It provides a unique offering of proprietary trading platforms and a variety of trading options. Xtrade, established in 2003, provides an average offering in forex and CFD trading. The broker has a trusted regulatory rating but falls short in key areas like commissions and fees, making it less attractive for most traders. 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.
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Xtrade also offers educational resources, market analysis, and customer support to help traders succeed in the markets. Xtrade offers its clients a proprietary trading platform that is designed to be user-friendly and innovative. The Xtrade platform allows traders to access a wide range of markets and instruments, such as forex, commodities, indices, stocks, and cryptocurrencies. The platform also provides advanced features and tools, such as real-time charts, technical indicators, trading signals, market analysis, and automated trading. The Xtrade platform can be accessed via web browser, mobile app, or tablet app, depending on the trader’s preference and convenience.
Promotions and XTrade bonuses for all
When you trade with XTrade there are two available accounts to use for trades with real and virtual money. The first is a Standard account with a minimum deposit of $100, so this is a great option for the beginner. But for those who would prefer to take things a little slower, there is the option to get in some practice with a demo account. CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument. There are multiple account types available that are sorted into tier lists with increasing minimum deposit requirements.
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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 of Gold CFD is $1,200.50. The international brand that serves worldwide clients XTrade International operates in various jurisdictions through its license obtained by the Financial Service Commission in Belize (IFSC). It goes against our guidelines to offer incentives for reviews.
- E.g. to open a new position at equity, the account must exceed the trade’s initial margin level requirement.
- Coinlib does not guarantee the accuracy of the presented data and is not responsible for any trading decisions.
- Yes, broker offers its customers excellent training materials.
- I kicked off with $1000 and already boosted it up to $1500 due to constant trading and ongoing analysis of the price movement.
- We use proprietary AI technology to assist in some aspects of our content production.
Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. The minimum deposit required to open an account is $250 while the minimum position size is 0.01 lots. I like the fact that they provide a lot of ways to make deposits and withdrawals. I didn’t have any problems with transferring money but transactions are kind of slow for me. This average customer rating is based on 6 XTrade customer reviews submitted by our visitors. Compare the markets and instruments offered by XTrade and its competitors.
There is a maximum deposit limit of $15,000 for payment cards, though there is no limit on wire transfers. Traders can use tens of domestic e-wallets and payment providers, https://traderoom.info/xtrade-forex-broker-overview/ including UnionPay and Neteller, each with their own maximum deposits. The CFD investment broker is owned by XTrade Group Limited and is headquartered in Limassol, Cyprus.
In terms of resources, Xtrade provides its users with various trading tools. Whether it’s the MT4 platform or the WebTrader trading platform, users can access https://traderoom.info/ various trading tools such as the economic calendar which keeps traders updated. It doesn’t require any installation and it can be used by any trader.
XTrade also has a branch in Italy, regulated by CONSOB, as well as being regulated in Australia by ASIC. A well-known name for all you football lovers was brought on board in 2016, when Cristiano Ronaldo became the official ambassador. Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market. It is actual stock market indexes that measure the value of a specific section of a stock market.
As a result, I would not park a substantial amount of money with a broker in such a predicament. Xtrade is a broker with some interesting prospects, especially after its new platform overhaul. During my testing, I developed a keen admiration for its newly redesigned mobile app, despite limited features, since trading signals were well integrated and the overall user experience stands out. But in a more troubling recent development, the cancellation of its Australia license is concerning and puts Xtrade at a disadvantage compared to more trusted brokers. Xtrade, also known as OffersFX in Europe, has recently upgraded its trading platform, offering a redesigned web and mobile application, and providing access to nearly 500 tradable CFDs across multiple asset classes. The mobile application has improved significantly and the integration of trading signals is implemented well.
Here are the current choices, if you’re considering choosing Xtrade for your broker. Culy, They offer mobile trading applications for Android, iOS devices, and Windows phones. 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. Trading in FX and CFDs involves risks of loss due to the leveraged nature of the trading. The information contained in the Xtrade website and disclosure documents is of a general nature only and does not consider your personal circumstances, financial situation, or needs.
Xtrade provides trading through the Xtrade Webtrader platform which is its own in-house trading platform trade is the operating body of Xtrade.AU Pty Ltd. with an Australian Financial Services license. Trading successfully relies heavily on knowledge and understanding of the markets, therefore research options offered by brokers form an integral part of its features when choosing the right company to trade with. The platform is also available on a mobile multi-asset trading app that includes full-featured functionality, real-time charting with all the leading technical indicators, and extensive trading tools. Forex brokers often lure new traders with offers of deposit bonuses. This can be useful, but it is essential to discern what the conditions are to really benefit from a bonus. The broker connects counterparties with market-leading traditional trade for CFDs on shares, commodities, forex, and indices.
As a result of this, traders on the Xtrade platform can easily transfer money without any security challenges. Funds can be withdrawn without any issues, and who doesn’t want that? Verification of your account is very important before withdrawal of funds. Therefore it would be wise for you to have all your verification documents with you before opening an account with Xtrade. The three services we reviewed are crucial to the success of any trader and Xtrade has provided them to its customers satisfactorily. Based on this, we can recommend Xtrade as your brokerage platform to trade forex, crypto, stocks indices, metals and commodities.
The XTrade minimum deposit is $250, 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. N addition to the equities, They also allow their customers to trade major commodities like Gold and Silver. However, the largest collection of trading instruments offered by them is the Forex currency pairs. Xtrade is a global CFD broker that offers online trading services to retail and institutional clients worldwide.
You are then logged into the online trading platform, can make a deposit, and start trading. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Yes, Xtrade offers free demo accounts through its various subsidiaries alongside the option for a live account and includes the ability to switch between both directly within the platform. I’ve made sure that it’s trustworthy and has nothing to do with scheme schemes I’m always afraid for.
The platform is available in multiple languages, including English, German, Danish, Spanish, Portuguese, Italian, Russian, Norse, Romanian, Indonesian, French, Chinese, Dutch, and many more. Spreads and leverage are published on the website for every asset choice. Traders should consider their spread preference before choosing the account type they wish to use.
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