The lack of regulation or the presence of poor regulation is a huge red flag. It means XPertTrader is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of XPertTrader, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
ChartNexus’ XPertTrader is a software specifically developed for traders and investors. This platform is packed with a wide range of tools and features specifically designed for assessing and executing transactions in the financial markets. The emphasis on historical market data indicates a specific concentration on stock markets, offering consumers vital insights and abilities to navigate and make well-informed judgments in the ever-changing realm of trading and investing.
Below is a comprehensive analysis of the characteristics and services they provide:
XPertTrader, an advanced tool or platform developed by ChartNexus, surpasses standard offerings by delivering better trading and market analysis tools. Subscribers receive unlimited access to a complete archive of 15 years’ worth of historical market data, which is an additional advantage. This big dataset is extremely beneficial for conducting rigorous market studies and back-testing trading techniques.
Subscribers are provided with a set of rules specifically developed to aid in the evaluation of possible stocks, as an additional benefit. These rules may have predetermined criteria or guidelines, assisting users in identifying stocks that correspond with specific investment or trading goals.
XPertTrader provides a variety of support materials to enhance user comprehension and skill. These encompass digital resources such as demonstration videos and a comprehensive user manual, guaranteeing that subscribers can fully utilize capabilities of the platform.
XPertTrader operates on a subscription model, necessitating users to subscribe to gain access to its sophisticated features and the aforementioned perks. This strategy guarantees that users have uninterrupted access to the platform’s state-of-the-art features for making more knowledgeable and strategic trading decisions.
What is Chartnexus.com?
Chartnexus.com is a website that was established in 2004. The most recent modification occurred on August 3, 2023, and the document will expire on June 24, 2024. The website is safeguarded by Cloudflare, a security platform, and a privacy solution offered by contactprivacy.com. The platform on which it is housed is provided by Alibaba.
Chartnexus.com, established in 2004, has its headquarters in Singapore. The company operates within the Finance & Investing sector and boasts a workforce of 11-50 individuals. The company’s annual income fluctuates between 15 and 25 million dollars. The global rank of this entity is 410,473, while in Thailand it holds the position of 11,544.
Thailand’s Finance by Investing category holds a rank of 133 within the category. In September 2023, the website attracted a total of 265,000 visitors, with the majority coming from Thailand. Additionally, visitors from Malaysia, Singapore, Indonesia, India, the United States, and several other nations also accessed the website.
The SEMrush Authority score of chartnexus.com is 32%. Furthermore, it has an outstanding number of over 16 million backlinks originating from more than 21,000 referring domains.
ChartNexus is a multifaceted charting tool designed to meet the requirements of both corporate and retail traders in the stocks, FX, and cryptocurrency markets. ChartNexus has a global user base of more than 800,000 and has provided training to over 20,000 traders. It offers a variety of products and features that improve trading and investment experiences.
An outstanding element of the platform is its mentorship program, which offers valuable trading insights through high-quality web-based software and mobile applications. Users can utilize crucial market alerts and gain access to a stock ranking system, enhancing the level of information available for their trading decisions. ChartNexus places high importance on teaching and has garnered positive feedback from content users who commend the user-friendly and impactful nature of their training.
ChartNexus not only serves individual traders but also provides corporate solutions to education providers, brokers, and publicly listed organizations. Education providers can obtain white-labeled products, which enable them to offer their pupils vital trading tools. Brokers are provided with tools to examine trades and make more informed judgments, exceeding client expectations. ChartNexus might be advantageous for publicly listed firms since it enables the creation of essential financial pages that offer investors clear access to crucial market data.
ChartNexus aims to provide a comprehensive solution in the financial market, offering traders, investors, and corporate entities the essential tools and expertise to engage more efficiently in the market.
Who is behind ChartNexus?
ChartNexus is a firm specializing in the development of financial market solutions. Their primary objective is to create programs that streamline the intricacies of stock charting and technical analysis. Recognizing the complexity and high cost of most stock charting software options, they proactively developed a more cost-effective and user-friendly alternative. ChartNexus places high importance on creating a pleasant and captivating experience in conducting technical analysis, hence enhancing the accessibility of anticipating future price patterns.
The company’s collective endeavor and ingenuity have yielded ChartNexus, a complimentary resource for the worldwide investment community. This method demonstrates their dedication to philanthropy and enables the widespread availability of crucial investment resources.
ChartNexus regards stock trading and investing as an artistic endeavor, emphasizing the importance of ongoing education, effective tool utilization, and the investigation of new ideas to improve one’s trading or investment approach. Their worldview is grounded in fundamental principles such as honesty, integrity, innovation, and mutual respect.
While there are no explicit signs of any suspicious activities or fraudulent behavior according to the provided information, it is worth mentioning that the lack of specific contact details, such as addresses and phone numbers, may raise concerns for users who value transparency and dependability. Although an email address is provided for contact, the addition of more comprehensive information could enhance the establishment of confidence.
ChartNexus seeks to streamline the process of technical analysis and enhance its accessibility and enjoyment for all individuals. Their commitment to ongoing enhancement and active participation in the community is demonstrated by their provision of free software that places a high value on ease of use and availability.
XPertTrader – Benefits and Features
ChartNexus has created a specialized trading software called XPertTrader that aims to streamline and automate many parts of trading. XPertTrader’s primary goal is to eradicate emotional factors from trading decisions, enabling users to make logical choices grounded in a meticulously designed and customized trading system.
The software possesses the capability to detect prospective trade opportunities, automate the process of tracking and identifying stocks, and effectively save users’ time. This enables users to concentrate on analysis and the execution of trades. XPertTrader features an intuitive interface that allows users to easily customize, manage, and refine the trading system based on their experiences and strategies.
XPertTrader provides numerous advantages, including the ability to access up to 15 years of past market data and a predefined set of criteria for evaluating probable stocks. The program guarantees ease in establishing rules and offers versatility in customizing. Additionally, it incorporates a back tester for the trading system, with the objective of improving flexibility and user ease.
Nevertheless, certain prospective customers may express reservations regarding the lack of explicit contact information or addresses displayed on the webpage, which could give rise to uncertainties regarding the accessibility of support or further details.
Furthermore, the absence of comprehensive firm registration or regulatory information can impact transparency, leading users to exercise caution. To summarize, XPertTrader provides a range of features that improve and streamline trading activities. However, the lack of transparent contact information and corporate facts may raise doubts about its credibility and customer support for prospective users.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
There is a lack of reports regarding any fraudulent actions linked to ChartNexus or XPertTrader. ChartNexus is a bona fide company. Nevertheless, it is conceivable that the grievances noted in a prior evaluation were aimed at an alternative online platform, maybe a fraudulent website masquerading as XPertTrader.
Although there is proof of a website existing at xperttrader.com, its creation can be traced back to 2004, which diminishes the possibility of it being the website stated in the previously cited complaints.
Furthermore, xpertrader.com is linked to a contentious trading software and investing club business, overseen by a man named Chris Pay. Online forum conversations express doubts about the authenticity of Xpertrader.com, as users report being contacted by fraud squads regarding their investments with the platform. There are current inquiries about its functioning.
Online forum discussions advise exercising caution when engaging with businesses such as Xpertrader.com, urging skepticism towards claims of significant and rapid profits. Members recount their experiences of availing free trials from Xpertrader while harboring doubts about the credibility of their offerings.
The prevailing counsel stresses the importance of exercising caution towards investing prospects that appear excessively promising and undertaking comprehensive research.
Moreover, conversations emphasize the potential for Xpertrader.com to alter its identities, possibly to avoid legal repercussions, so adding a level of uncertainty and skepticism surrounding the dependability of the business. Forum attendees emphasize the need to evade potential fraudulent schemes and choose trustworthy providers to minimize the possibility of monetary setbacks.
Hence, it is advisable to exercise caution, conduct comprehensive research, and seek guidance from reputable investment platforms before contemplating investments in trading software or investing clubs.
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like XPertTrader tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust XPertTrader reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of XPertTrader, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like XPertTrader enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “XPertTrader reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising XPertTrader.
You should always look out for consumer complaints. In the case of XPertTrader, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about XPertTrader? You can share your complaint in the comment section or submit an anonymous tip.
ChartNexus is a legitimate and esteemed company that provides solutions to streamline and enhance trading experiences. They are dedicated to ensuring transparency and offer complimentary tools to their users. Nevertheless, businesses have the opportunity to boost their trustworthiness by offering more comprehensive company information.
However, there is some ambiguity around an individual known as ‘XPertTrader’ who is involved in dubious internet activity. The situation is further complicated by the possible existence of a rogue entity that has a name similar to XPertTrader by ChartNexus. This similarity makes it difficult to accurately determine the specific target of the fraud charges.
Ultimately, we recommend that prospective users exercise prudence and engage in thorough investigation before reaching any conclusions. Scams are widespread, and it is crucial to approach potential hazards with caution.
XPertTrader is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind XPertTrader can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust XPertTrader?
All the evidence suggests that XPertTrader is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Is XPertTrader a scam?
Can I withdraw money from XPertTrader?
Where is XPertTrader Located?
How do I get my money back from XPertTrader?
Launch a website/app with a generic name
A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.
Pay influencers & social media pages to promote the scheme
By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.
Send thousands of emails and make cold calls to potential victims
It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.
Make victims feel safe through “small wins”
Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.
Convince victims into investing large sums of money
Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.
Disable withdrawals & take down the website/app
Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.
Repeat the cycle
After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.