It is also worth saying that the account opening procedure is extremely simple and easy. It doesn’t take up a lot of time and you don’t have to deal with a lot of paperwork to register yourself. When it comes to Xtrade, you can rest assured that it is a regulated company because this firm is regulated and authorized by the International Financial Services Commission (IFSC). They have also made significant effort to ensure that all data and funds kept on their platform are kept safely. Make sure XTrade is correct for your investment purposes.Markets change quickly, and you need to be able to execute an order instantly.
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- Trading with this platform wasn’t a tough decision as they’ve been in the industry for a while, so in terms of longevity they were good.
- It’s accessible in 11 languages and offers 12 technical indicators, 4 chart styles, 9 time periods, and 17 analysis tools.
- The platform offers a smooth trading experience with intuitive navigation, making it easy to access key features like real-time market data and charting tools.
- 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.
- To open a live account with Xtrade, you need to visit their official website and click on the “Open Account” or “Sign Up” button.
- When he’s not giving advice to the top investors, John can be found spending time with his wife and two children.
Several attributes claimed as their distinctive advantages including strong financial resources, quick and efficient withdrawal process, cutting-edge platform technology, and worldwide customer support. Xtrade offers over 500 tradable financial instruments spread over a variety of assets that include Indices, Commodities, Shares, Forex, Cryptocurrencies, ETFs, Bonds, and CFDs. The platform is also available on a mobile multi-asset trading app that includes full-featured functionality, real-time charting with all the leading technical indicators, and extensive trading tools. Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf.
However, Xtrade holds licenses from offshore jurisdictions like the FSC in Belize and lacks broader regulatory oversight from major financial authorities. This may raise concerns for traders who prioritize a highly regulated trading environment. 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 https://traderoom.info/xtrade-forex-broker-overview/ option. Xtrade provides a variety of educational resources to help traders enhance their knowledge and skills. These include video tutorials that offer step-by-step guidance on trading essentials, courses designed to cover a wide range of trading topics, and a comprehensive glossary to familiarize users with key financial terms.
Minimum Deposit
This can significantly increase a trader’s overall costs and reduce potential profits. Traders should consider all commissions and costs before trading with this broker. The difference between the bid and ask price can vary depending on market conditions.
- The XTrade guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate XTrade users on basic trading principles.
- We have over 20 years of experience when it comes to trading online so we know what to look for.
- An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.
- Investors can log in to their XTrade trading account, type in their credit card information and the funds required will be posted in a number of business days.
- It is a distinctive company in the way it offers Fixed Spread as the sole trading commissions to traders and does not comply with mass preference in the MetaTrader platform.
- He is a long-time active investor and engages in research on emerging markets like cryptocurrency.
- The customer service team is also helpful if you have any queries or concerns.
XTrade Review 2024: Is This Broker Legit or a Scam?
Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. While this is a decent range for forex trading, the total number of tradeable symbols is below the industry average of 3,623. When you want to withdraw funds from your Xtrade account, there are similar steps that you need to follow. Instead of clicking on the Deposit button this time, you have to click on the ‘Withdraw’ button.
XTrade Telephone Support
And while some may find it disappointing there is only one type of account, we found using it an enjoyable and easy experience. The minimum deposit for a live account is only $100, which is perfect for the beginner. The real money account offers variable spreads, averaging at around 0.3 to 0.6 pips.
You have to wait for the withdrawal request to be approved and then your account will be credited with the amount. If you are trading from a region where debit or credit cards cannot be used, bank wire transfers are an excellent option. This method is highly secure; the only downside is that it takes at least 2 to 5 business days for the transactions to be reflected in your account. 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.
With a minimum deposit of $1,000, this account features reduced fixed spreads starting from 3 pips, providing a more cost-effective solution for frequent trading. Xtrade was founded in 2003 and has built a reputation over the years as a trusted broker, regulated by ASIC in Australia, FSCA in South Africa, and FSC in Belize. It provides a unique offering of proprietary trading platforms and a variety of trading options. Xtrade offers an average selection of trading platforms and tools, primarily relying on its proprietary platform.
Also, it also hosts a tablet trading app with an advanced graphical interface, quick transactions and deposits, full activity reports, intuitive navigation, and alerts setting. Hence, although no deposit bonuses are a great way to help you start trading, the terms to benefit from it often require trading with such a high volume before you can withdraw profits, that it may not be worthwhile. Traders should consider their spread preference before choosing the account type they wish to use.
The XTrade user interface (UI) is what XTrade traders will see and interact with first when trading with the XTrade trading platform. The goal of the XTrade trading UI is to make the XTrade user’s experience intuitive. The XTrade application has good user experience and a good level of customer satisfaction.