If you’re the kind of trader who prefers to trade on the move then XTrade won’t disappoint. As well as a selection of trading platforms there are also a number of interesting tools to aid in the trading experience such as technical indicators, news stream services and an economic calendar. There are a number of educational resources available to bring even the most inexperienced Forex trader up to speed with the way to trade successfully. The Xtrade Mobile Trading App is an intuitive multi-asset trading app that is compatible with iOS and Android devices. The Mobile Trading App includes full-featured functionality, real-time charting with all the leading technical indicators and extensive trading tools.
Account Types
Traders can enjoy alerts, notifications, friendly one-click navigation and professional charting tools at their fingertips. The Mobile Trading App also allows traders to deposit and withdraw funds, view their account history, and access customer support. Xtrade offers xtrade review a variety of educational resources to help traders improve their trading skills and knowledge, including webinars, trading courses, and market analysis. In addition, the company provides 24/5 customer support via phone, email, and live chat, in multiple languages.
XTrade WebTrader Platform
All fees are charged as spreads, which happen to be fixed and range between 2-5 pips. We accessed its website during the weekend, and 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 from 9 p.m. Culy, They offer mobile trading applications for Android, iOS devices, and Windows phones. I am already an old trader in xtrade and I have seen a lot of changes since my first account entry.
Trading Platforms at Xtrade
Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker. Xtrade has offices in over 15 locations and the website is presented in over 30 languages.
I don’t understand some feature, although I don’t need everything it offers. As of now, I can say that I’m already benefitting from government bonds. I read a corresponding article on their site and found it very interesting and started to trade these assets. Yes, XTrade offers a demo account with all the capabilities and options available with a real money account. 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. 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.
While conducting our evaluations of online forex brokers, we’ve collected over 360 data points that track the research-specific features that are most important to traders and investors. Xtrade offers 3 of those 5 features, whereas the average forex broker offers 3 of those features. Xtrade received an overall rating of 7/10 in the research category, contributing to its overall category ranking of #52 out of the 62 brokers in the BrokerNotes database. Looking at our database, the average forex broker offers 6 of the 11 features variables we track in the commissions & fees category, and has average spreads of 1.04 when trading the EUR/USD.
The XTrade minimum deposit is $250, yet you should calculate and cover necessary expenses since the variety of trading instruments offers different margins and spreads. E.g. to open a new position at equity, the account must exceed the trade’s initial margin level requirement. Also, Xtrade occasionally runs promotions offering lower deposit threshold minimums. Additional costs like non-trading fees, funding fees, and inactivity fees are ranked below. I know that some traders use only technical analysis in their trading.I don’t think that’s right.It is necessary to take into account global economic events. They can affect the markets in such a way that the price does not move according to technical analysis.I am writing this because the broker provides a lot of useful analytics.
- Additionally, the maximum leverage offered by Xtrade is very low making it hard to trade with a low budget.
- The minimum deposit required to open an account is $250 while the minimum position size is 0.01 lots.
- I reckon this company isn’t a renowned broker but this fact doesn’t make it worse compared to others.
- A vital part of any trader’s experience, a broker’s trading platform can make or break any trading experience.
- I wanted to start into trading, and I don´t know where and why I came into this BOGUS broker really, I don´t know.
This facility enables traders to get a larger exposure to the market than the amount they deposited to open a trade. Depending on the account type, Xtrade supports both fixed and variable spreads. And when it comes to verifying your account there are awards there too with a $20 cash bonus for phone verification, and up to $120 cash bonus upon account verification. The Xtrade bonus for new investors is pretty unique though it is not valid for EU traders and T&C apply. For those making smaller deposits the bonus level is 20%, but it climbs up to 60% if a deposit of more than $5,000 can be made.
It is actual stock market indexes that measure the value of a specific section of a stock market. The platform is available in multiple languages, including English, German, Danish, Spanish, Portuguese, Italian, Russian, Norse, Romanian, Indonesian, French, Chinese, Dutch, and many more. Spreads and leverage are published on the website for every asset choice.
The broker also provides a fast and straightforward account opening process with no minimum deposit requirements. However, Xtrade’s trading fees, especially its spreads, are relatively high compared to its competitors. Additionally, the maximum leverage offered by Xtrade is very low making it hard to trade with a low budget. In summary, Xtrade may be a reliable broker for traders looking for a place to trade a diverse range of assets, including bonds and ETFs, and comes with low deposit requirements. However, traders should be cautious of the high trading fees and limited leverage. It’s always good news to discover there is a demo account, especially for those who are new to Forex trading.
Immediate Xtrade portrays itself as a top-of-the-line crypto trading tool capable of generating gains consistently. While it has highlighted that crypto trading is risky, there are only a few reviews online backing the platform’s claims. Per the site’s content, the team came up with this platform to provide a better trading solution to investors. However, there is nothing said on the platform about this team. No names have been given either on the website or in any of the third-party reviews. These features also include leveraged trading reportedly, which will allow investors to generate gains from borrowed funds.
We aim to help you find the best broker according to your own needs. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. I like the fact that they provide a lot of ways to make deposits and withdrawals. I didn’t have any problems with transferring money but transactions are kind of slow for me. This average customer rating is based on 4 XTrade customer reviews submitted by our visitors. Compare the markets and instruments offered by XTrade and its competitors.
Xtrade also offers educational resources, market analysis, and customer support to help traders succeed in the markets. Xtrade offers its clients a proprietary trading platform that is designed to be user-friendly and innovative. The Xtrade platform allows traders to access a wide range of markets and instruments, such as forex, commodities, indices, stocks, and cryptocurrencies.
Well, three months are enough to understand that I’m dealing with a genuine company.Despite the reliability is crucial in trading, it’s not the only factor that determines my choice in favor of this or that broker. I’m also concerned about the technical side of trading, in particular, execution. For me it’s important to exit and enter the market with no freeze, whenever I want this. Fortunately, the broker ensures it so https://traderoom.info/ it can trade intraday conveniently. 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. Based on our research the broker doesn’t charge any deposit/withdrawal fees, however, it charges an Inactive Account Fee of up to $50 USD per month is assessed to Xtrade accounts that are inactive.
Per the website, users won’t be beholden to a single form of trading. Additional facilities include accurate signals for smart trading as well as “focused online protection”. Immediate Xtrade says that the latter is present thanks to a robust encryption technology in place.