Is xtrade com a scam?

Of course, leverage products such as CFD and Forex trading are always risky, as there is an equal probability for huge gains and massive losses due to the market volatility. All in all, there is a lot to offer all kinds of traders. It has a great reputation, an interesting and generous bonus system, great trading software and mobile apps, as well as a wide variety of assets and trading instruments. Xtrade is definitely a broker we would recommend trying, so why not start by signing up for a demo account so you can decide for yourself. Xtrade was first established in 2003 and is owned by XFR Financial Ltd, a company licensed and authorized to operate by CySEC, to offer Contracts for Difference.

It took him one hour to figure out how it all worked. Trading is powered solely by XTrade proprietary trading platform accessible from the web and mobile devices. First deposit bonus – Up to $6,000 will be given as a bonus when you make your first deposit. It is, however, only added to your trading account when you have accumulated the required number of trading points, and if this condition is not met within 30 days the bonus will expire.

The customer support can be reached via live chat, phone, email or phone. Risk Warning – Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you are fully aware of the risks involved and the high probability of losing your money.

It also offers trading services on shares, commodities, indices and foreign currencies. It has offices across five continents and clients from more than 140 countries. 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. 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.

Ratings On Other Platforms

You need to begin by signing up on the Xtrade website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC checks but Xtrade are normally pretty quick with this. If you sign up to get a demonstration account on Xtrade, you will set out with a decent amount of virtual money. It’s to establish a feeling of safety and confidence in you until you choose to spend your own money. We have tested communication via Xtrade support in multiple languages and in various countries.

The company has several daughter brands, including XTrade Europe Ltd. and XTrade International Ltd which service clients from Dubai to Uruguay. Trading in FX and CFDs involves risks of loss due to the leveraged nature of the trading. The information contained in the Xtrade website and disclosure documents is of a general nature only and does not consider your personal circumstances, financial situation, or needs. When I first came to their site, I found nothing special and was about to leave, but then I noticed an article about government bonds. It interested me and I decided to sign up solely to trade government bonds. I trade currencies with other brokers, but bonds are new for me.

For me Metatrader is much better, but it’s just a matter of adaptation. Xtrade Education ranked with an overall rating of 8.9 out of 10based on our research. The broker provides very good quality educational materials, and excellent research also cooperates with market-leading providers of data. The platform does not require installation and offers a rich set of trading tools for optimal trading, as well enriched with market analysis and fast execution of orders.

The platform is great

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. It’s good when you can save your time, especially when you are out of it. I’m a very busy person and have to devote much time to my job and I often have to make business trips to other cities.

Withdrawals are processed using the same method used for any deposit made. The minimum withdrawal is 150EUR, but this can vary depending on country. Funds can be deposited in USD, EUR, GBP, CAD, AUD, and a few other currencies. Before making a withdrawal a trader has to have their identity verified, and there is no minimum amount. XTrade makes no charge or fee on either withdrawals or deposits, but there may be a charge for overnight trades, and if an account has become inactive. My Xtrade is an online dashboard designed for clients that offer all the vital information related to Xtrade Forex trading.

Broker has a good conditions and a nice software to work. I like the daily financial news videos in particular. They in short give me the summary of all the important events and news to follow. Well, it has some specific features that I couldn’t accept from the very beginning. I don’t use those features cuz I don’t need it, but I make the most of the broker’s basic functionality.

Is Xtrade safe?

77% bonuses on all deposits made in the first 7 days – Sign up and become a Xtrade customer and Ronaldo will give you a whopping 77% bonus on every deposit you make within your first seven days. XTrade has a set of proprietary platforms designed to work with any gadget. I can install the software on my desktop computer to get the full version and all of the features, I can log in using a smartphone or a tablet. This points out the attitude of a broker that is focused to tailor a trader’s needs.

I declare that the provided information is true, correct, complete and submitted voluntarily. I undertake the obligation to inform immediately Xtrade in writing in case of any change to that information and to provide any other data or documents, if necessary. Open an account or log in to receive full access to the news section.

Alternatives To Xtrade

They will make promises of good profit and confident that they will return your xtrade review in no time. They will earn your trust by winning some trade and the withdrawal is fast. After you put enough money in your account, they will give you signal to trade that will drain your account. I remind her of my loss and she said to just “hold” until I lost a lot. Withdrawals and deposits must be done via the same payment method and the broker does not accept third-party withdrawals.

You can invest in long term bonds if trading short term is something out of your competence. Through one Xtrade single account, you are able to trade across multiple devices that make no difference between the traders. In the beginning, the trader can always try out the risk-free environment through Demo-account opening. Our Ranked Xtrade Trust Score is 8.7 out 0f 10 for good reputation and service over the years, also the broker’s top-tier regulation is backed up with a compensation scheme.

What about customer service?

Xtrade Funding Methods we ranked good with an overall rating of 8.5 out of 10. 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. We findXTrade is a trusted broker with CySEC regulations.

Commissions can be fixed or determined by the traded volume. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight rates are people who are billed when you maintain a leveraged position for more than daily. If you feel that Xtrade is not right for you then at the bottom of this Xtrade review you will find a lot of alternatives to Xtrade. The friendly staff will assist with any issues you might have encountered.

No download is required, and it allows easy access to the best market analyses available and speedily executes trades and orders. The cost of trading depends on different factors like commissions, spreads, and margins. Your withdrawal shall be processed via the same method that the deposit was made.

Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can affirm to their trustworthy nature. Xtrade is a legit company headquarted in Australia since 2003.

Well, three months are enough to understand that I’m dealing with a genuine company. Despite the reliability is crucial in trading, it’s not the only factor that determines my choice in favor of this or that broker. I’m also concerned about the technical side of trading, in particular, execution. For me it’s important to exit and enter the market with no freeze, whenever I want this. Fortunately, the broker ensures it so it can trade intraday conveniently.

If you are fond of choosing various assets, comparing them and switching them, then you will be certainly delighted by the fact it has tons of assets. In our Xtrade review we found Xtrade as one of the most trustworthy brokers with CySEC regulation. It is a highly user-friendly interface and upgraded trading technology with platform selection and spreads on an average low basis. I think it finally happened for me, I finally came across a broker offering so many cryptocurrencies with a robust infrastructure. It’s really good for me because I don’t trust crypto exchanges, I wanted a brokerage platform on which I can trade cryptos.

But, ensure that you know how to make the most of your cash before investing larger sums. 73% of retail CFD accounts lose money with this provider. Within the fast-paced universe of stock markets and trading, you’ll need guidance to make educated decisions. A professional, direct investment plan could aid you in minimising any potential losses and maximising any returns. Xtrade is just one such stage that will help you.

• Brokers need to be competent above everything else.
• Trading is powered solely by XTrade proprietary trading platform accessible from the web and mobile devices.
• It ought to be highly appreciated by trading community.
• It’s not the only broker that offers such assets but it’s the first broker that drew my attention to this.
• The MetaTrader 4 trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting.

Therefore, all you will have to consider for trading is the broker’s spread. And the spreads here, by the way, are very small. For closing your account you better to contact with support team for more useful and fast cooperation. A friend of mine try it once, so it will help you.

When preparing our https://forexhero.info/, we found out that Xtrade is officially regulated by CySEC, MiFID, ASIC, IFSC and FSB. In addition, the website provides a lot of open info in the “About Us” section. We have also learned that Xtrade headquarters is located in Limassol, Cyprus. Considering all this, it is possible to conclude that Xtrade can be trusted. The MetaTrader 4 also offers a demo account for the inexperienced users. You need to provide your details to register, and subsequently, you can start Forex trading with virtual money for practice.