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Xtrade

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Name

Xtrade

Date founded

Dec 31, 2008

Description

Xtrade is an adjustable FX broker that issues CFDs for trading on popular financial instruments on its own web platform. The brand is managed by Xtrade.Europe LLC, which is authorized by the Cyprus Securities...

Xtrade is an adjustable FX broker that issues CFDs for trading on popular financial instruments on its own web platform. The brand is managed by Xtrade.Europe LLC, which is authorized by the Cyprus Securities and Exchange Commission (CySEC). Xtrade offers trading on forex, commodities, indices, stocks and CFDs on its internal platform

Demo version

Yes

Regulation (trading)

Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Commissione Nazionale per le Società e la Borsa (CONSOB)

Country

Cyprus

Languages

Chinese, English, French, Indonesian, Italian, Japanese, Portuguese, Romanian, Russian, Serbian, Spanish, Turkish, Vietnamese

Spreads

0.30

Scalping

No

Hedging

No

Decimal pricing

4 Digits

Max Leverage

400 : 1

One click execution

Yes

Minimal Lot

0.01

Trading Platform

Xtrader Pro Desktop/Mobile/iOS/Android

Bonus

Currencies

Currency pairs

50

Deposit methods

Bank Wire, Credit Card, Debit Card, WebMoney, Skrill, Neteller, China UnionPay, DineroMail, Abaqoos, AliPay, AstroPay, Bank Link, Boleto, CashU, DineroMail, eCard, eKonto, ePay bg, EPS, Euteller, Giropay,...

Bank Wire, Credit Card, Debit Card, WebMoney, Skrill, Neteller, China UnionPay, DineroMail, Abaqoos, AliPay, AstroPay, Bank Link, Boleto, CashU, DineroMail, eCard, eKonto, ePay bg, EPS, Euteller, Giropay, Halcash, Ideal, Lobanet, Mister Cash, Moneta, Multibanco, Neosurf, Paysafecard, POLi, Przelewy24, QIWI, SOFORT, Sporopay, Teleingreso, Ticketsurf, Todito Cash, Yandex Money

Minimum Initial Deposit

$100

Mini Account:

$100

Standard Account:

$100

ECN Account:

N/A

Premium:

$5,000

Withdrawal methods

WebMoney, Neteller, Credit card (VISA/Mastercard), Bank wire

Contact phone

180011161130

Contact email

XTrade is an online Forex broker which is operated and licensed under XTrade Europe Ltd. The broker has its head offices in Cyprus and is licensed and controlled by the Cyprus Securities and Exchange Commission (CySEC). XTrade offers trading opportunities in forex, shares, indices, precious commodities, and CFDs using its responsive and user-friendly in-built trading platform. 

XTrade Trading Platform

XTrade uses an in-built trading platform to provide trading opportunities to its clients. The platform offers clients a wide variety of trading opportunities; this include various currencies pairs, stock and equities offering, CFDs, precious commodities forex Indices and Shares. The trading platform is user-friendly and fast which allow users to navigate through and select their preferred trading opportunities with a single click. It also provides various trading charts which aid the users in executing their trading activities.

In addition, the platform provides traders with valuable trading tools and features such as analysis tools, and real-time trading data. The platform is also available as a downloadable Mobile app that allow clients to access their accounts using mobile devices thus making it possible to trade anywhere

XTrade Security of funds

The broker maintains separate accounts for clients’ funds and its operational purposes; this protects clients from losses that may occur if the broker is bankrupt. XTrade is also a member of the Investor Compensation Fund which gives clients a guarantee in case of the broker’s insolvency. 

XTrade Account options

XTrade clients are provided with a choice of two types of trading accounts. These are a standard account with a minimum deposit requirement of a hundred Euros and access to all trading opportunities provided by the broker. They also offer a premium account with a minimum deposit requirement of a thousand Euros. They also provide a 30 days free demo account which allows traders to practice and work to improve their trading strategies.

Registering a trading account with XTrade is a straightforward task; traders are required to provide their information such as a valid email address, username and preferred password. After that, a login confirmation is sent via email and a client may proceed to verify the account.


XTrade Methods of payments

XTrade provide its clients with a variety of payment options to make deposit and withdrawal transactions; these include debit and credit card payments, bank wire transfer, ePay, EUTeller, iDEAL, Giropay, Neteller, PayPal, Skrill, Sofort, WebMoney, Ticketsurf, QIWI and YandexMoney. 

XTrade bonuses and promotions

XTrade offers new clients with a welcome bonus upon completing their initial deposit. However, the welcome bonus is issued based on the amount of money deposited. The broker also offers a referral program which allows users to earn for referring new clients to the site.

In addition, the broker provides other special bonuses and promotions to ensure all users benefit from trading on the site.


Customer support Services

The broker offers it client with excellent client support services; clients can reach the support team through a live chat feature on the platform, placing telephone calls and through emails. The support staff is available on a 24/5 basis to give feedback to users questions and assist in solving various issues. 


In addition, XTrade clients have access to an extensive collection of educational materials such as video tutorials, and eBooks. These educational materials are intended to assist both the skilled and novice traders to solve different issues that may occur as they use the site. 


XTrade Pros 

  • XTrade is a well-regulated broker
  • The broker employs a variety of measures to guarantee clients funds in case of bankruptcy  
  • The broker provides a free demo account for inexperienced traders too use to improve their trading tactics
  • The broker offers an extensive education section to aid clients in solving various issues

XTrade Cons

  • Client support services are not available during weekends 
  • The broker does not offer a trading platform choice to its clients
  • The broker has a Minimum deposit amount restriction
  • XTrade offers its clients high fixed spreads. 

Conclusion 

XTrade is an online Forex broker which offers trading opportunities in forex, various currencies pairs, shares, indices, precious commodities, stock and equities, and CFDs using its responsive and user-friendly in-built trading platform. The broker also guarantees clients’ funds in case of bankruptcy, provide a free demo account, and offers an extensive education section to aid clients in solving various issues. XTrade is an ideal broker for all those who wish to try their hand in online forex trading opportunities.

Pros & Cons
  • Well-regulated Commission-free trading High leverage levels offered Bonuses available Useful training package for CFD trading Multiple payment methods supported
  • No choice of trading platforms & account types MT4 not available Only fixed spreads offered Market Maker model
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