XenitMarkets (xenitmarkets.com) Forex Broker Review
✅ TrustScoreFX Broker Review
🔍 Broker: XenitMarkets (xenitmarkets.com)
Reviewed: June 2025 | Status: 🚫 Scam Alert Issued
1. ⚖️ Regulation & Trust
XenitMarkets operates without any visible or verifiable regulatory oversight.
- ❌ No licensing from FCA, ASIC, CySEC, or other Tier-1 regulators
- ❌ No documentation of fund segregation or investor compensation schemes
- ⚠ Flagged on BrokersView as unregulated and risky
- Rating: ★☆☆☆☆ (1/5)
2. 🏢 Company Transparency
While the broker claims to have been operational since 2020, its corporate transparency is lacking.
| Transparency Element | Status |
|---|---|
| Legal Entity Disclosure | ❌ Absent |
| Jurisdiction | ❓ Unspecified |
| Headquarters Address | ❌ Not Provided |
| Regulatory Filings | ❌ Not Found |
| Audited Financials | ❌ Missing |
- Transparency Score: 3/10
3. 💼 Account Types & Flexibility
No structured account tiers or plan types are published. Details such as:
| Feature | Status |
|---|---|
| Minimum Deposit | ❓ Not specified |
| Leverage | ⚠ High (assumed) |
| Spread Type | ✅ Variable (claimed) |
| Swap-Free | ❓ Not confirmed |
| Demo Account | ❌ Not available |
The lack of clarity makes it difficult for traders to assess product suitability.
- Flexibility Score: 5/10
4. ⚙️ Trading Experience
XenitMarkets does not confirm support for:
- MetaTrader 4/5
- cTrader or proprietary platforms
- Desktop/mobile/web interface compatibility
Execution speeds are vaguely described as “fast,” but no performance data is provided.
- Feature Score: 5/10
5. 📈 Instruments Offered
The broker mentions CFD and Forex trading but fails to list supported assets or trading pairs. There is no transparency around:
- Supported asset classes (indices, crypto, stocks)
- Instrument count or trading hours
- Spreads or commission details
- Breadth Index: 5/10
6. 💳 Deposit & Withdrawal Process
Key issues:
- No breakdown of accepted payment methods
- No withdrawal timeframes or fees disclosed
- No refund policy or user testimonials on fund processing
- Transparency Score: 3/10
7. 📚 Education & Tools
The platform lacks educational content. There are:
- ❌ No trading guides or tutorials
- ❌ No webinars or analyst commentary
- ❌ No economic calendar or trade tools
- Resource Quality Index: 3/10
8. ☎️ Customer Support
There is no public information about how to contact support. There is:
- ❌ No live chat
- ❌ No phone line
- ❌ No multilingual support
| Support Element | Status |
|---|---|
| Contact Channels | ❌ Not Listed |
| Response Speed | ❓ Unknown |
| Support Languages | ❓ Unverified |
- Customer Support Rating: 3/10
9. 🌐 Reputation & Complaints
While the website features glowing but generic testimonials, external feedback is concerning:
- ❌ BrokersView issues a warning against using XenitMarkets
- ❌ No TrustPilot, Forex Peace Army, or forum discussions found
- ❗ Likely new or rebranded domain
| Sentiment Type | Source | Status |
|---|---|---|
| Positive | On-site only | ⚠️ Unverified |
| Negative | Review sites | ✅ Verified |
- Reputation Score: 3/10
10. 🤝 IB & Affiliate Program
XenitMarkets does not advertise any affiliate or introducing broker programs. If such a structure exists, it is not transparent.
- Partnership Appeal Rating: 2/10
11. 🧭 Unique Selling Points (USP)
✅ Claims made:
- “Stable and secure environment”
- Over 150 assets to trade
- Competitive spreads
📝 Editorial Commentary
XenitMarkets markets itself as a trader-focused broker but offers no proof of licensing, platform functionality, or fund protection. With third-party warnings and absent documentation, it falls short of industry transparency and safety standards.
12. 📊 Final TrustScoreFX Rating
| Category | Score |
|---|---|
| Regulation & Trust | 1/5 |
| Company Transparency | 3/10 |
| Account Types & Flexibility | 5/10 |
| Trading Experience | 5/10 |
| Instruments Offered | 5/10 |
| Deposit & Withdrawal | 3/10 |
| Education & Tools | 3/10 |
| Customer Support | 3/10 |
| Reputation & Complaints | 3/10 |
| IB & Affiliate Program | 2/10 |
📌 Aggregated TrustScoreFX Rating: 36/100
⚠ Status: 🚫 Scam Alert Issued
Badge: ❌ Not TrustScoreFX Verified
📢 Recommendations for Traders
- ❗ Avoid opening an account with XenitMarkets until regulatory licensing and platform functionality can be verified.
- 🔄 Withdraw your funds if already involved.
- 📑 Demand clear legal documents and client fund safety disclosures.
- ✅ Trade only with brokers that appear in Tier-1 regulatory directories (FCA, ASIC, CySEC).