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Need a trusted Forex broker? Learn more at our honest XTrade review!

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. 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 Belize IFSC is the sole regulator of Xtrade after this broker dropped ASIC and CySEC regulators. One of XTrade’s representatives abused trust by funding my account without my permission and opened positions. It came from the same location in Israel used by Xtrade’s representative to the FPA.

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. We sincerely hope that this Xtrade Broker review helped you understand the professional treatment of clients under the wing of the Xtrade community.

Xtrade also offers price charts and access to live currency rates. The trading platform is also easy to use and requires minimal training. This means that you can start trading as soon as you have access to the internet. If you don’t have the time to do so, Xtrade may not be for you.

It can be great preparations for the world of live trading, giving ample opportunity to test out strategies, understand how a trading platform works, and to get a feel for the broker. There is no need to make a deposit, just a simple registration process to complete and you get given a pot of virtual trading money completely free and gratis. Once you’ve found your way around trading in the virtual world it’ll be time to sign up for a real money account. And while some may find it disappointing there is only one type of account, we found using it an enjoyable and easy experience. The minimum deposit for a live account is only $100, which is perfect for the beginner. The real money account offers variable spreads, averaging at around 0.3 to 0.6 pips.

Xtrade is a regulated broker with a clean track record, in operation since 2003. Xtrade also offers a dedicated complaint resolution process. Traders get daily videos with trading ideas, the best research provided by Xtrade via third-party contributors. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.

xtrade review

Xtrade provides a comprehensive education center under the appropriate e link on its website. 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. You can make money if you have 100,000 on your account, without that amount you shouldn’t even try binary options, all the best and stable earnings on the internet. Special thanks to customer service for their support. Managers helped me to understand all broker’s features when I just started trading.

I was amazed by the Xtrade broker Service use: LiveLength of use: 3

New traders will find the choice sufficient to start trading financial markets, but more advanced traders will find that they do not have sufficient trading opportunities. The mobile application features an intuitive multi-asset application that includes full functionality for all major technical indicators and a wide range of tools for real-time charting. In addition, a tablet trading application is supported, which features an advanced graphical interface for fast trading and deposit, full activity reports, intuitive navigation, and alert settings. Xtrade was first established in 2003 and is owned by XFR Financial Ltd, a company licensed and authorized to operate by CySEC, to offer Contracts for Difference. It also offers trading services on shares, commodities, indices and foreign currencies.

Help future customers by talking about customer service, price, delivery, returns & refunds. I found some information about this asset on the Internet. My asset was shares, so I watched the issuer’s statements. I tried to analyze the dependence of reports and news about the issuer on the value of its shares. I immediately noticed Xtrade because a lot of people praised the mobile version of the app.

These are great features for new traders, as they can easily learn how to trade without having to learn all the complicated technical terms. 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. It also comes with a demo account, a welcome bonus, on platform training, spread reduction, and VIP deposit bonuses.

Unique features & Trading Platform

I trade only CFDs and actually this broker suits me most. Didn’t find any lags or freezes, everything is quite stable. Suppose that the broker always watches for the stability of trade99 review its platform. 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.

In the world of forex broker companies, it counts much for the company’s reputation if it has been honored with awards from esteemed organizations or publications. Scammers charge why sdlc is important $20 or $30 a day, but once you’ve deposited the money, you can’t withdraw it from anywhere. At first glance it seemed too simple and not very rich in tools — which is true.

Does Xtrade have fees?

A Dormant Account Maintenance Fee of up to $100 USD per month is assessed to Xtrade accounts that are inactive for one year or more.

While Xtrade does not provide response times, it does indicate an effort to assist its traders. In simple words, I can characterize this broker as perfect for trading at night and during news releases. It’s because it offers fixed spreads and charges no fees. I opened a demo account at xtrade and got so involved that I stayed here for a long time. I watched a lot of video courses and especially I liked the ones about in-depth technical analysis and trading psychology. Trading platform used for trading can work in demo account mode.

Also, make trades with foreign currencies, indices and Bitcoin deals. It has an enormous learning centre for people with poor skills and knowledge in trading field. Traders at XTrade can capitalize on the broker’s 3-piece trading platforms, which include the MT4 trading platform, Webtrader platform and mobile trading for iOS, Android and Windows phone devices. This means that irrespective of where a trader is, they can always trade via mobile as long as there is internet connection.

I spent some time learning platform, and now I don’t have any problem using it. As for trading skills, I’m still in the process of acquiring them. I signed with the broker, traded for two months on a demo account and now I try to work on a real one, trading microlots . You can’t lose a lot, although your gains will be miserable too, but it’s good training and it gives real emotions – the thing I didn’t face on a demo account.

Only spreads are charged when trading on this platform. 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 for 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.

How to Get Started with Xtrade

It functions immediately after registration of trading accounts and deposits. To switch to demo mode, you need to press special button on platform. At first I had a standard account, now I have a premium account here with a minimum deposit of 1,000 euros. Here conditions are still better, there is a welcome bonus, and there is a personal account manager.

xtrade review

Terms and conditions do apply, and traders must read and understand them before requesting a bonus from Xtrade. 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 Trustpilot Experience

Traders at XTrade also enjoy fixed spreads on forex trades, which begin at 3 pips for most currency pairs. This broker also offers traders an opportunity to earn cash when verifying various account details. When Traders verify their account, they receive $25 in cash types of quant strategies bonus. They also receive $20 in cash bonus when they verify their phone number. My Xtrade is an online dashboard designed for clients that offer all the vital information related to Xtrade Forex trading. Xtrade offers traders a pretty awesome choice of CFDs.

Secondly, I appreciate the broker’s trading platform, Webtrader. Believe me, I have traded in several places, and there is really very good quality of order execution on the trading platform. After the demo version I opened a Premium account for $1,000 and now I consult with my personal manager. Also the company provides significant bonuses for new clients, the amount of which can be up to $6,000.

Trading Platform

Account verification bonus – Verify your account and receive a free $30 cash bonus. It is credited to your equity and used for trading purposes. You will have to reach 300 XPoints within 30 days in order to redeem it. Phone verification bonus – Verify your telephone number and you will receive a free $20 cash bonus.

xtrade review

Ideal conditions have been created for beginners and professional traders, and as a result, the broker makes money together with traders. I think this is a perfect collaboration and it should be. My journey in trading started from crypto when I wanted to catch the wave of crypto hype. I managed to do it, but not for a very long time, as I was lack of experience, I ended up with the zero deposit. Some belong to welcome package, and others are available for VIP customers. I working with Xtrade because it is 19 years of experience.

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). I also like that the broker has a video on daily market analysis and financial news section.

On my first trade the broker, Artyom Egorov , drained all my money. I consulted him several times and tried to close the deal, to which he told me that he had read everything and the chart would go up soon. In the morning I got up and there was no more money… As an Xtrade forex trader, you get to benefit from trading free of commission.

Few months ago, I deposited my account and started trading on Xtrade broker’s platform. During this time, I managed to earn some money and decided to check withdrawal process. XTrade executes the withdrawal of funds from the account after receiving a request sent by fax or e-mail. This company processes the withdrawal requests quickly, allowing traders to get their money within short timeframes.

WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. These people are really depressed, my deposit is only 36500, now I have no money, the operation broke down.

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