Reading Time: 3 minutes SCAM RECOVERY

HandelXP Broker Review – Is A Brazen Trading Scam?

Broker HandelXP Review

HandelXP was yet another anonymous scam that extorted money and disappeared, leaving those involved with limited chances of getting their funds back. And that was the exact reason for our unbiased HandelXP review, to give more information and a potential solution.

Also, we want to invite you to read our recently updated AG Markets, Primefin and TradedWell scam broker reviews. For those unaware, their investment offers are too good to be true!

Broker Status:Unregulated Scam Broker
Regulated by:Unlicensed Company (No Regulation)
Scammers (inactive)
Operating Status:Active Forex Trading Scam
Blacklisted as a Scam by:BaFin (Germany)
Broker Owner:N/A
Headquarters Country:Luxembourg / Germany
Foundation Year:N/A
Online Trading Platforms:WebTrader
Mobile Trading:Only via web browser
Minimum Deposit:250 EUR
Deposit Bonus:No
Crypto Asset Trading:Available
CFD Trading Option:Yes, you can trade CFDs
Available Trading Instruments:Forex (FX) / Commodities / Indices / Shares / Cryptocurrencies
Maximum Leverage:1:200
Islamic Account:Not Available
Free Demo Account:No
Accepts US Clients:US traders are not accepted
Global Fraud Protection Experts’ Verdict:Don’t Invest in This Scam Broker!

HandelXP Regulation – No Regulatory Oversight

To begin with, HandelXP broker never gave any information on the owner. The only thing we had was two alleged addresses – in Luxembourg and Germany. However, neither BaFin nor CSSF had any information in regards to HandelXP regulation.

And that is why the broker felt safe enough to scam many and just abandon the website. We found that this trading firm was operating through scam payment processors out of Germany, most likely somewhere in the Balkans.

What’s Wrong With License?

As explained, the broker’s regulation cannot be found in the alleged country of service nor in some other Tier 1 registers, such as ASIC and FCA. It means that anyone who was scammed is not entitled to any compensation fund and has to look for an alternative solution to fight the HandelXP trading scam.

Moreover, think twice before investing money in AmegaFX, Swiss Capital Bank or Tomahawk Finance brokers. You may face withdrawal issues!

BaFin About HandelXP Scam

Scam Warnings Against HandelXP

Based on many HandelXP complaints, German BaFin started its own investigation. The goal is to find out where this illicit operation was based and to reimburse clients directly from the brokerage.

HandelXP Login Problems – The Warning Sign Of Fraud

In the end, many clients had login issues with the HandelXP account. Since the broker decided to shut down the website, clients discovered they could not log in to their platform or access their funds. It’s one of the most popular fraud signs. Your account should be available 24/7 as it contains funds.

If you notice at any given moment that there are login issues and the problem lasts for over a few hours, note that you may have been scammed and report it immediately.

Supported Trading Platforms – Available Trading Software

According to reviews, the HandelXP trading platform was limited to a Web trader that tried to copy MT5. However, it was an unsuccessful copy as there were a lot fewer charts and indicators. Based on the look we’ve seen, it’s a TradingView chart advertised as trading software. 

The leverage was up to 1:200, showing that the broker cannot have a license since EU regulators are limiting it to 1:30 for the Forex market and only 1:2 for cryptocurrencies. There was no mobile app. Clients could log in using a web browser on their Android and iOS devices.

Broker HandelXP Assets

Which Products Does HandelXP offer? – Trading Assets

HandelXP was providing access to 5 biggest markets, including:

  • Forex Market
  • Commodities
  • Indices
  • Shares
  • Cryptocurrencies

The company was mainly focused on crypto and luring clients into fraud via advertising too high profit. HandelXP’s minimum deposit was 250 EUR, while there was no Demo account. 

HandelXP Withdrawal Issues – No Money Withdrawal Guarantees

Based on numerous HandelXP reviews, clients are having issues getting their funds back. Since the broker’s website has been shut down, they cannot access the money or contact anyone from the trading firm.

Since HandelXP is not regulated, it’s an unreliable Forex and CFD trading provider without any withdrawal guarantees.

So, if you wish to start trading, always choose brokers with Tier 1 licenses. They have compensation funds.

Scammed By HandelXP Broker? – Talk To Our Recovery Experts

Finally, if you fall victim to the HandelXP scam, let us know. Global Fraud Protection is assisting victims of online scams to recover their funds. Instead of allowing fraudsters to run with your hard-earned money, you can file a dispute and request a chargeback.

For more details, contact us via online chat and book a free consultation with our experts.

Don’t Let the Scammers Go Away for Free!

FAQ Section:

What Is HandelXP, And Should I Invest Money In It?

Basically, HandelXP is an online trading Forex and CFD provider without a license.

Can I Trade Cryptocurrencies And CFDs With a HandelXP Broker?

Yes, company provides trading with CFDs and cryptocurrencies.

Does HandelXP Have a Mobile Trading App?

HandelXP doesn’t have a mobile app, and login is possible only via the web.