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XTrade Comprehensive Review
- No commissions
- Regulation: CySEC, ASIC, MiFID
XTrade is an all-inclusive trading environment - Forex, Indices, Commodities and Shares. I can say, probably like most traders will that XTrade is one of the most promising brokers in the Forex market of today. It is also the best pick for those who opt for Contracts for Differences (CFDs) trading. If I were to pick the best features of XTrade, it would be that its leverage ratio is really good, it doesn't require you to pay for any fees to trade as opposed to the commissions being slashed off from every trade you do with other brokers, and it allows for you to familiarize the platform and familiarize the trade itself by signing up for a demo account. They offer Forex education via their free e-books and video tutorials that really come in handy specially for the neophytes in the trading market.
Bonuses and Promotions Available
When it comes to promotions and bonuses, XTrade has a promising figure. Their first deposit bonus can reach up to $6,000. That is crazy, I know, but traders can expect for that. Thus, the other fun side of their promotions is that traders can earn cash as well when they verify some account details - like $20 cash bonus for verifying phone number and $25 for verifying account. Apparently, Xtrade do not allow for multiple accounts.
Read about Deposits and Withdrawals
Moreover, it is highly essential that before you go get really serious about trading, you have to know first your broker's deal when it comes to deposits and withdrawals. XTrade traders can go via credit or debit card, Wire Transfer, PayU, GiroPay, Webmoney, CashU, Neteller, SporoPay, QIWI, Sofort, Skrill, Moneta.Ru and eCard. These are just among their payment platforms, but of course, it would still vary from one country to another. Minimum deposit is 100, but again, would still vary from where the payment is coming from.
- Company:XFR Financial Ltd
- Licensed & Regulated by:CySEC, FCA, MiFID, ASIC
- License Number:108|10
- Support:+44 2030516305
What separates XTrade from other brokers is that it has its own proprietary trading platform and supports traders in 140 countries with its five global offices. Along with that is their 150 CFD asset choices which provides a more flexible exploration of various investment choices.
Credentials & Regulations
It is highly relieving to see such integrity and credential in an online Forex broker and that's why I signed up for a premium account - given my humble experience as a trader. XTrade is not new in the industry. It has been established in 2003 but 2010 as a CFD trading firm. That alone explains its reliability in terms of its rich trading knowledge. Located in Cyprus, the company has a strong backbone. It is supported by the national financing controlling agency CySEC.
In conclusion, XTrade is a great choice for both novice and advanced traders. CFD allows for traders to measure the movements under every asset in detail. And if you want to try out the supple market of CFD, then XTrade is the best choice for you. You can freely try a demo account first to get the hang of it, but for sure, you'll find it amazing that you'll surely move to a premium account in no time.