Xtrade Broker Reviews and Full Information

What exactly is XTrade?

The broker XTrade was initially was known as XFR Financial Ltd was established in 2003. The company has the company's headquarters are currently in Cyprus in Cyprus. It is providing traditional trading via CFDs on shares commodities, forex, and indexes.

The company continuously expands their offerings and gives immediate access to the most sought-after Cryptocurrencies which are accessible 24/7 via this trading platform. Bitcoin, Bitcoin Cash, Litecoin, Dash, Ethereum, Ripple and other digital currencies.

The international proposal is carried out through a stable entity located in Belize which allows traders from abroad to open accounts and receive high leverage or other terms. But, you must know the differences in the regulations and terms of service thoroughly.

XTrade Cons and Pros Pros and

XTrade is a reputable broker that is regulated by CySEC regulation. XTrade offers a high-quality trading platform that includes spreads and platforms that are low on an average basis. account opening is swift and there's a wide range in Forex as well as CFD instruments.

On the downside, there are some limitations in the product offerings, for instance support is not 24 hours a day, and the international offer is handled through Belize entity.

Xtrade website

10 Points Summary

Headquarters Cyprus
Regulation and License CySEC, IFSC
Platforms MT4 or the XTrade WebTrader
Instruments CFDs on commodities, shares indexes, forex, and shares Cryptocurrencies
Costs 0.6 Pips
Demo Account Offered
Minimum deposit 250$
Base currencies Three currencies are available
Education Education for free with classes and daily analysis
Customer Support 24/5

 

 

Awards

In actual fact, XTrade through the long operations has spread across the globe, providing customers from a wide variety of nations. As a reputable firm in online trading with decades of experience and an international presence, the firm has confirmed its standing through numerous distinctions and awards.

XTrade awards

Xtrade & Cristiano Ronaldo - The broker is involved in a variety of social events that increase their influence in the global picture. Cristiano Ronaldo is Xtrade official ambassador for 2016-2017 This is an opportunity to help the world's best footballer, while also promoting the most popular marketing CFD product for trading.

 

Is XTrade legitimate or safe?

It's not true, XTrade considered safe broker since it has been authorized by CySEC to provide less risks Forex as well as CFD trading.

Is XTrade legit?

The XTrade group and the company are fully compliant with CySEC regulations in accordance with their corporate headquarters in Cyprus and their obtained license as well as multiple authorizations and registrations across within the EEA zone. The brand internationally that caters to clients across the globe. XTrade International is a part of a variety of areas through its license granted from the International Financial Service Commission in Belize (IFSC).

In reality, this license is an offshore one that is deemed to not be secure enough by itself, however the additional regulation by European organizations confirms that the broker follows the international security measures.

What are the best ways to protect yourself?

The funds of the client are separate as we can see through the XTrade Review, means an account where traders' assets are held is separate from the assets of the broker which provide the security of funds and security and money protection. Additionally, every account opened by a client is within the Investor Compensation Fund.

Additionally, Xtrade continuously monitors its operation in accordance with regulatory requirements and provides complete security for any transactions or manipulations made online.

Additionally, as per the rules, traders can't lose more than their initial deposit because the broker has applied negative balance protection. This overall is what makes XTrade regarded as an extremely safe Forex broker.

 

Leverage

Leverage provides a truly unique chance to boost trading possibilities by using the tools of leverage. But, all traders must keep in mind that leverage can serve you and against you, which is why be careful when you use it. You should also be aware of how to utilize the leverage effectively.

Regarding XTrade leverage offerings since there are two primary legal obligations that clients from different jurisdictions will be covered by specific limits of leverage.

  • European clients and traders operating within CySEC regulation. CySEC regulation, according to the latest updates, are permitted to leverage maximum of 1:31.
  • The International clients that use XTrade International may enjoy leverage until 1:400..

 

Types of accounts

With the use of one Xtrade single account, you can trade on multiple devices, with no distinction among the trader. Beginning traders can play around with the risk-free trading environment by opening a Demo account opening.

You are able to either increase the size of your account, and once your account reaches or has an amount of amount, it'll be converted to a the Premium Accountwith $1,000 in balance, Platinum Accountwith $5,000 and VIP Account with25,000dollars accordingly. The trading conditions will not differ and will provide the identical assistanceeducationnewsand various signals available. However, there's an improvement in spreads and other educational videos for the Platinum or VIP accounts.

XTrade accounts

Trading Instruments

This XTrade trading instruments, also known as trading products, are available through a renowned CFDs or Contract for Difference model, which provides a variety of flexible options for price speculation, without a specific ownership of the asset.

-- the Xtrade equity CFDs allow trading CFDs around the world on the most traded shares - Apple, Google, Nike, JP Morgan, IBM and more. with 5% Start Margin.

-- Forex Trading includes the most well-known international currency pairs, EUR/USD, USD/JPY, and so on and the most sought-after cryptocurrency. Xtrade trading platform offers more than fifty leveraged Forex pairs that leverage up to 1:400.

-- Index CFDs CFDs Index S&P 500, Dow Jones, etc. The value of one Index CFD equals the value that is quoted by the exchange rate of the Index. The broker provides market-based spreads that are fixed between the price of buy and sell and there are no commissions.

-- CFDs for commodities such as Silver, Gold and Oil Natural Gas, etc. The value of a contract for one Commodity CFD is equal to the value that is quoted for the commodities in the country of origin. For instance, if Gold CFDs trade at $1,200.50 The value of an ounce of gold CFD would be $1,200.50.

 

XTrade assets

Fees

The XTrade provides a variety of technical solutions and tools that can help you achieve better trading conditions. It also offers cost savings and zero commission policy but with set spreads (e.g. spreads between price of the buy and sell for EUR/USD between 2-5 pips). Additional expenses like non-trading costs as well as funding fees and inactivity fees are listed below.

 
Fees XTradeFees BDSwiss Fees AvaTrade Fees
Fee for deposit No No No
The fee for withdrawing No No No
Fee for inactivity Yes Yes Yes
Fee rating Low High Average

 

Spreads

XTrade trading charges are based on an XTrade Spreads-Onlystrategy which has an amount fixed, meaning that the costs of traders are incorporated into a spread. A spread represents the gap between bid price and the asking price of an instrument of financial value. To view the Spread price for each item, you can refer to the table below, which provides a guideline on pricing models, but make sure to verify the most current information at the official Xtrade site or platform.

But traders will receive an improved price offer from the XTrade broker as long as the accounts grow in size or type. Therefore, the spread of the most common EUR/USD pair is set at 5 pips for Standard Account, 3 pips for Platinum and Premium, and 2 pips for VIP accounts.

Overall XTrade spreads are regarded as an low-spread spread among market. To illustrate look up and contrast Xtrade to the eToro charges.

 
Asset/ Pair XTrade Spread BDSwiss Spread AvaTrade Spread
EUR USD Spread 0.6 pip 1.5 pips 1.3 pip
Crude Oil WTI Spread 1.5 6 3
Gold Spread 10 25 40
BTC USD Spread 95 2000 0.75%

XTrade Cryptocurrency

Swap fee

The ability to open a position within a specified time (approximately 22:00 GMT) is subject to an Xtrade funding premium or fee for overnight which is deducted from the account for trading. The fee covers the cost of financing and can differ from one asset to anotherreason, e.g. The Eur/Usd cost for sell or purchase is approximately 1.8.

 

Deposits and withdrawals

In order to deposit or withdraw funds, the customer has a variety of options to pick from, but it all depends on the location of the client it is easy to browse through the official XTrade website.

Options for deposit

The methods available include the following options So you can pick the one that is most suitable for you.

  • Credit/debit cards,
  • Transfers to banks,
  • American Express,
  • PayPal,
  • Skrill and many more popular alternatives.

There aren't any charges for deposits or withdrawals to the customer by the business,

XTrade minimum deposit

The XTrade minimum deposit is $200, but you need to determine and budget for any costs that are necessary since the range of trading instruments offer various spreads and margins. E.g. to open a new account with equity, the account's balance must meet the initial margin requirement. Additionally, Xtrade occasionally runs promotions that offer lower deposit thresholds.

Minimum deposit at XTrade is lower than other brokers

  XTrade The majority of other brokers
Minimum Deposit $200 $500

Withdrawal

XTrade's withdrawal fee or deposit cost is zero dollars which means that the broker pays for transaction costs in the event that your banking institution or payment method has certain charges for performance in the event of wire transfer. If you make a deposit using a credit card, all amount that you withdraw are returned to the credit card. If a deposit is made by bank transfer, any withdrawals will be returned into your account at the bank.

XTrade Deposit methods

 

Trading Platforms

The Xtrader platform is an online-based, proprietary software and also allows you to continue trading on top of the line MetaTrader4. However this proprietary platform has earned a lot of benefits from both professionals in the industry and traders, so you could try it out and remain on the XTrade platform.

Pros Cons
Proprietary Web Trading Platform None
Design and layout that is user-friendly, as well as login  
Price alerts  
The MT4 is also available  
Multilingual support  

Web Platform

The platform doesn't require installation and comes with a comprehensive range of tools for trading to ensure optimal trading. It is also equipped by market research and quick processing of transactions.

Mobile Trading

To ensure that you never miss the chance, Xtrade developed a powerful mobile platform which is accessible for iOS, Androidand Windows. Mobile platforms are user-friendly platform that is backed by notifications and charting tools.

Desktop platform

In the end, as a trader you'll be able to access real-time charting , and virtually all the possible manipulations on the web platform or applications. It is simple and easy to comprehend or even perform to novices, without mentioning professionals who can benefit from the full power of robust tools.

XTrade Platfrom

Customer Support

XTrade offers various assistance which improves your trading experience and ensures effortless. Contact the to the customer service via Live chat, emails, or telephone lines. In addition, due to the international coverage, you can avail multilingual support and customer service centers which are open 24 hours a day.

 

Education

You can develop strategies and trading abilities using professional tools for trading as well as education resources as well as regular market updates that make it feasible for novices to also join.

In addition, there's some tools for analysis, an Economic Calendar, as well as News feed built into the platform. There is also a daily analysis videos, and other assistance that is essential to trading in the daytime.

XTrade education

Conclusion

In conclusion of XTrade review, the broker offers solid and stable conditions for trade. The main feature of their offering is fixed spreads, no hidden costs, a robust online platform and an extensive selection of trading instruments. As a licensed broker, they adhere to the strict guidelines of client security, as well as the security of the funds and secure trading environment. Also, what is nice is the fact that XTrade is able to support their customers with a variety of methods that range from great assistance to zero-dollar charges for money transactions and widely accepted methods.

Summary
Properties Values
Name
Xtrade
Minimum Diposit
$ 250
Leverage
400:1
Regulation
ASIC (Australia),IFSC (Belize),CySEC (Cyprus),,,
Headquarters
Belize
Established
2012
Address
No.5 Cork Street, Belize City, Belize. C.A, Belize
Platform
MT4,MT5,MT4 WebTerminal,MT5 WebTerminal,Meta Trader Mobile,,,
Payment Method
Paypal,Visa,Mastercard,Credit Card,Wire,Skrill,Neteller,Perfect Money,Webmoney,Bitcoin,Tether USDT,S
Overview
Properties Values
Spreads
0.6 Pips
Min Position size
0.01
Broker Type
MM ( Market Maker),,,,,
Account Type
Cent account,Mini account,High Leverage,Islamic account,Standard,,,
Brokers by Country
Australian Forex Brokers,,,
Techniques
Hedging Forex Brokers,Carry Trade Brokers,Spread Betting Brokers,Automated Trading Brokers,Mobile Trading Brokers,,,
Instruments
Forex Trading Brokers,Gold Trading Brokers,CFD Trading Brokers,Crypto Trading Brokers,Stock Trading Broke,Oil Trading Brokers,Commodity Forex Brokers,Metal Trading Brokers,Indexes Trading Brokers,,,
Account currency
,USD,,USD,,USD,,USD,,USD,,USD,
Tools
Charting Software,,,
Website Languages
en,,,
Support languages
en,,,
Bonus
Yes
Reviews Rating
3.0
Withdrawal Fee
No
Trading Signals
No
Free Education
Yes
Daily News
No
Demo account
Yes
Swapsr
Yes
Pors
1. XTrade is a forex broker regulated by ASIC (Australia) and IFSC (Belize).
Cors
1.  fair and solid broker
Display Analysis
No
Serving country
AU,BZ,CY,,,
Not Serving country
US,,,
Contests
Yes
Market analysis
Yes
Copy Trading Brokers
No
Bitcoin Forex Brokers
Yes
Social trading
No
Web trading
Yes
Forex pairs
No
CFDs
Yes
Crypto
Yes
Hedging
Yes
PAMM
Myfxbook Auto trade,Mql5 signals,,,
Mobile Trading
Yes
Scalping
Yes
Automated Trading
Yes
Partnership Programs
Yes
Free Phone
+44 2038074001
Customer Support
24/5
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