Mamaty Silks

Looking for a Regulated Broker That Is EEA Authorised? Try Xtrade!

xtrade forex

New traders have access to 21 courses with numerous lessons in short video format of often less than two minutes. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. XTrade is a forex broker regulated by ASIC (Australia) and IFSC (Belize). 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 process to open an account can be started from links on the company homepage.

Processing CFDs requires an entirely different back office and software protocols. To accommodate its needs in the most effective manner, the management team at XTrade chose to develop its own proprietary trading platform. It has the look and feel of other online systems, is user-friendly, and allows one-touch access to open positions, asset choices, history, and trading tools. No complex downloads are necessary, and mobile applications complete the platform possibilities.

XTRADE Current Popularity Trend

However, the proprietary platform gained numerous rewards, from both industry professionals and the traders, thus you may try and then never leave the XTrade platform. The trading conditions won’t be different and features the same support, education, news, and available numerous signals. Yet, there is a spread reduction and additional education videos available for Platinum and VIP account holders.

XTB review: Lower Trading Costs in 2023 for X-Trade Brokers – KSHB 41 Kansas City News

XTB review: Lower Trading Costs in 2023 for X-Trade Brokers.

Posted: Mon, 08 May 2023 07:00:00 GMT [source]

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.

Mobile Trading

Xtrade also provides a dedicated account manager for each trading account, which is supplemented by a responsive 24 hours live chat support. All client concerns are tackled promptly, and you can contact the customer support executives through email or live chat at any time of the day or night to receive the best response to your concerns. Xtrade offers a wide range of financial instruments to trade, including forex currency pairs, commodities, indices, and shares. The company offers over 1,000 tradable assets, with competitive spreads and low commissions. To provide additional assistance and address common inquiries, Xtrade offers a detailed FAQ section. This comprehensive resource covers a wide range of topics, including account registration, deposits and withdrawals, trading platforms, trading conditions, and more.

But as you can also tell there are a number of onerous terms and conditions, which is what often trips people up. Nevertheless, as long as you take the time to read the special conditions and understand what is involved these bonuses are definitely worth considering. In addition to video tutorials, Xtrade provides interactive courses that cover a wide range of trading topics. These courses are carefully curated to provide traders with a structured learning experience, allowing them to delve deeper into specific areas of interest and enhance their trading proficiency.

Broker Information

CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument. We concluded that Xtrade flexibility in terms of platforms, currency pairs, and a number of provided solutions is a truly turnkey advantage. The broker offers competitive costs and excellent education material suitable for traders of different levels.

xtrade forex

Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. Xtrade offers traders the option of opening a demo account to explore the broker’s trading conditions. Demo accounts with a balance of virtual money that sport real-time prices and trading conditions allow traders to practice trading before opening a live account.

XTrade broker regulator

The manager ordered me to make entry trade base on their signal and prohibit me to use tf and sl. The one who used to call my a https://traderoom.info/gci-broker-overview/ d contacted me in telegram can no longer be contacted. Deposit 20,000 US dollars, copy the order and only 180 US dollars left.

Is Xtrade fake or real?

Is Xtrade legit or a scam? Xtrade is a broker that is regulated by two regulatory authorities, namely the Australian Securities and Investments Commission (ASIC) and the Financial Services Commission (FSC).

From an analytical perspective, all signs point towards a broker in regression and one in a restructuring phase, resulting in an uncompetitive trading environment. XTrade offers nearly 40 different ways to deposit funds, $100 being the minimum amount required. In addition to credit and debit cards and banking wire transfers, they support a host of ewallet and domestic payment provider alternatives. Withdrawals must follow the same deposit route, per law, and withdrawals will be a snap, as long as AML documentation is in order, once again as per international law. 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.

Tracking Your Account Information Through My Xtrade

Leverage is a quite unique opportunity to magnify trading potential using the tool of leverage. 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. It seems that celebrities have decided a good way to support certain causes is to become an official ambassador. Cindy Crawford became the brand ambassador for Omega watches back in 1995, Scarlett Johansson recently signed up to support SodaStream, and even the UN has realized that celebrities can be used to raise awareness.

  • Make use of our extensive video library and get to know more about trading.
  • The company has been presented in the market over 10 years, provides the safe Forex trade and CFD (learn about the opportunities of x trading CFD/Forex here), showing that the financial sphere is the company’s calling.
  • The proprietary trading platform, Xtrade WebTrader, is the only one offered at this broker.

I request that this matter be made public, even if it cannot To get back personal funds, we should also remind everyone not to be cheated by the Xtrade trading platform. Furthermore, Xtrade grants access to a comprehensive range of shares, including stocks of renowned companies from around the world. This allows traders to invest in individual companies and potentially benefit from their performance and dividends.

Are there fake forex brokers?

What is a Scam Forex Broker? 👉 Scam brokers often make claims such as “make $50 a day from a $250 investment” or “make 80% returns on profit signals” or “96% success rate.” These claims are a scam, regardless of whether they are being made for forex, CFDs, or binary options.