XTrend Review

1. What is XTrend?
2. XTrend Pros and Cons
3. Is XTrend Safe or a Scam?
4. Leverage
5. Accounts
6. Instruments
7. Fees
8. Spreads
9. Deposits and Withdrawals
10. Trading Platform
11. Customer Support
12. Education
13. Conclusion

Our Review Method

• 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, regulations and licenses, fees, spreads, platforms, customer service, and placed traders to see trading conditions and give expert opinions about XTrend.

What is XTrend?

XTrend is a Forex and CFD trading company, that offers a variety of trading instruments in different asset classes including Forex, CFDs, Commodities, Indices, Shares, Precious Metals, Cryptocurrencies, and Energy.

Based on our research, the broker is headquartered in Cyprus and is regulated and authorized by the reputable European regulatory body CySEC. Additionally, the firm has a presence in South Africa and is authorized by the well-known FSCA authority.

Overall, the broker provides competitive trading conditions and a diverse range of trading products through the advanced trading platform.

XTrend Pros and Cons

Per our findings, the firm has both advantages and disadvantages that are important for traders to consider. For the pros, the broker offers a competitive trading environment, a low minimum deposit requirement, as well as access to a range of trading instruments. The firm also provides comprehensive educational materials and resources.

For the cons, there is no 24/7 customer support available. Additionally, the broker lacks a top-tier license, which could be a concern for traders who prioritize brokers with higher regulatory credentials. However, trading under CySEC and FSCA is considered safe enough.

Overall XTrend Ranking

According to our analysis, XTrend provides reliable trading solutions with competitive fees, which is an advantage for all levels of traders. Moreover, the broker’s extensive selection of trading instruments with competitive spreads presents an appealing proposition to traders.

• XTrend Overall Ranking is 7.9 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry-leading brokers.

XTrend Alternative Brokers

After considering multiple factors such as trading features, regulatory compliance, spreads, trading instruments, and user reviews, we have conducted an analysis and compiled a list of potential broker alternatives to XTrend.

• Errante – Competitive Trading Conditions
• OCBC Securities – Competitive Trading Spreads
• FxOro – Range of Trading Instruments

Awards

Per our findings, XTrend has been recognized and awarded over time. We have included a screenshot of some of these awards below.

Is XTrend Safe or Scam?

No, XTrend is not a scam. It is authorized by the well-regarded Cyprus Securities and Exchange Commission (CySEC) and FSCA in South Africa. These regulatory authorities impose strict rules and regulations to ensure high standards in the financial industry.

Is XTrend Legit?

Yes, XTrend is a legitimate and regulated broker that follows the necessary regulations for offering Forex trading services. Compliance with the regulatory rules set by FSCA and European authority enhances the safety and confidence of traders who choose to trade with the broker.

Additionally, the company does not offer services in offshore zones, emphasizing its commitment to operating within regulated jurisdictions and providing transparency to traders.

See our conclusion on XTrend Reliability:

• Our Ranked XTrend Trust Score is 7.9 out of 10 for good reputation and services provided. However, we recommended conducting your research, reviewing customer feedback, and considering personal factors before deciding to engage with the broker.

Client Trading Protection

According to our findings, XTrend implements various measures to protect its trading accounts. These typically include regulatory oversight, and ensuring compliance with applicable rules and regulations. The firm also maintains fund protection mechanisms to keep client funds separate from the broker’s operational funds.

However, conduct thorough research and carefully examine the broker’s documentation, legal agreements, and policies. This will provide a comprehensive understanding of the specific trading protections offered by the broker, as trading conditions can vary across jurisdictions.

XTrend Leverage

Leverage is a useful tool that enables traders to enter the market with limited capital. However, its use can lead to substantial profits or losses as well. As such, traders should have a comprehensive understanding of how leverage works and its possible consequences before engaging in any trading activities that involve leverage.

XTrend leverage is offered according to CySEC and FSCA regulations:

• European and South African traders are eligible to use a maximum of up to 1:30 for major currency pairs.
• However, the website states the potential for higher leverage of up to 1:300, so understanding the implications and risks associated with leverage is crucial before making decisions about its use in trading.

Account Types

Per our research, the broker offers a single real trading account tailored to meet the needs of traders. The initial deposit requirement is $50.

Opening XTrend Trading Account

Opening an account with a broker is quite an easy process, as you can log in and register with XTrend within minutes. Just follow the opening account or sign-in page and proceed with the guided steps:

• Select and Click on the “Create an Account” page
• Enter the required personal data (Name, email, phone number, etc.)
• Verify your data by uploading documentation (residential proof, ID, etc.)
• Complete the electronic quiz confirming your trading experience
• Once your account is activated and proven, follow with the money deposit.

Trading Instruments

XTrend provides access to popular trading instruments, such as Forex, CFDs, Commodities, Indices, Shares, Precious Metals, Cryptocurrencies, and Energy.

The broker enables traders to diversify their portfolios and participate in various markets according to their individual preferences and trading strategies.

• XTrend Markets Range Score is 8.5 out of 10 for a diverse selection of trading products overall.

XTrend Fees

After examining the broker’s fee offering, we found that XTrend provides competitive pricing for the majority of trading services. The broker imposes withdrawal fees, and additional charges may be applicable during trading activities as well.

So, carefully review the broker’s fee structure and terms and conditions to gain a comprehensive understanding of the associated fees and their potential impact on trading operations.

• XTrend Fees are ranked low or average with an overall rating of 7.9 out of 10 based on our testing and compared to over 500 other brokers.

Spreads

Based on our test trade, the broker provides competitive spreads, with an average spread of 0.2 pips for the EUR/USD currency pair in the Forex market.

However, spreads can vary based on market conditions, volatility, and liquidity, so consult the broker’s website or contact customer support for detailed information on the spreads they offer for specific instruments and account types.

• XTrend Spreads are ranked low or average with an overall rating of 8 out of 10 based on our testing comparison to other brokers. We found Forex spread lower than the industry average of 1.2 pips and the spreads for other instruments are competitive too.

Deposits and Withdrawals

Per our research, the broker offers a variety of payment methods for traders to deposit funds into trading accounts including Wire Transfers, Credit/Debit cards, and E-wallets like Skrill, Neteller, PayPal, etc. However, some payment methods may have specific requirements or restrictions depending on the client’s bank or other financial institutions involved.

• XTrend Funding Methods we ranked good with an overall rating of 8.5 out of 10. Fees are low, and you can also benefit from various account-based currencies.

Here are some good and negative points for XTrend funding methods:

XTrend Minimum Deposit

To initiate a live trading account with the broker, traders are required to make an initial deposit of $50.

XTrend minimum deposit vs other brokers

	XTrend	Most Other Brokers
Minimum Deposit	$50	$500

XTrend Withdrawals

Based on our analysis, the withdrawal process is both convenient and swift. The withdrawal process might take 3-5 working days, depending on your bank.

Withdraw Money from XTrend Step by Step:

To initiate a withdrawal fund from your trading account, the brokerage firm provides a set of typical steps that can be followed:

1. Login to your account
2. Select Withdraw Funds’ in the menu tab
3. Enter the withdrawn amount
4. Choose the withdrawal method
5. Complete the electronic request with the requirements
6. Confirm withdrawal information and Submit
7. Check the current status of withdrawal through your Dashboard

Trading Platforms

XTrend provides trading experience through its dedicated trading platforms, catering to both desktop and mobile users. Traders can seamlessly engage in market activities using the XTrend PC application, offering a comprehensive set of tools and features for macOS and Windows.

Additionally, the XTrend Mobile Trading Apps empower users to stay connected and trade on the go, ensuring flexibility and convenience through a range of functionalities accessible on smartphones and tablets.

• XTrend Platform is ranked good with an overall rating of 7.5 out of 10 compared to over 500 other brokers. We mark it as good since it offers advanced trading platforms, however, lacks alternatives.

Trading Tools

We found that traders have access to a diverse set of trading tools designed to enhance their analytical capabilities and decision-making processes. These tools provide real-time market data, advanced charting features, and technical analysis indicators, enabling users to conduct in-depth assessments of market trends and potential investment opportunities.

Customer Support

The broker offers 24/5 customer support via live chat, email, phone line, and social media channels. Additionally, the support team includes trading experts who can assist with technical support, analysis recommendations, general inquiries, and operational issues.

• Customer Support in XTrend is ranked good with an overall rating of 7.5 out of 10 based on our testing. The support team is responsive during working days, ensuring efficient assistance.

See our find and ranking on Customer Service Quality:

XTrend Education

In the end, the broker offers a variety of educational materials such as tutorials, videos, interactive courses, blogs, etc. These resources cover topics like market analysis, trading strategies, risk management, and more.

• XTrend Education ranked with an overall rating of 8 out of 10 based on our research. We found that the broker offers good learning materials suitable for all levels of users to enhance their trading knowledge.

XTrend Review Conclusion

In conclusion, XTrend is a reliable brokerage firm, that provides access to a diverse range of trading instruments across multiple markets. With its competitive trading conditions, efficient execution, and educational resources, the broker aims to provide a well-rounded trading experience.

Overall, we found that the firm provides a good trading environment, however, we advise conducting your research and evaluating whether the broker’s offerings suit your specific trading requirements.

Based on Our findings and Financial Expert Opinions XTrend is Good for:

• European traders
• Traders from South Africa and the African Region
• Currency trading
• Professional trading
• Investing
• Beginners
• Advanced traders
• Competitive spreads and fees
• Good education and trading tools