The lack of transparency suggests that it remains a sub-standard solution, more than fifteen years behind its prime. As of now I can say that my experience with the broker is positive. On one hand, there’s nothing special here that I could praise.
The broker offers solid amount of cryptocurrencies for trading. There are such cryptos as bitcoin, bitcoin cash, litecoin, dash, ethereum, ripple and many other interesting assets. I joined this broker with the only purpose to trade currencies and indices but over time I looked around and noticed a bunch of worthy things to try.
They consist of a brief market commentary without trading signals. The Belize IFSC is the sole regulator of Xtrade after this broker dropped ASIC and CySEC regulators. By submitting your review you agree to the REVIEWS.io terms & conditions. This is not a definitive list of Xtrade benefits, but if you trade with this broker then you know all about it.
The account is available for desktop and mobile traders and comes with a demo account. The premium account also has access to an online calendar and market reviews with one on one training offered on the platform. Among the other benefits that come with this account is spread reduction and a welcome bonus for new accounts. The trading platform used in this account is MetaTrader4. The education center at Xtrade features video tutorials on how to use the trading platform. Xtrade notes several features in the register and interface video, which it fails to mention elsewhere on the website.
personal experience Service use: LiveLength of use: 0
Xtrade trading platform is purely web-based and is compatible with the majority of browsers. On top of that, Xtrade Forex broker allows all its clients to enjoy trading on the go. By using iOS, Android or Windows mobile devices, the trader can launch a full-fledged Xtrade mobile app.
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There is a detailed glossary with over 90 Forex and CFD trading terms and their definitions. 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. The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader. Leveraged product trading magnifies a trader’s potential profit – but of course, also increases the potential loss.
It makes it suitable for the beginners as it gives them an opportunity to find their way around the trade risk-free. A trader with the standard account also has access to an economic calendar and daily market reviews via video. 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. Xtrade does not support automated or social trading, and provides only limited trading tools to clients.
I opened a demo account at xtrade and got so involved that I stayed here for a long time. I watched a lot of video courses and especially I liked the ones about in-depth technical analysis and trading psychology. Trading hycm broker review platform used for trading can work in demo account mode. It functions immediately after registration of trading accounts and deposits. To switch to demo mode, you need to press special button on platform.
Xtrade Forex broker description
The mobile platform is a customer-friendly and supported by alerts and professional charting tools. Platform offered by Xtrade Broker works perfectly on any device. For example, I trade on my laptop and control my trades using my android smartphone. So I know from my own experience that platform is perfectly compatible with any device. For me it is important to see all parts of broker’s business. Before opening account here I was deeply involved into legal, terms and conditions a of company.
In simple words, I can characterize this broker as perfect for trading at night and during news releases. It’s because it offers fixed spreads and charges no fees. In addition, there is an economic calendar, analysis tools and News feed inbuilt into the platform, daily analysis video and other education support essential for everyday trading. Only spreads are charged when trading on this platform. Forex spreads for major currency pairs are 5 pips for EUR/USD and 1 pip for minor currency pairs. The spread for XAUUSD is 6 pips, for XAGUSD 3.6 pips, and for natural gas 3.4 pips.
This is a very interesting question because Xtrade broker offers a unique bonus system which no other broker offers. In addition, you get $25 in cash for phone number verification, 20% in cash for account verification, and the first trade (up to $500) is compensated at the broker’s expense. So if you’re looking for a broker with a good bonus system, this is the place to go. Since I use quite an aggressive trading method, I take advantage of the flexible leverage that Xtrade provides for the wide variety of assets in the trading platform. Next, the company is regulated and has a license to operate in the financial markets.
It’s always good news to discover there is a demo account, especially for those who are new to Forex trading. It can be great preparations for the world of live trading, giving ample opportunity to test out strategies, understand how a trading platform works, and to get a feel for the broker. There is no need to make a deposit, just a simple registration process to complete and you get given a pot of virtual trading money completely free and gratis. Once you’ve found your way around trading in the virtual world it’ll be time to sign up for a real money account.
WebTrader comes with a variety of features such as one-click trading, take profit and Trailing Stop Loss orders. Xtrade is a CFD and forex broker headquartered in Cyprus. As an experienced broker in the market, Xtrade has been a favourite with some investors and traders on account of its wide range of payment methods. For many others, what is Xtrade and what are its strong points remain a matter of debate. Xtrade withdrawal fees may be nil, but that’s not the only advantage.
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Withdrawals are often slow and can be difficult to cancel. If you’re a beginner, XTrade’s platform is designed for people with little knowledge of the forex industry. There is no set minimum for withdrawals, but traders must verify their identity, credit/debit card and address before making their first withdrawal. Trading leveraged products pubg mobile prime plus such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it. Depending on the account type, Xtrade supports both fixed and variable spreads.
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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. CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument.
Couple of days ago I acquainted with the courses here. Passed 3 or 4 courses and actually already notice the increase in knowledge in trading, quite convenient. I can say that the functionality here is not very complicated – even with my little experience everything was understandable.
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I recently opened a real account with this brokerage company. I can’t say that I found something extraordinary here. Perhaps, the main motivating reason for me was a strong desire to work with a reliable partner or to put that another way to trade with a reliable broker. In my understanding, a reliable broker is a regulated brokerage service first.
When you trade CFD you need to understand the dark sides as well. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. The Account Opening process is straightforward and in line with other brokers.
But the main thing is that it is fixed, so for trading on the news it is a significant advantage. I like the trading platform too, it is very nice and easy to use. Additional costs like non-trading fees, funding fees and inactivity fees are ranked below. 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.
Is Xtrade a legitimate brokerage company?
I advise my friends to use this company because it has very good conditions for beginners. The minimum investment required to be made by traders interested in Xtrade is $100. It may be considered average if a comparison was to be done with other brokers in the market. It also has an excellent and convenient trading 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 best free options trading course and VIP account holders. XTrade provides good trading technology with platform selection and spreads on average-low basis, the account opening is fast and there is selection of Forex and CFD instruments.