Transactions are free but your financial institution might charge you for the same. Provide the details asked for and agree to the terms and conditions of Xtrade and submit your application. XTrade has a very poor history of fraudulent behaviour ( withdrawal issues, unfair conditions in its platform, …). My preferred way to trade right now, and I could recomment if you trade multiple assets, especially from different asset classes.

XTRADE Types of Accounts and their Features

Here is a comprehensive summary of Xtrade and the services they offer to their customers. The broker can be traded with comfortably and you would hardly realise that the spreads are not the tightest. Therefore, it is subject to the regulatory requirements of the Markets in Financial Instruments Directive (MiFID II). For non-European traders opening an account in XTrade, they will be managed by Xtrade International Ltd., a Belize-based entity that is licensed by the International Financial Services Commission in Belize. To deposit funds in an XTrade account, log in to your account, go to the deposit section, and choose your preferred payment method.

• A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes.
• The broker advertises itself as a reliable with extensive experience that focuses on the safety and comfort of their clients.
• Before starting to trade with Xtrade, every client must undergo an account verification process.
• Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.

Markets and Products

They have taken all necessary steps to ensure that their customers’ funds are safe and secure. With its comprehensive regulatory compliance checks and robust security measures, Xtrade can confidently provide its customers with a reliable trading environment where they can trade safely and securely. Xtrade is a powerful trading platform that offers a great range of features and performance. The platform includes real-time charting with all the leading technical indicators and extensive trading tools. Traders can enjoy alerts, notifications, friendly one-click navigation, and professional charting tools.

Broker Xtrade offers an extensive range of markets and products for trading. Traders can diversify their portfolios and choose assets following their trading strategies and risk profile. Numerous international acts regulating the company’s activities require transparency and compliance with anti-money laundering norms. For this reason, registering a demo account will require you to provide your name and accurate phone number and to start trading on a real account – go through verification. When registering with XTrade you must check with regulatory body your XTrade trading account falls under.

• Email support is a a convenient method of XTrade customer service but responses to support queries are not quick.You may have to wait between days for a response from XTrade regarding your support request.
• This can significantly increase a trader’s overall costs and reduce potential profits.
• Compare the markets and instruments offered by XTrade and its competitors.
• XTrade non-trading fees include a variety of XTrade brokerage fees and charges that a trader will pay which are not related to buying and selling financial instruments using the XTrade trading platform.
• XTrade is owned by XFR Financial Ltd, which has its main office in Limassol, Cyprus.

Moving on to XTrade’s platforms and markets available, this comprehensive platform offers a variety of options for traders. It supports both MetaTrader 4 and MetaTrader 5 as well as its own proprietary web trader. This allows users to access their favorite markets from any computer or mobile device that has an internet connection. XTrade’s forex offering is vast, providing access to over 40 currency pairs, including major, minor, and exotic currencies. Forex trading is available with competitive spreads, and traders can leverage their positions for greater potential profit. The three services we reviewed are crucial to the success of any trader and Xtrade has provided them to its customers satisfactorily.

The forex trading platform provided by Xtrade to its clients is the software to carry out their trades. Tons of reviews confirm that the Xtrade platform is the one traders can trade on and earn good dough. Well, it depends on them, of course, because the broker doesn’t earn money for traders, they do it on their own. Nevertheless all trading conditions are cool out here, platform is a time-proven and web-based one so there are tons of positvie things about it. When you trade with XTrade there are two available accounts to use for trades with real and virtual money. The first is a Standard account with a minimum deposit of $100, so this is a great option for the beginner.

Deposit Options at Xtrade

Let’s finish up this XTrade Forex broker review with a few reasons for choosing such a big name for your Forex trading. You need an account in order to star coins, keep track of your portfolio, set up alerts, vote on coins as well as use all the other advanced features. Their ambassador during the year 2016 was the football superstar Cristiano Ronaldo who plays for Juventus FC. Xtrade are also regulated by the IFSC and operate under the regulations of KYC and AML. Payment through electronic methods like Skrill and Neteller are accepted.

A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. So many assets and asset classes here, i was kinda lost in choosing what to trade here🤣 The platform is good, but im not a big fan tho, im used to mt5 at this point.

XTrade Trading Fees

Spreads for the Standard Account at xtrade review Xtrade are generally higher, averaging between 2-5 pips, while the Premium, Platinum, and VIP Accounts offer more competitive spreads, starting from 3 and 2 pips. However, the fixed spread structure might not be as favorable for traders who prefer variable spreads, as these can provide tighter pricing during certain market conditions. Xtrade provides good trading technology with platform selection and spreads on an average-low basis, the account opening is fast and there is a selection of Forex and CFD instruments. The platform is available via web and mobile apps, providing flexibility for traders. Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables.

What type of trader is Xtrade best for?

After filling out the form, it is necessary to enter the personal account and change the automatically generated password before starting trading. Please note that Herd Markets may have financial relationships with some of the merchants mentioned here and may be compensated if consumers choose to click the links located throughout the content on this site. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument.

Please note, some markets may only be available via CFDs or other derivatives. 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. There is a minimum deposit of $250, though this may be reduced during promotional events. 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.

Commodity trading is a type of trading available on XTrade where individuals or businesses buy and sell financial instruments using XTrade related to commodities, such as metals or oil. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.

XTrade Inactivity Fees

I’m in construction and not sitting at home 24/7 so I just use their mobiel app when i have time. Nice on a break, mostly going with SHS patterns on ETH/USD and some EUR pairs cfds at the moment.I know its a good broker with no comission and only spread etc, but mainly the app is the drive for me. If they had worse app, I wouldnt trade here honestly, Id find somewhere else I think. Trading with Xtrade has gone smoothly for the past 4 months I have been here. I would say the exact part of the broker I have liked will be the different payment methods. The broker provides various payment methods for both depositing and withdrawing and they are very reliable, fast, secure and convenient to use which is awesome.

There are many assets, bonds, ETFs, forex pairs, cryptos, with nice conditions, leverage adjusted specifically for certain asset and so on. I trade cryptos with a good leverage, sometimes get into trading US and EU stocks. Xtrade offers several withdrawal options for its users, including credit/debit cards, e-wallets, as well as wire transfers.

While overall feedback from users is generally positive, some have noted that response times can vary depending on the query and the time of day. Users should also check the availability of support in specific regions or languages. If you deposit via credit card, any withdrawal amounts will be returned to that credit card. These fees are determined based on the instrument being traded, the direction of the position (long or short), and the prevailing market conditions. As always, the overall cost of trading depends on the account type, trading volume, and prevailing market conditions. Being licensed by the FSC as the main license, the broker operates under less stringent regulatory standards.