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CHOOSE A BROKER FROM THE TOP-20

XeroMarkets Review 2025

Oleg Tkachenko
Written by: Oleg Tkachenko Oleg T.
Contributor
Mirjan Hipolito
Fact-checked by: Mirjan Hipolito Mirjan H.
Cryptocurrency and stock expert
Updated:
Table of Contents

Brief Look at Xero Market

XeroMarkets, a trading name of MTG Capital SDN BHD, was registered in Saint Vincent and the Grenadines in 2017. The SVG FSA (Financial Services Authority of St. Vincent and the Grenadines), the country’s regulator, does not license or supervise Forex brokers. Consequently, XeroMarkets operated without regulation, raising concerns about its reliability. Despite this, a successful PR campaign and attractive trading conditions attracted traders to the platform.
In 2023, XeroMarkets declared bankruptcy and ceased operations. On May 2, 2023, company employees were notified by HR Manager Hanis Mutalib of the company’s financial insolvency and the termination of operations on May 14, 2023. MTG Capital SDN BHD management stated the decision came after ‘careful consideration and analysis of the financial situation, current market conditions, and future forecasts.’
Long before the official bankruptcy announcement, numerous XeroMarkets clients reported withdrawal delays and unresponsive support. The bankruptcy ultimately prevented many clients from recovering their funds, as the company lacked regulatory oversight and, therefore, investment protection.

User Satisfaction i

Score:
5.9/10

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Grimmow
1 year ago

Good afternoon. I think that now this company is not working... At least I can't contact support for a week now. I want to withdraw money from my trading account. I write to them, but no one answers me. Nobody responds to requests. Most likely I got screwed.

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Quadirdar
2 years ago

It is a terrible broker. I didn't like trading in Xero Market at all. They promise one thing but actually do something else. I deposited $800, but $400 is already left. There is nothing good to be expected with such trading and with so many freezes

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Robertnom
2 years ago

I do not think that this company deserves the praise that some users write. There is nothing special about her, and what she tries to stand out from others does her a disservice.

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palenysMi to Robertnom
2 years ago

I don’t know where I didn’t read reviews about this broker, everywhere they are negative. Traders have long understood that it is impossible to contact this company. Everyone paid their price...

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arskiyeyLen
3 years ago

I have been "waiting" for the withdrawal for more than a year ... I have already reconciled myself, another scam, I applied wherever I can, nothing. Don't trust. Another scam - don't be fooled. And don't believe empty promises.

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brandieep18
3 years ago

Xero Market has standard terms. If you want to trade with close to zero spreads, open an ECN account and pay commission per lot. If you prefer to pay only the markup on the spread, then your option is Regular. By the way, the deposit requirements are loyal for both types of accounts, and the commission per lot is lower than other ECN brokers. Of the minuses, this is the lack of cent accounts, the presence of an inactivity fee and the inability to trade with MT5 (only MT4 is supported). You can copy trades, but trust accounts are not available, and the affiliate program is offered only to introducing brokers. Spreads will not be called low, rather they are average. The terminal for the most part works stably, but sometimes it hangs and dies.

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ashik4u
3 years ago

I traded with Xero Market for a while, but then I found a broker with more interesting conditions. However, for a launchpad, this company may well be considered. It makes a good impression with its classic set of trading instruments and a simple technical toolkit. Yes, it will not be able to compete with more solid competitors, but over time, everything can change. The broker has been operating for only 3 years. This is not enough to satisfy all the "wishes" of customers and reach the top.

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Igor111153
3 years ago

Considering that the entry threshold on the Xero Market platform is only $10, I can call the trading conditions quite adequate. I use ECN myself, there are spreads from zero and a fixed commission for each lot, which is $5. For training, this broker should be considered. After that, I recommend looking for another site. There are brokers with a wide range of assets, additional services to improve the comfort of trading, and passive earnings.

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Be careful and cooperate with the trusted brokerage companies only.

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Team that worked on the article

Oleg Tkachenko
Oleg Tkachenko Author and expert at Traders Union
  • Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.

Learn about our editorial policies.

Dr. BJ Johnson
Dr. BJ Johnson Developmental English Editor
  • Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito
Mirjan Hipolito Cryptocurrency and stock expert
  • Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).