Xtrade online

Huge forex bonuses

Our cloud-based technology ensures your access from any device and location. With servers and backups around the globe, you are assured of anywhere anytime order execution. × we are dedicated to offering best-of-breed support and believe that ultimately, our success is measured by our clients' success. Our commitment to high quality customer service is thus both a driving force and a manifestation of this understanding. Our friendly and experienced 24-hour support team offers comprehensive solutions for all customer requirements. ×

About us

Who we are

Trade finance is in our DNA. For more than 10 years, xtrade has helped clients make trade payments, access liquidity, and manage risk. We connect counterparties with market-leading traditional trade for cfds on shares, commodities, forex, and indices. Our institutional strength, practical expertise, comprehensive technology, and unparalleled network enable us to deliver a powerful global trading platform, when and where our clients need it.

Xtrade offers around-the-clock support and deliver world-class solutions to clients. Our sophisticated, web-based and mobile app trading management platforms, allowing clients to manage trade activities from purchase order to payment. Xtrade providing anytime/anywhere access, creating visibility, speeding the cycle and reducing costs, all while streamlining the trade process.

Regulations

Our vision

Xtrade's principles

Xtrade's mission

The human aspect

Innovation

Trade with confidence

Why xtrade?

Strong financial resources and regulatory oversight

By establishing solid relationships with many of the biggest international banks, we are able to ensure our clients receive a first-class trading experience. This has also enabled us to expand our client base, generate increased trading volume and provide vast liquidity to our clients at superior prices. Our ongoing and continual expansion of financial service offerings — including multi-language support, multi-currency and multiple payment methods — ensures that our customers enjoy a unique trading experience. ×

Competitive pricing and trade execution

We have worked hard to ensure our pricing always remains competitive and transparent. To minimize buy/sell spreads and automate trade execution, we have devoted over a decade of investment in cutting-edge technology. ×

Experience the next-generation trading platform

Our state-of-the-art trading platform grants you unparalleled access to the CFD market and offers all of the necessary tools and features to optimize your experience and make the most out of your CFD trading. Our cloud-based technology ensures your access from any device and location. With servers and backups around the globe, you are assured of anywhere anytime order execution. ×

We are dedicated to offering best-of-breed support and believe that ultimately, our success is measured by our clients' success. Our commitment to high quality customer service is thus both a driving force and a manifestation of this understanding. Our friendly and experienced 24-hour support team offers comprehensive solutions for all customer requirements. ×

Get ahead with unique and innovative trading tools

To ensure that our clients have the best tools available to make smart and informed trading decisions, we offer the following online features:

Economic calendar

Technical analysis

Market review

Real-time charts

Push notification services

Enjoy a wide range of financial instruments

We provide the most comprehensive trading environment possible for our clients! We offer the opportunity to trade cfds on the widest range of underlying assets available, including: shares, commodities, forex, indices and etfs. ×

Segregated clients’ funds

At xtrade, you will trade with peace of mind. Our protective measures include the following:

Stability and financial strength of xtrade financial services

Segregated client accounts

Investor compensation fund

Segregated accounts

In financial trading, a segregated account is an account in which the trader's assets are kept separate—or segregated—from the broker's assets. Segregated accounts are crucial to CFD trading.

At xtrade, a client's funds are segregated and safeguarded by reputable credit institutions. Additionally, xtrade continuously monitors its operations as per its regulatory requirements and submitting of financial reports.
Xtrade encrypts all transactions with the state-of-the-art 256-bit SSL bank standard secure socket layer. Other security measures include a true-site identity assurance seal, AICPA webtrust compliance, and regular testing of the company website's identity theft and credit card safeguards.

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.

The 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: ultimate online solution for domestic + global trading

For small businesses who make, buy, sell and ship physical goods for ecommerce + B2B deals.

Why you need A combined trading platform

Time: by not needing you to rekey, juggle and self-stitch different systems together.

Money: why pay for multiple systems, when a single software solution would do.

Risk: inaccurate data entry across systems causes delays in delivery + payments.

What’s included in A combined trading platform

XTRADE: you get SEVEN tools in ONE online platform:

1. Contacts CRM

Keep track of your engagement with customers + suppliers + other contacts who matter.

2. Stock + manuf.

Control your stock levels + locations + bills of materials + manufacturing + supplies.

3. Docs + certs

Generate quote, proformas, invoices, sales orders, purchase orders + certificates seamlessly.

4. Logistics

Compare shipping rates + arrange collection + packing + tracking + handle returns.

5. Workflows

Sales + purchase workflows make sure you’re on top of any sales + buying life-cycles.

6. Connections

Avoid re-keying data between external systems, such accounting packages + shippers.

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 2021

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.

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.

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

Xtrade offers first-rate bonuses and incentives for traders and nearly one hundred asset choices, each with its own bid/ask spread dynamics, minimum margin requirement, and leverage amounts.

Trade cryptocurrency cfds with leverage

25 welcome bonus - T&C's apply

All major cryptocurrencies available

No commissions - fixed spreads

#1 mobile trading app

Free demo account

Xtrade broker review

Founded in 2010, xtrade’s home base is in cyprus. The brokerage is regulated by cysec, which is the cyprus national financial controlling agency. X trade offices can be found on five continents, and they XFR financial ltd operates them. Xtrade’s trading services can be reliably accessed across the globe, providing high-quality investment services to traders in over 140 countries. Xtrade gives its clients a wide range of assets to trade, as well as first-rate bonuses and trader incentives.

Tradeable assets

Xtrade’s tradeable assets include cfds, indices, commodities, shares, forex, cryptocurrencies, etfs, and bonds. With xtrade, you have the ability to trade in over 52 currency pairs, at least half of them exotic pairings that you might not find when you use another broker. X trade’s offer of a bitcoin pairing is yet another example of the broker’s cutting-edge attitude towards trading.

Looking beyond forex’s impressive share of X trade’s assets, there are over one hundred additional choices. Each choice has its own minimum margin requirement and bid/ask spread dynamic, making trading very individualized and unique.

Account types

There are two account types available:

Standard:

Suitable for beginning traders

There are no commissions on deposits

Minimum deposit amount: 100

Spreads are 4-6 majors

The leverage is up to 1:400

Premium:

Suitable for advanced traders

No commissions on deposits

Minimum deposit amount: 1000

The leverage is up to 1: 400

Premium has special features, VIP services, and better spreads.

Type of broker

Xtrade is an online CFD (contracts for difference) trade broker that offers its clients, among other assets, a wide range of cfds, which is considered to be one of the most straightforward ways to trade. Cfds involve purchasing a contract with your broker that will pay off if the market tilts in your favor. However, you should note that this trading is really for advanced traders only, as your money is very much at risk when trading cfds. Experienced brokers are most suited to this trading.

Regulation

Xtrade is regulated by the cypress securities and exchange commission, also known as “cysec.” this regulation has been in place since xtrade’s founding in 2010.

Platforms

Xtrade takes a unique position with regards to its platform. Many brokers use the popular, industry-standard metatrader4 for trading, however, xtrade does something different. Xtrade offers clients the xtrade pro proprietary platform. This platform is web-based, but there are mobile versions available (as you’ll see in the next section, xtrade is big on mobile trading).

Xtrade mobile trading

Xtrade’s mobile trading is highly rated and reviewed. Xtrade’s platform is available on mobile, as aforementioned, and the platform accommodates traders needs in the most efficient manner. CFD trading differs from other trading, and xtrade developed its own mobile platform to make this happen. All personal information and other data are encrypted using the latest in SSL, 256-bit technology.

Bonuses

Xtrade has a unique welcome package that includes a variety of different bonuses. For a first deposit bonus, you can get up to $6,000. Upon verifying your phone number, you can get a $25 bonus, and verifying your account gets you another bonus of up to $30 cash. The first trade you make can get you a maximum of $120 in bonus money. This welcome package is unlike anything else in the industry, and similar bonuses are available for loyal traders.

Deposit options

There are are many different ways with which you can make your deposit, including the use of credit/debit cards, bank wire transfer, e-wallets including paypal, webmoney, and more. There are no deposit fees.

Withdrawal methods

To withdraw, you need to use the exact same method that you worked with to make a deposit. Withdrawals typically take up to five business days to process, although, if there are delays outside xtrade’s control due to third parties, the deposit may take longer. Withdrawals must follow the same method as the deposit.

Customer support

With xtrade, there are a variety of different customer support options, including live chat, phone, and email. Xtrade has representatives available 24/5, and these reps speak six languages. You will find the website is even more comprehensive, as it supports sixteen languages and contains a wide variety of tools and education to help. Account managers are always standing by to help clients.

Ease of use

Xtrade’s withdrawal and deposit methods are simple and straightforward. You can open an account using several currencies, including the yen, US and canadian dollar, swiss francs, and euros. Xtrade offers clients traditional debit and credit card methods and wire bank transfers, as well as contemporary online wallets. The minimum amount required to open an account is $100.

Why trade at xtrade

Xtrade offers its clients 52 currency pairs, and 21 are exotic pairings you are not likely to find using a traditional broker. Xtrade also offers a bitcoin pairing, showing that it is cutting-edge. Aside from forex trading, there are almost one hundred asset choices, each of which has its own bid/ask spreads, leverage amounts, and minimum margin requirements. Furthermore, X trade presents clients with various educational tools and resources to help clients understand how to open and close positions and deal with risk management issues. Lastly, xtrade is a broker that charges zero commissions; instead, it makes its revenue via overnight premiums and bid/ask spreads.

To see how xtrade ranks against other industry-leading trading platforms see our comparison charts. Read our expert reviews, see our ratings and compare the best online trading platforms, features, fees, and more.

T&C's apply to each of the offers above, click "visit site" for more details.

So, let's see, what we have: xtrade, with its growing global presence, is dedicated to offering innovative trading strategies and insuring full security and safety of client accounts. At xtrade online