Video tutorials for new traders are also fascinating, you can choose either beginner course, terms ebooks or maybe various trading tools. Advanced technical analysis ebook was the thing I added to wishlist. I really want to get acquainted with TA in advanced level. Wanted to trade crypto here too, but changed my mind and decided to ETFs trading.

Trading with Xtrade comes with numerous advantages. These advantages are what sets Xtrade ahead of all other online brokers. You need to check all the benefits listed so you have a better understanding of Xtrade. Xtrade is a reputable broker that was founded in 2003. They have around 260 employees that help the company offer Financial Markets Access, to 10,000+ clients through .

Xtrade is regulated by the CySEC , the IFSC , the FSB , and the ASIC , which covers most parts of Europe, Africa, and Asia-Pacific. CySEC regulation enables the broker to enjoy uninterrupted access to the entire European markets through the EEA initiative. Unfortunately, a lack of CFTC and NFA regulation prevents Xtrade from entertaining traders from the US, therefore, US traders cannot trade with XTrade.

As a result, you are charged more for non-trading actions in your trading accounts, like deposits and withdrawal. These are not related to the sale and purchase of assets. Apart from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake on your account.

XTRADE Best Countries by Traders

Broker’s support team and company itself as well works nice. In my opinion, this broker provides high-quality service. I will tell you a bit about one function of platform. I think not many people use it, but it is crucial.

Secondly, I appreciate the broker’s trading platform, Webtrader. It is significant for me that my broker provides accurate market analysis. This broker provides information on major economic events and economic news. I ensured xtrade team evaluate market situation professionaly and give high-quality analytics. In my opinion such information is part of broker’s reputation so I am sure about its quality.

Compare Brokers Similar To Xtrade

So, settle in, grab a cup of coffee, and immerse yourself in learning about Xtrade and how it can benefit you, or if Xtrade might not be the right fit for you. Stay up to date with the financial markets everywhere you go. Online CFD Trading with Xtrade – Trade the markets anytime & anywhere. As for the banking options, you can open and fund your account using the following currency payments CAD, EUR, JPY, CHF, and USD. Payments are accepted via Skrill, credit cards, UnionPay, WebMoney and others.

These products are not suitable for all clients, therefore please ensure you fully understand the risks and seek independent advice. With over 15 years of activity in the financial markets, XTB Group has gained over 495,000 customers. You don’t even have to trade there to understand the value of the broker, but when you do, you see things way more clearly. There’s opportunities everywhere on the market, and this broker gives you just what you need to take advantage from them. In terms of safety and security, you’ve got nothing to worry about there.

All personal, financial and trading session data is securely encrypted using the latest 256-bit SSL technology. There is only a single type of trading account at Xtrade that starts with a $100 minimum deposit and a huge range of attractive Xtrade bonuses for deposits and successful account verifications. Traders are entitled to receive a maximum of $6,000 as a first deposit Xtrade bonus, while phone verification and account verification qualifies for $20 and $30 cash bonuses respectively.

Trading Platforms

The broker offers solid amount of cryptocurrencies for trading. There are such cryptos as bitcoin, bitcoin cash, litecoin, dash, ethereum, ripple and many other interesting assets. The broker’s custom platform is not so good, compared to MTs, but it’s acceptable. It’s not the only broker that offers such assets but it’s the first broker that drew my attention to this.

• A friend of mine try it once, so it will help you.
• The last worth mentioning in this Xtrade review is their bonus offer.
• It does, however, charge an inactivity fee of $ 50 per month should the trading account become dormant after there has been a lack of activity for three consecutive months.

Xtrade does not charge deposit or withdrawal fees, but third-party costs may apply. Withdrawal processing times, per the FAQ section, can take up to ten business days. You can’t write a brokerage review if you haven’t tried its live trading account personally. Moreover, when I say ‘tried’ I really mean that you not only have funded your live acocunt, but tried trading on it in various styles, using different assets, at different market conditions, etc. Sure enough trying to withdraw the profits should also be the part of this experience. In my opinion, the structure of the XTrade bonus program is awesome.

Ask to get answers from the Xtrade staff and other customers. I don’t see anything preventing you as a beginner from trading government bonds. So, to make a trading decision on them you need to analyze their chart. I come here to trading and invest without being to much picky and expecting a lots of thing. I am surprised to see that everythings work much decently. Xtrade has decided to show some fresh ideas and devise a whole educational centre, which allows those who haven’t traded before to get used to it.

Xtrade Trading Platforms

Overall, Xtrade maintains an unacceptable pricing environment. One should know that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The licensing of Xtrade is Xtrade Europe limited which is authorized by a registration number. The international proposal was well performed through the channels of an established entity in Belize. It allows international traders the assistance to open the accounts and get a higher level of leverage or other conditions. All content on comparebrokers.org is intended for educational purposes only and should never be considered financial advice. We do not recommend or advise that investors buy or sell through any financial instrument like commodities, securities or stocks.

xtrade review can also qualify for a cash-back bonus depending on how many mileage points they have earned from your trading volume. VIP clients are valued by Xtrade and are offered several incentives. The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other.

By the way, XTrade has an excellent mobile application. So everybody who is just recently interested in Forex – come here. Xtrade is a professional in this business, it can be seen by the reviews. It’s cool that Xtrade gives opportunities to try different approaches, thus increasing the likelihood that one will learn, stay and work more steadily in the market. All web platforms have one advantage – you don’t need to install them. But, anyway, the Xtrade platform is pretty quick, and I bet if you want to trade on the demo, you will be glad, as everything is smooth.

What trading platforms does Xtrade offer?

Our entire Xtrade review for beginners covers all you will need to know about trading via Xtrade. A fantastic broker can take your first investments and help to protect it from losses but also give you a platform that can help to provide you profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investing goals. If you’re new to the world of online trading and brokerages, so many details will no doubt be perplexing for you. Getting into the area of online trading requires expert assessing skills and thorough understanding.

You simply need to finish a single-user profile questionnaire to begin depositing money into your trading account. You will have to provide an identity proof and evidence of residency to deposit substantial amounts. In addition, the withdrawn money will be transferred directly to the accounts you use to make deposits. Many unethical brokers attempt to pressurise customers into larger financing for superior services. Xtrade, on the other hand, is much more focused on trading volume. Traders can expect trading conditions to be fair, honest and transparent.

Good, solid broker (I forgot to say they pay my salary)

Xtrade offers 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. Our review of Xtrade discovered that the minimum deposit amount is just $100.

The seller asks to be paid via international money orders, checks, direct bank wires or cryptocurrency and will not accept any other form of secure payment. Additional costs like non-trading fees, funding fees, and inactivity fees are also charged. The account opening is quick and there is a selection from a wide array of forex and CFD instruments.

• Neither does the broker charge commissions on trades.
• To switch to demo mode, you need to press special button on platform.
• The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users.
• The account also allows pending orders and automated trading.
• The platform is reputable and internationally acclaimed.

https://forexhero.info/ were capable of resolving our customers’ problems. This Xtrade review breaks down each of the relevant non-trading charges for you in detail. In the following table we take the main parts of any good brokerage and compare Xtrade against freetrade, and easyMarkets.

Trading in demo mode does not differ from real mode. All charts and instruments function the same way as in real mode. Demo account is deposited automatically within 7 days after registration of main account. I think it’s more convenient, because I don’t leave home without my smartphone, and my laptop isn’t always convenient to take with. I knew straight away that I was going to use a mobile app.

However, be cautious of fraudulent and untrustworthy brokers hiding in the shadows, ready to exploit naive traders. Xtrade also provides a dedicated account manager for each trading account, which is supplemented by a responsive 24 hours live chat support. Client deposits remain segregated, but Xtrade does not list the banking institutions. It notes an investor compensation fund without providing details.

The platform has established a solid reputation over the years and offers top-notch options and possibilities to its clients involved in the Forex market. When it comes to withdrawals, it is good to know that these are very fast with Xtrade, provided you’ve delivered all the necessary documents and fully verified your account. Most banking methods used for deposits also work for withdrawals. Risk Warning – Trading CFDS, FX and Cryptocurrencies involves a high degree of risk. You should consider whether you can afford to take the risk of losing your money.

In addition, you get $25 in cash for phone number verification, 20% in cash for account verification, and the first trade (up to $500) is compensated at the broker’s expense. So if you’re looking for a broker with a good bonus system, this is the place to go. I was pleasantly surprised by the quantity of the asset available for trading, But not only the quantity that drew my attention, the quality also. Because I found some really rare instruments, like bonds.