Is XTrade a scam? Reviews

Before opening account here I was deeply involved into legal, terms and conditions a of company. Registration and regulation of broker has no questions. xtb review I’m newbie to trading and had very little money to start. Minimum deposit of 250 bucks was a good deal because there is no deposit fees.

Generally, the company XTrade is one of the major and most stable companies in the international financial sphere. XTrade provides the substantial sums of bonuses for new customers. Depends on deposit the bonus sum may vary up $50 to $6000.

Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts. Having read countless Xtrade reviews, I am unsure if I should trust the company. It seems that there are many reasons to be skeptical.

xtrade review

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. The most expensive trading environment in the industry, a below-average asset selection, and a sub-standard trading platform are the unique features that stand out at Xtrade.

Yet, be sure you learn differences about regulations and conditions well. THe Xpoint bonus system offered by the XTrade brokerage is a kind of a cashback. THe more trading volume I place, the more points I get and the more funds I return from the brokerage commissions at the end of the day. This is a very cool bonus system as it allows me to save a lot of funds. Another reason for me to join this broker, the reason I learned from Xtrade reviews, was no withdrawal fees. I often withdraw money and this fact helps me to save money because I don’t sacrifice a part of my gains when withdrawing money with this broker.

However, once I started to trade here I started to pay more attention to other things such ETFs and government bonds. As of now I still mostly trade indices as well as currency pairs, but I also added government bonds and ETFs to my list of favorites. First, for two months here nothing bad happened to me. That’s good because you know any broker today can be a scam. Secondly, I got familiar with government bonds here for the first time.

Xtrade: Safe Trading Broker for Experts and Newbies Alike

In this Xtrade review we should definitely mention the client support on the website. Xtrade support agents are ready 24/5 to help in the great variety of issues. The customer support can be reached via live chat, phone, email or phone. 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 some information lacking on the broker’s website such as additional fees, and deposit currencies, but these can be cleared up by contacting customer support. The XTrade company offers a great number of possible financial tools, which fit both for newcomers and experienced customers. The company’s financial tools include a demo account for training.

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The tools are technical analysis indicators and charts. Before that I tried to trade with different brokers, but I was not satisfied with something. At first I opened a demo account and got to know their proprietary web trader trading platform. I liked this trading platform for its speed of execution of orders and intuitive interface. I can say that it took me no more than an hour to get to grips with the trading platform.

They only have one top-notch platform which counts millions of users and has a great reputation. It is equally suitable for beginners and experts alike thanks to its simple yet highly customizable interface. Then they disappear you can’t withdraw your deposit back because of registration incomplete due to uploading error. Compare broker See what benefits one offers over the other. Find Your Broker We helped new traders to find their path. This broker did not score well during our testing process and is not recommended by our experts.

xtrade review

Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it. Neither does the broker charge commissions on trades. 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. On the company’s website, it is not indicated in what currencies accounts can be funded.

Related Reviews

Basically an ETF is a diverse collection of entities which gives it more stability over time. It means that xtrade can be considered for long-term investments also. 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.

Does Vault markets have mt4?

Our MetaTrader 4 platform supports multiple account base currencies including USD, EUR, GBP, SGD and PLN is available in over 30 different languages.

Traders can reach out customer team through live chat, email or phone lines, also due to international coverage, there is multilingual support and centers that run 24/5. In the end all the platforms and trading conditions are derivative to the broker’s reputation and security of funds. Xtrade can be considered as a completely reliable and established forex broker. Company offers web-based platform for online trading. Broker doesn’t have any applications that need to be installed on your computer. I didn’t find out how to use it right away because I used MT4 to trade before.

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

So, to make a trading decision on them you need to analyze their chart. Then I found quite a few reviews about it – most of them were positive, so that influenced my decision and I opened my account. Something weird has been happening with crypto lately. I need to adjust my strategy according to high market volatility. However, using a trustworthy service such as MyChargeBack is critical in this endeavour as a typical chargeback process can often be complex and drawn out without the right guidance. After signing up, you may also receive occasional special offers from us via email.

We know you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country. There is no set minimum for withdrawals, but traders must instaforex review verify their identity, credit/debit card and address before making their first withdrawal. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.

Does Xtrade have fees?

A Dormant Account Maintenance Fee of up to $100 USD per month is assessed to Xtrade accounts that are inactive for one year or more.

Sure enough trying to withdraw the profits should also be the part of this experience. Once our finance teacher told us about currency trading, about basic economic processes and their influence on currency rates. He told us that with the advent of the Internet currency trading was available to everyone. No, he did not advise us to invest our own money there, he just advised us to open a demo account and see clearly where and how the most important world processes took place. Of course, at the first stage it seemed to me that nothing would work out, but I still opened an Xtrade demo account. The trading platform is not as complicated as I thought, but some things are still hard to understand.

Its products

On the other hand I feel comfortable trading cross pairs and exotic pairs and therefore my percentage of profitable trades is higher than what I demonstrate on majors. What characterizes their trading platform is that the web version works equally well with the desktop version. Therefore, all you will have to consider for trading is the broker’s spread. Finally, I think that a broker has to deliver fresh analysis and actual market updates for its clients.

I have good trading experience, but I only know a couple of honest brokers, one of them is xtrade broker. Precisely because I trust the broker, I have a platinum account here with a minimum deposit of $5000. This account gives me reduced spreads, a personal account manager, and access to tutorials. I don’t think its fair that the size of the spread depends on the size of deposit though. Xtrade’s trading platform provides a number of tools for traders. Its economic calendar keeps you up to date on market events.

The broker offers the market fixed spreads between the buy and sell prices and no commissions. XTrade provides good trading technology with platform selection and spreads on average-low basis, the account opening is fast and there is selection of Forex and CFD instruments. 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. All in all, it is sutable broker and has dozens of useful trading tools. Among all software solution architects I hope this one will be helpful.

I registered a trading account here because my friend recommended me it. By the time I joined that broker I traded currencies and metals only and I continued to trade this stuff with the broker. However, later I noticed they it offered ETFs and government bonds. These assets interested me and I started to trade them.

Terms of trade with XTrade

Swap-free accounts are available for Islamic traders. Further again, there are many premium account options, not just one, unlike Xtrade. The eToro clients don’t even pay a single cent for copying trades. In comparison to Xtrade, the minimum deposit guarantee for eToro traders extends up to GBP 50,000 as per the UK’s Financial Services Compensation Scheme and 20,000 Euros under the ICF of CySEC. The minimum deposit is just USD 50, as against USD 200 in the case of Xtrade. Additionally, eToro runs ops through its WebTrader platform and has a friendly app version.

At second glance, you see that it has everything you need including a normal set of tools for analysis — technical of course, so everything suits me fine. New traders have access to 21 courses with numerous lessons in short video format of often less than two minutes. The fixed-spreads at Xtrade are the highest in the industry.

Some people have lost all of their money with the company, and I’d like to find out the truth about this controversial brokerage. Here’s a Xtrade review that will help you decide whether or not to trust the broker. Listed below are the benefits and downsides of trading with Xtrade. 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.

This means that your money is separated from the firm’s. Hence, there is no risk that your funds will be used by the firm or go elsewhere into someone’s pocket. XTrade FX broker does not charge any extra commissions or fees, except for the spread.