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Xtrade Review Is It A Safe Broker Or Scam 2021 Update

XTrade Withdrawal fee or deposit charge is 0$, means the broker covers transaction expenses, unless your own bank or payment method requires some performance charges in case of the wire transfers. If you deposit via credit card, any withdrawal amounts will be returned to that credit card. Likewise, if a deposit is made via bank transfer, the withdrawals will be transferred back to your bank account. Additional costs like non-trading fees, funding fees and inactivity fees are ranked below. The trading conditions won’t be different and features the same support, education, news and available numerous signals.

xtrade forex broker review

You can use these trading strategies in trading on the Xtrade demo account to understand what you like best. I want to tell you that having a personal trading strategy is important for successful trading. Much depends on the character and temperament of the person. For example, someone more risky trades intraday and during news releases. Other people prefer more stable assets for the long term. As a rule, such assets bring small but constant profit. In addition, XTrade has a large selection of assets and a convenient trading platform.

Is Xtrade A Con?

This is a very interesting question because Xtrade broker offers a unique bonus system which no other broker offers. For example, by opening an account with this broker you receive from 30 to 60% bonus, and if for example your deposit amount is $ 10000, then as a bonus you will get additional $ 6000 to your account! In addition, you get $25 in cash for phone number verification, 20% in cash for account verification, and the first trade (up to $500) is compensated at the broker’s expense. So if you’re looking for a broker with a good bonus system, this is the place to go. The rule of thumb with Forex scam companies is; withdrawals are granted as a tool that the broker uses only in order to earn the clients trust so that they will deposit more money. If one does manage to make a withdrawal, they can get ready for the broker to ask for a lot more money on the next call.

Spreads are variable, for example, GBP/USD spreads can range from 2.5 to 5 pips, EUR/USD ranges from 1.7 to 5 pips and EUR/GBP ranges from 3 to 5 pips. Non-trading fees make up the cost of using some brokers and comprise payment fees and inactivity fees. If a deposit was made using an e-wallet though, withdrawals can be processed via bank transfer, Skrill or Neteller.

A Dedicated Support Team – A special team of customer service representatives is on standby to assist VIP traders with any issue they may encounter while trading. No, X-Trade Brokers does not offer a commission-free trade bonus, since the broker uses a fee structure with zero commissions. They must have immediate access to at least $ 250 to pay the minimum deposit. Yes, X-Trade Brokers offers traders the option of trading CFDs on the Nasdaq 100 Stock Index. The Nasdaq xtrade forex broker review 100 Index is a list of the 100 most actively traded companies on the Nasdaq stock exchange and includes non-financial companies from sectors such as technology, retail, and healthcare. Global Trading eBook – An overview of the trading market, different financial instruments, and the main factors that drive the market. Yes, the X-Trade Brokers Traders Dashboard gives traders an overview of current market events and updates on the latest news from the currency markets.

They offer a wide variety of payment options on their website, these include Visa/Mastercard, and over 60 other methods soft forex of payment. They make it very easy to find what methods of deposit are available with their country drop down menu.

Traders are however advised to always scrutinize bonus terms and conditions before entering into account registration when lured by bonuses. Trading fees are charged when you place a trade and include spreads, commissions, overnight forex trading platform software and rollover fees, sometimes also currency conversion fees. X-Trade Brokers can take up to five days to process a withdrawal and it may take even longer to reach the target account depending on the payment provider.

xtrade forex broker review

We update this methodology and our recommended reviews yearly, so that you’re only given up to date information. My Xtrade is an online dashboard designed for clients that offer all the vital information related to Xtrade Forex trading. Xtrade is regulated by the CySEC , the IFSC , the FSB , and the ASIC , which covers most parts of Europe, Africa, and Asia-Pacific. CySEC regulation enables the broker to enjoy uninterrupted access to the entire European markets through the EEA initiative.

Tracking Your Account Information Through My Xtrade

If a trader opens the standard account, he can get an additional benefit of interacting with a demo account. It makes it suitable for the beginners as it gives them an opportunity to find their way around the trade risk-free. A trader with the standard account also has access to an economic calendar and daily market reviews via video. Novices are able to open the XTrade Standard account which only requires a minimum deposit of $100. By using this account, new traders are able to gain a better understanding the money market’s workings, developing and honing their strategies and skills. More advanced and experienced traders are able to deposit sums of $1000 or more and open the XTrade Premium account, which comes with its own features and VIP benefits, such as better spreads. There is also a free demo account which can be accessed by anyone who wishes to test the trading platform and features before making a financial commitment.

  • Xtrade has got you covered as its platform has got excellent execution time.
  • It also has an excellent and convenient trading platform.
  • Traders are however advised to always scrutinize bonus terms and conditions before entering into account registration when lured by bonuses.
  • Depending on the account type of a trader, Xtrade supports both variable and fixed spreads.
  • I was recently called by friends and suggested to become a customer of Xtrade.
  • CFD stands for a tradable instrument reflecting the movement of assets involved and is simply a client-broker contract.

To see the Spread value for each product please refer to the table below that gives you a reference on a price model, however, check the most accurate data on the official Xtrade website or platform. In fact, XTrade through the long operation spread around globally while serving clients from a vast number of countries. As a recognized company in online trading with years of experience and worldwide presence, the firm confirmed its status by many awards and industry achievements. XTrade provides good trading technology with platform selection and spreads on average-low basis, the account opening is fast and there is selection of Forex and CFD instruments. Thinking that customer service actually exists at a company like this one is a mistake in it of itself.

Does Xtrade Offer Cfd Trading?

It would seem that Martin from the UK who lost his money to this company puts it into the most eloquent way possible as he says in his review, “DO NOT trust these liars with a single penny. XTrade is an offshore Forex Broker that offers Forex and CFD trading services. They were established in 2003 and are registered in Belize at No.5 Cork Street, Belize City, Belize. They have additional offices in Cyprus, Israel and Australia. However XTrade.com is not covered under this regulation.

xtrade forex broker review

Because I immediately got a ready-made strategy in order to make money and I don’t have to come up with everything myself. You just need to open an Xtrade demo account and start training your skills. Firstly, an excellent trading platform with the necessary functionality, and secondly, a good support service that will answer questions. The free Demo account that the company offers is ideal for those who want to practice trading in a risk-free environment before opening a Live account. The fully equipped online demo account is available to current and prospective clients and allows all traders to first get a feel for forex and CFD trading on the platform. X-Trade Brokers offers traders its own proprietary web-based platform that requires no download or installation. The platform design is intuitive and effective with award-winning trading tools.

Instruments Traded

Xtrade gives traders the opportunity to a fantastic experience in the Forex market. The broker is reliable which is owed to the regulatory measures put in place. Traders get to enjoy commission free trading and bonuses. For beginners, they get an opportunity to learn through the educational programmes put in place.

xtrade forex broker review

XTrade offers clients the Xtrade Pro proprietary platform. This platform is web-based, but there are mobile versions available (as you’ll see in the next section, XTrade is big on mobile trading). XTrade offers first-rate bonuses and incentives for traders and nearly one hundred asset choices, each with its own Bid/Ask spread dynamics, minimum margin requirement, and leverage amounts.

Xtrade Webtrader Platform

This broker also provides access to various trading tools such as economic calendar, technical indicators and news stream services via the trading platform. 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 what types of brokers are there trade via mobile as long as there is internet connection. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. Xtrade mobile apps are available for iOS, Android, and Windows devices, which are specially designed by the company for delivering the best mobile trading experience on smartphones and tablets.

October 24, 2021

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