XTRgate is one of the newest crypto trading platforms on the internet. With the growing popularity of crypto trading, we have seen a rise in the number of similar platforms. All of them are trying to get a slice of the pie in this lucrative market. The problem is that this has led to an increase in the number of scams as well.
What is more troubling is that claims have popped up in forums and review sites saying XTRgate is one of the scammers. This prompted us to test the company’s platform to come up with this XTRgatescam.net review.
In order to determine whether you should go with XTRgate or stay away, we are going to look at what XTRgate is, how it works, what makes it great and the various scam claims. In the end, we will uncover the truth together, so keep on reading to find out.
What is XTRgate?
As mentioned earlier, XTRgate is a new company in the crypto trading scene, which is probably why there is some healthy scepticism to it. The company only started operating in 2019 and has already garnered a reputation for being an excellent platform for crypto traders old and new. XTRgate is registered in the Commonwealth of Dominica.
Right off the bat, we are starting to see that the company is showing signs of being legitimate. You can find all this information about its registration on the website, but this is the minimum information you need in this XTRgatescam.net review to know that you are not getting scammed.
How Does XTRgate Work?
To have access to their custom-built web trader, you need to create an account with them and deposit a minimum of 500 USD, EUR or GBP. Using their user-friendly and intuitive web trader, you can trade over 41 cryptocurrency pairs, including Bitcoin, Tether, Ripple, Dash, Litecoin, Ethereum and many more with ease.
The extensive range of cryptocurrency pairs makes trading easy and versatile. At the end of the day, you won’t be needing to join other platforms just to offload some of the cryptocurrencies you have earned. Sadly, some trading platforms offer a limited amount of pairs to trade, making it frustrating and not worth the price of admission.
They also have a number of account types to suit your trading needs, ranging from the Basic account to a Platinum account. Each account type has a different minimum deposit and comes with its own added perks. So if you want an account with all the perks, you can go with the Platinum account – just know it will cost you.
What Makes XTRgate Great?
Besides their diverse cryptocurrency offerings and account types, there are various other things that make XTRgate a great platform. From the moment you sign up, you will have benefits that you won’t get anywhere else, and you will quickly see that XTRgate is not a scam as some people are making it out to be.
To be honest, we have never seen a website that arms it’s traders with crypto trading knowledge like XTRgate. You have full access to their extensive library of tutorials, articles, e-books and courses on trading cryptocurrencies. And if you splurge for a Platinum membership, you will get your very own 1-on-1 trading trainer who will help you come up with your own personalised trading strategy.
Low Spreads and High Leverage
All cryptocurrency pairs have low spreads on the website, starting from as low as zero (this is quite rare). Not to mention that their leverages are some of the highest we have ever seen, starting from 1:2 or 1:5 on average and maxing out at 1:20. The best part is that it is all commission-free.
Highly Secure Website
Since this is a website where you will be entering your personal and financial information, they do not take security very lightly. The website uses the latest in SSL encryption, allowing you to safely enter your details without worrying that hackers will steal it. Not to mention that their website is regularly tested to identify and patch security breaches.
Easy to Withdraw Your Earnings
XTRgate offers a variety of options for you to credit your account. You can easily deposit funds using various debit/credit cards and e-wallets. You can even use direct wire transfers if you are so inclined.
Withdrawing is also easy since you can use the same debit/credit cards, e-wallets and wire transfers to withdraw your earnings. While the first two methods are free, wire transfers cost 30 USD to process. As soon as you make a withdrawal request, XTRgate will complete processing it within 24 hours. Then you have to wait for 3-7 days for the money to reflect in your account.
On top of that, there is no minimum withdrawal amount. This means that you can withdraw any amount at any time – after all, it is your money. Many platforms don’t allow you to do this and will usually require you to earn a minimum of 100 USD, GBP or EUR to request a withdraw.
Exceptional Customer Support
Customer support on these platforms is extremely important. Luckily, XTRgate offers exceptional customer support 24/6. You can contact them via live chat (this is integrated into every webpage), email or phone. One thing we loved when writing this XTRgatescam.net review is that their customer service agents are the most helpful and friendliest we have ever seen anywhere.
It is quite strange that anyone would make scam claims when they have been given such benefits, from education to customer support. This is something we realized while writing the XTRgatescam.net review. Such high standards can only add to the credibility of the website.
XTRgatescam – The Scam Claims
Unfortunately, XTRgatescam.net has its fair share of detractors. These are people who have lodged complains and even written reviews giving out false information to the public. Let us look at the common scam claims made about XTRgate and see if there is any truth claim to them.
XTRgate is Not a Scam
One scam claim says that the company is not registered. This is simply false, as we already know that XTRgate is a registered company in the Dominican Republic. XTRgate has a real physical address written on the website, showing that they are a real entity that deals in crypto trading.
What about being an off-shore company? Most companies actually move their operations offshore to take advantage of tax exemptions and to move away from stringent regulations. This is probably the reason why XTRgate offers its services commission-free.
Questionable Account Types
Out of the scam claims, this is by far the one that is a blatant lie. The accusation here is that XTRgate’s account information is ambiguous and offers no clear advantages. Not only that, they claim that the website has failed to provide information regarding the minimum deposit of each account type.
First of all, it is hard to take people who say this seriously, simply because XTRgate couldn’t have made advantages of each account any clearer. For example, the Basic account comes with 24/6 support, an educational centre, daily market review and pro webinars. The Bronze account throws in an account manager for one month.
Secondly, the deposit amount of each account type is specified. All this information can be found on the web page that describes the account types. After listing the perks of each account type, the deposit amount is listed below it. It is clear that these people have never even visited the website or ever made a deposit.
Minimum Deposit Is Too High
They claim that the minimum deposit of $500 USD, EUR and GBP is too high, but we have found that this is the standard for many high-quality platforms. Considering the benefits on offer and the perks that are associated with each account type, this is a great deal. XTRgate is a platform for serious traders to make some serious money, meaning the price of admission is well worth it.
Withdrawal Time is Too Long
With this claim, these people are saying that they had to wait for 15 days after their withdrawal request had been approved for the funds to reflect in their personal account. They then suggest that people make the minimum deposit first to test the platform before going further. However, this only puts unnecessary limits on serious traders who would benefit more by depositing as much as they want.
As XTRgate said, the funds will be available in your withdrawal method after 3-7 days from the time your withdrawal request has been approved. We tested this and found that it took 3-5 days on average for the funds to reflect in our personal account. So there is no need to hold back on the deposits.
XTRgatescam – Summary
To conclude this XTRgatescam.net review, we have looked into XTRgate to figure out if it is legit or a scam. By looking at how it works and the benefits it provides, one can easily conclude that there is no scam here. And once you factor in how easy it is to debunk the scam claims, it becomes obvious that the people making them are intentionally spreading misinformation to serve the interests of the XTRgate’s competition.