Xtrade Review 2022: Award-Winning Broker

It was founded in 2003, and it is regulated and sanctioned by the Cyprus Securities and Exchange Commission (CySEC) under license number no. 108/10 as well as the International Financial Service Commission (IFSC). The brokerage firm offers a variety of CFDs assets for trading, such as Indices, Commodities, Shares, Forex, ETFs, Bonds.

The brokerage company offers maximum leverage of 1:400 to the professional investors and 1:30 to the retail investors in the market. Before starting trading with Xtrade, an investor has to deposit the initial amount of money into the trading account that is $250. The brokerage firms charged low costs on transactions that are based on the spread.

The headquarter of the Xtrade is located at 35 New Road, 2nd floor flat, Belize City, Belize. The payment method of the Xtrade is via Neteller, Pay safe card, Skrill, Sofort. The newcomer needs to follow a few steps to open a trading account with Xtrade.

Is Xtrade Scam: Regulations

Xtrade is the legit broker in the market because it is regulated and sanctioned by the Cyprus Securities and Exchange Commission (CySEC). According to the official website of Xtrade, the brokerage firm offers a variety of protection to the traders. In addition, the broker provides quality customer support for their traders because it is important to solve the problem of the investor.

The brokerage company doesn’t charge any commission while trading in the market. But on the other hand, the broker charges the spread from the broker. In addition, Xtrade offers a variety of trading tools and indicators that are essential to predict the asset’s future price.

Xtrade Review: Trading Account Types

The brokerage company offers four trading accounts such as Standard, Premium, Platinum and VIP trading accounts. Each account has some different features which are helpful while trading.

Standard trading account

  • The investor uses these accounts on Desktop and Mobile Trader.
  • The broker offers the demo account for the traders.
  • The brokerage firms offer Economic Calendar.
  • 1-on-1 Platform Lesson
  • Daily Video Market Reviews
  • Start trading through Xtrader, an investor needs to deposit $250 initial money.
  • The broker provides a customer support service to the traders.

Platinum trading account

  • The trader login their trading account on a desktop or mobile phone.
  • Demo Accounts are available for the traders.
  • Economic Calendar
  • Daily Video Market Reviews
  • 1-on-1 Platform Lesson
  • The broker provides 24/5 Customer Support.
  • The broker gives an exclusive Welcome Bonus.
  • An investor has a Dedicated Account Manager.
  • Minimum deposit is $1000.
  • The brokerage firm offers Educational Video Tutorials and eBooks.

Premium trading account

  • Spread is reduced.
  • We have a Dedicated Senior Account Manager
  • VIP Deposit Bonuses are given by the investors.
  • Demo Account
  • Economic Calendar
  • Daily Video Market Reviews
  • 1-on-1 Platform Lesson
  • 24/5 Customer Support
  • Exclusive Welcome Bonus
  • Dedicated Account Manager
  • To start trading in a Premium trading account, the minimum deposit is $5000.

VIP trading account

  • Desktop and Mobile Trader
  • Demo Account
  • Economic Calendar
  • Daily Video Market Reviews
  • 1-on-1 Platform Lesson
  • 24/5 Customer Support
  • Exclusive Welcome Bonus
  • Dedicated Account Manager
  • Educational Video Tutorials and eBooks
  • Spread Reduction
  • VIP Trading Support/Dedicated Senior Account Manager
  • VIP Deposit Bonuses
  • Individual Trading Strategy and Support
  • Priority Account and Payment Processing.

Xtrade Review: Account Opening

XTrade is a completely digital broker in which the investor has to spend only a few minutes to open an account. However, according to the investor of XTrade, the verification process takes time after submitting the application form to XTrade.

Here are the steps to open a trading account:

  • In the initial step, the investor has to apply on the official website of the XTrade then fill the application form in which the investor has to fill in personal information such as name, age, country, address, etc.
  • Then the investor chooses the trading account which is suitable for trading.
  • The broker gives a questionnaire in which the broker asks a question from the traders regarding the trading goals and plan.
  • After all these steps, a trader has to verify their trading account from the broker with the help of the government ID Card.
  • Start trading with Xtrade.

Xtrade Review: Trading Platform

The brokerage company offers three types of trading platforms such as Web Trader, Mobile Trader and Tablet. Each trading platform has various features and services, which is essential while trading in the market.

Web trader

It is one of the primary trading platforms in the market. Most of the traders use this trading platform because it is easy to handle and control. An investor doesn’t need to download the software.

What are the key features of the Web Trader?

  • The trader can customize their trading platform according to their needs.
  • One- tap control option
  • The trader can get access through any device.
  • You don’t need to download the software.

Mobile Trading App

XTrade offers Mobile trading applications for investors because, with the help of the application, it is easy to manage trading from anywhere in the world. Mobile trading applications have all the leading technical indicators and extensive trading tools.

What are the key features of the Mobile trading application?

  • Real-time charting.
  • Enjoy alerts and notifications.
  • Full-featured functionality.
  • Order types are available in a mobile trading application such as Market, Limit, Stop-loss, Stop Limit, Trailing stop.
  • An investor downloads the software on any device such as ios and android.
  • You can customize the trading platforms.

Xtrade Review: Trading Instruments

The tradable assets of the Xtrade are CFDs, Indices, Commodities, Shares, Forex, ETFs, Bonds. Each asset has a variety of types and pricing according to the demand and supply of the market.

Xtrade Review: Commission & Spreads

The brokerage company doesn’t charge any commission on trading. The spread is fixed, which is charged by the broker on trading. The broker doesn’t charge any fees while depositing and withdrawing their money in the trading accounts.

Before starting trading with Xtrade, the investor needs to deposit the initial amount of money into the trading account that is $250.

The broker also charged an inactivity fee from the investor; if an investor is inactive in the trading market for more than 60 days, it will be paid by the investor.

Xtrade Review: Leverage

The broker offers maximum leverage of 1:400 to the professional investor and 1:30 to the retail investor.

Xtrade Review: Deposit and Withdrawal

  • The deposit and withdrawal option of the Xtrade is via, Fast digital deposits, including Credit Card, Debit Card, Electronic wallets, PayPal, Skrill, etc.
  • An investor can withdraw their money free of cost.
  • There is no charge for depositing the money into the trading account.
  • The trader can deposit an unlimited amount of money into the trading account.

How to transfer money from Xtrade?

  • On the Web trader, Mobile trader and tablet trader, an investor needs to log in to their trading account.
  • Go to the withdrawal options.
  • Select the bank transfer option and add the amount you want to withdraw from the investor’s account.
  • Then withdraw the money.

Xtrade Review: Educational and Research Support

Xtrade provides a variety of educational and research material for the investor because it is helpful to gain knowledge about the market and start trading slowly through this. After gaining knowledge of the market, the investor needs to practice on the demo account, which is offered by the broker for trading.

This is the list of educational and research material:

  • Video Tutorials
  • Courses
  • Glossary
  • Blog
  • Financial Calendar
  • Financial News
  • Daily Analysis Video
  • Calculator

Xtrade Review: Customer Support

The brokerage company provides a customer support service to the investors; trade customer employees are always available for solving the problem through live chats, phone calls, email, etc.

The customer support service gives the best solution, which is relatable to the trading.

  • Email: [email protected]
  • Phone number: 000 800 100 7086
  • Address: 35 New Road, 2nd floor flat, Belize City, Belize.

Final Verdict

Xtrade service is extremely good and quick for the traders. The trading platform of Xtrade provides a variety of advanced level tools and indicators, which is helpful to make a profit in the market. In addition, the investor of Xtrade gives positive feedback in the market for their services. The brokerage firm is also regulated and sanctioned by the Cyprus Securities and Exchange Commission (CySEC).

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