Xtrade

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Xtrade Review

Around since 2010, with a solid international presence and holding valid regulatory licenses both in the EU and outside, XTrade appears as a very trustworthy choice for non-US traders and pledges to stand true to its principles for offering trading with loyalty, innovation and integrity.

The platform

As an innovative international financial services provider XTrade has developed its own proprietary trading platform that can easily claim to have set the standard for traders at every level. Xtrade caters for both traditional desktop as well as mobile trading. For the former, users can trade via the user friendly WebTrader platform which is based on the popular MetaTrader 4 and it is fully web-based, thus requiring no downloads and working well with all web browsers.

For those wishing to trade on the go, XTrade also offers three dedicated applications for trading on all smartphones and tablets, one for iPhones and iPads, one for Android devices and one for Windows phone, all of which are highly rated and popular on app stores. All platform types are easily navigated, providing easy and swift execution of trades and are packed with all sorts of useful added tools and features that make the overall trading experience much more enjoyable and potentially lucrative.

Trading instruments

Contracts for Difference (CFDs) that can be traded on the XTrade platforms span from forex pairs, to shares, indices and commodities, thus covering the entire assets spectrum and offering clients the chance to choose what best suits their own investment portfolio. In terms of forex trading, there is a very comprehensive list of all the major and minor currency pairs as well as large number of exotic combinations, while trading on virtual currencies is also available. What is best about XTrade is that here the trading is straightforward and there are no hidden charges or fees, since the broker uses fixed spreads on its Forex trades, unlike the common practice of other providers who charge a commission on each trade.

If they decide to trade stocks, XTrade customers can choose CFDs on the largest global markets, such as the USA, Germany, Spain, France and many more. When trading stocks via the XTrade platforms one can set automated limits on each trade and also use the dedicated platform tools to automatically close their positions when the set price has been reached.

When it comes to indices trading XTrade clients can choose between several stock index CFDs from around the world, such as the S&P 500, Dow Jones, NASDAQ, GER 30, and JPN 225. A leverage of 1:200 is possible and there are no commissions charged, while the constantly upgraded real time graphs of the index rates make trading these markets a breeze.

The traded commodities list is also extensive featuring Gold, Oil, Silver and more. Here again, leverage of 1:200 is provided.

Education

The professional traders behind XTrade have truly gone out of their way to provide as much education and training opportunities for their customers, whatever their trader level is. They have built a truly superb education center, which is packed with useful information, such as an extensive range of trading guides and video tutorials, which cover a vast array of topics that can be both useful and interesting to traders. Moreover, the education center provides access to and explanation for XTrade’s trading and charting tools that clients can benefit from to improve their trading and also features a useful financial calendar tracking all major upcoming market events and a newsletter that contains market news and analysis.

Deposits/Withdrawals

At XTrade customers are truly spoiled for choice regarding the deposit and withdrawal methods that are accepted, although these are also dependent on the currency of the account and the client’s country of origin. In a nutshell however, the available methods include all major debit and credit cards, bank wires as well as plethora of electronic payment methods and e-wallets such as Skrill, WebMoney, Qiwi, Sofort, UnionPay, CashU and many others, including localized options for clients in different countries. Obviously, withdrawals can be made using the same methods. Xtrade provides a safe and secure environment where all transactions are executing using encryption and other methods in order to ensure that all client data is duly protected. Depositing and requesting a withdrawal are easy and fast to do, while the customer service team is always available to offer assistance if required. When it comes to withdrawals these are processed timely and efficiently, but you must keep in mind that if you have opened positions, you will not be able to withdraw your entire Available Balance, since a minimum amount is needed to maintain a Maintenance Margin.

Customer Support

Reflecting its massive global reach the XTrade website is available in a whopping number of 38 different languages making it really convenient for customers all over the world to trade in the comfort of their one language. Similarly, customer support is also mutli-lingual and customer service offices are available for guidance and support 24 hours a day, 6 days a week. The response is always prompt, polite and efficient and the customer service team can be reached either via live chat, email, phone or fax.

 

Xtrade Details

Broker’s Name XTrade
Website www.xtrade.com
Headquartered in Limassol
Founded in 2007
Regulating Authority CySEC, FSA, ASiC, MiFID, CONSOB, FCA
US Clients Accepted
Telephone Number 357-250-22788
Fax Number 357-250-22788
E-mail Address support@xtrade.com
Type of Broker Market Maker
Commission Yes
Mini Account Yes
VIP Account Yes
Segregated Account Yes
Islamic Account (Swap Free) Yes
Demo Account Yes
Institutional Accounts Yes
Managed Accounts no
Maximum Leverage 0.319444444
Minimum Deposit $100
Deposit Options Bank Wire Transfer , Credit Card , Neosurf , Neteller , PayPal , Skrill , Webmoney
Withdrawal Options Bank Wire Transfer , Credit Card , Neosurf , Neteller , PayPal , Skrill , Webmoney
Metals Yes
Oil Yes
Gold Yes
Indices Yes
Stocks Yes
Commodities Yes
etfs no
CFDs Yes
Platform Type In House
Platform Languages English, Italian, German, Russian, French, Portuguese, Polish, Chinese, Danish, Hungarian, Multi-lingual
OS Compatibility Mac OS , iOS , Windows , Android
Streaming News Feed Yes
Trading Signals Yes
Automated Trading Yes
Trade From Charts Yes
Market Commentary Yes
E-mail Alerts Yes
Mobile Alerts Yes
Scalping no
Hedging no
Trailing Stops no
Guaranteed Stop Loss Yes
Guaranteed Limit Orders Yes
Guaranteed Fills no
Interest on Margin no
One-Click Execution Yes
OCO Orders no
Customer Support Languages English, Italian, German, Russian, French, Portuguese, Polish, Chinese, Danish, Hungarian, Multi-lingual
Customer Service Hours 24h
Place Trades Over the Phone? Yes
No Deposit Bonus Yes
Bonus for First Deposit Yes
Is the Bonus Based on the Volume of the Transaction? Yes
Other Bonuses Yes

 

Bonuses & Promotions

Special Offers

 

Exclusive offer for Ronaldo’s fans

Become an Xtrade customer, and get 77% bonuses on all deposits made during your first 7 days!!!

77% Bonuses

 

Enjoy Xtrade’s Unique Welcome Package

First Deposit Bonus (Up to $6000)

Phone Verification ($20 Cash bonus)

First Trade on us (Up to $120 Cash bonus)

Account Verification ($30 Cash bonus)

 

account types

Accounts

There are two account types available for XTrade customers:

the Standard account:

which requires a minimum deposit of $100 and the Premium account which requires a minimum deposit of $1000. Moreover, XTrade customers can benefit from the free practice account which is available for all traders and it is a very good method both for newbies who want to get the hang of trading, as well as for more seasoned traders who want to try out new strategies without putting real funds at risk.

XTrade VIP account athis will give you several additional perks, such as a personal account manager, more training sessions, discounts on spreads, dedicated promotions and bonuses, as well as valuable gifts.

XTrade also follows a very generous and rewarding bonuses policy with several exclusive offers and promotions running at any given time, as well as unique welcome pack for first time customers which includes a first deposit bonus and other cash bonuses.

 

 

 

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