Xtrade online cfd trading

Balance: $1,000 (deposits - withdraws + P&L of closed positions).
P&L =
- Balance (deposits - withdraws + P&L of closed positions+ premium): $1,002.2 ($1,000 – 0 + $4 + (-$1.8))
- Premium: -1.8 pips = -$1.8
- P&L = your criteria:
- Equity: $1,002.2
(total profit and loss of all open positions including premium).
Available balance: $1,000 (balance + P&L of open positions - initial margins).
Equity: $1,000 (balance + P&L of open positions).

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Trading Info, xtrade online cfd trading.

Keeping a position open after a specific hour (approximately 22:00GMT (21:00DST)), as shown in the xtrade trading platform display screen "details", subjects you to an xtrade funding premium that is subtracted from your account. This premium covers the benefit/cost of the associated funding.

Trading info

Spreads only

A spread 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 our cfds list.

Deposit fees

There are no deposit fees charged to the client.

Withdrawal fees

There are no withdrawal fees charged to the client.

Premium charges

Trade settlement occurs two business days (T+2) after the trading day (opening/closure of a position). The day of settlement is also called the value day.

To see the premium sell and the premium buy charges for each product please refer to our cfds list.

Example of opening a position and holding it over the night: you signed up and deposited $1,000 via credit card:

Balance: $1,000 (deposits - withdraws + P&L of closed positions).

P&L = $0 (total profit and loss of all open positions including premium).

Available balance: $1,000 (balance + P&L of open positions - initial margins).

Equity: $1,000 (balance + P&L of open positions).

On monday at 1:00pm - you press 'buy' EUR/USD which is trading at: (sell 1.05034/buy 1.05064).

Your criteria:

Deal amount: 10,000 EUR

The total amount you bought is: 10,000 * 1.05064 = $10,506.4

Premium buy: 9PM GMT (DST) and premium charge applied (-$1.8)

You decide to close it on next day (tuesday) at 1.05104

Your criteria:

Balance (deposits - withdraws + P&L of closed positions+ premium): $1,002.2 ($1,000 – 0 + $4 + (-$1.8))

Premium: -1.8 pips = -$1.8

P&L = $0

Equity: $1,002.2

* in case you decide keep the trade opened over another night, the charge will apply again per each night.

Example of opening a position and holding it over the night: you signed up and deposited $1,000 via credit card:

Balance: $1,000 (deposits - withdraws + P&L of closed positions).

P&L = $0 (total profit and loss of all open positions including premium).

Available balance: $1,000 (balance + P&L of open positions - initial margins).

Equity: $1,000 (balance + P&L of open positions).

On monday at 1:00pm - you press 'sell' gold which is trading at: (sell $1,199.65/buy $1,200.35) per ounce.

Your criteria:

Number of ounces: 10.

The total amount you sold is: 10*$1,199.65 = $11,996.50

Premium sell: -25 pips

Pip value: 1 pip= $0.1

You hold the deal over the night (10PM GMT- 9PM GMT DST) and premium charge applied (-$2.5)

You decide to close it on next day (tuesday) at $1,200.65

Your criteria:

Balance (deposits - withdraws + P&L of closed positions+ premium): $987.5 ($1,000 – 0 -$10 + (-$2.5))

Premium : -25 pips = -$2.5

P&L = $0

Equity: $987.5

* in case you decide keep the trade opened over another night, the charge will apply again per each night.

Inactivity fee

An inactive account fee of up to $50 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.

Dormant account maintenance fee

A dormant account maintenance fee of up to $100 USD per month is assessed to xtrade accounts that are inactive for one year or more.

Xtrade review and tutorial 2021

Go to the brokers list for alternatives

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

Trade on over 50 major, minor, and exotic currency pairs.

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.

Xtrade platform

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

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.

Benefits

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

Drawbacks

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.

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 review

Xtrade is an online brokerage firm that offers traders across the globe over 500 assets for trading on its proprietary web and mobile trading platforms. There are several platform tools that are provided to traders including autochartist, economic calendar and market sentiment analysis. However, the brokers spreads are not the tightest and they do not offer any social trading platforms.

Xtrade review, pros & cons

Regulated broker

Trading signals from autochartist

Market trends & sentiment analysis tools

Multiple payment options; over 60 channels

High spreads compared to other online brokers

No social trading platforms or managed accounts

No metatrader platforms

Clients from USA & some other countries are not accepted

Market maker broker model

In this detailed xtrade review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Xtrade is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including xtrade.

Xtrade review: summary

Xtrade is an online forex and CFD broker that offers online trading solutions to its clients. The broker was founded in 2003 with a passion for innovation, integrity and professionalism. The head office is in cyprus while it has offices in over 15 locations worldwide. The website is translated into over 30 languages.

Xtrade provides access to trade over 500 trading instruments on its modern trading platforms. The broker offers only fixed spreads and charges no commissions on trades. Trades are executed within fractions of seconds. The broker states that it is the sole execution venue of client orders and acts as principal to the trade executions.

The official ambassador of xtrade from 2016 to 2017 was the portuguese football legend, “cristiano ronaldo”. He is one of the world’s most decorated football players with multiple ballon d’or awards and european golden boots.

Xtrade have been decorated with awards for their online trading services. Prominent among the awards are the following: ‘best forex education provider’ and ‘best mobile trading platform’ which were both won at the ‘china awards’. Also, at the 2016 forex expo awards in dubai, xtrade won the ‘best forex broker’ award.

Xtrade review: online broker awards

Xtrade review: regulation

Xtrade europe ltd is registered in cyprus with the registration number: 248449. It is regulated by the cyprus security and exchange commission (cysec). The license number is 108/10. Despite this regulation, xtrade has been included on a number of regulator’s warning lists despite having cysec approval. Thus, we would most certainly only proceed with great caution.

Xtrade is regulated by the australian securities and investments commission (ASIC). The registration number is ACN: 140899476 and the license number is AFSL: 343628.

Xtrade international ltd is regulated by the international financial services commission (IFSC) of belize. The license number is IFSC/60/383/TS/19.

Xtrade affirms that all clients’ deposits are maintained in segregated accounts with top-rated international banks. The broker also audits its records to ensure complete compliance to the regulatory stipulations. Segregation of clients’ funds ensures that investors’ funds are separate from the broker’s funds. Even if the broker closes its doors for business, eligible investors can still be entitled to refunds from these segregated accounts.

To further secure the trader, xtrade has implemented a 256-bit secured socket layer (SSL). This is a standard security practice designed to protect all clients’ data and transactions as data is transmitted to and from the servers.

Xtrade review: countries

Xtrade does not provide its services to clients from the unites states, canada, belgium, zimbabwe, nigeria or other countries where its services will conflict with the local or national laws. Some xtrade features and products mentioned within this xtrade review may not be available to traders from specific countries due to legal restrictions.

If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers australia, best brokers south africa, best brokers canada or our best brokers for all other countries.

Xtrade review: trading platforms

Xtrade webtrader

This is xtrade’s proprietary trading platform that has an intuitive user interface for traders to access multiple markets in order to buy and sell forex and cfds. It runs on every operating system and requires no downloads.

Here are some of the features of the xtrade platform:

Available in 11 languages.

Account verifications, funding, withdrawals can be done from the platform.

Switch between demo and real accounts with one click.

The charts window has a multiscreen feature which can display the charts in up to 6 screens. This is useful for comparison over different charts, timeframes and indicators.

12 technical indicators.

4 chart styles; bars, candles, line and area.

Charts can be displayed on 9 timelines from tick to 1 week.

Integrates tools such as the financial calendar, autochartist, market trends, etc.

17 drawing tools used for technical analysis.

Xtrade review: xtrade webtrader

Xtrade online trading

This is the mobile app version of the trading platform. It is available for ios and android devices. The apps can be downloaded and installed from the respective app stores. The mobile app presents a user friendly interface and is very responsive.

Here are some of the key xtrade mobile trading app features:

Gives access to live quotes of stocks, indices, forex, commodities, etc.

Easily open, edit or close trade positions including multiple order types and risk management tools.

Integrates account funding and withdrawal options using multiple payment methods.

Perform technical analysis using charts, indicators and analytical tools.

Customisable with alerts on prices, trades, etc.

Integrates some trading tools such as autochartist alerts, financial calendar, market trends, etc.

Xtrade review: xtrade mobile apps

Xtrade review: trading tools

Xtrade blog

There is financial news that is frequently updated on the blog website; blog.Xtrade.Com. The videos are professionally presented from xtrade’s news studio. Daily forex signals and analysis were previouslt updated on the blog but unfortunately have stopped.

Autochartist market analysis

The autochartist tool is accessible from the webtrader platform. It is available only to traders who fund their accounts with a minimum of $1,000. Autochartist is a market analysis software tool that gives access to in-depth expert analysis and trading signals on a wide range of tradable assets. It also scans the markets and alerts the trader when it finds a trading opportunity.

Financial calendar

The economic calendar can be accessed from the webtrader platform under the ‘tools’ menu. This financial calendar is an important tool used in fundamental analysis. It shows the dates and times scheduled for important economic activities and their forecasted impacts on the financial markets. The calendar is customisable to suit the trader’s preferences.

Xtrade review: financial calendar

Market trends

This service is powered by a third party company (finansoft S.R.O) and it is available on the xtrade webtrader platform. It gives trading signals on selected instruments.

Xtrade review: market trends

Bull/bear market sentiment

This is another platform tool found on the xtrade webtrader. It gives the percentage of xtrade’s clients buying or selling a given asset within a defined time interval. This can be used as part of a market sentiment analysis which is often used to form part of a contrarian trading strategy.

Xtrade review: market sentiment analysis

Xtrade review: education

The education centre on the website has some video lessons geared towards beginner traders. The first set of video tutorials is focused on using xtrade’s website and trading platform. The videos are fully animated, interesting, clear, loud, and precise.

There are 11 video lessons of the basics of forex, bitcoin, technical analysis, indicators, and cryptocurrencies. The videos are taught by xtrade’s staff. The lessons were presented from a news room and contain only a few animations and illustrations.

A glossary of over 90 forex and CFD trading terms along with their explanations is available in the education center.

Xtrade review: trading instruments

The following trading instruments are available on the xtrade platforms:

19 major currency pairs, 12 minor pairs & 29 exotic pairs.

33 indices.

About 400 shares from USA, UK, japan, europe, etc.

25 commodities.

17 cryptocurrencies.

5 bonds.

23 exchange traded funds (etfs).

Xtrade review: trading accounts & fees

The maximum leverage is 1:400 for all account types. The spread ranges from 2-5 pips for the benchmark EURUSD.

Standard account: the minimum deposit is $250. This is the basic account with minimal features.

Premium account: the minimum deposit is $1,000. This account gives access to autochartist market alerts and dedicated account managers.

Platinum account: this is the most popular account with a minimum deposit of $5,000. This account features reduced spread and VIP bonuses.

VIP account: this is the account reserved for professional traders. The minimum deposit is $20,000. Account holders get exclusive corporate gifts.

Inactivity fees of $10 per month are charged from accounts that have been dormant for 3 months. For accounts that have been inactive for a year, $60 per month is charged.

As broker fees can vary and change, there may be additional fees that are not listed in this xtrade review. It is imperative to ensure that you check and understand all of the latest information before you open a xtrade account for online trading.

Xtrade review: customer service

Xtrade has a multilingual client support desk that is available round the clock on weekdays (24/5). The team speaks over 10 languages and operates from various locations. They can be reached on email, phone and instant web chat. On social media, they are on facebook, twitter, linkedin and youtube.

The customer service desk also has a frequently asked questions (faqs) section where they answer the most common questions usually asked by prospective clients.

Xtrade review: deposit & withdrawal

Xtrade states it repeatedly that it does not charge deposit and withdrawal fees. But some payment processors and banks may charge fees which will be borne by the client. Withdrawal requests are only approved for accounts that are completely verified. Generally, here are the payment options available:

Bank wire transfer: this method is used to transfer money between a client’s bank account and xtrade bank accounts. It takes up to 5 business days for complete bank transfer processing.

Online bank payment solutions from the following banks or payment processors are accepted: itaú, bradesco, banco do brasil, santanda, banco de chile, bancomer, banamex, santander rio, banco de occidente credencial, banco de occidente credencial, banklink, caixa, banco macro, banco galicia, citi bank, ekonto, euteller, giropay, ideal, lobanet, mister cash, multibanco, przelewy24, SOFORT, SPEI, poli and BPAY.

Credit/debit card: the cards accepted are visa, mastercard, unionpay, hipercard, JCB, and ELO. Card deposits are processed instantly while withdrawals may take up to 10 days.

Online payments: the electronic payments accepted are dineromail, PSE, VLOAD, abaqoos, alipay, astropay, cashu, carulla, boleto, ecard, ecopayz, EDEQ, epay.Bg, fasapay, halcash, jeton, moneta, neteller, neosurf, paysafecard, pago efectivo, pago facil, rapipago, QIWI, redpagos, skrill, sporopay, surtimax, teleingreso, ticket surf, todito cash, webmoney, wechatpay and yandexmoney.

Xtrade review: payment options

Xtrade review: account opening

The registration process on the xtrade website is very easy and straightforward. First visit the right website for your country of residence, click on ‘register’ found on the side menu bar. The form below displays.

Xtrade review: account registration form

Fill your name, email and phone number, agree to terms and click ‘submit’. The account is created and a password is assigned to the account. You are logged onto the xtrade online trading platform where you can make a deposit and start trading online.

Xtrade review: conclusion

Xtrade has been in the brokerage business for many years although they have come under some scrutiny during this time. The company is however regulated and states that they are committed to applying modern technologies, innovation and honesty.

The broker provides liquidity and access to trade over 500 instruments on its proprietary trading platforms for web browsers and mobile apps. The platform is simple, yet replete with a range of charting and analysis tools. The integration of autochartist analysis and signals is a popular choice for automated market analysis. It takes away the time requires to conduct complex charting and analysis from the trader. The sentiment tools provided gives traders an insight of what other traders are buying and selling which can also be useful to professional traders.

However, the spreads offered by xtrade are not that low when compared to other online brokers that offer spreads from 0 pips. They can also mark up the spreads as they do not charge a commission on trades. The VIP spreads and trading conditions require a large deposit. No cent accounts are provided and no social trading platforms or MAM/PAMM accounts. There is no provision for trade automation and platform extension via plugin apps. For these reasons amongst others, we consider xtrade a limited broker for online trading.

Trading FX/cfds involves a significant level of risk and you may lose all of your invested capital. Please ensure that you understand the risks involved.

Min $100 deposit

Xtrade is an online brokerage firm that offers over 500 assets for trading on its proprietary web & mobile platforms. Several platform tools are provided to traders including autochartist. The spreads are not the tightest & no social trading is offered.

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).

Quando investi,
fai come me.
Scegli XTB

QUANDO INVESTI,
FAI COME ME.
SCEGLI XTB

Forex, indici, commodities

Azioni CFD & CFD su ETF

CFD su bitcoin e altre criptovalute

Trada oltre 1500 strumenti da tutto il mondo

Fai trading sulle nostre piattaforme in tutto il mondo

Facile da usare, interamente personalizzabile

Tempo medio di esecuzione delle operazioni: 85 millisecondi

Calcolatrice del trading avanzata, statistiche di performance dal vivo

Trade dai grafici, chiusura di gruppi di ordini

per saperne di più

Passa a XTB limited

In XTB group lavoriamo duramente per migliorare la tua esperienza di trading. In qualità di broker globale a 5 stelle, la soddisfazione dei nostri clienti è al centro della nostra attenzione.

1500+ mercati finanziari

Ampia gamma di mercati globali tra cui forex, indici, materie prime, ETF e altro ancora.

Sicuro e protetto

Il gruppo XTB è composto da società con uno dei più grandi broker FX e CFD quotati in borsa al mondo. XTB group ha entità regolamentate dalle più grandi autorità di supervisione del mondo, tra cui FCA, cysec e KNF.

Formazione completa

Usa la nostra vasta libreria di video e scopri di più sul trading. La nostra trading academy contiene corsi dal livello base, intermedio a quello esperto.

Piattaforma innovativa

Miglioriamo costantemente la nostra piattaforma di trading cercando di renderla la migliore sul mercato. I nostri clienti fanno su xstation decine di migliaia di operazioni al giorno.

200.000+ clienti

In 15 anni di attività nei mercati finanziari, XTB ha guadagnato la fiducia di oltre 200.000 clienti.

Supporto veloce e altamente qualificato

Il nostro supporto clienti è disponibile 24/5, pronto a rispondere a tutte le tue domande ed a risolvere tutti i tuoi problemi. La tua soddisfazione è il nostro obiettivo principale.

1500+ mercati finanziari

Ampia gamma di mercati globali tra cui forex, indici, materie prime, ETF e altro ancora.

Sicuro e protetto

Formazione completa

Usa la nostra vasta libreria di video e scopri di più sul trading. La nostra trading academy contiene corsi dal livello base, intermedio a quello esperto.

Piattaforma innovativa

Miglioriamo costantemente la nostra piattaforma di trading cercando di renderla la migliore sul mercato. I nostri clienti fanno su xstation decine di migliaia di operazioni al giorno.

200.000+ clienti

In 15 anni di attività nei mercati finanziari, XTB ha guadagnato la fiducia di oltre 200.000 clienti.

Supporto veloce e altamente qualificato

Il nostro supporto clienti è disponibile 24/5, pronto a rispondere a tutte le tue domande ed a risolvere tutti i tuoi problemi. La tua soddisfazione è il nostro obiettivo principale.

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Formazione

Oltre 1000 articoli, quiz e video

Analisi di mercato

Notizie in tempo reale 24/5

Webinar

Webinar quotidiani con i nostri esperti

Ultime notizie

Limitazioni nell'esecuzione degli ordini per determinate azioni e azioni CFD (azioni quotate negli USA)

Rollover, festività e dividendi nella prossima settimana:

Strumenti USGAME, USCANNA, USBIOT, USCHN, USMEDIA, USLITH in modalità di sola chiusura dal 28.01.2021

Inizia gratuitamente

Iniziare è facile e gratuito per 30 giorni, bastano pochi minuti per l'installazione.

AVVERTENZA SUL RISCHIO: I CFD sono strumenti complessi e presentano un rischio significativo di perdere denaro rapidamente a causa della leva finanziaria. 82% di conti di investitori al dettaglio perdono denaro a causa delle negoziazioni in CFD con questo fornitore.Valuti se comprende il funzionamento dei CFD e se può permettersi di correre questo alto rischio di perdere il suo denaro. Non dovresti rischiare più di quanto sei disposto a perdere. Assicurati di comprendere appieno i rischi associati al prodotto e di leggere le nostre dichiarazione di divulgazione completa del rischio.

XTB limited è autorizzata e regolata dalla cyprus securities and exchange commission con numero di licenza CIF 169/12. XTB limited ha sede a pikioni 10, building: highsight rentals ltd, 3075, limassol, cipro.

XTB è marchio registrato di XTB group. XTB group include ma non è limitato alle seguenti società:
X-trade brokers DM SA è autorizzata e regolata dalla komisja nadzoru finansowego (KNF) in polonia
XTB limited (UK) è autorizzata e regolata dal financial conduct authority nel regno unito(licenza no. FRN 522157)
XTB limited (CY) è autorizzata e regolamentata dalla cyprus securities and exchange commission.(licenza no.169/12)

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 forex broker broker review

Reviewer : justin freeman

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.

Quando investi,
fai come me.
Scegli XTB

QUANDO INVESTI,
FAI COME ME.
SCEGLI XTB

Forex, indici, commodities

Azioni CFD & CFD su ETF

CFD su bitcoin e altre criptovalute

Trada oltre 1500 strumenti da tutto il mondo

Fai trading sulle nostre piattaforme in tutto il mondo

Facile da usare, interamente personalizzabile

Tempo medio di esecuzione delle operazioni: 85 millisecondi

Calcolatrice del trading avanzata, statistiche di performance dal vivo

Trade dai grafici, chiusura di gruppi di ordini

per saperne di più

Passa a XTB limited

In XTB group lavoriamo duramente per migliorare la tua esperienza di trading. In qualità di broker globale a 5 stelle, la soddisfazione dei nostri clienti è al centro della nostra attenzione.

1500+ mercati finanziari

Ampia gamma di mercati globali tra cui forex, indici, materie prime, ETF e altro ancora.

Sicuro e protetto

Formazione completa

Usa la nostra vasta libreria di video e scopri di più sul trading. La nostra trading academy contiene corsi dal livello base, intermedio a quello esperto.

Piattaforma innovativa

Miglioriamo costantemente la nostra piattaforma di trading cercando di renderla la migliore sul mercato. I nostri clienti fanno su xstation decine di migliaia di operazioni al giorno.

200.000+ clienti

In 15 anni di attività nei mercati finanziari, XTB ha guadagnato la fiducia di oltre 200.000 clienti.

Supporto veloce e altamente qualificato

Il nostro supporto clienti è disponibile 24/5, pronto a rispondere a tutte le tue domande ed a risolvere tutti i tuoi problemi. La tua soddisfazione è il nostro obiettivo principale.

1500+ mercati finanziari

Ampia gamma di mercati globali tra cui forex, indici, materie prime, ETF e altro ancora.

Sicuro e protetto

Formazione completa

Usa la nostra vasta libreria di video e scopri di più sul trading. La nostra trading academy contiene corsi dal livello base, intermedio a quello esperto.

Piattaforma innovativa

Miglioriamo costantemente la nostra piattaforma di trading cercando di renderla la migliore sul mercato. I nostri clienti fanno su xstation decine di migliaia di operazioni al giorno.

200.000+ clienti

In 15 anni di attività nei mercati finanziari, XTB ha guadagnato la fiducia di oltre 200.000 clienti.

Supporto veloce e altamente qualificato

Il nostro supporto clienti è disponibile 24/5, pronto a rispondere a tutte le tue domande ed a risolvere tutti i tuoi problemi. La tua soddisfazione è il nostro obiettivo principale.

L'argento può diventare il prossimo gamestop?

Apri un conto oppure fai il login per avere l'accesso alla sezione delle news.

��US100 si ritira in vista della FED❗

Panoramica delle materie prime - petrolio, zinco, oro, soia

Apri un conto oppure fai il login per avere l'accesso alla sezione delle news.

⏰riunione BCE: cosa possiamo aspettarci?

MACRO: la cina vince grazie alla domanda estera

Apri un conto oppure fai il login per avere l'accesso alla sezione delle news.

Potresti essere interessato anche a:

Formazione

Oltre 1000 articoli, quiz e video

Analisi di mercato

Notizie in tempo reale 24/5

Webinar

Webinar quotidiani con i nostri esperti

Ultime notizie

Limitazioni nell'esecuzione degli ordini per determinate azioni e azioni CFD (azioni quotate negli USA)

Rollover, festività e dividendi nella prossima settimana:

Strumenti USGAME, USCANNA, USBIOT, USCHN, USMEDIA, USLITH in modalità di sola chiusura dal 28.01.2021

Inizia gratuitamente

Iniziare è facile e gratuito per 30 giorni, bastano pochi minuti per l'installazione.

Xtrade review

Regulation: is xtrade a scam?

Does xtrade pay?

Demo account

Commissions

Terms

Reviews

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

So, let's see, what we have: CFD online trading fees; no commissions; bid – ask spread only; settlement – value T+2; inactivity fee; overnight premium at xtrade online cfd trading