xtrade forex 4

XTrade Review [year]

Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

How we rank DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Ranked 83 out of 426 Trading List Check out our top brokers List.

DailyForex.com Team.

| Created on February 21, 2022 | Updated on April 11, 2022.

Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Forex Brokers We Recommend.

Xtrade Editor’s Verdict.

Xtrade is a multi-asset broker which has its headquarters in Belize, as well as a second office in South Africa. Founded in 2003, Xtrade is a rare broker that does not offer the MT4 or MT5 trading platforms, nor cTrader; instead, the broker solely relies on its proprietary Xtrade WebTrader . The broker also fails to support automated trading and focuses rather on manual trading; moreover, it does not allow third-party solutions to connect. Social trading is equally missing at Xtrade. Xtrade deploys an unacceptably high fixed spread cost structure with an average asset selection.

Demo Account with Minimum Deposit Comprehensive Subject Explanations.

Website in English Only No Bonuses.


New traders can consider the educational section at Xtrade, which also publishes daily trading ideas. It appears that Xtrade has changed over the past decade and decreased the quality of its trading environment.

Regulation and Security.

After dropping two regulators, the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), Xtrade maintains sole oversight with the Belize International Financial Services Commission (IFSC). While the broker does have an office in South Africa, it does not list a license with the South African Financial Sector Conduct Authority (FSCA). Reituca Marketing Ltd, a Cypriot-registered international business company (IBC), processes all Xtrade International Ltd payments. Client deposits remain segregated, but Xtrade does not list the banking institutions. It notes an investor compensation fund without providing details. While this broker remains compliant with its sole regulator and has a clean track record, more transparency is necessary to improve trust. Xtrade does not specify its auditors, nor does it voluntarily publish order execution statistics. Each trader needs to assess if what Xtrade offers is sufficient to trust this broker with their deposits, personal information, and trading accounts. The Belize IFSC is the sole regulator of Xtrade after this broker dropped ASIC and CySEC regulators. Client deposits remain segregated. 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.


Xtrade is a market maker and profits directly from client losses. The commission-free trading environment features unacceptably high fixed spreads of up to 5.0 pips on the EUR/USD. It equals a cost of $50 per 1.0 standard lot, making Xtrade one of the most expensive brokers in operation. Xtrade refers to swap rates on leveraged overnight positions as a premium buy and premium sell charge; traders may access them from inside the trading platform under Details, or from the CFD list on the website. It does not levy internal costs for deposits and withdrawals, but third-party charges apply. Xtrade levies an excessive $50 monthly inactivity fee after three months and a $100 monthly dormant account maintenance fee after twelve months. Overall, Xtrade maintains an unacceptable pricing environment.

The fixed-spreads at Xtrade are the highest in the industry.

Xtrade maintains one of the most expensive overall cost structures.

What Can I Trade.

Xtrade offers traders 56 currency pairs, 16 commodities, five bonds, and five ETFs. The bulk of assets consist of 280 equity CFDs, complemented by 13 index CFDs. The overall selection of 375 assets across six categories remains below average. Despite a reference to it in the education section of the website, Xtrade does not offer cryptocurrencies. New traders will find the choice sufficient to start trading financial markets, but more advanced traders will find that they do not have sufficient trading opportunities.

Xtrade offers a limited choice of assets, placing it near the bottom compared to all brokers.

Account Types.

Xtrade does not provide any information about its account type. It appears that the same option is available to all traders, from a minimum deposit of $250 with a maximum leverage of 1:400, according to data found scattered across the website. It represents an unacceptable approach and suggests carelessness at Xtrade. A one-page introduction to the account features is not only a minimum requirement but a necessity for new traders to understand what they are signing up for, and to determine if it will suit their needs.

Trading Platforms.

The proprietary trading platform, Xtrade WebTrader, is the only one offered at this broker. It is also available as a mobile version. While Xtrade introduces it as a next-generation trading platform, it lacks core functionality, including support for automated trading solutions, as it only serves manual traders. Xtrade also fails to introduce its trading features. It makes bold claims inspired by marketing efforts but does not provide details. A one-page trading platform introduction only shows a clean user-interface. The lack of transparency suggests that it remains a sub-standard solution, more than fifteen years behind its prime.

Xtrade fails to introduce its trading platform and deploys misleading marketing for a sub-standard solution.

Overview of Trading Platforms.

Unique Features.

The most expensive trading environment in the industry, a below-average asset selection, and a sub-standard trading platform are the unique features that stand out at Xtrade. The lack of transparency regarding its trading account and failure to introduce its trading platform is also noteworthy. Traders should also consider that Xtrade dropped the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC) as its regulators. From an analytical perspective, all signs point towards a broker in regression and one in a restructuring phase, resulting in an uncompetitive trading environment.

Research and Education.

Xtrade does publish some financial news content on a daily basis; however, the content is quite brief and fails to provide usable trading signals. In its place, traders receive a snapshot of the asset and its recent price action. While a blog is available, the last written update was made in October 2022, while the most recent video submission was in December 2022. It also has a cryptocurrency section, but Xtrade does not offer cryptocurrencies as tradable instruments. The daily videos provide the best quality offering for traders seeking research from Xtrade; unfortunately, the analysts use the MT4/MT5 trading platforms in the videos, neither of which are available at Xtrade. 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.

Xtrade publishes daily financial news.

They consist of a brief market commentary without trading signals.

The last updates on the Xtrade blog are from 2022.

Traders get daily videos with trading ideas, the best research provided by Xtrade via third-party contributors.

The video analysts use the MT4/MT5 trading platforms, confirming that the proprietary Xtrade WebTrader is a sub-standard alternative.

The education center at Xtrade features video tutorials on how to use the trading platform. Xtrade notes several features in the register and interface video, which it fails to mention elsewhere on the website. As such, it remains unclear what exactly remains available after this broker implemented changes. Traders can open a free and unlimited demo account, but Xtrade may not make all features available. Xtrade offers most of the educational value through 21 courses, with multiple lessons from a third-party provider. All video content is short, and quantity trumps quality. New traders can pick up some valuable information, and the approach is ideal for millennial traders who prefer videos of less than two minutes, accessible from their mobile phones. While Xtrade attempts to offer education, it does not appear genuine, and new traders will find a more comprehensive solution, free of charge, elsewhere. Xtrade requires registration to access most lessons, which is acceptable as long as traders do not have to commit to a minimum deposit for educational resources.

The eight video tutorials cover functions of the proprietary Xtrade WebTrader.

New traders have access to 21 courses with numerous lessons in short video format of often less than two minutes.

Customer Support.

Xtrade provides 24/5 customer service via phone, e-mail, and live chat. The FAQ section attempts to answer basic questions, and a glossary is also available. It also features a dedicated complaint resolution process, aiming to deliver exceptional customer service. While Xtrade does not provide response times, it does indicate an effort to assist its traders.

Traders have access to 24/5 customer service, with the live chat function the most convenient form of contact.

Xtrade also offers a dedicated complaint resolution process.

Bonuses and Promotions.

Xtrade grants traders a four-step welcome bonus. A first deposit bonus of between 30% and 60% will depend on the initial deposit amount; for example, a minimum deposit of $2,000 qualifies for a 60% bonus. Phone verification results in a $20 cash bonus; in addition, Xtrade will provide clients with one free trade. If the first trade results in a loss, Xtrade will reimburse the loss, up to $500. Completing the mandatory account verification process unlocks an additional 20% deposit bonus; limited to $1,000, it will be credited within 48 hours of the initial deposit. It should be noted that it appears that Xtrade allows clients to make a deposit without account verification. Xtrade also provides a cashback bonus of at least $10 if a trader completes 10.0 standard lots per month. It does not state $10 per lot, making it only a minor reimbursement for the excessive fees, as each traded lot results in $50 of revenues for Xtrade if the spread is 5.0 pips, as listed on the most liquid currency pair, the EUR/USD. Terms and conditions do apply, and traders must read and understand them before requesting a bonus from Xtrade.

Xtrade maintains a four-step welcome bonus program.

It also offers a cashback program, despite not charging commissions. It confirms that this broker is well aware that it is home to the most expensive trading environment.

Opening an Account.

An online application form processes new accounts. The first step merely asks for a name, e-mail, and phone number. Since Xtrade is a regulated broker, account verification is mandatory to comply with AML/KYC requirements. A copy of the trader’s ID and one proof of residency document usually satisfies this final step.

The Account Opening process is straightforward and in line with other brokers.

Deposits and Withdrawals.

Xtrade lists an extensive selection of payment options, but most countries remain limited to bank wires and credit/debit cards. The logos of a series of online payment processors exist on the website, but no further information is available. No country on the payment selection page shows them as a choice. Given that, it remains unclear what funding or withdrawal options clients can actually use. Xtrade does not charge deposit or withdrawal fees, but third-party costs may apply. Withdrawal processing times, per the FAQ section, can take up to ten business days.

While Xtrade lists over 55 payment options, most countries show only bank wires and credit/debit cards.


Xtrade appears to have taken several steps backward after dropping two of its regulators. It maintains the most expensive trading environment among all online brokers, and offers traders a below-average asset selection and a sub-standard trading platform. The research and educational services remain average, complete transparency is missing, and the overall trading environment lacks competitiveness. Xtrade does not support automated or social trading, and provides only limited trading tools to clients. The introduction of its products and services remains sloppy. Traders will find significantly superior conditions elsewhere.


Is Xtrade safe?

Xtrade is a regulated broker with a clean track record, in operation since 2003. Traders can consider it a safe broker.

How do I withdraw money from Xtrade?

All withdrawal requests go via the secure back-office, and traders can access it from the trading platform.

xtrade forex 3

Xtrade Review.

The broker XTrade first known as XFR Financial Ltd was established back in 2003, while recently headquarters in Cyprus and XTrade is one of large Forex Brokeks offering traditional trading through CFDs on shares, commodities, forex, and indices.

The company also continuously increases its ranges and adds instant access to the most popular Cryptocurrencies that are available 24/7 directly through the trading platform: Bitcoin, Bitcoin Cash, Litecoin, Dash, Ethereum, Ripple, and other digital coins.

The international proposal through performed through an established entity in Belize that allows international traders to open accounts and also get high leverage or other conditions. Yet, be sure you learn the differences between regulations and conditions well.

Where is Xtrade based?

The CFD investment broker is owned by XTrade Group Limited and is headquartered in Limassol, Cyprus. The company has several daughter brands, including XTrade Europe Ltd. and XTrade International Ltd which service clients from Dubai to Uruguay.

XTrade Pros and Cons.

We findXTrade is a trusted broker with CySEC regulations. XTrade provides good trading technology with platform selection and spreads on an average-low basis, the account opening is fast and there is a selection of Forex and CFD instruments.

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. Also, the broker doesn’t provide Islamic accounts to its clients.

Advantages Disadvantages Worldwide coverage through entities in the Cyprus and Belize Support not available 24/7 Forex and CFD instruments International trading done through Belize entity Good quality trading technology Choice between MT4 and Proprietary platform Low costs based on spread Fast account opening Quality customer support.

Xtrade Review Summary in 10 Points.

�� Headquarters Cyprus ��️ Regulation and License CySEC, FSC, ASIC, FSCA �� Platforms MT4, XTrade WebTrader �� Instruments CFDs on shares, commodities, forex and indices, Cryptocurrencies �� Costs 0.6 pips �� Demo Account Offered �� Minimum deposit $250 �� Base currencies Three currencies available �� Education Free education with courses and daily analysis ☎ Customer Support 24/5.

Overall Xtrade Ranking.

Based on our Expert findings, Xtrade is considered a reputable broker with safe and very favorable trading conditions. The broker offers a range of trading services designed for both beginner traders and professionals with low initial deposit amounts. As one of the good advantages, Xtrade covers almost the globe , so traders from various countries can sign in, also with the lowest spreads.

Xtrade Overall Ranking is 9.3 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.

Xtrade Alternative Brokers.

Even though Xtrade offers favorable trading conditions that might be considered one of the best, the broker has some drawbacks. For example, the broker doesn’t provide copy trading, a very popular trading strategy popular among beginners. Also, the broker doesn’t offer a Swap-free account. Here’s the list of Xtrade alternative brokers:

eToro – Best for Copy Trading XM – Best selection of Educational Resources Pepperstone – Low Spreads and Competitive Trading Conditions.


In fact, XTrade through its long operation spread around globally while serving clients from a vast number of countries. As a recognized company in online trading with years of experience and worldwide presence, the firm confirmed its status with many awards and industry achievements.

Xtrade & Cristiano Ronaldo – The broker supports various social activities which increase their presence in the world picture. Cristiano Ronaldo was Xtrade’s official ambassador of 2022-2022, which signifies an opportunity to support the world’s greatest footballer while promoting marketing-leading CFD trading products.

Is Xtrade safe or scam?

No, XTrade is considered a safe broker because is authorized by CySEC to provide lower-risk Forex and CFD trading. The regulation is tailored with a compensation scheme in case of a client’s insolvency.

Is XTrade legit?

The XTrade group and the company fully comply with the CySEC regulation, as per their headquarters in Cyprus and its obtained license, along with ASIC regulation and numerous registration and authorization across the EEA zone. The international brand that serves worldwide clients XTrade International operates in various jurisdictions through its license obtained by the Financial Service Commission in Belize (IFSC).

Even, in fact, this license is an offshore one, which is regarded as not safe enough on its own, the additional regulation by the European entities confirms that the broker strictly complies with international protective measures.

See our conclusion on Xtrade Reliability:

Our Ranked Xtrade Trust Score is 8.7 out 0f 10 for good reputation and service over the years, also the broker’s top-tier regulation is backed up with a compensation scheme. The only point is International trading available via the offshore entity.

Xtrade Strong Points Xtrade Weak Points Regulated international broker Not listed on Stock Exchange CySEC and ASIC authorized Runs offshore entity in Belize Cross border licenses and global coverage Negative Balance Protection applied.

How are you protected?

The client’s funds are always segregated as we see through our XTrade Review, which means an account in which the trader’s assets are kept is separated from the broker’s assets that enable security and money protection, while also every client account is opened under the Investor Compensation Fund .

Furthermore, Xtrade continuously monitors its operations as per regulatory requirement and provide comprehensive security for all online transaction or manipulations provided.

In addition, according to the regulation sets the trader cannot lose more than the initial deposit, since the broker applied negative balance protection, which all in all makes XTrade considered to be a safe Forex broker .

Xtrade Leverage.

Leverage is a quite unique opportunity to magnify trading potential using the tool of leverage. However, every trader should remember that leverage can work both for you as well as against you, so you should be cautious when using it and learn more about how to use tool smartly.

In terms of the XTrade leverage offering, as there are two main regulatory obligations the clients of different jurisdictions will fall under specific levels of leverage.

European clients or those traders that are operated under the CySEC regulation, as per current updates are allowed to use maximum leverage of 1:30 . The International clients operated through XTrade International may enjoy leverage till 1:400 .

Account types.

Through one Xtrade single account, you are able to trade across multiple devices that make no difference between the traders. In the beginning, the trader can always try out the risk-free environment through Demo-account opening.

You can either grow your account so that once the account reach or holds a balance of a certain amount it will turn either to a Premium Account with 1,000$ balance, a Platinum Account with 5,000$, and a VIP Account 25,000$ accordingly. 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.

Pros Cons Fast account opening None Five Account types offered depending on account size Selection between three base currencies Demo Account Analysis and Exclusive Education for VIP clients.

How to use Xtarde?

In order to use Xtrade, you need to open a live account first. Opening an account with Xtrade is quite easy, you just need to follow the steps of the account open, verify your details and select the account type of your preference there’s a quick guide on how to open a live account with Xtrade:

Step 1 – Online Application on trader’s platform Step 2 – Approval Process Step 3 – Funding.

Trading Instruments.

Our experts found that Xtrade trading instruments or trading products are offered through a popular CFDs or Contract for Difference model, which allows vast flexible opportunities for price speculation without particular ownership of an asset.

– Xtrade Equity CFDs allow trading CFDs worldwide on the most actively traded shares– Apple, Google, Nike, JP Morgan, IBM, etc. With a 5% Initial Margin.

– Forex Trading includes the most popular international currency pairs – EUR/USD, USD/JPY, etc. Xtrade trading system provided over 50 leveraged Forex pairs with leverage up to 1:400.

– Index CFDs – S&P 500, Dow Jones, etc. The contract value of one Index CFD equals the price quoted in the currency of the Index. The broker offers the market fixed spreads between the buy and sell prices and no commissions.

– Commodity CFDs – Gold, Silver, Oil, Natural Gas, etc. The contract value of one Commodity CFD equals the price quoted in the currency of the commodity. For example, if Gold CFDs are trading at $1,200.50, then the value of one ounce of Gold CFD is $1,200.50.

Xtrade Markets Range Score is 8 out 0f 10 for wide trading instrument selection, yet the only drawback is that the European entity offers mainly CFDs and Forex Instruments, and the range of the instruments depends on the jurisdiction.

Can I trade Crypto with Xtrade?

Yes, our research showed that the broker provides access to the most popular cryptocurrencies available directly on our trading platform: Bitcoin, Bitcoin Cash, Litecoin, Dash, Ethereum, Ripple, and many other digital coins.


Our experts found that XTrade offers various technical solutions and tools for better trading conditions, along with reduced costs with no commission policy but only fixed spreads (e.g. spreads between the buy and sell prices for EUR/USD 2-5 pips). Additional costs like non-trading fees, funding fees, and inactivity fees are ranked below.

Xtrade Fees are ranked low with an overall rating of 8.9 out of 10 based on our testing and compared to over 500 other brokers. Fees might be different based on the jurisdiction, see our findings of fees and pricing in the table below:

Fees XTradeFees BDSwiss Fees AvaTrade Fees Deposit fee No No No Withdrawal fee No No No Inactivity fee Yes Yes Yes Fee ranking Low High Average.

Xtrade Spreads.

XTrade trading fees are based on an Xtrade Spreads Only strategy, with a fixed amount, which means that traders’ costs are included in a spread, which is the difference between the bid and the ask price of a financial instrument. To see the Spread value for each product please refer to the table below that gives you a reference on a price model, however, check the most accurate data on the official Xtrade website or platform.

However, the trader will have a better price offering from the XTrade broker as long as the account size or type increases. Thus, the spread of the common EUR/USD pair is fixed to 5 pips in Standard Account, 3 pips in Premium and Platinum, and 2 pips in the VIP account.

Overall Xtrade spreads are considered to be a low spread offering among the market, for instance, check out and compare Xtrade to FP Markets fees.

Xtrade Spreads are ranked low with an overall rating of 9 out of 10 based on our testing comparison to other brokers. We found Forex spread much lower than the industry average of 0.6 pips for EURUSD, and spreads for other instruments are very attractive too.

Asset/ Pair XTrade Spread BDSwiss Spread AvaTrade Spread EUR USD Spread 0.6 pips 1.5 pips 1.3 pips Crude Oil WTI Spread 1.5 6 3 Gold Spread 10 25 40 BTC USD Spread 95 2000 0.75%

Swap fee.

Keeping a position open after a specific hour (approximately 22:00GMT), subject trader to an Xtrade funding premium fee or overnight fee that is subtracted from the trading account. This premium covers the cost of the associated funding and varies from the asset for another, e.g. Eur/Usd fee for sell or buy is around 1.8.

Deposits and Withdrawals.

Clients have many options to deposit or withdraw the funds, however, clients should check whether the particular option is available in their location. It is easy to do on the official XTrade website.

Xtrade Funding Methods we ranked good with an overall rating of 8.5 out of 10. The minimum deposit is a bit higher for the industry, yet fees are either none or very small also allowing to benefit from various account-based currencies, yet deposit options vary on each entity.

Here are some good and negative points for Xtrade funding methods found:

Xtrade Strong Points Xtrade Weak Points Fast digital deposits, including Credit Card, Debit Card, Electronic Wallet, PayPal Conditions may vary according to trading entity No deposit fee Withdrawals free of charge.

Deposit options.

So our experts found the available methods include the following ones, so you can choose the most convenient one for you.

Credit/debit cards, bank transfers, American Express, PayPal, Skrill and many more common options.

There are no deposit or withdrawal fees charged to the client from the company,

XTrade minimum deposit.

The XTrade minimum deposit is $ 250 , yet you should calculate and cover necessary expenses since the variety of trading instruments offers different margins and spreads. E.g. to open a new position at equity, the account must exceed the trade’s initial margin level requirement. Also, Xtrade occasionally runs promotions offering lower deposit threshold minimums.

XTrade minimum deposit vs other brokers.

XTrade Most Other Brokers Minimum Deposit $250 $500.

How much does Xtrade charge?

Based on our research the broker doesn’t charge any deposit/withdrawal fees, however, it charges an Inactive Account Fee of up to $50 USD per month is assessed to Xtrade accounts that are inactive.

Does Xtrade have no deposit bonus?

No, Xtrade doesn’t provide no deposit bonus.


XTrade Withdrawal fee or deposit charge is 0$ which means the broker covers transaction expenses unless your own bank or payment method requires some performance charges in case of the wire transfers. If you deposit via credit card, any withdrawal amounts will be returned to that credit card. Likewise, if a deposit is made via bank transfer, the withdrawals will be transferred back to your bank account.

Xtrade Trading Platforms.

The Xtrader platform range offers mainly an online-based proprietary software, as well as to stay trading with an industry leader MetaTrader4 . However, the proprietary platform gained numerous rewards , from both industry professionals and the traders, thus you may try and then never leave the XTrade platform.

The platform does not require installation and offers a rich set of trading tools for optimal trading, as well enriched with market analysis and fast execution of orders .

Xtrade Platforms are ranked Excellent with an overall rating of 8.8 out of 10 compared to over 500 other brokers. We marked its proposal great since the broker offers industry-standard MT4, also its own proprietary platform that has already gained recognition due to its great conditions.

Trading Platform Comparison to Other Brokers:

Platforms Xtrade XM Pepperstone MT4 Yes Yes Yes MT5 No Yes Yes cTrader No No Yes Own Platform Yes Yes Yes Mobile Platform Yes Yes Yes.

Mobile Trading.

In order to never miss an opportunity, Xtrade developed a powerful mobile platform that is available on iOS, Android and Windows . The mobile platform is customer-friendly and supported by alerts and professional charting tools.

Desktop platform.

Overall, as a trader you will get access to real-time charting and almost all possible manipulations in the web platform or its applications, which is fully intuitive and easy to understand or perform even to the newbies, not considering professionals that will find the full capacity of very powerful features.

Customer Support.

Based on our testing, Xtrade provides also multiple support that increases the trading experience and makes it a smooth process. You can reach out customer team through live chat, email, or phone lines, also due to international coverage, there is multilingual support and centers that run 24/5.

Customer Support in Xtrade is ranked Excellent with an overall rating of 8.3 out of 10 based on our testing. The broker provides omnichannel support available in multiple languages. We got some of the fastest and most knowledgeable responses compared to other brokers. The main problem is that the broker’s support is not available on weekends.

See our find and ranking on Customer Service Quality:

Pros Cons Quality customer support with live chat Support not available 24/7 Fast and relevant response Live Chat availability.

Xtrade Education.

Based on our research, we found broker’s great selection of trading education suitable for both beginners and advanced traders. The broker offers a great variety of courses, articles, video tutorials, and glossaries. You are able to develop trading skills and strategies with professional trading tools , along with educational resources and daily market reviews , which makes it possible for beginners to join as well.

Xtrade Education ranked with an overall rating of 8.9 out of 10 based on our research. The broker provides very good quality educational materials, and excellent research also cooperates with market-leading providers of data.

Xtrade Review Conclusion.

Concluding XTrade review, the broker brings stable and reliable conditions to trade. Their main offering mainstays on a fixed spread with no hidden fees , powerful online-based platform and comprehensive trading instruments variety . As a regulated broker, the company does follow the strict rules of the client’s protection along with the funds’ security and safe trading environment. What is pleasing also, is that XTrade supports their traders by various means , from excellent support to 0$ fees on money transactions, as well as widely supported methods.

We concluded that Xtrade flexibility in terms of platforms, currency pairs, and a number of provided solutions is a truly turnkey advantage. The broker offers competitive costs and excellent education material suitable for traders of different levels.

Based on Our findings and Financial Expert Opinions Xtrade is Good for:

Beginners Advanced traders Professional Trading Investments Traders who prefer MT4 platform Algorithmic or API traders Currency and CFD trading Variety of trading strategies Good customer support Excellent educational and research materials.

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99 responses to “Xtrade”

Armando says:

Trabajar con x-trade.mx no es satisfactorio. Hay papeletas, hay artículos, y el dinero prácticamente no se muestra. No funciona como el terminal en x-trade.mx en absoluto. Empecé a cambiar la vida aquí. Primero, fui a cursos, luego me entrené en una cuenta demo y luego en una cuenta real. No termina sin bien, ¡no lo recomiendo!

Bob Standley says:

I have been around the world and have picked up a few phases of Spanish, I note that the 2 reviewers, if I’m correct end their reviews with a negative comment.

Armando says:

Gracias a este proyecto, xtrade-opiniones.com comenzó a trabajar en el invierno de 2022, abrí mi cuenta el 12/10/18 para conectarme, nadie ayudó en este caso. No tenía experiencia previa. El trabajo en el proyecto no está muy satisfecho, fui elegido para mí como un comerciante que tiene bajos ingresos, lo cual es muy difícil de obtener con un depósito bancario en una moneda extranjera. Para mí es muy importante que no pase tiempo en estas operaciones en la terminal, y la ganancia mínima se produce todos los meses. Esta plataforma no cumple mis deseos y requisitos en absoluto. Quién planea trabajar con él y tiene dudas, puedo recomendarlo con seguridad. Hasta que lo intentes, no reconocerás el engaño y las grandes promesas.

Luis says:

Estudió en xtrade-estafa.com y no obtuvo lo que esperaba. Anteriormente, representé al mercado y entendí cómo ganar dinero. Después de dos días de estudio aquí, no sabía nada y no entendía los algoritmos de esta compañía. Parece que los gerentes y gerentes solo quieren obtener dinero de usted. Lo explicaron tan fuerte que pensé que ganaría millones con ellos. En la práctica, esto está lejos de la verdad. Los gerentes muestran cómo funciona la terminal, cómo abrir ofertas, usar herramientas, pero el pago de dinero es casi irreal. El comercio aquí a través de estrategias conduce a cuentas negativas. ¡Así que no se los recomiendo a nadie!

Bob Standley says:

I am a Australian citizen and only speak English, how do I read reviews that are in Spanish or Hindi.

Edward Showr says:

I have worked with xtrade company and still operating an account with them, honestly, the company is one of the best legitimate and transparent online trading firms if not the best, I have worked with many other brokers in the last 15 years, so far, xtrade experience is the best.

Mohammad abdul HAdi says:

This company are scammers stay away from them better.

Franco Azevedo says:

I can’t say i did’t have any experience at all when I started trading here. Yet, neither I am a professional market participant. I other words, trading is a hobby for me and my level of understanding the details of the market and its participants is corresponding. The broker has pleasantly surprised me with the quality of executions. The platfrom is webtrader which is rather intuitive and definitely is enough for daily market analysis and active trading. I didn’t have much reasons to test the support service, which I guess can be counted as an advantage too. Overall pleased with the experience here.

Lintang Anggraini says:

Does the executions speed differ with MT4 and Webtrader?

Argus Miskos says:

I traded on different trading platforms, including MT4. I also already have quite an impressive experience on the WebTrader platform from xtrade. So when comparing order execution speeds, of course, I didn’t measure to milliseconds, but I can say that I definitely didn’t notice any difference in execution speed. I can even say that webtrader platform is faster on many points, for example when trading on the news, orders open very fast and slippage does not seem to be a problem. I can’t say for everybody but I find the web version very convenient.

Jaromir Jakuba says:

You are probably a beginner and are just thinking about opening a XTrade account. This broker only has access to WebTrader. You don’t need to download software to your computer. You can trade from any device whenever you want. And the speed of order execution is excellent here. By the way, XTrade has an excellent mobile application. I recommend.

Patryk Wysock says:

Please tell me how can I trade with Xtrade using my smartphone?

Wahyu Hidayanto says:

I started working with Xtrade because this broker has a really good level of education. Here you can find training courses with trading strategies. This is great. Because I immediately got a ready-made strategy in order to make money and I don’t have to come up with everything myself. You just need to open an Xtrade demo account and start training your skills. There is everything for this. Firstly, an excellent trading platform with the necessary functionality, and secondly, a good support service that will answer questions. In addition, I want to say that Xtrade has a good bonus system and many will be interested to know about it!

Subal Gyawali says:

I’ve only been trading here for two weeks, but I can already say something. Xtrade is a good broker. I learned to trade here and got bonuses in the beginning. There is a really good bonus system here. In addition, there is a very convenient trading platform that can also be installed on a mobile phone! I also want to say that the broker is honest and reliable. Yesterday I brought money to the card for the first time. Everything was without any problems!

Anshu Wagle says:

You can download the Xtrade mobile app for iPhone or Android. It’s free and very convenient.

Thai Shung says:

What can you say about the trading platform that this broker offers?

Shan Chuan says:

This broker offers its own WebTrader trading platform. There are mobile versions for iOS and Android. Convenient charts, analysis indicators and trading assets are available: stocks, indices, bonds, forex, commodities, ETFs.

Manoj Bastola says:

Choosing a broker for forex trading is not an easy process. I usually try to spend a bit of time before making a conclusion as further results of trading might be very vulnerable to the first choice. XTrade has a set of proprietary platforms designed to work with any gadget. I can install the software on my desktop computer to get the full version and all of the features, I can log in using a smartphone or a tablet. This points out the attitude of a broker that is focused to tailor a trader’s needs. Next, the company is regulated and has a license to operate in the financial markets. Someone might need tighter regulation, but the trading conditions will be much more consevartive in that case. Since I use quite an aggressive trading method, I take advantage of the flexible leverage that Xtrade provides for the wide variety of assets in the trading platform. Finally, I think that a broker has to deliver fresh analysis and actual market updates for its clients. XTrade does that properly.

Tirta Pratama says:

I am very glad that I found this company for Forex and CFD trading. It seemed to me that this is an excellent broker .. and then I realized that it did not seem to me) This is so. First of all, I liked that there is a high-quality education. I immediately realized that the broker really wants to teach us how to trade with profit. There are all the possibilities for profitable trading here: 1. Convenient trading platform; 2. A large number of assets; 3. Low spreads. Xtrade broker is a good choice!)

Antonio Rezende says:

What can I say, in the beginning I was very satisfied. Now I have discovered some shortcomings. No, I was not disappointed with the broker, rather I just saw a better picture of trading with Xtrade. The main advantage is undoubtedly fixed spreads. 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. It has disadvantages too – not enough tools for analysis and no possibility to set your own algorithm (at least I couldn’t find). But if standard indicators are enough for you and at the same time your strategy has stable spreads then Xtrade is not a bad choice. I have a question, what is the training possibility at the broker?

Diego Aranda says:

I like the possibility to trade with fixed spreads. They make my daily news trading less stressful. I don’t regret neglecting reportedly tighter floating spreads because my peace of mind is more crucial.

alisson says:

scammer company. open account and depo. fund manager ask to open trade then within 1 mins account wipeout due to big leverage 1:20. i have seen never trust this broker again.

Baldev Verma says:

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. I chose the company Xtrade and I was really lucky. At the moment I only tried myself in commodities trading. I trade with profit. It just motivate me to keep going. The company is reliable. I’m not afraid to trade here and I’m not afraid to deposit big money. I trust Xtrade completely. There is training for beginners. So everybody who is just recently interested in Forex – come here. Xtrade is a professional in this business, it can be seen by the reviews.

Edmund FagyanqMB says:

Yes,I do need more training as a beginner in xtrade.

Leopold Clavel says:

I decided to do forex trading. And the question of the trading place came up. When I started to search, it turned out that my friend had been trading on the platform of Xtrade for a long time. And he speaks only positively about her work. So I tried it and I am very satisfied. The company has good conditions, great analytics and user-friendly interface. I get a lot of pleasure from trading and I advise everyone to try it!

Jonas Colin says:

Tell me, can I get deposit bonuses if I open a trading account here.

Janis Albrecht says:

This is a very interesting question because Xtrade broker offers a unique bonus system which no other broker offers. For example, by opening an account with this broker you receive from 30 to 60% bonus, and if for example your deposit amount is $ 10000, then as a bonus you will get additional $ 6000 to your account! 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. So if you’re looking for a broker with a good bonus system, this is the place to go.

Hassan says:

Yes true they gave bonuses but when it comes to withdrawal then you can’t withdraw anything due to bonuses eating up all your deposited/profitable money. Even though your bonus will be realseased due to some xpoints you earned or even deposite money to get rid of the bonus, however, you will be shocked that bonuses are still under your account and it will appear all in a sudden when you decide to withdraw. Avoid this platform, they are scammers.

Hank Eichinger says:

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. Nevertheless, I have been always interested in trading and always wanted to try my hand at this new way to make money. My friend helped to start trading. He helped me to choose a broker. He just recommended the XTrade brokerage company. He trades with them. As for trading skills, I’m still in the process of acquiring them. I signed with the broker, traded for two months on a demo account and now I try to work on a real one, trading microlots (0,01). Microlots are safe. You can’t lose a lot, although your gains will be miserable too, but it’s good training and it gives real emotions – the thing I didn’t face on a demo account.

Odin Johansen says:

Trading with this broker is not very difficult, but I traded for a long time on a demo account to learn how to use all the Xtrader functions. The trading platform has all the necessary set of tools for trading and analysis. When I opened an Xtrade demo account, I still did not know anything about CFD trading, but I was very interested in all this and I understood that I needed to use this opportunity to make money online. I think this is everyone’s dream. Just imagine how you wake up in the morning whenever you want, slowly shut up, watch financial news and open a trading platform to open a trade. It sounds very beautiful and incredible. You’re right, it’s incredible if you don’t do anything about it. Therefore, it is important to practice and use the Xtrade tutorials on the website. Many traders say this broker is good at training. I think it is good!

Chuen Jimmy says:

When I open the account, they mention about the great bonus package. The sales claims that when you lost money, they will deduct from the bonus first. I deposit 4000 and they give me 1600 bonus. I lost. Then I deposit another 4000, lost most of it and I try to withdraw the balance, they told me that I can not withdraw because I have bonus in my account so I can’t withdraw…. HELLO^^^^^ I deposit 8000, and there is only 266 left, I try to take the money out but I can’t…. If it is not scam…. I don’t know what is…. Strongly recommend NOT to open account with them.

jimmy chuen says:

After I make this complain and post to different web-site, I can’t even get to my account anymore (but I still have money in my account, if it is not scam, I don’t know what is)…. When I open the account, they mention about the great bonus package. The sales claims that when you lost money, they will deduct from the bonus first. I deposit 4000 and they give me 1600 bonus. I lost. Then I deposit another 4000, lost most of it and I try to withdraw the balance, they told me that I can not withdraw because I have bonus in my account so I can’t withdraw…. HELLO^^^^^ I deposit 8000, and there is only 266 left, I try to take the money out but I can’t…. If it is not scam…. I don’t know what is…. Strongly recommend NOT to open account with them.

Edoardo Martini says:

In my opinion, the structure of the XTrade bonus program is awesome. I received a welcome deposit bonus and increased my possibilities for trading. The first trade was totally risk free. After some time, I calculated the amount of money that I was able to save on broker’s commissions after I received XPoints, and came to a conclusion that the profitability of my performance jumped. So it’s good to trade with a broker that understands the needs of a trader.

Brancon says:

I try not to stick with bonuses because they restrict my freedom. I’d better coun on my own capital. That’s much simpler. I don’t want to suddenly lose my open trading position because I know bonuses don’t work in the red.

Kenneth says:

The Xtrade platform is successful, I searched a lot for reliable brokers, but I stopped at a broker with a good reputation and I was not mistaken. It took me a long time to study the markets and elementary things about how to work. I got accustomed to the broker pretty quickly, invested a small amount of money and started working. It was very interesting at first, I liked it very much, especially when I earned my first money. Now I just go to the terminal like I go to work. The first excitement is gone, now I just work steadily. I am satisfied with everything and recommend it to everyone. What strategy do you use to trade here?

Stylianos says:

Do I need to take into account inflation when buying government bonds?

Jhohar Bednar says:

The point is that when you trade with an xtrade broker, you are not buying the bonds themselves, but the CFDs. This means that you do not own the real asset, you do not buy it permanently, and once you make a trade you have to close it after a certain period of time. Therefore, all you will have to consider for trading is the broker’s spread. And the spreads here, by the way, are very small.

Jonah Nieminen says:

A good broker with an innovative trading platform. What characterizes their trading platform is that the web version works equally well with the desktop version. The tablet version has great navigation, a good selection of indicators, and instant order execution. By the way, if we talk about the technical support, it is available in many languages, including Arabic and Spanish. 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.

Theodor Paulsen says:

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. I do rarely trade major pairs because I find them quite difficult to trade. Yeah, sometimes I manage to catch the right moment and enter the market on majors but I should confess that it occurs rarely. I don’t know how it could be explained. Perhaps, these assets are not for me and I find this explanation very rational. On the other hand I feel comfortable trading cross pairs and exotic pairs and therefore my percentage of profitable trades is higher than what I demonstrate on majors. So, I came here and started trading cross pairs and exotic pairs, but then I noticed that they have something else worth trying. I mean ETFs. I heard about them but I didn’t try them before. I tried them and liked. Now I can say that I trade them as often as cross pairs. I should stress that I never bother myself with fundamentals when trading ETFs because I try to make things simpler. I have already proven that just relying on technical analysis would be enough in ETF trading.

Maxime Grout says:

It’s cool that Xtrade gives opportunities to try different approaches, thus increasing the likelihood that one will learn, stay and work more steadily in the market.

Axel Durand says:

This is one of the few normal, reliable brokers. Believe me, I have traded in several places, and there is really very good quality of order execution on the trading platform. 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.

Matteo Longo says:

I enjoy trading here. I made a decision to join this brokerage company after I reviewed their trading conditions and found them very suitable. They offer a reasonable leverage size. It accounts for 1:400 if I’m not mistaken. I don’t need higher leverage because I’m a very cautious trader. Earlier I tried to work with higher leverages, including such extreme ones as 1:2000 but in most cases it wasn’t for good. When I trade with 1:400 leverage, I have a feeling that I control the situation. With this leverage I can build trading strategies. Secondly, I appreciate the broker’s trading platform, Webtrader. It’s much easier to use than Metatrader. I mostly trade currencies but for the last time I have become interested in ETFs. That’s the first broker I tried ETFs with. They are much better to trade than stocks because here I don’t need to worry what might happen with the company whose stocks I bought or sold because in this case I deal with the entire industry, such as healthcare, for example.

Tuomin says:

A broker is needed in order to make money. This is CFD trading and nothing else. This company offers many different things to attract more customers. I don’t like it very much, but it might be here. I think that the broker should just provide good and high quality trading conditions. By the way, the trading platform is good here. And a lot of assets. There is no problem with that.

Oximor2022 says:

Normal terminal. There are not very many asset. There is a demo, you can use it as long as you wish.

Mohammad says:

They call me thro the phone after i sign up in signal app (THEY TOOK MY by data after sharing Information from another app ) – and they ask me if i am interested in stock and crypto so i say yes . – they try to force me to put some cash in the xtrade and they say we will give u bonus if u do it while we are on phone ,, thats weird ! so i told him i will not do it now , i will do it when i want but not now . so he say wait i will let the boss talk to u �� she is a women and she say lets do it while on phone ( Again ) so i say not now �� then she say ok i say ok .. bye bye ! ((((( then they spam call every day 4 times ! ))))) i told the man stop calling me every time please .. then he act so rude ! and say some bad things and he close the phone ! just void this company ( they are 100% SCAM )

Franck Briand says:

As of now I can say that my experience with the broker is positive. On one hand, there’s nothing special here that I could praise. I think today it’s hard to surprise traders. I mean those who have sufficient trading experience. So, I mean that competition is getting fiercer in the brokerage industry today and it makes brokers offer nearly the same services and the same choice of financial instruments. Here I found nearly the same what I saw with other brokers. I decided to stay here because it proved its reliability during the test period and that’s all. I can add that I first tried ETFs here. They are a bit easier to trade than stocks but it’s not a panacea – you still need to analyze the market correctly.

Fabrizio Caruso says:

True, not every broker gives you the opportunity to trade ETFs. Props to XTrade for that. As for stocks trading comparison, it’s different in terms of safety, if you can put it that way. Because ETF has multiple underlying assets, it hedges itself in some sense unlike stocks.

ahmooi Yap says:


Onni Jokinen says:

for closing your account you better to contact with support team for more useful and fast cooperation. a friend of mine try it once, so it will help you. broker’s support team and company itself as well works nice.

Peterpan says:

Total cowboys..they steel your money and threaten you.. shower of con artist..keep ringing you on different numbers….stay away.

rob cadman says:

There are the worst. Total scammers and will rip you off. They ripped me off thousands of dollars.Do not use or trust them. Try IG TRADING OR PLUS500 they are legitimate trading platforms.

Paldon says:

I working with Xtrade because it is 19 years of experience. A lot of curency and cfd instruments. I’m wanting to trade stock somedays like real investor. I think every one can trade or investing, not be afraid to try.

Frederico Vieira says:

Maybe I was lucky, but so far the broker only makes me happy. Recently I was not able to sit in front of the monitor, I used their web-application. Monitored all my trades right from my smartphone! I saw that they have bonuses. Haven’t looked at it yet. Did anyone get bonuses, guys? What’s your advice regarding the bonuses?

Larreth says:

I know that Xtrade offers several bonus options. Some belong to welcome package, and others are available for VIP customers. Welcome bonuses are easy to get. All you have to do is make a deposit and verify your account. I got nice bonuses and gladly used them in trading!

Oliwier Lis says:

I trade currencies with this broker. I like usual deposit/withdrawal methods. I use bank and electronic payments. All these deposit methods are available with this broker. Initial deposit here can be up to $250 and I’m okay with it. Trading conditions (spreads, swaps and everything else) are normal and typical for forex brokers. According to my experience there were no unexpected slippages or any strange price movements. Of course, you should understand that news events can impact quotes greatly and it’s OK. I don’t enter the market when news are comming! It is significant for me that my broker provides accurate market analysis. This broker provides information on major economic events and economic news. I ensured xtrade team evaluate market situation professionaly and give high-quality analytics. In my opinion such information is part of broker’s reputation so I am sure about its quality. I use this knowledge in my trading. It is pleasure to work with a broker that suits you. I wish you find such a broker, too!

Merijn Bakker says:

The main advantages of the broker: experienced, no commission, award-winning proprietary trading platform.

Flameblood says:

Company offers web-based platform for online trading. Broker doesn’t have any applications that need to be installed on your computer. Instead, they only have web-based platform. I didn’t find out how to use it right away because I used MT4 to trade before. I spent some time learning platform, and now I don’t have any problem using it. The Mobile version of the platform for my smartphone today is suitable also.

Idrad says:

Xtrade trading platform is really very intuitive. It took me literally half an hour to get along with it. It is 2 in 1 also, and can be used to manage your account, for instance to withdraw money. Eat that MT users!

Dario says:

All web platforms have one advantage – you don’t need to install them. Instead, you can run it right in your browser. It’s very suitable.

George Smith says:

Are there any differences between Xtrade demo and real accounts, in terms of trading conditions?

Homner says:

In my opinion, this broker provides high-quality service. I will tell you a bit about one function of platform. I think not many people use it, but it is crucial. Trading platform used for trading can work in demo account mode. Demo account does not need activation. It functions immediately after registration of trading accounts and deposits. To switch to demo mode, you need to press special button on platform. Demo account is deposited automatically within 7 days after registration of main account. Trading in demo mode does not differ from real mode. All charts and instruments function the same way as in real mode. Hope it will be helpful for someone.

arkar says:

Yeah, it’s strange but not many people know that! Xtrade provides functional trading platform and that’s a fact!

Abel Vidal says:

Are there any advantages of demo trading at all? I don’t really think so. In my opinion, it’s just a waste of time, as demo trading brings nothing to your life and doesn’t affect trading skills development. But, anyway, the Xtrade platform is pretty quick, and I bet if you want to trade on the demo, you will be glad, as everything is smooth.

kosinath says:

Oh my gosh, it’s blessing that I had mobile app! Opened sell on gold and forgot about. When I remembered, I saw that price had not hit target and had turned around… I closed trade just in time!

Tomasz Wiśniewski says:

Having regulation was definitely one of the criteria on which I made my choice, it’s important – it means I have certain guarantees.

Georgios Kazantzis says:

My friend once have advised me this company to consider it for trading. I opened here a demo account and was really engaged into trading here. I liked the simplicity of interface here and the whole platform seems to me quite clear. There is nothing that would be unclear to me, deposit/withdraw buttons, information about bonuses and XPoints. Video tutorials for new traders are also fascinating, you can choose either beginner course, terms ebooks or maybe various trading tools. Advanced technical analysis ebook was the thing I added to wishlist. I really want to get acquainted with TA in advanced level. If you are a newcomer then you will certainly have no difficulty with terms and notions here. Didn’t find any information about XPoints, don’t know how to interact with them, it may confuse newcomers who want to meet these Xpoints.

Tobias Dietric says:

for more about xpoints you better visit trading info in Trading info section. here you will find a table which shows the number of xpoints receive bonuses depending on each.

Alejandro Santiago says:

I highly recommend to trade new assets with xtrade. New instruments give more volatility and trade situations to make a profit! Some of them are so hype! I trade indices at webtrader platform and my mobile app. Nice!

Grassi says:

Xtrade has a lot of assets, I think you can pick up something interesting apart from indices. There is no need to give any advice here, every trader chooses for himself, the main thing is that there is a choice…

Tav44 says:

I can’t see any meta trader platforms. Are there any of them at Xtrade?

Peeter Kuusk says:

I want to tell about broker’s commissions. You can find some information about broker on Internet, but I don’t think it says much about commissions. That’s why I’m sharing my experience. Broker receives spread. This is expected commission. Next, keeping position open for another day leads to Premium charges. Broker doesn’t take commission from customers for funds deposit. But you need to check banks fees. Withdrawal of money is also not subject to commissions. These are all commissions I faced with. Good luck to everyone!

Lightar says:

I began to study in the university recently. And now i’m planning to trade more on the go. I used to trade via xtrade’s mobile app and that was nice experience. But i want to know if mobile version is compatible with android powered tablet?

Raimo Remsu says:

I knew straight away that I was going to use a mobile app. I think it’s more convenient, because I don’t leave home without my smartphone, and my laptop isn’t always convenient to take with. I can say that it’s set up quite similar to anything you’ve seen before, if you have any experience. So it’s quick to understand what and how it’s organised, how to zoom in on a chart or set a level. I haven’t noticed any problems.

Hampton says:

What are the most valuable assets here? What do you recommend to trade and what have the most attractive conditions? I mean assets.

Snakot says:

Nowadays everybody has an opportunity to experience what it’s like to be a shareholder of Apple or Amazon. The company provides stocks from all of the major stock exchanges all over the world.

Andrzej P. says:

I liked that they didn’t skip on analysis and did quality analysis. That helps. I don’t really like the web traders in general. I would like a metatrader solution. Although I admit that this may be just my subjective opinion.

elgren8 says:

Recently started trading here and actually I didn’t even opened a real account. I still have some questions, concerning the conditions proposed by this broker. Due to customer support I received the reponds on the most part of them. However, I, perhaps, have already annoyed them and wanna ask here. Anybody knows about leverage trading here? Is it worth trading or it’s better to stay off this idea?

Badkert says:

Never traded CFDs before. My journey in trading started from crypto when I wanted to catch the wave of crypto hype. I managed to do it, but not for a very long time, as I was lack of experience, I ended up with the zero deposit. Wanted to trade crypto here too, but changed my mind and decided to ETFs trading. This broker offers lots of assets for trading.

Marco Vitale says:

What is the premium fee at Xtrade?

Nulgart says:

Attention newbies! I noticed that on all forums same question: What about the platform trading hours? And why can’t I trade on weekends? Answer: You can trade on platform from 21:00 Sunday GMT to 21:00 Friday GMT. Time changes might happen due to Daylight Saving Time. Keep it in mind when trading! By the way, some instruments available only at certain times. To find out more details about each instrument you can google it. If I am not mistaken, you can find detailed information about each instrument on broker’s official site. I think some information about opening hours is there. As for trading on weekends, here everything is simple. Financial markets don’t work on weekends! So you have to rest �� Exception cryptocurrencies. Cryptocurrency markets work on weekends.

Edoardo Fiore says:

Are there any educational services provided by Xtrade for unexperienced traders?

Gioele R. says:

Yeah, there’s something interesting on their site. For example, on their site I learned about bonds for the first time. Earlier I thought it was something boring such as stocks or smth.

gilmarr says:

once was lucky to trade with this company and can state that this broker deserves to be noticed by trading community. wonder why traders skip this broker when they see the reviews on the forum, but I was the man who didn’t skip it and didn’t regret of course. there are tons of assets for trading, well developed educational center and these things delight anyway. 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. so, just register, open demo and start getting involved into trading without any second thoughts.

Erik Schubert says:

There’s a sheer amount of information I can put out there about XTrade and share with others, since I am a long-term trader with them. This is a place where your account and funds will be safe and sound, so no worries with that. Basically, what you find is easy and fast deposit and withdrawal, education, daily analyses, a lot of assets to trade on a swiftly working platform. The spreads, and overnight swap fees are, even on commodities, are lower relative to industry, nothing extra or hidden. Any questions I had, I took up with the customer support, and they have been nothing but a delight. I’d summarize to avoid rattling off. 1. Safety: You get the feeling of that real quick. 2. Trading & Platform: You will find pretty much everything you need, even if you’re high-level. 3. Costs: Fixed, low and transparent. 4. Support: I’d give an A+ Long story short; satisfaction!

Magnus NN says:

Why should I choose this broker? What is something special about that can make me join it?

Riabhaichen says:

Look. I can describe to you. Yeah, the bar on the left is kinda… unusual, yeah. I used to see the bar on the top of the website, but, anyway, it’s like a business card of this broker. It offers plenty of various instruments, tools, and what is more important – opportunities for traders’ development. It doesn’t depend on the bar placement… Xtrade is an original broker. There are various learning materials and other stuff that may positively affect any trader regardless of his expertise, knowledge and wallet. It ought to be highly appreciated by trading community.

Niek Kramer says:

Impressive list of cryptocurrencies that xtrade provides its customers. Especially considering the fact that it’s not a crypto exchange. Additionally all of them are CFDs.

ZarAG says:

I guess XTrade meets all requirements for brokers. XTrade has pretty good trading platform. It works quickly. I did not notice any slippage. XTrade also has customer support department. I don’t know how it works. I have not written there yet. Broker also offers several deposit and withdrawal options. It is convenient.

Josh A. says:

The customer support at xtrade is awesome too like every other thing the broker does. They are quick and polite.

Maximilian says:

Well regulated company with a handy trading platform and impressive list of tradable assets. Demo account is also available which is nice for trying feartures mentioned above.

robam says:

I recently started to trade government bonds. I exactly looked for a broker for long-term trading and government bonds are the best assets for this.

Kevin Russo says:

Xtrade is one of those brokers when you get to know it you think that it should have been more popular among the traders. Because it provides wide range of high-quality brokerage features for a long time already.

Bartek says:

It is quite evident, that they have the upper hand and one up on other brokers out there especially in terms of the spreads in major forex currencies. Which is really something really nice to notice If you had working experience in the corporate finance industry and you saw how the banks really decimate you with their high spreads for treasury transactions.

Zuvatt says:

The fact that this is a spread-only broker, which means that you ain’t need to pay any fees for depositing or withdrawing money, is pretty attractive. Look, if you’ll be able to catch tightest spreads, you will certainly save funds. That’s why the broker chose this model actually… Nevertheless, I still have some questions, for instance, what’s about inactivity fees ? Are there such ones?

Mr Ward says:

Actually, this broker does levy inactivity fees. 50$ per month is charged from inactive accounts. If you abandoned you account for a period more than 3 months, then be ready for paying for a standstill. In fact, this sum isn’t high especially taking into account the fact that this company doesn’t levy any fees for withdrawing and depositing funds. Otherwise, you should put yourself to the broker’s place. Imagine that you have a company and it doesn’t bring any profits. Company just tries to survive on the market by implementing such fees, there is nothing surprising as to me.

mr Berger says:

I am glad that my broker has educational materials that help me develop my trading skills. With this support I will succeed, I am sure of it!

Luigi Grassi says:

Xtrade broker seems okayish, I guess. For me it has pros, as well as flaws.But overall impression of the company is positive. I was pleasantly surprised by the quantity of the asset available for trading, But not only the quantity that drew my attention, the quality also. Because I found some really rare instruments, like bonds. Those you don’t see very often at forex brokers. The major downside it the complexity of withdrawal process. But some traders will root for this, as it is safe.

MPascal says:

Xtrade is one of the best brokers on the markets imho. Great conditions and high quality services speak for themselves.

Armin says:

I will see what it’s all about. I’m not ready to come up with the final verdict yet cuz it’s too early. Nevertheless, there’s some good news. I haven’t notices any scam activity. I even made several withdrawals successfully. I just don’t like their trading platform. For me Metatrader is much better, but it’s just a matter of adaptation. Soon, I should get used to it.

xtrade forex 2

XTrade Review 2023.

XTrade is an online FX & CFD broker offering its own bespoke desktop and mobile platform.

Best Broker Middle East 2022 - Forex Report Best Mobile Platform 2022 - FX Empire Best Forex Broker 2022 - FFXPO Awards.

Natural Gas.

Risk Warning – Your capital is at risk.

XTrade is a CySEC-regulated forex and CFD broker. To help you decide whether to open an online trading account, this review explores the broker’s platform, mobile app, minimum deposit, payment methods, and more.

XTrade Company Overview.

The CFD investment broker is owned by XTrade Group Limited and is headquartered in Limassol, Cyprus. The company has several daughter brands, including XTrade Europe Ltd. and XTrade International Ltd that service clients from Dubai to Uruguay.

The broker was founded in 2003, has 15 offices worldwide, and is registered with over 10 regulatory agencies, including in Cyprus, the Philippines, Malaysia and the UAE. XTrade does not, however, provide services to the UK, Canada and some other countries.

XTrade WebTrader Platform.

The proprietary web-based platform requires no download or installation. Even from the login page the design is intuitive for newcomers while the effective trading tools have helped the platform pick up multiple awards. It’s accessible in 11 languages and offers 12 technical indicators, 4 chart styles, 9 time periods, and 17 analysis tools. There is also an integrated economic calendar, news thread and a signals service.

Note, the popular MT4 trading platform download is not available.

Assets & Markets.

More than 200 online FX and CFD instruments are available, including:

56 forex pairs – 19 majors, 9 minors, & 28 exotics Commodities – Precious metals & energies Stock indices – Eight global stock indexes Shares – Close to 200 company shares.

XTrade also offers a handful of ETFs.

Spreads & Commissions.

XTrade uses a fee structure with zero commissions, only taking money from spreads. Spreads are variable, for example, GBP/USD spreads can range from 2.5 to 5 pips, EUR/USD ranges from 1.7 to 5 pips and EUR/GBP ranges from 3 to 5 pips.

Some user complaints highlight the $50 inactivity fee charged to accounts dormant for more than three months. Overnight premiums, or swaps, are also charged for positions that are held open after 22:00 GMT.


Leverage rates vary up to a maximum of 1:400. The leverage levels for indices range from 1:20 to 1:200, commodities up to 1:10, forex pairs can be leveraged between 1:50 and 1:400 and stocks up to 1:5. Retail traders in EU-regulated markets, such as Germany, are capped at a leverage of 1:30, as per ESMA regulations.

Mobile Apps.

The XTrade platform has also been developed for mobile use with iOS and Android smartphones and tablets.

Called ‘XTrade Online Trading’, the mobile app is easily installed, with a responsive user interface and much of the capability provided by the web-based platform.

The application allows one-touch trading with live prices, charting options, analysis tools, notifications and account funding options.

Many of the additional tools, such as Autochartist signals and economic calendar are also available on the mobile platform and receive good reviews.

XTrade mobile app.

Payment Methods.

XTrade offers a wide range of payment methods that vary for clients from different countries. All clients are offered Visa and Mastercard payment card options as well as bank wire transfers.

There is a maximum deposit limit of $15,000 for payment cards, though there is no limit on wire transfers. Traders can use tens of domestic e-wallets and payment providers, including UnionPay and Neteller, each with their own maximum deposits.

There is a minimum deposit of $250, though this may be reduced during promotional events.

Withdrawals must be made using the same method as the deposit. However, if a deposit was made using an e-wallet, then withdrawals can be processed via bank transfer, Skrill or Neteller.

XTrade can take up to five days to process a withdrawal, though it may take longer to reach the target account as some payment providers take extra time to process. There are no deposit or withdrawal fees charged on the part of the broker.

Demo Account.

There is a fully equipped online demo account available to current and prospective clients, allowing traders to get a feel for forex and CFD trading on the platform. The account uses simulated money and once passed the login page, you can open and close positions at real prices in real markets, meaning there is no risk to capital.

Deals & Promotions.

At the time of writing there are no welcome or deposit bonuses on offer. However, they do run periodic promotional campaigns and have been known to drop minimum deposits, offer deposit bonuses and even team up with international football star Cristiano Ronaldo.

Note, always check bonus terms and conditions before you begin account registration.

Regulatory Status.

XTrade is a licensed forex broker authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) in Europe, and several other agencies for its international services.

XTrade International Ltd also complies with the International Financial Services Commission’s regulations for worldwide trading.

Clients’ funds are kept segregated from the company’s, meaning that the company’s and clients’ assets are clearly distinguished, providing monetary security to traders.

All client accounts are also opened under the Investor Compensation Fund (ICF), which covers traders up to €20,000, should the broker be unable to pay out winnings.

Additional Features.

As well as their award-winning trading platform, XTrade offers several extra features to its clients. There is a fully populated economic calendar and news stream that can be accessed via the website or through the platform.

There are also daily market analysis videos uploaded both to their website and YouTube channel plus calculator tools available for Pivot, Fibonacci and deal size calculations.

The XTrade website also comes with an education centre that has a range of tools geared towards novices and those with years of experience. The centre covers the basics of the platform and charting to complex trading strategies and market analysis through tutorials, online courses, e-books, PDFs, and a blog. There is also an expansive glossary to help traders cut through any unfamiliar jargon.

Account Types.

XTrade does not differentiate between traders, offering a single account type for all real money trading. Every trader gets access to the full range of instruments, web and mobile platforms, plus educational centre. This does mean, however, that less favourable spreads can’t be avoided like they can with many tiered account structures.


Clients are provided with a range of competitive features:

Award-winning trading platform Global licensing and regulation Daily market analysis videos Range of payment options Autochartist signals No commissions.


There are, however, some areas where the broker could improve:

No cryptocurrency & Bitcoin trading No automated investing capability No Islamic account option No social trading No MetaTrader Wide spreads.

Trading Hours.

The market trading hours for the instruments supported by XTrade are 21:00 GMT Sunday to 21:00 GMT Friday during daylight saving and 22:00 GMT Sunday to 22:00 GMT Friday during winter months. Some instruments may have more limited trading hours, the details of which can be found in the website’s CFD information list.

Customer Support.

The customer support team can be contacted 24 hours a day, 5 days a week via several methods. There is a telephone line that opens at 22:00 GMT on Sunday and closes 22:00 GMT on Friday. There is also email support and the broker has a large social media presence.

For general enquiries and support, XTrade may be contacted using a live chat function in the lower right corner of their website. The website supports 35 languages and live chat representatives are available in six different languages. The customer support team can be contacted via:

Email address – support@xtrade.com Telephone contact number – +44 2038074001.

The support team can help with a range of queries, from how to delete an account, utilise the platform, or navigate account verification.

To follow the broker on social media:

The company’s head office address in Cyprus plus its locations in Melbourne, Australia, amongst others, can be found on the broker’s website.

Trader Security.

XTrade provides a high level of cybersecurity, with 256-bit standard Secure Sockets Layer (SSL) encryptions, provided by Comodo, on all transactions and website traffic.

The broker has several identity theft and credit card safeguards in place, all of which undergo regular reviews. The website also uses True-Site identity assurance and complies with AICPA WebTrust assurance standards.

XTrade Verdict.

XTrade is an award-winning provider and a strong competitor versus brokers such as eToro and Plus500. Its free signals and well-equipped education centre make it a sensible choice for clients new to trading forex and CFDs, in particular.

The ten+ years of industry experience is also a good indicator that they’re safe to trade with.

Accepted Countries.

XTrade accepts traders from Australia, Thailand, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use XTrade from United States, Canada, United Kingdom.

Compare XTrade.

Compare XTrade with similar brokers that accept traders from your location. Among available brokers these are the most similar to XTrade:

ATFX – ATFX no longer accepts retail clients but professional investors can register fo an account. FXCC – FXCC is a trustworthy trading broker regulated by the CySEC. The brokerage offers ECN trade executions, leverage up to 1:500 and $0 commissions. RoboForex – RoboForex is a multi-asset online broker offering powerful trading aides. XM – XM.com offers a range of account types and a $5 minimum deposit to appeal to all levels of trader. With 1000+ markets and low variable spreads XM.com provides an excellent trading experience.

XTrade Comparison Table.

Compare XTrade With Similar Brokers XTrade ATFX FXCC RoboForex XM Rating – – 4.5 4.5 4.4 Markets Forex, CFDs, indices, shares, commodities Forex, CFDs, indices, commodities, cryptos, spread betting Forex, Indices, Metals, Energies, Crypto Forex, CFDs, indices, shares, commodities, cryptocurrencies, cryptoindices, ETFs Forex CFDs, Commodity CFDs, Equity Indices CFDs, Precious Metals CFDs, Energy CFDs, Stocks Demo Account Yes Yes Yes Yes Yes Minimum Deposit $250 5000 $/€/£ $0 $10 5 $/€/£ Minimum Trade 0.01 lots 0.01 lots 0.01 lots 0.01 lots 0.01 Micro lots Regulators CySEC, IFSC FCA, CySEC, ADGM CySEC IFSC IFSC, DFSA, CySEC, ASIC, FCA, BaFin, CNMV, MNB, CONSOB, ACPR, FIN-FSA, KNF, AFM, FI Bonus – – 100% First Deposit Bonus Up To $2000 $30 welcome deposit bonus Free VPN Services Education No No Yes No Yes Platforms – MT4 MT4 MT4, MT5, cTrader MT4, MT5 Leverage 1:400 1:400 1:500 1:2000 1:500 Payment Methods 4 8 15 24 16 Detailed Comparison – XTrade vs ATFX XTrade vs FXCC XTrade vs RoboForex XTrade vs XM Visit Review XTrade Review ATFX Review FXCC Review RoboForex Review XM Review.

Compare Trading Instruments.

Compare the markets and instruments offered by XTrade and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare XTrade Trading Instruments XTrade ATFX FXCC RoboForex XM CFD Yes Yes Yes Yes Yes Forex Yes Yes Yes Yes Yes Stocks Yes Yes Yes Yes Yes Commodities Yes Yes Yes Yes Yes Oil No Yes Yes No Yes Gold No Yes Yes Yes Yes Copper No No No No Yes Silver No Yes Yes Yes Yes Corn No No No No Yes Crypto No Yes Yes Yes Yes Futures No No No No No Options No No No No No ETFs No Yes No No No Bonds No No No No No Warrants No No No No No Spreadbetting No Yes No No No Volatility Index No No No No No.

XTrade vs Other Brokers.

Compare XTrade with any other broker by selecting the other broker below.


Is XTrade a legitimate brokerage company?

XTrade Europe Ltd. is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) for services in Europe. XTrade International Ltd. is licensed and regulated by the International Financial Services Commission in Belize. We’re comfortable the broker is not a scam.

What is the minimum deposit for an XTrade account?

The minimum deposit required to open an account is $250 while the minimum position size is 0.01 lots.

Is there an XTrade demo account?

Yes, XTrade offers a demo account with all the capabilities and options available with a real money account.

Does XTrade offer a MT4 download?

No, XTrade only offers its own proprietary trading platform designed for browser-based trading. The platform has also been made into a mobile app for iOS and Android smartphones and tablets.

Can I open an XTrade account in Canada or the USA?

No, XTrade does not provide its services to traders in the USA, Canada or other countries where its services conflict with local laws. However, XTrade can be used in many countries worldwide, including India, the UAE, Australia and Uruguay.

XTrade is an online FX & CFD broker offering its own bespoke desktop and mobile platform. XTrade is an online FX & CFD broker offering its own bespoke desktop and mobile platform.

All contents on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or investing decisions. Daytrading.com may receive compensation from the brands or services mentioned on this website.

Risk Warning: Trading CFDs on leverage involves significant risk of loss to your capital.

xtrade forex 1

Xtrade Review.

XTrade is a forex broker regulated by ASIC (Australia) and IFSC (Belize).

XTrade offers CFD trading on Shares, Commodities, Forex, Indices, Bonds, ETFs as well as cryptocurrencies.

Trading is powered solely by XTrade proprietary trading platform accessible from the web and mobile devices.

Please read XTrade Reviews below and share live trading experiences with this broker.

July-December 2021: Large numbers of fake and highly suspicious positive reviews submitted for XTrade, including one from inside the company's offices.

January-April 2022: Large numbers of fake and highly suspicious positive reviews submitted for Xtrade.

Related websites include FXCryptoTrade.net, OffersFX.com, and 8invest.com.

Add your review.

Broker Details.

Minimum Trade Size: 0.01.

Maximum Leverage: 400:1.

Minimum to Open Live: $250.

Established: 2012 Address: No.5 Cork Street, Belize City, Belize. C.A, Belize Contact: support@xtrade.com, +44 2038074001 Regional offices: Regulators: ASIC #ACN: 140899476 AFSL: 343628, FSC #IFSC/60/383/TS/15 Prohibited countries: Unknown.

Trading platforms: WebTrader, MobileTrader (MobileApp) Web Trading: ✅ Yes Mobile Trading: ✅ Yes Currencies:

Trading Instruments.

Trading Conditions.

Managed Accounts & Social Trading.

Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, AstroPay, Boleto, BPAY, Cartão Mercado Livre, CASHU, ecoPayz, Elo (Brazil), ePay (epay.bg), EPS, FasaPay, Giropay, HalCash, iBank&BankLink, iDEAL, Itau, JCB, Jeton, Moneta.ru, Multibanco, Neosurf, Oxxo, PagoEfectivo, PagoFacil, PayU, Poli, Przelewy24, PSE, Qiwi, Rapipago, SOFORT, TeleIngreso , toditoCash, UnionPay, VLoad, WebMoney, WeChatPay, Wire2Pay, Yandex Money.

Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, AstroPay, Boleto, BPAY, Cartão Mercado Livre, CASHU, ecoPayz, Elo (Brazil), ePay (epay.bg), EPS, FasaPay, Giropay, HalCash, iBank&BankLink, iDEAL, Itau, JCB, Jeton, Moneta.ru, Multibanco, Neosurf, Oxxo, PagoEfectivo, PagoFacil, PayU, Poli, Przelewy24, PSE, Qiwi, Rapipago, SOFORT, TeleIngreso , toditoCash, UnionPay, VLoad, WebMoney, WeChatPay, Wire2Pay, Yandex Money.

1.35 • 28 REVIEWS.

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Traders Reviews.

United Arab emirates, United Arab Emirates (really the offices of Xtrade in Israel),

Aug 29, 2021,

Good, solid broker (I forgot to say they pay my salary)

Service use: Live Length of use: 3-6 Months.

When you trade CFD you need to understand the dark sides as well. Don't expect the broker to be a saint but you do need to expect the broker to be fair. Losing some money is a calculated risk but i've earned quite an amount so far. and even when i lost and needed their customer support - they called back and helped me withdraw my funds (found it a bit complicated there). Final judgment - fair and solid broker.

Share Helpful.

Review moderation team note.

5 Star Rating removed.

This review did not come from the UAE. It came from the same location in Israel used by Xtrade's representative to the FPA.

Per FPA policy, the rating on this review has been set to Zero stars.

Radojko Milojić.

Belgrade, Serbia,

Nov 9, 2021,

I liked the trading conditions of the Xtrade broker.

Service use: Live Length of use: 3-6 Months.

I liked the trading conditions of the Xtrade broker and therefore I decided to trade here. Xtrade has an excellent bonus system. I was very impressed by the fact that bonuses can be received not only on a deposit, but also after verification and confirmation of the phone. Of course, I think that many traders are interested in how to trade. As for the trading platform, it is really convenient and fast software. The quotes are correct. I have checked several times on the websites of independent quote providers. Therefore, I can say that everything is fair here. There are trading assets of all popular classes here, so there is access to volatile assets for 24 hours. I withdraw the money to the Visa card. There were no problems with this!

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Ghanim Hannad.

Rabat, Morocco,

Sep 28, 2021,

I was amazed by the Xtrade broker.

Service use: Live Length of use: 3-6 Months.

I have used the services of several brokers. You see, I am a fan of the Forex market and it is interesting to trade with different brokers. I was amazed by the Xtrade broker. It is very different from other companies. Let me explain why. Xtrade has an excellent teaching resource. I want to say that there are training courses for beginners as well as different trading strategies. This information is very expensive! Like Bitcoin) So, other brokers do not provide this, so Xtrade is now in the first place for me. It also has an excellent and convenient trading platform. Even a beginner can understand everything here. I offered to trade to a friend who does not understand anything about this. It took him one hour to figure out how it all worked. I also liked the bonuses and the whole system of bonuses and X-points. To deal with this, I advise you to try Xtrade. First, you need to open a demo account)

xtrade forex

Xtrade Forex Broker Review.

Xtrade is an internationally recognised broker that offers trading and related services to both retail and institutional clients. It is the trading name of a financial services provider known as XFR Financial Ltd, which has its registered office in Limassol, Cyprus. As such it is licensed and regulated by CySEC. But is also authorised to offer its services in a number of other EEA countries.

Xtrade has grown rapidly since its conception in 2010, and now has a global presence, with offices across five continents and clients from more than 240 countries. They have recently gained further recognition after joining up with legendary football player Cristiano Ronaldo, who has become the firm’s official ambassador. It is a provider for CFDs (Contracts for Difference) but also for trading stocks, indices, commodities, and foreign currencies.

Xtrade makes use of a user friendly platform.

Whether you choose to trade in the comfort of your own home, or while sat at your local coffee bar making use of your mobile device, Xtrade can make it happen. There is the ever popular MT4 Webtrader platform, along with Xtrade mobile, for both Android and iOS devices. Whichever platform you choose there are a number of inbuilt tools, including an economic calendar, trading indicators, as well as a news stream service. There is also a good selection of educational resources.

A real money or a demo account are the basic account choices.

Having the choice of a demo account is great, whatever type of broker you may be considering. Being given the opportunity to try something for real, rather than just reading someone else’s experience, is worth its weight in gold. So we’re always going to advise you to try Xtrade with the help of their demo account, if you like what you’ve been reading in our Xtrade broker review.

After a little bit of real time experience, if you still want to stick with Xtrade there is a standard account with a minimum deposit requirement of $100.

There is no commission charged on trades, but instead Xtrade make their money through the spread, which varies depending on the asset being traded. If you’ve chosen to trade currency pairs, minimum spreads start at 2 pips, whereas for CFDs spreads start at 4 pips. Which is actually rather high, if you compare it with some other brokers. Leverage also depends on the asset being traded. For example, forex it can be up to 400:1, commodities it can be up to 200:1, and for stocks the maximum leverage is 20:1.

Why not take advantage of Xtrade promotions?

Xtrade have taken on board the value of great promotions, and a number of bonuses and special offers are available. These serve perfectly to attract in new customers, and also to keep the current clients loyal. Here are just a few examples of the offers currently available:

Ronaldo’s exclusive 77% deposit bonus – Open an account and for the first seven days you can receive 77% bonuses on all deposits First deposit bonus up to $6000 $20 cash bonus for phone verification $120 cash bonus first trade $30 cash bonus for account verification.

We should point out there are a number of requirements that have to be met in order to receive the bonus. These include trading requirements, and these bonuses are usually only available for a limited length of time, and will expire if the requirements aren’t met in time.