The broker has a trusted regulatory rating but falls short in key areas like commissions and fees, making it less attractive for most traders. Traders can trade on the platform through CFDs, which allows them to use leverage and speculate on market declines or rises. With competitive spreads and advanced trading tools, Xtrade provides a comprehensive trading experience for both novice and seasoned traders. Xtrade is an online broker that was established in 2003 and offers forex and CFD trading on various assets, such as stocks, commodities, indices, and cryptocurrencies. Xtrade is regulated by several authorities, including CySEC in Cyprus, ASIC in Australia, and FSCA in South Africa, which ensures a high level of security and transparency for its clients.
- In summary, Xtrade may be a reliable broker for traders looking for a place to trade a diverse range of assets, including bonds and ETFs, and comes with low deposit requirements.
- Acknowledgement of Xtrade’s dedicated representatives delivering of service and value spans the globe.
- Yes, XTrade is good for beginners due to its extensive learning center, which offers educational resources to help new traders improve their skills and knowledge.
- Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
- Xtrade platform is the most trusted by millions of users from more than 100 countries.
Therefore, it is advisable to read and understand the terms and conditions of Xtrade before opening an account and trading with them. Moreover, it is important to note that there are other brokers with longer track records that might be worth considering as alternative options. Xtrade is an online broker that offers forex and CFD trading on various assets, such as stocks, commodities, indices, and cryptocurrencies. Xtrade was founded in 2003 and is regulated by several authorities, including CySEC in Cyprus, ASIC in Australia, and FSCA in South Africa. Xtrade claims to provide a user-friendly and innovative trading platform, as well as a range of educational resources, market analysis, and account options for traders of different levels and needs.
XTrade Review Summary
Xtrade is best for a trader who is not demanding in terms of platform variety, is content trading a smaller selection of CFDs, and doesn’t require a plethora of educational content and research. As a result, I would not park a substantial amount of money with a broker in such a predicament. Despite that my knowledge about this broker is not complete, I think that in this article some of this broker’s features are underestimated. But at the same time, I know for sure that this company has a unique trading platform.
In conclusion, Xtrade is an online broker that offers forex and CFD trading on various instruments, such as indices, commodities, shares, ETFs, and bonds. Xtrade provides a user-friendly and innovative trading platform, as well as a range of educational resources, market analysis, and account options for traders of different levels and needs. Xtrade also holds licenses from multiple regulators across different jurisdictions, which ensures a high level of security and transparency for its clients. However, Xtrade also has some drawbacks and risks, such as high fixed spreads, inactivity fees, dormant account fees, and limited customer support.
- Xtrade is an online broker that offers forex and CFD trading on various assets, such as stocks, commodities, indices, and cryptocurrencies.
- Xtrade claims to provide a user-friendly and innovative trading platform, as well as a range of educational resources, market analysis, and account options for traders of different levels and needs.
- The Xtrade WebTrader is a browser-based platform that does not require any download or installation.
- You should only engage in any such activity only if you are fully aware of the relevant risks.
- The broker advertises itself as a reliable with extensive experience that focuses on the safety and comfort of their clients.
Account Information
However, as with any broker, there are also some potential drawbacks and risks involved in trading with Xtrade, such as fees, customer service, or platform availability. Therefore, it is essential to conduct a comprehensive and objective review of Xtrade before deciding to trade with them. Xtrade is an online trading broker that offers a range of financial instruments, including forex, CFDs, indices, commodities, and cryptocurrencies. Xtrade is regulated by CySEC and IFSC and provides a user-friendly web-based platform and mobile apps.
Commissioni Swap
Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and xtrade broker researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).
Trading Platforms
For those who prefer to trade on the go, Xtrade offers a mobile application with a full range of features, including an intuitive interface that facilitates dealing with many assets. The app provides numerous advantages, including building real-time charts using all leading technical indicators and extensive trading tools. Xtrade offers its clients a high-quality and functional proprietary trading platform.
Pros & cons of Xtrade account types
However, despite the high functionality and convenience of the provided terminal, the lack of additional options, such as MT4 or MT5, may limit the choice for specific categories of traders. The account opening process at Xtrade is relatively standard for many brokers following international regulatory standards. However, some clients may express dissatisfaction with the need to disclose personal information for registration and the high minimum deposit, which is standard practice for most brokers. A plus is the ability to use a demo account without restrictions, allowing beginners to get acquainted before moving on to actual trades. 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.
Please ensure that you understand the risks involved prior to proceeding, taking into consideration your relevant experience. Seek independent advice before deciding whether trading in such products is suitable for you. Xtrade offers an extensive library of e-books that cover various aspects of trading, from the basics to advanced strategies and trading psychology. Xtrade has set high commissions compared to other Forex brokers in the market.
The minimum size of the fundamental trading account is limited to a minimum of 250 US dollars. All deposits are held in a segregated account at a bank and can only be used for their intended purpose – as trading collateral for the company’s clients to access financial markets. Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices. We would not recommend Xtrade for beginners due to the lack of advanced and beginner educational videos and the absence of trading signals. Although it offers some educational resources, the overall rating for education and beginners is average.
There are no fees charged for deposit and withdrawal, and traders can choose between bank transfer, credit card, PayPal, Skrill, and Neteller as the payment method. Most users rate the quality of service highly, noting the staff’s quick response, friendliness, and competence. Positive feedback about the platform’s ease of use and educational materials is particularly noteworthy. The broker offers a variety of courses, including FOREX V.O.D., strategy courses, fundamentals of economics, ECN features, and many others.
If there has been no trading activity on the account for 3 months, a fee of 50 USD per month will be deducted. This is important to consider, especially if you plan to take extended breaks from trading. Below is a table of the average spread and swaps for major currency pairs on the standard Xtrade account.
Before starting to trade with Xtrade, every client must undergo an account verification process. This requirement is driven by the company’s commitment to ensuring its clients’ security and compliance with regulatory bodies’ standards. All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.