Global Broker Regulation Inquiry App
WikiFX
ryad22 
1-2 years
Does XpoMarkets have any cons?
Broker Issues
Regulation
06-25
United States
WikiFX
Reply
Yes, one of the primary downsides of trading with XpoMarkets is the lack of regulation. As mentioned in this XpoMarkets review, the absence of regulatory oversight leaves traders without the protections and guarantees that regulated brokers offer. Another con is the limited customer support options, as they only provide email and phone support. This can be frustrating for traders who may need quick assistance. Additionally, XpoMarkets imposes an inactivity fee of £50 per month if an account is dormant for six months, which can be an issue for traders who don’t engage in frequent trading. Given these drawbacks, I would suggest carefully weighing the pros and cons before trading with XpoMarkets.
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