XTBFX
We checked XTBFX against the AskCheck register. It has been reported (2024) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
The domain of XTBFX was registered in late May 2024, making it a relatively new website. The company's role is unclear, as it doesn't provide a clear image of itself in the financial industry—a red flag. While XTBFX claims to hold an MSB registration with the Financial Crimes Enforcement Network (FINCEN), it doesn't disclose any specific registration details. We searched for the company name on the FINCEN register and found no corresponding records. XTBFX is almost anonymous, providing only a phone hotline on the website, suggesting it might be operating out of the US. Given its claim of providing financial services for trading various derivatives assets, including stocks, FX, and cryptos, we searched the registers of relevant US financial regulators but found no records. In essence, XTBFX is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. XTBFX appears to be a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report XTBFX.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.