XTrade Europe Ltd

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
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.