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Xtrade Europe LTD Review year : Forex Broker Reviews & Ratings

xtrade review

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 will need to know about trading with Xtrade. A fantastic agent can take your first investments and help to protect it from losses but also give you a platform that can help to provide you favourable profits. If you want to make profits, you should trade with a broker service that aligns with your investment objectives. All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with.

When there is no free margin left with the customer, Xtrade will cease your own positions. When the losses in the stopped out position exceeds your account balance, you may experience a negative account balance. Xtrade is a worldwide recognised broker with 10,000+ customers. It majorly owes this standing to its incredible platform and wide selection of tools plus resources so you may invest in capital markets. Over 10,000+ users registered with them can affirm to their trustworthy nature.

Trading platform

Another concern with online trading brokers is in respect to safety may be manipulation of trading. This is highly disadvantageous for users on those platforms. Nonetheless, this is much more widespread in the example of Market Maker brokers who compete with customers on the platform. Xtrade provides 24/5 customer service via phone, e-mail, and live chat. The FAQ section attempts to answer basic questions, and a glossary is also available. It also features a dedicated complaint resolution process, aiming to deliver exceptional customer service.

It appears that Xtrade has changed over the past decade and decreased the quality of its trading environment. Before starting to trade, potential Xtrade clients should arm themselves with all possible information and trading skills needed to be successful in the world of forex and commodity trading. If Xtrade’s website itself does not provide enough means, a trader should explore other information sources to obtain that skills and knowledge.

Xtrade is a forex broker with its head office in Australia and provides a variety of instruments for online trading. Since its beginning in 2003 they have emerged as a top-tier player in the field of online trading. Xtrade has an extremely professional and full-featured trading website that is focused on currency, indices, metals, sharesand commodities.

It does, however, charge an inactivity fee of $ 50 per month should the trading account become dormant after there has been a lack of activity for three consecutive months. 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. In sum, the company XTrade is a stable, strong and reliable company, which is its superior to many other companies.

However, every trader should remember that leverage can work both for you as well as against you, so you should be cautious when using it and learn more about how to use tool smartly. The international brand that serves worldwide clients XTrade International operates in various jurisdictions through its license obtained by the Financial Service Commission in Belize (IFSC). No, XTrade is considered a safe broker because is authorized by CySEC to provide lower-risk Forex and CFD trading. The regulation is tailored with a compensation scheme in case of a client’s insolvency.

XTRADE Education and Training

It seems to me that the system is running after my StopLosses. I eventually adjust my StopLoss twice to avoid it as you can see in the picture. Have I not been able to quickly adjust my SL, I lost again with the help of my account manager. According to the staff’s on-the-site investigation, the address of Xtrade was the same as that declared by the supervision agency. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation.

How does Xtrade work?

Xtrade offers around-the-clock support and delivers world-class solutions to its clients in more than 25 countries. We provide a sophisticated trading platform available on the Web and Mobile. It allows our clients to manage trading activities from deposit to withdrawal, from any place they are in the world.

The demo account gives inexperienced traders a chance to acquire knowledge about the market and chalk out its own financial strategy. Apart from demo account the company offers also loads of services for traders, including financial calendar, training center for learning trading, free e-book and many other financial tools. Xtrade is widely regarded as a reputable CFD online trading brokerage. There are scores of shares, indices, commodities and currency pairs available, in addition to ETFs. The entire global economy is represented as this trading brokerage is available in 140 countries. It is fully licensed and regulated, so credible operations are guaranteed.

Commission And Fees Explained

A comparative analysis can put things into perspective so that you are aware of what to expect. Together with everything, Xtrade has multiple benefits to new and verteran traders and should be investigated. There’s no minimum time over which a transaction must be kept open.

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Client deposits remain segregated, but Xtrade does not list the banking institutions. 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. CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument.

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. Traders will find significantly superior conditions elsewhere. This trading platform can be enjoyed in a demo mode or a real money mode.

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. Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC). These bodies have rules that make sure that trading platforms have measures in place to maintain investor’s assets procured. This means that Xtrade users do not need to worry about their money since it’s segregated and safely stored in established banks. SSL encryption secures every user’s private information also.

  • Summing my experience here up, I should say that the broker is acceptable.
  • However, this doesn’t necessarily mean that online brokers don’t charge any fees.
  • Our review of Xtrade discovered that the minimum deposit amount is just $100.
  • XTRADE has more than 10 years of experience in the forex market.
  • In all instances, clients can enjoy CFD trading with a free demo account upon registration.
  • There are useful tools that allow you to analyze with more efficiency right in the platform.

The company has the active customer support, where you can apply and describe the issue emerged by e-mail, chat, telephone or fax. The company’s experts response customers’ complaints quickly. Traders can 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.

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.

Having a large selection of financial instruments has made my trading more varied. I highly recommend this platform for its versatility and competitive pricing. Excellent customer support team, always available to address any concerns or queries. This broker has only one platform.This platform suits me and I find it convenient. But I think that other traders might find this platform less convenient and they will have to get used to it.I just wanted to write about it.

We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Yes, the broker provides news and analyses through, which includes an economic news calendar, daily analysis videos, and market analyses conducted by market experts.

xtrade review

This does not mean, however, that the VIP status is not available. Those who wish to have more personalized approach can obtain the VIP package as the part of the promotional program. Overall, the account registration is rather easy and does not take much time. Xtrade fails to introduce its trading platform and deploys misleading marketing for a sub-standard solution. Xtrade offers a limited choice of assets, placing it near the bottom compared to all brokers. New traders can consider the educational section at Xtrade, which also publishes daily trading ideas.

Nevertheless, as long as you take the time to read the special conditions and understand what is involved these bonuses are definitely worth considering. Xtrade offers the flexibility to trade with high, low, or no leverage at all. You can control your Equity by depositing or withdrawing funds and you are able to control your Total Position value by opening or closing positions.

Xtrade support agents are ready 24/5 to help in the great variety of issues. The customer support can be reached via live chat, phone, email or phone. Xtrade is regulated by the CySEC (Cyprus), the IFSC (Belize), the FSB (South Africa), and the ASIC (Australia), which covers most parts of Europe, Africa, and Asia-Pacific.

Secondly, I got familiar with government bonds here for the first time. I read a corresponding article on the site and now I trade them. That’s so good that I had extra margin, so I allocated it to hold long term trades on these assets. There are useful tools that allow you to analyze with more efficiency right in the platform. One of these tools is the insightful economic calendar where you can look up the current financial statistics. And also there is a possibility to read about the news and how it affects the market.

Please note that due to regulations, the content in this review of Xtrade does not apply to users in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America. New traders have access to 21 courses with numerous lessons in short video format of often less than two minutes. Please read xtrade reviews below and share live trading experiences with this broker. XTrade is a forex broker regulated by ASIC (Australia) and IFSC (Belize). Some brokers decide to offer no bonuses or promotions at all, but Xtrade seems to have gone in completely the other direction. Here are the current choices, if you’re considering choosing Xtrade for your broker.

In the following table we take the main parts of any good online broker and compare Xtrade with freetrade, and easyMarkets. 73% of retail CFD accounts lose money with this provider. You are able to make use of an option for Two Factor Authentications (2FA) with Xtrade https://forexhero.info/ for increased safety. An SMS for the confirmation code will be sent to a phone. You will be required to enter this code to log into your accounts. Over the past 20 years, Xtrade has developed into one of the leading online brokers available to the public.

Trading in FX and CFDs involves risks of loss due to the leveraged nature of the trading. The information contained in the Xtrade website and disclosure documents is of a general nature only and does not consider your personal circumstances, financial situation, or needs. Potential traders need to do as much as possible research about speculative trading before commencing to do it and while trading. Also, it also hosts a tablet trading app with an advanced graphical interface, quick transactions and deposits, full activity reports, intuitive navigation, and alerts setting. The cost of trading depends on different factors like commissions, spreads, and margins. The process to open an account can be started from links on the company homepage.

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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