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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


43 customer reviews

4.5 out of 5 stars
  • From 4 to 5
    33
  • From 3 to 4
    10
  • From 2 to 3
    0
  • From 1 to 2
    0
  • From 0 to 1
    0
  • Platform - Performance, Usability
    90%
  • Pricing - Spreads, Fees
    91%
  • Features - API, News Service
    90%
  • Support - Fund Options, Integrity
    94%
Public Review
1 rating
4 helpful voted.
Training and practice
1 year 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
4 of 4 people found the following review helpful
  • Tracy Lazor 6 months ago.
    I am aware that there are numerous ways this past week's internet investment and scamming may have gone awry. I was in the exact same boat when I invested in an imitation binary option and lost $963,000, but with the intervention of Cp-investigation (.)   com I was able to retrieve my money . They helped me get my stolen money back. Though they were recommended to me by a buddy whom I highly trust, at first I didn't trust them. Within some days, I was able to receive my money . I highly appreciate CP company .
  • Louis Derambure 1 year ago
    Is it possible to learn to trade on a demo account only without reading any materials?
    • Bruno Briones 1 year ago
      You know there are two categories of traders:

      1) Traders who belong to the first one piously believe in power of demo trading. They are convinced that practicing always prevails over learning theory and they advise all traders to trading on demo without any learning materials.
      2) Traders who belong to the second one think that trading on demo is just an additional thing for your primary learning activity. They believe that traders should always be interested in reading articles, watching courses, learning theory and combine everything with demo trading.

      You should decide which category is closer to you and then you will get an answer to your question.
Public Review
1 rating
2 helpful voted.
Fine one
1 year ago
Broker Review - Overall
A nice place to trade. Broker is very realiable and have a nice regulation pack of authoritative financial institutions. That means a lot nowadays, so you can sleep well and not worry about your funds.
Broker Advantages
Good regulation of the broker, handy trading platform, and a nice amount of tradable assets
Broker Disadvantages
Official website sometimes is a bit slow
Overall Trading Experience
1 year live + 2 months demo
Trading Experience with this Broker
4 months
  • Platform - Performance, Usability
    80%
  • 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
  • Tracy Lazor 6 months ago.
    I am aware that there are numerous ways this past week's internet investment and scamming may have gone awry. I was in the exact same boat when I invested in an imitation binary option and lost $963,000, but with the intervention of Cp-investigation (.)   com I was able to retrieve my money . They helped me get my stolen money back. Though they were recommended to me by a buddy whom I highly trust, at first I didn't trust them. Within some days, I was able to receive my money . I highly appreciate CP company .
  • Kenneth Thomas 1 year ago
    In my opinion, the broker has the only one downside – the design of its website is not so good, but it’s just the matter of taste. The rest is very good and it’s the main thing.
Public Review
1 rating
8 helpful voted.
Good broker
1 year ago
Broker Review - Overall
Well, I can't state that this company is an outstanding but it certainly has its fan base. I was convinced in it when I opened real account and deposited money. The platform is super smooth, even despite the fact that it's an ordinary WebTrader by Xtrade. No MetaTrader, no cTrader and other famous platforms. That's why I was pleasantly surprised.
By the way, I faced no slippages at all, it's crucial.
Broker Advantages
well-developed learning center with interesting courses and articles
Broker Disadvantages
haven't found flaws at all
Overall Trading Experience
2 years of live trading + 3 months of demo
Trading Experience with this Broker
5 months of live trading + 5 days on demo
  • Platform - Performance, Usability
    100%
  • Pricing - Spreads, Fees
    90%
  • Features - API, News Service
    80%
  • Support - Fund Options, Integrity
    100%
Show more
8 of 8 people found the following review helpful
  • Vittorio V. 1 year ago
    I’m actually not bothered by the Xtrade platform at all. Or I must say I’m not bothered by the absence of metatrader or cTrader or any other trading platform. Because xTrade platform is kinda good. I don’t know, I think I got used to it very very fast. Moreover I find it even more convenient than all of the mentioned platforms.

    It has indicators, charting tools, an informative economic calendar where you can read about the news in details. And it is a web version, which means I can use it everywhere outside my house. So I’m totally satisfied with it.
Public Review
2 ratings
2 comment(s).
8 helpful voted.
This is my obligation to share review
13 days ago.
Broker Review - Overall
I see sharing review as my obligation, cuz I help others to understand whether this or that broker is worth trading with it or not.
Xtrade for me is a solid option and I'mma explain why.
Firstly, it has big variety of assets from high-risk ones like equities or cryptos, to low-risk like ETFs and bonds. One can easily build a good strategy where risks will be mitigated.
Secondly, trading terms are cool too. Leverage varies according to the asset group and maximum which I saw was 1:400 when I got into GBP/JPY position.
Thirdly, platform surprisingly showed itself in its best light. Fast, no delays with execution, tons of instruments.
Broker Advantages
a. Many instruments, i.e. assets, tools for tech, analysis etc.
b. Rapid response from the platform
Broker Disadvantages
Maybe... Client support doesn't always respond timely
Overall Trading Experience
2 months demo + 1 month live
Trading Experience with this Broker
1 month demo + a couple of weeks live
  • Platform - Performance, Usability
    80%
  • Pricing - Spreads, Fees
    80%
  • Features - API, News Service
    100%
  • Support - Fund Options, Integrity
    80%
Show more
0 of 0 people found the following review helpful
  • Oskar Holm 7 days ago.
    That is very kind of you to think that it is your obligation to leave reviews behind for others. ANd yeah, the trading conditions of xtrade are very good. In fact, some of the most competitive.
Public Review
1 rating
Transparent and reliable broker
7 months ago.
Broker Review - Overall
I love their transparent and simple website, which was just an introduction to what should I expect from their trading platform.

Broker Advantages
No trading fees
Broker Disadvantages
Only their proprietary trading app is available
Overall Trading Experience
2 years
Trading Experience with this Broker
1 year
  • Platform - Performance, Usability
    100%
  • Pricing - Spreads, Fees
    100%
  • Features - API, News Service
    80%
  • Support - Fund Options, Integrity
    80%
Show more
0 of 0 people found the following review helpful
  • Erik Gustafsson 7 months ago.
    A simple and fast trading platform is the one that traders are looking out for today. Even though they only offer their proprietary trading app, I don’t see this as a disadvantage. On the contrary, they succeed in creating almost perfect trading apps. Fast and stable. Simple and intuitive. And powerful as well, equipped with all the popular charts and analytical tools. So yeah, I would put their custom platform in the advantage section.

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