• Category: Reviews

Xtrade Review

xtrade Online Forex CFD

Xtrade is a global brokerage firm with a presence in over 140 countries across 5 continents. Established in 2003, the firm has gained a reputation as one of the safest companies in the market. Xtrade offers traders an opportunity to invest in Forex, contracts for difference (CFD), shares, commodities and indices trading.

Xtrade Review

The firm is regulated by several regulatory agencies including the Australian Securities and Investments Commission (ASIC), Belize International Financial Services Commission (BIFSC), Cyprus Securities and Exchange Commission (CySEC) and the Markets in Financial Instruments Directive (MiFID).

Company Xtrade
URL www.xtrade.com
Founded 2003
Based in Limassol, Cyprus
Platform In-house
Regulation CySEC, BaFin, FSA, FCA, AiSIC, MiFID etc
Languages English, Italian, German, Russian, French, Portuguese, Polish, Chinese, Danish, Hungarian, Multi-lingual
Currencies USD, EUR, GBP
Deposit Methods Credit card, Wire Transfer, Cashu, WebMoney, Neteller etc
Withdrawal Methods Credit card, Wire Transfer, Cashu, WebMoney, Neteller etc
Minimum 1st Deposit £/€/$100
Minimum Trade NA
Bonus up to 60%
Payout Up to 81%
Account Types Welcome, Bronze, Silver, Gold, Platinum
Return to Loss NA
Number of Assets +100
Types Of Assets Commodities, Currencies, Stocks, Indices, CFDs, Forex
Expiry Times NA
Demo account Yes
Mobile trading Yes
USA friendly No
Support E-mail: support@xtrade.com Fax: +44 2030516305,
Phone:+44 2030516305, Live chat
Overall Score 83/100

XTRADE PROS

Yes Regulated and licensed by relevant authorities
Yes Extensive educational resources
Yes Wide range of trading instruments
Yes Risk management tools
Yes Demo account
Yes Mobile trading
Yes Attractive bonus opportunities

XTRADE CONS

No Not available to US traders
No High spreads

xtrade online cfd


PLATFORM

Xtrade trading operates on a proprietary trading platform supported by advanced software and back office structures. The platform allows traders to execute different types of trades using tools such as Take Profit Order, Market Order and Stop Loss. Other tools available on the trading platform include candlestick charts and technical indicators that enable traders to make accurate trade decisions.

xtrade platform


MOBILE TRADING

In addition to the web-based trading platform, traders can access the same functionalities on their mobile devices as they would on their desktop. The Xtrade mobile trading platform is available to iOS, Android and Windows Phone users, allowing you to trade anywhere and anytime at the palm of your hand.


ACCOUNT TYPE AND BONUSES

Xtrade offers two types of accounts to accommodate both new traders and experienced traders. The accounts include:

Standard Account- This account is suitable for beginner traders and has the following features:

• $100 minimum deposit
• No commission payment
• Leverage of 1:400
Premium Account- This account is suitable for advanced traders and has the following features:

• $1000 minimum deposit
• No commission payment
• Leverage of 1:400
• VIP services

You can access several exciting bonuses once you sign up with Xtrade. Some of the bonuses currently available include:

First trade bonus- Xtrade will pay for the first position you open. If you make a profit, you keep it but if you make a loss, Xtrade will refund the loss of up to $120 in cash bonus.

Phone verification bonus- Get $20 in cash for verifying your phone number. The bonus is available per phone number and is deposited in your equity. You can use the bonus to trade or you may redeem it within 30 days after reaching 300 trader points.

First deposit bonus- Receive up to 20% to 60% bonus on your initial deposit. For a minimum deposit of $100, you qualify for $50 bonus while a maximum deposit of $10,000 could attract up to $6,000 in bonuses.

Account verification bonus- Receive $25 in cash bonus for verifying your Xtrade account. The bonus is available per account and is deposited in your equity after making your initial deposit. You can use the bonus to trade or you may redeem it within 30 days after reaching 300 trader points.

xTrade Online


TRADE TYPES AND ASSETS

Xtrade offers over 100 trading assets. These include:

Stocks and Equity CFDs- Trade high value stocks such as IBM, Apple, Google etc.

Forex- Trade some of the most popular currency pairs. Xtrade offers more than 50 currency combination including USD/JYP, EUR/USD, USD/GBP etc.

Indices- Xtrade allows you to trade the future value of indices CFDs from some of the renowned share markets including Dow Jones, S&P among others.

Commodities- Start trading the world’s top commodities including natural gas, silver, gild, oil and much more.


COMMISSIONS AND SPREADS

Xtrade does not require its customers to pay commissions on trades. Traders only need to pay spreads on the assets they trade with the amount varying with the type of asset traded. The minimum spread on Forex starts at 2 pips, for CFDs the minimum spread starts between 4 and 6 pips. The leverage available will also vary with the type of asset—the maximum spread for forex is 1:400, 1:200 for commodities and indices and 1:20 for stocks.


PAYMENT-DEPOSITS

XTrade offers safe, secure and convenient payment options that include leading financial institutions and some of the most popular online payment methods. When depositing funds into your account using any of the available methods, you must deposit using your account holder name.

Xtrade provides more than 20 payment options: simply select your country of residence to access the different payment methods available to you. Popular deposit methods include:

Credit cards- Deposit funds into your account using different credit/debit cards such as Visa, MasterCard, Astro Card, e Card and others available in your country.

Timeframe: Immediately

e-Wallet/e-Commerce methods- Online payment methods are convenient and safe, allowing you to transfer funds from your online bank account to your trading account in a few clicks. Xtrade offers over 20 online payment methods including CashU, Skrill, AliPay, Giro Pay and so many more available in your country.

Timeframe: Immediately

Wire transfer- Xtrade offers a secure, encrypted platform that allows you to safely transfer funds from your bank account to your trading account.

Timeframe: 2 to 5 business days

xtrade online forex


PAYMENT-WITHDRAWALS

Your withdrawals are processed using the same method you used to deposit funds into your trading account. Withdrawals may take up to five business days to process.

With Xtrade, you cannot withdraw the entire amount in your trading account. A minimum amount is required to maintain a Minimum Margin in the account.


TOOLS AND FEATURES

Education- Xtrade provides extensive educational materials for all types of traders. These include a free trading guide, video lessons and access to a personal account manager.

Mobile Trading- The Xtrade mobile platform allows traders to trade anywhere and anytime using their iOS or Android or Windows Phone mobile devices.

Stop Loss Order- Xtrade offers several risk management tools such as the Stop Loss Order. This feature prevents traders from incurring massive losses when the underlying asset moves in an unexpected direction. The feature allows Xtrade to close a position when the asset reaches a specific price point.

Take Profit Order- This feature keeps you from losing your profit when the price of the underlying instrument moves in a favorable direction. The feature allows Xrade to close a position when the price of the instrument reaches a specific point.


CUSTOMER SUPPORT

Xtrade is a brokerage company that is fully committed to meeting the needs of its customers. The company has deployed a large customer support team to address customers’ issues in a timely manner. Traders can access the support team via telephone, live chat or email using multiple languages, 24/7 six days a week.

NOW CLAIM YOUR XTRADE BONUS

Trade indices Online

Joomla SEF URLs by Artio