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Is XTrade A Safe Broker?

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In addition to the welcome package for first-time clients, Xtrade offers a variety of promotions and rewards to its loyal customers in the form of a trading bonus or cashback bonus. Xtrade does not currently offer referral bonuses to new or existing traders who make use of the products and services offered. Xtrade supports a variety of deposit and withdrawal methods, including bank wire transfers, credit/debit cards, Skrill, Neteller, and more.

  • You may also be pleased to know that Xtrade is not adverse to scalping.
  • Being in the broker market for so long, they are the true experts in Forex trading.
  • Xtrade also offers a dedicated complaint resolution process.
  • We should point out there are a number of requirements that have to be met in order to receive the bonus.
  • Spreads and leverage are published on the website for every asset choice.

But is also authorised to offer its services in a number of other EEA countries. After a month of trading here I can say that this broker suits me and I have a very big desire to stay here. I first learned about the company from Xtrade reviews. Well, I came here to trade my favorite financial instruments – cross pairs and exotic pairs.

So if you’re looking for a broker with a good bonus system, this is the place to go. After the demo version I opened a Premium account for $1,000 and now I consult with my personal manager. Also the company provides significant bonuses for new clients, the amount of which can be up to $6,000. At first I had a standard account, now I have a premium account here with a minimum deposit of 1,000 euros. Here conditions are still better, there is a welcome bonus, and there is a personal account manager.

The conversion fee will be dependent on the money you are opting to draw in. At the time of writing this Xtrade review, and despite Xtrade’s impressive offering, the company has surprisingly not garnered any awards to date. Traders have access to 24/5 customer service, with the live chat function the most convenient form of contact. Xtrade notes an investor compensation fund without providing details. It also has an office in South Africa but does not list an operating license by the FSCA. While the broker does have an office in South Africa, it does not list a license with the South African Financial Sector Conduct Authority .

KVB Prime Demo Account

You can view your Equity and other important information under the My Account Bar on the left side of the Main Page. Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it. As with currency exchange markets, commodity markets offer trading in contract-based tradable goods.

Xtrade customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go. Another concern with fiscal brokers with regards to security may be manipulation of trading. This is highly disadvantageous for consumers on these platforms. Nonetheless, this is more prevalent in the case of Market Maker agents who compete with users on the platform.

Does Xtrade offer any educational resources or customer support?

Sophisticated Scammer The account manager is pushy and insistent to upgrade your account. They will make promises of good profit and confident that they will return your money in no time. They will earn your trust by winning some trade and the withdrawal is fast.

Phone verification bonus – Verify your telephone number and you will receive a free $20 cash bonus. It is credited to your equity and can be used to trade. To redeem it you have to accumulate 300 Points within 30 days. Upon following my account manager’s signal to sell, the platform experience a short interruption which caught my attention. It seems to me that the system is running after my StopLosses.

What is the minimum deposit for Xtrade?

No, I was not disappointed with the broker, rather I just saw a better picture of trading with Xtrade. Yes, if you only look at the numbers, 2-3 pips is not a very low spread. But the main thing is that it is fixed, so for trading on the news it is a significant advantage. I like the trading platform too, it is very nice and easy to use.

There is the option of sending an email, a fax or calling one of the many international telephone numbers. Education also seems to feature very high on the list of priorities with an extensive range of tutorials, courses, and entry to the Xtrade Academy. It’s good when you can save your time, especially when you are out of it. I’m a very busy person and have to devote much time to my job and I often have to make business trips to other cities.

The minimum spread for bond products is 2.2 pips and for ETF products is 2.1 pips. I was interested in the Forex market, as many people have heard about million-dollar earnings on Forex, and I was bribed by the promised income. I spent about a week and decided to open a demo account with one of the many brokers, and then a real account. At the moment I only tried myself in commodities trading. Company offers web-based platform for online trading.

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It has established lots of steps to protect all its investors. Other deposit techniques you can embrace are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is a possibility as well, though it takes approximately 4-7 days. There are a number of methods to fund your accounts with Xtrade.

Alternatives To Xtrade

Tophttps://forexhero.info/s.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The company offers its unique Xtrade mobile app to its clients who want to be able to access the market anytime and anywhere. You can download the Xtrade mobile app to your Windows, Android, and iOS tablets and smartphones. XTRADE offers welcome bonuses or deposit bonuses, and loyal customers are compensated through the provision of various promotions for traders who are actively using their accounts.

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The MetaTrader 4 trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements. Together with everything, Xtrade has multiple benefits to new and verteran traders and should be investigated. There’s no minimum time on which a transaction must be kept available.

Demo accounts with a balance of virtual money that sport real-time prices and trading conditions allow traders to practice trading before opening a live account. Xtrade, one of the best online CFD forex brokers, offers CFD trading on verity and popular financial market. We provide our trades with the opportunity to trade CFDs with no exchange charges and no Stamp Duty. CFD trading enables market traders to trade a portfolio of Shares, forex, Indices, or Commodities without having to lock up large amounts of capital. If you are still trading forex the “old fashioned way” with MT4 and a like-minded broker, then you may have missed out on the many innovations that have hit the market in recent years.

Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Xtrade is $1. You should have a good the of online trading before you set out and trade with real money as losses can exceed deposits. It’s not very often that things are plain sailing, and this is certainly true in the online world.

You are unable to access tradersunion.com

It also has a cryptocurrency section, but Xtrade does not offer cryptocurrencies as tradable instruments. It confirms the lack of functionality of the proprietary Xtrade WebTrader, together with the misleading marketing that continues to label it as a next-generation trading platform. Andorid mobile devices and tablets are used by millions of people globally. The Android Xtrade MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.

Xtrade is an internationally recognised trading platform for CFDs. Traders can enjoy a wide range of tradable options on indices, currency pairs, shares and commodities. The brains trust that created Xtrade has decades of experience in the online brokerage industry. Superior customer support, a strong global presence and credibility form the bedrock of the Xtrade contract with clients.

money when trading

The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proven himself as an active trader. These products are not suitable for all clients, therefore please ensure you fully understand the risks and seek independent advice. Online trading involves significant risk, and you may lose all of your invested capital.

The trading conditions won’t be different and features the same support, education, news, and available numerous signals. Yet, there is a spread reduction and additional education videos available for Platinum and VIP account holders. On the negative side, they are some limitations in product offering, support is not available 24/7 also international proposal is done via the Belize entity.

Because it has many years of competence on the xtrade broker market. This lot does not like to show off, the quality of the services they provide goes silent and deep. Impressing for broker to be haveing own proprietary trade platform.

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Moreover, gotta add that the website is easy-to use and the platform has no lags or other crap. It matters for me a lot and I know that it matters for the most part of traders. Xtrade is one of those brokers when you get to know it you think that it should have been more popular among the traders.

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Xtrade is a trading partner that has found its way successfully into the brokerage world. Within this review, we’ve attempted to collate a number of the vital aspects of Xtrade. This guide will allow you to understand whether Xtrade is a good fit for your investments or not.

This points out the attitude of a broker that is focused to tailor a trader’s needs. This is a very interesting question because Xtrade broker offers a unique bonus system which no other broker offers. In addition, you get $25 in cash for phone number verification, 20% in cash for account verification, and the first trade (up to $500) is compensated at the broker’s expense.