The overall impression after the XTrade review is that the broker brings stable and reliable conditions to Trading. Their main offering is based on a fixed spread with no hidden fees, a powerful online platform and an extensive variety of trading instruments. As a regulated broker, the company adheres to the strict customer protection rules along with the security and safe trading environment of the funds. What’s also pleasing is that XTrade supports its traders in a variety of ways, from excellent support to $0 money transaction fees, as well as widely supported method. As for resources, Xtrade offers various trading tools to its customers.
XTrade does not, however, provide services to the UK, Canada and some other countries. The CFD investment broker is owned by XTrade Group Limited and is headquartered in Limassol, Cyprus. The company has several daughter brands, including XTrade Europe Ltd. and XTrade International Ltd that service clients from Dubai to Uruguay. After two months of uninstalling the app and deregistering my account this company is still calling me every day not respecting wishes to be taken off their list. Absolutely aggressive tactics and call from a different number each time if you block them. This is a SCAM and please don’t try to do invest with this company. If you are not clever enough than you even don’t even know how they have take your money from you.
To top this off, you’ll also enjoy top-notch apps including one-click trading and full Expert Advisor capabilities in collaboration with Xtrade. There are also plenty of advanced analytics tools to choose from which to assess your position in a much more informed way. VIP participants are given priority in terms of payment processing while also having access to and support for individual trading strategies. Finally, VIP traders often profit from the unique corporate gifts that are only available to them.
As well as their award-winning trading platform, XTrade offers several extra features to its clients. There is a fully populated economic calendar and news stream that can be accessed via the website or through the platform. The proprietary web-based platform requires no download or installation. Even from the login page the design is intuitive for newcomers while the effective trading tools have helped the platform pick up multiple awards. It’s accessible in 11 languages and offers 12 technical indicators, 4 chart styles, 9 time periods, and 17 analysis tools.
Xtrade Com Broker Review
Ultimately, Xtrade also provides a dedicated tablet trading app. It comes with an advanced graphical interface, intuitive navigation, and an alert system. The platform also allows deposits and other extensive functionality.
Xtrade has various educational materials including video tutorials, forums, eBooks, and glossaries. These articles are available to both new and experienced traders, and they help us learn new techniques of trading. Cyprus joined the EU one year after its formation, which means XTrade automatically gained access to other EU markets. With CySEC, the regulatory body that had to adapt its legislation to harmonize with EU markets, it went through all the political changes. After EU accession, many other brokers raced to Cyprus to open their full-potential business on the island. The company is also regulated by other foreign bodies such as South Africa, IFSC . Their headquarters is in Cyprus and is also controlled by the CySEC .
Yes, XTrade offers a demo account with all the capabilities and options available with a real money account. All client accounts are also opened under the Investor Compensation Fund , which covers traders up to €20,000, should the broker be unable to pay out winnings. XTrade is a licensed forex broker authorised and regulated by the Cyprus Securities and Exchange Commission in Europe, and several other agencies for its international services. Many of the additional tools, such as Autochartist signals and economic calendar are also available on the mobile platform and receive good reviews. All in all, XTrade is an option to participate in trading with, while knowing what to expect and conduct to potential outcomes from trading open to traders of varying size and level.
If you trade on the market, you should first be aware of a broker’s regulatory status before you sign up with them. You will experience peace of mind if you deal with legitimate brokerage firms because you will know that your funds are safe and that your personal data is protected. It is a legal brokerage firm that has been linked to some of the world’s big names. You should bear in mind that you will not be able to conduct such transactions, such as withdrawal of funds if you don’t check your account. This verification process is also perfectly common for all industry-leading regulated brokers. The contract value of one Index CFD equals the price quoted in the currency of the Index. The broker offers the market fixed spreads between the buy and sell prices and no commissions.
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Whether it’s the WebTrader or the MT4 trading platform, users can access various trading resources such as the economic calendar to keep them up-to-date about upcoming market events. Other resources you can find on Xtrade are price charts, daily market data, market analysis, live currency rates and more. You can be directed correctly on the financial markets with the educational materials and trading tools to make better trade decisions. They offer an exclusive welcome bonus and a VIP bonus on Xtrade for platinum account holders, with the bonus either coming in cash or credit. Here, traders can use the MT4 trading platform, which comes with different tools to ease trading. Unlike many other UK Forex brokers, XTrade only have one trading platform available – Meta Trader 4. Nevertheless, this is a high quality, popular platform and is suited to the needs of both novice and experienced investors.
However, it provides for fixed spreads depending on the commodity. It also provides for overnight trading premium fees for the traders who opt for it. Xtrade boasts one of the most reliable customer services in the trading sector. It also allows for a responsive live chat, email, and phone call. It works with several reputable financial service providers to allow for convenience when depositing. It ensures customer data safety by delivering SSL encryption and regular website testing. The safety standards keep the site safe from frauds and other online financial crimes.
With the AML and KYC policies in place, removing some common issues faced by traders such as identity theft, terrorist financing, money laundering and more is easier. It is also helpful in keeping both consumer funds and the personal information they exchange with the brokerage secure.
More importantly, you will love how fast this trading platform executes your orders. At the same time, everything that you need for trading with confidence is right there on the platform e.g. charts, signals, etc. Still, it has some concerns that traders need to look into when signing up. It also prohibits some of the trading methods that make it limiting for adventurous gamers.
Ready To Trade?
The topic here is MetaTrader 4, which is one of the most popular in the field of trading. It is best for the beginners and for the veteran traders in terms of the decency and the fast and well secured trading. But, bear in mind that the XTrade also has a mobile variety and if you are on the road, you can always use the mobile platform using your device. One is the Standard account which requires the members to deposit around $100. However, the Premium account mandates around $1,000 to open up.
- For example, the WebTrader platform gives you access to an extremely accurate and up-to-date analysis of the market.
- The platform supports trading in some of the world’s popular commodities like Gold, Silver, oil, and several more.
- The app allows for real-time charting, notifications and alerts, easy navigation, and full-featured functionality.
- Secondly, you do not have to pay any unnecessary or huge commissions on your withdrawals and deposits.
You should consider whether you can afford to take the high risk of losing your money. Furthermore, you have some strict checks on your identification when you sign up with this broker. What it means is that no fake person can use your personal information to sign up on the platform and trade in your name with your personal information.
I Am Lost For Words With This Broker
Withdrawals follow the same route as deposits, so withdrawals are easy for as long as AML documents are in place. The Autochartist Market Alerts, Reports, and Forecasts provide traders with valuable insights into the markets and how they can profit from any market movements. Traders have access to educational video tutorials and eBooks in addition to these.
Xtrade is additionally an award-winning broker, which speaks volume about its reliability. Cyprus has become one of the major Digital trading destinations and most Forex companies prefer to run their offices from there. The geographical location of Cyprus, somewhere between Asia and Europe represents an attractive location for brokers who can simultaneously target both the European and Asian markets. Vantage FX Review – Trader’s review of true ECN forex broker, Vantage FX. Info on deposit, fees, spreads, demo and pro account types, robot signals and more. South African traders should read our full review on GFC Investment to find out whether or not this is a legitimate broker before they make a deposit. The firm developed its very own trading platform in order to suit its needs as best as possible. The trading platform is very intuitive and allows easy access to asset choices, open positions, trading history and other trading tools.
Daytrading.com may receive compensation from the brands or services mentioned on this website. No, XTrade does not provide its services to traders in the USA, Canada or other countries where its services conflict with local laws.
The account also comes with additional market insights and a dedicated account manager. The first account is the standard that commands a minimum deposit of $250. The account comes with daily video market reviews and an economic calendar for all the updated market trends. Gain access to one-click trading, fast trade executions, real-time market data, in-depth market analysis and advanced trading tools. No, XTrade only offers its own proprietary trading platform designed for browser-based trading. The platform has also been made into a mobile app for iOS and Android smartphones and tablets.
From an XTrade review you can clearly see advantages of using it. Straightforward trading module involves buying a contract with your broker, that will analyze market moves in your favor. The profit is the difference between your opening & closing position, the units purchased, and leverage chosen. This way offers more flexibility, and this is why Forex professional brokers in this arena have chosen to add stocks, commodities, and indices to expand your opportunities and trading enjoyment.