XTrade Review, Rating and Awards 2023

xtrade review

Most agents do not charge an excessive amount of money for this operation. In general, Xtrade does not charge high fees compared to other online agents. For operations other agents charge for, they do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for people who often exchange, such as weekly or daily trading.

XTrade has been existing in the international financial market since 2003. Every beginning trader must go through training and practice trading on a demo account. But, non-trading fees charged by Xtrade are comparatively greater. Consequently, you’re charged more for non-trading actions on your trading account, such as withdrawal and deposits. MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

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. All in all, there is a lot to offer all kinds of traders. It has a great reputation, an interesting and generous bonus system, great trading software and mobile apps, as well as a wide variety of assets and trading instruments. Xtrade is definitely a broker we would recommend trying, so why not start by signing up for a demo account so you can decide for yourself. The company XTrade is one of the most stable companies in the international financial market.

Xtrade Review Conclusion

Xtrade has an excellent demo trading interface that allows traders to get a first-hand experience of the different CFD products offered by the company. Traders can choose from 150 different products, which consist of more than 50 currency pairs, 10 commodities, 25 global indices, and around 100 shares from the US and the EU. Xtrade demo trading closely resembles the actual trading environment, but there may be some differences in execution speeds and other aspects of trading.

Is Xtrade a legitimate trading company?

Is XTrade regulated? A 1: Yes. It is regulated by Australia Securities & Investment Commission (ASIC).

Forex spreads for major currency pairs are 5 pips for EUR/USD and 1 pip for minor currency pairs. The spread for XAUUSD is 6 pips, for XAGUSD 3.6 pips, and natural gas 3.4 pips. Index products have a spread of 6 pips for the Russell 2000 and 3 pips for the US 500. The minimum spread for bond products is 2.2 pips and for ETF products is 2.1 pips.

Unluckily, not many people read those and they sometimes end up in unfavorable situations. New traders have access to 21 courses with numerous lessons in short video format of often less than two minutes. Xtrade notes an investor compensation fund without providing details.

Withdrawal processing times, per the FAQ section, can take up to ten business days. Xtrade is a global CFD broker that offers online trading services to retail and institutional clients worldwide. The company was founded in 2010 and is regulated by various financial authorities such as the CySEC in Cyprus and the ASIC in Australia. 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.

XTRADE Deposits and Withdrawals

Xtrade appears to have taken several steps backward after dropping two of its regulators. It maintains the most expensive trading environment among all online brokers, and offers traders a below-average asset selection and a sub-standard trading platform. The research and educational services remain average, complete transparency is missing, and the overall trading environment lacks competitiveness. Xtrade does not support automated or social trading, and provides only limited trading tools to clients. The introduction of its products and services remains sloppy.

Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Quick platform; solid leverage; an immense quantity of tradable assets and all these words are about this broker. Having a large selection of financial instruments has made my trading more varied.

However, ensure you know how to make the most of your cash before investing larger sums. Xtrade is a trading partner that has found its way successfully to the broker world. In this review, we have tried to collate some of the important aspects of Xtrade.

New traders can pick up some valuable information, and the approach is ideal for millennial traders who prefer videos of less than two minutes, accessible from their mobile phones. While Xtrade attempts to offer education, it does not appear genuine, and new traders will find a more comprehensive solution, free of charge, elsewhere. Xtrade requires registration to access most xtrade review lessons, which is acceptable as long as traders do not have to commit to a minimum deposit for educational resources. Xtrade offers a more than decent level of customer support and it’s available 24 hours a day, 5 days a week, regardless of where you might be located. There is the option of sending an email, a fax or calling one of the many international telephone numbers.

It also has an office in South Africa but does not list an operating license by the FSCA. 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.

Xtrade Awards

From Xtrade mobile app to resourceful knowledge center and generous Xtrade bonus, you will be treated right. Whether you are an experienced financial wizard or a new customer making his first steps in the world of Forex trading, Xtrade will make you feel welcome and help you every step along the way. If you should have any questions, concerns, comments, or inquiries that this Xtrade review doesn’t offer answers to, contact the customer support service and assistance via e-mail or phone. 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.

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With a virtual Xtradedemo account, you can experiment at all, to whatever length you wish. You can also open positions, test different trading approaches, and more. Download the Xtrade MetaTrader 4 Program free of charge from Apple’s App Store. Xtrade customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go. Our full Xtrade review for beginners covers everything you need to know about trading with Xtrade.

XTRADE Education and Training

They are regulated by Cyprus Securities and Exchange Commission (CySEC) and must adhere to their rules. You’ll find the clean design of this platform along with the commendable features that are pleasant to work with. There are multiple ways to finance your account with Xtrade.

Xtrade Forex broker is a credible company that offers its CFD trading products as a real FX alternative. Professional traders usually prefer direct market access trading that gives them direct access to interbank liquidity providers, but CFD trading can be more suitable for smaller retail trader. Xtrade has an excellent regulatory status that is backed by more than six years of professional experience in the retail Forex trading industry. The broker also provides a wide variety of financial assets to help traders to create a diverse investment portfolio.

  • That gives personal information to the broker and after that, you might expect a call from them.
  • That’s good because you know any broker today can be a scam.
  • Traders can choose from 150 different products, which consist of more than 50 currency pairs, 10 commodities, 25 global indices, and around 100 shares from the US and the EU.
  • Running the platform should not be a problem, since no software is required to be downloaded.
  • I highly recommend this platform for its versatility and competitive pricing.

I cannot say whether they are helpful or not based on my experience. When I encounter some unfamiliar trading term, I can look up its meaning in this dictionary. That happens when I am looking for some helpful information on forums. As a result, I highly recommend studying these training materials. XTrade is an international provider of Contracts for Difference (CFDs) owned and operated by XTrade Group. The company was founded in 2010 and provides over 300 instruments including Forex pairs, Indices, Shares and Commodities trading through its CFD service.

We do not recommend or advise that investors buy or sell securities or stocks. That gives personal information to the broker and after that, you might expect a call from them. The problem with a demo account is that you are trading with virtual money, which is not good.

xtrade review

Unfortunately, XTrade is not in the database of any Tier 1 regulator. While the broker does have an office in South Africa, it does not list a license with the South African Financial Sector Conduct Authority (FSCA). Reituca Marketing Ltd, a Cypriot-registered international business company (IBC), processes all Xtrade International Ltd payments. Please read https://traderoom.info/s below and share live trading experiences with this broker. XTrade is a forex broker regulated by ASIC (Australia) and IFSC (Belize). The quickest and easiest way to contact customer support is through live chat, which is available 24/5.

It’s essential to be vigilant and comprehensive in your Xtrade broker selection to protect your hard-earned money. Performing your due diligence and researching the credibility of Xtrade, its track record, and reputation is vital. Moreover, ensure the Xtrade broker’s offerings, trading tools, fees, and regulation align with your preferences.

xtrade review

Yes, broker offers its customers excellent training materials. I studied them few months ago, but I’m sure they still exist. Training materials are located on separate page of broker’s official website. Because when I opened account with this broker, I didn’t know how to trade.

You get used to some different and bad trading habits instead of good ones. If you take a look at the website presentation you will see that they offer mobile version and tablet versions. That is because those are accessible through the browser and they don’t have actually an app that you can use. Since they didn’t put any significant effort into the trading platform we wouldn’t recommend using it. However, through XTrade reviews we could find some customers that were not satisfied with their customer service and approach to the business. Some of them as well complained about losing all of their funds once they wanted to withdraw them, which is strange.

I wanna proceed with my trading in this place because it’s suitable for me in all regards. You know some brokers have good trading conditions, but very bad customer service. In April 2016, XTrade announced its 1-year partnership deal with Portuguese professional footballer Cristiano Ronaldo. Cristiano Ronaldo will bring new prestige and legitimacy to the online trading industry.

The tight spreads and quick executions are a fantastic advantage for all traders. The technology adopted by Xtrade is of the maximum caliber, making sure that it is fast, reliable, and effective. Xtrade is a online trading broker with its headquarters in Australia and provides a variety of tools for trading. Since its establishment in 2003 they have emerged as a top player in the field of online trading.

What is the minimum deposit for Xtrade?

What is the minimum amount to deposit? 250 USD, however Xtrade occasionally runs promotions offering lower deposit threshold minimums.

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