The platform is available in multiple languages, including English, German, Danish, Spanish, Portuguese, Italian, Russian, Norse, Romanian, Indonesian, French, Chinese, Dutch, and many more. Traders can enjoy alerts, notifications, friendly one-click navigation, and professional charting tools. 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. The company’s head office address in Cyprus plus its locations in Melbourne, Australia, amongst others, can be found on the broker’s website. XTrade International Ltd also complies with the International Financial Services Commission’s regulations for worldwide trading. Note, always check bonus terms and conditions before you begin account registration.
Additionally, clients can access other Forex bonuses for account verification, phone number confirmation, and the first trade on Xtrade’s account separately. XTrade is a brokerage firm that provides access to online CFD and currency trading. A bonus program and quality training distinguish the company from competitors. I have been on this platform for almost a year now, and have my gripes with it. I wish there was more innate extra tools for TA, and the customer support worked on Saturdays. I’m also honestly not a huge fan of TradingView on the bottom, and still haven’t found a way to move it.
XTrade vs Other Brokers
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. In addition to educational materials, there are several key market research tools offered.
The bonus usually only starts giving some expenses back to the trader once the person has proven himself as an active trader. The cost of trading depends on different factors like commissions, spreads, and margins. Below is an in-depth review of Xtrade to help you make an informed decision before opening your account or trading on their platform. All content on this site is for informational purposes only and does not constitute financial advice.
Xtrade fees compared to AvaTrade fees
- It delivers a powerful in-house trading platform that complements its institutional strength, practical expertise, comprehensive technology, and unparalleled network.
- This consists of several video tutorials dealing with everything concerning forex from how to register, how the platform works, and introductions to charting tools, and how to trade in the different trading instruments.
- Fortunately I havent claimed my first one, so seems like im eligible for a higher one now.
- Whether you are a beginner or an experienced trader, there is an account type suited to your needs.
- A demo account is one of the critical tools for novice traders, and Xtrade provides this opportunity to all its clients.
- Xtrade’s account types aim to cater to different levels of traders and provide them with various benefits and incentives.
Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. You can find out if brokers like XTrade are licensed in your country, if they have had run-ins with regulators, or received serious complaints from XTrade investors, directly with financial regulators in your country. You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets. Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money.Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share. A XTrade stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price.
- When funding your XTrade account there may be some XTrade deposit fees which will vary depending on the payment method you use to deposit to your live XTrade trading account.
- However, several drawbacks exist despite the absence of deposit and withdrawal fees on many payment systems.
- All security measures seem in place including negative balance protection, segregated accounts for client funds, and membership in an investor compensation fund.
- For those seeking a wider selection of assets, lower fees, or stricter regulatory oversight, considering other brokers with more extensive licenses and features may be a better option.
- The XTrade account registration process is simple, user-friendly, and quick.
I am profitable trade with Xtrade broker!! It’s a user-friendly trading platform with nice terms.
Following XTrade International’s offering, XTrade Europe does not provide trading with the highly popular MetaTrader platform. This broker has its proprietary platform that enables traders to access the market via Web-Trader with a rich set of features and trading tools to ensure an optimized trading experience. Said platform is not only available on the desktop, but also in mobile app and tablets. Xtrade offers a comprehensive range of research and education tools that can help traders gain valuable insight into the markets.
However, some negative aspects, such as the possible deletion of negative reviews and lack of clarity in communication with consultants, slightly lower the overall rating. Xtrade provides a range of video tutorials that cover various aspects of trading. From registration and interface to the specifications of the Xtrade application, clients can learn how to build charts, open positions, and maximize their profits using the mobile platform.
Compare the markets and instruments offered by XTrade and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Compare XTrade with the top 3 similar brokers that accept traders from your location. The support team can help with a range of queries, from how to delete an account, utilise the platform, or navigate account verification.
Moreover, the broker does not offer solutions like copy trading or MAM/PAMM accounts, which are typically used for passive or managed investment strategies. While Xtrade provides a range of trading instruments, it is not a platform tailored for traditional investment options, such as holding long-term stock portfolios or futures. Additionally, the broker maintains a blog that features market insights, trading tips, and updates on economic trends. These educational tools aim to support novice traders in navigating the complexities of the financial markets. Xtrade’s spread-based approach is straightforward and transparent, though the competitiveness of the fees can vary depending on the account type.
It’s a comprehensive review that covers all aspects of the platform, from its security measures to its trading tools. Xtrade has been around since 2013 and offers a range of features designed to make trading easier for users. The platform is secure, efficient and easy to use, so it’s no wonder that it has become one of the most popular online trading platforms in the world. Xtrade offers a variety of educational resources to help traders improve their trading skills and knowledge, including webinars, trading courses, and market analysis. In addition, the company provides 24/5 customer support via phone, email, and live chat, in multiple languages. The Xtrade Mobile Trading App is an intuitive multi-asset trading app that is compatible with iOS and Android devices.
XTrade educational resources are used throughout the XTrade learning environment to help and assist with customer’s development and learning of trading on XTrade. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using XTrade trading tools. Educational resources like some of the resources available with XTrade are a good as part of a wider set of educational guides and information from else where online. An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.
XTrade market orders are popular as they are a fast and reliable method of either entering or exiting a trade. XTrade mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly.XTrade mobile trading refers to trading using a mobile phone.
A XTrade Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android https://traderoom.info/xtrade-forex-broker-overview/ mobile smartphone. If you struggle with technology, you need to consider the level of support on XTrade is available.Another thing to consider is your financial goals. Make sure that a XTrade account fulfils these goals.Several platforms offer commission-free trading, but some require a minimum fee for opening an account. There are several methods through which you can deposit money into your XTrade account. One can use a credit or debit card and XTrade accepts payments from credit and debit cards provided by MasterCard and Visa.You can use PayPal, funding your XTrade account using a personal PayPal account.