Xeventy has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Xedmex. We’ve received over 5 complaints against Xeventy.
Xeventy, an unregulated investing platform, carries substantial risks such as exorbitant fees, a lack of transparency, poor communication, and withdrawal concerns. Numerous user complaints and proof of fraudulent practices indicate that it is a scam. Avoid investing in Xeventy, and make sure any investment firm is fully regulated and transparent to protect your money.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Xeventy Regulated? Do They Have a License?
Xeventy has been flagged as a possible scam by several sources, which makes investors very worried about its trustworthiness and safety. Xeventy is an unregulated investment platform, which means that no financial regulatory body keeps an eye on it.
This lack of control is a big red flag because it means the platform doesn’t follow any laws that are supposed to keep investors’ money and personal information safe.
The app doesn’t promise that funds will be safe. Your money and personal information are at risk when you invest in uncontrolled and anonymous platforms like Xeventy. This could lead to identity theft and other crimes. It revolutionary financial environment with cutting-edge AI features and seamless integration of traditional and crypto investments. However, the many warning signs and user complaints make these claims less credible.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Xeventy 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 Xeventy, 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?
Trading Conditions and Deposit/Withdrawal Methods at Xeventy
Xeventy has been connected to a lot of troubling symptoms. The site can surprise consumers with shockingly hefty fees and commissions that aren’t usually stated in the contract. Furthermore, the website does not provide enough details regarding the company, its management, and its activities, therefore depriving possible customers of knowledge.
Users have also complained about inadequate communication; the site frequently fails to answer obvious indicators of a fraud questions. Moreover, many individuals have suffered with withdrawal issues; the corporation regularly keeps their money without explanation, which makes access challenging.
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 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.
Xeventy Customer Service: Do They Handle Complaints Well?
Customer service at Xeventy isn’t solid. You can get in touch with them by phone or email, but you can’t find out where they are physically. Once they have users’ money, fraudulent platforms often stop talking to users, which makes it hard to fix problems or get the money back.
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 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, customer support won’t resolve your issues and become increasingly unavailable.
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Xeventy Reviews: What Do Others Say?
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.
Users and reviews have strongly warned people not to invest in Xeventy. People have compared the platform to other well-known scams, and it is thought to be a “rug pull,” in which the owners take users’ money and run off.
Scammers like Xeventy 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 Xeventy reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that 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 Xeventy, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Xeventy enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Xeventy reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Xeventy.
You should always look out for consumer complaints. In the case of Xeventy, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Xeventy? You can share your complaint in the comment section or submit an anonymous tip.
Is Xeventy Legit Or a Scam?
Xeventy 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 Xeventy can run away with your money without any prior notice. It would help if you were 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 Xeventy?
It is strongly suggested that you do not invest in Xeventy due to the large amount of proof of fraud, the lack of regulation, and the large number of user complaints. There are a lot of signs that the site is a scam, and investing in it could cost you a lot of money.
All the evidence suggests that Xeventy 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.
Frequently Asked Questions
Is Xeventy a scam?
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How The Xeventy Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
