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. I completely agree that XTrade should not be recommended for new traders who would think of investing their hard-earned savings using this one of world’s worst trading platform that I have used so far. I also completely disagree and would want to dispute the many positive and unrealistically excellent customer reviews that XTrade is receiving from many online review sites that I already visited prior to this site. For all of the assets provided to traders, OffersFX does not exactly equip them with profound education materials.
XTrade trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs.Some XTrade training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks shakepay review when using XTrade to trade live financial markets. XTrade tradable financial instruments are the financial instruments that are specifically available to trade on the XTrade trading platform. This refers to the different types of financial markets you can trade with through XTrade.
Yet you should calculate and cover necessary expenses since the variety of trading instruments offers different margins and spreads. The Xtrade MobileTrader App offers an intuitive and comprehensive trading experience for users who prefer to trade on the go. It includes full functionality with real-time charting, featuring all the leading technical indicators and a wide range of trading tools. For traders who prefer mobile or tablet devices, Xtrade provides dedicated apps for iOS and Android, allowing them to access their accounts and trade on the go.
The broker was founded in 2003, has 15 offices worldwide, and is registered with over 10 regulatory agencies, including in Cyprus, the Philippines, Malaysia and the UAE. XTrade does not, however, provide services to the UK, Canada and some other countries. XTrade is a little different to the usual run of Forex brokers we get to write reviews on, in that it has chosen to focus much of its attention on CFD (Contract for Difference) trading. XTrade is owned by XFR Financial Ltd, which has its main office in Limassol, Cyprus.
Regarding XTrade’s leverage offerings, regulatory requirements mean that leverage levels vary depending on the trader’s jurisdiction. Xtrade offers a more than decent level of customer support and it’s available 24 hours a day, 5 days a week, regardless of where you might be located. There is the option of sending an email, a fax or calling one of the many international telephone numbers.
Moreover, the processing time for withdrawal requests of up to 5 business days is a significant disadvantage, especially compared with other brokers in the market. Xtrade offers competitive brokerage fees, with its primary cost structure based on fixed spreads that vary depending on the account type. The broker does not charge commissions on trades, however, some traders might find that the fixed spread structure, particularly on the Standard Account, can be higher than variable spreads offered by other brokers. Xtrade provides access to its proprietary trading platform which offers limited capabilities when compared to other popular platforms like MetaTrader 4 or TradingView. The platform can be accessed via the website when using a desktop and there is no downloadable application. This makes it hard to analyze markets with technical analysis without other software that supports indicators and other technical tools.
However, some clients may express dissatisfaction with the need to disclose personal information for registration and the high minimum deposit, which is standard practice for most brokers. A plus is the ability to use a demo account without restrictions, allowing beginners to get acquainted before moving on to actual trades. Xtrade offers a proprietary trading platform called the Xtrade platform, which is available for both desktop and mobile devices. The platform features advanced charting tools, technical analysis indicators, and a user-friendly interface.
There is a fully equipped online demo account available to current and prospective clients, allowing traders to get a feel for forex and CFD trading on the platform. The account uses simulated money and once passed the login page, you can open and close positions at real prices in real markets, meaning there is no risk to capital. XTrade is a good trading platform for new traders as XTrade offer a good range of educational resources, good support options as well as a demo account. Forex trading with XTrade is a method through which to invest money which involves trading one currency for another in a Forex currency pair with XTrade.
Before investing in the XTrade platform, there are important factors to consider.Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The XTrade platform has a demo account and educational resources, but it may not be designed instaforex review for new traders so focuses less on those educational features. Xtrade began its foray into the world of online trading by offers CFDs, which meant an entirely different kind of software was required and led this broker to develop their own. Don’t be put off by this fact as it is very similar in both look and feel to many other online trading platforms.
Unlike brokers such as FXTM, Forex.com, or Axi, which offer commission-based accounts alongside spread-based ones, Xtrade only offers spread-based accounts. This may be a downside for traders who prefer commission-based pricing for greater cost transparency, as seen with other brokers like FXTM, which combines low spreads with a clear commission structure. XTrade offers a comprehensive selection of trading education resources, catering to both beginner and advanced traders. The broker’s educational offerings include courses, articles, video tutorials, and glossaries.
Traders should consider this when assessing the level of protection provided to their funds. If you want to compare XTrade with other forex brokers in more detail, go to the Forex Brokers Comparison page. Most users highly appreciate the promptness, professionalism, and willingness to assist with any issues. It is noted that support activ trades review responds quickly to requests and provides practical solutions. However, some negative aspects, such as the possible deletion of negative reviews and lack of clarity in communication with consultants, slightly lower the overall rating. Xtrade offers an extensive library of e-books that cover various aspects of trading, from the basics to advanced strategies and trading psychology.
In this article, we will examine Xtrade’s regulation, platforms and tools, education, markets, accounts, and funding methods, and provide our verdict on whether Xtrade is a reliable and trustworthy broker to trade with. In conclusion, XTrade presents stable and reliable trading conditions, with its main offerings centered on fixed spreads with no hidden fees, a powerful online-based platform, and a comprehensive variety of trading instruments. As a regulated broker, XTrade adheres to strict rules regarding client protection, fund security, and a safe trading environment. The broker’s support for traders through various means, including excellent support, zero fees on money transactions, and widely supported methods, is commendable.
Some of the XTrade trading guides and information that we found useful included algorithmic trading courses, live webinars, daily market analysis, tutorials. 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. A XTrade market order is an order to buy or sell a stock at the market’s current best available price. A market order usually ensures an execution, but it does not guarantee a specified price.
If you have experience trading with XTrade please share your personal review of the broker and what you think are strong and weak points. The spreads are not very narrow for ETFs specifically btu I don’t trade them on a daily basis.Last time it was Ultrashort sp500 etf and it was last month I think. If you have traded with XTrade we would really like to know about your experience – please submit your own review. This average customer rating is based on 18 XTrade customer reviews submitted by our visitors. 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.
Our review confirms that client funds at XTrade are kept segregated, ensuring that traders’ assets are kept apart from the broker’s own funds for enhanced security and protection. Additionally, every client account is covered by the Investor Compensation Fund. XTrade diligently monitors its operations in accordance with regulatory requirements, ensuring comprehensive security for all online transactions. The broker also implements negative balance protection, preventing traders from losing more than their initial deposit, thereby solidifying its status as a safe Forex broker. Broker Xtrade offers its clients an innovative next-generation trading platform accessible from anywhere and on any device, providing traders maximum convenience and flexibility in the trading process.
It delivers a powerful in-house trading platform that complements its institutional strength, practical expertise, comprehensive technology, and unparalleled network. Traders can enjoy alerts and notifications, ensuring they stay updated on market movements. The app provides one-click navigation, making it user-friendly, while also offering professional charting tools for precise market analysis. Swap fees are typically charged in currency pairs, commodities, and indices, and the rates can vary depending on the market’s interest rate differentials between the two currencies involved in the trade. These fees are typically calculated at the end of each trading day and can either be a credit or a debit to the trader’s account, depending on the trade’s direction and the interest rates involved.