It also comes with a user-friendly platform for both mobile and desktop access. Although there seem to be differences in the account, they all deliver when it comes to the trading experience. The platform supports trading in some of the world’s popular commodities like Gold, Silver, oil, and several more. Xtrade allows forex trading with some of the world’s popular currencies like EUR/USD, USD/JPY, GBP/USD, EUR/JPY. It also supports minor and exotic currencies. Xtrade provides multiple trading instruments with a wide range of opportunities for any trader. Some of the accessible instruments on the site are the Equity CFDs like shares of Google, Apple, Nike, JP, and many more. By providing multilingual customer support, the site allows for multinationals trading.
On the other hand, ETF trading and equity trading commission can be costlier than other brokers’. As with all FCA-regulated brokers, XTB must go through the due process of ‘KYC’ and protection against money laundering activity in checks that are designed to make things more secure for traders. It features a free market audio commentary – a paid service with other brokers – as well as an advanced trading calculator which instantly determines every aspect of your trade for you. All client accounts are also opened under the Investor Compensation Fund , which covers traders up to €20,000, should the broker be unable to pay out winnings. But in the first week I recommended an another friend and he made a deposit of 3500$.
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The mobile apps can be downloaded from Google’s Play Store and the Apple App Store. BrokerNotes is the fastest way to compare 100+ of the best regulated online trading brokers, so that you can find a reputable and affordable broker faster. Traders looking to open an account with XTrade.com must deposit a minimum of $100.
Firstly they claim to be registered and licenced with the Cyprus authorities Cysec and that they can trade all over Europe including the UK. XTRADE highly prioritizes the security of client account details, utilizing rigorous firewalls, radical safeguards, and advanced SSL technology to ensure the safety of information transmission. You can complete up to 5 transactions each month, with a maximum value of €30,000 or £30,000 without paying any fees. The documents you can send on Xtrade for verification of your address include a bank account statement or a utility bill that includes gas, electricity, water, oil, telephone or internet.
Again, the broker does not subtract any costs, but the card itself may incur a fee associated with it. The contract value of one Index CFD equals the price quoted in the currency of the Index. The broker offers the market fixed spreads between the buy and sell prices and no commissions. To start with all new accounts are automatically credited with a free AU$20 no deposit bonus. On Xtrade, premium account users get to enjoy the MetaTrader4 app, which comes with different resources and trading tools. Every user here receives a dedicated account manager to help them make business decisions while accessing educational video tutorials and eBooks is also available. The daily video market updates are here to make it easy for you to understand what’s happening on the market and make informed information-based trading decisions.
- The account supports both mobile and desktop trading, among other high-end features.
- The broker’s head office is located in Cyprus and is also managed by the Cyprus Securities and Exchange Commission .
- I asked them as a regulator what protection they are giving me and the answer is none at all.
- Note, the popular MT4 trading platform download is not available.
Credit card withdrawals are processed immediately, while wire transfer types can take up to 3 days. And according to statements on the broker’s website, in extremely rare events, this process might be delayed only due to interruptions in the inter-bank market. XTRADE has no commissions for deposits or withdrawals, and commits to reimbursing clients for any charges. The XTB platform also makes it possible to buy/sell shares on the stock market. The platform is available for computers, tablets, smartphones, and even smartwatches, and has a variety of innovative technical tools to help you with your trades.
Note, the popular MT4 trading platform download is not available. 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. If you lost your funds to unregulated brokers, I recommend via gmail com.
I spoke to my account manager Rossana and she told me that it was a mistake of the company and that they will try to fix the problem within 20 minutes. They increased the spread of german 30 only in my account, the rest of the accounts was 2 pips. The trade sizes are massive per pip and you could be loosing big money very quickly. I strongly suggest you act with great caution when dealing with this firm. There are a number of issues with companies like Xtrade – xtrade scam one after another xtrade scam . Visit XTRADE.comnow to get a free eBook, or start trading with alive account right away. The withdrawal process is initiated following submission of a withdrawal request by the client.
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. The company’s head office address in Cyprus plus its locations in Melbourne, Australia, amongst others, can be found on the broker’s website. XTrade offers a wide range of payment methods that vary for clients from different countries.
Examples include trading Gold to DAX CFD. There are plenty of trading tools, promotions, and information on the website that allows the trader to take advantage from these options. XTRADE is built on the belief that Forex trading is not just for professionals and should be accessible to all, XTRADE strives to patiently educate and guide new investors.
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I was stupid enough to deposit the money as they were completely lying about how they operate. however I have managed to recover some of my funds with the help of the bank and the FOS. In regards to safety and security, XTRADE stands out as a broker regulated by two separate and credible authorities, CySEC and ASIC. So, if you are looking to trade using an established, highly regulated, and visible company,XTRADEis for you. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider.
The data and quotes contained in this website are not real time quotes. All such prices are supplied solely for the purpose of discussion. All individuals who are considering any investment in the financial markets should perform their own independent analysis and fully apprise themselves of the risks involved. The risks involved in trading any financial instrument are high and may not be suitable for all investors.
The trading services given by the XTrade includes some video lessons, alerts for trading, trading guides and a lot of materials. Moreover, as an accumulation to the unvarying trading platform, the firm also gives a mobile trading application that will make trading probable for the users to trade even while on the road.
You do not have to face any such problems when you sign up with this broker. First of all, you will see that the broker has some great methods for you to deposit your funds.
The support team can help with a range of queries, from how to delete an account, utilise the platform, or navigate account verification. 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.
Receive the latest financial, stock, business news and updates, delivered to your inbox. We have scanned fees that Xtrade charges when trading popular currency pairs, here is their breakdown in pips. There are many advantages to choosing XTrade as your Forex broker.
This website is provided for informational purposes only and in no way constitutes financial advice. A featured listing does not constitute a recommendation or endorsement.
A more experienced investor can deposit $1000 and open a Premium account with additional VIP benefits, special features and better spreads on offer. Newcomers can also take out a practice demonstration account in order to try out the trading platforms and tools before taking the final decision of committing funds to an account. Sometimes, everything else is fine with the broker but you get a bitter taste in your mouth when you talk about banking. Many online brokers promise you a lot of things but fail to offer any convenience when it comes to depositing money in your online trading account.
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From its online Trading Academy , it also offers multiple packages like a Trader’s Library, Day Trading Guide and how to trade important events, such as Brexit and the US Elections. All contents on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or investing decisions. Daytrading.com may receive compensation from the brands or services mentioned on this website. 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. Yes, XTrade offers a demo account with all the capabilities and options available with a real money account.
This does mean, however, that less favourable spreads can’t be avoided like they can with many tiered account structures. and I am making autotrading systems using Metatrader EA. In this blog I will share my thoughts about daily forex traders, market forexcast, top forex brokers. The XTrade offers you with a simple to use trading platform with the widest range of monetary instruments and even more than one hundred trading assets.
The VIP account comes with several benefits like faster payment processing, customized support, and exclusive corporate gifts. Platinum is the other Xtrade account that allows $5,000 minimum deposit. It comes with all the features available in the premium and standard, and many more. It comes with a senior account manager in case of any concern and for learning. Apart from the videos, the site also provides multiple courses for both beginners and professional traders. It also has a glossary and a regularly updated blog with industry news and information.
The most representative price is then used to create the quotes on our platform. A guaranteed stop-loss order guarantees to close your trade at the price specified regardless of market volatility or gapping, for a premium. Email support can be a little slow at times, however, phone support can be rated as excellent. Important and frequently asked information can be accessed easily on the website. You can even reach out to them via their social media handles on Twitter or Facebook.
You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. The custom platform offers the most features in an intuitive manner while MT4 is also available for traders who prefer the more standard platform. While its overall costs are lower than its competitors, its offerings are slightly limited. For fast and easy signup and free transaction, XTB is a contender platform for new users. The mobile app experience is mostly similar to the desktop experience. Both the platforms – xStation 5 and MT4 are available on the mobile app as well.
While it can be tricky at times because of the volatility, it is the volatility of this market that lets you make more money than you can with other financial markets. In this particular case, you would want a trader that offers you access to the cryptocurrency market. What you will like even more about this broker is that you can trade a variety of cryptocurrencies on it. You can trade ethereum, bitcoin, litecoin, ripple, monero, and many more. The first thing you expect from today’s brokers is that they should suit the style of modern trading. You do not want to sign up with old brokers with old platforms because even the idea of trading traditionally does not sound appealing.