Xtrade cfd trading

Xtrade’s tradeable assets include cfds, indices, commodities, shares, forex, cryptocurrencies, etfs, and bonds.

Top-3 forex bonuses

With xtrade, you have the ability to trade in over 52 currency pairs, at least half of them exotic pairings that you might not find when you use another broker. X trade’s offer of a bitcoin pairing is yet another example of the broker’s cutting-edge attitude towards trading. To withdraw, you need to use the exact same method that you worked with to make a deposit. Withdrawals typically take up to five business days to process, although, if there are delays outside xtrade’s control due to third parties, the deposit may take longer. Withdrawals must follow the same method as the deposit.

Xtrade

Xtrade offers first-rate bonuses and incentives for traders and nearly one hundred asset choices, each with its own bid/ask spread dynamics, minimum margin requirement, and leverage amounts.

Trade cryptocurrency cfds with leverage

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Xtrade broker review

Founded in 2010, xtrade’s home base is in cyprus. The brokerage is regulated by cysec, which is the cyprus national financial controlling agency. X trade offices can be found on five continents, and they XFR financial ltd operates them. Xtrade’s trading services can be reliably accessed across the globe, providing high-quality investment services to traders in over 140 countries. Xtrade gives its clients a wide range of assets to trade, as well as first-rate bonuses and trader incentives.

Tradeable assets

Xtrade’s tradeable assets include cfds, indices, commodities, shares, forex, cryptocurrencies, etfs, and bonds. With xtrade, you have the ability to trade in over 52 currency pairs, at least half of them exotic pairings that you might not find when you use another broker. X trade’s offer of a bitcoin pairing is yet another example of the broker’s cutting-edge attitude towards trading.

Looking beyond forex’s impressive share of X trade’s assets, there are over one hundred additional choices. Each choice has its own minimum margin requirement and bid/ask spread dynamic, making trading very individualized and unique.

Account types

There are two account types available:

Standard:

Suitable for beginning traders

There are no commissions on deposits

Minimum deposit amount: 100

Spreads are 4-6 majors

The leverage is up to 1:400

Premium:

Suitable for advanced traders

No commissions on deposits

Minimum deposit amount: 1000

The leverage is up to 1: 400

Premium has special features, VIP services, and better spreads.

Type of broker

Xtrade is an online CFD (contracts for difference) trade broker that offers its clients, among other assets, a wide range of cfds, which is considered to be one of the most straightforward ways to trade. Cfds involve purchasing a contract with your broker that will pay off if the market tilts in your favor. However, you should note that this trading is really for advanced traders only, as your money is very much at risk when trading cfds. Experienced brokers are most suited to this trading.

Regulation

Xtrade is regulated by the cypress securities and exchange commission, also known as “cysec.” this regulation has been in place since xtrade’s founding in 2010.

Platforms

Xtrade takes a unique position with regards to its platform. Many brokers use the popular, industry-standard metatrader4 for trading, however, xtrade does something different. Xtrade offers clients the xtrade pro proprietary platform. This platform is web-based, but there are mobile versions available (as you’ll see in the next section, xtrade is big on mobile trading).

Xtrade mobile trading

Xtrade’s mobile trading is highly rated and reviewed. Xtrade’s platform is available on mobile, as aforementioned, and the platform accommodates traders needs in the most efficient manner. CFD trading differs from other trading, and xtrade developed its own mobile platform to make this happen. All personal information and other data are encrypted using the latest in SSL, 256-bit technology.

Bonuses

Xtrade has a unique welcome package that includes a variety of different bonuses. For a first deposit bonus, you can get up to $6,000. Upon verifying your phone number, you can get a $25 bonus, and verifying your account gets you another bonus of up to $30 cash. The first trade you make can get you a maximum of $120 in bonus money. This welcome package is unlike anything else in the industry, and similar bonuses are available for loyal traders.

Deposit options

There are are many different ways with which you can make your deposit, including the use of credit/debit cards, bank wire transfer, e-wallets including paypal, webmoney, and more. There are no deposit fees.

Withdrawal methods

To withdraw, you need to use the exact same method that you worked with to make a deposit. Withdrawals typically take up to five business days to process, although, if there are delays outside xtrade’s control due to third parties, the deposit may take longer. Withdrawals must follow the same method as the deposit.

Customer support

With xtrade, there are a variety of different customer support options, including live chat, phone, and email. Xtrade has representatives available 24/5, and these reps speak six languages. You will find the website is even more comprehensive, as it supports sixteen languages and contains a wide variety of tools and education to help. Account managers are always standing by to help clients.

Ease of use

Xtrade’s withdrawal and deposit methods are simple and straightforward. You can open an account using several currencies, including the yen, US and canadian dollar, swiss francs, and euros. Xtrade offers clients traditional debit and credit card methods and wire bank transfers, as well as contemporary online wallets. The minimum amount required to open an account is $100.

Why trade at xtrade

Xtrade offers its clients 52 currency pairs, and 21 are exotic pairings you are not likely to find using a traditional broker. Xtrade also offers a bitcoin pairing, showing that it is cutting-edge. Aside from forex trading, there are almost one hundred asset choices, each of which has its own bid/ask spreads, leverage amounts, and minimum margin requirements. Furthermore, X trade presents clients with various educational tools and resources to help clients understand how to open and close positions and deal with risk management issues. Lastly, xtrade is a broker that charges zero commissions; instead, it makes its revenue via overnight premiums and bid/ask spreads.

To see how xtrade ranks against other industry-leading trading platforms see our comparison charts. Read our expert reviews, see our ratings and compare the best online trading platforms, features, fees, and more.

T&C's apply to each of the offers above, click "visit site" for more details.

Xtrade forex broker broker review

Reviewer : justin freeman

Published: 7th july, 2020.

Broker information

Company name: xtrade

Founded: 2010

Country: cyprus

Platform info

Broker services

Regulators: wire transfer, credit/debit card, moneybookers

Minimum deposit: $100

US clients: no

Featured forex broker

Avatrade was established in 2006 and is located in dublin, ireland. Offering trading services in over 150 countries with offices located worldwide. Avatrade is a forex broker that is committed to providing a safe trading environment and is fully regulated and licensed in the EU and BVI, with additional regulation in australia, south africa and japan.

If you are still trading forex the “old fashioned way” with MT4 and a like-minded broker, then you may have missed out on the many innovations that have hit the market in recent years. Next to binary options, the next fastest growing way to trade has been to go the contracts for differences (cfds) route with a firm like xtrade, which has been in the business since 2010. A spin off from “spread betting”, this straightforward trading regimen involves buying a contract with your broker that will pay off if the market moves in your favor. Your reward is based on the difference between your opening and closing position, the units purchased, and leverage chosen. This genre offers more flexibility, and, for this reason, the forex brokers in this arena have chosen to add stocks, commodities, and indices to the mix to broaden your possibilities and trading enjoyment.

What kind of asset choices, you might ask? With xtrade, you can choose between 52 currency pairs, the lion’s share of them, 21 in number, being exotic pairings that you may not find with your traditional broker. Xtrade even offers a bitcoin pairing for those in the know. Outside of forex, there are nearly one hundred additional asset choices, each with its own bid/ask spread dynamics and minimum margin requirement. Xtrade also provides several illustrative examples to help you understand how to open a position, close it, and deal with risk management issues. There are no commissions involved. The firm makes its revenue via the bid/ask spread and overnight premiums, if applicable. Registration is simple. There is one standard account that comes with a free demo account for practice. The demo account is subject to first deposit. Welcome bonuses range from 20% up to 60% and can be more, if you deposit more than $10,000. Terms and conditions for bonuses: the bonus amount is added to your account when you have traded the amount of xpoints to make you legible for the bonus. Every asset will reward different amounts of xpoints. One deposit bonus per household. The bonus will expire within 30 days of initial deposit if the trader does not reach the required xpoints within the time frame.

Since cfds are such a different trading instrument, xtrade developed its own version of webtrader to support their online transactions. No downloads are required, and they also support a number of mobile apps for traders on the go. The firm is headquartered in cyprus and derives its licensing and authority to operate from cysec. With xtrade, your deposits are segregated from operating capital and protected further, up to 20,000 euros, by the investor compensation fund in cyprus. Xtrade is operated by xtrade europe ltd, which is regulated and licensed by cysec under the license number 108/10. Unfortunately, U.S. Clients are not accepted at this time.

Features

Why trade with xtrade.Com? The firm lists these reasons:

Founded in 2010 by industry professionals with diverse experiences in the brokerage industry;

Regulated by cysec;

Client deposits are segregated for safety purposes and protected further up to 20,000 euros by the investor compensation fund in cyprus;

Standard account and a free demo account upon registration – customization may apply if more than $10,000 is deposited, demo account is subject to first deposit;

More than 150 CFD asset choices, including currency pairs (51 plus bitcoin), stocks (74); indices (12); and commodities (13);

Trading platform is proprietary, online only, and requires no downloads;

Mobile apps are also available;

No commissions charged – xtrade is compensated for its services through the bid/ask spread;

Trading support includes professional charts, technical analysis tools, alerts, and training provided by customer service reps;

Customer service reps are bilingual and accessible “24/5” via live chat, email, or direct phone.

Spreads and leverage

Spreads and leverage are published on the website for every asset choice. Each asset has its own individual criteria. Xtrade is compensated via the bid/ask spreads, which do vary by asset, and margin requirements are also stated separately. Margin calls can be a possibility with cfds, if the market moves abruptly against you. Risk warning: trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.

Platform

Processing cfds requires an entirely different back office and software protocols. To accommodate its needs in the most effective manner, the management team at xtrade chose to develop its own proprietary trading platform. It has the look and feel of other online systems, is user-friendly, and allows one-touch access to open positions, asset choices, history, and trading tools. No complex downloads are necessary, and mobile applications complete the platform possibilities. For security and safety purposes, all personal information and trading session data are encrypted using the latest in 256-bit SSL technology. Hackers will not ruin your day with this broker.

Deposits and withdrawals

Xtrade offers nearly 40 different ways to deposit funds, $100 being the minimum amount required. In addition to credit and debit cards and banking wire transfers, they support a host of ewallet and domestic payment provider alternatives. Withdrawals must follow the same deposit route, per law, and withdrawals will be a snap, as long as AML documentation is in order, once again as per international law.

Beginner’s and customer support

Customer service representatives are available “24/5” and can be accessed via live chat, direct phone, or email. The reps speak six languages, and the website supports 16 languages. Account managers can address your queries directly or guide you through set up, system familiarization, and training education, if necessary. The website is full of helpful examples that explain how spreads, leverage, and risk management tools apply.

Conclusion

Trading cfds is one of the newer trading methods to hit the forex market in recent years, and with any innovation, it helps to be with a pioneer in the genre that has years of experience at its craft. Xtrade has been at it since 2010, with an experienced management team from the brokerage industry. They have cysec as regulator for EU. If you want to try out cfds, then xtrade is worthy of your consideration.

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

About the author : justin freeman

Justin has twenty-two years' of experience working in the financial markets with brokers. He's held trading and risk management positions at boutique asset managers and large investment banks. Justin helps people understand their trading options in a clear, jargon-free manner.

Opinión sobre xtrade

IMPORTANTE: xtrade está reestructurando sus servicios y no acepta nuevos clientes. Haz clic aquí para ver una lista con los mejores brókers online.

En este informe vamos a responder a las preguntas más comunes sobre el bróker cfds xtrade. ¿es una estafa? ¿qué regulaciones siguen? ¿en qué puedo invertir con ellos? ¿qué métodos de pagos aceptan? Estafa.Info responde a todas estas preguntas para que cualquier usuario sin conocimientos demasiado técnicos pueda evaluar la seguridad de operar con esta plataforma financiera. Por el momento, podemos asegurarte que este bróker no es una estafa, ya que está registrado en la ciprus securities and exchange commission también conocida como cysec. Pero si quieres saber en qué otras autoridades financieras está registrada, o qué medidas de seguridad sigue, te invitamos a leer esta reseña completa.

�� xtrade	xtrade
⭐ evaluación	4.5 / 5.0
�� software	web, apps
�� opciones	cfds
�� subyacente	más 500, acciones, índices, fórex y commodities
⚖️ regulación	cysec
�� xtrade	otros brókers

También te informaremos sobre la atención al cliente, las app móvil y todo el resto de aspectos que necesitas saber sobre un bróker financiero antes de abrir una cuenta. Y si cuando acabes de leer nuestro análisis completo todavía no te convence esta opción, puedes ver los mejores brókers cfds en este link.

Nuestra experiencia con xtrade

Nuestra opinión general es que estamos ante un bróker de fiar, con una completa oferta de cfds en los que invertir, que incluye una gran selección de índices y materias primas. Ofrece un buen servicio de atención al cliente disponible en español y una sección de formación en la que se pueden aprender los principios básicos de la inversión.

Empresa	XFR financial ltd
dirección	140, vasileos konstantinou, tofias building 2, CY-3080 limassol
número de registro	248449
número de licencia	108/10
teléfono	34 937379413
email	support@xtrade.Com
live chat	sí
devuelven la llamada	no

En la siguiente sección, te ofrecemos las principales razones por las que en nuestra opinión se trata de una empresa segura, sin sospechas de fraude o timos. No dejes tampoco de consultar la sección de regulaciones pues el complemento perfecto para asegurarte de qué legislación te ampara en el caso de que tuvieses algún problema con ellos.

Xtrade: ¿timo o de fiar?

Ya en la introducción del artículo afirmábamos que no estamos ante una estafa. Decíamos que el bróker estaba registrado en la cysec con el número 248449 y el número de licencia 108/10 y esto nos garantiza que debe seguir las regulaciones de la unión europea. El nombre oficial de la empresa XFR financial ltd y tiene sede en chipre, en la dirección 140, vasileos konstantinou, tofias building 2, CY-3080 limassol. Se trata de una empresa con clientes de más de 140 países, que utiliza un sistema de cuentas segregadas para guardar el dinero de los usuarios. En concreto trabajan con barclays bank PLC quién garantiza los fondos de los particulares de acuerdo a las normativas de la autoridad financiera del reino unido, FCA.

Llegado el momento de hacer retiradas o ingresos de dinero, la seguridad sigue garantizada, ya que todas las transferencias están cifradas mediante la tecnología secure socket layer de 256 bits, comúnmente conocida por los usuarios como SSL. Además, como complemento a todo esto ostentan el sello de garantía de identidad true-site y el webtrust de la AICPA. Finalmente, hay que señalar que para asegurarse de que nadie retira fondos de tu cuenta cometiendo un fraude, antes de proceder a retirar el dinero te solicitarán que les envíes un documento firmado a mano, que está disponible en su web, y además solo admitirán retiradas a cuentas en las que tú seas el único titular. De esta forma nadie podrá retirar tus fondos.

Oferta de xtrade

La oferta de cfds a la que se tiene acceso al operar con esta plataforma es bastante completa, y realmente nos parece suficiente para satisfacer a la mayoría de los usuarios, pues se puede invertir en acciones, divisas o fórex, materias primas e índices y en todos ellos hay una buena diversidad. El proceso de registro es muy sencillo y no te llevará más de unos minutos. Finalmente, no queremos pasar sin mencionar la oferta educativa, ya que a través de su web podrás asistir a algunos webinars en vivo o hacer vídeo tutoriales, aunque la verdad es que estos últimos son demasiado superficiales. Lo mismo ocurre con lo que ellos llaman la biblioteca, tiene documentos interesantes, pero quizá deberían profundizar un poquito más. En cualquier caso son un recurso más que se puede consultar fácilmente cuando se necesite.

En el apartado de las acciones encontrarás cfds sobre las principales acciones de EEUU, francia, reino unido, italia, australia, nueva zelanda, japón, rusia, hungría, hong kong, china, sudáfrica, brasil, suecia, noruega, alemania, finlandia, países bajos, dinamarca, suiza, polonia y, por supuesto, españa, de las que encontrarás acciones de 17 empresas distintas. En los cfds sobre pares de divisas o fórex se puede elegir entre más de 50 de ellos, incluyendo la criptomoneda bitcoin y, lógicamente también los más populares entre los inversores. También encontrarás más de 17 materias primas lo cual es una oferta bastante más generosa que la de la mayoría de los brókers. Además encontrarás más de 45 índices en lo que supone una gran oportunidad de gestión del riesgo y diversificación.

Ofertas y bonos

En la actual debido al recrudecimiento de los requisitos y exigencias de la cysec respecto a las formas de promocionarse que pueden llevar a cabo los brókers, esta empresa ha decidido retirar su bono de bienvenida y el resto de promociones. No obstante, no es algo que deba echarte atrás porque la oferta de inversión es realmente bueno y al fin y al cabo eso es lo realmente importante a la hora de elegir.

En todo el mercado de brókers online, los bonos estaban dando problemas de transparencia y muchas quejas por parte de usuarios que no entendían sus términos y condiciones. Por eso la mayoría de los brókers de opciones binarias más serios, y en especial los regulados por la cysec han optado por dejar de ofrecer estas promociones.

Cuenta demo

Los usuarios que prefieran probar la plataforma sin arriesgar ni un solo euro real, pueden hacerlo utilizando la cuenta demo que les permitirá probar las principales funcionalidades de forma tranquila y sin presión. Como siempre, desde estafa.Info recomendamos probar siempre los brókers con la cuenta demo, ya que uno puede descubrir así fácilmente con cuál se siente más a gusto y cuál comprende mejor para tomar una decisión cuando llegue el momento de operar con dinero real. También es una opción válida para probar estrategias de inversión sobre cuyos resultados no estamos muy seguros.

Métodos de pago

Los métodos de pago cubren la mayoría de opciones más populares para los inversores españoles incluyendo paypal que suele ser uno de los grandes ausentes entre los brókers online, a pesar de lo muy utilizado que es en españa. Otros métodos aceptados son visa, mastercard, american express, transferencia bancaria, cashu, halcash, neosurf, neteller, paysafecard, skrill y teleingreso. Para retirar el dinero, lo más fácil es hacerlo con el mismo método que se haya utilizado para ingresar. Para evitar estafas, te pedirán que rellenes un formulario de retirada que deberás imprimir, firmar a mano y enviar a la dirección de correo withdrawals@xtrade.Com o al fax +44-203-0516306.

Canales de ingreso y pago ofrecidos

métodos de pago	paypal, visa, mastercard, american express, transferencia bancaria, cashu, halcash, neosurf, neteller, paysafecard, skrill y teleingreso
depósito mínimo	no
comisiones	no
divisas aceptadas	GBP, USD, EUR, CHF, JPY, CAD, DKK, AUD
opciones de retiro	paypal, visa, mastercard, american express, transferencia bancaria, cashu, halcash, neosurf, neteller, paysafecard, skrill y teleingreso

Seguridad y regulaciones en xtrade

A continuación vamos a ver qué regulaciones sigue esta empresa que sirven como garantía de que no se trata de un timo. Al estar registrada en la cysec, la empresa debe seguir las reglas financieras chipriotas, en concreto la ley 144(I)/2007 de mercados regulados, que le obligan a formar parte del fondo de compensación de inversiones que cubriría los fondos de los clientes en el supuesto de insolvencias por parte de la empresa en hasta 20.000 €. Pero las garantías de seguridad del hecho de registrarse en chipre no paran ahí. Al ser miembro de la unión europea, cualquier empresa financiera registrada en este país debe cumplir con las normas de la directiva europea mifid, que garantizan unos niveles de transparencia y seguridad adecuados para los inversores. Además, también está registrado en las siguientes autoridades financieras europeas: autoridad de servicios financieros (FSA) del reino unido; banque de france de francia, commissione nazionale per le società e la borsa (CONSOB) de italia, donde tienen una sucursal registrada en la dirección 22, via conservatorio, business center, 20100 milán; finanstilsynet de dinamarca, PFSA de polonia; finansinspektionen de suecia; AFM de los países bajos; FSMA de bélgica; finanzmarktes liechtenstein de liechtenstein; commission de surveillance du secteur financier de luxembourg; NBS de eslovaquia; LSC de lituania, SMA de eslovenia, finantsinspektsioon de estonia; FSC de bulgaria; CNB de la república checa; CMVM de portugal; FMA de austria, MNB y, también la CNMV española desde julio de 2010, con el número de registro 2640.

Atención al cliente

El servicio de atención al cliente en español estará a tu disposición las 24 horas del día los cinco días de diario y podrás contactar con ellos, por teléfono en el número 34 937379413, por correo electrónico en support@xtrade.Com, o por chat en vivo, con el que también puedes comunicarte aunque no estés registrado dándoles una cuenta de correo electrónico y un número de teléfono. En nuestra experiencia, nos atendieron rápidamente de forma clara y con bastante paciencia.

Funcionalidad de la web

Podemos confirmarte que se puede operar perfectamente a través de la web, sin necesidad de hacer ningún tipo de descarga. La estabilidad de la conexión ha sido perfecta en todo momento y la facilidad de uso también de agradecer. Cuando procedemos a hacer una inversión podemos establecer límites de pérdidas y de beneficios, para poder ajustar así perfectamente los riesgos que queremos tomar. La navegación por la plataforma es buena y se puede operar rápidamente. En cuanto al diseño de la web quizá no sea lo más importante, pero la web da una buena imagen con blancos, negros y azules y una estética cuidada.

Aplicación móvil de xtrade

Uno de los puntos fuertes de la inversión financiera es que puede hacerse desde casi cualquier sitio. Ya sea desde tu casa en un cuarto tranquilo, como desde una cafetería, un parque o cualquier lugar en el que tengas una buena conexión a internet, los cfds no te van a exigir que vistas corbata y te pongas un traje. Pero claro, transportar el ordenador a todos los sitios puede ser incómodo. Incluso a veces surgen oportunidades de inversión por noticias inesperadas, que llegan cuando estamos lejos del portátil. Por eso poder invertir a través de una app móvil es un servicio fundamental. Y en este caso está bien cubierto. Los usuarios que quieran invertir desde dispositivos móviles podrán hacerlo gracias a las apps disponibles para iphone, ipad, dispositivos android y windows phone. Las apps funcionan perfectamente y no tuvimos cuelgues ni desconexiones, teniendo en cuenta que cuando uno va a operar con cfds debe hacerlo siempre con conexiones fuertes.

Conclusión

Un buen bróker para invertir en cfds, con una oferta de activos subyacente bastante amplia. Respecto a la seguridad solo nos queda asegurar que xtrade no es un timo, y está al día con las exigencias de la unión europea respecto a la inversión financiera. Además, nos gusta el hecho de que acepte paypal, ya que es un método de pago muy solicitado por los usuarios e ignorado por muchos brókers. La cuenta demo, supone una buena oportunidad para probar su plataforma tanto en el servicio web, como en la app móvil que sea adecuada para tu dispositivo.

Xtrade review

Xtrade is an established CFD broker that is owned and operated by xtrade au pty ltd.

They are officially located at: 1 queens road, saint kilda road towers, melbourne, victoria 3004 australia. Their main phone number in australia is: +61390881303, and in cyprus: +35725030742, and investor support email address is: [email protected] . Official website: https://www.Xtrade.Com.Au/.

For complaints and withdrawal problems, read this.

Xtrade review

Xtrade is a leading CFD broker, and they provide a wide range of assets for investors to trade. They are offering CFD trading facilities on indices, commodities, forex and shares. Traders and investors can take advantage of the user friendly, web based trading platform. When placing orders, you have the ability to set a few other variables to capture profits and limit losses. They include the “close at profit”, “close at loss” and “buy when rate is” features.

Traditional investors will find the industry standard metatrader4 platform. Additionally, they offer a great mobile app for ios, android, and windows, for easy trading on both your tablet and smartphone, see here.

Four account types are offered by this broker, and the minimum deposit for a standard trading account is $250. Multiple methods for funding your trading account are available including: credit card, bank transfer and alternative payment methods.

Official xtrade broker review 2019

Is xtrade a legit broker?

When reviewing and comparing CFD and forex brokers it is important to check that they are actually licensed to operate. The reason to trade with a licensed broker is that in the event that the broker becomes insolvent, your money is protected.

Xtrade australia is licensed and regulated by ASIC and located at: 39-41 chandos street level 1, st leonards, NSW 2065, australia. Their ASIC ACN is 140899476 and license number is 343628.

Xtrade europe ltd, operates the website offersfx.Eu and they are licensed by cysec number 108/10. They are also registered in south africa with FSCA license # 46600.

Xtrade international ltd is located in belize, and regulated by the international financial services commission (IFSC/60/383/TS/19).

There are many forex brokers to compare and choose from online. Most traders choose to invest and trade at licensed and regulated broker instead of a scam broker.

Compare forex brokers

Most investors have multiple trading accounts at the best forex brokers.

Xtrade

Xtrade offers first-rate bonuses and incentives for traders and nearly one hundred asset choices, each with its own bid/ask spread dynamics, minimum margin requirement, and leverage amounts.

Trade cryptocurrency cfds with leverage

25 welcome bonus - T&C's apply

All major cryptocurrencies available

No commissions - fixed spreads

#1 mobile trading app

Free demo account

Xtrade broker review

Tradeable assets

Account types

There are two account types available:

Standard:

Suitable for beginning traders

There are no commissions on deposits

Minimum deposit amount: 100

Spreads are 4-6 majors

The leverage is up to 1:400

Premium:

Suitable for advanced traders

No commissions on deposits

Minimum deposit amount: 1000

The leverage is up to 1: 400

Premium has special features, VIP services, and better spreads.

Type of broker

Regulation

Xtrade is regulated by the cypress securities and exchange commission, also known as “cysec.” this regulation has been in place since xtrade’s founding in 2010.

Platforms

Xtrade mobile trading

Bonuses

Deposit options

Withdrawal methods

Customer support

Ease of use

Why trade at xtrade

T&C's apply to each of the offers above, click "visit site" for more details.

Xtrade review

Is xtrade a good broker? We believe they are just another broker. Although they have been growing in recent years due to the number of underlying assets which one can negotiate with, and the heavy investment they are doing through sponsorships such as those from cristiano ronaldo. Nonetheless, once can find CFD brokers like plus500 that are far more famous and do not charge commissions . They offer a wide range of negotiable assets, including forex, shares from companies listed on stock exchanges around the world, indexes and, of course, raw materials (gold, wheat, silver, oil …). However, if you want to do so at a later time, throughout this review we will analyze the requirements that every CFD broker must have by comparing xtrade with its competitors. In addition, we will analyze the varied opinions from customers (80.5% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you can afford to take the high risk of losing your money).

We believe it is a broker that leaves something to be desired, since their services and customer service are average. Even though the company offers many options, before hiring their services, we have to ensure it is a good broker. To do so, we have to conduct an in depth analysis to study its pros and cons. That is why we will conduct a review to study their commissions, reviews from actual traders, whether it is regulated or not, whether it offers a demo account, and other important information before registering.

Regulation: is xtrade a scam?

The first step in a review is to always analyze the regulation of the broker regulation. Why? It tells us whether it is a secure and reliable broker. Even though being regulated is not a 100% security certificate, it is a clear sign that they take things seriously and that they are not a scam.

Xtrade is a cyprus based broker, and is therefore authorized and regulated by the cypriot entity, cysec. Cyprus is one of many countries in the european union and euro zone such as spain, so they comply with all treaties, regulations and communities. In addition, its italian branch is registered in the italian entity, CONSOB, which would be somewhat similar to the UK´s FCA. In addition, since xtrade is a european broker, it complies with the mifid community regulations. Having cristiano ronaldo sponsor xtrade is seen as something very positive in the trading world and for many people, it offers them a great sense of security, but it does not provide us any information as far as reliability. The important thing is the information we encounter in terms of regulation, and based on that we have to determine if it is reliable or not.

In summary, after studying everything regarding supervision, we believe xtrade is a reliable broker. Nevertheless, we don´t like nothing that´s not registered with the FCA of the UK, which generates some distrust. Taking into account that there are other CFD brokers like plus500uk ltd that are registered woth the FCA , we believe it would be interesting to focus our attention on them (80.5% of retail CFD accounts lose money).

Does xtrade pay?

One of the concerns that traders have before investing through a CFD broker is to know whether they will have a problem when withdrawing their money. In this regard, we have to say that after reading comments in forums, xtrade generally speaking, does pay on time even though one may encounter comments about people stating that they had problems withdrawing their money.

Demo account

If you are still new to trading and don´t want to start directly with real money or you want to test using the simulator to see how cfds work. In doing so, you will be able to see how the markets reacts, be it forex with the movement in currencies, or the stock exchange with the quotation of companies, as news emerge affecting the company.

Demos are very useful tools for beginners because they offer you the option of carrying out as many operations as you want and verify in first person the functioning of the financial markets around the world, as well as to negotiate with all available assets, be it stocks, currencies, raw materials or stock indexes. Thanks to this, if you are a beginner, or if you already trade with cfds, but want to try new strategies, you can use the demo to avoid taking risks.

If you want to use different trading strategies with cfds without risking your capital, you can do invest through the demo account. The truth is that xtrade´s demo lacks many important options and has significant limitations. If you want to try plus500´s demo click on the link below, and then click on “free demo account” (80.5% of retail CFD accounts lose money).

Commissions

If regulation is most important, the second most important thing are commissions and fees. In trading with cfds, the best brokers do not charge any commission for each operation, but instead use spreads. The operation of these spreads is as follows: each time we buy or sell a CFD on a certain underlying (for example, oil, or shares of telefónica or facebook) the price of opening and closing a position is different. This differential is called the spread, and it is the existing cost to be negotiated. Therefore, we have to look for a broker whose spreads are as low as possible.

For xtrade´s basic account, which requires a minimum initial deposit of only 100 euros / dollars, the spread is fixed and ranges from 4 to 6 pips. If you prefer to register with the premium account, which is of a higher level, the conditions are better, since pips range from 2 to 5.

As mentioned earlier, there are many assets available to invest, so one cannot see each and every one of the spreads, because it would be a very boring review. By simply knowing that the euro / dollar currency pair is the most important, and as we see with plus500, the minimum spread is variable. If you want to learn more about the spreads offered by plus500, click here (80.5% of retail CFD accounts lose money).

Terms

As we have already seen, there are no commissions, but you have to know that if you do not trade for three full months, they can charge you a $ 5 inactivity fee. The normal thing is to not be charged because practically nobody opens a real account to leave it abandoned. Therefore, although there are some associated costs, we can say that hiring the services from xtrade is free.

On the other hand, one of the most interesting aspects of trading with cfds is its leverage. Xtrade stands out from the rest of the brokers, since it offers a maximum leverage of 1:30. If compared with others brokers like plus500, and even with one of the famous brokers like markets.Com, we will discover that xtrade allows a similar leverage. So, you have the option to invest with a quantity of money of the same level as with the competing brokers of xtrade. Of course, you have to know that by operating with leverage you can lose more money than what you have entered.

Another very important issue is the platform, since that´s where you will spend most time and the tool you will use to invest. Xtrade developed their own platform, so it is proprietary technology. Obviously, it offers high-level tools and all the signals you need to invest successfully. However, the signals do not make trading any easy and making money is not a sure thing. You are the one who has to operate and create your own strategy by always taking into account the risks of operating in the financial markets.

Reviews

All factors and conditions we have seen so far are very great but, what do customers who already invest with xtrade think? Comments in forums and opinions from traders are mixed, some point out great things while others recommend certain improvements.

One of the aspects that has had great opinions is the platform itself, which is very easy to use and does not require any type of download. Xtrade has many great reviews due to their free courses. The official website, which is fully available in english and other languages has also received positive comments.

Unfavorable comments are associated with the lack of using paypal to make deposits, although they have plenty of other alternatives, such as neteller, paysafe card, or traditional methods such bank transfer or credit and debit card. There is also one comment pointing out that they miss not being able to operate with the metatrader platform. Finally, one can also find opinions of distrust for not being registered under the FCA.

Rating and additional information

To end this review we want to create a list showing the positive aspects of xtrade, and factors we believe should improve, but let’s be honest, no broker is perfect.

Demo available for beginners

Platform compatible with mobile phones (android and ios), tablets and computers

No metatrader 4

Does not allow to withdraw or deposit money with paypal

Not registered with the FCA

Spreads are higher than its competitors

Can be greatly improvable in cfds over cryptocurrencies, ripple, bitcoin, bitcoin gold, bitcoin cash or litecoin

Having rated the different conditions offered by this broker, our assessment is that it is a mid-level company. Our opinion about xtrade is relatively good, but we miss not seeing it registered in UK´s FCA and we don´t like their high spreads.

We believe plus500 is an option which should be consider for trading with cfds. Click here if you want to learn more about plus500 and trade without having to pay commissions (80.5% of retail CFD accounts lose money).

XTRADE

XTRADE review

Very competitive spreads and low commissions if any

Excellent trading platform for both desktop and mobile devices

Great customer service

Good training and educational materials

Xtrade is a professional online CFD trading brokerage with nearly 10 years of experience in the online trading industry. The online brokerage strives for excellence and has won numerous awards for their competent services in offering the trading of cfds on shares, commodities, forex, and indices. Xtrade was founded in 2010 and is owned and operated by xtradeeurope ltd. The brokerages headquarters are located at cork street, no. 5, belize city, belize and is regulated by the cyprus securities and exchange commission (cysec). Also, the xtrade brokerage is regulated by the international financial services commission (IFSC) under license number (60/383/TS/17). Apart from regulation, xtrade is a competent provider of CFD trading in the global markets and accepts traders from all over the world, excluding some countries such as the U.S. And canada. As well, since xtrade is an international CFD trading brokerage they offer their services in 37 different languages. While this broker seems to be a great option for trading cfds, how do you know for sure? In the following review we’ll delve deep into the aspects that make up this online trading brokerage and see what sets xtrade apart from the competition and whether or not they can be trusted.

Trading platform

Since xtrade is a CFD trading brokerage, the software needed to accommodate the needs of this trading is quite sophisticated and different from many of the standard universal trading platforms available. Therefore, xtrade developed their very own proprietary trading platform known as the xtrade webtrader. This platform is entirely web-based, meaning there is no need to download and install any applications and it can be accessed from different desktop computers. The platform features an array of rich features and trading tools for an optimized trading experience in real-time. Traders can access the best market analysis tools and quickly execute trades and orders directly from the charts.The whole interface is very well designed and easy to use while at the same time packing loads of advanced tools and features. The platform is perfectly suitable for both beginner and advanced traders. Also, for busy traders on the go, the platform is available for download on mobile devices for both apple and android. Now, traders can manage their portfolio and make important decisions while they’re away from the computer.

Exchange markets

Xtrade provides their clients with an extensive array of CFD instruments to trade across numerous lucrative markets such as forex, shares, commodities, indices, cryptocurrencies, bonds, and etfs. See some basic details of what’s included in these markets on xtrade below.

Indices

Commodities

Forex trading

53 total currency pairs

18 major currency pairs

12 minor currency pairs

23 exotic currency pairs

Cryptocurrencies

Bonds

Gilt long government

US 5Y T-note

US 10Y T-note

US 30Y T-note

10Y euro bund

Fees and commission

Xtrade is very transparent with all the fees associated with trading cfds on the various investment products they offer. Each asset is assessed differently and xtrade publicly shows the associated spreads and/or commissions for each asset on their website. The way xtrade makes money/imposes fees is through the bid/ask spreads and margin calls.The spreads are fixed for each asset rather than varied/floating spreads. To give an example, the EUR/USD currency pair comes with a spread of 2 pips which is around the industry standard.As for trading on margin, it comes with a great deal of risk and can work for you or against you in great amounts. Other fees traders may incur are a premium buy/sell charge which differs for each CFD. Also, traders can incur account inactivity fees of $10/month if the account is inactive for 3 months or longer.

Security and fairness

Xtrade is a very safe and secure online trading brokerage as they are regulated by multiple regulatory authorities and have an excellent reputation in the investment services industry. As well, client’s funds are held securely in segregated accounts, clients are protected from an investor compensation fund, and clients are protected by xtrade’s financial services. Additionally, xtrade continuously monitors its operations and submits financial reports periodically. As well, all transactions are encrypted with 256-bit SSL bank standard secure socket layer security measures. Xtrade has never experienced any substantial hacks and continues to securely serve their customers in all cases.

Support

Another area where xtrade excels in is their level of customer support. Customer service representatives are available 24 hours a day, 5 days a week and can be reached via email, live chat, or telephone. The support is also multilingual and available in 6 different languages, while the website is available in 37 languages. Additional methods of support include dedicated account managers which are available for customers who deposit a certain amount of money into their trading account. Also, traders can receive support from the websites extensive FAQ page and informative education center. All throughout the site, traders will find very useful and helpful information, as well as answers to their questions.

Conclusion

Xtrade is one of the leading CFD trading brokerages and has years of experience under their belt. The sheer amount of tradeable assets offered by xtrade is outstanding. Traders have access to nearly every type of tradeable asset they would ever want. Also, the spreads and commissions are very competitive and unique to each asset class in a very transparent manner. More positive aspects of this exchange are the sophisticated trading platforms available and level of customer care. Xtrade is definitely an online CFD trading brokerage worth considering if they accept traders from your country.

Xtrade Q&A

The following are the common questions that customers inquired about xtrade.

Is xtrade regulated?

Yes, it is regulated by the international financial services commission (IFSC) and the cyprus securities and exchange commission (cysec)

Is xtrade a scam?

No, xtradeis a legit broker with an excellent reoutation.

Where is xtrade based?

Xtrade is based at cork street, no. 5, belize city, belize.

Xtrade review

Xtrade is an established CFD broker that is owned and operated by xtrade au pty ltd.

For complaints and withdrawal problems, read this.

Xtrade review

Official xtrade broker review 2019

Is xtrade a legit broker?

Xtrade australia is licensed and regulated by ASIC and located at: 39-41 chandos street level 1, st leonards, NSW 2065, australia. Their ASIC ACN is 140899476 and license number is 343628.

Xtrade europe ltd, operates the website offersfx.Eu and they are licensed by cysec number 108/10. They are also registered in south africa with FSCA license # 46600.

Xtrade international ltd is located in belize, and regulated by the international financial services commission (IFSC/60/383/TS/19).

There are many forex brokers to compare and choose from online. Most traders choose to invest and trade at licensed and regulated broker instead of a scam broker.

Compare forex brokers

Most investors have multiple trading accounts at the best forex brokers.

Xtrade review

Xtrade rating

Pros / cons

Bad reputation

Not metatrader platform

High spreads

Min. Deposit of $250

What is xtrade?

Founded in 2003 and based in melbourne (australia), xtrade is owned by the xtrade.Au pty ltd. Although xtradde is primarily registered as an australian company and has authorization from the australian securities and investments commission (ASIC – ACN: 140899476 licence no: 343628) throughout the world and has multiple offices located in its major geographical markets.

As an innovative company, this financial firm was one of the first brokers to offer forex trading via contracts for differences (cfds). Xtrade is one of the largest providers of CFD trading and has clients from around the world.

The football star cristiano ronaldo was their ambassador from 2016-2017.

Xtrade review – homepage

Regulation & trust

Is xtrade a good and regulated broker?

Yes, its australian clients are protected by one of the most strict government regulatory authorities, the australian securities and investments commission (ASIC – ACN: 140899476 licence no: 343628).

Xtrade has a very poor history of fraudulent behaviour ( withdrawal issues, unfair conditions in its platform, …).

Trading platforms & tools

As xtrade is a CFD broker, it does not have to pass customer orders to the real market, because all books are maintained internally. Hence, they do not offer traditional trading software like other forex brokers.

Instead, this broker has developed its own proprietary trading platform, which customers can access from any regular modern browser and from their smartphone.

Currently, they offer mobile trading applications for android, ios devices, and windows phones.

Does xtrade use metatrader?

Not, they don’t support metatrader platforms.

Instruments

How many assets can be traded at xtrade?

They provide trading shares of major companies and indices. N addition to the equities, they also allow its customers to trade major commodities like gold and silver. However, the largest collection of trading instruments offered by them is the forex currency pairs.

Besides major currency pairs like EUR/USD, GBP/USD, USD/JPY, etc., xtrade also offers a range of minor and exotic currencies to its customers.

During our research for this review, we found that their customers can also trade virtual cryptocurrencies like the bitcoin on its platform.

Trading conditions

What are the xtrade spreads?

All fees are charged as spreads, which happens to be fixed and ranges between 2-5 pips. We accessed its website during a weekend, the spread on EUR/USD was showing 5 pips, which would be pretty high compared to its close competitors. Although, we are sure that it comes down to 2 pips during regular trading hours, which is sunday 9 p.M. To friday at 9 p.M.

What are their fees and commissions?

Xtrade.Com don’t charge commissions on their accounts, but they have a $50 inactive account fee per month if you don’t trade for a period of 3 months.

What is their max leverage with icmarkets?

They offer up to 400:1 leverage on all of its instruments.

Research & education

They offer basic online educational tools including video tutorials, forex courses and an economic calendar.

Type of accounts

You can choose among 4 accounts depending on your minimum deposit:

Standard: $250 min. Deposit. Basic features, with high spreads.

Premium: $1,000 deposit is required. A dedicated account manager is provided by xtrade.

Platinum: you must deposit $5,000. You get a VIP trading support, and lowest spreads.

VIP: $20,000 minimum deposit is required. This account includes a priority account, individual trading strategy, and lowest spreads.

Xtrade demo account

All of these 4 accounts come to include a free demo version.

What is the minimum deposit on xtrade?

Customers can open a standard account with a $250 initial deposit.

Client support

They offer several popular channels of communication to its customers, including, live chat, email, or telephone. However, we found that xtrade hour support team is available from sunday at 22:00 GMT to friday at 22:00 GMT only.

Customers are encouraged to send an email to [email protected] prior to calling. However, xtrade does offer strong phone support.

In addition to phone and email support, xtrade also has a live chat option on their website where customers can reach customer support during business hours, which excludes the weekends.

Conclusion

Although that xtrade is an australian regulated broker and this broker was a pioneer in CFD trading and its extensive global reach made it one of the handfuls of top brokers around the world, last years they’ve gained a very bad reputation in the industry due to many client complaints about withdrawal issues, manipulation of prices, and huge spreads.

So, let's see, what we have: find out more about xtrade. Read user reviews, see ratings and compare the best online trading platforms, features, fees, and more. Start trading today! At xtrade cfd trading