Whilst there are many brokers that lack innovation, Xtrade shows an absolutely new way to trade the markets. The company was founded in 2010 and it has grown tremendously since then. Is Xtrade legit? When preparing our review, we found out that Xtrade is officially regulated by CySEC, MiFID, ASIC, IFSC and FSB. In addition, the website provides a lot of open info in the “About Us” section. We have also learned that Xtrade headquarters is located in Limassol, Cyprus. Considering all this, it is possible to conclude that Xtrade can be trusted.
Xtrade Reviews: Opening an account
Xtrade preserves simplicity in terms of account options. Traders are not overloaded with multiple account packages, but instead can only choose between Real and Demo. This does not mean, however, that the VIP status is not available. Those who wish to have more personalized approach can obtain the VIP package as the part of the promotional program. Overall, the account registration is rather easy and does not take much time.
Xtrade Trading Platform
Unlike brokers that offer a slightly obsolete MT4, Xtrade has designed its own trading platform. Running the platform should not be a problem, since no software is required to be downloaded. Xtrade trading platform is purely web-based and is compatible with the majority of browsers. On top of that, Xtrade Forex broker allows all its clients to enjoy trading on the go. By using iOS, Android or Windows mobile devices, the trader can launch a full-fledged Xtrade mobile app.
Xtrade supplies the trader with over 150 tradable assets, including Forex, stocks, commodities, indices and even ETFs. The platform also allows viewing “Risers and Fallers”. This section indicates the assets which price is currently either rising or declining significantly. Additionally, one can trade with a high leverage at Xtrade. The maximum leverage for currency pairs is 1:400, 1:200 for commodities, 1:100 for indices and 1:5 for stocks. As for the spreads, they are fixed but are different depending on the asset.
Xtrade Bonus Program
Xtrade grants the clients multiple promotions to enhance the trading experience. New clients can benefit from the unique welcome package. It consists of the deposit bonus up to $6,000, $50 cash bonus for phone & account verification and also protects the first trade from losses with $120 cashback promo.
In this Xtrade review we should definitely mention the client support on the website. Xtrade support agents are ready 24/5 to help in the great variety of issues. The customer support can be reached via live chat, phone, email or phone.
Our review of Xtrade discovered that the minimum deposit amount is just $100. The broker does not charge any fees for deposits and withdrawals made on the website. Xtrade offers a lot of payment options to its clients, among which are credit and debit cards, wire transfers and e-wallets. Local transfer methods like Abaqoo, AliPay, eKonto, ePay bg, Todito Cash and Yandex Money are available as well.