XTrade Broker Review: The Broker that is gaining popularity among the customers by leaps and bounds is XTrade Broker. XTrade is certainly one of the best brokers in the Forex and CFD trading market. Their success story began since the inception and now in 2016, it has reached the highest peak. This year, XTrade have announced their sponsorship of Cristiano Ronaldo, who has become the new ambassador broker.
We believe that XTrade is reliable broker to invest with, as the investors are in overall happy and the company offers a lot of options. But still we have to do a thorough analysis, studying its pros and cons. Lets get started with the XTrade Broker review to learn more about this broker.
XTrade Broker Review at a Glance:
Type of Broker: MM
Country of origin: Cyprus
Founded in: 2007
Regulation: ASiC, CySEC, IFSC, MiFID
Minimum Deposit: $100
Min. lot size: 0.01
Max. Leverage: 1:400
Spreads: 1 pip
About XTrade Broker
Xtrade, founded in 2010, is a recognized innovative international provider for Contracts for Difference (CFDs), offering a comprehensive trading environment for stocks, commodities, Forex, and indices. XTrade is owned and operated by XFR Financial Ltd, Limissol Cyprus and is regulated by CySec. It’s headquarter is situated in Belize City and it is provides trading services for clients in over 150 countries.
XTrade Broker Review Table:
|Broker Information||Trading Information|
|Legal Name||XTrade||Platform Type||Web Trader, Mobile|
|Headquarters||Belize||OS Compatibility||Mac OS , iOS , Windows , Android|
|Founded in||2007||Social Trading||No|
|Regulators||ASiC, CySEC, IFSC, MiFID||Trading Signals||Yes|
|US Clients||No||Automated Trading||Yes|
|Contact Number||+44 2038074001||Trade From Charts||Yes|
|Email:||email@example.com||Binary Option Trading||No|
|Account Information||E-mail Alerts||Yes|
|Minimum account size||$100||Mobile Alerts||No|
|Maximum account size||–||Trailing Stops||No|
|Minimum position size||0.01 lot||Guaranteed Stop Loss||Yes|
|Fixed||Guaranteed Limit Orders||Yes|
|Spread on EUR/USD||1||Guaranteed Fills||No|
|Leverage up to||1:400||Scalping||No|
|Trading instruments||Forex, CFD, Index||Hedging||No|
|Trading platforms||Web trader, Mobile Trader||Expert advisors||Yes|
|Digits after dot||4||Interest on Margin||No|
|Margin call level||100%||One-Click Execution||Yes|
|Stop-out level||20%||OCO Orders||No|
|Minimum distance to stop/limit orders,||2 pips||Deposit and Withdraw|
|Number of trading products||50||Deposit Method||Bank Wire Transfer , Credit Card , Debit Card, E-currency|
|Mini Account||No||Withdraw Method||Bank Wire Transfer , Credit Card , Debit Card, E-currency|
|VIP Account||Yes||Deposit Time||Instant|
|SWAP free Account||Yes||Average Withdraw Time||–|
|Segregated Account||Yes||Customer Service|
|Demo Account||Yes||24 Hours Support||Yes|
|Institutional Accounts||No||Customer Support Languages||English, Italian, German, Russian, French, Portuguese, Polish, Chinese, Danish, Hungarian, Multi-lingual|
|Support Services||Phone Support||Yes|
|Managed Accounts||No||Live Chat Support||Yes|
|Market News||Yes||Bonus & Promotion|
|Market Update||Yes||No Deposit Bonus||Yes|
|Educational Program||Yes||Deposit Bonus||Yes|
XTrade Broker Review in Details
The first step in a review, you must always analyze the regulation under which the broker is conducting business. Because, it is what informs us about whether it is a safe and reliable broker or not. Obviously, regulated broker doesn’t always mean 100% reliable, but it shows a clear sign that they are serious in business and they are not going to do any scams.
Xtrade, a licensed & regulated investment firm, is authorized to operate by the following commissions:
- Cyprus Securities and Exchange Commission (108/10), the Markets in Financial Instruments Directive (MiFID)
- International Financial Services Commission (IFSC/60/383/TS/15).
- The Australian Securities and Investments Commission (ACN: 140899476 AFSL: 343628)
- Shares, Stocks, Equity CFDs: Apple, Google, Nike, JP Morgan, IBM, etc.
- Forex Trading – EUR/USD, USD/JPY, etc.
- Index CFDs – S&P 500, Dow Jones, etc.
- Commodity CFDs – Gold, Silver, Oil, Natural Gas, etc.
Spreads and Commisions
Unlike other service providers who charge a commission on each trade, at Xtrade you will never be charged for any trading commissions. All they get are the spreads.
An Inactive Account Fee of up to $5 USD per month is assessed to Xtrade accounts that are inactive. An account is considered inactive if there has been no trading activity for a period of 3 months.
The trading platform offered by XTrade is a WebTrader (web format) accessible from any web browser without the need to download or install anything on your computer. It is a fairly simple platform to manage with the basic options that any trader needs:
- The list of instruments available for investment,
- a system of graphs to analyze price actionand be able to make your trading decisions helping some of the leading indicators technical analysis (such as RSI, MACD, Bollinger Bands, SMA, Alligator)
- The basics to control and manage your positions and your account balance.
Not allowed to use automatic trading systems (like you can do with other broker offering platform MetaTrader ) and there are strategies that are not allowed as scalping or hedging.
Additionally, XTrade provides a specific version of its platform for use on mobile devices like the iPhone & iPad, mobile and tablets with Android or Windows Phone system.
XTrade offers a unique trading account. The minimum initial deposit is $ 100.
Diposit and Withdraw Options
With Xtrade, you can use all the leading online transfer mechanisms for deposits and withdrawals, determined by the currency you choose during the deposit process.
|Payment Method||Max Transaction|
|Visa / Mastercard||15,000 USD|
|American Express||1,500 USD|
|Fast Bank Transfer||Unlimited|
|Astropay Card||500 USD|
|QIWI SC||15,000 RUB|
|Todito Cash||7,000 MXN|
Your withdrawal shall be processed via the same method that the deposit was made. 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.
Forex Learning Center
We would like to highlight a few educational measures of the broker in this XTrade Broker review.
Learn the basic concepts of forex trading, what this market is all about, and why you should be a part of it.
Familiarize yourself with advanced strategies and Xtrade’s trading toolset. Take your trading to the next level.
CFDs and Stocks
Discover the world of CFD trading: The advantages, relevant information and market dynamics.
Forex Professionals Trading Guide
Explore how the world’s largest financial market operates, how currencies are traded and the strategies used to manage risk.
CFDs Professionals Trading Guide
Learn the ins and outs of CFD trading, featuring examples and technical analysis.
Bonus and Promotions
We would like to highlight a few promotional offers of the broker in this XTrade Broker review.
Exclusive offer for Ronaldo’s fans
This is a special offer for Ronaldo fans. You can become an Xtrade customer, and get 77% bonuses on all deposits made during your first 7 days!!
Advantage of September US NFP Announcement
High impact news events such as these are extremely volatile, opening up many trading opportunities. You need to deposit $1000 to $5000 and you will receive up to 100% bonus!This offer will be Valid between 01/09 and 02/09.
Xtrade Olympia 2016 Contest
With automatic participation, you can power up your market performance. Whether you are a Premier or Beginners level trader, trade for prizes and bring home a medal for your country!
There are four weekly trading competitions measuring the previous weeks’ trading volume in three categories- Forex, commodities, indices & shares. Competition results will be published every week on Sunday, August 7th, 14th, 21st and 28th.
First Deposit Bonus (Up to $6000)
(Bonus Up to $6000)
|First Deposit Amount||Bonus Level||Get Up To|
|$100 – $249||20%||$50|
|$250 – $499||30%||$150|
|$500 – $999||40%||$400|
|$1,000 – $1,999||50%||$1,000|
|$2,000 – $3,499||60%||$2,100|
|$3,500 – $4,999||60%||$3,000|
|$5,000 – $9,999||60%||$6,000|
Phone Verification Bonus ($20 Cash bonus)
Verify your phone and receive a free $20 CASH bonus.
- Login to your account.
- Select Account Options > Phone Verification.
- Submit valid phone number, enter code received by SMS and receive your instant cash bonus.
XTrade Broker affiliate Program
Are visitors to your website interested in online trading? Join the XTrade affiliate program today and start earning a commission.
The XTrade affiliate program has all the tools you need to run successful campaigns. Benefit from a vast range of attractive and effective marketing tools designed to generate traffic and boost conversion!
Start earning money on clients that you refer to XTrade, in the form of a Revenue Share or CPA.
Here are some of the reasons for joining the XTrade affiliate program:
- Earn up to 35% revenue share, or up to $600 CPA!
- Be part of the next generation of online CFD trading.
- Monetize your traffic on web, windows, ios, android and more.
- Full support from dedicated affiliate managers.
One fine aspect of the broker- XTrade always emphasize on the quality of the support services. In order to be able to support their traders properly, XTrade has deployed a large team of support personnel to deal with any issues that traders might have problems in overcoming. To communicate with the support team, traders can use email, live chat or the telephone. In addition, XTrade has made their support services available in multiple languages and on a 24/7 basis 5 days in a week.
Advantages and disadvantages
We have already come a long way and we are very near the end of the Xtrade broker review. Before finishing, we want to provide an overview of everything that we have seen in this review.
- Account verification bonus for new customers
- Free demo account in web trader
- One unique accounts for all
- Regulation and high security
- very competitive spreads
- $ 100 minimum deposit
- Fastest response in email communication
- Leveraging the highest market of CFDs
- Mobile Apps for all sorts of operating system
- Does not allow US Traders
- Popular MetaTrader 4 platform is not available
Xtrade Broker Review: Conclusion
Possibly after this review you will be able to have a clear opinion on XTrade. As we have said earlier that the broker is reliable as they have a good reputation and trading conditions. XTrade broker whose services are good in quality and with very reasonable spreads.
If you want to read more information or want to open a real account to start trading, the best you can do is visit their official website. Thank you for your time to read this Xtrade Broker review.
XTrade |Forex Broker Review
- Customer Support
- Deposit and Withdrawal
- Platform Performance
- Overall Customer Experience
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