Xtrade demo
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.
My list of forex bonuses
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. 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.
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 demo
抱歉,
我们当前正在更新系统。
Omlouváme se,
ale právě probíhá update systému.
Entschuldigung,
aktuell arbeiten wir an unseren systemen.
Sorry,
we are currently updating the system.
Lo sentimos,
estamos en estos momentos actualizando el sistema.
Bonjour, nos services sont actuellement en cours de maintenance, veuillez-nous excuser pour la gêne occassionée.
Sajnáljuk,
jelenleg frissítjük a rendszert.
Siamo spiacenti,
stiamo attualmente aggiornando il sistema.
Przepraszamy,
aktualnie aktualizujemy nasz system.
Pedimos desculpa,
estamos atualmente a atualizar o sistema.
Ne pare rău!
Momentan, sistemul este supus unor operațiuni de mentenanță.
Ospravedlňujeme sa,
ale práve prebieha update systému.
ขออภัยในความไม่สะดวก,
ตอนนี้เรากำลังปรับปรุงระบบ
Maalesef, şu anda sistemi güncelliyoruz.
Mong quý khách thông cảm,
chúng tôi hiện đang cập nhật hệ thống.
在以下时间之前无法注册: registrace nebude dostupná do: die registrierung wird voraussichtlich wieder möglich sein ab: registration will be unavailable till: el registro volverá a estar operativo a las: L'inscription sera indisponible jusqu'au: A regisztráció átmenetileg nem elérhető, eddig: la registrazione non sarà disponibile fino a: rejestracja będzie niedostępna do: registar-se está indisponível até: înregistrarea va fi indisponibilă până: registrácia bude nedostupná do: การลงทะเบียนจะไม่สามารถใช้งานได้จนถึง: kayıt şu tarihe kadar kullanılamayacak: không thể đăng ký đến khi:
V tuto chvíli naše systémy nefungují kvůli údržbě, která slouží k implementaci nových vylepšení.
Aktuell sind unsere systeme aufgrund von wartungsarbeiten außer betrieb. Wir arbeiten daran, neue möglichkeiten, funktionen und features für sie bereitzustellen.
A this time our systems are down for maintanance, so that we can release new features and improvements.
En estos momentos estamos actualizando nuestros sistemas para poder realizar mejoras e implementaciones
À l'heure actuelle, nos systèmes sont en maintenance. Des mises à jour sont actuellement en cours.
Jelenleg rendszereinken karbantartást futtatunk, az érdekében, hogy új funkciókkal és fejlesztésekkel szolgálhassunk.
Al momento i nostri sistemi non sono disponibili per la manutenzione, in modo da poter rilasciare nuove funzionalità e miglioramenti.
Obecnie nasze systemy są wyłączone z powodu konserwacji, abyśmy mogli wydać nowe funkcje i ulepszenia.
De momento, os nossos sistemas estão em manutenção, para que possamos lançar novos recursos e melhorias.
Deoarece lucrăm constant la îmbunătățirea experienței tale ca utilizator, în acest moment, sistemele noastre se află în proces de mentenanță.
Momentálne naše systémy nefungujú kvôli údržbe, ktorá slúži pre doplnenie nových vylepšení.
Şu anda sistemlerimiz bakım için kapalıdır, böylece yeni özellikler ve iyileştirmeler yayınlayabiliriz.
Hiện nay, hệ thống đang tạm ngưng để bảo trì cập nhật chức năng mới và cải tiến hơn.
Xtrade demo
We help you to create the best investment plan , resource & execution
Your trading options are
Our innovative platform has the most assests you can think of
Forex
Start trading and gaining off any volatility happening during the foreign exchange operations!
Metals
Precious metals have always been in trading category of its own, due to how big the gain from its volatility can be!
Indices
Tracking the index of any company listed and traded on the stock exchange can be very beneficial for you!
Oil/gas
Before the sun sets on the fossil fuels market, let’s trade those and earn some good money while doing that!
Commodities
If you’re interested in following changes of the commodities’ pricings, then this bull market may be your cup of tea!
Stocks
If you watch the tendencies that lead to the bond’s value change on the stock exchange close enough, you may earn off of it!
Key to success
Proper planing
Checkout and enjoy the biggest explain to you how is mistaken
Easy banking
Checkout and enjoy the biggest explain to you how is mistaken
Consulting
Checkout and enjoy the biggest explain to you how is mistaken
About trading
Forex and trading is a very in depth process that requires constant complex analysis, our vision is to simplify this process for all the people around the globe and help everyone put their money into the right place, wether it be salary or pension we will help you find the right place!
Market research
All our clients receive trading signals and latest news on daily basis, your market knowledge will always be up-to-date
Investment planning
We have several thousand managers around the globe that can help you plan your investment and help with hardest calculations
Account growth
Checkout and enjoy the biggest choice of traders that can grow your account daily
Analysis
Using our latest technological trading platform, fundamental analysis has never been easier.
Xtrade demo
抱歉,
我们当前正在更新系统。
Omlouváme se,
ale právě probíhá update systému.
Entschuldigung,
aktuell arbeiten wir an unseren systemen.
Sorry,
we are currently updating the system.
Lo sentimos,
estamos en estos momentos actualizando el sistema.
Bonjour, nos services sont actuellement en cours de maintenance, veuillez-nous excuser pour la gêne occassionée.
Sajnáljuk,
jelenleg frissítjük a rendszert.
Siamo spiacenti,
stiamo attualmente aggiornando il sistema.
Przepraszamy,
aktualnie aktualizujemy nasz system.
Pedimos desculpa,
estamos atualmente a atualizar o sistema.
Ne pare rău!
Momentan, sistemul este supus unor operațiuni de mentenanță.
Ospravedlňujeme sa,
ale práve prebieha update systému.
ขออภัยในความไม่สะดวก,
ตอนนี้เรากำลังปรับปรุงระบบ
Maalesef, şu anda sistemi güncelliyoruz.
Mong quý khách thông cảm,
chúng tôi hiện đang cập nhật hệ thống.
在以下时间之前无法注册: registrace nebude dostupná do: die registrierung wird voraussichtlich wieder möglich sein ab: registration will be unavailable till: el registro volverá a estar operativo a las: L'inscription sera indisponible jusqu'au: A regisztráció átmenetileg nem elérhető, eddig: la registrazione non sarà disponibile fino a: rejestracja będzie niedostępna do: registar-se está indisponível até: înregistrarea va fi indisponibilă până: registrácia bude nedostupná do: การลงทะเบียนจะไม่สามารถใช้งานได้จนถึง: kayıt şu tarihe kadar kullanılamayacak: không thể đăng ký đến khi:
V tuto chvíli naše systémy nefungují kvůli údržbě, která slouží k implementaci nových vylepšení.
Aktuell sind unsere systeme aufgrund von wartungsarbeiten außer betrieb. Wir arbeiten daran, neue möglichkeiten, funktionen und features für sie bereitzustellen.
A this time our systems are down for maintanance, so that we can release new features and improvements.
En estos momentos estamos actualizando nuestros sistemas para poder realizar mejoras e implementaciones
À l'heure actuelle, nos systèmes sont en maintenance. Des mises à jour sont actuellement en cours.
Jelenleg rendszereinken karbantartást futtatunk, az érdekében, hogy új funkciókkal és fejlesztésekkel szolgálhassunk.
Al momento i nostri sistemi non sono disponibili per la manutenzione, in modo da poter rilasciare nuove funzionalità e miglioramenti.
Obecnie nasze systemy są wyłączone z powodu konserwacji, abyśmy mogli wydać nowe funkcje i ulepszenia.
De momento, os nossos sistemas estão em manutenção, para que possamos lançar novos recursos e melhorias.
Deoarece lucrăm constant la îmbunătățirea experienței tale ca utilizator, în acest moment, sistemele noastre se află în proces de mentenanță.
Momentálne naše systémy nefungujú kvôli údržbe, ktorá slúži pre doplnenie nových vylepšení.
Şu anda sistemlerimiz bakım için kapalıdır, böylece yeni özellikler ve iyileştirmeler yayınlayabiliriz.
Hiện nay, hệ thống đang tạm ngưng để bảo trì cập nhật chức năng mới và cải tiến hơn.
Xtrade demo
Browse our support section
Opening an account
Go to register, complete the form and you will be logged in to your trading account. In the pop-up message, you will see a randomly generated password, which you are required to change to your own. You will also receive a welcome email with both username and password.
It is free. Xtrade does not charge any registration fee.
No. You may open only one trading account.
You need to invest wisely. Trading in FX and cfds involves risks of loss, especially due to the leveraged nature of the trading. Please click here to read our full risk warning. The information contained in this website and disclosure documents is of a general nature only, and does not take into account your personal circumstances, financial situation or needs. You should consider our client agreement carefully, and seek independent advice before deciding whether trading in such products is suitable for you.
If you have already opened a trading account, submitted your identification documents for account validation and made a deposit; you are ready to start trading.
Yes. Our education center and xtrade academy offer tutorial videos, e-books and other resources suitable for both beginning and professional traders.
As a regulated company — subject to numerous laws, compliance requirements and client acceptance procedures — we are required to have on file KYC (know your client) information. We make every effort to protect the confidentiality, security and integrity of your identity data.
Please use only letters and numbers. Avoid using any symbols while filling it in.
Accounts with zero balance will not be closed unless the client so requests.
Yes. The interests of our clients is our primary objective and that is why with xtrade your balance will not go into negative. Negative balance protection will prevent a trader from entering into debt. Unfortunately, not every retail forex broker offers negative balance protection. For the inexperienced trader, the lack of margin call can mean the difference between losing only your investment and going into debt. This is a subtle, yet crucial difference. In forex trading, you may be able to tolerate losing money you can afford to lose (after all, there’s no such thing as a perfect trader who wins all the time). However, going into debt is never acceptable, regardless of how much experience you have.
Please click "forgot password" underneath the log in box and your password will be sent to your email address.
In order to change your password, please log in to your xtrade account; then click account options > change password
We do not offer account management services. You are a sole owner of the account and ultimate decision maker.
Our user-friendly web platform requires no downloading.
Unfortunately, at present, we do not offer the MT4 platform.
A demo account is activated as soon as you open a trading account. *subject to minimum deposit
Within the my account section, switch between real and demo modes by toggling the "switch" button.
While all features and functions of the real platform are available in the demo platform, users should keep in mind that simulation cannot replicate real trading market conditions. One important distinction is that the volume executed through the simulation does not affect the market; while in real trading, volumes do affect the market, especially when the position size is large.
Your demo account will be funded automatically 7 days after registration.
Xtrade demo accounts do not expire.
Legal
As per CFTC (commodity futures trading commission) in USA; OSC (ontario securities commission) and BCSC (british columbia securities commission) in canada regulations, we are not allowing those countries' residents to open trading accounts with us. We apologize for any inconvenience.
Segregated client accounts are established to ensure strict control and separation of client assets from other assets of the company. The client funds are safeguarded by reputable EU credit institutions.
Bonuses
Xtrade offers two types of bonuses: credit and cash.
Cash bonus is added to your account's equity once the bonus terms are met. The bonus sum can be used for trade; however withdrawal of the bonus sum is dependent on completion of the required xpoints release sum through trading volume.
Credit bonus is assigned to the account, but the sum will be added to the equity only upon reaching the full "release" xpoints sum through trading volume. Once credit bonus is "released", it turns into cash money that can be used for trade or withdrawal.
Please click here in order to see our latest promotions.
Please contact our customer support via live chat, email or call in order to credit you with it.
Your weighted trading volume activity expressed in points.
For example: if you open a position on EUR/USD worth $100,000, you will receive 100 xpoints upon closing, since each $1,000 trading amount is worth 1 xpoint.
You received instead a cash bonus and it was credited prior to completing a required amount of xpoints.
You verified your account before your first deposit. You will receive an account verification bonus the moment you fund your account.
Account verification
As a regulated company, we operate in accordance with several anti-money laundering and identity theft laws as well as a number of compliance related procedures imposed by our regulatory authority.
You can upload your documents through your account:
account options > account verification or send them by email to documents@xtrade.Com
In regards to our KYC (know your client) procedures, you are required to provide a colour copy of a valid identity document and a recent proof of address (electricity, gas, water, phone, oil, internet and/or cable TV contract, bank account statement), which states your name, address and a recent (within 3 months) date.
Yes. A valid ID card or driver's license are also acceptable.
You will receive an automated email confirming your account status as soon your account is fully verified.
If you wish to update your email address, phone number or your residential address, please send your request to documents@xtrade.Com along with any requisite supporting document.
Deposits
250 USD, however xtrade occasionally runs promotions offering lower deposit threshold minimums.
Yes, we do offer up to 100% bonus on your deposit (*subject to bonus T&C apply). For more information please contact our professional staff, via live chat or email.
No, you cannot lose more than your initial deposit.
Credit/debit cards, bank transfers, american express, and many more options. For more detailed information please click here.
Xtrade does not charge any fees for deposits.
We would highly recommend that you check with your bank whether there is a block on international or online transactions. Or maybe the deposit sum is greater than your credit/debit card daily limit.
No. We do not accept any payments made from the account of third parties. All deposits must be made from your own account.
Trading information
The market trading hours are from sunday 21:00 GMT till friday 21:00 GMT during the day light saving times. During winter time trading hours are from sunday 22:00 GMT till friday 22:00 GMT. However, some of instruments are available only during specific hours. For trading hours of each instrument please click here.
The xtrade platform is closed over the weekend because all the underlying financial instrument markets are closed.
Please go through our education center and please note that you are recommended to not trade until you are completely comfortable with our platform. Then you can simply log in to your account and start trading.
Trading in FX and cfds involves risks of loss, especially due to the leveraged nature of the trading. Please click here to read our full risk warning. The information contained in this website and disclosure documents is of a general nature only, and does not take into account your personal circumstances, financial situation or needs. You should consider our client agreement carefully, and seek independent advice before deciding whether trading in such products is suitable for you.
You will need a computer or a mobile device (supporting ios, android or windows software) with a high-speed internet connection and a funded trading account. We highly recommend you go through our education center prior to your first trade.
Leverage allows a large trade position to be initiated with a small margin deposit. The amount of leverage available to a trader varies, with magnification of up to 400:1
for example 100:1, meaning that currency trades worth $100,000 can be made with a margin deposit of $1,000. Leverage allows the use of credit to trade amounts larger than your deposit.
Remember, the higher the leverage the higher the risk of losing your deposited capital. Leverage can work both for you as well as against you.
While leverage enables you to control a large amount of capital with a small deposit margin, it can also expose you to outsized negative price movement.
You cannot change the default leverage ratio.
A pip is the smallest unit of change in a financial instrument's price ratio (rate of a currency pair).
The spread is the difference between bid and ask prices.
Long position - when the client is buying the asset and a short position when the client is selling the asset.
Amount of base currency * pips = value in quote currency
value of 1 pip in EUR/USD= 1 lot (100 000 €)*0.0001= 10 USD
value of 1 pip in USD/CHF= 1 lot (100 000$)*0.0001=10 CHF
value of 1 pip in EUR/JPY=1 lot (100 000 €)*0.01= 1000 JPY
Slippage may occur during periods of high market volatility, usually caused by important economic news. It results in your position being executed at a different rate than that you specified; closed at the next available price.
The best way to manage your risk during volatile markets is to ensure your account is sufficiently margined at all times. Several precautionary measures are recommended:
✔ monitor the status of your open positions.
✔ specify a stop-loss to limit downside risk.
✔ keep your account funded in excess of your required margin.
Limit orders are take-profit orders to buy or sell a set amount of a financial instrument at a specified price or better.
Please log in to your trading account, then click account options > funds management > monetary history or activity report
Stop losses and take profits are both orders, which are placed in the market to close an open position. "stop loss" is to prevent further adverse price movement and “take profit” is to gain from advantageous price movement.
Xtrade will inform premium clients in case of margin calls. Your margin is monitored in real time, providing you with the benefit of knowing where you stand at all times. Margin calls can cause a closure of your opened positions in case your available margin deposit drops below margin requirements for that particular instrument.
Some instruments are traded based on underlying futures contracts. Those instruments have a specific expiry date at which all the open deals/limit orders are closed.
For those instruments which have expiration dates, you can simply click the details tab associated with the instrument.
A trend is the general direction of a market or of the price of an asset, and trends can vary in length from short to intermediate, to long term.
In technical analysis, support and resistance are concepts that the movement of a security price will tend to stop and reverse at predetermined price levels.
Available balance: amount available to be used as initial margin.
(equity) – (used margin)
equity: deposits - withdrawals+ bonus + closed P&L + open P&L
To keep your new position open, the equity in your account must exceed the total maintenance margin level. The maintenance margin level requirements are specific to each financial instrument. Xtrade always displays the maintenance margin level for each individual instrument.
Total profit & loss denominated in account's base currency.
Click on account options > funds management > monetary report
It indicates the highest bid and lowest ask reached during the present trading day.
Trades can only be initiated if there is sufficient equity funded and during hours in which the underlying financial instrument is also traded on a public exchange.
Click the instrument "details".
Please contact our customer support for direct assistance.
Click the instrument's star icon.
Fees & commissions
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.
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.
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.
An inactive account fee of $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.
Xtrade does not charge any fees for deposits/withdrawal processing. However banks and/or intermediaries banks, processor's fees may apply. We do not accept any responsibility for such fees.
Withdrawals
Click account options > funds management > withdrawal requests and then you will see a new pop up window with full details of your withdrawals.
You can cancel your request at any time while its status is "pending"
If you have opened positions, you will not be able to withdraw your entire available balance. A minimum amount is needed to maintain a maintenance margin.
(available balance – maintenance margin) and margin > = 1% = max withdrawal amount
Withdrawal requests take up to five business days to process. Delays beyond our control might occur due to third party withdrawal payment methods (i.E. Credit card company, the wiring bank or intermediary banks which delay transfers, in extreme cases, of up to 3 weeks).
Your withdrawal is 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. Other deposits made by e-wallet will be returned as a bank transfer or by the skrill/ netteler e-wallet.
Simply follow the withdrawal procedure and the funds will be returned based on the method that the deposit was made.
Please log in to your account, click account options > funds management > withdrawal requests > please click on details next to pending withdrawal request.
Please sign the form with a pen, as virtual signatures cannot be accepted.
Please be sure to send us a full form, and not just parts of it. We need the original form completed in full, showing our company logo.
Make sure that the date on your withdrawal form is the same date as when you make the request.
Usually it takes up to 10 business days if the refund is made through bank transfer or credit/debit card. E-wallets payments appear in your account the same moment your withdrawal was approved.
Account deactivation
Please contact our customer support to assist you.
Xtrade review 2021
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.
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.
Xtrade review & demo
By auto-ping june 20, 2016 2:21 pm 24,998 views
Background
Xtrade is a successful online trading company, offering cfds trading, currency trading as well as indices, commodities and shares trading. The company was established in 2003 and has already gained a reputation of a safe and stable company on the international market.
Xtrade offers more than a hundred trading assets, including shares trading (google, apple, facebook, amazon), commodities trading (gold, silver, corn, oil), indices trading (USA 30, canada 60, US-TECH 100), forex trading (EUR/USD, GBP/USD, AUD/JPY) and many other assets.
Xtrade education
Xtrade presents a wide range of educational materials for new traders as well as experienced traders. All traders can benefit from the company’s learning center, which provides a full educational package for new traders. The learning center offers video lessons with expert traders, training sessions with a personal account manager and also a free trading guide. With the help of these educational materials traders can build their own unique trading strategy and choose their preferable assets.
Xtrade.Com mobile trading
Xtrade offers an advanced application for mobile trading, customized for the traders who wish to trade online from their mobile while they are away from home. Mobile trading is very popular nowadays, since more and more people prefer to use their mobile phones instead of pcs. Xtrade’s mobile platform is a definite advantage for traders.
Xtrade demo account
In addition to other educational materials, xtrade also provides users a demo account, which enables virtual trading with a virtual sum of money. The demo account provides traders an opportunity to practice safe trading until they feel confident enough to start trading in a real environment. The demo account allows traders to test their trading skills in a risk-free environment, which is especially important for beginner traders, who don’t have trading experience.
Special bonuses – xtrade
Xtrade offers many promotions and special bonuses for new traders. For example, the phone verification bonus offers a free $20 cash bonus. The bonus is available once per phone number. It is generated and assigned to each user after entering a code received by SMS. The company also offers an account verification bonus with a $30 cash bonus. Xtrade’s welcome package for new traders includes a special FTD bonus, which can reach up to 60% of the client’s initial deposit.
Xtrade promotions
All new clients can receive a special promotion, which fully covers their first deal. If the client doesn’t make profit on his first deal, xtrade will refund his loss. This promotion is especially attractive for new clients with little or no experience in trading. Risk-free trading promotions are a useful tool for clients who just start trading live.
Xtrade review
The xtrade trading platform user experience includes an award-winning interface
The xtrade platform offers a variety of feature-rich tools and training to enable traders to maximize their opportunities. Traders can profit from a wealth of expert tips and guidance in self-paced online modules, video tutorials and additional media, in the form of E-books and CFD trading guides.
Xtrade also offers mobile versions with award-winning features. Use the markettrends drilldown to get an easy technical indicator for when to buy and sell an instrument — and one-click follow-through:
packaged tools also help focus traders on profits, like the trading central analysis tool, with its london and NY market-opening technical trading recommendations including broker ratings and top performers. Autochartist alerts grant access to an integrated chartist approach, featuring technical recommendations and trading opportunities.
Xtrade demo account
Xtrade facilitates and encourages traders to utilize a demo account. While fast moving real-world conditions cannot be truly recreated with practice conditions, simulated markets offer the best overall training for actual trading risk. Opening positions during real market conditions allows would-be traders to experience the full demands of having positions exposed to risk.
Xtrade welcome bonuses
The xtrade special four-bonus welcome package can be easily applied. First up is the $20 cash phone verification bonus. Next is the $30 cash bonus for account verification. A third bonus awaits you with your first deposit, of up to $6,000. With the bonus amount determined by your deposit amount.
And finally, enjoy the assurance of a protected first-trade-on-us bonus. Make a trade, make a profit and it's yours. If otherwise, we will refund you for up to $120 cash bonus.
Xtrade deposit 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. Xtrade provides secure and safe banking options from a carefully selected network of trusted e-commerce associates and leading financial institutions worldwide. This gives xtrade the ability to provide clients with the most popular online payment methods.
Go to xtrade sign up page
Go to xtrade sign up page
Xtrade is managed by experienced and seasoned capital market professionals, with extensive involvement in the brokerage industry. From this commercial and individual experience has come the appreciation that winning CFD activity is based on superior service to customers, innovation and fast reliable order execution.
The xtrade group is centred in limassol, cyprus and is accredited to offer contracts for difference (CFD) as a licensed investment firm by a number of international regulators, including cysec, the cyprus securities and exchange commission, which operates under mifid, the markets in financial instruments directive.
The xtrade platform offers a variety of feature-rich tools and training to enable traders to maximize their opportunities.
The xtrade special four-bonus welcome package can be easily applied. First up is the $20 cash phone verification bonus. Next is the $30 cash bonus for account verification. A third bonus awaits you with your first deposit, of up to $6,000. With the bonus amount determined by your deposit amount. Select from a variety of payment methods. Fill in your payment details and tap deposit.
And finally, enjoy the assurance of a protected first-trade-on-us bonus. Make a trade, make a profit and it's yours. If otherwise, we will refund you for up to $120 cash bonus.
For additional terms, check out our promotions page.
Now you can start trading online cfds with confidence and benefits.
Offers offer the xtrade prepaid mastercard® card, a prepaid card that can be used anywhere around the globe, supporting seamless integration with your xtrade account. For more details contact support. In seven languages.
In addition to all major credit cards and regional payment solutions, xtrade accepts the world’s two largest payment mechanisms: paypal and wechat. Paypal is offered to the EU community, through the company’s brokerage cashier system. Paypal is a global leader in online and mobile payment solutions, with award-winning online security and anti-fraud technology. Chinese wechatters can now fund their xtrade official account directly from within the world's largest standalone messaging app through wechat pay, just as with all their other payment options.
Is operated by xtrade europe ltd (ex. XFR financial ltd.) which is regulated and licensed by cysec under the license no.108|10 to offer financial services throughout the EU. The company is a licensed investment firm compliant with the markets in financial instruments directive (mifid).
Xtrade has a branch in italy which is registered by CONSOB (commissione nazionale per le societa' e la borsa) reg. N. 0096369/13 dated 13/12/2013, inscription n. 00012, authorised according to law D.LGS. N. 58/98.
As per mifid requirements and the legal framework in cyprus, xtrade has adopted appropriate policies and procedures outlined in the following documents:
Xtrade legal documents include:
Terms and conditions
our relationship with you is governed by our product disclosure statement and customer agreement.
Privacy policy
this document is designed to assist clients in deciding whether to use any of the services offered.
Anti-money laundering
this document provides our clients with information on the laws and regulations designed to stop money laundering.
Order execution policy
this document is designed to assist clients in deciding whether to use any of the services offered.
Conflict of interest policy
access to our website is conditional and based on our terms and conditions.
Risk warning
before you apply to begin trading with us, you must carefully consider whether using cfds is appropriate for you in the light of your circumstances and financial position.
Pillar III
this document provides our clients with information on xtrade's capital adequacy, through disclosure of details on the scope of application, capital, risk exposures, risk assessment processes, and the capital adequacy of the institution.
Complaint resolution process
this document provides our clients with information on the company policy and procedures with respect to client complaints or grievances.
Bonuses & promotions
this document provides our clients with details of xtrade's various periodic and incidental bonuses and promotional efforts, including eligibility and restrictions.
X_trader
With x_trader®, simultaneously trade multiple markets from one fully-customizable screen with advanced speed, stability and accuracy
X_trader futures trading platform
X_trader demo
Platform overview
With x_trader®, simultaneously trade multiple markets from one fully-customizable screen with advanced speed, stability and accuracy. Single-click order execution and the patented MD trader® ladder coupled with tools for automated trading, charting and more give traders the edge on trading performance. There are two versions of the platform available: x_trader and x_trader pro®.
Please note, x_trader is for professional traders onl and not for the casual trader. For questions, please contact cannon trading for more information.
The trading results on the demo accounts do not include commissions, exchange fees and N.F.A fees that you are going to get charged on your real account. You should also consider that certain fills you would get on a "demo" account might not reflect the same result on a live market action. Demo accounts use hypothetical money and don’t have the emotional impacts of real money. This demo is designed as an introduction to using the platform; it is not intended to mimic trading results in a live trading environment.
Frequently asked questions
Support
Platform highlights
supported instruments | supported exchanges | routing infrastructure | |||||||||
futures | options on futures | stocks | options on stocks | multiple exchanges available | trading technologies | ||||||
CME, CBOT, ICE, NYMEX, COMEX | trading technologies infrastruture | ||||||||||
basic features | |||||||||||
route orders to pit | routes orders electronically | intraday charting | historical charting | streaming real time quotes | market depth window | trading hours 1 | simulated trading | audible alerts | export to excel | ||
24/7 | demo only | ||||||||||
advanced features | |||||||||||
algorithmic trading | trailing stops 2 | bracket orders | single click trading | trade from chart | |||||||
order types | |||||||||||
market | limit | stop 2 | stop limit 2 | stop with limit 2 | order cancel order | spreads | |||||
platform pricing | demo features | ||||||||||
monthly fee | transaction fees 3 | demo available 4 | paper trading 5 | real-time data | |||||||
starting at $775 | included in monthly fee |
1 access 1 x_study charting data has a start date of 1/22/12. Data prior to this date is not currently available.
2 access to markets may be limited by exchange and/or platform server maintenance.
3 the use of stop loss or contingent orders may not protect profits, and may not limit losses to the amount intended. Certain market conditions make it difficult or impossible to execute such orders.
4 A 30 day demo is available.
Trading futures and options involves substantial risk of loss and is not suitable for all investors.
There are unique risks associated with utilizing internet-based order execution trading systems including, but not limited to, the failure of hardware, software and internet connection. Vision does not control signal power, its reception or routing via internet, configuration of your equipment or reliability of its connection. Vision is not responsible for communication failures, distortions or delays when trading via the internet.
Trading technologies®, x_trader®, x_trader pro®, MD trader®, autospreader®, and X_STUDY® are registered trademarks and the trading technologies logo, TT™, autotrader™ are trademarks of trading technologies international, inc.
So, let's see, what we have: 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 at xtrade demo
Contents of the article
- My list of forex bonuses
- Xtrade review
- Regulation: is xtrade a scam?
- Demo account
- Commissions
- Terms
- Reviews
- Rating and additional information
- Xtrade demo
- Xtrade demo
- Your trading options are
- Key to success
- About trading
- Xtrade demo
- Xtrade demo
- Opening an account
- Legal
- Bonuses
- Account verification
- Deposits
- Trading information
- Fees & commissions
- Withdrawals
- Account deactivation
- Xtrade review 2021
- Xtrade rating
- Pros / cons
- What is xtrade?
- Regulation & trust
- Trading platforms & tools
- Instruments
- Trading conditions
- What are the xtrade spreads?
- What are their fees and commissions?
- What is their max leverage with icmarkets?
- Research & education
- Type of accounts
- Client support
- Conclusion
- Xtrade review & demo
- Background
- Xtrade education
- Xtrade.Com mobile trading
- Xtrade demo account
- Special bonuses – xtrade
- Xtrade promotions
- Xtrade review
- The xtrade trading platform user experience...
- Xtrade demo account
- Xtrade welcome bonuses
- Xtrade deposit options
- Go to xtrade sign up page
- Go to xtrade sign up page
- X_trader
- X_trader futures trading platform
- X_trader demo
- Frequently asked questions
- Support
Contents of the article
- My list of forex bonuses
- Xtrade review
- Regulation: is xtrade a scam?
- Demo account
- Commissions
- Terms
- Reviews
- Rating and additional information
- Xtrade demo
- Xtrade demo
- Your trading options are
- Key to success
- About trading
- Xtrade demo
- Xtrade demo
- Opening an account
- Legal
- Bonuses
- Account verification
- Deposits
- Trading information
- Fees & commissions
- Withdrawals
- Account deactivation
- Xtrade review 2021
- Xtrade rating
- Pros / cons
- What is xtrade?
- Regulation & trust
- Trading platforms & tools
- Instruments
- Trading conditions
- What are the xtrade spreads?
- What are their fees and commissions?
- What is their max leverage with icmarkets?
- Research & education
- Type of accounts
- Client support
- Conclusion
- Xtrade review & demo
- Background
- Xtrade education
- Xtrade.Com mobile trading
- Xtrade demo account
- Special bonuses – xtrade
- Xtrade promotions
- Xtrade review
- The xtrade trading platform user experience...
- Xtrade demo account
- Xtrade welcome bonuses
- Xtrade deposit options
- Go to xtrade sign up page
- Go to xtrade sign up page
- X_trader
- X_trader futures trading platform
- X_trader demo
- Frequently asked questions
- Support
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