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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

Xtrade Review

5
3 reviews
PAYMENT SYSTEMS
  • Deposit
  • Withdrawal

Xtrade general information

Founded in: 2007 year
Headquarters:
Cyprus
Minimum Deposit: 100 $
Website languages:
English, Hungarian, Danish, Spanish, Italian, Chinese, Deutsch, Polish, Portuguese, Russian, Swede
Execution model:
MM
Deposit currency: USD, EUR, GBP, AUD, RUB
Support languages:
English, Hungarian, Danish, Spanish, Italian, Chinese, Deutsch, Polish, Portuguese, Russian, Swede
Regulated by:
ASIC (Australia)
CySEC (Cyprus)
CONSOB (Italy)
Mobile trading: iOS, Android, Windows Phone
Affiliate program: Not

Xtrade Forex broker description

Xtrade is a renowned online Forex trader with years of experience in the field. The broker offers trading in a wide array of instruments. That is commodities, indices, CFDs, and shares. The headquarters of the broker is in Cyprus and is also regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker is also regulated by other international bodies like (FSB) South Africa, IFSC (Belize) and ASIC in Australia.  Xtrade is additionally an award-winning broker, which speaks volume about its reliability. Xtrade gives equal opportunity to all classes of traders and offers training services and coaching to traders with no much experience through its Education Center, video tutorials, and ebooks and so on.

Trading Accounts

Standard account

Among Xtrade’s trading accounts is the standard trading account. A minimum deposit of $250 characterizes the account. The account comes with both the desktop and mobile trader. If a trader opens the standard account, he can get an additional benefit of interacting with a demo account. It makes it suitable for the beginners as it gives them an opportunity to find their way around the trade risk-free. A trader with the standard account also has access to an economic calendar and daily market reviews via video.

Premium account

To open a premium account, the trader is required to make a minimum initial deposit of $1000. The account is available for desktop and mobile traders and comes with a demo account. The premium account also has access to an online calendar and market reviews with one on one training offered on the platform. Among the other benefits that come with this account is spread reduction and a welcome bonus for new accounts. The trading platform used in this account is MetaTrader4.

Platinum account

The platinum account has a minimum deposit of $5000. It also comes with a demo account, a welcome bonus, on platform training, spread reduction, and VIP deposit bonuses. The platform used on this account is the MetaTrader4.

VIP account

The VIP account requires a minimum deposit of $20,000. The additional benefits that the account comes with are an individual trading strategy and support, corporate gifts and priority account and payment processing.

About Xtrade and the Security of Funds

Being under the regulation of CySEC, the broker is governed by specific rules that aim at protecting the traders’ assets. The broker is required to uphold a minimum of £730,000 to prove that it has good financial grounds. The broker is also mandated to keep the clients’ funds in segregated accounts to prevent the broker from using it in their operations. The broker also has a compensation fund in place. In case the broker goes bankrupt, it is in a position to pay up to £20,000.

Xtrade is also under stringent regulation which offers a guarantee to the traders that their assets are in the right hands. The broker is also MiFID compliant: which should clear all doubts if any.

Trading conditions

Minimum Initial Deposit

The minimum investment required to be made by traders interested in Xtrade is $100. It may be considered average if a comparison was to be done with other brokers in the market. However, other brokers require less than the amount.

Leverage

Xtrade offers the traders minimum leverage of 1:400. It is a familiar figure in the forex market. However, it is essential for the traders to note that the higher the leverage, the more substantial the risk of losses. Nonetheless, Xtrade offers good leverage as most of the traders provide a minimum of up to 1:500.

Spreads and commissions

As an Xtrade forex trader, you get to benefit from trading free of commission. More so, the spreads at Xtrade are fixed. The spreads amount to 2 pips for the USD and EUR.

Trading Platforms

Xtrader Pro

The Xtrader Pro platform is used by traders with the standard account. The platform is web-based and comes with mobile versions too. The advantages of the platform are that it has a user-friendly interface. More so, it is equipped with trading tools that aid the trader in analyzing the condition of the markets. The tools are technical analysis indicators and charts.

The platform has also eased order execution as the platform has automated features that allow the traders to make orders at the most convenient times.

MetaTrader4

MetaTrader4 platform is available for the premium, platinum and VIP accounts. It is one of the most popular trading platforms. The platform is suitable for users with varying skills and experience in Forex Trading. It also allows traders access to mobile trading apps and offers the clients an exceptional user experience. It is a flexible trading platform that also offers the traders an opportunity with Expert Advisors (EAs).

Promotions

The broker has promotional campaigns running from time to time. For instance, new accounts are offered attractive welcome bonuses. The broker had bonuses for Black Friday whereby traders registering with the broker got $250. For the welcome package, the trader receives a first deposit bonus that goes up to $6000. Traders also get $25 cash bonus on phone verification, $120 cash bonus for a first trade and $30 cash bonus for account verification. The broker has more attractive promotion packages that you should look out for.

Among other benefits that come with trading with Xtrade are a no-fee charge on deposits and withdrawals. The withdrawals are also approved in less than five days. The broker offers the traders several options of transacting, which is making deposits and withdrawals. Credit/debit cards are allowed, PayPal and Webmoney to mention a few.

Briefly about Xtrade

Xtrade gives traders the opportunity to a fantastic experience in the Forex market. The broker is reliable which is owed to the regulatory measures put in place. Traders get to enjoy commission free trading and bonuses. For beginners, they get an opportunity to learn through the educational programmes put in place. You do not have to worry about how to execute payments as you have unlimited options. The mentioned are among the many reasons as to why you should trade with Xtrade Forex brokers.

Trading accounts of Xtrade

  • Standard
  • Premuim\Gold
  • VIP
Trading platforms: Web Trader
Minimum Deposit : 100 $
Deposit currency :
USD - US Dollar
EUR - Euro
GBP - British Pound
AUD - Australian Dollar
RUB - Russian Ruble
Trading instruments:
Minimum position size:
0.1 лотов
Maximum position size:
5000000 лотов
Max. number of orders:
40
Execution type:
Instant Execution
Swap Free:
Yes
VIP Account:
Not
Spread type:
Floating
Decimal places:
4 characters
Margin Call:
0.8 %
Locked Margin level:
0.1 %
Speed ​​of execution:
0.5 sec.
Commission:
Not
Phone trading:
Not
Trading platforms: Web Trader
Minimum Deposit : 1000 $
Deposit currency :
USD - US Dollar
EUR - Euro
GBP - British Pound
AUD - Australian Dollar
RUB - Russian Ruble
Trading instruments:
Minimum position size:
0,25 лотов
Maximum position size:
5000000 лотов
Max. number of orders:
40
Execution type:
Instant Execution
Swap Free:
Yes
VIP Account:
Not
Spread type:
Floating
Decimal places:
4 characters
Margin Call:
0.8 %
Locked Margin level:
0.1 %
Speed ​​of execution:
0.5 sec.
Commission:
Not
Phone trading:
Yes
Trading platforms: Web Trader
Minimum Deposit : 10000 $
Deposit currency :
USD - US Dollar
EUR - Euro
GBP - British Pound
AUD - Australian Dollar
RUB - Russian Ruble
Trading instruments:
Minimum position size:
1 лотов
Maximum position size:
5000000 лотов
Max. number of orders:
40
Execution type:
Instant Execution
Swap Free:
Yes
VIP Account:
Not
Spread type:
Floating
Decimal places:
4 characters
Margin Call:
0.8 %
Locked Margin level:
0.1 %
Speed ​​of execution:
0.5 sec.
Commission:
Not
Phone trading:
Yes

Contacts of Xtrade

Headquarters
Кипр , LimassolVasileos Konstantinou, 140
show on the map
+8 10 8002 6891012

Recent customer reviews of Xtrade

Philip Dawe 16 March 2019

Advantages: none

Disadvantages: withdrawal problem

Comment: I'm here to enlighten all binary option and crypto currency investors who has been scammed, lied to, and deceived, Its about time for you to recover all you have lost,If you want good profits for your money/investments, then enroll with my self, Am proud to say i'm one of the trader who has all the strategies and software to trade and make good money you can Invest with as low as $800 to $2500 and make good profit daily and within a week with a well managed account.Contact me for more details and procedures and let me help make binary and Bitcoin trade a profitable and honest venture for all traders you can in-box me at philipdawe8@gmail.com,

Bethany Stone 05 February 2019

Advantages: exellent

Disadvantages: non

Comment: xtrade is one of the platform i tried that gave me best experience

Ashley Tharma 29 January 2019

Advantages: I like there platform

Disadvantages: didnt found any till now

Comment: Hi there .i think this is the best retail broker you can. I like there platform I traded with it for an investor from Albania .it is secure sold and fast in execution and spreads are so small you can scalp easily .although you need to practice at first on it require flash as i remember and most trader in Europe professional one use it i think we don't see comments because they are really satisfied .u can use it to trade large volumes i used it to trade from 10 - 30 lots per trade it was great days.

Xtrade categories


Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.