Xtrade online cfd trading review

The first step in a review is to always analyze the regulation of the broker regulation.

Actual forex bonuses

Why? It tells us whether it is a secure and reliable broker. Even though being regulated is not a 100% security certificate, it is a clear sign that they take things seriously and that they are not a scam.

Demo available for beginners
Platform compatible with mobile phones (android and ios), tablets and computers

Xtrade review

Is xtrade a good broker? We believe they are just another broker. Although they have been growing in recent years due to the number of underlying assets which one can negotiate with, and the heavy investment they are doing through sponsorships such as those from cristiano ronaldo. Nonetheless, once can find CFD brokers like plus500 that are far more famous and do not charge commissions . They offer a wide range of negotiable assets, including forex, shares from companies listed on stock exchanges around the world, indexes and, of course, raw materials (gold, wheat, silver, oil …). However, if you want to do so at a later time, throughout this review we will analyze the requirements that every CFD broker must have by comparing xtrade with its competitors. In addition, we will analyze the varied opinions from customers (80.5% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you can afford to take the high risk of losing your money).

We believe it is a broker that leaves something to be desired, since their services and customer service are average. Even though the company offers many options, before hiring their services, we have to ensure it is a good broker. To do so, we have to conduct an in depth analysis to study its pros and cons. That is why we will conduct a review to study their commissions, reviews from actual traders, whether it is regulated or not, whether it offers a demo account, and other important information before registering.

Regulation: is xtrade a scam?

The first step in a review is to always analyze the regulation of the broker regulation. Why? It tells us whether it is a secure and reliable broker. Even though being regulated is not a 100% security certificate, it is a clear sign that they take things seriously and that they are not a scam.

XTrade Review, xtrade online cfd trading review.

Xtrade is a cyprus based broker, and is therefore authorized and regulated by the cypriot entity, cysec. Cyprus is one of many countries in the european union and euro zone such as spain, so they comply with all treaties, regulations and communities. In addition, its italian branch is registered in the italian entity, CONSOB, which would be somewhat similar to the UK´s FCA. In addition, since xtrade is a european broker, it complies with the mifid community regulations. Having cristiano ronaldo sponsor xtrade is seen as something very positive in the trading world and for many people, it offers them a great sense of security, but it does not provide us any information as far as reliability. The important thing is the information we encounter in terms of regulation, and based on that we have to determine if it is reliable or not.

In summary, after studying everything regarding supervision, we believe xtrade is a reliable broker. Nevertheless, we don´t like nothing that´s not registered with the FCA of the UK, which generates some distrust. Taking into account that there are other CFD brokers like plus500uk ltd that are registered woth the FCA , we believe it would be interesting to focus our attention on them (80.5% of retail CFD accounts lose money).

Does xtrade pay?

One of the concerns that traders have before investing through a CFD broker is to know whether they will have a problem when withdrawing their money. In this regard, we have to say that after reading comments in forums, xtrade generally speaking, does pay on time even though one may encounter comments about people stating that they had problems withdrawing their money.

Demo account

If you are still new to trading and don´t want to start directly with real money or you want to test using the simulator to see how cfds work. In doing so, you will be able to see how the markets reacts, be it forex with the movement in currencies, or the stock exchange with the quotation of companies, as news emerge affecting the company.

Demos are very useful tools for beginners because they offer you the option of carrying out as many operations as you want and verify in first person the functioning of the financial markets around the world, as well as to negotiate with all available assets, be it stocks, currencies, raw materials or stock indexes. Thanks to this, if you are a beginner, or if you already trade with cfds, but want to try new strategies, you can use the demo to avoid taking risks.

If you want to use different trading strategies with cfds without risking your capital, you can do invest through the demo account. The truth is that xtrade´s demo lacks many important options and has significant limitations. If you want to try plus500´s demo click on the link below, and then click on “free demo account” (80.5% of retail CFD accounts lose money).

Commissions

If regulation is most important, the second most important thing are commissions and fees. In trading with cfds, the best brokers do not charge any commission for each operation, but instead use spreads. The operation of these spreads is as follows: each time we buy or sell a CFD on a certain underlying (for example, oil, or shares of telefónica or facebook) the price of opening and closing a position is different. This differential is called the spread, and it is the existing cost to be negotiated. Therefore, we have to look for a broker whose spreads are as low as possible.

For xtrade´s basic account, which requires a minimum initial deposit of only 100 euros / dollars, the spread is fixed and ranges from 4 to 6 pips. If you prefer to register with the premium account, which is of a higher level, the conditions are better, since pips range from 2 to 5.

As mentioned earlier, there are many assets available to invest, so one cannot see each and every one of the spreads, because it would be a very boring review. By simply knowing that the euro / dollar currency pair is the most important, and as we see with plus500, the minimum spread is variable. If you want to learn more about the spreads offered by plus500, click here (80.5% of retail CFD accounts lose money).

Terms

As we have already seen, there are no commissions, but you have to know that if you do not trade for three full months, they can charge you a $ 5 inactivity fee. The normal thing is to not be charged because practically nobody opens a real account to leave it abandoned. Therefore, although there are some associated costs, we can say that hiring the services from xtrade is free.

On the other hand, one of the most interesting aspects of trading with cfds is its leverage. Xtrade stands out from the rest of the brokers, since it offers a maximum leverage of 1:30. If compared with others brokers like plus500, and even with one of the famous brokers like markets.Com, we will discover that xtrade allows a similar leverage. So, you have the option to invest with a quantity of money of the same level as with the competing brokers of xtrade. Of course, you have to know that by operating with leverage you can lose more money than what you have entered.

Another very important issue is the platform, since that´s where you will spend most time and the tool you will use to invest. Xtrade developed their own platform, so it is proprietary technology. Obviously, it offers high-level tools and all the signals you need to invest successfully. However, the signals do not make trading any easy and making money is not a sure thing. You are the one who has to operate and create your own strategy by always taking into account the risks of operating in the financial markets.

Reviews

All factors and conditions we have seen so far are very great but, what do customers who already invest with xtrade think? Comments in forums and opinions from traders are mixed, some point out great things while others recommend certain improvements.

One of the aspects that has had great opinions is the platform itself, which is very easy to use and does not require any type of download. Xtrade has many great reviews due to their free courses. The official website, which is fully available in english and other languages has also received positive comments.

Unfavorable comments are associated with the lack of using paypal to make deposits, although they have plenty of other alternatives, such as neteller, paysafe card, or traditional methods such bank transfer or credit and debit card. There is also one comment pointing out that they miss not being able to operate with the metatrader platform. Finally, one can also find opinions of distrust for not being registered under the FCA.

Rating and additional information

To end this review we want to create a list showing the positive aspects of xtrade, and factors we believe should improve, but let’s be honest, no broker is perfect.

Demo available for beginners

Platform compatible with mobile phones (android and ios), tablets and computers

No metatrader 4

Does not allow to withdraw or deposit money with paypal

Not registered with the FCA

Spreads are higher than its competitors

Can be greatly improvable in cfds over cryptocurrencies, ripple, bitcoin, bitcoin gold, bitcoin cash or litecoin

Having rated the different conditions offered by this broker, our assessment is that it is a mid-level company. Our opinion about xtrade is relatively good, but we miss not seeing it registered in UK´s FCA and we don´t like their high spreads.

We believe plus500 is an option which should be consider for trading with cfds. Click here if you want to learn more about plus500 and trade without having to pay commissions (80.5% of retail CFD accounts lose money).

XTRADE IS A BIG SCAM . PLEASE STAY AWAY

Sanoj1981

Recruit

My name is sanoj sukumaran. One day i got a call from a trading company called xtrade.Com and they told me about the financial markets and the trading platform. They told me that xtrade is the most trusted trading platform in the world and football player cristiano ronaldo is their brand ambassador. I made an investment of USD 1000 to start with the trading account and then i made another investment of USD4000. I lost all the complete deposit with the help of their trading advisor mr sanjay kumar. After that he stopped responding to my calls and emails. I know my loss was big , but i was looking for an alternate option to recover my loss. After that another agent called me from xtrade scam ( I would like to call it like that ) and he connected me to another account manager ******* mr zahid khan. He asked to make a small deposit to start recovering my previous loss and he claimed himself as the champion of xtrade . He made me deposit around 24K USD in total to maintain the marging and one fine day i could see that i lost all my money in the position he forced me to open. It took me some time to realize that its a fraud company. After losing all my money, my account manager ******* stopped responding to my calls , skype messages and emails and my account and my account got blocked for some reason which i don't know. I have attached the proof of my deposit and the screenshot showing the status of my account

Please pass this message to everyone and post it in all social networking sites such as facebook, instagram, twitter etc to help people from losing their money in such fraud company. I am a bankrupt now and i lost my life and career.

Attachments

Danielleung

Recruit

Jackcharts

Highly suspicious person

****************************************************************************************************************************************************************************
hi sanjay,
I have been trading with several platforms for the past 2years I have been trading with xtrade.Com. First am sorry for your experience as someone who experienced losses of nearly $80 k. Just like me and am sure many others who have lost some money. We are quick to run as call everything a scam without considering some the things we did or did not do to protect our investment. I just wanted to disagree with you politely that I don't think xtrade.Com is a scam. They refunded my money when I asked for it sure it took 2 weeks I thought then that they were trying to steal my money but I did not have one document which they need for something called anti-theft or something like that.

So, in a nutshell, there are different account managers it is our duty as traders to know which is which and not to risk capital just because someone says so. If you are not sure to ask for a second opinion do your research. They may have different leverage or prices due to the types of contract but it is not a scam. # am not a troll either. So to all do your homework there isn't a broker without a bad review out there some a grievous RED LIGHT reviews and most are from sour treader venting.

If you know or learn what to do you may limit your losses and make a nice profit.

Xtrade review and tutorial 2021

Go to the brokers list for alternatives

Xtrade is an online FX & CFD broker offering its own bespoke desktop and mobile platform.

Trade on over 50 major, minor, and exotic currency pairs.

Xtrade is a cysec-regulated forex and CFD broker. To help you decide whether to open an online trading account, this review explores the broker’s platform, mobile app, minimum deposit, payment methods, and more.

Xtrade company overview

The CFD investment broker is owned by xtrade group limited and is headquartered in limassol, cyprus. The company has several daughter brands, including xtrade europe ltd. And xtrade international ltd that service clients from dubai to uruguay.

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.

Xtrade webtrader platform

The proprietary web-based platform requires no download or installation. Even from the login page the design is intuitive for newcomers while the effective trading tools have helped the platform pick up multiple awards. It’s accessible in 11 languages and offers 12 technical indicators, 4 chart styles, 9 time periods, and 17 analysis tools. There is also an integrated economic calendar, news thread and a signals service.

Xtrade platform

Note, the popular MT4 trading platform download is not available.

Assets & markets

More than 200 online FX and CFD instruments are available, including:

56 forex pairs – 19 majors, 9 minors, & 28 exotics

Commodities – precious metals & energies

Stock indices – eight global stock indexes

Shares – close to 200 company shares

Xtrade also offers a handful of etfs.

Spreads & commissions

Xtrade uses a fee structure with zero commissions, only taking money from spreads. 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.

Some user complaints highlight the $50 inactivity fee charged to accounts dormant for more than three months. Overnight premiums, or swaps, are also charged for positions that are held open after 22:00 GMT.

Leverage

Leverage rates vary up to a maximum of 1:400. The leverage levels for indices range from 1:20 to 1:200, commodities up to 1:10, forex pairs can be leveraged between 1:50 and 1:400 and stocks up to 1:5. Retail traders in EU-regulated markets, such as germany, are capped at a leverage of 1:30, as per ESMA regulations.

Mobile apps

The xtrade platform has also been developed for mobile use with ios and android smartphones and tablets.

Called ‘xtrade online trading’, the mobile app is easily installed, with a responsive user interface and much of the capability provided by the web-based platform.

The application allows one-touch trading with live prices, charting options, analysis tools, notifications and account funding options.

Many of the additional tools, such as autochartist signals and economic calendar are also available on the mobile platform and receive good reviews.

Xtrade mobile app

Payment methods

Xtrade offers a wide range of payment methods that vary for clients from different countries. All clients are offered visa and mastercard payment card options as well as bank wire transfers.

There is a maximum deposit limit of $15,000 for payment cards, though there is no limit on wire transfers. Traders can use tens of domestic e-wallets and payment providers, including unionpay and neteller, each with their own maximum deposits.

There is a minimum deposit of $250, though this may be reduced during promotional events.

Withdrawals must be made using the same method as the deposit. However, if a deposit was made using an e-wallet, then withdrawals can be processed via bank transfer, skrill or neteller.

Xtrade can take up to five days to process a withdrawal, though it may take longer to reach the target account as some payment providers take extra time to process. There are no deposit or withdrawal fees charged on the part of the broker.

Demo account

There is a fully equipped online demo account available to current and prospective clients, allowing traders to get a feel for forex and CFD trading on the platform. The account uses simulated money and once passed the login page, you can open and close positions at real prices in real markets, meaning there is no risk to capital.

Deals & promotions

At the time of writing there are no welcome or deposit bonuses on offer. However, they do run periodic promotional campaigns and have been known to drop minimum deposits, offer deposit bonuses and even team up with international football star cristiano ronaldo.

Note, always check bonus terms and conditions before you begin account registration.

Regulatory status

Xtrade is a licensed forex broker authorised and regulated by the cyprus securities and exchange commission (cysec) in europe, and several other agencies for its international services.

Xtrade international ltd also complies with the international financial services commission’s regulations for worldwide trading.

Clients’ funds are kept segregated from the company’s, meaning that the company’s and clients’ assets are clearly distinguished, providing monetary security to traders.

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.

Additional features

As well as their award-winning trading platform, xtrade offers several extra features to its clients. There is a fully populated economic calendar and news stream that can be accessed via the website or through the platform.

There are also daily market analysis videos uploaded both to their website and youtube channel plus calculator tools available for pivot, fibonacci and deal size calculations.

The xtrade website also comes with an education centre that has a range of tools geared towards novices and those with years of experience. The centre covers the basics of the platform and charting to complex trading strategies and market analysis through tutorials, online courses, e-books, pdfs, and a blog. There is also an expansive glossary to help traders cut through any unfamiliar jargon.

Account types

Xtrade does not differentiate between traders, offering a single account type for all real money trading. 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.

Benefits

Clients are provided with a range of competitive features:

Award-winning trading platform

Global licensing and regulation

Daily market analysis videos

Range of payment options

Autochartist signals

No commissions

Drawbacks

There are, however, some areas where the broker could improve:

No cryptocurrency & bitcoin trading

No automated investing capability

No islamic account option

No social trading

No metatrader

Wide spreads

Trading hours

The market trading hours for the instruments supported by xtrade are 21:00 GMT sunday to 21:00 GMT friday during daylight saving and 22:00 GMT sunday to 22:00 GMT friday during winter months. Some instruments may have more limited trading hours, the details of which can be found in the website’s CFD information list.

Customer support

The customer support team can be contacted 24 hours a day, 5 days a week via several methods. There is a telephone line that opens at 22:00 GMT on sunday and closes 22:00 GMT on friday. There is also email support and the broker has a large social media presence.

For general enquiries and support, xtrade may be contacted using a live chat function in the lower right corner of their website. The website supports 35 languages and live chat representatives are available in six different languages. The customer support team can be contacted via:

Email address – support@xtrade.Com

Telephone contact number – +44 2038074001

The support team can help with a range of queries, from how to delete an account, utilise the platform, or navigate account verification.

To follow the broker on social media:

The company’s head office address in cyprus plus its locations in melbourne, australia, amongst others, can be found on the broker’s website.

Trader security

Xtrade provides a high level of cybersecurity, with 256-bit standard secure sockets layer (SSL) encryptions, provided by comodo, on all transactions and website traffic.

The broker has several identity theft and credit card safeguards in place, all of which undergo regular reviews. The website also uses true-site identity assurance and complies with AICPA webtrust assurance standards.

Xtrade verdict

Xtrade is an award-winning provider and a strong competitor versus brokers such as etoro and plus500. Its free signals and well-equipped education centre make it a sensible choice for clients new to trading forex and cfds, in particular.

The ten+ years of industry experience is also a good indicator that they’re safe to trade with.

Accepted countries

Xtrade accepts traders from australia, thailand, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.

Traders can not use xtrade from united states, canada, united kingdom.

Is xtrade a legitimate brokerage company?

Xtrade europe ltd. Is licensed and regulated by the cyprus securities and exchange commission (cysec) for services in europe. Xtrade international ltd. Is licensed and regulated by the international financial services commission in belize. We’re comfortable the broker is not a scam.

What is the minimum deposit for an xtrade account?

The minimum deposit required to open an account is $250 while the minimum position size is 0.01 lots.

Is there an xtrade demo account?

Yes, xtrade offers a demo account with all the capabilities and options available with a real money account.

Does xtrade offer a MT4 download?

No, xtrade only offers its own proprietary trading platform designed for browser-based trading. The platform has also been made into a mobile app for ios and android smartphones and tablets.

Can I open an xtrade account in canada or the USA?

No, xtrade does not provide its services to traders in the USA, canada or other countries where its services conflict with local laws. However, xtrade can be used in many countries worldwide, including india, the UAE, australia and uruguay.

CFD trader review

In this review, we will describe why CFD trader is a scam that you should avoid at all cost !

Is CFD trader legit ?

We have received a lots of complains regarding this scam software. This is why we are making a review about CFD trader. After having tested and evaluated the different characteristics of CFD trader, we can confirm that CFD trader is a scam auto trading robot. During our test, we deposited $250 and within a few hours, we lost it all. We saw similar results when testing scams platforms like bitcoin treasure and bitcoin rejoin.

What is CFD trader ?

CFD trader is an automatic trading robot. This trading robot is using scam brokers and tricks to make people deposits and steal their hard earned money.

The way that CFD trader works is that the algorithm it is based on is rigged. The software will make the traders win the first few trades and then once the trader is feeling comfortable and positive, the software will loose all their money ! The trades are placed automatically and are not accurate at all.

How does CFD trader scam works?

As we said earlier, CFD trader algorithms are rigged. The software is completely automatized, meaning that the future is already written. They will make you win the first few trades to win your confidence, then they will harass you to make you deposit more money, and then all your money will be lost within the next few trades.

CFD trader promises you big profits. Do you really think that there is an automated software that will make such profits ? If that was the case we would all be millionaires. Please be aware that if it sounds too good to be true, it probably isn’t.

High success rate – transparency & integrity –

Fill out the form below and get a FREE consultation today. (if you lost $5,000 or more, please use the chat).

Who founded CFD trader ?

The founder of CFD trader is a group of anonymous scammers which you will probably never be able to find their real identities.

CFD trader review: our conclusion!

CFD trader is a fraudulent software scam to avoid at all cost. If you have been scammed and want your money back, check out our chargeback process here or get a free consultation by a team of expert by clicking here.

Xtrade review

Xtrade is an established CFD broker that is owned and operated by xtrade au pty ltd.

They are officially located at: 1 queens road, saint kilda road towers, melbourne, victoria 3004 australia. Their main phone number in australia is: +61390881303, and in cyprus: +35725030742, and investor support email address is: [email protected] . Official website: https://www.Xtrade.Com.Au/.

For complaints and withdrawal problems, read this.

Xtrade review

Xtrade is a leading CFD broker, and they provide a wide range of assets for investors to trade. They are offering CFD trading facilities on indices, commodities, forex and shares. Traders and investors can take advantage of the user friendly, web based trading platform. When placing orders, you have the ability to set a few other variables to capture profits and limit losses. They include the “close at profit”, “close at loss” and “buy when rate is” features.

Traditional investors will find the industry standard metatrader4 platform. Additionally, they offer a great mobile app for ios, android, and windows, for easy trading on both your tablet and smartphone, see here.

Four account types are offered by this broker, and the minimum deposit for a standard trading account is $250. Multiple methods for funding your trading account are available including: credit card, bank transfer and alternative payment methods.

Official xtrade broker review 2019

Is xtrade a legit broker?

When reviewing and comparing CFD and forex brokers it is important to check that they are actually licensed to operate. The reason to trade with a licensed broker is that in the event that the broker becomes insolvent, your money is protected.

Xtrade australia is licensed and regulated by ASIC and located at: 39-41 chandos street level 1, st leonards, NSW 2065, australia. Their ASIC ACN is 140899476 and license number is 343628.

Xtrade europe ltd, operates the website offersfx.Eu and they are licensed by cysec number 108/10. They are also registered in south africa with FSCA license # 46600.

Xtrade international ltd is located in belize, and regulated by the international financial services commission (IFSC/60/383/TS/19).

There are many forex brokers to compare and choose from online. Most traders choose to invest and trade at licensed and regulated broker instead of a scam broker.

Compare forex brokers

Most investors have multiple trading accounts at the best forex brokers.

Xtrade review and tutorial 2021

Go to the brokers list for alternatives

Xtrade is an online FX & CFD broker offering its own bespoke desktop and mobile platform.

Trade on over 50 major, minor, and exotic currency pairs.

Xtrade company overview

Xtrade webtrader platform

Xtrade platform

Note, the popular MT4 trading platform download is not available.

Assets & markets

More than 200 online FX and CFD instruments are available, including:

56 forex pairs – 19 majors, 9 minors, & 28 exotics

Commodities – precious metals & energies

Stock indices – eight global stock indexes

Shares – close to 200 company shares

Xtrade also offers a handful of etfs.

Spreads & commissions

Leverage

Mobile apps

The xtrade platform has also been developed for mobile use with ios and android smartphones and tablets.

Called ‘xtrade online trading’, the mobile app is easily installed, with a responsive user interface and much of the capability provided by the web-based platform.

The application allows one-touch trading with live prices, charting options, analysis tools, notifications and account funding options.

Many of the additional tools, such as autochartist signals and economic calendar are also available on the mobile platform and receive good reviews.

Xtrade mobile app

Payment methods

Xtrade offers a wide range of payment methods that vary for clients from different countries. All clients are offered visa and mastercard payment card options as well as bank wire transfers.

There is a minimum deposit of $250, though this may be reduced during promotional events.

Withdrawals must be made using the same method as the deposit. However, if a deposit was made using an e-wallet, then withdrawals can be processed via bank transfer, skrill or neteller.

Demo account

Deals & promotions

Note, always check bonus terms and conditions before you begin account registration.

Regulatory status

Xtrade is a licensed forex broker authorised and regulated by the cyprus securities and exchange commission (cysec) in europe, and several other agencies for its international services.

Xtrade international ltd also complies with the international financial services commission’s regulations for worldwide trading.

Clients’ funds are kept segregated from the company’s, meaning that the company’s and clients’ assets are clearly distinguished, providing monetary security to traders.

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.

Additional features

There are also daily market analysis videos uploaded both to their website and youtube channel plus calculator tools available for pivot, fibonacci and deal size calculations.

Account types

Benefits

Clients are provided with a range of competitive features:

Award-winning trading platform

Global licensing and regulation

Daily market analysis videos

Range of payment options

Autochartist signals

No commissions

Drawbacks

There are, however, some areas where the broker could improve:

No cryptocurrency & bitcoin trading

No automated investing capability

No islamic account option

No social trading

No metatrader

Wide spreads

Trading hours

Customer support

Email address – support@xtrade.Com

Telephone contact number – +44 2038074001

The support team can help with a range of queries, from how to delete an account, utilise the platform, or navigate account verification.

To follow the broker on social media:

The company’s head office address in cyprus plus its locations in melbourne, australia, amongst others, can be found on the broker’s website.

Trader security

Xtrade provides a high level of cybersecurity, with 256-bit standard secure sockets layer (SSL) encryptions, provided by comodo, on all transactions and website traffic.

Xtrade verdict

The ten+ years of industry experience is also a good indicator that they’re safe to trade with.

Accepted countries

Traders can not use xtrade from united states, canada, united kingdom.

Is xtrade a legitimate brokerage company?

What is the minimum deposit for an xtrade account?

The minimum deposit required to open an account is $250 while the minimum position size is 0.01 lots.

Is there an xtrade demo account?

Yes, xtrade offers a demo account with all the capabilities and options available with a real money account.

Does xtrade offer a MT4 download?

No, xtrade only offers its own proprietary trading platform designed for browser-based trading. The platform has also been made into a mobile app for ios and android smartphones and tablets.

Can I open an xtrade account in canada or the USA?

XTRADE

XTRADE review

Very competitive spreads and low commissions if any

Excellent trading platform for both desktop and mobile devices

Great customer service

Good training and educational materials

Xtrade is a professional online CFD trading brokerage with nearly 10 years of experience in the online trading industry. The online brokerage strives for excellence and has won numerous awards for their competent services in offering the trading of cfds on shares, commodities, forex, and indices. Xtrade was founded in 2010 and is owned and operated by xtradeeurope ltd. The brokerages headquarters are located at cork street, no. 5, belize city, belize and is regulated by the cyprus securities and exchange commission (cysec). Also, the xtrade brokerage is regulated by the international financial services commission (IFSC) under license number (60/383/TS/17). Apart from regulation, xtrade is a competent provider of CFD trading in the global markets and accepts traders from all over the world, excluding some countries such as the U.S. And canada. As well, since xtrade is an international CFD trading brokerage they offer their services in 37 different languages. While this broker seems to be a great option for trading cfds, how do you know for sure? In the following review we’ll delve deep into the aspects that make up this online trading brokerage and see what sets xtrade apart from the competition and whether or not they can be trusted.

Trading platform

Since xtrade is a CFD trading brokerage, the software needed to accommodate the needs of this trading is quite sophisticated and different from many of the standard universal trading platforms available. Therefore, xtrade developed their very own proprietary trading platform known as the xtrade webtrader. This platform is entirely web-based, meaning there is no need to download and install any applications and it can be accessed from different desktop computers. The platform features an array of rich features and trading tools for an optimized trading experience in real-time. Traders can access the best market analysis tools and quickly execute trades and orders directly from the charts.The whole interface is very well designed and easy to use while at the same time packing loads of advanced tools and features. The platform is perfectly suitable for both beginner and advanced traders. Also, for busy traders on the go, the platform is available for download on mobile devices for both apple and android. Now, traders can manage their portfolio and make important decisions while they’re away from the computer.

Exchange markets

Xtrade provides their clients with an extensive array of CFD instruments to trade across numerous lucrative markets such as forex, shares, commodities, indices, cryptocurrencies, bonds, and etfs. See some basic details of what’s included in these markets on xtrade below.

Indices

Commodities

Forex trading

53 total currency pairs

18 major currency pairs

12 minor currency pairs

23 exotic currency pairs

Cryptocurrencies

Bonds

Gilt long government

US 5Y T-note

US 10Y T-note

US 30Y T-note

10Y euro bund

Fees and commission

Xtrade is very transparent with all the fees associated with trading cfds on the various investment products they offer. Each asset is assessed differently and xtrade publicly shows the associated spreads and/or commissions for each asset on their website. The way xtrade makes money/imposes fees is through the bid/ask spreads and margin calls.The spreads are fixed for each asset rather than varied/floating spreads. To give an example, the EUR/USD currency pair comes with a spread of 2 pips which is around the industry standard.As for trading on margin, it comes with a great deal of risk and can work for you or against you in great amounts. Other fees traders may incur are a premium buy/sell charge which differs for each CFD. Also, traders can incur account inactivity fees of $10/month if the account is inactive for 3 months or longer.

Security and fairness

Xtrade is a very safe and secure online trading brokerage as they are regulated by multiple regulatory authorities and have an excellent reputation in the investment services industry. As well, client’s funds are held securely in segregated accounts, clients are protected from an investor compensation fund, and clients are protected by xtrade’s financial services. Additionally, xtrade continuously monitors its operations and submits financial reports periodically. As well, all transactions are encrypted with 256-bit SSL bank standard secure socket layer security measures. Xtrade has never experienced any substantial hacks and continues to securely serve their customers in all cases.

Support

Another area where xtrade excels in is their level of customer support. Customer service representatives are available 24 hours a day, 5 days a week and can be reached via email, live chat, or telephone. The support is also multilingual and available in 6 different languages, while the website is available in 37 languages. Additional methods of support include dedicated account managers which are available for customers who deposit a certain amount of money into their trading account. Also, traders can receive support from the websites extensive FAQ page and informative education center. All throughout the site, traders will find very useful and helpful information, as well as answers to their questions.

Conclusion

Xtrade is one of the leading CFD trading brokerages and has years of experience under their belt. The sheer amount of tradeable assets offered by xtrade is outstanding. Traders have access to nearly every type of tradeable asset they would ever want. Also, the spreads and commissions are very competitive and unique to each asset class in a very transparent manner. More positive aspects of this exchange are the sophisticated trading platforms available and level of customer care. Xtrade is definitely an online CFD trading brokerage worth considering if they accept traders from your country.

Xtrade Q&A

The following are the common questions that customers inquired about xtrade.

Is xtrade regulated?

Yes, it is regulated by the international financial services commission (IFSC) and the cyprus securities and exchange commission (cysec)

Is xtrade a scam?

No, xtradeis a legit broker with an excellent reoutation.

Where is xtrade based?

Xtrade is based at cork street, no. 5, belize city, belize.

Xtrade review - is it scam or safe?

RECOMMENDED FOREX BROKERS

Trading accounts

Account type	minimum deposit	minimum trade size	maximum leverage	spreads	trading platform
standard	$100	0.01	1:400	fixed, 2 pips on EUR/USD	xtrader pro

Xtrade offers its clients a single universal account type with fixed spreads and leverage of up to 1:400 on its proprietary web-based platform xtrader pro.

At present, the broker does not offer the most popular metatrader 4 (MT4) platform. Account management services are not available either.

Meanwhile, xtrade offers exceptional training options via its education center and xtrade academy, where you may find tutorial videos, e-books and other resources suitable for both beginner and professional traders.

The company

Xtrade offers trading in forex, commodities, indices, shares and cfds on its in-house platform. The brokerage’s head office is located in cyprus.

Xtrade is a brand operated by xtrade.Europe ltd., which is authorised and regulated by the by the cyprus securities and exchange commission (cysec).

Xtrade group complies with international regulatory standards and also operates via units regulated in australia (by ASIC), belize (by IFSC) and south africa (by FSB). What is more, in july the broker joined russia’s self-regulatory organization NAFD (former CRFIN) and said it will apply for a russian license.

In addition, xtrade is one of the forex brokers that advertise through sport, namely has a contract with the famous footballer cristiano ronaldo.

Security of funds

Cysec applies certain rules and requirements to cyprus investment firms. For instance, they must maintain net tangible assets amounting to at least €730,000 in order to prove their good financial standing. Furthermore, the cypriot watchdog requires forex brokers to keep customer funds in segregated accounts, separated from the company’s operating funds.

As a further guarantee to clients’ funds, all cysec-regulated companies are members of the investor compensation fund, which is able to pay compensation up to 20,000 EUR, if the company becomes insolvent or discontinues operations.

Additionally, every cysec-regulated investment company is also mifid compliant and therefore entitled to offer cross-border services within the EU under the mifid regulations. Despite this, it is registered with the italian financial regulator, CONSOB.

Earlier this year xtrade got in the trouble with the ASIC over suspicions of improper handling of client money. What is more, earlier in october angry xtrade customers commenced media campaign and strike in limassol (cyprus), alleging manipulation and theft of funds (according to online media financefeeds). A number of forex forums are also flooded with complains about this broker and allegations that it is a scam. In light of the above said, there may be concerns about xtrade’s reliability.

Trading conditions

Minimum initial deposit
in order to open an account with xtrade, traders have to invest a minimum of $100. Such minimum initial amount is average, yet some renown cyprus-based brokers require less. For instance, XM demands just $5 from its clients as a start.

Spreads & commissions
as most fixed-spread brokers, xtrade provides commission-free trading. The spread for the EUR/USD pair amounts to 2 pips, which is average for the forex market.

For purposes of comparison, another EU broker (holding a FCA license), HYCM, provides fixed spreads of 1.5 pips on EUR/USD and also charges no commission. For more information, you may look up real-time spreads of 15 leading brokers here.

Leverage
the maximum leverage level offered by xtrade is 1:400, which is common for the FX market, yet it is considered a high ratio, because the higher the leverage, the greater the risk.

Nonetheless, many cyprus-based brokers offer even higher leverage rates - for example, XM provides leverage up to 1:888. And HYCM – up to 1:500. You may check out a list of brokers, providing leverage equal to or exceeding 1:500 here.

Trading platform

If you are looking for the standard forex market trading platform metatrader4 (MT4), you will not find it with this broker. Xtrade offers its clients solely its proprietary platform xtrader pro, which is entirely web-based. Mobile versions are also available.
Xtrader pro has a simple user-friendly interface and is equipped with the common trading tools and features, such as charts, technical analysis indicators, etc.

Xtrade's in-house web platform xtrader pro. Click to enlarge.

When placing orders, users are able to set a few other variables to capture profits and limit losses. They include the “close at profit”, “close at loss” and “buy when rate is” features.

Promotions
this broker offers a lot of bonuses and other attractive promotions. At the time of writing of this review, xtrade supports a welcome package of 4 types of bonuses for newcomers:

• first deposit bonus from 20% to over 60% (up to $6000), which expires after 30 days and can be withdrawn after certain volumes are traded;

• $20 cash bonus, which can be acquired following phone verification.To redeem it, you are required to reach 300 xpoints within 30 days;

• first trade on us (up to $120 cash bonus);

• $30 cash bonus, account verification account verification. To redeem it, you are required to reach 300 xpoints within 30 days.

Methods of payment

As opposed to the narrow range options it offers in terms of trading accounts and platforms, xtrade supports a number of payment methods: credit/debit cards, bank wire transfer, paypal, alipay, abaqoos, dineromail, boleto, cashu ekonto, epay bg, EPS, euteller, giropay, halcash, ideal, lobanet, mister cash, moneta RU, multibanco, neosurf, neteller, poli, QIWI, przelewy24, skrill, sofort, sporopay, teleingreso, ticketsurf, todito cash, webmoney and yandexmoney.

Xtrade does not charge any fees for deposits and according to the information on its website, withdrawal requests take up to five business days to process. Delays beyond the company’s control might occur due to third party withdrawal payment methods.

Conclusion

Xtrade is a well-regulated FX and CFD broker that offers trading in a variety of instruments on its in-house web platform. However, xtrade services are quite limited in terms of trading accounts and platforms and some concerns are raised with regards to this broker being a scam. To sum up the above, here are the advantages and drawbacks with regards to this broker:

XTRADE IS A BIG SCAM . PLEASE STAY AWAY

Sanoj1981

Recruit

Attachments

Danielleung

Recruit

Jackcharts

Highly suspicious person

If you know or learn what to do you may limit your losses and make a nice profit.

So, let's see, what we have: is xtrade a good broker? We believe they are just another broker. Although they have been growing in recent years due to the number of underlying assets which at xtrade online cfd trading review