Xtrade Review Fair and Proper Review of the Forex broker

xtrade review

He has been in the online trading business for over 12 years, and he knows everything there is to know about the stock and forex market. When he’s not giving advice to the top investors, John can be found spending time with his wife and two children. They offer basic online educational tools including video tutorials, forex courses and an economic calendar. All fees are charged as spreads, which happen to be fixed and range between 2-5 pips.

Xtrade Review 2023: Pros, Cons & Key Features

  1. No, Xtrade No Depsit Bonus is not available at European entity at any time and SA or International branches may run some promotions on a partial basis.
  2. There is also an expansive glossary to help traders cut through any unfamiliar jargon.
  3. Everything was because of quite restricted leverage for trading cryptos, but then I dug the essence.
  4. I like the fact that they provide a lot of ways to make deposits and withdrawals.

Forex trading in XTrade is presented with Fixed Spread from 2-5 pips with no commission. I appreciate it has a nice trading platform with a friendly interface. Besides that, the asset amount is pretty impressive too and everyone can find a product that suits them.

xtrade review

About the Editorial Team

xtrade review

Every trader gets access to the full range of instruments, web and mobile platforms, plus educational centre. This does mean, however, that less favourable spreads can’t be avoided like they can with many tiered account structures. The MT4 is the most popular trading platform in the industry because of its multiple features. On Xtrade, it is available for Premium, Platinum and VIP account holders.

Does it make sense for a beginner to trade government bonds?

Clients have many options to deposit or withdraw the funds, however, clients should check whether the particular option is available in their location. In terms of the XTrade leverage offering, as there are two main regulatory obligations the clients of different jurisdictions will fall under specific levels of leverage. Take a look at the website of this experienced and reputable Forex broker and you’ll soon get https://traderoom.info/ a feel for the reasons it has become so popular. It’s good to trade nearly everything and it’s the first broker I started to trade bonds with. Potential traders need to do as much as possible research about speculative trading before commencing to do it and while trading. Before deciding to join a broker and start trading, a potential trader needs to establish whether a broker like Xtrade is safe to trade with.

Apart from that I enjoy the feature called risers and fallers. This way I can use my breakout strategy more efficiently and I can manage my funds right from the platform which is pretty dang convenient. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com.

Company Representative

Spreads are variable, for example, GBP/USD spreads can range from 2.5 to 5 pips, EUR/USD ranges from 1.7 to 5 pips and EUR/GBP ranges from 3 to 5 pips. Through one Xtrade single account, you are able to trade across multiple devices that Broker provides, sot there is no difference between the traders level since all features available via single XTrade Login. In the beginning, the trader can always try out the risk-free environment through Demo-account opening. For example I like to diversify my trading portfolio with different instruments.

So, they are helpful not only for providing trading ideas but for educational purposes as well. Their proprietary trading platform is indeed cool because I’ve tried a lot of other platforms but this one stands out among them mostly. It’s definitely a great choice for experienced traders like me. We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Despite that my knowledge about this broker is not complete, I think that in this article some of this broker’s features are underestimated.

Deliberate decisions and positional strategies.This broker, by its nature, correspond to my trading style.I use trend lines and support/resistance levels to determine the main trend. And trading conditions of this broker allow me to do it safely and profitably. No, XTrade does not provide its services to traders in the USA, Canada or other countries where its services conflict with local laws. However, XTrade can be used in https://traderoom.info/xtrade-forex-broker-overview/ many countries worldwide, including India, the UAE, Australia and Uruguay. 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. XTrade is a licensed forex broker authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) in Europe, and several other agencies for its international services.

At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. It’s always good news to discover there is a demo account, especially for those who are new to Forex trading.

In the last decade, Xtrade has handled billions of dollars for its clients. With a high influx of cash and liquidity, deposits and withdrawals shouldn’t pose any challenge to Xtrade customers. Despite Xtrade’s bright international recognition and reviews, we decided to test out the services they offer and to establish how they measure up against some of the top competitors in the CFD brokerage industry. To achieve this, we created an account with the Xtrade platform and we funded it with real money. It was after this analysis that we decided to write this review so that we could let traders out there know what trader is all about and whether it would be a good platform for them to carry out their traded on. Based on our Expert findings, Xtrade is considered a reputable broker with safe and very favorable trading conditions.

Now I already know what instruments to use, how to setup stop losses, take profits, apply indicators, draw on the chart and other stuff. The range of offered assets is big enough and conditions are also cool. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Xtrade is best for a trader who is not demanding in terms of platform variety, is content trading a smaller selection of CFDs, and doesn’t require a plethora of educational content and research. Even if you like trading signals and the Xtrade platform, it’s important to understand the risk of trading with a broker that has few licenses, as Xtrade only holds three following ASIC’s cancellation of its license.