Xtrade Review ️ Pros and Cons Revealed

Of course, I think that many traders are interested in how to trade. As for the trading platform, it is really convenient and fast software. I have checked several times on the websites of independent quote providers. For more than 10 years, Xtrade has helped clients make trade payments, access liquidity, and manage risk. We connect counterparties with market-leading Traditional Trade for shares, commodities, forex, and indices. All withdrawal requests go via the secure back-office, and traders can access it from the trading platform.

In addition to this, I also appreciate the fact that the broker doesn’t charge fees on withdrawals. I usually withdraw money frequently and respectively I will not lose money here. The company offers its unique Xtrade mobile app to its clients who want to be able to access the market anytime and anywhere. You can download the Xtrade mobile app to your Windows, Android, and iOS tablets and smartphones.

No download is required, and it allows easy access to the best market analyses available and speedily executes trades and orders. Some companies provide their own proprietary platform, while others prefer well-known platforms. If there is a choice, the trader should keep in mind what he would like to trade. The cost of trading depends on different factors like commissions, spreads, and margins. Withdrawal requests take up to five business days to process.

Xtrade is scam

This license gives Xtrade the ability to participate legally in the financial trading market. Furthermore, it also provides educational materials for users, which is essential for the successful trading experience. As far as the quality of services, this broker is worth looking at. It has a host of tools for both novices and advanced investors. You can use a range of different tools, and even hedge your trades. Another good feature of XTrade is the award-winning trading platform.

Many other brokerages offer similar features, but XTrade’s website has more extras. A fully-populated economic calendar and news stream, free webinars, and a YouTube channel give users plenty of information about how to use the site. They also provide several calculator tools, including Pivot, Fibonacci, and deal size calculations. These are great features for new traders, as they can easily learn how to trade without having to learn all the complicated technical terms.

The broker also provides a wide variety of financial assets to help traders to create a diverse investment portfolio. Overall, Xtrade has several distinct features that will enable the company to cater its services to a large part of the retail trading market. Xtrade is primarily a CFD broker that offers contracts on shares, indices, commodities, and Forex currency pairs. CFDs are financial products that allow traders to invest in different assets without actually owning them. Of course, leverage products such as CFD and Forex trading are always risky, as there is an equal probability for huge gains and massive losses due to the market volatility.

Spreads and commissions

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. True, not every broker gives you the opportunity to trade ETFs. As for stocks trading comparison, it’s different in terms of safety, if you can put it that way. Because ETF has multiple underlying assets, it hedges itself in some sense unlike stocks.

I can’t say that it’s something extraordinary but it gives me an extra opportunity to earn money. The real account has relatively low investment barriers – minimum deposit requirement is $100 or the equivalent amount in EUR or RUB. The account registration takes less than 1 minute, since you do not have to provide much personal data. The demo account offered by XTrade Forex is absolutely free of charge. It allows users to practice trading with real quotes as long as they deem necessary.

Support

We strongly suggest choosing a broker that has gained a high score through excelling in all departments instead. To learn more about how we test and fusion markets review recommend brokers, read our methodology. Therefore, if you get nervous and lose money on the first trade, the Xtrade broker will return it to you.

Moreover, beginners can enjoy free e-books that provide a great insight into Forex trading and CFD trading. These books, or should we say trading guides, seem to be perfect for starters and even advanced traders have the possibility to freshen their knowledge. The broker has introduced its own trading platform – XTrader Pro. XTrade platform is web-based and thus does not require any software to be installed on the PC. Platform successfully operates on all major browsers.

In order to never miss an opportunity, Xtrade developed a powerful mobile platform that is available on iOS, Android and Windows. 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.

This is very important because after a demo account you can get worried on a real account and open a wrong deal. Even with an not that bg depo you can feel comfortable here and use all the company’s services. Navigate to the different trading platforms available to start buying and selling crypto coins of your preference. There are many positive XTrade opinions concerning the extra protection of clients funds.

Is XTrade safe or a scam

Education also seems to feature very high on the list of priorities with an extensive range of tutorials, courses, and entry to the Xtrade Academy. XTrade provides the substantial sums of bonuses for new customers. Depends on deposit the bonus sum may vary up $50 to $6000. Besides this bonus, there is a range of promotional activities for new customers offering bonuses on different occasions. For instance, a customer gets $20 on his trading account for his phone number confirmation.

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. Spreads and leverage are published on the website for every asset choice. Traders should consider their spread preference before choosing that account type they wish to use.

Favorable trading conditions Service use: LiveLength of use: 0

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. Yes, if fxflat review you only look at the numbers, 2-3 pips is not a very low spread. But the main thing is that it is fixed, so for trading on the news it is a significant advantage.

You don’t need to download software to your computer. And the speed of order execution is excellent here. Through one Xtrade single account you are able to trade across multiple devices that make no difference between the traders. At the beginning, the trader can always try out the risk-free environment through Demo-account opening.

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. Each trader needs to assess if what Xtrade offers is sufficient to trust this broker with their deposits, personal information, and trading accounts.

I try new assets with this broker

I can sense myself moving forward when I improve my trading conditions by switching to new account type. In my opinion, this broker provides high-quality service. I will tell you a bit about one function of platform.

Here I found nearly the same what I saw with other brokers. After a month of trading here I can say that this broker suits me and I have a very big desire to stay here. I first learned about the company from Xtrade reviews. Well, I came here to trade my favorite financial instruments – cross pairs and exotic pairs.

In terms of XTrade leverage offering, as there are two main regulatory obligations the clients of different jurisdictions will fall under specific levels of leverage. Furthermore, Xtrade continuously monitors its operations as per regulatory requirement and provide comprehensive security for all online transaction or manipulations provided. On the negative side the are some limitations in product offering, support is no available 24/7 also international proposal is done via Belize entity. I don’t see anything preventing you as a beginner from trading government bonds. So, to make a trading decision on them you need to analyze their chart.

This company offers many different things to attract more customers. On the other hand I feel comfortable trading cross pairs and exotic pairs and therefore my percentage of profitable trades is higher than what I demonstrate on majors. What characterizes their trading platform is that the web version works equally well with the desktop version. Therefore, all you will have to consider for trading is the broker’s spread. Finally, I think that a broker has to deliver fresh analysis and actual market updates for its clients. You are probably a beginner and are just thinking about opening a XTrade account.

I do rarely trade major pairs because I find them quite difficult to trade. Yeah, sometimes I manage to catch the right moment and enter the market on majors but I should confess that it occurs rarely. Perhaps, these assets are not for me and I find this explanation very rational.

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 crypto brokers canada an optimized trading experience. CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument.

I can say that it’s set up quite similar to anything you’ve seen before, if you have any experience. I knew straight away that I was going to use a mobile app. Having regulation was definitely one of the criteria on which I made my choice, it’s important – it means I have certain guarantees.

The VIP account requires a minimum deposit of $20,000. The additional benefits that the account comes with are an individual trading strategy and support, corporate gifts and priority account and payment processing. In addition, there is an economic calendar, analysis tools and News feed inbuilt into the platform, daily analysis video and other education support essential for everyday trading. 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). As for assets, I can say that in addition to tradition assets such as currencies and indices I also started to trade government bonds here.