XT.com Warning Review | Is XT.com a Scam? An In-Depth Look at Fake Trading Volume, Withdrawal Blockages, and Compliance Vulnerabilities

1. Platform Background and Development History

Founded in 2018, XT.com (official website: xt.com ) bills itself as "the world's first socially driven digital asset exchange." Its promotional highlights include:

• Tens of millions of users worldwide, covering 100+ countries and regions

• Daily trading volume in the billions of US dollars

• Provide spot, contract, pledge, financial management and other services

• Possessing “strong liquidity and global compliance team”

However, feedback from the community and third-party organizations is seriously inconsistent with its official propaganda. XT.com has been repeatedly questioned about fake trading volume, opaque compliance information, and failed user withdrawal cases.

2. Company Registration and Compliance Investigation

1. Place of registration and entity

• XT.com claims to be registered in the Seychelles and has offices in Dubai, Singapore and other places.

• No valid financial license was found with the Seychelles Financial Services Authority .

• There is no registration record for XT.com in the databases of regulatory agencies such as MAS Singapore and VARA in the UAE .

2. Domain Name and Technology

• The domain name xt.com was registered in 2001 and was used for other purposes in the early days. It was acquired and used as an exchange in 2018.

• Registrant information is anonymous and servers are hosted in multiple locations.

3. Contact details and transparency

• The official website only provides customer service email and work order system.

• User feedback tickets have not been handled for a long time and customer service often loses contact.

III. Regulatory Status and False Advertising

1. No mainstream regulatory license

• XT.com does not appear in the databases of FCA, SEC, CySEC, FinCEN and other institutions.

• Lack of any Proof of Reserves.

2. False advertising

• XT.com once advertised "global compliance" on its official website, but never disclosed its license number.

3. Lack of fund protection

• There is no compensation fund or insurance mechanism.

• User assets are at extremely high risk.

IV. User Complaints and Cases

1. Withdrawals blocked

• On Trustpilot , users generally complain about withdrawal failures or being frozen for no reason.

2. Fake trading volume

• CoinMarketCap shows that its daily trading volume is abnormally large, but the active depth and order book do not match the actual situation.

• The community generally believes that XT.com has serious fraudulent activities.

3. Coin Listing Risks

• A project owner posted on Reddit that after paying high listing fees, token prices were manipulated, resulting in losses for users. (See Reddit CryptoScams )

5. Third-party media and industry evaluation

• WikiFX : Risk score < 2/10, marked as "Unregulated".

• CoinGecko : Despite including XT.com, its "activity score" is much lower than similar exchanges.

• FX110 Exposure Area : Multiple cases of user rights protection have been collected.

VI. Financial Risk and Operation Model

1. Flushing : Falsifying activity through bot trading.

2. Withdrawal barriers : Blocking withdrawals under the pretext of risk control or compliance.

3. There is an influx of virtual coins : the threshold for listing is low and there is a lack of review.

7. Industry Comparison

8. BrokerHiveX Risk Dimension Scoring (including reasons)

• Compliance: 1/10 → No license, no regulatory filing.

• Transparency: 2/10 → The subject is blurred and the office address is virtual.

• User Experience: 2/10 → Complaints were concentrated about withdrawal failures and customer service disconnection.

• Fund security: 1/10 → Funds are not guaranteed and are at risk of being frozen.

• Public Reputation: 2/10 → Trustpilot and Reddit communities have a lot of negative reviews.

👉Overall Rating: 1.6/10 (Very High Risk)

IX. Rights Protection and Reporting Channels

1. Save evidence : deposit, withdrawal, and customer service records.

2. Reporting channels :

• FCA Complaints Portal

• US SEC Report

• Hong Kong SFC Complaints

3. Public exposure : Trustpilot, Reddit, FX110 spoke out.

10. Conclusion and Investment Warning

XT.com (xt.com) is an unregulated, high-risk exchange :

• There is a serious amount of fake trading volume;

• Cases of withdrawal difficulties are frequent;

• Compliance publicity lacks a practical basis;

• The community has a very bad reputation.

📌Investment Warning :
Investors should stay away from XT.com to avoid losing their funds.