One Xtrade account can easily trade and operate across different devices, which makes no difference between the ones being engaged as traders. Forex — the foreign exchange market is the biggest and the most liquid financial market in the world. It boasts a daily volume of more than $6.6 trillion. Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference. FX trading can yield high profits but is also a very risky endeavor. Plus, everything is backed up by good educational materials where you can certainly find out something new.
Client deposits remain segregated, but Xtrade does not list the banking institutions. It notes an investor compensation fund without providing details. While this broker remains compliant with its sole regulator and has a clean track record, more transparency is necessary to improve trust. Xtrade does not specify its auditors, nor does it voluntarily publish order execution statistics.
All these deposit methods are available with this broker. Initial deposit here can be up to $250 and I’m okay with it. In my opinion, this broker provides high-quality service.
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The XTrade customers get also free advices from premier specialists, experts in online trading. Trainings for traders are the essential part of the services provided by company. XTrade provides the customers with the regular support via chats, e-mail and telephone. The customer support is available 24/7 in many languages, including English, Arabic, Spanish and many others.
Basically, what you find is easy and fast deposit and withdrawal, education, daily analyses, a lot of assets to trade on a swiftly working platform. The spreads, and overnight swap fees are, even on commodities, are lower relative to industry, nothing extra or hidden. Any questions I had, I took up with the customer support, and they have been nothing but a delight. It’s not very often that things are plain sailing, and this is certainly true in the online world.
You might also be interested to learn that Xtrade has its own resolution process in relation to complaints. XTrade is another Forex broker with a lot to offer both new and seasoned Forex traders. And there will be plenty of you reading this XTrade Forex broker review who will be overjoyed to learn about some of the XTrade bonuses and offers (Not valid for EU traders, T&C apply).
Let’s finish up this XTrade Forex broker review with a few reasons for choosing such a big name for your Forex trading. The friendly staff will assist with any issues you might have encountered. The customer support is available in multiple languages like German, French, Arabic, Russia, Portuguese, around the clock. Do not hesitate to contact them if there is anything unclear or confusing. Leverage is the amount of money one can borrow, proportionally to the money one owns). A spread is a difference between the asking and the bidding price.
Looks like a decent platform based on…
The first is a Standard account with a minimum deposit of $100, so this is a great option for the beginner. But for those who would prefer to take things a little slower, there is the option to get in some practice with a demo account. Unlike brokers that offer a slightly obsolete MT4, Xtrade has designed its own trading platform. Running the platform should not be a problem, since no software is required to be downloaded. Xtrade trading platform is purely web-based and is compatible with the majority of browsers.
This Xtrade review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect. Xtrade is regulated by Cyprus Securities and Exchange Commission . These bodies have rules that mandate that trading platforms have steps in place to maintain investor’s assets procured. This usually means that Xtrade users do not need to worry about their money since it’s segregated and safely stored in established banks.
XTRADE Education and Training
There are some drawbacks, for example, lack of MetaTrader platform, but you quickly get used to Xtrade platform. I have come to really enjoy the trading experience here. With the customized experience, I can trade and learn all simultaneously.
- For example I don’t really like high spreads.However I am still trading here because of the variety and number of tradable assets.
- No major problems, but I think they need to have a facelift with their design.
- Even if no charges have been indicated by Xtrade, it is better that you close the account if you are inactive.
- Trading in demo mode does not differ from real mode.
- A forex account is a trading account held by a trader with a company like Xtrade, that is issued with the primary purpose of trading through its platforms.
Have I not been able to quickly adjust my SL, I lost again with the help of my account manager. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. We use dedicated people and clever technology to safeguard our platform. Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.
Xtrade Customer Support
In fact, this sum isn’t high especially taking into xtrade review the fact that this company doesn’t levy any fees for withdrawing and depositing funds. I’m not ready to come up with the final verdict yet cuz it’s too early. It’s a multi purpose forex company that provides services of a top quality. I think you will find this broker to be very impressive.
On one hand, there’s nothing special here that I could praise. I mean those who have sufficient trading experience. So, I mean that competition is getting fiercer in the brokerage industry today and it makes brokers offer nearly the same services and the same choice of financial instruments. Here I found nearly the same what I saw with other brokers. The platform has been constantly inducing consumers to deposit funds with the incentive of giving 50% bonuses, and continuously injecting funds into the platform. Friends who know how to operate investment should be very clear that the salesman cannot guide investors to conduct investment transactions.
There is only a single type of https://traderoom.info/ account at Xtrade that starts with a $100 minimum deposit and a huge range of attractive Xtrade bonuses for deposits and successful account verifications. Traders are entitled to receive a maximum of $6,000 as a first deposit Xtrade bonus, while phone verification and account verification qualifies for $20 and $30 cash bonuses respectively. Alternatively, you can also opt for a “First Trade on us” promotion, which pays a $120 cash bonus for opening your first and only risk-free trade in the financial markets. Traders that make a larger account deposit are also offered a special VIP bonus package, which includes many added advantages that are individually customized for each trader. Note that bonuses are not valid for EU traders, T&C apply.
When you move money in your trading account by your bank account, a deposit fee can be billed by the broker. Most agents don’t charge too much money for this particular operation. Withdrawal of cash is possible at any moment from your Xtrade account. You can withdraw up sums to the amount of your account balance, keeping aside the perimeter utilized. 1 thing to remember is that you don’t always need to have any cash in your account. Generally, Xtrade does not charge high fees compared to other online brokers.
Completing the mandatory account verification process unlocks an additional 20% deposit bonus; limited to $1,000, it will be credited within 48 hours of the initial deposit. It should be noted that it appears that Xtrade allows clients to make a deposit without account verification. Xtrade also provides a cashback bonus of at least $10 if a trader completes 10.0 standard lots per month. Terms and conditions do apply, and traders must read and understand them before requesting a bonus from Xtrade.
The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proven himself as an active trader. Depending on the account type, Xtrade supports both fixed and variable spreads. The spreads reduce as the account types go higher. XTrade has a set of proprietary platforms designed to work with any gadget. I can install the software on my desktop computer to get the full version and all of the features, I can log in using a smartphone or a tablet.
It seems that celebrities have decided a good way to support certain causes is to become an official ambassador. No wonder businesses and enterprises across the globe are following suit, and it has even filtered into the world of Forex trading. Soccer fans amongst our readers will immediately recognize the name of Cristiano Ronaldo and be suitably impressed. But what about those of you with no sporting knowledge or interest? Keep reading and we’ll give you all the details you need to make an informed choice when it comes to choosing the best Forex broker. Trading in FX and CFDs involves risks of loss due to the leveraged nature of the trading.
We concluded thatXtrade flexibility in terms of platforms, currency pairs, and a number of provided solutions is a truly turnkey advantage. The broker offers competitive costs and excellent education materialsuitable for traders of different levels. The XTrade minimum deposit is $250, yet you should calculate and cover necessary expenses since the variety of trading instruments offers different margins and spreads. E.g. to open a new position at equity, the account must exceed the trade’s initial margin level requirement. Also, Xtrade occasionally runs promotions offering lower deposit threshold minimums. Xtrade has set up four account types, namely Standard (minimum deposit of $250), Premium (minimum deposit of $1,000), Platinum (minimum deposit of $5,000), and VIP (minimum deposit of $20,000).
Xtrade offers traders the use of its own proprietary trading platform, the Xtrade WebTrader platform. It hosts an array of features and trading tools to ensure an optimized trading experience. As of now I can say that my experience with the broker is positive.
This trading platform can be enjoyed in a demo mode or a real money mode. It is easy to trade CFDs online with Xtrader Pro, and assistance is available every step of the way. Further, the trading platform is available to iPad and iPhone users, as well as Android smartphone and tablet users. In all instances, clients can enjoy CFD trading with a free demo account upon registration. The trading platform offers fixed spreads with zero commissions.
Xtrade also fails to introduce its trading features. It makes bold claims inspired by marketing efforts but does not provide details. A one-page trading platform introduction only shows a clean user-interface. The lack of transparency suggests that it remains a sub-standard solution, more than fifteen years behind its prime. After a month of trading here I can say that this broker suits me and I have a very big desire to stay here.