Xtrade Review, xtrade minimum deposit.

Xtrade minimum deposit


Xtrade review: financial calendar if you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers australia, best brokers south africa, best brokers canada or our best brokers for all other countries.

Free forex bonuses


Xtrade Review, xtrade minimum deposit.


Xtrade Review, xtrade minimum deposit.


Xtrade Review, xtrade minimum deposit.


Xtrade review


Xtrade is an online brokerage firm that offers traders across the globe over 500 assets for trading on its proprietary web and mobile trading platforms. There are several platform tools that are provided to traders including autochartist, economic calendar and market sentiment analysis. However, the brokers spreads are not the tightest and they do not offer any social trading platforms.


Xtrade review, pros & cons


  • Regulated broker

  • Trading signals from autochartist

  • Market trends & sentiment analysis tools

  • Multiple payment options; over 60 channels



  • High spreads compared to other online brokers

  • No social trading platforms or managed accounts

  • No metatrader platforms

  • Clients from USA & some other countries are not accepted

  • Market maker broker model


In this detailed xtrade review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.


Xtrade is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including xtrade.


Xtrade review: summary


Xtrade is an online forex and CFD broker that offers online trading solutions to its clients. The broker was founded in 2003 with a passion for innovation, integrity and professionalism. The head office is in cyprus while it has offices in over 15 locations worldwide. The website is translated into over 30 languages.


Xtrade provides access to trade over 500 trading instruments on its modern trading platforms. The broker offers only fixed spreads and charges no commissions on trades. Trades are executed within fractions of seconds. The broker states that it is the sole execution venue of client orders and acts as principal to the trade executions.


The official ambassador of xtrade from 2016 to 2017 was the portuguese football legend, “cristiano ronaldo”. He is one of the world’s most decorated football players with multiple ballon d’or awards and european golden boots.


Xtrade have been decorated with awards for their online trading services. Prominent among the awards are the following: ‘best forex education provider’ and ‘best mobile trading platform’ which were both won at the ‘china awards’. Also, at the 2016 forex expo awards in dubai, xtrade won the ‘best forex broker’ award.


Xtrade Review: Online Broker Awards


Xtrade review: online broker awards


Xtrade review: regulation


Xtrade europe ltd is registered in cyprus with the registration number: 248449. It is regulated by the cyprus security and exchange commission (cysec). The license number is 108/10. Despite this regulation, xtrade has been included on a number of regulator’s warning lists despite having cysec approval. Thus, we would most certainly only proceed with great caution.


Xtrade is regulated by the australian securities and investments commission (ASIC). The registration number is ACN: 140899476 and the license number is AFSL: 343628.


Xtrade international ltd is regulated by the international financial services commission (IFSC) of belize. The license number is IFSC/60/383/TS/19.


Xtrade affirms that all clients’ deposits are maintained in segregated accounts with top-rated international banks. The broker also audits its records to ensure complete compliance to the regulatory stipulations. Segregation of clients’ funds ensures that investors’ funds are separate from the broker’s funds. Even if the broker closes its doors for business, eligible investors can still be entitled to refunds from these segregated accounts.


To further secure the trader, xtrade has implemented a 256-bit secured socket layer (SSL). This is a standard security practice designed to protect all clients’ data and transactions as data is transmitted to and from the servers.


Xtrade review: countries


Xtrade does not provide its services to clients from the unites states, canada, belgium, zimbabwe, nigeria or other countries where its services will conflict with the local or national laws. Some xtrade features and products mentioned within this xtrade review may not be available to traders from specific countries due to legal restrictions.


If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers australia, best brokers south africa, best brokers canada or our best brokers for all other countries.


Xtrade review: trading platforms


Xtrade webtrader


This is xtrade’s proprietary trading platform that has an intuitive user interface for traders to access multiple markets in order to buy and sell forex and cfds. It runs on every operating system and requires no downloads.


Here are some of the features of the xtrade platform:



  • Available in 11 languages.

  • Account verifications, funding, withdrawals can be done from the platform.

  • Switch between demo and real accounts with one click.

  • The charts window has a multiscreen feature which can display the charts in up to 6 screens. This is useful for comparison over different charts, timeframes and indicators.

  • 12 technical indicators.

  • 4 chart styles; bars, candles, line and area.

  • Charts can be displayed on 9 timelines from tick to 1 week.

  • Integrates tools such as the financial calendar, autochartist, market trends, etc.

  • 17 drawing tools used for technical analysis.



Xtrade Review: Xtrade WebTrader


Xtrade review: xtrade webtrader


Xtrade online trading


This is the mobile app version of the trading platform. It is available for ios and android devices. The apps can be downloaded and installed from the respective app stores. The mobile app presents a user friendly interface and is very responsive.


Here are some of the key xtrade mobile trading app features:



  • Gives access to live quotes of stocks, indices, forex, commodities, etc.

  • Easily open, edit or close trade positions including multiple order types and risk management tools.

  • Integrates account funding and withdrawal options using multiple payment methods.

  • Perform technical analysis using charts, indicators and analytical tools.

  • Customisable with alerts on prices, trades, etc.

  • Integrates some trading tools such as autochartist alerts, financial calendar, market trends, etc.



Xtrade Review: Xtrade Mobile Apps


Xtrade review: xtrade mobile apps


Xtrade review: trading tools


Xtrade blog


There is financial news that is frequently updated on the blog website; blog.Xtrade.Com. The videos are professionally presented from xtrade’s news studio. Daily forex signals and analysis were previouslt updated on the blog but unfortunately have stopped.


Autochartist market analysis


The autochartist tool is accessible from the webtrader platform. It is available only to traders who fund their accounts with a minimum of $1,000. Autochartist is a market analysis software tool that gives access to in-depth expert analysis and trading signals on a wide range of tradable assets. It also scans the markets and alerts the trader when it finds a trading opportunity.


Financial calendar


The economic calendar can be accessed from the webtrader platform under the ‘tools’ menu. This financial calendar is an important tool used in fundamental analysis. It shows the dates and times scheduled for important economic activities and their forecasted impacts on the financial markets. The calendar is customisable to suit the trader’s preferences.


Xtrade Review: Financial Calendar


Xtrade review: financial calendar



This service is powered by a third party company (finansoft S.R.O) and it is available on the xtrade webtrader platform. It gives trading signals on selected instruments.


Xtrade Review: Market Trends


Xtrade review: market trends


Bull/bear market sentiment


This is another platform tool found on the xtrade webtrader. It gives the percentage of xtrade’s clients buying or selling a given asset within a defined time interval. This can be used as part of a market sentiment analysis which is often used to form part of a contrarian trading strategy.


Xtrade Review: Market Sentiment Analysis


Xtrade review: market sentiment analysis


Xtrade review: education


The education centre on the website has some video lessons geared towards beginner traders. The first set of video tutorials is focused on using xtrade’s website and trading platform. The videos are fully animated, interesting, clear, loud, and precise.


There are 11 video lessons of the basics of forex, bitcoin, technical analysis, indicators, and cryptocurrencies. The videos are taught by xtrade’s staff. The lessons were presented from a news room and contain only a few animations and illustrations.


A glossary of over 90 forex and CFD trading terms along with their explanations is available in the education center.


Xtrade review: trading instruments


The following trading instruments are available on the xtrade platforms:



  • 19 major currency pairs, 12 minor pairs & 29 exotic pairs.

  • 33 indices.

  • About 400 shares from USA, UK, japan, europe, etc.

  • 25 commodities.

  • 17 cryptocurrencies.

  • 5 bonds.

  • 23 exchange traded funds (etfs).



Xtrade review: trading accounts & fees


The maximum leverage is 1:400 for all account types. The spread ranges from 2-5 pips for the benchmark EURUSD.



  • Standard account: the minimum deposit is $250. This is the basic account with minimal features.

  • Premium account: the minimum deposit is $1,000. This account gives access to autochartist market alerts and dedicated account managers.

  • Platinum account: this is the most popular account with a minimum deposit of $5,000. This account features reduced spread and VIP bonuses.

  • VIP account: this is the account reserved for professional traders. The minimum deposit is $20,000. Account holders get exclusive corporate gifts.



Inactivity fees of $10 per month are charged from accounts that have been dormant for 3 months. For accounts that have been inactive for a year, $60 per month is charged.


As broker fees can vary and change, there may be additional fees that are not listed in this xtrade review. It is imperative to ensure that you check and understand all of the latest information before you open a xtrade account for online trading.


Xtrade review: customer service


Xtrade has a multilingual client support desk that is available round the clock on weekdays (24/5). The team speaks over 10 languages and operates from various locations. They can be reached on email, phone and instant web chat. On social media, they are on facebook, twitter, linkedin and youtube.


The customer service desk also has a frequently asked questions (faqs) section where they answer the most common questions usually asked by prospective clients.


Xtrade review: deposit & withdrawal


Xtrade states it repeatedly that it does not charge deposit and withdrawal fees. But some payment processors and banks may charge fees which will be borne by the client. Withdrawal requests are only approved for accounts that are completely verified. Generally, here are the payment options available:



  • Bank wire transfer: this method is used to transfer money between a client’s bank account and xtrade bank accounts. It takes up to 5 business days for complete bank transfer processing.

  • Online bank payment solutions from the following banks or payment processors are accepted: itaú, bradesco, banco do brasil, santanda, banco de chile, bancomer, banamex, santander rio, banco de occidente credencial, banco de occidente credencial, banklink, caixa, banco macro, banco galicia, citi bank, ekonto, euteller, giropay, ideal, lobanet, mister cash, multibanco, przelewy24, SOFORT, SPEI, poli and BPAY.

  • Credit/debit card: the cards accepted are visa, mastercard, unionpay, hipercard, JCB, and ELO. Card deposits are processed instantly while withdrawals may take up to 10 days.

  • Online payments: the electronic payments accepted are dineromail, PSE, VLOAD, abaqoos, alipay, astropay, cashu, carulla, boleto, ecard, ecopayz, EDEQ, epay.Bg, fasapay, halcash, jeton, moneta, neteller, neosurf, paysafecard, pago efectivo, pago facil, rapipago, QIWI, redpagos, skrill, sporopay, surtimax, teleingreso, ticket surf, todito cash, webmoney, wechatpay and yandexmoney.



Xtrade review: payment options


Xtrade review: account opening


The registration process on the xtrade website is very easy and straightforward. First visit the right website for your country of residence, click on ‘register’ found on the side menu bar. The form below displays.


Xtrade Review: Account Registration Form


Xtrade review: account registration form


Fill your name, email and phone number, agree to terms and click ‘submit’. The account is created and a password is assigned to the account. You are logged onto the xtrade online trading platform where you can make a deposit and start trading online.


Xtrade review: conclusion


Xtrade has been in the brokerage business for many years although they have come under some scrutiny during this time. The company is however regulated and states that they are committed to applying modern technologies, innovation and honesty.


The broker provides liquidity and access to trade over 500 instruments on its proprietary trading platforms for web browsers and mobile apps. The platform is simple, yet replete with a range of charting and analysis tools. The integration of autochartist analysis and signals is a popular choice for automated market analysis. It takes away the time requires to conduct complex charting and analysis from the trader. The sentiment tools provided gives traders an insight of what other traders are buying and selling which can also be useful to professional traders.


However, the spreads offered by xtrade are not that low when compared to other online brokers that offer spreads from 0 pips. They can also mark up the spreads as they do not charge a commission on trades. The VIP spreads and trading conditions require a large deposit. No cent accounts are provided and no social trading platforms or MAM/PAMM accounts. There is no provision for trade automation and platform extension via plugin apps. For these reasons amongst others, we consider xtrade a limited broker for online trading.


Trading FX/cfds involves a significant level of risk and you may lose all of your invested capital. Please ensure that you understand the risks involved.


Min $100 deposit


Xtrade is an online brokerage firm that offers over 500 assets for trading on its proprietary web & mobile platforms. Several platform tools are provided to traders including autochartist. The spreads are not the tightest & no social trading is offered.



Xtrade review



Xtrade


Leverage: 1:30


Regulation: cysec, IFSC


Min. Deposit: 250 US$


HQ: cyprus


Platforms: MT4, xtrade webtrader


Found in: 2003


Xtrade licenses



  • Xtrade europe ltd - authorized by cysec (cyprus) registration no. 108/10

  • Xtrade international limited (ex. Financial arena ltd) - authorized by IFSC (belize) registration no. IFSC/60/383/TS/18



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  1. Is xtrade safe or a scam?

  2. Awards

  3. Is xtrade safe or a scam?

  4. Leverage

  5. Accounts

  6. Trading instruments

  7. Fees

  8. Deposits and withdrawals

  9. Trading platform

  10. Customer support

  11. Education

  12. Conclusion


What is xtrade?


The broker xtrade firstly known as XFR financial ltd was established back in 2003, while recently headquarters in cyprus and offering traditional trading through cfds on shares, commodities, forex and indices.


The company also continuously increases their ranges and add instant access to the most popular cryptocurrencies that are available 24/7 directly through the trading platform: bitcoin, bitcoin cash, litecoin, dash, ethereum, ripple and other digital coins.


The international proposal through performed through stablished entity in belize that allows international traders to open account and also get high leverage or other conditions. Yet, be sure you learn differences about regulations and conditions well.


Proscons
worldwide coverage through entities in the cyprus and belizesupport not available 24/7
forex and CFD instrumentsinternational trading done through belize entity
good quality trading technology
choice between MT4 and proprietary platform
low costs based on spread
fast account opening
quality customer support

Xtrade website


10 points summary

�� headquarterscyprus
��️ regulation and licensecysec, IFSC
�� platformsMT4, xtrade webtrader
�� instrumentscfds on shares, commodities, forex and indices, cryptocurrencies
�� costs0.6 pips
�� demo accountoffered
�� minimum deposit250$
�� base currenciesthree currencies available
�� educationfree education with courses and daily analysis
☎ customer support24/5

Awards


In fact, xtrade through the long operation spread around globally while serving clients from a vast number of countries. As a recognized company in online trading with years of experience and worldwide presence, the firm confirmed its status by many awards and industry achievements.


XTrade awards


Xtrade & cristiano ronaldo – the broker supports various social activities which increase their presence in world picture. Cristiano ronaldo was xtrade official ambassador of 2016-2017, which signifies an opportunity to support the world’s greatest footballer while promoting marketing-leading CFD trading products.


Is xtrade safe or a scam?


Pros
regulated international brokernot listed on stock exchange
cysec authorizedruns offshore entity in belize
cross border licenses and global coverage
negative balance protection applied

Is xtrade legit?


The xtrade group and the company fully comply with the cysec regulation, as per their headquarters in cyprus and its obtained license, along with numerous registration and authorization across the EEA zone. The international brand that serves worldwide clients xtrade international operates in various jurisdictions through its license obtained by the international financial service commission in belize (IFSC).


Even in fact this license if offshore one, which regarded as not safe enough on its own, yet the additional regulation by the european entities confirms that the broker strictly complies with the international protective measures.


How are you protected?


The client’s funds are always segregated as we see through our xtrade review, means an account in which the trader’s assets are kept is separated from the broker’s assets that enable security and money protection, while also every client account is opened under the investor compensation fund.


Furthermore, xtrade continuously monitors its operations as per regulatory requirement and provide comprehensive security for all online transaction or manipulations provided.


In addition, according to the regulation sets the trader cannot lose more than the initial deposit, since the broker applied negative balance protection, which all in all makes xtrade considered to be a safe forex broker.


Leverage


Leverage is a quite unique opportunity to magnify trading potential using the tool of leverage. However, every trader should remember that leverage can work both for you as well as against you, so you should be cautious when using it and learn more how to use tool smartly.


In terms of xtrade leverage offering, as there are two main regulatory obligations the clients of different jurisdictions will fall under specific levels of leverage.



  • European clients or those traders that are operated under the cysec regulation, as per current updates are allowed to use maximum leverage of 1:30.

  • The international clients operated through xtrade international may enjoy leverage till 1:400.



Accounts


Through one xtrade single account, you are able to trade across multiple devices that make no difference between the traders. At the beginning, the trader can always try out the risk-free environment through demo-account opening.


Proscons
fast account openingnone
five account types offered depending on account size
selection between three base currencies
demo account
analysis and exclusive education for VIP clients

Account types


You can either grow your account so once the account reach or holds a balance of a certain amount it will turn either to premium account with 1,000$ balance, platinum account with 5,000$ and VIP account 25,000$ accordingly.


The trading conditions won’t be different and features the same support, education, news and available numerous signals. Yet, there is a spread reduction and additional education videos available for platinum and VIP account holders.


XTrade accounts


Trading instruments


The xtrade trading instruments or trading products are offered through a popular cfds or contract for difference model, which allows vast flexible opportunities on price speculation without particular ownership of an asset.


– xtrade equity cfds allow trading cfds worldwide on the most actively traded shares– apple, google, nike, JP morgan, IBM, etc. With a 5% initial margin.


– forex trading includes the most popular international currency pairs – EUR/USD, USD/JPY, etc, as well as the highly demanded cryptocurrencies. Xtrade trading system provided over 50 leveraged forex pairs with leverage up to 1:400.


– index cfds – S&P 500, dow jones, etc. The contract value of one index CFD equals the price quoted in the currency of the index. The broker offers the market fixed spreads between the buy and sell prices and no commissions.


– commodity cfds – gold, silver, oil, natural gas, etc. The contract value of one commodity CFD equals the price quoted in the currency of the commodity. For example, if gold cfds are trading at $1,200.50, then the value of one ounce gold CFD is $1,200.50.


XTrade assets


The xtrade offers various technical solutions and tools for better trading conditions, along with reduced costs by no commissions’ policy with only fixed spreads (e.G. Spreads between the buy and sell prices for EUR/USD 2-5 pips).


Proscons
fast digital deposits, including credit card, debit card, electronic wallet, paypalconditions may vary according to trading entity
no deposit fee
withdrawals free of charge

Forex fees


Xtrade trading fees are based on a xtrade spreads only strategy, with a fixed amount, means that traders’ costs included into a spread, which is the difference between the bid and the ask price of a financial instrument. To see the spread value for each product please refer to the table below that gives you a reference on a price model, however, check the most accurate data on the official xtrade website or platform.


However, the trader will have a better price offering from the xtrade broker as long as account size or type increases. Thus, the spread of the common EUR/USD pair is fixed to 5 pips in standard account, 3 pips in premium and platinum, 2 pips in VIP account.


Overall xtrade spreads considered to be a low spread offering among the market, for instance, check out and compare xtrade to etoro fees.


Trading fees of xtrade vs similar brokers

asset/ pairxtradefeesbdswiss feesavatrade fees
EUR USD0.6 pips1.5 pips1.3 pips
crude oil WTI1.563
gold102540
BTC/USD9520000.75%
inactivity feeyesyesyes
fee rankinglowhighaverage

XTrade Cryptocurrency


Swap fee


Keeping a position open after a specific hour (approximately 22:00GMT), subject trader to an xtrade funding premium fee or overnight fee that is subtracted from the trading account. This premium covers the cost of the associated funding and varies from the asset for another, e.G. Eur/usd fee for sell or buy is around 1.8.


Deposits and withdrawals


To deposit or withdraw the funds, the client has many options to choose from, yet, depending on the client’s location, which you can easily check through the official xtrade website.


Proscons
fast digital deposits, including credit card, debit card, electronic wallet, paypalconditions may vary according to trading entity
no deposit fee
withdrawals free of charge

Deposit options


The available methods include the following ones, so you can choose the most convenient one for you.



  • Credit/debit cards,

  • Bank transfers,

  • American express,

  • Paypal,

  • Skrill and many more common options.



There are no deposit or withdrawal fees charged to the client from the company,


What is the minimum deposit for xtrade?


The xtrade minimum deposit is 200$, yet you should calculate and cover necessary expenses since the variety of trading instruments offers different margins and spreads. E.G. To open a new position at equity, the account must exceed the trade’s initial margin level requirement. Also, xtrade occasionally runs promotions offering lower deposit threshold minimums.


XTrade Deposit methods


Withdrawal


Another pleasant addition, that xtrade withdrawal fee or deposit charge is 0$, means the broker covers transaction expenses, however, unless your own bank or payment method requires some performance charges.


Always note, that withdrawal shall be processed via the same method that the deposit was made. If you deposit via credit card, any withdrawal amounts will be returned to that credit card. Likewise, if a deposit is made via bank transfer, the withdrawals will be transferred back to your bank account.


Trading platforms


The xtrader platform range offers mainly an online-based proprietary software, as well as to stay trading with an industry leader metatrader4. However, the proprietary platform gained numerous rewards, from both industry professionals and the traders, thus you may try and then never leave xtrade platform.


Proscons
proprietary web trading platformnone
user friendly design and login
price alerts
MT4 offered as well
supporting many languages

Web platform


The platform does not require installation and offers a rich set of trading tools for optimal trading, as well enriched with market analysis and fast execution of orders.


Mobile trading


In order to never miss an opportunity, xtrade developed a powerful mobile platform that is available on ios, android and windows. The mobile platform is a customer-friendly and supported by alerts and professional charting tools.


Desktop platform


Overall, as a trader you will get access to real-time charting and almost all possible manipulations in the web platform or its applications, which is fully intuitive and easy to understand or perform even to the newbies, not considering professionals that will find the full capacity of very powerful features.


XTrade Platfrom


Customer support


Xtrade provides also multiple support that increases the trading experience and makes it a smooth process. You can reach out customer team through live chat, email or phone lines, also due to international coverage, there is multilingual support and centers that run 24/5.


Education


You are able to develop trading skills and strategies with professional trading tools, along with educational resources and daily market reviews, which makes it possible for beginners to join as well.


In addition, there is an economic calendar, analysis tools and news feed inbuilt into the platform, daily analysis video and other education support essential for everyday trading.


Proscons
education courses for different levels seminarsnone
exclusive education videos for premium and VIP clients
research and analysis tools
free demo account

XTrade education


Conclusion


After the xtrade review, the overall impression is that the broker brings stable and reliable conditions to trade. Their main offering mainstays on a fixed spread with no hidden fees, powerful online-based platform and comprehensive trading instruments variety.


As a regulated broker, the company does follow the strict rules of the client’s protection along with the funds’ security and safe trading environment. What is pleasing also, is that xtrade supports their traders by various means, from excellent support to 0$ fees on money transactions, as well as widely supported methods.


All in all, the xtrade is a choice to engage into trading with, while understanding what to expect and run to the potential outcomes from the trading available to traders of different size and level.


Nevertheless, we would be happy to hear your personal opinion which you may share in the comment area below.



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.


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


XTrade Platform


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 minimum deposit 2020 - account opening from 100 euros


The cypriot broker xtrade is characterized by its extensive range of underlyings and extremely intensive customer care. For example, if you want to contact support, you can do this around the clock in german. The website, background information and training courses are also completely in german.


Xtrade offers trading in cfds and forex. If you want to open an account with the broker, just have to make a small xtrade minimum deposit of EUR 100. Alternatively, you can also open a free demo account that can be used independently and independently.


The best xtrade alternatives


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The most important things at a glance:



  • Regulation by the cypriot cysec

  • Numerous training programs in german in the form of videos, webinars and e-books

  • 24 hours -online trading

  • Support is available 24/5 in german

  • Hundreds of underlyings for CFD trading

  • Cheap spreads from 1 pip

  • Minimum deposit from only 100 euros


The broker xtra en - 4 things that differentiate the provider from other brokers


The broker xtrade was founded in cyprus in 2013. Because the mediterranean state is a member of the EU, the same legal provisions apply to xtrade that german financial service providers must adhere to. The cypriot company cysec is responsible for regulation and supervision and is as strict as the german bafin.


(1) xtrade's range of services is extremely extensive. Traders can reach support both by email and by phone during the week 24 hours a day. During the usual opening hours of the stock exchange, there is always an employee available to answer questions. The most important thing: the contact does not have to be in english, but is entirely possible in german.


(2 ) xtrade offers its clients several hundred underlyings for trading with cfds. Thanks to the large selection, traders can spread their capital extremely broadly and thus achieve long-term more returns than many other brokers. The four asset classes in detail:




    1. Share





The product range is greatest in this category, which is of course also due to the fact that there are tens of thousands of shares on the world markets. Xtrade focuses primarily on large and well-known markets such as the USA or germany. However, 20 other countries have also been added to the product range. This gives traders the opportunity to also enter emerging markets such as china or brazil to operate.




    1. Indices





Traders also have one large selection of different markets. The indices mainly come from the USA, europe and asia. Again, the following applies: in addition to well-known and large stocks such as the dow jones or the DAX, there are underlyings from emerging markets on offer from xtrade




Classic forex trading is possible with three different types of currency pairs. On the one hand, traders can of course trade known major currency pairs. These include combinations of the euro, the US dollar, the japanese yen, the swiss franc and the british pound. However, these currencies can also be combined with other currencies. Then forex traders speak of minor currency pairs. The foreign exchange trading offer is rounded off by so-called exotics. These are currency pairs that consist of two less known currencies and are hardly in demand.




    1. Commodities





Commodity trading is extremely popular with CFD traders because the prices of gold, oil and the like are generally extremely volatile. Correspondingly good opportunities arise if traders correctly predict the direction of the price development. In addition to the classics mentioned, investors at xtrade can also trade agricultural products such as wheat or coffee.


(3) the xtrade training program is extremely extensive. Investors have the opportunity to use entire e-books for free to obtain. These guidelines are intended to help you get started with trading as well as beyond and to ensure high learning effects. In addition, free webinars are held at regular intervals. Broker employees or other proven experts give a lecture on a specific topic for one hour. The webinars - together with other videos - can then be viewed in an archive.


(4) trading at xtrade takes place via a specially developed trading platform of the next generation. It convinces with a high degree of user-friendliness, is individually adaptable and reliable in executing positions. In addition, traders can use numerous tools to analyze charts and current price developments.


Xtrade clearly stands out as a broker competition. Above all, the extensive range of underlyings ensures that traders can operate successfully on the financial markets in the long term. Finally, thanks to the different underlyings, a wide spread of capital is possible. But softer factors such as support are also convincing, so opening an account is generally recommended.


Now go to XTB and open an account


Cara deposit xtradechain terbaru!! Xtrade chain global 2019



The xtrade minimum deposit


If you want to use the advantages of the broker already mentioned, you have to open a trading account with xtrade. In the course of this, it is also necessary to make the xtrade minimum deposit. This is 100 euros, so that practically every trader can become a xtrade customer. Of course, higher deposit amounts are also possible, if this is desired by the investor. Basically, the following options are available for making the deposit:



  • Bank transfer

  • Paypal

  • Credit card

  • Neteller

  • Skrill

  • Paysafecard

  • Other online payment services



Above all, the option of many traders will appreciate being able to use paypal. Almost every investor now has an account with the well-known payment service, but only a few banks and brokers cooperate with the company. All payments via paypal are free of charge and, above all, arrive in the trading account within a few seconds.


The same statements also apply to other payment services. If you use this for the xtrade minimum deposit, you can also start trading immediately and do not have to pay any fees. These usually only arise if a credit card is used to transfer money. The reason for this is that the provider of the card charges a fee for transfers - and not xtrade. The bank transfer is absolutely free of charge, however, processing the deposit takes a few working days. This is due to international payment transactions, for the processing of which some additional checks and work steps on the part of the bank are necessary.


The xtrade minimum deposit is a favorable 100 euros. This way, every trader has the opportunity to open an account with the broker without having to pay equally large amounts to the account. A wide variety of means of payment are available to investors to make the deposit. For example, the online payment service paypal can be used so that the money arrives in your own trading account as quickly and inexpensively as possible.


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The xtrade demo account - the alternative to the minimum deposit


Even if the xtrade minimum deposit is only 100 euros, some traders will want to save the administrative effort for opening an account - provided they only want to test the broker first. Possible is when an xtrade demo account is opened.



  • Free use

  • Opening in two minutes

  • 30 days test phase

  • Real trading environment



The demo account is based entirely on the software that is also used for trading with real money. Traders even have the ability to access prices in real time. This means that the broker can really be subjected to a practical test.


A deposit of real capital is expressly not necessary to use the demo. Xtrade offers the demo account completely without obligation. Anyone who decides against opening an account after the 30-day test phase therefore does not have to actually cancel. The broker deletes the account and thus the data. The test phase in detail:



  1. Traders call the broker's website, where there is a button in the top right corner with the inscription "register". This opens another window in which traders can choose between a real trading account and the demo version.

  2. Traders enter an email address, a password and a desired user name to open the demo account. The data will be sent to the broker by clicking on "send".

  3. Traders should find a confirmation of opening the account in their own mailbox. To finalize this, click on the activation link. The demo is now fully usable.

  4. As mentioned, traders now have 30 days to get to know all facets of the broker and the trading platform.

  5. When the test phase is over, traders decide whether they want to want to open a real trading account. Then the xtrade minimum deposit of EUR 100 is due.



Xtrade offers its customers a free demo version. This makes it possible to extensively test the broker's service. Traders have a total of 30 days to familiarize themselves with the trading platform, for example. This test is also possible because the demo and live versions are no different. The same trading platform including real-time exchange rates is used for both accounts.


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No bonus for the xtrade minimum deposit


Xtrade does not offer new customers a bonus for opening a trading account, but potential bonuses should not be a deciding factor in deciding for or against a provider. Traders should primarily check whether the respective conditions and the trade offer are suitable for them.


However, those who do not want to forego a bonus will find what they are looking for at the broker avatrade.


It is well worth making more than just the xtrade minimum deposit. The broker does not have a bonus model, but the broker still has a lot to offer and convinces with fair conditions.


Open your XTB and account now


Low costs for trading at xtrade


In addition to the low minimum deposit for opening an account, there are other factors for opening an account with xtrade. One of the arguments for the broker is the possibility of being able to trade on favorable terms. The following points apply to CFD trading at xtrade:




    • Spreads





The broker only settles the complete trading fees using the spread. In contrast to other providers, there is no need to collect commissions. This makes cost management extremely easy for the trader because the spread is always displayed transparently.




    • Premium





Additional costs are only incurred if positions are opened after 22:00 GMT. In the "details" screen of the trading platform, xtrade then prompts the customer to pay a certain premium. This is intended to cover the costs of financing the position overnight. This bonus is also quite common with other brokers.




    • Inactivity





The administration of accounts cost xtrade money. However, these costs will not be passed on to active traders, but will be offset transparently as part of the spread. Only those who have not opened any positions for more than 3 months will have to pay a small inactivity fee. This is $ 5 per month and is automatically deducted from the account. It is therefore advisable to delete your own trading account in the event of prolonged activity.


The costs for the spread therefore include all the services that xtrade offers. Both account management, discussions with support or the use of the training offer are possible free of charge.


Anyone trading at xtrade benefits from the low costs for trading. The company only uses the spread, i.E. The difference between the purchase and sale price of a position. The corresponding value is displayed transparently at all times so that investors can carry out effective cost management. Additional fees are only charged in special cases if positions are held overnight or the trader is inactive for 3 months. Xtrade, on the other hand, does not charge any fees for using the service offer or simply managing the account.


Conclusion: low xtrade minimum deposit, high service quality


The account opening with xtrade is already possible from an amount of only 100 euros. Traders can deposit the money into their account, for example, by bank transfer, credit card or paypal. It is then possible to trade hundreds of underlyings from a total of four different asset classes. It is not only the size of the product range that is convincing, but also the low costs for the trade. The spread is calculated exclusively via the spread and not via an additional commission. If you still want to test the broker's service without obligation, you can open a free demo account. No xtrade minimum deposit is due for this.



Xtrade review


Xtrade is a well-established broker since 2010. Xtrade has a headquarter in cyprus. It is are generally well-suited for xtrade to provide their forex/CFD trading services to global clients.


This broker has also been regulated by ASIC 342628, cysec 108/10, IFSC (belize) IFSC/60/383/TS/15 and NAFD (russia) A. Simple yet detailed information upon this broker can be seen below.


Company information


Regulation
ASIC 342628
cysec 108/10
IFSC (belize) IFSC/60/383/TS/15
NAFD (russia) A


Features


Trading by telephone


Account information


This broker offers standard. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by xtrade is up to 1:400. Meanwhile, you can open an account with a starting capital of $100


If you want to look for further information about this broker's offered account(s), please take a look at the list below.


Minimum deposit $100


Minimum position 0.01 lot


Browser-based platform


Instruments traded


Besides lots of currency pair, xtrade also offers some instruments you would like to trade on, such as forex, stocks, indexes and cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Cryptocurrencies
1:10


Payment methods


Cashu : if you live in the middle east, cashu is one of the most popular online payment services there. Cashu is a digital wallet that allows clients to pay or transfer money online instantly and offer users its own pre-paid mastercard with no absolutely additional fees attached. Introduced in july 2002, cashu has targeted the middle east and north african markets where it serves close to 2.3 million customers. This is the reason why many of the forex brokers that are expanding in the north african and middle east market accept cashu as one of their payment methods.


Neteller : like paypal, neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept neteller as a payment method for their clients' fund deposit and withdrawal. Although the neteller system is available almost all over the world, it remains particularly popular in europe.


QIWI : qiwi is an e-wallet or electronic payment service provider from rusia that is introduced in 2007. The service is mainly used by individuals and businesses in russia, ukraine, kazakhstan, moldova, belarus, romania, the US, and the UAE.


Skrill : mostly, all forex brokers provide skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a skrill e-wallet account.


Webmoney : webmoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept webmoney today. Like other online payment services today, webmoney is supported by mobile applications to make transactions more efficient.


Wire transfer : wire transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.


Xtrade also provides payment with credit/debit cards, giropay, paysafecard, SOFORT, unionpay and yandex.Money


Trading platforms


Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.


Hereby, xtrade offers you xtrade platform.


Customer support


Do you have any question or find any trouble related to xtrade? If you do, you should reach xtrade's support to get the information that you need. Here is the detail of the broker's customer support:


Extensive review


Operating as an online cfds broker since 2010, xtrade europe ltd. Is a part of xtrade group and provides trading in FX and cfds as offersfx.Eu. Previously known as xtrade.Eu, this broker is regulated by the cyprus securities and exchange commission (cysec) with license number 108/10.


Therefore, it is subject to the regulatory requirements of the markets in financial instruments directive (mifid II). For traders outside of europe, xtrade is managed by xtrade international ltd., a belize-based entity that is licensed by the international financial services commission in belize.


As offersfx, xtrade europe ltd. Accentuates its rich options of trading assets for clients. From forex to cryptocurrencies, offersfx manages to offer them all. The broker also presents interesting alternatives like shares, etfs, and bonds. This alone has opened opportunities to traders and investors from various markets.


Several attributes claimed as their distinctive advantages including strong financial resources, quick and efficient withdrawal process, cutting-edge platform technology, and worldwide customer support.


Following xtrade international's offering, xtrade europe does not provide trading with the highly popular metatrader platform. This broker has its proprietary platform that enables traders to access the market via web-trader with a rich set of features and trading tools to ensure an optimized trading experience. Said platform is not only available on the desktop, but also in mobile app and tablets.


Trading conditions are not explained thoroughly, as the broker does not offer selectable account types. Forex trading is presented with fixed spread from 2-5 pips with no commission.


There are no clear details of information on the maximum leverage and minimum deposit. However, xtrade europe ltd. Mentions explicitly that there are premium charges for overnight trading positions.


There are no fees charged for deposit and withdrawal, and traders can choose between bank transfer, credit card, paypal, skrill, and neteller as the payment method.


However, it is important to acknowledge that there is an inactivity fee of up to $50 per month if a trader somehow neglects their trading account in offersfx for 3 months. Also, there is a dormant maintenance fee up to $100 per month for accounts that have been inactive for one year or more.


For all of the assets provided to traders, offersfx does not exactly equip them with profound education materials. There are explanations dedicated to each trading instrument, but the broker has no further contents to educate traders about online trading in various markets.


To sum up, xtrade europe ltd. Is a cysec-regulated broker with many trading instruments to offer. It is a distinctive company in the way it offers fixed spread as the sole trading commissions to traders and does not comply with mass preference in the metatrader platform.


Unfortunately, xtrade europe ltd. Is not too great on transparency and information sharing, as well as charges a quite big amount of fees for inactive accounts. Well, at least the broker states that it does not require deposit and withdrawal commissions.



Xtrade review – get access to the best platform and tools for trading


Xtrade has been serving traders for more than a decade and it has remained committed to providing them with access to different financial markets.


Xtrade review


Do you want to trade in the forex market? It could be that you are interested in CFD trading. There is no doubt that trading has become a popular activity, especially amongst people who are looking for a way to earn some passive income. The fact that it is profitable and easy to begin also works in its favor. The problem is that many people are not able to move forward because they get stuck at the first step i.E. The choice of a broker. You need a broker because they are your bridge to the market, but the issue is that there are too many brokers offering their services.


These options can be confusing and many people end up choosing unreliable brokers that turn out to be scams. You need a legitimate and trustworthy broker if you have any hopes of succeeding in the trading world and this is where xtrade comes in. It is regarded as a leading global CFD and forex broker as well as financial institution. The company has been operating in the market for more than a decade and has helped traders in different parts of the world. Xtrade provides its clients with direct access to a wide array of financial markets, which include forex, crypto, commodities, stocks, etfs, options and cfds.



During its time in the market, xtrade has offered its services to some of the most renowned traders all over the globe and has facilitated them by providing a secure and safe trading environment. Let’s check out this broker and its services in detail:


Background


As stated earlier, xtrade has been serving traders for more than a decade and it has remained committed to providing them with access to different financial markets. The reason it is regarded as a unique trading platform is because of the services it is offering to its client base. If you check out most of the leading brokerages, you will discover that they are available for maximum 6 days of the week, but this is not the case with xtrade. This broker provides traders with access every single day of the week. They also have a round the clock customer support department for helping out traders whenever they come across problems with their accounts.


Thus, xtrade has become a favorite of traders because of its availability and the great services they offer. Even though it is not available in some jurisdictions, it allows traders from most of the countries in the world to access hundreds of financial instruments from their platform. In the past decade, the broker has handled transactions worth billions of dollars.


Scam or legitimate?


When you are trading in the market, you should first know the regulatory status of a broker before you sign up with them. When you trade with legitimate brokerage firms, you will enjoy peace of mind because you will know that your funds are secure and your personal data is safe. It is a legitimate brokerage firm that has been associated with some of the big names in the world. Since xtrade has years of experience under its belt, the company knows exactly how to simplify the trading process to make it easy for their clients to trade different financial assets.


When it comes to xtrade, you can rest assured that it is a regulated company because this firm is regulated and authorized by the international financial services commission (IFSC). Since it is a regulated company, xtrade is required the follow the international policies that are followed in financial markets, which include the know your customer (KYC) and AML (anti-money laundering) regulations. These policies are followed by xtrade in order to maintain 100% transparency and to play its role in curbing crimes in the financial world. They have also made significant effort to ensure that all data and funds kept on their platform are kept safely.



With the AML and KYC policies in place, it is easier to eliminate some common problems faced by traders, such as identity theft, terrorism funding, money laundering and more. It is also helpful in keeping user funds safe as well as the personal information they share with the brokerage. Xtrade has a team of highly efficient and professional individuals who are constantly working to grant users a regulated and safe trading environment. When it comes to making transactions like deposits and withdrawals, even these procedures come with top notch security measures.


Moreover, you will find an easy-to-understand and comprehensive terms and conditions page on xtrade. The company has mentioned everything pertaining to its business in a straightforward manner, which means you can find out everything you need to know before you sign up with the broker. They also have a great regard for the privacy of their clients, which means they don’t share your data with any third-party. All information that’s shared with xtrade will remain private and confidential, in accordance with their privacy policies.


Regulation and safety of funds on xtrade


As stated earlier, xtrade is a fully regulated brokerage firm, which has implemented the KYC and AML policies. Under these policies, traders who sign up with this broker are required to verify their identity and residence before they can access certain features. When it comes to security of funds that are deposited by clients, a robust security system has been implemented, which allows xtrade to protect them from hackers and other shady elements. Segregated client accounts are maintained by the broker for ensuring that client assets and company assets are kept separate.


This allows traders free access to their money whenever they want. Furthermore, xtrade use international financial institutions for their banking needs, which means that reputable EU credit institutions safeguard client funds. As far as data security is concerned, even here the highest encryption standards have been implemented and strong firewalls are also in place for keeping out hackers and other cyber-criminals that may try to gain access to the system.


Account options available on xtrade


One of the best things about xtrade is that the broker lets you enjoy a complete trading experience. The trading account options provided by the broker cover customers from different classes and reliable services are offered under every account type for the convenience of the traders. Nonetheless, there are some differences that do exist between the account types. Let’s see what they have to offer:



  • Standard



The first account option that you will find on xtrade is the standard account option, which requires a minimum deposit of $250. Mobile and desktop trading are supported under this account option. If you choose this account option, you will have the facility of accessing a demo account, an economic calendar that keeps you updated on the latest events in the market and 24/7 customer support that can reached through several channels. You will also be able to take advantage of daily video market reviews that can make it easier for traders to understand what is happening in the market and to use that information for making informed decisions. In addition, users of standard account also get a 1-on-1 platform lesson, where they can learn more about trading.



  • Premium



The minimum deposit amount for this account is higher as you have to pay $1,000 for it. If you choose to open this account with xtrade, you will be able to enjoy a variety of features. Desktop and mobile trading options are available here as well as are daily market reviews, demo accounts and economic calendar. All features of the standard account can be used in the premium account, but this is not where the offerings stop. When you go with this account, you will also receive a welcome bonus, which can be cash or credit, depending on what you prefer. Other than that, you also get the autochartist market reports, alerts and forecasts.


These can provide you with further insights into the market and how you can take advantage of the movements that take place. When you open the premium account on xtrade, you also get another major benefit; you can get access to the metatrader 4 platform, which comes with a wide array of trading tools and other resources. Every user is provided with a dedicated account manager for helping them make trading decisions and they can also gain access to educational e-books and video tutorials.



  • Platinum



Moving on with the account options, you can go with the platinum account, which asks for a deposit of $5,000. There are a plethora of features that are offered to traders through this account type, which include all of those available in standard and premium accounts. But, the offerings don’t end there. Other than the exclusive welcome bonus, a VIP bonus is also provided, again with the option of cash or credit. However, the most prominent feature of this account type is that the spreads on trades are reduced significantly. A VIP dedicated senior account or trading support manager is assigned to every trader with this account who can be very helpful.



  • VIP



The last account option that you will find on xtrade is referred to as the VIP account, which requires a minimum deposit of $20,000. One of the biggest advantages of this account type is that VIP account holders are given priority when it comes to payment processing. Apart from that, they can also get access to individual trading strategies and customer support. It should also be noted that VIP traders are given corporate gifts that are exclusive to them only.



No matter which account type you go with on xtrade, you will be able to enjoy some essential services, such as fast order execution, 24/7 customer support, a streamlined payment system and more. It is also worth saying that the account opening procedure is extremely simple and easy. It doesn’t take up a lot of time and you don’t have to deal with a lot of paperwork to register yourself.


Trading conditions on xtrade


You need to know the trading conditions of a broker before you choose to use their services. If you don’t like them, there is no point in going through the hassle of opening an account. The highest leverage that xtrade has to offer is 1:400 and it is not possible to change the default leverage ratio. As far as the minimum trading lot is concerned, you can lower it by getting in touch with customer service. No transaction fee is charged for making deposits or withdrawals on xtrade, which is undoubtedly a benefit because it reduces your cost of trading. However, a processing fee may be charged by the financial institution you plan to use for these deposits and withdrawal.


Xtrade does charge some other fees that you need to know. There is a premium fee, a spread fee and there is also an inactivity fee, which becomes applicable if your account is left dormant for three months. Depending on what account you open with xtrade, the broker supports both variable and fixed spreads. The spreads reduce as you move up the account ladder due to which a lot of traders prefer to opt for the platinum or VIP accounts because it gives them lower spreads as compared to those opening the other account types. Thus, you need to give some thought to your spread preference when you are choosing an account type.


Deposits and withdrawal options on xtrade


Xtrade has simplified the payment process to make it easy for traders to deposit funds or to withdraw them when needed. If you want to add funds to your account on xtrade, there are a few simple steps you need to follow. First, you have to go to their website and log into your account. You need to access the dashboard and click on the ‘deposit’ option provided. The next step is to select the payment method you prefer to use. Next, you need to enter the amount you wish to deposit and then submit the application. It will take a few minutes for the funds to appear in your account. If you choose bank wire transfers, you should know that it could take a day for the funds to be reflected in your account.


If you want to know what payment methods are supported on xtrade, you will be pleased to know that a variety of payment options are available. Some of them include:



  • E-wallets



You can use electronic wallets, such as skrill and neteller, for making payments on xtrade. As mentioned earlier, the broker will not take any transaction charges, but these services may deduct their own charges from you. Usually, this method provides you with funds instantly, whether you are depositing or withdrawing.



  • Credit/debit cards



Xtrade also accepts credit and debit cards because it is the most common payment method that’s used by traders all over the world. The transactions made via this method are approved almost immediately. Again, no charges are deducted by the broker, but the card itself may have a fee associated with it.



  • Bank wire transfers



If you are trading from a region where debit or credit cards cannot be used, bank wire transfers are an excellent option. This method is highly secure; the only downside is that it takes at least 2 to 5 business days for the transactions to be reflected in your account.


When you want to withdraw funds from your xtrade account, there are similar steps that you need to follow. Instead of clicking on the deposit button this time, you have to click on the ‘withdraw’ button. Fill out the form that will be provided to you. You have to wait for the withdrawal request to be approved and then your account will be credited with the amount.


All of this sounds very straightforward, but there is one important thing you need to know; your account needs to be verified for you to be able to withdraw funds from xtrade. This verification is essential on xtrade, as it is required by the KYC and AML regulations. The purpose is to verify that you are really the owner of the account and to safeguard your data and funds. How do you get verified? There are some documents that have to be submitted.



  • Proof of identification



The documents that you can submit for proving your identity include national ID card, international passport or a driver’s license. You should ensure that the documents you are submitting are valid and the information on them matches with what you have provided on your xtrade account.



  • Proof of address



For verifying your address, the documents that you can submit on xtrade include bank account statement or a utility bill, which include be gas, electricity, water, oil, phone or internet. All documents that you submit have to be recent and not older than three months. They should contain all your necessary details and should be clear.


You should bear in mind that if you don’t verify your account, you will not be able to conduct some transactions, such as funds withdrawal. Moreover, this verification process is perfectly normal amongst all leading regulated brokers in the industry.


Trading platform on xtrade


When it comes to the trading platform that this broker has to offer, you will be pleased to know that it provides support for web trader as well as the meta trader 4 platform. The former is the most popular one on xtrade because you don’t have to perform any downloads or installations for using it. Furthermore, it is compatible with almost every browser, which includes mobile devices. Also, there are several important features that webtrader has to offer to traders like market news and analysis, demo accounts, economic calendar, price charts and more.


Nevertheless, the most popular trading platform in the industry is the metatrader 4, which is renowned because of the various features it offers. It is a highly secure platform and boasts a number of tools, such as financial calendar, market news, market analysis, live price chart, expert advisors, educational resources and dedicated account managers. But, the MT4 is only offered to traders who sign up for a higher account type on xtrade.


The mobile app offered by xtrade is available for both ios and android users. It is extremely convenient because it allows traders to access their accounts easily and carry out their transactions on the go. You will find that all platforms offered by xtrade have a smooth interface, which makes it very easy for every user to navigate.



Educational resources on xtrade


Different educational materials have been made available to traders on xtrade. If you want to stay ahead in the crypto space or any other financial market, you need to be aware of the latest trends. To make this happen, xtrade provides a ton of tutorials to its user-base. Amongst the educational resources the broker is offering, you will find video tutorials, e-books, blogs and a glossary. The content is available for both new and experienced traders and it can help them in learning new trading techniques.


In terms of other resources, xtrade has also added a plethora of trading tools to its platform. No matter which trading platform you are using with the broker, you can use the economic calendar, daily market news, price charts, live currency rates, market analysis and some others. All of these can help you in making better trading decisions.


Customer service on xtrade


One of the prominent things about xtrade is that they have one of the best customer support teams in the entire industry. They are available 24/6 and willing to attend to customers’ needs throughout the day. They can be reached easily through the live chat feature, phone call or email. Their agents are friendly and highly professional and they try their level best to resolve your challenge as quickly as possible.


Conclusion


Xtrade is offering some of the best features in the market with a good set of trading instruments at your disposal. It is well-regulated and one of the most reliable brokerages to use for making your mark.





So, let's see, what was the most valuable thing of this article: unbiased xtrade review updated in 2021: read the facts you must know before you open a xtrade broker account for online trading. At xtrade minimum deposit

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