid daily as a percentage of your referrals’ daily profits which is withdrawable at any time, there is no restriction. The percentage of the profit also depends on your active investments. Below are the rates for various investment amounts.

  • $10-$99 (30%)
  • $100-$999 (50%)
  • $1000-$1999 (70%)
  • $2000 and above (100%)

As you can see from the list above, for investments of $10-$99, you get 30% of your referrals’ daily trading profits. For $100-$999, you get 50% and 70% for $1000-$1999.

If you invested up to $2000, you would get 100% of your referrals’ daily trading profits. In other words, you get the same amount your referral earns.

 

Referral Example:

  • Peter has an active investment of $2000
  • Peter refers Paul to XQTraders.
  • Paul invests $50,000.
  • The following day, Paul receives 0.8% Trading profit which is $400.
  • XQTraders calculates 100% of $400 and sends it to Peter as well.
  • Peter receives $400 daily for inviting Paul.
  • In a month, Peter will receive $12,000 for inviting Paul
  • Peter will continue to receive the amount from Paul.
  • If Paul increases his investments, Peter’s bonus will also increase
  • And there is no limit so long as Paul keeps earnings

The good thing about XQTraders is that the referral program is passive. You only need to invite a friend and watch your bonus grow steadily. Besides the referral bonus, you receive up to 24% Monthly ROI which is paid daily into your account.

Also, XQTraders offers users the opportunity to cancel their investment. As such, if at any moment you decide not to continue, you can cancel your investment and withdraw the funds to your wallet.

 

Is XQTraders Legit?

Although XQTraders is still new, it has proved legitimate. Before joining the website, I did thorough research into the company. First of all, XQTraders is a legally registered company. A search on the Florida State companies website shows that XQ Traders LLC is an active registered business.

Their Domain name (xqtraders.com), according to WHOIS, has been purchased upfront for a period of 10 years which shows that they have plans for long-term operation. Scam websites usually go for a one-year domain.

XQTraders also offer a modest return on investment. If you want to join XQTraders, I can assure you that they are legit. I signed up a few days ago and the experience has been amazing. They also offer 24/7 live support should you need any help.

 

Is XQTraders a scam?

No, XQTraders is not a scam. XQTraders is a legitimate company with regular payouts, as regular as clockwork every single day. The minimum investment is only $10. You can easily deposit some funds and try pulling out to confirm if it works or not.

 

How to Withdraw Funds on XQTraders

You can withdraw funds directly to your crypto wallet or generate a voucher code and sell it to other members. To withdraw to your crypto wallet, click on Withdrawal, select the cryptocurrency you want to be paid with, enter your wallet address and amount, and submit.

The minimum withdrawal amount is $5 only and there are no fees. Withdrawal processes automatically and takes less than 24hours.

 

How to Join XQTRADERS

Having gone this far, if you would like to join XQTRADERS, here is a detailed guide. Registration on the website takes only a few seconds. Firstly, copy this link, https://xqtraders.com/?rf=praise and paste it in your browser or click here. After that, click on the Join Now button. Fill the registration form. On the sponsor username, enter sage or leave it if it is already entered by your device.

After filling the form, click on Submit. It will ask you to verify your account by entering the code sent to your registered email. Open your email and search for XQTraders. Sometimes, the email enters the spam folder or the promotional folder. Locate the verification code and copy it or click the verification link to verify directly from the email.

After verifying your account, the next step is to make a deposit. There are two ways to deposit funds on XQTRADERS. You can fund your account using Cryptocurrency or by Voucher Code. To fund using cryptocurrency, click on deposit and select Crypto Deposit. XQTraders supports Bitcoin, Litecoin, Dogecoin, Ethereum and USDT.

Deposit is processed automatically, you don’t need to contact anybody after sending the coin to the address assigned to you.

To fund your account using Voucher Code, you will need to purchase the code from an existing XQTRADERS user. You can also generate codes from your account and sell them to your referrals. This is especially important when you refer somebody that is not familiar with cryptocurrency.

After funding your account, the next step is to invest. Click on Investments from the dashboard, select Make Investment, enter the amount you want to invest and confirm your investment by clicking “OK”. Once your investment has been submitted, your daily profit starts counting and will be paid to your account every 24hours.

The investment will also allow you to earn commission on your referrals’ profits. You can always check your commission rate by scrolling down the dashboard.

Click here now to visit the website and start your registration

 

Continue Reading

Review

Alux homes Investment Review – Real Estate as a Multi-million Asset

Published

on

 

Alux Homes on their Funds we page published that it is by far one of the best investment companies in the world. It is a revolutionary investment platform that pays it’s members weekly. 

Furthermore, they claimed every client who makes an investment in trade with them can be sure that cooperation with them is a guarantee of deposit security, timely payment and stable growth of income.

 

Alux homes Review

By the end of this one you should have a clear understanding of how wealth is built through real-estate and why the rich always have some part of their portfolio invested in land and buildings.

Historically, the real estate market has outperformed goal in terms of store of value and returns. Expectations being the events post 2007, but even then smart investors have picked up properties with a discount.

Real estate is one of the safest investments one can make, because the value of properties very rarely go down and even then it’s only for short periods of time.

The trending markets are seeing even more rapid growth. For the past decade, central real-estate has appreciated on average by 6% per year, effectively doubling in value every 10 years or so.

Anywhere in the developed world you have access to banks. Banks provide credit if you’re employed and prove that you have the means to pay back the money.

It’s never been easier and cheaper than it is today to have access to capital. Many governments are offering preferred interest rates when it comes to buying a home. Learn about these programs and take advantage of them.

In some cases there’s as little as 5% money down on a credited investment backed by the state and everybody has access to these types of crediting programs.

Real estate investors do that as well, when interest rates drop, they go to a different bank take out a credit, pay for the previous one and now pay less than they used to, keeping more of the rental money in their pocket.

Continue Reading

Review

Omich Prime Review – Is Omich Prime Scam or Legit

Published

on

 

NOTICE: In as much as Team Xycinews aims to deliver a near perfect review, we have a lot of Platforms on our Log to review & a lot already reviewed. Sadly this limits us from backdating to track the status of already reviewed platforms.

Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.

Always check our article’s published date & the comment section below for users opinion. Thanks ♥️

 

Omich Prime Review

OmichPrime claims to be one of the best business platforms in the world, that’s fully registered and has complete documents as required by the regulating government body.

Omich Prime also claims that it has what it takes to take your financial status to the next level.

Omichprime wants you to Invest in any of their packages and keep your fingers crossed while they help you grow your money. No daily tasks, no sharing of adverts whatsoever.

 

Omich Prime Investment

Omich Prime makes investments with the funds paid by her members. They return these funds to their investors after 30 days with a 52% ROI.

Bronze BR

  • For 30 Days: ₦ 10,000
  • 52% ROI

 

Violet VI

  • For 30 Days: ₦ 20,000
  • 52% ROI

 

Silver SIL

  • For 30 Days:₦ 30,000
  • 52% ROI

 

Gold GD

  • For 30 Days:₦ 50,000
  • 52% ROI

 

Maroon MAR

  • For 30 Days:₦ 100,000
  • 52% ROI

 

SiliconSIL

  • For 30 Days: ₦ 200,000
  • 52% ROI

 

Indigo IND

  • For 30 Days: ₦ 500,000
  • 52% ROI

 

Amber AMB

  • For 30 Days:₦ 1,000,000
  • 52% ROI

 

Pearl PEA

  • For 30 Days: ₦ 2,000,000
  • 52% ROI

 

Heist HEI

  • For 30 Days:₦ 5,000,000
  • 52% ROI

 

Omich Prime Referral Program

For every online platform, the referral model follows a pattern, all company wants to promote its product, app or site so they offer all potential users the opportunity to share their link, make a new member, and earn a bonus as reward.

The same model is applied on the Omich Prime site. After a successful sign up or registration, you proceed to login to be enable to share your referral link, make new membership and earn a referral bonus.

 

Is Omich Prime Safe and Credible

In ascertaining the credibility of a platform before outrightly assuming that Omich Prime is scam or Omich Prime is legit is very discreet, this makes a lot of factors even the slightest one so so important.

While documenting this Omich Prime review, I did my best to search and found no information on the founder of this platform.

I believe knowing the background record of a brand owner is a step forward into knowing how legitimate it is and the reputation of the Profile.

Omich Prime provides no verifiable information about who owns or runs the company on its website.

 

Is Omich Prime Legit 

From analyzing how Omichprime works, we come in conclusion that it is a ponzi scheme “rubbing peter to pay paul”, and thus, it won’t last, and late investors will loose their funds heavily.

Omichprime claims that it is registered under the laws, but then there’s no documented proof that Omichprime is duely registered to operate as a financial entity.

Omichprime claims that they make money through forex trading, and cryptocurrency trading, but then, there’s no proof to back up their claims.

 

Is Omich Prime Scam

Primarily, Xycinews Media contents is to give an overview of platforms and what they entails to help you decide if proceeding with them or Investing only what you can afford to lose.

  • Do you think Omich Prime is scam?
  • How you being defrauded?

With a lot of platforms on our desk to review for the general public, we might not be able to keep track of Omich Prime on a regular. Please help us by dropping a comment and this will help other potential investors from falling prey or proceeding to invest.

 

Disclaimer

This Omich Prime Review Article isn’t aimed at defaming Omich Prime nor is it targeted to promoting them. 

This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.

Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this Omich Prime review.

Team Xycinews is no third party and we can’t handle any queries whatsoever. 

 

 

Continue Reading

Trending

  • bitcoinBitcoin (BTC) $ 59,718.00
  • ethereumEthereum (ETH) $ 2,146.64
  • binance-coinBinance Coin (BNB) $ 502.67
  • xrpXRP (XRP) $ 1.40
  • tetherTether (USDT) $ 1.00
  • cardanoCardano (ADA) $ 1.27
  • polkadotPolkadot (DOT) $ 41.32
  • litecoinLitecoin (LTC) $ 250.72
  • uniswapUniswap (UNI) $ 30.27
  • chainlinkChainlink (LINK) $ 33.77
  • stellarStellar (XLM) $ 0.601113
  • bitcoin-cashBitcoin Cash (BCH) $ 681.57
  • theta-tokenTheta Network (THETA) $ 12.38
  • filecoinFilecoin (FIL) $ 177.06
  • usd-coinUSD Coin (USDC) $ 1.00
  • dogecoinDogecoin (DOGE) $ 0.075195
  • vechainVeChain (VET) $ 0.142683
  • tronTRON (TRX) $ 0.123002
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 59,690.00
  • solanaSolana (SOL) $ 28.54
  • eosEOS (EOS) $ 6.72
  • bittorrent-2BitTorrent (BTT) $ 0.008949
  • okbOKB (OKB) $ 21.58
  • terra-lunaTerra (LUNA) $ 15.21
  • crypto-com-chainCrypto.com Coin (CRO) $ 0.228957
  • moneroMonero (XMR) $ 323.46
  • iotaIOTA (MIOTA) $ 2.07
  • compound-ethercETH (CETH) $ 42.98
  • cosmosCosmos (ATOM) $ 21.61
  • bitcoin-svBitcoin SV (BSV) $ 270.62
  • binance-usdBinance USD (BUSD) $ 1.00
  • tezosTezos (XTZ) $ 6.40
  • aaveAave (AAVE) $ 369.61
  • neoNEO (NEO) $ 64.15
  • ftx-tokenFTX Token (FTT) $ 50.01
  • nemNEM (XEM) $ 0.474127
  • avalanche-2Avalanche (AVAX) $ 32.01
  • elrond-erd-2Elrond (EGLD) $ 233.68
  • kusamaKusama (KSM) $ 443.51
  • algorandAlgorand (ALGO) $ 1.49
  • pancakeswap-tokenPancakeSwap (CAKE) $ 25.28
  • huobi-tokenHuobi Token (HT) $ 19.94
  • holotokenHolo (HOT) $ 0.020300
  • cdaicDAI (CDAI) $ 0.021317
  • compound-usd-coincUSDC (CUSDC) $ 0.021879
  • daiDai (DAI) $ 1.00
  • enjincoinEnjin Coin (ENJ) $ 3.23
  • hedera-hashgraphHedera Hashgraph (HBAR) $ 0.372402
  • havvenSynthetix Network Token (SNX) $ 19.16
  • dashDash (DASH) $ 279.82
error: Content is protected !!