Xtrade is an online broker that offers forex and CFD trading on various assets, such as stocks, commodities, indices, and cryptocurrencies. Xtrade was founded in 2003 and is regulated by several authorities, including CySEC in Cyprus, ASIC in Australia, and FSCA in South Africa. Xtrade claims to provide a user-friendly and innovative trading platform, as well as a range of educational resources, market analysis, and account options for traders of different levels and needs. However, as with any broker, there are also some potential drawbacks and risks involved in trading with Xtrade, such as fees, customer service, or platform availability.
- Daily market news and 1-on-1 trading platform lessons are free for all account holders.
- A XTrade demo account provides a risk-free environment for experimenting with the XTrade platform’s features and trading strategies before risking your actual funds.
- Take the time to read up about your preferred currency pairs, and the macroeconomic variables (GDP, interest rates, inflation rate, employment figures, etcetera) that may influence prices.
You should take the security of your personal information seriously and check SSL encryption is enabled on the XTrade trading platform to protect you on PC and mobile XTrade platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using XTrade web trading platforms. In addition, currency conversion fees may apply if the XTrade withdrawal and receiving currencies differ, adding to the overall transaction costs.
Their customer support team is also available on six of those days to help out their clients whenever the need arises. We here at Xtrade appreciate all the reviews and feedback we receive from our clients, and we aim to deliver the best customer service and most amazing trading experience. There are multiple account types available that are sorted into tier lists with increasing minimum deposit requirements.
Xtrade
The broker is regulated by two independent regulatory bodies and complies with the International Financial Services Commission. With this many security measures in place, the broker seems legit and offers more than 400 instruments in various asset classes. The broker advertises itself as a reliable with extensive xtrade broker experience that focuses on the safety and comfort of their clients. We will discuss and review all critical metrics like spreads, trading commissions, trading platforms, and much more in this review of Xtrade. Xtrade is positioned at the forefront of the forex trading industry, for retail traders.
A spin off from “spread betting”, this straightforward trading regimen involves buying a contract with your broker that will pay off if the market moves in your favor. Your reward is based on the difference between your opening and closing position, the units purchased, and leverage chosen. The MT4 is the most popular trading platform in the industry because of its multiple features. On Xtrade, it is available for Premium, Platinum and VIP account holders. It doesn’t require any installation and it can be used by any trader. WebTrader is compatible with all browsers and it gives users several important features, like the demo accounts, market news and analysis, economic calendars, price charts and many more.
- Andrew has a well-established career in fintech and came up with comparebrokers.co to make
trading on financial markets more transparent and accessible. - Our team has endeavored to break down the complex world of trading with XTrade into easily digestible information in this XTrade review.
- XTrade offers various funding payment methods listed in your XTrade dashboard if available in your region.
- It clearly highlights the difference between xtrade and other brokers making them really stand out.The question is often time raised, if a broker’s proprietary platform is reliable.
This broker did not score well during our testing process and is not recommended by our experts. 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 recommend brokers, read our methodology. With all this said, I can confirm to all the traders out there that Xtrade is a legitimate business that can be trusted.
Broker Information
We filled out the withdrawal request slip and submitted it to the customer support team together with verification documents. Bank wire methods however may not be as swift as other methods. It could take more than two business days for the money to reflect in your account. Xtrade provides access to its proprietary trading platform which offers limited capabilities when compared to other popular platforms like MetaTrader 4 or TradingView. The platform can be accessed via the website when using a desktop and there is no downloadable application.
Does XTrade allow hedging?
The first thing you need to know when asking yourself “what is forex? Forex is a market giant that is not limited to a physical location or state borders. It is always busy in the currency exchange market because the
situation is changing every moment. There is no downtime if you want to be successful in forex trading. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.
Based on our research, we found broker’s great selection of trading education suitable for both beginners and advanced traders. The broker offers a great variety of courses, articles, video tutorials, and glossaries. You are able to develop trading skills and strategies with professional trading tools, along with educational resources and daily market reviews, which makes it possible for beginners to join as well. To better understand the XTrade trading platform, you can create two separate accounts – one with real money and the other a XTrade demo account. A XTrade demo account provides a risk-free environment for experimenting with the XTrade platform’s features and trading strategies before risking your actual funds.
Xtrade is regulated by several authorities, including CySEC in Cyprus, ASIC in Australia, and FSCA in South Africa, which ensures a high level of security and transparency for its clients. Probably not.But what I value here is the abundance of different choices.First of all it’s the choice of trading instruments. There are lots of assets across different markets to trade on and make profits.
Trade with Confidence
Forex trading is all about speculation and predicting financial markets gyrations. Although the basic
principle is simple–buying and selling different currencies–the reality is more complicated. In fact, it is–as some economists like to say–the most
unpredictable merchandise.
This approach can help you gain experience and confidence in XTrade trading decisions. Brokers that operate under the supervision of regulatory authorities like XTrade are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors’ deposits. XTrade are held accountable for their actions and may face severe consequences if they violate any financial regulations.
Likewise, if a deposit is made via bank transfer, the withdrawals will be transferred back to your bank account. The international proposal through performed through an established entity in Belize that allows international traders to open accounts and also get high leverage or other conditions. Yet, be sure you learn the differences between regulations and conditions well. Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone.
Transactions are free but your financial institution might charge you for the same. This method of transaction is fast and it reflects immediately. It is hard to find more balanced trading conditions than this broker.There is a great potential in it.