The Belize IFSC is the sole regulator of Xtrade after this broker dropped ASIC and CySEC regulators. One of XTrade’s representatives abused trust by funding my account without my permission and opened positions. It came from the same location in Israel used by Xtrade’s representative to the FPA.
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The mobile platform is a customer-friendly and supported by alerts and professional charting tools. Clients have many options to deposit or withdraw the funds, however, clients should check whether the particular option is available in their location. Platform offered by Xtrade Broker works perfectly on any device. For example, I trade on my laptop and control my trades using my android smartphone. So I know from my own experience that platform is perfectly compatible with any device. For me it is important to see all parts of broker’s business.
The platform lets you set your own parameters aimed at securing profit and reducing loss. These are Close at Profit, Close at Loss, and Buy when Rate is options. The platform requires a minimum deposit of $100 payable via Credit Card, Bank Transfer, Skrill, Sofort, etc. The platform is one of the most attractive to Forex traders since it is easy to use and is user-friendly. There is a system in place that regulates secure financial transactions and protects personal and financial data. CFD stands for a tradable instrument reflecting the movement of assets involved and is simply a client-broker contract.
This is a very interesting question because Xtrade broker offers a unique bonus system which no other broker offers. In addition, you get $25 in cash for phone number verification, 20% in cash for account verification, and the first trade (up to $500) is compensated at the broker’s expense. So if you’re looking for a broker with a good bonus system, this is the place to go. What can I say, in the beginning I was very satisfied. No, I was not disappointed with the broker, rather I just saw a better picture of trading with Xtrade.
Platform successfully operates on all major browsers. Generally, their Web-Trader is definitely worth your attention. It has a pleasant looking design and everything is displayed clearly.
Cant see your question? Ask to get answers from the Xtrade staff and other customers
Moreover, the minimum deposit amount depends on the type of account. The standard account has a minimum deposit of $250, whereas a premium account has a minimum of $1000. A VIP account requires a deposit of $200 and the VIP account has a minimum deposit of $500. In addition to that, xtrade is a highly client-oriented broker. If you need knowledge, there are educational videos and articles to level up your trading skills.
At second glance, you see that it has everything you need including a normal set of tools for analysis — technical of course, so everything suits me fine. New traders have access to 21 courses with numerous lessons in short video format of often less than two minutes. The fixed-spreads at Xtrade are the highest in the industry. Xtrade notes an investor compensation fund without providing details.
The company provides support 24 hours a day, 6 days a week, and its headquarters are located in Limassol, Cyprus. Traders should note however that depending on a specific bank service it may take several days for the money to be available in a client account. Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market.
If a trader opens the standard account, he can get an additional benefit of interacting with a demo account. It makes it suitable for the beginners as it gives them an opportunity to find their way around the trade risk-free. A trader with the standard ayondo review account also has access to an economic calendar and daily market reviews via video. A first deposit bonus of between 30% and 60% will depend on the initial deposit amount; for example, a minimum deposit of $2,000 qualifies for a 60% bonus.
Xtrade is a regulated broker with a clean track record, in operation since 2003. Xtrade also offers a dedicated complaint resolution process. Traders get daily videos with trading ideas, the best research provided by Xtrade continuous delivery maturity model via third-party contributors. I can proudly say that all this experience I’d had with Xtrade therefore my rating of the brokerage is fair and well-though. Companies can ask for reviews via automatic invitations.
Type of Broker
XTrade takes a unique position with regards to its platform. Many brokers use the popular, industry-standard MetaTrader4 for trading, however, XTrade does something different. XTrade offers clients the Xtrade Pro proprietary platform. This platform is web-based, but there are mobile versions available (as you’ll see in the next section, XTrade is big on mobile trading). In our Xtrade review we found Xtrade as one of the most trustworthy brokers with CySEC regulation. It is a highly user-friendly interface and upgraded trading technology with platform selection and spreads on an average low basis.
The broker has more than ten years of experience in the forex industry, which is a lot. Considering the speed that the world is changing right now. Ten years for a financial establishment is a decent period. This can guarantee to the client that the company will navigate through the current economic crisis at the least expenses.
Xtrade demo trading closely resembles the actual trading environment, but there may be some differences in execution speeds and other aspects of trading. We would recommend trying out the Xtrade demo account trading to get yourself familiar with the broker’s platform and trading products. Xtrade does publish some financial news content on a daily basis; however, the content is quite brief and fails to provide usable trading signals. In its place, traders receive a snapshot of the asset and its recent price action. While a blog is available, the last written update was made in October 2019, while the most recent video submission was in December 2019.
Nevertheless, I have been always interested in trading and always wanted to try my hand at this new way to make money. I joined this broker with the only purpose to trade currencies and indices but over time I looked around and noticed a bunch of worthy things to try. I trade such assets for the first time and my impression is positive. CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.
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It also has an office in South Africa but does not list an operating license by the FSCA. While the broker does have an office in South Africa, it does not list a license with the South African Financial Sector Conduct Authority . Reituca Marketing Ltd, a Cypriot-registered international business company , processes all Xtrade International Ltd payments.
VIP clients are valued by Xtrade and are offered several incentives. Leveraged product trading magnifies a trader’s potential profit – but of course, also increases the potential loss. This facility enables traders to get a larger exposure to the market than the amount they deposited to open a trade.
Labeled Verified, they’re about genuine experiences. That’s why they don’t save money on quality market data analysis. I trade only CFDs and actually this broker suits me most.
The broker does charge a single penny on deposits or withdrawals. Xtrade reviews definitely helped me to find a new broker. I just urgently required a new broker, had extra money and experience and those reviews came in handy. After a long time of using Xtrade broker services I decided to share my impressions about cooperation. The first thing I can first mention about Xtrade is its credibility.
But noticed sometimes the platform has lags, but they are minor. I working with Xtrade because it is 19 years of experience. I’m wanting to trade stock somedays like real investor. I think every one can trade or investing, not be afraid to try. – they try to force me to put some cash in the xtrade and they say we will give u bonus if u do it while we are on phone ,, thats weird !
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There is no need for any complicated or time-consuming download and there is even an Xtrade mobile version allowing traders to trade away from their PC at home. All personal, financial and trading session data is securely encrypted using the latest 256-bit SSL technology. The company XTrade is one of the most stable companies in the international financial market.
You will find the website is even more comprehensive, as it supports sixteen languages and contains a wide variety of tools and education to help. Account managers are always standing by to help clients. XTrade offers first-rate bonuses and incentives for traders and nearly one hundred asset choices, each with its own Bid/Ask spread dynamics, minimum margin requirement, and leverage amounts. Xtrade offers various technical solutions for all of its customers and there are various tools available for a better trading environment. Along with the negotiated costs with no commission policy, only a fixed amount of spreads is charged.
It has offices spanning 5 continents and clients across 140 countries. As Xtrade started out as a CFD broker, it has even developed its own trading platform. It offers a fairly wide range of asset choices, open positions, history and trading tools.