Xtrade Review Is it a Scam or Legit Broker 2023

All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. 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. We also ensure all reviews are published without moderation.

Technical language and terminology can be confusing with brokers like XTrade. Choosing or shortlisting a trading platform like XTrade can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform’s various features and benefits, especially with a complex trading platform like XTrade. XTrade Withdrawal fee or deposit charge is 0$ which means the broker covers transaction expenses unless your own bank or payment method requires some performance charges in case of the wire transfers.

XTrade: Account Types And Features

TradingBeasts helps individual traders learn how to trade forex, cryptocurrencies and other assets as CFDs. We actively trade, publish educational articles and news. We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns. We are also a community of traders that support each other on our daily trading journey. Xtrade supports a variety of deposit and withdrawal methods, including bank wire transfers, credit/debit cards, Skrill, Neteller, and more.

On the negative side, they are some limitations in product offering, support is not available 24/7 also international proposal is done via the Belize entity. Also, the broker doesn’t provide Islamic accounts to its clients. We findXTrade is a trusted broker with CySEC regulations. XTrade provides good trading technology with platform selection and spreads on an average-low basis, the account opening is fast and there is a selection of Forex and CFD instruments. The international proposal through performed through an established entity in Belize that allows international traders to open accounts and also get high leverage or other conditions.

• XTrade has been facilitating trade on the financial markets for over 20 years.
• If you’re interested in comparing XTrade against other popular brokers in the industry, check out our XTrade Vs pages.
• It’s crucial to do your due diligence and research the reputation, track record and trust worthyness of XTrade.
• Coinlib does not guarantee the accuracy of the presented data and is not responsible for any trading decisions.
• Below we give an overview of the account types that XTrade offer.

In the current crisis situation they are very analyzable. Right after joining this broker, checked out video tutorials, which are proposed here. Wanna note that traders should start from the very beginning, even if you have experience in trading.

Is XTrade a good broker?

If you finally get in touch they want more deposit to fix it its crazy. Now i got lucky enough to get my total money back from this company with consultsimon1964 outlook com, help and it was the best helping hand i could ever get. Mark was previously of the Kiel Insitute and has worked xtrade review with financial organisations across Europe,
Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting,
and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

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To withdraw earnings from your Xtrade account, follow these steps. Customers can open a Standard account with a $250 initial deposit. XTrade provides a high level of cybersecurity, with 256-bit standard Secure Sockets Layer (SSL) encryptions, provided by Comodo, on all transactions and website traffic.

🌐  Standard Account

The proprietary web-based platform requires no download or installation. Even from the login page the design is intuitive for newcomers while the effective trading tools have helped the platform pick up multiple awards. It’s accessible in 11 languages and offers 12 technical indicators, 4 chart styles, 9 time periods, and 17 analysis tools. There is also an integrated economic calendar, news thread and a signals service.

Their customer support team is also available on six of those days to help out their clients whenever the need arises. To achieve this, we created an account with the Xtrade platform and we funded it with real money. We then tested the platform on some of its leading services. To better understand the XTrade trading platform, you can create two separate accounts – one with real money and the other a XTrade demo account. A XTrade demo account provides a risk-free environment for experimenting with the XTrade platform’s features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in XTrade trading decisions.

Xtrade’s account types aim to cater to different levels of traders and provide them with various benefits and incentives. However, traders should also be aware of the costs and risks involved in trading with Xtrade, such as high fixed spreads, inactivity fees, and dormant account fees. XTrade provides a demo account that enables individuals to explore trading before investing their funds. By creating a XTrade practice account, users can gain experience and knowledge of how to trade effectively.

There are no renowned trading platforms and in fact there is no sense in them here. Broker managed to implement its own web trading platform and to create mobile and tablet applications. This terminal doesn’t work worse than MTs or others, they work the same way or maybe even faster. We’ve researched the MetaTrader offerings of 60+ forex brokers and found that 81% of brokers offer the more famous version of MetaTrader, MT4, while only 63% offer the newest version, MT5. We have in-depth guides on MetaTrader if you’d like to learn more; check out our guide to MT4, or read our in-depth guide to MT5.

It could take more than two business days for the money to reflect in your account. Introducing a broker without saying few words about its origin and main team is impossible to us. This information is essential as to understanding more about the broker`s reputation and experience.