Xtrade Review A broker with the highest spreads on major pairs starting from 5 pips

xtrade review

We filled out the withdrawal request slip and submitted it to the customer support team together with verification documents. Bank wire methods however may not be as swift as other methods. It could take more than two business days for the money to reflect in your account. Xtrade’s https://traderoom.info/ commissions and fees are below average, which may not make it the best choice for cost-conscious traders. The broker charges an inactivity fee but offers active trader discounts. The minimum deposit requirement is relatively low, making it accessible for new traders.

Account types available for traders on Xtrade

Yet, there is a spread reduction and additional education videos available for Platinum and VIP account holders. Yeah, I have heard a lot of rumors about their outdated user interface but in my opinion it is not the important thing that should be attracted by traders. I would like to highlight the variety of financial assets that Xtrade provides for traders.I’m a big fan of trading on the stock market and recently I made a great profit by closing a long position of Nvidia stock. I think it will reach 1500$ soon or later and it doesn’t matter that the stock is too expensive, people are ready to buy this stock whenever.

How do I know I can trust these reviews about Xtrade?

xtrade review

It delivers a powerful in-house trading platform that complements its institutional strength, practical expertise, comprehensive technology, and unparalleled network. Xtrade is regulated by the Australian Securities and Investments Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC). All security measures seem in place including negative balance protection, segregated accounts for client funds, and membership in an investor compensation fund.

What is the minimum deposit for an XTrade account?

Depending on the account type of a trader, Xtrade supports both variable and fixed spreads. Traders on platinum and VIP therefore get lower spreads as compared to those who use standard and premium accounts. However, the trader will have a better price offering from the XTrade broker as long as the 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, and 2 pips in the VIP account. The trading conditions won’t be different and features the same support, education, news, and available numerous signals.

Brokers By Licenses

The broker also presents interesting alternatives like Shares, ETFs, and Bonds. This alone has opened opportunities to traders and investors from various markets. XTrade supports all the leading payment transfer methods for both deposits and withdrawals.

Is XTrade a legitimate brokerage company?

XTrade account managers will keep asking you to top up your account. Need to print out form, sign and email back every time want to withdraw. I do not have enough experience to say that I want to trade some complicated and volatile instrument, so I trade the currencies…

xtrade review

To choose a suitable broker, there are certain services that must be put into consideration. These services are the key to successful trading on any brokerage platform. As a brokerage firm with a high reputation, we wanted to confirm if these services worked to perfection. To do this, we created an account with Xtrade and funded it with real money and tested a variety of services.

Their security systems are tight, enabling them to protect user funds from hackers and other harmful malwares found online. 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 about how to use tool smartly.

  1. For those making smaller deposits the bonus level is 20%, but it climbs up to 60% if a deposit of more than $5,000 can be made.
  2. Well, at least the broker states that it does not require deposit and withdrawal commissions.
  3. That happens when I am looking for some helpful information on forums.As a result, I highly recommend studying these training materials.
  4. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

Well, at least the broker states that it does not require deposit and withdrawal commissions. Several attributes claimed as their distinctive advantages including strong financial resources, quick and efficient withdrawal process, cutting-edge platform technology, and worldwide customer support. Xtrade supports a variety of deposit and withdrawal methods, including bank wire transfers, credit/debit cards, Skrill, Neteller, and more. The minimum deposit amount is $100, and the minimum withdrawal amount is $20. Xtrade provides a comprehensive education center under the appropriate e-link on its website. Xtrade provides several research tools and resources including daily news and analysis to help traders plan their trading strategy, a financial calendar, daily analysis videos, and calculators.

I don’t think I have ever seen this number of assets in one place.It includes some rare instruments like government bonds. 5,10 or 30 years US treasury bonds as well as the EU long-term fixed income assets.In general I think it can cater the needs of all traders or investors on the market. I suggest making their custom trading platform available for download as well, instead of being solely a web-based app. I’m talking about the desktop app…From my relatively short experience on this platform, I can say that it functions flawlessly. The app is fast, and I like its interface.However, there’s a widely held belief among traders that having the trading engine installed on your device makes it more stable and likely faster compared to web-based apps.

Xtrade has a rating of 4.3 stars from 94 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with Xtrade most frequently mention government bonds, trading conditions, and minimum deposit. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. Xtrade is quickly becoming a favourite among trader due to its constant availability of high quality services. Although it is not available in certain areas such s the US, UK and Canada, Xtrade allows its customers to access a range of financial instruments on their platform.

xtrade review

In addition to educational materials, there are several key market research tools offered. Some of them are free for all traders and some require certain trading account types with a substantial deposit. The economic calendar and currency converter is free for everybody. Daily market news and 1-on-1 trading platform lessons are free for all account holders.

XTrade is another Forex broker with a lot to offer both new and seasoned Forex traders. And there will be plenty of you reading this XTrade Forex broker review who will be overjoyed to learn about some of the XTrade bonuses and offers (Not valid for EU traders, T&C apply). There is an XTrade first deposit bonus of up to https://traderoom.info/xtrade-forex-broker-overview/ $6,000, XTrade bonuses for phone and account verification, as well as up to$120 first trade on them. And if you stick with them for at least 7 days there is an exclusive offer of 77% bonuses on all subsequent deposits. Overall, Xtrade is a trustworthy and reliable broker that provides traders with ample digital tools.

As you can see, Xtrade has taken the benefit of offering bonuses fully onboard and offer a great array of special offers. But as you can also tell there are a number of onerous terms and conditions, which is what often trips people up. Nevertheless, as long as you take the time to read the special conditions and understand what is involved these bonuses are definitely worth considering. John Stuart is the editor’s chief of BrokerTrending and our expert broker.

They use the WebTrader platform which is easy to use for most traders and offers a wide range of educational and trading tools. Traders get access to daily news on the market trends, market analysis and an economic calendar to show them events that are likely to have an impact on certain parts of the economic world. These tools give traders knowledge on the assets to trade and stocks to buy.it also helps the traders top make better decisions in the trading process. We placed a buying order and our request was processed instantly. Similarly, we set a selling order and our request was approved in seconds.