Entering the most dynamic financial market might get overwhelming, but everyday innovations make it very simple and direct. Apart from the popular trading with binary options, Contracts for Differences (CFDs) is another way offering more flexibility. XTrade is an already recognized innovative international provider for CFDs offering the highest quality service of Shares, Commodities, Forex and Indices based on their world’s leading trading platform. Go through this XTrade review to find out all it can offer.
XTrade Platform
$100
ASiC, CySEC
In order to learn more, read our full XTrade review or Start with XTrade today!
XTrade Broker Review in a Nutshell
- safe and regulated trading environment (broker holds CySEC and ASIC licences)
– owned by XFR Financial Limited with it’s headquartered in Limassol, Cyprus (deposits are protected up to 20,000 Euros by the Investor Compensation Fund in Cyprus);
– capital is not exposed to the risk (as it can happen with unregulated brokers);
– ASIC is certainly a valuable asset if you are from Australia; - experienced financial market professionals offer their 24/6 help (live chat/email/phone)
– exceptional customer service + innovation + fast/reliable execution;
– professional charts, technical analysis tools, alerts, trainings;
– on the website you can find a list of international phone numbers and emails to contact; - rapid growing and global presence
– present in five continents covering 140 countries supporting 16 languages;
– XFR Financial Ltd – regulated and licensed by CySEC (under the license no.108|10). Branch in Italy – registered by CONSOB - XTrade Forex broker online platform is very flexible and offers dynamics in trading anytime and anywhere
– you can perform everything online (no software needed) and adapt your account according to your needs (possible to add extra features via contacting your trading account manager);
– no commissions charged (compensated for its services through the Bid/Ask spread);
– free demo account is given upon registration;
– more than 150 CFD asset choices (Currency pairs (51 plus BitCoin) + Stocks (74) Indices (12) + Commodities (13);
Anyone can try their luck on the Forex market as it is not centralized, and that is why choosing ‘the right’ broker is quite a long and tough process as many people and companies claim to be experts in the field. This is why XTrade reviews are quite straightforward and transparent so you can easily understand how the platform works.
It is dedicated to a constant improvement of the services with the highest level of trust allowing to trade confidently. Go further with the review to see the advantages of the trading platform.
XTrade Platform: Pros and Cons
- Trading Account:
– one account type (no additional requirements are needed to get additional options)
– no daily trading fees except of the spread
– personal account manager (you can get assistance on additional features you need to add to your trading account to increase your returns)
Cons: No possibility to open U.S or Institutional account - Spreads and Leverages:
– published on the website for every asset choice (individual criteria)
– 400:1 – currency pairs, 200:1 – commodities and indices, 20:1 – stocks (leverage group criterias) - Deposits and Withdrawals:
– XTrade Broker Forex offers 39 online payment systems which you can find on the website according to the country (i.e Visa/Mastercard, Fast Bank Transfer, eCard, Banklink, Neteller, Skrill, TrustPay, etc)
– withdrawals are done within the same payment system
– to get profit you use wire transfer (security measure)
Cons: payments should be made from the account with the same name; there is a maximum sum indicated for online payment (varies from the method you choose) - Platform itself:
– own web-based trading FX Trading Platform
– indicators are mainly for successful CFD trading
– mobile version (iOS, Android or Windows mobile)
Cons: not so many built-in indicators; no mobile alerts
- Client Support:
– live chat/email (both have 14 languages including Turkish, English, Russian and Polish)
– phone (more than 30 languages; if you are from UK or Thailand – with the dedicated number there is a 24/6 help)
Cons: no SMS support
From an XTrade review you can clearly see advantages of using it. Straightforward trading module involves buying a contract with your broker, that will analyze market moves in your favor. The profit is the difference between your opening & closing position, the units purchased, and leverage chosen. This way offers more flexibility, and this is why Forex professional brokers in this arena have chosen to add stocks, commodities, and indices to expand your opportunities and trading enjoyment.
Why XTrade
- Strong financial resources and control:
– As soon as you open an account with XTrade your funds are held on a segregated basis at Barclays Bank PLC. The company has solid relationship with international banks and financial institutions to guarantee the first class trading experience;
– continual expansion of financial services of XTrade FX Broker + multi-language support + multi-currency + multiple payment methods = unique trading experience; - Competitive pricing and trustworthy execution:
– The company has invested a lot in cutting-edge technology to minimize buy/sell spreads and automate trade execution (ensures transparent pricing); - Next generation trading platform:
– You will find all necessary tools and features to enhance your experience in order to increase your profit;
– cloud technology + backup = anytime/anywhere execution; - 24-hour support center:
– XTrade is highly committed to an outstanding and qualified customer service;
– all possible assistance on the customer’s requirements (your success → company’s success); - Unique trading tools according to XTrade Forex broker review:
– To perform smart and conscious decisions the platform offers following online features: Economic Calendar, Technical Analysis, Push notification services, Real time charts and Market Review;
As you can see XTrade provides a comprehensive trading environment. With so many ‘ingredients’ changing, customer has to stay focused and has to look into the smallest details. It is not an easy job, but with a proper knowledge, strategy, and experience, you may earn a sufficient profit on Forex market.
Trading CFDs is one of the recent methods to hit the Forex market, and with any innovation, it is necessary to be a pioneer in the industry to perform best at its craft. XTrade review shows that company has experienced management team from the brokerage field. They have a global presence with five offices, spread over five continents to benefit from a broad-based compliance. If you want to try out CFDs XTrade is a worthy choice.