Today we are talking about another anonymous scammer. Of those who do their best to hide their activities from prying eyes, but invariably fall into our black list of fraudulent brokers. This is a project with a fanciful name Xyz510, which offers trading in financial assets on traditionally “favorable terms”. In the review, we will try to unearth official information about these "dark horses", and at the end we will draw conclusions about whether they should be trusted.
Learn how to withdraw money
Xyz510: is it possible to withdraw funds from a scam broker
Brokers cheaters Xyz510. Site analysis
The Xyz510 website is not a website at all. And the login page to the online terminal for trading financial assets. You could often see similar creations in our previous reviews on binarybets.ru. Such sites are not indexed by search networks. That is why the price for them is given the minimum.
The main and only page includes login and registration buttons, a broker logo, as well as a list of available languages for displaying pages. There is no information about what kind of project it is, its pricing, services, benefits. Therefore, without wasting time, let's start checking the official information.
Fraud broker Xyz510: licenses, registration
We remind you that the information voiced in our reviews is our personal opinion based on an analysis of information about the company that it provides itself, its customers and independent services. If you have experience in this project - share in the comments.
As already mentioned, Xyz510 does not provide registration data, information about licenses received and other official information.
We only checked the availability of a license from the Central Bank of the Russian Federation, since the site has a translation into Russian, which means it is adapted for traders from Russia. However, the result of this test was quite predictable. Nobody is going to issue licenses to anonymous crooks.
We were also amused by the documents (Terms and Conditions), the provisions of which Xyz510 customers accept during registration. The text is written in "invisible ink" - small gray letters on a background of almost the same color. Obviously, this was done on purpose so that no one could understand who he was really dealing with. But, on occasion, it will always be possible to tell the client that he himself signed up for the deception. Meanwhile, in such papers, scammers usually prescribe that they do not bear any responsibility for your money, do not guarantee the stable operation of the platform, can ban without explanation, refuse to withdraw money and change the rules of work unilaterally.
The registration form itself is also not typical for Xyz510. Everyone in a row will not be able to register on the site. In addition to the fact that the user must provide comprehensive information about himself, including the physical address, he must also enter a special promotional code.
From this we can conclude that scammers are looking for potential victims on their own, by cold calling or spam messages in instant messengers/social networks. And they give out this very password to enter only those who are ideally suited for the role of the victim.
And the last is the age of the project. Based on the verification of the age of the name, it appeared no earlier than October 2022. And the date of the last update is the beginning of November of the same year (see the very first screen at the beginning of the review). Knowing that adequate brokers do not change their sites because they invest millions in their promotion, we can conclude that these dates are the time when the broker entered the market. But to trust offices that exist for less than a year is a direct path to the loss of your investment.
In addition, the domain lease ends next year. This means that the organizers of the project are planning to close their shop in the near future, as soon as they have amassed enough money.
Brokers (scam) Xyz510. Trade offer, tariffs
There is no specific information on how exactly the Xyz510 project works on their website. Most often, in their mailing lists or documents, such scammers are limited to general phrases about using the trading platform and typical “advantages”:
- minimum investment;
- risk minimization;
- guaranteed income;
- security, deposit insurance;
- many useful features;
- round the clock support;
- bonuses, etc.
Believing all this is like expecting a money tree to grow in the Field of Miracles. All trading on this "modern platform" is a primitive imitation. No one will give you access to the real market. While your real money, after replenishing your trading account, is immediately sent to the pocket of scammers.
Real Reviews of Xyz510 Fraud Brokers
Despite the fact that the office has just begun its underground activities, the first negative reviews from deceived customers have already appeared on the Internet. Traders write that scammers really call them on their own and, under various pretexts, lure them into their trap, resorting to psychological manipulation and the eternal human thirst for easy money. Below you can see some of the real comments we found.
Is it possible to get money back from a fraudulent broker? This procedure is extremely complicated both legally and financially. Therefore, it is easier to prevent the loss of assets by reading our reviews and checking the information that companies publish. If you have been deceived by Xyz510 fraudulent broker, leave comments below this article. Perhaps it is your review that will save someone from losing money.
Conclusions: scam broker Xyz510, how to get back lost money
Summing up the results of our investigation, we list the signs of a scam that Xyz510 scam brokers caught:
- cheap, completely anonymous site;
- the inability to register on the platform on your own without a special promotional code;
- lack of contact details, information on registration and regulation;
- lack of a license from the Central Bank of the Russian Federation, despite the focus on working with Russian clients;
- fake documents that cannot be read;
- short life of the project;
- negative feedback.
We do not pretend that what is written in our reviews is perceived as the ultimate truth. But we only list the main signs that define scammers.
According to the results of our examination, withdrawal of funds from Xyz510 scam broker - impossible. Therefore, we do not recommend cooperation with him.
If you don't know how to get your money back from a scam broker Xyz510, fill out the form at the beginning of the review. We will send a step-by-step, illustrated algorithm of actions to your contact information, which will help you get a refund from a fraudulent broker.