Xtrade has offices in over 15 locations and the website is presented in over 30 languages. Xtrade claims to have extraordinarily fast execution speeds and also, offers trading without traders being subjected to commission fees. Trading with this platform wasn’t a tough decision as they’ve been in the industry for a while, so in terms of longevity they were good. They use a proprietary trading app and I appreciate how easy it was to register most especially the verification aspect, it gave me a strong sense of security.
Account Types and Benefits
Additionally, Xtrade has a dedicated help center with FAQs, allowing clients to find answers quickly. While overall feedback from users is generally positive, some have noted that response times can vary depending on the query and the time of day. Users should also check the availability of support in specific regions or languages. Inactivity fees are charged to Xtrade accounts that have been dormant for an extended period. Typically, accounts with no trading activity for three months incur a $50 monthly inactivity fee. Additionally, a dormant account maintenance fee of up to $100 per month is applied to accounts that remain inactive for over a year.
- We have listed the Best Forex Brokers for Commodities trading, including Crude Oil.
- The support team can help with a range of queries, from how to delete an account, utilise the platform, or navigate account verification.
- You should only engage in any such activity only if you are fully aware of the relevant risks.
- We do not provide financial advice, offer or make solicitation of any investments.
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All BrokerNotes content is researched, fact-checked, and edited by the research team. Potential traders need to do as much as possible research about speculative trading before commencing to do it and while trading. Traders can enjoy alerts, notifications, friendly one-click navigation, and professional charting tools. No download is required, and it allows easy access to the best market analyses available and speedily executes trades and orders. Likewise, if a deposit is made via bank transfer, the withdrawals will be transferred back to your bank account. Your withdrawal shall be processed via the same method that the deposit was made.
What trading platforms does Xtrade offer?
However, traders should be cautious of the high trading fees and limited leverage. XTrade provides access to a web-based trading platform and a mobile app, which allows users to trade across a variety of markets, including forex, commodities, and cryptos. The broker is regulated by two independent regulatory bodies and complies with the International Financial Services Commission. With this many security measures in place, the broker seems legit and offers more than 400 instruments in various asset classes. The broker advertises itself as a reliable with extensive experience that focuses on the safety and comfort of their clients.
Yeah lots of fixed spread accounts have…
This shift may raise concerns for traders looking for more stringent regulatory oversight. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Trading platform, most people say about the trading view, but it is much more than that… When I first came to their site, I found nothing special and was about to leave, but then I noticed an article about government bonds. It interested me and I decided to sign up is xtrade legit solely to trade government bonds.
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- Traders can diversify their portfolios and choose assets following their trading strategies and risk profile.
- We are dedicated to maintaining high editorial integrity and transparency during reviews or other posts.
- Most users rate the quality of service highly, noting the staff’s quick response, friendliness, and competence.
The economic calendar allows traders to keep track of the most critical financial events that can impact the market. It is a vital tool for planning trading operations, especially during high volatility. Xtrade processes withdrawal requests within up to 5 business days, significantly longer than other Forex brokers in the market. By following these steps, you can successfully verify your account and start trading with Xtrade, ensuring the security of your trading experience. Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). Not like I was visiting it too often, Im mostly just trading and letting the income accumulate.
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Broker Xtrade understands this need and offers an extensive learning center for its clients. The web platform provides convenient access to market analytics, allowing traders to issue orders and execute trades instantly. It is an ideal solution for those who prefer to trade directly through a browser without downloading additional software. At Xtrade, spreads are incredibly high, significantly increasing a trader’s overall expenses and reducing potential profits.
XTRADE Customer Reviews
The broker provides access to the most popular cryptocurrencies, including Bitcoin, Bitcoin Cash, Litecoin, Dash, Ethereum, Ripple, and many other digital coins. However, the availability of specific instruments may depend on your account type and the regulatory entity governing your account. Xtrade does not offer the MetaTrader 5 platform, which is widely known for its advanced features and a broader range of trading instruments. However, some users may find the lack of additional advanced tools or third-party integrations, such as MetaTrader, a limitation compared to other brokers. Overall, the platform performs well for those seeking a simple, browser-based trading solution, with a clean layout and efficient functionality.
XTrade is a leading CFD broker, and they provide a wide range of assets for investors to trade. With over 1 million app downloads on Google Play as of June 2024, you would think they are a popular broker. But after reading many of the app ratings we see that most of their clients are from India, complaining about not being able to withdraw their funds.
However, traders should be aware that higher spreads may apply, particularly on certain asset classes like forex. Additionally, XTrade charges inactivity fees for dormant accounts, and some traders have reported unexpected fees during the withdrawal process. 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.
