Xtrade demo account

New forex bonuses

Nonetheless, once can find CFD brokers like plus500 that are far more famous and do not charge commissions . They offer a wide range of negotiable assets, including forex, shares from companies listed on stock exchanges around the world, indexes and, of course, raw materials (gold, wheat, silver, oil …). However, if you want to do so at a later time, throughout this review we will analyze the requirements that every CFD broker must have by comparing xtrade with its competitors. In addition, we will analyze the varied opinions from customers (80.5% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you can afford to take the high risk of losing your money). If regulation is most important, the second most important thing are commissions and fees. In trading with cfds, the best brokers do not charge any commission for each operation, but instead use spreads. The operation of these spreads is as follows: each time we buy or sell a CFD on a certain underlying (for example, oil, or shares of telefónica or facebook) the price of opening and closing a position is different. This differential is called the spread, and it is the existing cost to be negotiated. Therefore, we have to look for a broker whose spreads are as low as possible.

Xtrade review

Is xtrade a good broker? We believe they are just another broker. Although they have been growing in recent years due to the number of underlying assets which one can negotiate with, and the heavy investment they are doing through sponsorships such as those from cristiano ronaldo. Nonetheless, once can find CFD brokers like plus500 that are far more famous and do not charge commissions . They offer a wide range of negotiable assets, including forex, shares from companies listed on stock exchanges around the world, indexes and, of course, raw materials (gold, wheat, silver, oil …). However, if you want to do so at a later time, throughout this review we will analyze the requirements that every CFD broker must have by comparing xtrade with its competitors. In addition, we will analyze the varied opinions from customers (80.5% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you can afford to take the high risk of losing your money).

We believe it is a broker that leaves something to be desired, since their services and customer service are average. Even though the company offers many options, before hiring their services, we have to ensure it is a good broker. To do so, we have to conduct an in depth analysis to study its pros and cons. That is why we will conduct a review to study their commissions, reviews from actual traders, whether it is regulated or not, whether it offers a demo account, and other important information before registering.

Regulation: is xtrade a scam?

The first step in a review is to always analyze the regulation of the broker regulation. Why? It tells us whether it is a secure and reliable broker. Even though being regulated is not a 100% security certificate, it is a clear sign that they take things seriously and that they are not a scam.

Xtrade is a cyprus based broker, and is therefore authorized and regulated by the cypriot entity, cysec. Cyprus is one of many countries in the european union and euro zone such as spain, so they comply with all treaties, regulations and communities. In addition, its italian branch is registered in the italian entity, CONSOB, which would be somewhat similar to the UK´s FCA. In addition, since xtrade is a european broker, it complies with the mifid community regulations. Having cristiano ronaldo sponsor xtrade is seen as something very positive in the trading world and for many people, it offers them a great sense of security, but it does not provide us any information as far as reliability. The important thing is the information we encounter in terms of regulation, and based on that we have to determine if it is reliable or not.

In summary, after studying everything regarding supervision, we believe xtrade is a reliable broker. Nevertheless, we don´t like nothing that´s not registered with the FCA of the UK, which generates some distrust. Taking into account that there are other CFD brokers like plus500uk ltd that are registered woth the FCA , we believe it would be interesting to focus our attention on them (80.5% of retail CFD accounts lose money).

Does xtrade pay?

One of the concerns that traders have before investing through a CFD broker is to know whether they will have a problem when withdrawing their money. In this regard, we have to say that after reading comments in forums, xtrade generally speaking, does pay on time even though one may encounter comments about people stating that they had problems withdrawing their money.

Demo account

If you are still new to trading and don´t want to start directly with real money or you want to test using the simulator to see how cfds work. In doing so, you will be able to see how the markets reacts, be it forex with the movement in currencies, or the stock exchange with the quotation of companies, as news emerge affecting the company.

Demos are very useful tools for beginners because they offer you the option of carrying out as many operations as you want and verify in first person the functioning of the financial markets around the world, as well as to negotiate with all available assets, be it stocks, currencies, raw materials or stock indexes. Thanks to this, if you are a beginner, or if you already trade with cfds, but want to try new strategies, you can use the demo to avoid taking risks.

If you want to use different trading strategies with cfds without risking your capital, you can do invest through the demo account. The truth is that xtrade´s demo lacks many important options and has significant limitations. If you want to try plus500´s demo click on the link below, and then click on “free demo account” (80.5% of retail CFD accounts lose money).

Commissions

If regulation is most important, the second most important thing are commissions and fees. In trading with cfds, the best brokers do not charge any commission for each operation, but instead use spreads. The operation of these spreads is as follows: each time we buy or sell a CFD on a certain underlying (for example, oil, or shares of telefónica or facebook) the price of opening and closing a position is different. This differential is called the spread, and it is the existing cost to be negotiated. Therefore, we have to look for a broker whose spreads are as low as possible.

For xtrade´s basic account, which requires a minimum initial deposit of only 100 euros / dollars, the spread is fixed and ranges from 4 to 6 pips. If you prefer to register with the premium account, which is of a higher level, the conditions are better, since pips range from 2 to 5.

As mentioned earlier, there are many assets available to invest, so one cannot see each and every one of the spreads, because it would be a very boring review. By simply knowing that the euro / dollar currency pair is the most important, and as we see with plus500, the minimum spread is variable. If you want to learn more about the spreads offered by plus500, click here (80.5% of retail CFD accounts lose money).

Terms

As we have already seen, there are no commissions, but you have to know that if you do not trade for three full months, they can charge you a $ 5 inactivity fee. The normal thing is to not be charged because practically nobody opens a real account to leave it abandoned. Therefore, although there are some associated costs, we can say that hiring the services from xtrade is free.

On the other hand, one of the most interesting aspects of trading with cfds is its leverage. Xtrade stands out from the rest of the brokers, since it offers a maximum leverage of 1:30. If compared with others brokers like plus500, and even with one of the famous brokers like markets.Com, we will discover that xtrade allows a similar leverage. So, you have the option to invest with a quantity of money of the same level as with the competing brokers of xtrade. Of course, you have to know that by operating with leverage you can lose more money than what you have entered.

Another very important issue is the platform, since that´s where you will spend most time and the tool you will use to invest. Xtrade developed their own platform, so it is proprietary technology. Obviously, it offers high-level tools and all the signals you need to invest successfully. However, the signals do not make trading any easy and making money is not a sure thing. You are the one who has to operate and create your own strategy by always taking into account the risks of operating in the financial markets.

Reviews

All factors and conditions we have seen so far are very great but, what do customers who already invest with xtrade think? Comments in forums and opinions from traders are mixed, some point out great things while others recommend certain improvements.

One of the aspects that has had great opinions is the platform itself, which is very easy to use and does not require any type of download. Xtrade has many great reviews due to their free courses. The official website, which is fully available in english and other languages has also received positive comments.

Unfavorable comments are associated with the lack of using paypal to make deposits, although they have plenty of other alternatives, such as neteller, paysafe card, or traditional methods such bank transfer or credit and debit card. There is also one comment pointing out that they miss not being able to operate with the metatrader platform. Finally, one can also find opinions of distrust for not being registered under the FCA.

Rating and additional information

To end this review we want to create a list showing the positive aspects of xtrade, and factors we believe should improve, but let’s be honest, no broker is perfect.

Demo available for beginners

Platform compatible with mobile phones (android and ios), tablets and computers

No metatrader 4

Does not allow to withdraw or deposit money with paypal

Not registered with the FCA

Spreads are higher than its competitors

Can be greatly improvable in cfds over cryptocurrencies, ripple, bitcoin, bitcoin gold, bitcoin cash or litecoin

Having rated the different conditions offered by this broker, our assessment is that it is a mid-level company. Our opinion about xtrade is relatively good, but we miss not seeing it registered in UK´s FCA and we don´t like their high spreads.

We believe plus500 is an option which should be consider for trading with cfds. Click here if you want to learn more about plus500 and trade without having to pay commissions (80.5% of retail CFD accounts lose money).

Xtrade review

Xtrade rating

Pros / cons

Bad reputation

Not metatrader platform

High spreads

Min. Deposit of $250

What is xtrade?

Founded in 2003 and based in melbourne (australia), xtrade is owned by the xtrade.Au pty ltd. Although xtradde is primarily registered as an australian company and has authorization from the australian securities and investments commission (ASIC – ACN: 140899476 licence no: 343628) throughout the world and has multiple offices located in its major geographical markets.

As an innovative company, this financial firm was one of the first brokers to offer forex trading via contracts for differences (cfds). Xtrade is one of the largest providers of CFD trading and has clients from around the world.

The football star cristiano ronaldo was their ambassador from 2016-2017.

Xtrade review – homepage

Regulation & trust

Is xtrade a good and regulated broker?

Yes, its australian clients are protected by one of the most strict government regulatory authorities, the australian securities and investments commission (ASIC – ACN: 140899476 licence no: 343628).

Xtrade has a very poor history of fraudulent behaviour ( withdrawal issues, unfair conditions in its platform, …).

Trading platforms & tools

As xtrade is a CFD broker, it does not have to pass customer orders to the real market, because all books are maintained internally. Hence, they do not offer traditional trading software like other forex brokers.

Instead, this broker has developed its own proprietary trading platform, which customers can access from any regular modern browser and from their smartphone.

Currently, they offer mobile trading applications for android, ios devices, and windows phones.

Does xtrade use metatrader?

Not, they don’t support metatrader platforms.

Instruments

How many assets can be traded at xtrade?

They provide trading shares of major companies and indices. N addition to the equities, they also allow its customers to trade major commodities like gold and silver. However, the largest collection of trading instruments offered by them is the forex currency pairs.

Besides major currency pairs like EUR/USD, GBP/USD, USD/JPY, etc., xtrade also offers a range of minor and exotic currencies to its customers.

During our research for this review, we found that their customers can also trade virtual cryptocurrencies like the bitcoin on its platform.

Trading conditions

What are the xtrade spreads?

All fees are charged as spreads, which happens to be fixed and ranges between 2-5 pips. We accessed its website during a weekend, 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 9 p.M. To friday at 9 p.M.

What are their fees and commissions?

Xtrade.Com don’t charge commissions on their accounts, but they have a $50 inactive account fee per month if you don’t trade for a period of 3 months.

What is their max leverage with icmarkets?

They offer up to 400:1 leverage on all of its instruments.

Research & education

They offer basic online educational tools including video tutorials, forex courses and an economic calendar.

Type of accounts

You can choose among 4 accounts depending on your minimum deposit:

Standard: $250 min. Deposit. Basic features, with high spreads.

Premium: $1,000 deposit is required. A dedicated account manager is provided by xtrade.

Platinum: you must deposit $5,000. You get a VIP trading support, and lowest spreads.

VIP: $20,000 minimum deposit is required. This account includes a priority account, individual trading strategy, and lowest spreads.

Xtrade demo account

All of these 4 accounts come to include a free demo version.

What is the minimum deposit on xtrade?

Customers can open a standard account with a $250 initial deposit.

Client support

They offer several popular channels of communication to its customers, including, live chat, email, or telephone. However, we found that xtrade hour support team is available from sunday at 22:00 GMT to friday at 22:00 GMT only.

Customers are encouraged to send an email to [email protected] prior to calling. However, xtrade does offer strong phone support.

In addition to phone and email support, xtrade also has a live chat option on their website where customers can reach customer support during business hours, which excludes the weekends.

Conclusion

Although that xtrade is an australian regulated broker and this broker was a pioneer in CFD trading and its extensive global reach made it one of the handfuls of top brokers around the world, last years they’ve gained a very bad reputation in the industry due to many client complaints about withdrawal issues, manipulation of prices, and huge spreads.

Otwórz darmowe konto demo

Forex | surowce | indeksy | kryptowaluty | akcje CFD

X-trade brokers DM S.A. Prowadzi działalność maklerską

Na podstawie zezwolenia udzielonego przez komisję papierów wartościowych i giełd oraz podlega nadzorowi komisji nadzoru finansowego
(nr licencji DDM-M-4021-57-1/2005)
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X_trader

With x_trader®, simultaneously trade multiple markets from one fully-customizable screen with advanced speed, stability and accuracy

X_trader futures trading platform

X_trader demo

Platform overview

With x_trader®, simultaneously trade multiple markets from one fully-customizable screen with advanced speed, stability and accuracy. Single-click order execution and the patented MD trader® ladder coupled with tools for automated trading, charting and more give traders the edge on trading performance. There are two versions of the platform available: x_trader and x_trader pro®.

Please note, x_trader is for professional traders onl and not for the casual trader. For questions, please contact cannon trading for more information.

The trading results on the demo accounts do not include commissions, exchange fees and N.F.A fees that you are going to get charged on your real account. You should also consider that certain fills you would get on a "demo" account might not reflect the same result on a live market action. Demo accounts use hypothetical money and don’t have the emotional impacts of real money. This demo is designed as an introduction to using the platform; it is not intended to mimic trading results in a live trading environment.

Frequently asked questions

Support

Platform highlights

supported instruments				supported exchanges		routing infrastructure
futures	options on futures	stocks	options on stocks	multiple exchanges available		trading technologies
				CME, CBOT, ICE, NYMEX, COMEX		trading technologies infrastruture
basic features
route orders to pit	routes orders electronically	intraday charting	historical charting	streaming real time quotes	market depth window	trading hours 1	simulated trading	audible alerts	export to excel
						24/7	demo only
advanced features
algorithmic trading	trailing stops 2	bracket orders	single click trading	trade from chart

order types
market	limit	stop 2	stop limit 2	stop with limit 2	order cancel order	spreads

platform pricing		demo features
monthly fee	transaction fees 3	demo available 4	paper trading 5	real-time data
starting at $775	included in monthly fee

1 access 1 x_study charting data has a start date of 1/22/12. Data prior to this date is not currently available.
2 access to markets may be limited by exchange and/or platform server maintenance.
3 the use of stop loss or contingent orders may not protect profits, and may not limit losses to the amount intended. Certain market conditions make it difficult or impossible to execute such orders.
4 A 30 day demo is available.

Trading futures and options involves substantial risk of loss and is not suitable for all investors.

There are unique risks associated with utilizing internet-based order execution trading systems including, but not limited to, the failure of hardware, software and internet connection. Vision does not control signal power, its reception or routing via internet, configuration of your equipment or reliability of its connection. Vision is not responsible for communication failures, distortions or delays when trading via the internet.

Trading technologies®, x_trader®, x_trader pro®, MD trader®, autospreader®, and X_STUDY® are registered trademarks and the trading technologies logo, TT™, autotrader™ are trademarks of trading technologies international, inc.

Xtrade review

The xtrade trading platform user experience includes an award-winning interface

The xtrade platform offers a variety of feature-rich tools and training to enable traders to maximize their opportunities. Traders can profit from a wealth of expert tips and guidance in self-paced online modules, video tutorials and additional media, in the form of E-books and CFD trading guides.
Xtrade also offers mobile versions with award-winning features. Use the markettrends drilldown to get an easy technical indicator for when to buy and sell an instrument — and one-click follow-through:
packaged tools also help focus traders on profits, like the trading central analysis tool, with its london and NY market-opening technical trading recommendations including broker ratings and top performers. Autochartist alerts grant access to an integrated chartist approach, featuring technical recommendations and trading opportunities.

Xtrade demo account

Xtrade facilitates and encourages traders to utilize a demo account. While fast moving real-world conditions cannot be truly recreated with practice conditions, simulated markets offer the best overall training for actual trading risk. Opening positions during real market conditions allows would-be traders to experience the full demands of having positions exposed to risk.

Xtrade welcome bonuses

And finally, enjoy the assurance of a protected first-trade-on-us bonus. Make a trade, make a profit and it's yours. If otherwise, we will refund you for up to $120 cash bonus.

Xtrade deposit options

With xtrade, you can use all the leading online transfer mechanisms for deposits and withdrawals, determined by the currency you choose during the deposit process. Xtrade provides secure and safe banking options from a carefully selected network of trusted e-commerce associates and leading financial institutions worldwide. This gives xtrade the ability to provide clients with the most popular online payment methods.

Go to xtrade sign up page

Xtrade is managed by experienced and seasoned capital market professionals, with extensive involvement in the brokerage industry. From this commercial and individual experience has come the appreciation that winning CFD activity is based on superior service to customers, innovation and fast reliable order execution.
The xtrade group is centred in limassol, cyprus and is accredited to offer contracts for difference (CFD) as a licensed investment firm by a number of international regulators, including cysec, the cyprus securities and exchange commission, which operates under mifid, the markets in financial instruments directive.
The xtrade platform offers a variety of feature-rich tools and training to enable traders to maximize their opportunities.

The xtrade special four-bonus welcome package can be easily applied. First up is the $20 cash phone verification bonus. Next is the $30 cash bonus for account verification. A third bonus awaits you with your first deposit, of up to $6,000. With the bonus amount determined by your deposit amount. Select from a variety of payment methods. Fill in your payment details and tap deposit.
And finally, enjoy the assurance of a protected first-trade-on-us bonus. Make a trade, make a profit and it's yours. If otherwise, we will refund you for up to $120 cash bonus.
For additional terms, check out our promotions page.
Now you can start trading online cfds with confidence and benefits.

Offers offer the xtrade prepaid mastercard® card, a prepaid card that can be used anywhere around the globe, supporting seamless integration with your xtrade account. For more details contact support. In seven languages.
In addition to all major credit cards and regional payment solutions, xtrade accepts the world’s two largest payment mechanisms: paypal and wechat. Paypal is offered to the EU community, through the company’s brokerage cashier system. Paypal is a global leader in online and mobile payment solutions, with award-winning online security and anti-fraud technology. Chinese wechatters can now fund their xtrade official account directly from within the world's largest standalone messaging app through wechat pay, just as with all their other payment options.

Is operated by xtrade europe ltd (ex. XFR financial ltd.) which is regulated and licensed by cysec under the license no.108|10 to offer financial services throughout the EU. The company is a licensed investment firm compliant with the markets in financial instruments directive (mifid).

Xtrade has a branch in italy which is registered by CONSOB (commissione nazionale per le societa' e la borsa) reg. N. 0096369/13 dated 13/12/2013, inscription n. 00012, authorised according to law D.LGS. N. 58/98.

As per mifid requirements and the legal framework in cyprus, xtrade has adopted appropriate policies and procedures outlined in the following documents:

Xtrade legal documents include:

Terms and conditions
our relationship with you is governed by our product disclosure statement and customer agreement.

Anti-money laundering
this document provides our clients with information on the laws and regulations designed to stop money laundering.

Order execution policy
this document is designed to assist clients in deciding whether to use any of the services offered.

Conflict of interest policy
access to our website is conditional and based on our terms and conditions.

Risk warning
before you apply to begin trading with us, you must carefully consider whether using cfds is appropriate for you in the light of your circumstances and financial position.

Pillar III
this document provides our clients with information on xtrade's capital adequacy, through disclosure of details on the scope of application, capital, risk exposures, risk assessment processes, and the capital adequacy of the institution.

Complaint resolution process
this document provides our clients with information on the company policy and procedures with respect to client complaints or grievances.

Bonuses & promotions
this document provides our clients with details of xtrade's various periodic and incidental bonuses and promotional efforts, including eligibility and restrictions.

Xtrade review and tutorial

Xtrade is a cysec-regulated forex and CFD broker. To help you decide whether to open an online trading account, this review explores the broker’s platform, mobile app, minimum deposit, payment methods, and more.

Xtrade company overview

The CFD investment broker is owned by xtrade group limited and is headquartered in limassol, cyprus. The company has several daughter brands, including xtrade europe ltd. And xtrade international ltd that service clients from dubai to uruguay.

The broker was founded in 2003, has 15 offices worldwide, and is registered with over 10 regulatory agencies, including in cyprus, the philippines, malaysia and the UAE. Xtrade does not, however, provide services to the UK, canada and some other countries.

Xtrade webtrader platform

The proprietary web-based platform requires no download or installation. Even from the login page the design is intuitive for newcomers while the effective trading tools have helped the platform pick up multiple awards. It’s accessible in 11 languages and offers 12 technical indicators, 4 chart styles, 9 time periods, and 17 analysis tools. There is also an integrated economic calendar, news thread and a signals service.

Note, the popular MT4 trading platform download is not available.

Assets & markets

More than 200 online FX and CFD instruments are available, including:

56 forex pairs – 19 majors, 9 minors, & 28 exotics

Commodities – precious metals & energies

Stock indices – eight global stock indexes

Shares – close to 200 company shares

Xtrade also offers a handful of etfs.

Spreads & commissions

Xtrade uses a fee structure with zero commissions, only taking money from spreads. Spreads are variable, for example, GBP/USD spreads can range from 2.5 to 5 pips, EUR/USD ranges from 1.7 to 5 pips and EUR/GBP ranges from 3 to 5 pips.

Some user complaints highlight the $50 inactivity fee charged to accounts dormant for more than three months. Overnight premiums, or swaps, are also charged for positions that are held open after 22:00 GMT.

Leverage

Leverage rates vary up to a maximum of 1:400. The leverage levels for indices range from 1:20 to 1:200, commodities up to 1:10, forex pairs can be leveraged between 1:50 and 1:400 and stocks up to 1:5. Retail traders in EU-regulated markets, such as germany, are capped at a leverage of 1:30, as per ESMA regulations.

Mobile apps

The xtrade platform has also been developed for mobile use with ios and android smartphones and tablets. Called ‘xtrade online trading’, the mobile app is easily installed, with a responsive user interface and much of the capability provided by the web-based platform. The application allows one-touch trading with live prices, charting options, analysis tools, notifications and account funding options. Many of the additional tools, such as autochartist signals and economic calendar are also available on the mobile platform and receive good reviews.

Payment methods

Xtrade offers a wide range of payment methods that vary for clients from different countries. All clients are offered visa and mastercard payment card options as well as bank wire transfers. There is a maximum deposit limit of $15,000 for payment cards, though there is no limit on wire transfers. Traders can use tens of domestic e-wallets and payment providers, including unionpay and neteller, each with their own maximum deposits. There is a minimum deposit of $250, though this may be reduced during promotional events.

Withdrawals must be made using the same method as the deposit. However, if a deposit was made using an e-wallet, then withdrawals can be processed via bank transfer, skrill or neteller. 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. There are no deposit or withdrawal fees charged on the part of the broker.

Demo account

There is a fully equipped online demo account available to current and prospective clients, allowing traders to get a feel for forex and CFD trading on the platform. The account uses simulated money and once passed the login page, you can open and close positions at real prices in real markets, meaning there is no risk to capital.

Deals & promotions

At the time of writing there are no welcome or deposit bonuses on offer. However, they do run periodic promotional campaigns and have been known to drop minimum deposits, offer deposit bonuses and even team up with international football star cristiano ronaldo.

Note, always check bonus terms and conditions before you begin account registration.

Regulatory status

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. Xtrade international ltd also complies with the international financial services commission’s regulations for worldwide trading.

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. All client accounts are also opened under the investor compensation fund (ICF), which covers traders up to €20,000, should the broker be unable to pay out winnings.

Additional features

As well as their award-winning trading platform, xtrade offers several extra features to its clients. There is a fully populated economic calendar and news stream that can be accessed via the website or through the platform. There are also daily market analysis videos uploaded both to their website and youtube channel plus calculator tools available for pivot, fibonacci and deal size calculations.

The xtrade website also comes with an education centre that has a range of tools geared towards novices and those with years of experience. The centre covers the basics of the platform and charting to complex trading strategies and market analysis through tutorials, online courses, e-books, pdfs, and a blog. There is also an expansive glossary to help traders cut through any unfamiliar jargon.

Account types

Xtrade does not differentiate between traders, offering a single account type for all real money trading. Every trader gets access to the full range of instruments, web and mobile platforms, plus educational centre. This does mean, however, that less favourable spreads can’t be avoided like they can with many tiered account structures.

Benefits

Clients are provided with a range of competitive features:

Award-winning trading platform

Global licensing and regulation

Daily market analysis videos

Range of payment options

Autochartist signals

No commissions

Drawbacks

There are, however, some areas where the broker could improve:

No cryptocurrency & bitcoin trading

No automated investing capability

No islamic account option

No social trading

No metatrader

Wide spreads

Trading hours

The market trading hours for the instruments supported by xtrade are 21:00 GMT sunday to 21:00 GMT friday during daylight saving and 22:00 GMT sunday to 22:00 GMT friday during winter months. Some instruments may have more limited trading hours, the details of which can be found in the website’s CFD information list.

Customer support

The customer support team can be contacted 24 hours a day, 5 days a week via several methods. There is a telephone line that opens at 22:00 GMT on sunday and closes 22:00 GMT on friday. There is also email support and the broker has a large social media presence.

For general enquiries and support, xtrade may be contacted using a live chat function in the lower right corner of their website. The website supports 35 languages and live chat representatives are available in six different languages. The customer support team can be contacted via:

Email address –[email protected]

Telephone contact number – +44 2038074001

The support team can help with a range of queries, from how to delete an account, utilise the platform, or navigate account verification.

To follow the broker on social media:

Twitter

Facebook

Youtube

The company’s head office address in cyprus plus its locations in melbourne, australia, amongst others, can be found on the broker’s website.

Trader security

Xtrade provides a high level of cybersecurity, with 256-bit standard secure sockets layer (SSL) encryptions, provided by comodo, on all transactions and website traffic. The broker has several identity theft and credit card safeguards in place, all of which undergo regular reviews. The website also uses true-site identity assurance and complies with AICPA webtrust assurance standards.

Xtrade verdict

Xtrade is an award-winning provider and a strong competitor versus brokers such as etoro and plus500. Its free signals and well-equipped education centre make it a sensible choice for clients new to trading forex and cfds, in particular. Their over ten years of industry experience is also a good indicator that they’re safe to trade with.

Accepted countries

Xtrade accepts traders from australia, thailand, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.

Traders can not use xtrade from united states, canada, united kingdom.

Is xtrade a legitimate brokerage company?

Xtrade europe ltd. Is licensed and regulated by the cyprus securities and exchange commission (cysec) for services in europe. Xtrade international ltd. Is licensed and regulated by the international financial services commission in belize. We’re comfortable the broker is not a scam.

What is the minimum deposit for an xtrade account?

The minimum deposit required to open an account is $250 while the minimum position size is 0.01 lots.

Is there an xtrade demo account?

Yes, xtrade offers a demo account with all the capabilities and options available with a real money account.

Does xtrade offer a MT4 download?

No, xtrade only offers its own proprietary trading platform designed for browser-based trading. The platform has also been made into a mobile app for ios and android smartphones and tablets.

Can I open an xtrade account in canada or the USA?

No, xtrade does not provide its services to traders in the USA, canada or other countries where its services conflict with local laws. However, xtrade can be used in many countries worldwide, including india, the UAE, australia and uruguay.

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Xtrade is an online trading system that is registered in 21 different countries in europe. It specializes in forex and CFD and is authorized to operate by the cyprus securities and exchange commission. The company operates in europe with the xtrade europe limited.

Types of accounts

There are two ways to register to the xtrade platform. You can opt for an account in demo mode or a real money account. The demo mode allows you to trade with information taken from the real forex market. That way you can test your skills and get ready for the actual trading.

Besides the opportunity to learn, you will have access to unique promotions. If you start with a demo mode account, you can easily upgrade it. Then, enjoy up to $6,000 as a reward on your first deposit. It will depend on how much money you collected. Other rewards are $20 for phone verification, $120 to celebrate your first trade and $30 for your account verification. Currently, you can also participate in a contest to watch rolando in madrid. You just need to make five trades, and you are in for the competition.

Software overview

The software of the xtrade forex broker is embedded to their website. To access you just need an internet connection and the username and password you created when you opened your account. Once you are on the platform, you still have access to the xtrade tools to help you in the trading process.

Once you have an account, you can also use the mobile apps. There is an app for iphone, ipad, windows phones, android phones, and android tablets.

When you want to also trade shares, index, commodities, etfs or cfds, you can use the same platform you use for forex. That way you don’t need to have multiple accounts on different brokers. It also will help you to make a better use of your funds. You can clearly see all the options for trading, as well as your current and past trades. That way you can keep track of all the movements to your account.

To practice, you can still use the demo account. However, once you start trading, you will regret your wins when you are in demo mode.

Our xtrade forex gallery

Xtrade homepage

Forex academy

Xtrade demo account

Deposits and withdrawal services

The universally accepted payment methods are visa and mastercard. Depending on your country you have other options. Xtrade accepts over 60 different banks and money services to make deposits or withdraws.

Each option you may use has a limit per transaction. There are also restrictions depending on your country. You can filter by country to decide which is the best option, depending from where you are. As for the time, it depends on your preferred method.

Customer support

There is an international phone number for customer support. You can call to solve any issue. When you are fonder of chatting, there is an online chat on their web page.

If you prefer to send an email, depending on your query there is a different email address you can use. For customer support just use support@xtrade.Com. If you have issues with financial and billing, marketing, or affiliates, then there is another email for you. General queries are done for those who are not clients. If you need to raise a complaint, there is the email compliance@xtrade.Com.

Safety and regulation

Xtrade is fully compliant across europe. It is registered with:

The united kingdom at the FCA. France at the banque de france. Spain at the CNMV. Italy at the CONSOB. Denmark at the danish FSA. Poland at the PFSA. Sweden at the FI. Netherlands at the AFM. Liechtenstein at the FMA. Luxembourg at the CSSF. Slovakia at the NBS. Lithuania at the LSC. Slovenia at the SMA. Estonia at the financial supervision authority. Bulgaria at the FSC. The czech republic at the CNB. Finland at the FIN-FSA. Portugal at the CMVM. Austrian at the austrian FMA. Hungarian at the MNB.

Overall conclusion

Xtrade is an excellent way to start trading with their demo mode. You can create an account to trade forex without investing real money. Make use of the training material and then, start trading online. It is registered with many different regulatory organisms in europe. It gives you reassurance that your capital and investments are safe.

When you want to trade something else besides forex, xtrade is an excellent choice; because there are other trades, you can do using the same platform. Besides, it has a mobile app compatible with windows phone, which is something few online brokers have.

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*forex trading involves a high level of risk and may not be suitable for all investors as it may result in loss of the invested capital. Please ensure you fully understand the risks involved!

Xtrade review & demo

By auto-ping june 20, 2016 2:21 pm 24,979 views

Background

Xtrade is a successful online trading company, offering cfds trading, currency trading as well as indices, commodities and shares trading. The company was established in 2003 and has already gained a reputation of a safe and stable company on the international market.

Xtrade offers more than a hundred trading assets, including shares trading (google, apple, facebook, amazon), commodities trading (gold, silver, corn, oil), indices trading (USA 30, canada 60, US-TECH 100), forex trading (EUR/USD, GBP/USD, AUD/JPY) and many other assets.

Xtrade education

Xtrade presents a wide range of educational materials for new traders as well as experienced traders. All traders can benefit from the company’s learning center, which provides a full educational package for new traders. The learning center offers video lessons with expert traders, training sessions with a personal account manager and also a free trading guide. With the help of these educational materials traders can build their own unique trading strategy and choose their preferable assets.

Xtrade.Com mobile trading

Xtrade offers an advanced application for mobile trading, customized for the traders who wish to trade online from their mobile while they are away from home. Mobile trading is very popular nowadays, since more and more people prefer to use their mobile phones instead of pcs. Xtrade’s mobile platform is a definite advantage for traders.

Xtrade demo account

In addition to other educational materials, xtrade also provides users a demo account, which enables virtual trading with a virtual sum of money. The demo account provides traders an opportunity to practice safe trading until they feel confident enough to start trading in a real environment. The demo account allows traders to test their trading skills in a risk-free environment, which is especially important for beginner traders, who don’t have trading experience.

Special bonuses – xtrade

Xtrade offers many promotions and special bonuses for new traders. For example, the phone verification bonus offers a free $20 cash bonus. The bonus is available once per phone number. It is generated and assigned to each user after entering a code received by SMS. The company also offers an account verification bonus with a $30 cash bonus. Xtrade’s welcome package for new traders includes a special FTD bonus, which can reach up to 60% of the client’s initial deposit.

Xtrade promotions

All new clients can receive a special promotion, which fully covers their first deal. If the client doesn’t make profit on his first deal, xtrade will refund his loss. This promotion is especially attractive for new clients with little or no experience in trading. Risk-free trading promotions are a useful tool for clients who just start trading live.

X_trader

With x_trader®, simultaneously trade multiple markets from one fully-customizable screen with advanced speed, stability and accuracy

X_trader futures trading platform

X_trader demo

Platform overview

Please note, x_trader is for professional traders onl and not for the casual trader. For questions, please contact cannon trading for more information.

Frequently asked questions

Support

Platform highlights

supported instruments				supported exchanges		routing infrastructure
futures	options on futures	stocks	options on stocks	multiple exchanges available		trading technologies
				CME, CBOT, ICE, NYMEX, COMEX		trading technologies infrastruture
basic features
route orders to pit	routes orders electronically	intraday charting	historical charting	streaming real time quotes	market depth window	trading hours 1	simulated trading	audible alerts	export to excel
						24/7	demo only
advanced features
algorithmic trading	trailing stops 2	bracket orders	single click trading	trade from chart

order types
market	limit	stop 2	stop limit 2	stop with limit 2	order cancel order	spreads

platform pricing		demo features
monthly fee	transaction fees 3	demo available 4	paper trading 5	real-time data
starting at $775	included in monthly fee

Trading futures and options involves substantial risk of loss and is not suitable for all investors.

So, let's see, what we have: is xtrade a good broker? We believe they are just another broker. Although they have been growing in recent years due to the number of underlying assets which at xtrade demo account