Xtrade Review

Xtrade offers a more than decent level of customer support and it’s available 24 hours a day, 5 days a week, regardless of where you might be located. There is the option of sending an email, a fax or calling one of the many international telephone numbers. Education also seems to feature very high on the list of priorities with an extensive range of tutorials, courses, and entry to the Xtrade Academy. XTrade allow traders to trade financial markets on iOS, Android supported mobile devices.

These include live market updates, advanced charting capabilities, technical indicators and automated trading systems. With these features at your disposal, you can gain insights into market trends and capitalize on potential opportunities quickly and efficiently. Since the spreads are exceptionally high, it is recommended that traders avoid trading with Xtrade as many popular brokers are offering much lower spreads than 5 pips on EUR/USD. The broker is regulated, but the spreads are ruining the ability to make money when trading under these conditions.

XTrade Review 2024

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. 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. This can be useful, but it is essential to discern what the conditions are to really benefit from a bonus. It does, however, charge an inactivity fee of $ 50 per month should the trading account become dormant after there has been a lack of activity for three consecutive months.

We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. All client accounts are also opened under the Investor Compensation Fund (ICF), which covers traders up to €20,000, should the broker be unable to pay out winnings. Many of the additional tools, such as Autochartist signals and economic calendar are also available on the mobile platform and receive good reviews.

However, Xtrade is no longer licensed by CySEC (Cyprus) or ASIC (Australia), which are considered reputable regulatory authorities. This shift may raise concerns for traders looking for more stringent regulatory oversight. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an https://traderoom.info/xtrade-forex-broker-overview/ account is active.

1. XTrade market orders are popular as they are a fast and reliable method of either entering or exiting a trade.
2. The broker provides competitive fees, a user-friendly platform, and access to a variety of financial instruments.
3. Trading fees on XTrade are taken in the form of the spreads XTrade offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on XTrade.
4. I have been on this platform for almost a year now, and have my gripes with it.
5. XTrade offers a wide range of payment methods that vary for clients from different countries.

One account choice for real money as well as a free demo account

Nevertheless, detailed information about the average spread values is always available on the official website in the section describing the trading instruments. Besides that, the asset amount is pretty impressive too and everyone can find a product that suits them. Depending on the account type, Xtrade supports both fixed and variable spreads. 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.

This average customer rating is based on 17 XTrade customer reviews submitted by our visitors. There are also daily market analysis videos uploaded both to their website and YouTube channel plus calculator tools available for Pivot, Fibonacci and deal size calculations. 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, including UnionPay and Neteller, each with their own maximum deposits. Leverage is a unique opportunity to magnify trading potential using the tool of multiplier. 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 the tool smartly.

Trading Platforms and Tools

We recommend keeping an eye on the broker’s current promotions and offers to take advantage of favorable conditions for creating. In compiling our review and assessment of the XTrade broker, we relied on our unique methodology, developed explicitly for analyzing and comparing brokerage firms. This methodology is based on several key indicators, including the quality of services, offered instruments, trading conditions, and customer reviews. If you want to learn more about how we conduct the evaluation, you can familiarize yourself with our broker evaluation methodology. Overall, Xtrade offers outstanding customer service which makes them one of the top choices among traders today. Their fast response times, friendly staff and comprehensive knowledge base make it easy for customers to get help when they need it most.

Mobile Applications

The broker provides competitive fees, a user-friendly platform, and access to a variety of financial instruments. Its flexibility, combined with a range of account options, caters to different trading strategies. Additionally, Xtrade supports traders with educational resources and a demo account, allowing them to enrich their skills before trading live. Xtrade began its foray into the world of online trading by offers CFDs, which meant an entirely different kind of software was required and led this broker to develop their own. Don’t be put off by this fact as it is very similar in both look and feel to many other online trading platforms.

1. Additionally, their customer service team is available 24/7 via phone, email, or live chat to answer any inquiries that customers might have.
2. A XTrade web trading platform is a piece of software that is used for trading.
3. They offer basic online educational tools including video tutorials, forex courses and an economic calendar.
4. While some bonds are traded publicly through XTrade, most trade over-the-counter between large broker-dealers like XTrade acting on their clients’ or their own behalf.
5. The broker also presents interesting alternatives like Shares, ETFs, and Bonds.

If you want to add funds to your account on Xtrade, there are a few simple steps you need to follow. You need to access the dashboard and click on the ‘Deposit’ option provided.The next step is to select the payment method you prefer to use. Next, you need to enter the amount you wish to deposit and then submit the application. If you choose bank wire transfers, you should know that it could take a day for the funds to be reflected in your account. There is a premium fee, a spread fee and there is also an inactivity fee, which becomes applicable if your account is left dormant for three months. Thus, you need to give some thought to your spread preference when you are choosing an account type.