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XTrade Review 2023: In-Depth Look at Its Features & Performance

Gain trust and grow your business with customer reviews. I like how convenient and easy to use this broker’s platform is. I don’t have to set up and install any software on my PC in order to trade. Hello
You should never do business with X, they are not trustworthy and they don’t care about you. Very quick to assist you with deposits but whenever you have troubles with payout they are no where to be found.

What is good for a certain trader does not necessarily
mean the same thing to you. You can decide for yourself if
Xtrade is a good broker for you or not by reviewing the criteria. In general,
Xtrade provides trading service in
Forex , Stocks , Indexes and Crypto . As for the payment methods, you can choose between
CashU, Credit/debit cards, giropay, Neteller, paysafecard, QIWI, Skrill, SOFORT, UnionPay, WebMoney, Wire transfer and YooMoney. The customer support is available via
Email, Live chat and Phone.

Performing trades with XTrade

You can trade a wide variety of instruments with XTrade
over 50 instruments in fact. This means XTrade are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) regulatory bodies. The contract value of one Commodity CFD equals the price quoted in the currency of the commodity. For example, if Gold CFDs are trading at $1,200.50, then the value of one ounce of Gold CFD is $1,200.50. – Xtrade Equity CFDs allow trading CFDs worldwide on the most actively traded shares– Apple, Google, Nike, JP Morgan, IBM, etc.

  • Stop Loss orders are guaranteed only during market hours and under normal trading conditions.
  • The stability and performance are impressive – no hiccups!
  • Therefore, it’s essential to research and compares different brokers to determine which best suits your trading needs and budget.
  • Moreover, it is important to note that there are other brokers with longer track records that might be worth considering as alternative options.
  • This broker did not score well during our testing process and is not recommended by our experts.

We use dedicated people and clever technology to safeguard our platform. Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email. Scammers, DO NOT trust these liars with a single penny, point blankly refuse to withdraw your money and call endlessly trying to scam you even more, this is quite simply fraud. I like to keep it simple and professional, just like the broker.

XTrade Pros and Cons

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. However MT4 is not available on the standard account types. It doesn’t require any installation and it can be used by any trader.

Xtrade is a way more,

Said platform is not only available on the desktop, but also in mobile app and tablets. Our editorial team is led by Steven Hatzakis, an industry veteran with decades of experience and a deep understanding of the forex market. Our team conducts thorough testing on a wide range of brokers, platforms, products, technologies, third-party trading tools, and mobile apps. We also test for the availability of high-quality educational content, actionable market research resources, and the accessibility and capabilities of mobile platforms.

What are the funding methods for XTrade?

It’s essential to take the time to learn about the financial markets and understand how they move before diving into trading with XTrade. Familiarizing yourself with the XTrade trading platform is crucial to use it effectively. It’s important to note that XTrade requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps XTrade maintain a trustworthy financial environment for its 10,000 users.

Quick trading platform, well-developed learning center with glossary, articles, news section and other tools, responsive customer support which is ready to help you any time. Perhaps, this company isn’t popular among trader, but, it’s worth trading here, I bet. There are some drawbacks, for example, lack of MetaTrader platform, but you quickly get used to Xtrade platform. XTrade is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to XTrade, money is in a segregated bank account that is separate from XTrade company’s funds.

Every trader gets access to the full range of instruments, web and mobile platforms, plus educational centre. This does mean, however, that less favourable spreads can’t be avoided like they can with many tiered account structures. The Xtrade WebTrader is a browser-based platform that does not require any download or installation.

Xtrade is an online broker that offers forex and CFD trading on various assets, such as stocks, commodities, indices, and cryptocurrencies. Xtrade was founded in 2003 and is regulated by several authorities, including CySEC in Cyprus, ASIC in Australia, and FSCA in South Africa. Xtrade claims to provide a user-friendly and innovative trading platform, as well as a range of educational resources, market analysis, and account options for traders of different levels and needs. However, as with any broker, there are also some potential drawbacks and risks involved in trading with Xtrade, such as fees, customer service, or platform availability. Therefore, it is essential to conduct a comprehensive and objective review of Xtrade before deciding to trade with them. In conclusion, Xtrade is an online broker that offers forex and CFD trading on various instruments, such as indices, commodities, shares, ETFs, and bonds.

Detailed information on the XTrade trading platforms is available on their website. XTrade offers various funding payment methods listed in your XTrade dashboard if available in your region. To learn more about the XTrade funding and withdrawal options available in your area, you can explore the XTrade website. It’s essential to remember that the payment methods provided by XTrade vary based on the XTrade entity and the XTrade client’s country of residence. To view the XTrade payment options available, you can log into your XTrade member’s area.

It is fast and stable and its design is not overwhelming. All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. All fees are charged as spreads, xtrade review which happen to be fixed and range between 2-5 pips. We accessed its website during the weekend, and the spread on EUR/USD was showing 5 pips, which would be pretty high compared to its close competitors. Although, we are sure that it comes down to 2 pips during regular trading hours, which is Sunday from 9 p.m.

All client accounts are also opened under the Investor Compensation Fund (ICF), which covers traders up to €20,000, should the broker be unable to pay out winnings. Many of the additional tools, such as Autochartist signals and economic calendar are also available on the mobile platform and receive good reviews. The application allows one-touch trading with live prices, charting options, analysis tools, notifications and account funding options. The broker was founded in 2003, has 15 offices worldwide, and is registered with over 10 regulatory agencies, including in Cyprus, the Philippines, Malaysia and the UAE. XTrade does not, however, provide services to the UK, Canada and some other countries.

I don’t think I know any other broker who provides bonds for its clients. By the way bonds are not valuable in and of itself, they are great in combination with equities to create a strong, diversified investing portfolio. Andrew has a well-established career in fintech and came up with comparebrokers.co to make
trading on financial markets more transparent and accessible.

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. When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee.

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