There is no need to make a deposit, just a simple registration process to complete and you get given a pot of virtual trading money completely free and gratis. Once you’ve found your way around trading in the virtual world it’ll be time to sign up for a real money account. And while some may find it disappointing there is only one type of account, we found using it an enjoyable and easy experience. The minimum deposit for a live account is only $100, which is perfect for the beginner. The real money account offers variable spreads, averaging at around 0.3 to 0.6 pips. You may also be pleased to know that Xtrade is not adverse to scalping.
This company processes the withdrawal requests quickly, allowing traders to get their money within short timeframes. The customer also has the right to transfer his money on his another account opened in the company. For withdrawal you can use credit and debit cards, bank transfer, CashU, Webmoney, Yandex.Money and some other payment systems. Since the spreads are exceptionally high, it is recommended that traders avoid trading with Xtrade as many popular brokers are offering much lower spreads than 5 pips on EUR/USD. The broker is regulated, but the spreads are ruining the ability to make money when trading under these conditions.
Shane Warne Explores The Trading World On Xtrade
Professional traders usually prefer direct market access trading that gives them direct access to interbank liquidity providers, but CFD trading can be more suitable for smaller retail trader. Xtrade has an excellent regulatory status that is backed by more than six years of professional experience in the retail Forex trading industry. The broker also provides a wide variety of financial assets to help traders to create a diverse investment portfolio. Overall, Xtrade has several distinct features that will enable the company to cater its services to a large part of the retail trading market.
Is Xtrade fake or real?
Is Xtrade legit or a scam？ Xtrade is a broker that is regulated by two regulatory authorities, namely the Australian Securities and Investments Commission (ASIC) and the Financial Services Commission (FSC).
On the company’s website, it is not indicated in what currencies accounts can be funded. It would probably include the currencies of all the countries that can trade with Xtrade, such as AUD, USD, EUR, GBP, ZAR, and others. Through one Xtrade single account, you are able to trade across multiple devices that make no difference between the traders. In the beginning, the trader can always try out the risk-free environment through Demo-account opening.
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They trade in more than fifty major and minor currency pairs and close to 100 countries including the United States, UK, Spain, Italy, and France. This makes them a reliable and experienced broker that meets and cares about their client’s needs. The company has been presented in the market over 10 years, provides the safe Forex trade and CFD (learn about the opportunities of x trading CFD/Forex here), showing that the financial sphere is the company’s calling. Xtrade offers traders 56 currency pairs, 16 commodities, five bonds, and five ETFs. The bulk of assets consist of 280 equity CFDs, complemented by 13 index CFDs.
- The offer is supported with
One-click trading, Trailing stop, Pending orders. - With a minimum deposit requirement of $250, the Standard account is ideal for beginners who are new to trading or prefer to start with a smaller investment.
- Xtrade’s platform comes with support for all devices including Android and iOS.
- What is pleasing also, is that XTrade supports their traders by various means, from excellent support to 0$ fees on money transactions, as well as widely supported methods.
The WebTrader platform is accessible from any device with an internet connection, making it convenient for traders who prefer trading on the go. Xtrade provides access to its proprietary trading platform which offers limited capabilities when compared to other popular platforms like MetaTrader 4 or TradingView. The platform can be accessed via the website when using a desktop and there is no downloadable application.
Developer information for XTRADE.com
The mobile app offers full functionality, enabling traders to monitor their positions, place trades, and access real-time market information. It is designed to be user-friendly and responsive, providing a smooth and efficient trading experience even on smaller screens. We sincerely hope that this Xtrade Broker review helped you understand the https://traderoom.info/fxtm-what-a-trader-is-in-for/ professional treatment of clients under the wing of the Xtrade community. 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. From Xtrade mobile app to resourceful knowledge center and generous Xtrade bonus, you will be treated right.
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If you don’t upgrade they will give you a signal that will wipe out your account. If you get the premium they will offer you again a VIP account which is more higher deposit. They will push you to use your credit card or borrow money to get their promotion and promise you that they will cover it win or loss. After a little bit of real time experience, if you still want to stick with Xtrade there is a standard account with a minimum deposit requirement of $100.
Where is Xtrade location?
Where is XTrade 's headquarters? XTrade is located in Belize City, Belize, Belize .