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

ProsCons
Worldwide coverage through entities in the Cyprus and BelizeSupport not available 24/7
Forex and CFD instrumentsInternational trading done through Belize entity
Good quality trading technology
Choice between MT4 and Proprietary platform
Low costs based on spread
Fast account opening
Quality customer support

Xtrade website

10 Points Summary
🏢 HeadquartersCyprus
🗺️ Regulation and LicenseCySEC, IFSC
🖥 PlatformsMT4, XTrade WebTrader
📉 InstrumentsCFDs on shares, commodities, forex and indices, Cryptocurrencies
💰 CostsBased on fixed spread
🎮 Demo AccountOffered
💳 Minimum deposit250$
💰 Base currenciesThree currencies available
📚 EducationFree education with courses and daily analysis. Exclusive videos for VIP accounts
☎ 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?

Pros
Regulated international brokerNot listed on Stock Exchange
CySEC authorizedRuns offshore entity in Belize
Cross border licenses and global coverage
Negative Balance Protection applied

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.

Accounts

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.

ProsCons
Fast account openingNone
Five Account types offered depending on account size
Selection between three base currencies
Demo Account
Analysis and Exclusive Education for VIP clients

Account types

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 by no commissions’ policy with only fixed spreads (e.g. spreads between the buy and sell prices for EUR/USD 2-5 pips).

ProsCons
Fast digital deposits, including Credit Card, Debit Card, Electronic Wallet, PayPalConditions may vary according to trading entity
No deposit fee
Withdrawals free of charge

Forex fees

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.

Trading Fees of XTrade vs Similar Brokers
Asset/ PairXTradeFeesBDSwiss FeesAvaTrade Fees
EUR USD0.6 pips1.5 pips1.3 pips
Crude Oil WTI1.563
Gold102540
BTC/USD9520000.75%
Inactivity FeeYesYesYes
Fee rankingLowHighAverage

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.

ProsCons
Fast digital deposits, including Credit Card, Debit Card, Electronic Wallet, PayPalConditions may vary according to trading entity
No deposit fee
Withdrawals free of charge

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,

What is the minimum deposit for XTrade?

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, the account must exceed the trade’s initial margin level requirement. Also, Xtrade occasionally runs promotions offering lower deposit threshold minimums.

XTrade Deposit methods

Withdrawal

Another pleasant addition, that XTrade Withdrawal fee or deposit charge is 0$, means the broker covers transaction expenses, however, unless your own bank or payment method requires some performance charges.

Always note, that withdrawal shall be processed via the same method that the deposit was made. 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.

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 platformNone
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.

ProsCons
Quality customer support with live chatSupport not available 24/7
Fast response

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.

ProsCons
Education Courses for different levels SeminarsNone
Exclusive education videos for Premium and VIP clients
Research and analysis tools
Free Demo account

XTrade education

Conclusion

After the XTrade review, the overall impression is that 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.

All in all, the XTrade is a choice to engage into trading with, while understanding what to expect and run to the potential outcomes from the trading available to traders of different size and level.

Nevertheless, we would be happy to hear your personal opinion which you may share in the comment area below.

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5 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!

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