Their main offering mainstay on a fixed spread with no hidden fees, comprehensive fetures online-based platform and good trading instruments variety. The broker offers competitive costs and excellent education material suitable for traders of different levels. Besides, as a regulated broker, the company does follow the strict rules of the client’s protection along with the funds’ security for safe trading environment. Following XTrade International's offering, XTrade Europe does not provide trading with the highly popular MetaTrader platform. This broker has its proprietary platform that enables traders to access the market via Web-Trader with a rich set of features and trading tools to ensure an optimized trading experience. Said platform is not only available on the desktop, but also in mobile app and tablets.
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The company has several daughter brands, including XTrade Europe Ltd. and XTrade International Ltd that service clients from Dubai to Uruguay. Coinlib does not guarantee the accuracy of the presented data and is not responsible for any trading decisions. Just go to their website and click on ‘REGISTER’ which is in blue. Provide the details asked for and agree to the terms and conditions of Xtrade and submit your application. Xtrade ensures utmost security of their clients’ funds and information.
Because Xtrade first started out processing CFDs it has developed its own trading platform
Based on our research the broker doesn’t charge any deposit/withdrawal fees, however, it charges an Inactive Account Fee of up to $50 USD per month is assessed to Xtrade accounts that are inactive. Overall Xtrade spreads are considered to be a low spread offering among the market, for instance, check out and compare Xtrade to FP Markets fees. In fact, XTrade through its long operation spread around globally while serving clients from a vast number of countries.
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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. On the company’s website, it is not indicated in what currencies accounts https://traderoom.info/ can be funded. It would probably include the currencies of all the countries that can trade with Xtrade, such as AUD, USD, EUR, GBP, ZAR, and others. Below is an in-depth review of Xtrade to help you make an informed decision before opening your account or trading on their platform.
XTRADE Education and Training
Through the years, Xtrade has provided its services to some of the leading traders in the world, providing a safe and secure trading environment. His exceptional support and guidance https://traderoom.info/xtrade-forex-broker-overview/ have been instrumental in my trading success. Maamoon's extensive knowledge and insightful advice have enabled me to achieve substantial profits in a remarkably short period.
But at the same time, I know for sure that this company has a unique trading platform. The set of assets is also quite unusual and it has some assets that are rare among brokers. Besides lots of currency pairs, Xtrade also offers some instruments you would like to trade on, such as Forex, Stocks, Indexes and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
I want to warn you that my opinion can be different from yours and if so, take it easy, brother! I think there is no need to think complicatedly to understand what assets are the most attractive in terms of trading conditions. It is obvious that the forex market is the most beneficial, there is high leverage, tight spreads and cheap administrational swap fees. Everything is needed for successful and cost-effective trading.
Execution-only brokers, which do not involve in personal investment advice and give traders complete control over how they trade the markets, usually charge lower commissions. I am not going to lie, initially this broker wasn't of my favor. Everything was because of quite restricted leverage for trading cryptos, but then I dug the essence. Cryptocurrencies seem to be the riskiest and the most volatile asset, so this is just a protection from the company from those excessive risks people tend to take on. But due to Xtrade, its education, its commitment to enclose me from making unwise decisions, I now realize how it's important to understand your risk tolerance. On the more negative side, Xtrade lags behind the best brokers, particularly in the research and education categories, and offers fewer markets than the industry average.
Clients can also qualify for a cash-back bonus depending on how many mileage points they have earned from your trading volume. VIP clients are valued by Xtrade and are offered several incentives. Leveraged product trading magnifies a trader’s potential profit – but of course, also increases the potential loss.
- The broker has a trusted regulatory rating but falls short in key areas like commissions and fees, making it less attractive for most traders.
- There is an XTrade first deposit bonus of up to $6,000, XTrade bonuses for phone and account verification, as well as up to$120 first trade on them.
- Traders get access to daily news on the market trends, market analysis and an economic calendar to show them events that are likely to have an impact on certain parts of the economic world.
- Compare XTrade with the top 3 similar brokers that accept traders from your location.
- As a result, I would not park a substantial amount of money with a broker in such a predicament.
Since the spreads are exceptionally high, it is recommended that traders avoid trading with Xtrade as many popular brokers are offering much lower spreads than 5 pips on EUR/USD. The broker is regulated, but the spreads are ruining the ability to make money when trading under these conditions. Xtrade’s account types aim to cater to different levels of traders and provide them with various benefits and incentives.