Xtrade Review 2024 Is Xtrade Legit or Scam Broker ️

xtrade review

Probably, we are in the new cycel of bull market for gold and equities.Not delaying the action, I opened long positions on gold and several stocks. All was done here on Xtrade.Xtrade is that broker that is ideal for such operations. The leverage is ample enough and the trading conditions are attractive. Xtrade is a reliable broker cuz if I am not mistaken they have been in this industry for over 10 years and I have no worries about the safety of my funds.

  1. The minimum deposit requirement is relatively low, making it accessible for new traders.
  2. We use dedicated people and clever technology to safeguard our platform.
  3. Bank wire methods however may not be as swift as other methods.
  4. Certainly I heard before about government bonds and how their value impress currency trends, but never traded them.
  5. As an innovative company, this financial firm was one of the first brokers to offer Forex trading via Contracts for Differences (CFDs).

Alternative Brokers

The broker offers solid amount of cryptocurrencies for trading. There are such cryptos as bitcoin, bitcoin cash, litecoin, dash, ethereum, ripple and many other interesting assets. The presence of such rare assets like stocks or long term government bonds is truly astonishing.I don’t think I know any other broker who provides bonds for its clients. By the way bonds are not valuable in and of itself, they are great in combination with equities to create a strong, diversified investing portfolio. Yes, XTrade offers a demo account with all the capabilities and options available with a real money account. XTrade uses a fee structure with zero commissions, only taking money from spreads.

How can I deposit and withdraw funds with Xtrade?

However, traders should be cautious of the high trading fees and limited leverage. There are several good sources of education on the Xtrade website. Video tutorials offer a unique opportunity for newbies to learn by example and watch educational videos explaining various Forex trading peculiarities. Courses are more advanced and will enable students to understand the fundamentals of financial markets and how to trade. Their blog is a great place for beginners to read other traders’ and students’ posts and deepen their knowledge and also ask questions to other students and experts. There is an additional Forex education that offers a basic intro to Forex trading for absolute beginners.

Trading Conditions

Quick trading platform, well-developed learning center with glossary, articles, news section and other tools, responsive customer support which is ready to help you any time.So, there is nothing to complain about. Perhaps, this company isn’t popular among trader, but, it’s worth trading here, I bet. There are some drawbacks, for example, lack of MetaTrader platform, but you quickly get used to Xtrade platform. Guys have been in the industry for 20 years and this means it’s a rock solid broker. Moreover, they offer pretty delicious trading conditions, like big leverage for some assets or not so high requirements for minimum deposit. I kicked off with $1000 and already boosted it up to $1500 due to constant trading and ongoing analysis of the price movement.

What about customer service?

At this point I can be confident in the safety of my funds and the probability of their bankruptcy I think 0% percent. By the way, I was surprised to find out that they provide bond assets for trading and it is admirable of them. https://traderoom.info/ As well as their award-winning trading platform, XTrade offers several extra features to its clients. There is a fully populated economic calendar and news stream that can be accessed via the website or through the platform.

xtrade review

These include Visa/ Mastercard, Bank transfer, ePay, EUTeller, Neteller, PaySafeCard, and a number of other country specific methods. Withdrawals are processed using the same method used for any deposit made. The minimum withdrawal is 150EUR, but this can vary depending on country. Funds can be deposited in USD, EUR, GBP, CAD, AUD, and a few other currencies. Before making a withdrawal a trader has to have their identity verified, and there is no minimum amount. XTrade makes no charge or fee on either withdrawals or deposits, but there may be a charge for overnight trades, and if an account has become inactive.

xtrade review

Xtrade also offers several courses tailored for beginner and advanced traders. There is a detailed glossary with over 90 Forex and CFD trading terms and their definitions. Before starting to trade, potential Xtrade clients should arm themselves with all possible information and trading skills needed to be successful in the world of forex and commodity trading. If Xtrade’s website itself does not provide enough means, a trader should explore other information sources to obtain that skills and knowledge. As with currency exchange markets, commodity markets offer trading in contract-based tradable goods.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.

Account owners are the only people who can access accounts, and this is possible only after verification, so don’t worry, everything is okay with Xtrade. Xtrade has established individual client accounts and does not mix client assets with its company assets. Through https://traderoom.info/xtrade-forex-broker-overview/ this separation of company and client funds, Xtrade has ensured that traders can have access to their money whenever they wish. Since Xtrade banks with International banking institutions, clients’ funds are safeguarded by the reputable EU Credit Institutions.

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. Xtrade offers the flexibility to trade with high, low, or no leverage at all. You can control your Equity by depositing or withdrawing funds and you are able to control your Total Position value by opening or closing positions. You can view your Equity and other important information under the My Account Bar on the left side of the Main Page.

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