Xtrade online trading

Unlike outright share ownership, CFD holders are not entitled to any voting rights, but they do receive the cash equivalent to any declared dividends.

CFD trading eliminates many of the brokerage and exchange-associated fees, like stamp taxes and commissions. Also, the expensive costs and delays of a physical delivery of the shares, the registration, and any holding/safe custody charges that come with having a broker are eliminated, saving you additional time and money.

Trading info

Cfds: A quick introduction

Contracts for differences (cfds) is an investment instrument developed to allow market traders the benefits of possessing shares, indices, forex, and commodity positions without actually owning the underlying instrument itself. The market trader enters into a contract with a CFD at a specific price, and the difference between that price and the price that it is closed at is settled in cash.

It is important to remember that by trading cfds it is possible to lose all or part of an investment.

Xtrade, one of the best online CFD forex brokers, offers CFD trading on verity and popular financial market. We provide our trades with the opportunity to trade cfds with no exchange charges and no stamp duty. CFD trading enables market traders to trade a portfolio of shares, forex, indices, or commodities without having to lock up large amounts of capital.

Unlike outright share ownership, CFD holders are not entitled to any voting rights, but they do receive the cash equivalent to any declared dividends.

You decide that you want to buy google shares. Instead of purchasing 1,000 shares of google from a stockbroker, you buy 1,000 cfds of google on the xtrade trading platform. If there is a $4 per share fall in the price of google, you would receive a $4,000 loss. However, if there is a $4 per share rise in the price of google, you would receive a $4,000 profit, just as if you had purchased the actual shares.

Online trading in australia for beginners

The dramatic rise in the global forex market, has also been reflected in the growth of online trading in australia via online forex brokers. While the overall foreign exchange turnover in australia declined in the half year to april 2015 by 4%, the royal bank of australia reports that non-bank online trading in australia (FX and currency swaps and options) by locals grew 52%

Analysts cite several reasons for this anomalous growth.

Most important is the rise in trading opportunities. With the availability of CFD trading in australia, individual traders can now enjoy increased margin magnification on small sums, with phenomenal leverage of 400:1 or more.

The precipitous fall in the value of the australian dollar (AUD) has motivated australians of all stripe and kind to hedge their informal and formal currency exposure.

Why online trading in australia is so popular?

The rise of CFD online trading in australia has been gradual, propelled by both market and regulatory forces. While initially the governing authority ASIC (the australian securities and investments commission) pushed for exchange-traded standardized contracts, the efficiency of proprietary trading platforms proved to be irresistible. With increased recognition and approval, this channel has grown to prominence at the expense of other trading opportunities. ASIC has remained pro-active, publishing numerous informative and educating position papers to help small traders understand and master the intricacies of CFD instruments.

Australian authorities are relatively progressive in their oversight regime compared with their major trading partners. Traditional conservative cautiousness in japan and provisions in the united states dodd-frank wall street reform and consumer protection act of 2010 limit domestic traders to significantly more severe leverage constraints.

As alluded to above, the global economic environment underwent a significant upheaval in 2015, with a significant adverse effect on the australian dollar. The reliance on commodities in general and the chinese economy in particular became unprofitable, amidst a chinese-recession-inspired global slowdown.

The significant depreciation in the value of the AUD motivated new entrants in online trading in australia.

Where to start

A wealth of information to the beginning trader is available, online and offline.
- Forums for investors with similar objectives and strategies
- Subscribe to RSS and other push-feed updates from financial news and government monetary sites.

Familiarize yourself with technical price charts

Set realistic goals for your temperament, time commitment and expertise.

Practice with virtual accounts. The wide variety and choice of brokers and platforms present multiple opportunities to practice

Tax treatment of CFD trading activity

Gains and losses incurred through CFD trading activity for australians can be subject to a variety of treatments, largely dependent on the relation of the principal activity of the trader: business, capital gains investment, or gambling.

Unfortunately, the considerations as to classification are myriad and subject to interpretation beyond the scope of this article. You are therefore advised to seek competent professional tax advice, before claiming your proceeds or losses in one category or another.

Trade with the global forex trading specialist

Why are traders choosing FOREX.Com?

Global market leader

Connecting traders to the currency markets since 2001

Professional accounts

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pro service

Innovative & award-winning

Our new mobile app offers one-swipe trading and lightning fast execution

Financial strength you can depend on

Your FOREX.Com account gives you access to our full suite of downloadable, web, and mobile apps.

Trade on one of the world's most popular trading platforms with access to dedicated support and integrated trading tools exclusive to FOREX.Com.

Leverage our experts

Our global research team identifies the information that drives markets so you can forecast potential price movement and seize forex trading opportunities.

Ready to learn about forex?

New trader?

Welcome, we’ll show you how forex works and why you should trade it.

Have some experience?

Let’s create a trading plan that will help you stay on track and meet your goals.

Want to go deep on strategy?

Great, we have guides on specific strategies and how to use them.

Open an account in as little as 5 minutes

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Fund your account

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*based on active metatrader servers per broker, apr 2019. **based on CFD spreads and financing competitor comparison on 28/08/19.

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Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

CFD and forex trading are leveraged products and your capital is at risk. They may not be suitable for everyone. Please ensure you fully understand the risks involved by reading our full risk warning.

FOREX.Com is a trading name of GAIN capital UK limited. GAIN capital UK ltd is a company incorporated in england and wales with UK companies house number 1761813 and with its registered office at devon house, 58 st katharine’s way, london, E1W 1JP. GAIN capital UK ltd is authorised and regulated by the financial conduct authority in the UK, with FCA register number 113942. GAIN capital UK ltd is a wholly-owned subsidiary of stonex group inc.

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Xtrade - online trading 4+

XTRADE EUROPE LTD

Designed for ipad

Screenshots

Description

Online CFD trading with xtrade - trade the markets anytime & anywhere.

Xtrade app offers professional trading functionality with a simplistic user friendly outface.

- trade cfds on the world’s most popular financial instruments.
- fast and efficient CFD trading.
- get access to real-time market quotes from popular stocks, indexes, forex pairs, to commodities such as oil and gold.
- buy and sell cfds online: stocks, NASDAQ shares, NYSE and many more stock exchanges.
- open and close positions, set limits to protect your investment.
- view your balance, equity and margin.
- first class multi language support.
- live charts & signals
- fund your account by credit card or wire transfer.
- fully licensed and regulated broker.
- award-winning trading platform.

Risk warning: CFD 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. Please consider our terms and conditions before using our services.

What’s new

- bug fixes and performance improvements.

Ratings and reviews

Josh carter

Great app if you understand what your doing.
They have helpful information and videos on the xtrade academy.
People give this company a rough time on withdrawing your funds but if you have complied with all of the asic regulations and uploaded all documents the money is processed within 48hours.
I bank with commonwealth and have never had a problem when I withdraw.
Have been using xtrade on and off for the last 3 years and my account manger has called me before to tell me of opportunities that are coming up.

I’ve been trading for 10+ years as a hobby and I still work but it’s nice to know that if I make trades I can set take profits and stop loss markers so I’m in control.

People say they have lost thousands and blame the company but you have 100% control over what your trades and money is used on and when to exit a bad trade.
If you don’t know what your doing probably best to learn or not trade at all.

In summary I haven’t found a fault in the company or the platform I wish they offered metatrader 4/5.

I love it

Bets of the year. It’s good and covered anything in the application I love it . Sometimes not easy to understand and use trading system but now I got this application it’s can help me to make money and finding good life and gown up with them

Trap with horrible account managers

I suggest you do not get into this activity or at least not with this company as they have a horrible service. Their account managers know nothing about the market , they give u suggestions to trap you and block you in huge losses. Eventually encourage you to keep on pumping in money to save the losses that they trapped you in. I know no of cases who are clients with this company who have incurred huge losses with no support from the account manager- they tend to disappear at at critical times where u need their so called expert advice the most.

If you love your hard earned money . I suggest you stay away from this game or at least from this company.

App privacy

The developer, XTRADE EUROPE LTD , indicated that the app's privacy practices may include handling of data as described below. For more information, see the developer's privacy policy.

Data not collected

The developer does not collect any data from this app.

Privacy practices may vary, for example, based on the features you use or your age. Learn more

Information

Requires ios 8.0 or later. Compatible with iphone, ipad and ipod touch.

Xtrade review and tutorial 2021

Go to the brokers list for alternatives

Xtrade is an online FX & CFD broker offering its own bespoke desktop and mobile platform.

Trade on over 50 major, minor, and exotic currency pairs.

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.

Xtrade platform

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.

Xtrade mobile app

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 – support@xtrade.Com

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:

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.

Xtrade – online trading for PC (windows & mac)

If you are one of those guys who want to relish the lavish experience of xtrade – online trading for PC on windows 10/8/7 or mac laptop then we assure you that you have ended up at the right place. In this post, we will take you through step by step procedure to have xtrade – online trading for PC.

Even though the official desktop version for xtrade – online trading is not available, you can still download and install xtrade – online trading on PC using a few tricks. We will list down two of the simple methods to have this best finance app, xtrade – online trading for windows & mac PC.

Xtrade – online trading app specifications:

app name	xtrade – online trading
category	finance
app size	24M
installations	1,000,000+
rating	4.1/5.0
supported OS	windows, mac OS, and android 4.1 and up
developed by	XTRADE.Com

Xtrade – online trading is a very popular android finance app. It is developed by XTRADE.Com and published to google’s playstore and apple’s appstore. Xtrade – online trading has got a very good number of installations around 1,000,000+ with 4.1 out of 5 average user rating.

Xtrade – online trading for android –
[appbox googleplay com.Xfr.Xtrade]

Download xtrade – online trading for PC (windows 10/8/7 & mac):

In contemporary days, mobile is the dominating electric gadget used by almost everyone and everywhere in the world. These days people are using mobiles day in and day out. To accustom to trends, developers are not focusing on websites and desktop applications. Instead, they are developing mobile native android and ios applications.

So, mobile app development has become the prime option for companies. It has become a tedious task for users who want to enjoy apps like xtrade – online trading on personal computer’s big screen. Here comes the problem solvers, android application emulators.

Android emulators:

Android emulators enable us to use the android application on PC or laptop. There are several players who have developed and published android emulators. The following are a few popular ones.

The list goes on, there are plenty of other good android emulators as well. All the mentioned emulators are the best and work very well to use xtrade – online trading on PC.

After hours of research and considering the different elements like usability, popularity and, user community bluestacks and memu play are the prominent ones. So in this blog post, we will guide you to get the xtrade – online trading for PC via bluestacks app player and memu play.

Xtrade – online trading for PC – bluestacks:

Bluestacks is the first company to introduce android emulators to its users. As a first one, it is the most widely used android emulator and it has got a very good community as well. Bluestacks supports both windows and mac operating systems.

Let’s start our installation guide to download and install xtrade – online trading windows and mac PC using bluestacks.

On your browser, visit the link download bluestacksand follow the guide to install bluestacks on your PC.

Wait for the installation to complete and once it is installed, open it just like other applications.

It will ask you for a login, login with your google email account. Done, you have successfully set up the bluestacks on your PC.

Find the search bar located in the top right corner of the bluestacks home page.

Type “xtrade – online trading” in the search bar and you will be prompted with the results.

Click on the xtrade – online trading icon, then click on the install button. Wait for download of 24M and installation process to complete.

Once the installation is complete, you will find the xtrade – online trading icon on the home page of the bluestacks app.

Installing the xtrade – online trading for PC is similar to installing an app on the mobile phone with the bluestacks. Double click on the app icon and enjoy your xtrade – online trading on PC.

Key points about bluestacks:

Bluestacks 4 is the latest version of the bluestacks app player. It is RAM intensive, it requires and uses a higher RAM compared to other emulators. Not all the features in bluestacks are free. If you want to use premium features you have to pay and upgrade. If you have a budget then go for bluestacks pro version. Pro version is faster than any other emulator. Pro version is useful especially for gamers who need speed and stable performance.

Xtrade – online trading for PC – memu play:

Memu is one of the best, free and, widely used android emulator. Memu has got a very good user community as well. Memu play supports only windows and does not offer anything for mac.

Let’s start our installation guide to download and install xtrade – online trading windows and mac PC using memu play.

Download the installer file with extension .Exe from memu play website.

Click on the .Exe file as an administrator and install the memu like other applications.

Do one-time sign up with google mail account. Done, you have successfully set up the memu play on your PC.

Find the goole playstore icon on the home screen of memu play. Click on the playstore, then you will be seeing playstore interface just like in mobile.

Search for the “xtrade – online trading” and install it as we do in mobile. Xtrade – online trading APK size is 24M.

Once the installation is complete, you will find the xtrade – online trading icon on the home page of the memu app.

We are all set, double click on the xtrade – online trading for icon and cherish your favorite xtrade – online trading on PC.

Why xtrade – online trading for PC?

Xtrade app offers professional trading functionality with a simple user-friendly interface.

– trade on the world’s most popular financial instruments.
– fast and efficient online trading.
– get access to real-time market quotes including: popular stocks, indexes, forex pairs, and commodities such as gold and oil.
– use our online trading platform for: stocks, NASDAQ shares, NYSE and many more stock exchanges.
– open and close positions, set limits to protect your investment.
– view your balance, equity and margin.
– first class multi language support.
– live charts & signals
– fund your account by credit card or wire transfer.
– fully licensed and regulated broker.
– award-winning trading platform.

Online 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. Please consider our terms and conditions before using our services.

Xtrade – online trading for PC – conclusion:

We hope, we have guided you well in installing the xtrade – online trading for PC. Cherish the experience of xtrade – online trading on PC by following our step by step procedure for either bluestacks or memu play. If you face any issues, please reach us through the comments box below. We are more than happy to see your comments and help you.

Xtrade forex broker broker review

Reviewer : justin freeman

Published: 7th july, 2020.

Broker information

Company name: xtrade

Founded: 2010

Country: cyprus

Platform info

Broker services

Regulators: wire transfer, credit/debit card, moneybookers

Minimum deposit: $100

US clients: no

Featured forex broker

Avatrade was established in 2006 and is located in dublin, ireland. Offering trading services in over 150 countries with offices located worldwide. Avatrade is a forex broker that is committed to providing a safe trading environment and is fully regulated and licensed in the EU and BVI, with additional regulation in australia, south africa and japan.

If you are still trading forex the “old fashioned way” with MT4 and a like-minded broker, then you may have missed out on the many innovations that have hit the market in recent years. Next to binary options, the next fastest growing way to trade has been to go the contracts for differences (cfds) route with a firm like xtrade, which has been in the business since 2010. A spin off from “spread betting”, this straightforward trading regimen involves buying a contract with your broker that will pay off if the market moves in your favor. Your reward is based on the difference between your opening and closing position, the units purchased, and leverage chosen. This genre offers more flexibility, and, for this reason, the forex brokers in this arena have chosen to add stocks, commodities, and indices to the mix to broaden your possibilities and trading enjoyment.

What kind of asset choices, you might ask? With xtrade, you can choose between 52 currency pairs, the lion’s share of them, 21 in number, being exotic pairings that you may not find with your traditional broker. Xtrade even offers a bitcoin pairing for those in the know. Outside of forex, there are nearly one hundred additional asset choices, each with its own bid/ask spread dynamics and minimum margin requirement. Xtrade also provides several illustrative examples to help you understand how to open a position, close it, and deal with risk management issues. There are no commissions involved. The firm makes its revenue via the bid/ask spread and overnight premiums, if applicable. Registration is simple. There is one standard account that comes with a free demo account for practice. The demo account is subject to first deposit. Welcome bonuses range from 20% up to 60% and can be more, if you deposit more than $10,000. Terms and conditions for bonuses: the bonus amount is added to your account when you have traded the amount of xpoints to make you legible for the bonus. Every asset will reward different amounts of xpoints. One deposit bonus per household. The bonus will expire within 30 days of initial deposit if the trader does not reach the required xpoints within the time frame.

Since cfds are such a different trading instrument, xtrade developed its own version of webtrader to support their online transactions. No downloads are required, and they also support a number of mobile apps for traders on the go. The firm is headquartered in cyprus and derives its licensing and authority to operate from cysec. With xtrade, your deposits are segregated from operating capital and protected further, up to 20,000 euros, by the investor compensation fund in cyprus. Xtrade is operated by xtrade europe ltd, which is regulated and licensed by cysec under the license number 108/10. Unfortunately, U.S. Clients are not accepted at this time.

Features

Why trade with xtrade.Com? The firm lists these reasons:

Founded in 2010 by industry professionals with diverse experiences in the brokerage industry;

Regulated by cysec;

Client deposits are segregated for safety purposes and protected further up to 20,000 euros by the investor compensation fund in cyprus;

Standard account and a free demo account upon registration – customization may apply if more than $10,000 is deposited, demo account is subject to first deposit;

More than 150 CFD asset choices, including currency pairs (51 plus bitcoin), stocks (74); indices (12); and commodities (13);

Trading platform is proprietary, online only, and requires no downloads;

Mobile apps are also available;

No commissions charged – xtrade is compensated for its services through the bid/ask spread;

Trading support includes professional charts, technical analysis tools, alerts, and training provided by customer service reps;

Customer service reps are bilingual and accessible “24/5” via live chat, email, or direct phone.

Spreads and leverage

Spreads and leverage are published on the website for every asset choice. Each asset has its own individual criteria. Xtrade is compensated via the bid/ask spreads, which do vary by asset, and margin requirements are also stated separately. Margin calls can be a possibility with cfds, if the market moves abruptly against you. Risk warning: trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.

Platform

Processing cfds requires an entirely different back office and software protocols. To accommodate its needs in the most effective manner, the management team at xtrade chose to develop its own proprietary trading platform. It has the look and feel of other online systems, is user-friendly, and allows one-touch access to open positions, asset choices, history, and trading tools. No complex downloads are necessary, and mobile applications complete the platform possibilities. For security and safety purposes, all personal information and trading session data are encrypted using the latest in 256-bit SSL technology. Hackers will not ruin your day with this broker.

Deposits and withdrawals

Xtrade offers nearly 40 different ways to deposit funds, $100 being the minimum amount required. In addition to credit and debit cards and banking wire transfers, they support a host of ewallet and domestic payment provider alternatives. Withdrawals must follow the same deposit route, per law, and withdrawals will be a snap, as long as AML documentation is in order, once again as per international law.

Beginner’s and customer support

Customer service representatives are available “24/5” and can be accessed via live chat, direct phone, or email. The reps speak six languages, and the website supports 16 languages. Account managers can address your queries directly or guide you through set up, system familiarization, and training education, if necessary. The website is full of helpful examples that explain how spreads, leverage, and risk management tools apply.

Conclusion

Trading cfds is one of the newer trading methods to hit the forex market in recent years, and with any innovation, it helps to be with a pioneer in the genre that has years of experience at its craft. Xtrade has been at it since 2010, with an experienced management team from the brokerage industry. They have cysec as regulator for EU. If you want to try out cfds, then xtrade is worthy of your consideration.

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

About the author : justin freeman

Justin has twenty-two years' of experience working in the financial markets with brokers. He's held trading and risk management positions at boutique asset managers and large investment banks. Justin helps people understand their trading options in a clear, jargon-free manner.

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.

XTRADE review (2020): scam update

Is xtrade a scam? A real xtrade review

Is xtrade legit? Are they regulated? This xtrade review will answer these questions and more while clarifying if xtrade is a forex scam.

Is xtrade a regulated forex broker?

Xtrade is regulated by the cyprus securities and exchange commission. They are also registered as a cyprus investment firm and are therefor covered under the investor compensation fund (I.C.F). This means that if the forex company goes bankrupt, clients are guaranteed their invested funds up until €20,000.

Xtrade is regulated by the cyprus securities and exchange commission (cysec) under the name xtrade europe ltd. This means that they are authorized to provide services throughout the EU.

However xtrade.Com is not covered under this regulation. The only approved xtrade owned domains that are regulated by cysec are offerfx.Com and offersfx.Eu. This means that if you’re trading on an xtrade website, they are not regulated.

Xtrade europe has previously used the names XFR financial ltd. And O.C.M. Online capital markets ltd.

It’s important to note that despite any claims otherwise, xtrade is not and never was regulated by the FCA . Xtrade australia has been flagged by the australian securities and investments commission (ASIC) as well as the british columbia securities commission (BCSC).

Is xtrade regulated in australia?

Xtrade is regulated in australia by the australian securities and investments commission. This means that australians citizens are offered a certain level of protection when trading with them.

If you’ve been scammed by xtrade, you can get your money back. Contact us here.

If you’re a client of xtrade and you are certain that you have been treated in a way that is highly questionable, you are likely being scammed.

Be wary of recovery scams targeting xtrade clients. There are methods of getting money back from xtrade. We can advise you on what’s possible and what’s just another scam. Contact us.

Is xtrade legit?

Xtrade is known to deny their clients withdrawals. For this reason alone xtrade is a scam.

There are additional red flags that indicate that xtrade should not be trusted which we’ll cover below.

What is xtrade?

Xtrade is an offshore forex broker that offers forex and CFD trading services. They were established in 2003 and are registered in belize at no.5 cork street, belize city, belize. C.A. Where they also claim to be located. They have additional offices in cyprus, israel and australia.

If one chose to visit them to try and get their money back, it’s likely that a trip to their registered location would be in vein, as most belize based forex brokers are actually scams and don’t have a physical operation anywhere in the country.

You might be more likely to find their offices here.

If they are located in belize should I trust them?

It would make sense to conclude that the reason that xtrade is located in belize is because they are a scam. Many forex scams choose belize as their location to register. We’ve covered this topic in other articles but to put it simply, belize is a haven for individuals who look to open up companies without having to identify who they are or be held accountable for their business practices.

The fact that they are registered and claim to be located in a country that is fraught with corruption and well known for being a money laundering hotbed, is enough to label them a scam. But why stop there when there’s more?

Before we do so, and for the sake of covering all things xtrade, let’s have a quick look at their platform and offerings.

What services do they offer?

In terms of services, xtrade offers 1:400 leverage on over 150 CFD’s, 51 currency pairs in addition to bitcoin, 74 stocks, 12 indices to choose from and 13 commodities. They have the lowest minimum deposit in town at $100 USD (or $1 USD according to some clients) and they do not charge commissions or hidden fees.

The trading platform – xtrade website and app review

The xtrade website is designed with state of the art graphics and is optimized to suit their global client base and convince even the most suspecting individual of their legitimacy. They use their own proprietary trading platform which is available as a web application and a mobile app for both android and apple devices.

Account management and types

The xtrade website doesn’t officially state that they offered managed accounts, however many reports have told us that there is account management taking place.

As far as actual types of accounts, unlike most of their competitors, xtrade does not offer different account options. This is unusual to find with a scam broker. The sales processes used in the forex fraud industry is heavily bolstered by a method of funneling individuals through different accounts. You can read more about how that works here.

Is xtrade a market maker?

Yes, xtrade is a market maker and all executions take place in house. This means that clients are betting against the house. What’s even more concerning is their usage of a proprietary platform. Combine this with their lack of regulation makes for a “do whatever you want” environment.

Payment options

Xtrade is exceptional when it comes to funding your account. They offer a wide variety of payment options on their website, these include visa/mastercard, and over 60 other methods of payment. They make it very easy to find what methods of deposit are available with their country drop down menu. Many of the options of deposit are geared towards their south american clientele.

Withdrawal policies

When it comes to withdrawals, this company has a bit of a lengthy process. According to their policies, three conditions are required to process a withdrawal.

A government issued ID or passport

Proof of address

Assessment of appropriateness

In addition to the above, the website states that withdrawal requests can take up to five business days, or in extreme cases, up to 3 weeks! That kind of policy could be considered a scam even if xtrade wasn’t a proven scam broker. This is also something you won’t find on your average xtrade review.

Most financial service providers allow you to simply press a button. Xtrade provides that button as well, however be prepared for a lengthy withdrawal process that eventually leads to not receiving any funds and the clear conclusion that xtrade is a scam.

The rule of thumb with forex scam companies is; withdrawals are granted as a tool that the broker uses only in order to earn the clients trust so that they will deposit more money. This is certainly the case with xtrade. If one does manage to make a withdrawal, they can get ready for the broker to ask for a lot more money on the next call.

Xtrade online reviews – what the customers are saying.

Online reviews are not always what they seem to be, especially in the forex industry. However there is often enough material available to sort the wheat from the chaff. In this case, it’s not too difficult.

One thing we know regarding sites like trustpilot. A company has the right to dispute a negative review. If the reviewer can’t provide proof of their experience, then the negative review is removed. Here’s an example of an online review from january of 2018 that has not been removed, it relates to the withdrawal policies that we mentioned above.

Unfortunately, we have to assume that anne never got her money back.

It even seems like google agrees that xtrade is a scam.

Forex peace army (FPA) review of xtrade

These website used to be a very reputable one but has recently experienced on onslaught of fake reviews. We’ve still seen efforts by FPA to maintain integrity. Recent choices of sponsored ads on their site have lead us to second guess what’s really going on. The overall rating of a company is something that can be used as a general reference to a company’s standing.

Here’s how they grade the subject of our review.

How about their customer service?

Thinking that customer service actually exists at a company like this one is a mistake in it of itself. The fact that an online review website awarded them the 2017 best forex customer service award just tells us a little bit about the standards of that website.

Customer service is something earned and in the case of xtrade here’s how the clients feel.

It would seem that martin from the UK who lost his money to this company puts it into the most eloquent way possible as he says in his review, “DO NOT trust these liars with a single penny.

Proof of the scam

In essence, xtrade has not done anything that we haven’t seen over and over again in terms of being a scam broker. Their history with regulators is only one of the many damning factors. This is a company that while it still did have regulation was directly partnered with xforex, another infamous unregulated forex scam. However in addition to all of the above factors, the very complaints that clients have made to us regarding xtrade and the consistent nature of these reports is enough to know that this company is up to no good.

Conclusion

While xtrade made efforts early on to attain regulation and paint itself as a worthy broker. The reports are out and it’s clear from their lack of regulation and insistence on not returning their clients funds that xtrade is a scam.

If you’ve been burnt by xtrade and you want to get your money back, report your case to us here. We’ll tell you how you can get your money back.

We’ll also contact you if a criminal investigation takes place and if a class action lawsuit is pursued.

Getting your money back.

There are two possible ways to get your money back from a company like xtrade and they don’t apply to all situations. We can tell you where you stand in terms of possible recovery of your funds and what to lookout for.

So, let's see, what we have: day trade online with xtrade – learn what are cfds, shares, forex, commodities, and indices. Learn about cfds and how to trade worldwide with our platform. At xtrade online trading