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Review

Xtrade: Leader of the Pack

Xtrade is a large and recognizable name in the finance industry. This well-rounded and able broker provides an authentic service. Xtrade was established in the year 2010 and currently holds their headquarters in Limassol, Cyprus. It currently is licensed by the Cyprus Securities and Exchanges Commission (CySEC).


Unique Platform and Trading Accounts

Xtrade operates its own exclusive and proprietary platforms to assist their clients in their transaction needs. The Web Trader is a no download platform available for Netscape, Opera, Internet Explorer and Chrome. The Xtrade app has a professional trading functionality with a simplistic user friendly outface. The system requires iOS 6.0 or later. Compatible with iPhone, iPad, and iPod touch. Both platforms guarantee a user-friendly experience for traders.

Xtrade offers two types of accounts. One is a standard account that has a minimum deposit of 100 dollars. This has no commissions for deposits and the leverage is usually up to 1:400* (Remember that leverage can work both for you as well as against you and should be cautious when using it). There is also a premium account that was designed for expert traders. The minimum deposit for this one is 1000 dollars. This is uniquely customizable, there’s also a demo account** (Demo account is subject to minimum deposit) that can be used should users want to familiarize themselves first.


XTrade’s Exclusive Features

Users have more than 300 asset choices, which include 51 currency pairs, 12 indices, 74 stocks and 13 commodities. Traders are guaranteed quick and efficient deposits and withdrawals. Users can choose to use wire transfer, payment alternatives, e-wallets, debit cards and credit cards. Second, the spreads and leverages available are rather attractive. Average leverage is 400:1* for currency pairs, 20:1* for stocks and 200:1* for commodities (Remember that leverage can work both for you as well as against you and should be cautious when using it).


XTrade’s Educational Center

Xtrade offers a complete training centre, where new and current clients access educational tools to learn about the financial markets. The program aims to teach fundamentals and concepts of online trading through live webinars, how to videos, trading assessment testing and other resources.


Bonuses and Promotions

Xtrade provides many competitive bonuses*** for clients. The most enticing and chief amongst them is Xtrade‘s Unique Welcome Package***, where new clients depending on the deposit receive a First Deposit Bonus*** of up to $6000. Additionally, there is a Phone verification bonus, meaning that if you verify your phone you will receive a free $20 CASH bonus***. Another bonus is called “First Trade on Us”***, under which Xtrade will refund your loss of up to $120***, while through the Account Verification Bonus***, verifying your Account will get you a free $30 CASH bonus***. (All Bonuses are Subject to Terms and Conditions https://static.xtrade.com/documents/bonuses-and-promotions.pdf)


Conclusion:

With all of the advantages and benefits that Xtrade provide, it’s in competition as one of the best brokers in the planet. For beginner’s, it is adamant that they explore what Xtrade can do for their careers in the finance industry.

Conclusion:

* Remember that leverage can work both for you as well as against you and should be cautious when using it.

** Demo account is subject to minimum deposit.

*** All Bonuses are Subject to Terms and Conditions https://static.xtrade.com/documents/bonuses-and-promotions.pdf


Accounts

Mini Account: NO Minimum Deposit ($US): -
Standard Account: YES Minimum Deposit ($US): $100
ECN Account: YES Minimum Deposit ($US): $1000
VIP Account: YES Minimum Deposit ($US): $5000
Base account Currencies offered: USD

Leverage

-
400/1
400/1
400/1
   

Lot Size

- Increments: -
0.01 -
0.01 -
0.01 -
       

Payment Options

Deposit Options: Wire Transfer, Bank Card, CashU, UnionPay, GiroPay, MonetaRU, Neteller, Paysafecard, Qiwi, Skrill, Sofort, Webmoney, etc (40 in Total)
Withdrawal Options: Credit Card, Debit Card and Wire Transfer
   

Products

---
CFDs
CFDs
CFDs
   

Spread & Commission

Commission: NO Account: -
-    
Variable Accounts: Standard, ECN and VIP
-    
3.0    
3.0 and less    
3.0 and less    
       

VIP Benefits

Premium Trading Conditions For VIP Clients Both Retail And Institutional: YES
Lower pip per trade, better bonuses etc…
Our trading platform is user friendly and easy-to-use for all traders.
   

Trading Terms

NO
NO Mirror Trading Providers: -
YES
YES
NO
Webtrader
GMT
4 Digits
Execution: Market execution Accounts: -
-
-
-
YES
YES
YES
YES
YES
YES
51 Exotic Pairs Included: +  
Both
YES
YES
NO
NO
NO
NO
NO
NO
YES
NO
YES
NO
NO
YES
YES
YES
CPA and Revenue Share
http://www.xtradeaffiliates.com/
-
             

**** All Bonuses are Subject to Terms and Conditions https://static.xtrade.com/documents/bonuses-and-promotions.pdf


10 customer reviews

4.7 out of 5 stars
  • From 4 to 5
    8
  • From 3 to 4
    2
  • From 2 to 3
    0
  • From 1 to 2
    0
  • From 0 to 1
    0
  • Platform - Performance, Usability
    94%
  • Pricing - Spreads, Fees
    88%
  • Features - API, News Service
    94%
  • Support - Fund Options, Integrity
    98%
Public Review
1 rating
Training and practice
27 days ago.
Broker Review - Overall
Despite fact that I have been trading on Xtrade broker platform for a long time, sometimes I search on web for reviews about my broker. I have read a lot of Xtrade reviews over all my trading time. And I want to say that almost none of them describes how broker takes care of new traders.
For me, trading education is not relevant, but this information can be helpful for beginners. So, broker offers excellent opportunities for customers to learn how to trade and not lose deposits due to unknowing trading. Company's website has separate section which is dedicated to training. In my opinion, this section contains enough useful information to teach beginner trading basics.
In this regard, I would like to advise Xtrade customers new to trading in financial markets. Before you start trading, study all training materials on broker's website carefully. They will be helpful in future.
Broker Advantages
Excellent trading conditions and training materials
Broker Disadvantages
I did not notice any disadvantages
Overall Trading Experience
About 2 years
Trading Experience with this Broker
About 1 year
  • Platform - Performance, Usability
    100%
  • Pricing - Spreads, Fees
    80%
  • Features - API, News Service
    100%
  • Support - Fund Options, Integrity
    100%
Show more
0 of 0 people found the following review helpful
  • Louis Derambure 5 days ago.
    Is it possible to learn to trade on a demo account only without reading any materials?
Public Review
1 rating
2 helpful voted.
Broker for everyone
2 months ago.
Broker Review - Overall
This is my first and only broker! Forever!
Broker Advantages
QUALITY
Broker Disadvantages
-
Overall Trading Experience
2 Year Live + 6 Month Demo
Trading Experience with this Broker
2 Year Live + 6 Month Demo
  • Platform - Performance, Usability
    100%
  • Pricing - Spreads, Fees
    100%
  • Features - API, News Service
    100%
  • Support - Fund Options, Integrity
    100%
Show more
2 of 2 people found the following review helpful
Public Review
1 rating
1 helpful voted.
My frank opinion.
3 months ago.
Broker Review - Overall
Their platform is okayish, I have been trading for more than three months, but still it is not very simple, you need to devote enough time to understand everything.
Broker Advantages
Low fees.
Broker Disadvantages
Just only one platform.
Overall Trading Experience
About a year and a half to date.
Trading Experience with this Broker
For about four months.
  • Platform - Performance, Usability
    80%
  • Pricing - Spreads, Fees
    100%
  • Features - API, News Service
    80%
  • Support - Fund Options, Integrity
    80%
Show more
1 of 1 people found the following review helpful
Public Review
1 rating
Spread
14 days ago.
Broker Review - Overall
I was surprised when found out that for every transaction broker gets commission in form of spread. It didn't seem right to me. That's why I wrote to support service. Everything was explained to me in detail.
I compared spreads of Xtrade with those of other brokers and realized that Xtrade had smaller spreads than most other brokers. This is really nice.
Broker Advantages
Customer service is excellent. Convenient trading platform.
Broker Disadvantages
I don't like spreads. Even such tight ones as this broker's.
Overall Trading Experience
two and half months
Trading Experience with this Broker
two and half months
  • Platform - Performance, Usability
    80%
  • Pricing - Spreads, Fees
    70%
  • Features - API, News Service
    80%
  • Support - Fund Options, Integrity
    100%
Show more
0 of 0 people found the following review helpful
Public Review
1 rating
The power in support
18 days ago.
Broker Review - Overall
I think that customer support can make or break a company, especially in the financial markets. The support on Xtrade is magnificent, which is one reason I use the broker.
Broker Advantages
,,,
Broker Disadvantages
...
Overall Trading Experience
2 years 5 months
Trading Experience with this Broker
1 year 1 month
  • Platform - Performance, Usability
    90%
  • Pricing - Spreads, Fees
    90%
  • Features - API, News Service
    100%
  • Support - Fund Options, Integrity
    100%
Show more
0 of 0 people found the following review helpful

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