Xtrade Review

Xtrade

Xtrade

www.xtrade.com

  • Leverage: 1:30

  • Regulation: CySEC, IFSC

  • Min. Deposit: 250 US$

  • HQ: Cyprus

  • Platforms: MT4, XTrade WebTrader

  • Found in: 2003

XTrade Licenses

  • Xtrade Europe Ltd - authorized by CySEC (Cyprus) registration no. 108/10
  • Xtrade International Limited (ex. Financial Arena Ltd) - authorized by IFSC (Belize) registration no. IFSC/60/383/TS/18

Top 3 Forex Brokers

  1. Is XTrade safe or a scam?
  2. XTrade Pros and Cons
  3. Awards
  4. Is XTrade safe or a scam?
  5. Leverage
  6. Accounts
  7. Trading Instruments
  8. Fees
  9. Spread
  10. Deposits and Withdrawals
  11. Trading Platform
  12. Customer Support
  13. Education
  14. Conclusion

What is XTrade?

The broker XTrade firstly known as XFR Financial Ltd was established back in 2003, while recently headquarters in Cyprus and offering traditional trading through CFDs on shares, commodities, forex and indices.

The company also continuously increases their ranges and add instant access to the most popular Cryptocurrencies that are available 24/7 directly through the trading platform: Bitcoin, Bitcoin Cash, Litecoin, Dash, Ethereum, Ripple and other digital coins.

The international proposal through performed through stablished entity in Belize that allows international traders to open account and also get high leverage or other conditions. Yet, be sure you learn differences about regulations and conditions well.

XTrade Pros and Cons

XTrade is a trusted broker with CySEC regulation. 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.

On the negative side the are some limitations in product offering, support is no available 24/7 also international proposal is done via Belize entity.

Xtrade website

10 Points Summary
🏢 HeadquartersCyprus
🗺️ Regulation and LicenseCySEC, IFSC
🖥 PlatformsMT4, XTrade WebTrader
📉 InstrumentsCFDs on shares, commodities, forex and indices, Cryptocurrencies
💰 Costs0.6 pips
🎮 Demo AccountOffered
💳 Minimum deposit250$
💰 Base currenciesThree currencies available
📚 EducationFree education with courses and daily analysis
☎ Customer Support24/5

Awards

In fact, XTrade through the long operation spread around globally while serving clients from a vast number of countries. As a recognized company in online trading with years of experience and worldwide presence, the firm confirmed its status by many awards and industry achievements.

XTrade awards

Xtrade & Cristiano Ronaldo – The broker supports various social activities which increase their presence in world picture. Cristiano Ronaldo was Xtrade official ambassador of 2016-2017, which signifies an opportunity to support the world’s greatest footballer while promoting marketing-leading CFD trading products.

Is XTrade safe or a scam

No, XTrade considered safe broker because is authorized by CySEC to provide lower risk Forex and CFD trading.

Is XTrade legit?

The XTrade group and the company fully comply with the CySEC regulation, as per their headquarters in Cyprus and its obtained license, along with numerous registration and authorization across the EEA zone. The international brand that serves worldwide clients XTrade International operates in various jurisdictions through its license obtained by the International Financial Service Commission in Belize (IFSC).

Even in fact this license if offshore one, which regarded as not safe enough on its own, yet the additional regulation by the European entities confirms that the broker strictly complies with the international protective measures.

How are you protected?

The client’s funds are always segregated as we see through our XTrade Review, means an account in which the trader’s assets are kept is separated from the broker’s assets that enable security and money protection, while also every client account is opened under the Investor Compensation Fund.

Furthermore, Xtrade continuously monitors its operations as per regulatory requirement and provide comprehensive security for all online transaction or manipulations provided.

In addition, according to the regulation sets the trader cannot lose more than the initial deposit, since the broker applied negative balance protection, which all in all makes XTrade considered to be a safe Forex broker.

Leverage

Leverage is a quite unique opportunity to magnify trading potential using the tool of leverage. However, every trader should remember that leverage can work both for you as well as against you, so you should be cautious when using it and learn more how to use tool smartly.

In terms of XTrade leverage offering, as there are two main regulatory obligations the clients of different jurisdictions will fall under specific levels of leverage.

  • European clients or those traders that are operated under the CySEC regulation, as per current updates are allowed to use maximum leverage of 1:30.
  • The International clients operated through XTrade International may enjoy leverage till 1:400.

Account types

Through one Xtrade single account you are able to trade across multiple devices that make no difference between the traders. At the beginning, the trader can always try out the risk-free environment through Demo-account opening.

You can either grow your account so once the account reach or holds a balance of a certain amount it will turn either to Premium Account with 1,000$ balance, Platinum Account with 5,000$ and VIP Account 25,000$ accordingly. 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.

XTrade accounts

Trading Instruments

The XTrade trading instruments or trading products are offered through a popular CFDs or Contract for Difference model, which allows vast flexible opportunities on price speculation without particular ownership of an asset.

Xtrade Equity CFDs allow trading CFDs worldwide on the most actively traded shares– Apple, Google, Nike, JP Morgan, IBM, etc. With a 5% Initial Margin.

Forex Trading includes the most popular international currency pairs – EUR/USD, USD/JPY, etc, as well as the highly demanded Cryptocurrencies. Xtrade trading system provided over 50 leveraged Forex pairs with leverage up to 1:400.

Index CFDs – S&P 500, Dow Jones, etc. 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.

Commodity CFDs – Gold, Silver, Oil, Natural Gas, etc. The contract value of one Commodity CFD equals the price quoted in the currency of the commodity. For example, if Gold CFDs are trading at $1,200.50, then the value of one ounce Gold CFD is $1,200.50.

XTrade assets

Fees

The XTrade offers various technical solutions and tools for better trading conditions, along with reduced costs with no commission policy but only fixed spreads (e.g. spreads between the buy and sell prices for EUR/USD 2-5 pips). Additional costs like non-trading fees, funding fees and inactivity fees are ranked below.

FeesXTradeFeesBDSwiss FeesAvaTrade Fees
Deposit feeNoNoNo
Withdrawal feeNoNoNo
Inactivity feeYesYesYes
Fee rankingLowHighAverage

Spreads

XTrade trading fees are based on a XTrade Spreads Only strategy, with a fixed amount, means that traders’ costs included into a spread, which is the difference between the bid and the ask price of a financial instrument. To see the Spread value for each product please refer to the table below that gives you a reference on a price model, however, check the most accurate data on the official Xtrade website or platform.

However, the trader will have a better price offering from the XTrade broker as long as account size or type increases. Thus, the spread of the common EUR/USD pair is fixed to 5 pips in Standard Account, 3 pips in Premium and Platinum, 2 pips in VIP account.

Overall XTrade spreads considered to be a low spread offering among the market, for instance, check out and compare Xtrade to eToro fees.

Asset/ PairXTrade SpreadBDSwiss SpreadAvaTrade Spread
EUR USD Spread0.6 pips1.5 pips1.3 pips
Crude Oil WTI Spread1.563
Gold Spread102540
BTC USD Spread9520000.75%

XTrade Cryptocurrency

Swap fee

Keeping a position open after a specific hour (approximately 22:00GMT), subject trader to an Xtrade funding premium fee or overnight fee that is subtracted from the trading account. This premium covers the cost of the associated funding and varies from the asset for another, e.g. Eur/Usd fee for sell or buy is around 1.8.

Deposits and Withdrawals

To deposit or withdraw the funds, the client has many options to choose from, yet, depending on the client’s location, which you can easily check through the official XTrade website.

Deposit options

The available methods include the following ones, so you can choose the most convenient one for you.

  • Credit/debit cards,
  • bank transfers,
  • American Express,
  • PayPal,
  • Skrill and many more common options.

There are no deposit or withdrawal fees charged to the client from the company,

XTrade minimum deposit

The XTrade minimum deposit is 200$, yet you should calculate and cover necessary expenses since the variety of trading instruments offers different margins and spreads. E.g. to open a new position at equity, account must exceed the trade’s initial margin level requirement. Also, Xtrade occasionally runs promotions offering lower deposit threshold minimums.

XTrade minimum deposit vs other brokers

XTrade Most Other Brokers
Minimum Deposit $200 $500

Withdrawal

XTrade Withdrawal fee or deposit charge is 0$, means the broker covers transaction expenses, unless your own bank or payment method requires some performance charges in case of the wire transfers. If you deposit via credit card, any withdrawal amounts will be returned to that credit card. Likewise, if a deposit is made via bank transfer, the withdrawals will be transferred back to your bank account.

XTrade Deposit methods

Trading Platforms

The Xtrader platform range offers mainly an online-based proprietary software, as well as to stay trading with an industry leader MetaTrader4. However, the proprietary platform gained numerous rewards, from both industry professionals and the traders, thus you may try and then never leave XTrade platform.

ProsCons
Proprietary Web trading platform None
User friendly design and login
Price alerts
MT4 offered as well
Supporting many languages

Web Platform

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.

Mobile Trading

In order to never miss an opportunity, Xtrade developed a powerful mobile platform that is available on iOS, Android and Windows. The mobile platform is a customer-friendly and supported by alerts and professional charting tools.

Desktop platform

Overall, as a trader you will get access to real-time charting and almost all possible manipulations in the web platform or its applications, which is fully intuitive and easy to understand or perform even to the newbies, not considering professionals that will find the full capacity of very powerful features.

XTrade Platfrom

Customer Support

XTrade provides also multiple support that increases the trading experience and makes it a smooth process. You can reach out customer team through live chat, email or phone lines, also due to international coverage, there is multilingual support and centers that run 24/5.

Education

You are able to develop trading skills and strategies with professional trading tools, along with educational resources and daily market reviews, which makes it possible for beginners to join as well.

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.

XTrade education

Conclusion

Concluding XTrade review, the broker brings stable and reliable conditions to trade. Their main offering mainstays on a fixed spread with no hidden fees, powerful online-based platform and comprehensive trading instruments variety. As a regulated broker, the company does follow the strict rules of the client’s protection along with the funds’ security and safe trading environment. What is pleasing also, is that XTrade supports their traders by various means, from excellent support to 0$ fees on money transactions, as well as widely supported methods.

No news available.

25 responses to “Xtrade”

  1. Trabajar con x-trade.mx no es satisfactorio. Hay papeletas, hay artículos, y el dinero prácticamente no se muestra. No funciona como el terminal en x-trade.mx en absoluto. Empecé a cambiar la vida aquí. Primero, fui a cursos, luego me entrené en una cuenta demo y luego en una cuenta real. No termina sin bien, ¡no lo recomiendo!

    • I have been around the world and have picked up a few phases of Spanish, I note that the 2 reviewers, if I’m correct end their reviews with a negative comment.

  2. Gracias a este proyecto, xtrade-opiniones.com comenzó a trabajar en el invierno de 2018, abrí mi cuenta el 12/10/18 para conectarme, nadie ayudó en este caso. No tenía experiencia previa. El trabajo en el proyecto no está muy satisfecho, fui elegido para mí como un comerciante que tiene bajos ingresos, lo cual es muy difícil de obtener con un depósito bancario en una moneda extranjera. Para mí es muy importante que no pase tiempo en estas operaciones en la terminal, y la ganancia mínima se produce todos los meses. Esta plataforma no cumple mis deseos y requisitos en absoluto. Quién planea trabajar con él y tiene dudas, puedo recomendarlo con seguridad. Hasta que lo intentes, no reconocerás el engaño y las grandes promesas.

  3. Estudió en xtrade-estafa.com y no obtuvo lo que esperaba. Anteriormente, representé al mercado y entendí cómo ganar dinero. Después de dos días de estudio aquí, no sabía nada y no entendía los algoritmos de esta compañía. Parece que los gerentes y gerentes solo quieren obtener dinero de usted. Lo explicaron tan fuerte que pensé que ganaría millones con ellos. En la práctica, esto está lejos de la verdad. Los gerentes muestran cómo funciona la terminal, cómo abrir ofertas, usar herramientas, pero el pago de dinero es casi irreal. El comercio aquí a través de estrategias conduce a cuentas negativas. ¡Así que no se los recomiendo a nadie!

  4. I am a Australian citizen and only speak English, how do I read reviews that are in Spanish or Hindi.

  5. I have worked with xtrade company and still operating an account with them, honestly, the company is one of the best legitimate and transparent online trading firms if not the best, I have worked with many other brokers in the last 15 years, so far, xtrade experience is the best.

  6. I can’t say i did’t have any experience at all when I started trading here. Yet, neither I am a professional market participant. I other words, trading is a hobby for me and my level of understanding the details of the market and its participants is corresponding.
    The broker has pleasantly surprised me with the quality of executions. The platfrom is webtrader which is rather intuitive and definitely is enough for daily market analysis and active trading. I didn’t have much reasons to test the support service, which I guess can be counted as an advantage too. Overall pleased with the experience here.

  7. You are probably a beginner and are just thinking about opening a XTrade account. This broker only has access to WebTrader. You don’t need to download software to your computer. You can trade from any device whenever you want. And the speed of order execution is excellent here.
    By the way, XTrade has an excellent mobile application. I recommend.

  8. I started working with Xtrade because this broker has a really good level of education. Here you can find training courses with trading strategies. This is great!!. Because I immediately got a ready-made strategy in order to make money and I don’t have to come up with everything myself. You just need to open an Xtrade demo account and start training your skills. There is everything for this. Firstly, an excellent trading platform with the necessary functionality, and secondly, a good support service that will answer questions.
    In addition, I want to say that Xtrade has a good bonus system and many will be interested to know about it!

  9. I’ve only been trading here for two weeks, but I can already say something. Xtrade is a good broker. I learned to trade here and got bonuses in the beginning. There is a really good bonus system here. In addition, there is a very convenient trading platform that can also be installed on a mobile phone!
    I also want to say that the broker is honest and reliable. Yesterday I brought money to the card for the first time. Everything was without any problems!

    • This broker offers its own WebTrader trading platform. There are mobile versions for iOS and Android. Convenient charts, analysis indicators and trading assets are available: stocks, indices, bonds, forex, commodities, ETFs.

  10. Choosing a broker for forex trading is not an easy process. I usually try to spend a bit of time before making a conclusion as further results of trading might be very vulnerable to the first choice.
    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.
    Next, the company is regulated and has a license to operate in the financial markets. Someone might need tighter regulation, but the trading conditions will be much more consevartive in that case.
    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.
    Finally, I think that a broker has to deliver fresh analysis and actual market updates for its clients. XTrade does that properly.

  11. I am very glad that I found this company for Forex and CFD trading. It seemed to me that this is an excellent broker .. and then I realized that it did not seem to me) This is so.
    First of all, I liked that there is a high-quality education. I immediately realized that the broker really wants to teach us how to trade with profit. There are all the possibilities for profitable trading here:
    1. Convenient trading platform;
    2. A large number of assets;
    3. Low spreads.
    Xtrade broker is a good choice!)

  12. What can I say, in the beginning I was very satisfied. Now I have discovered some shortcomings. No, I was not disappointed with the broker, rather I just saw a better picture of trading with Xtrade. The main advantage is undoubtedly fixed spreads. Yes, if you only look at the numbers, 2-3 pips is not a very low spread. 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.
    It has disadvantages too – not enough tools for analysis and no possibility to set your own algorithm (at least I couldn’t find). But if standard indicators are enough for you and at the same time your strategy has stable spreads then Xtrade is not a bad choice. I have a question, what is the training possibility at the broker?

    • I like the possibility to trade with fixed spreads. They make my daily news trading less stressful. I don’t regret neglecting reportedly tighter floating spreads because my peace of mind is more crucial.

  13. scammer company. open account and depo. fund manager ask to open trade then within 1 mins account wipeout due to big leverage 1:20. i have seen never trust this broker again.

  14. I was interested in the Forex market, as many people have heard about million-dollar earnings on Forex, and I was bribed by the promised income. I spent about a week and decided to open a demo account with one of the many brokers, and then a real account. I chose the company Xtrade and I was really lucky. At the moment I only tried myself in commodities trading. I trade with profit. It just motivate me to keep going.
    The company is reliable. I’m not afraid to trade here and I’m not afraid to deposit big money. I trust Xtrade completely.
    There is training for beginners. So everybody who is just recently interested in Forex – come here. Xtrade is a professional in this business, it can be seen by the reviews.

  15. I decided to do forex trading. And the question of the trading place came up. When I started to search, it turned out that my friend had been trading on the platform of Xtrade for a long time. And he speaks only positively about her work. So I tried it and I am very satisfied. The company has good conditions, great analytics and user-friendly interface. I get a lot of pleasure from trading and I advise everyone to try it!

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