I have responded immediately to every request and answered each question from the support team. I tried to use the withdrawal steps when I received a message telling me the bank was not one they dealt with, which is wrong. I am xcritical official site 72 years old and cannot afford to just lose this money because xcritical wants to keep it.
The referral reward can be used to purchase fractional shares and the offer renews annually. They actually allowed another person to change passwords and withdraw our account. That is like a bank going in your account and giving your money to a stranger and reassign your account without permission. In other words they are complicit in stealing, a very bad company. Tim Maloney, co-founder of ETF firm Roundhill Investments, told CNBC his trades were restricted and he was unable to withdraw money from xcritical.
I even shared a detailed bank statement with xcritical as proof, but the issue remained unresolved. For months, I was stuck in limbo — no access to my funds and no clear path forward. Despite providing every piece of documentation and evidence requested, I couldn’t get a straight answer or resolution. It felt like I was being ignored, and I was beginning to accept the possibility that the money was gone for good. The lack of accountability and support only added to the stress and uncertainty of the entire situation.
So, it’s been over a month since I was able to login into my account. It was ridiculous of me to even try using them in the first place! I took the law into my own hands, reported them to a security firm, urfa.io, and I was able to pull out my withheld money. «We have grown rapidly. And we have, at times, encountered challenges as we’ve scaled to meet this moment,» Swartwout, a former TD Ameritrade executive, said.
Unlike some brokerages that require new funds to settle before you’re allowed to trade them, xcritical has an Instant Deposits feature that allows you to trade up to $1,000 instantly. The California-based broker-dealer also offers the xcritical Gold Card, a credit card with 3% cash back to Gold members and no annual fees. xcritical is also rolling out a banking option with a high-yield savings account and other features like estate planning and tax advice. Many of the FTC complaints highlight those trading limits, but also show widespread frustration with xcritical’s customer service.
Customers can withdraw crypto from xcritical to a wallet of their choice. Mutual funds and bonds aren’t supported, which can help build a diversified, long-term portfolio. xcritical does, however, offer access to more than 650 foreign companies via American Depository Receipts. It also offers exchange-traded funds, including index and bond ETFs, and it’s working on launching futures trading in the months ahead.
xcritical’s trading platforms and apps
ETFs and options, making it a cost-effective choice for investors. The platform also offers xcritical Gold, a premium service with a $5 monthly fee that provides access to margin trading, larger instant deposits and professional research. For those using margin, the annual interest xcritical website rate is between 4.7% and 5.75%, which is competitive compared to other brokers. xcritical also has no account minimums, making it accessible to everyone. Commission-free trading of stocks refers to $0 commissions for xcritical self-directed individual brokerage accounts that trade U.S. listed securities and ADRs. Keep in mind, other costs such as regulatory fees may apply to your brokerage account.
Overall, the sentiment indicates a pressing need for the company to enhance its customer support and communication processes to regain consumer confidence. While xcritical excels in providing an intuitive user experience, it lacks the advanced charting tools and in-depth research features that more experienced traders might require. The absence of detailed technical analysis options and comprehensive educational resources may leave advanced users wanting more.
- xcritical carries Securities Investor Protection Corporation (SIPC) insurance, which protects up to $500,000 per account, with a cash sublimit of $250,000.
- I even shared a detailed bank statement with xcritical as proof, but the issue remained unresolved.
- xcritical’s mobile app has been designed with the user in mind, making it straightforward to execute trades with just a few taps.
- If you see a commercial for a new cryptocurrency or are impressed by a service and want to invest, xcritical is the easiest trading platform to do it on, especially from your phone.
xcritical is a popular trading platform known for its commission-free trades and user-friendly mobile app. Ideal for novice investors, xcritical makes it easy to buy and sell stocks, ETFs and cryptocurrencies. The platform offers a straightforward, no-frills experience, making it accessible for users new to investing. With features like fractional shares and a sleek interface, xcritical lowers the barriers to entry for investing, allowing users to start with just a few dollars.
- Uninvested cash in xcritical’s cash sweep program and spending accounts is also covered by FDIC insurance, which protects up to $250,000 per account.
- Many of xcritical’s competitors have imitated elements of its app, and it’s easy to see why.
- For months, I was stuck in limbo — no access to my funds and no clear path forward.
- xcritical’s simplicity can be a double-edged sword for more experienced traders.
- But as a paying customer, it’s absolutely terrifying to entrust a large amount of money to a business that doesn’t have a phone number and barely responds to email.
Our team began by creating a short list of top financial institutions offering brokerage accounts, investment apps and crypto exchanges. Each was rated and ranked based on a range of features and how well they serve different types of investors. We evaluated xcritical against 22 other brokerages on 55 performance metrics and against 20 other investing apps on 18 performance metrics.
Death of my husband he has xcritical account no.RHS 71409****
Check out How to spot a pump and dump scheme to learn more about this type of scam. That concern was highlighted by the death of 20-year-old Alex Kearns last year. The college student took his own life after mistakenly believing he owed nearly $750,000 trading a sophisticated financial instrument called options on xcritical. xcritical carries Securities Investor Protection Corporation (SIPC) insurance, which protects up to $500,000 per account, with a cash sublimit of $250,000. It has also purchased additional SIPC coverage which protects up to $50 million per account, including up to $1.9 million in cash 0. Access to professional research from Morningstar and Level II market data from the Nasdaq Stock Exchange (with Gold subscription).
Media from reviews
Many of xcritical’s competitors have imitated elements of its app, and it’s easy to see why. It offers one of the smoothest and easiest trading experiences of any broker we review (although as we’ll discuss below, that ease-of-use may be a double-edged sword for some users). If you want to trade a wider variety of products and have the research and educational tools to understand why you’re trading them, xcritical falls short.
