Overview
Having read countless Xtrade reviews, I am unsure if I should trust the company. It seems that there are many reasons to be skeptical. Some people have lost all of their money with the company, and I’d like to find out the truth about this controversial brokerage. Here’s a Xtrade review that will help you decide whether or not to trust the broker. Listed below are the benefits and downsides of trading with Xtrade.
While it’s important to understand that investing online is just as risky as investing offline, XTrade has many great factors and conditions. The XTrade platform itself has many positive reviews and is easy to use.
Xtrade Review: Features of Xtrade
Users don’t need to download anything to begin trading, which is a big plus. Likewise, XTrade’s website is available in a variety of languages, making it easy for customers to use.
Another good feature of XTrade is the award-winning trading platform. Many other brokerages offer similar features, but XTrade’s website has more extras. A fully-populated economic calendar and news stream, free webinars, and a YouTube channel give users plenty of information about how to use the site. They also provide several calculator tools, including Pivot, Fibonacci, and deal size calculations. These are great features for new traders, as they can easily learn how to trade without having to learn all the complicated technical terms.
The XTrade website is easy to use and the platform itself is very simple. There are no downloads needed to start trading, so even beginners can get started. Moreover, the platform has some positive aspects, especially the free educational courses and free demos. The website is available in multiple languages, so it can be used in a variety of settings. In addition, it is highly recommended that you sign up for an account if you’re a new trader.
The XTrade website also mentions an investor compensation fund. This fund helps traders recover losses that occur during the trading process. The XTrade blog contains a comprehensive list of Xtrade reviews. Besides a user’s satisfaction, a positive Ytrade review will help them to make their decision. Aside from the benefits, the Xtrade website is safe and secure. In addition to the investor compensation fund, the XTrade site is also regulated by CySEC.
Dedicated Customer support
XTrade is a good choice for those who are new to the market. The customer support team is responsive and knowledgeable, and the website is easy to use. Its platform is easy to navigate. Moreover, the minimum deposit amount depends on the type of account. The standard account has a minimum deposit of $250, whereas a premium account has a minimum of $1000. A VIP account requires a deposit of $200 and the VIP account has a minimum deposit of $500.
XTrade is regulated by CySEC, a commission responsible for financial transactions. This license gives Xtrade the ability to participate legally in the financial trading market. Furthermore, it also provides educational materials for users, which is essential for the successful trading experience. As far as the quality of services, this broker is worth looking at. It has a host of tools for both novices and advanced investors. You can use a range of different tools, and even hedge your trades.
Unlike other platforms, XTrade doesn’t charge any fees for deposits or withdrawals. In addition to offering fixed spreads, it also doesn’t charge any commissions. Despite this, there are still a few disadvantages. First of all, XTrade isn’t regulated, which means that they are prone to fraud. As a result, XTrade’s fees are higher than the average for other brokerages.
Limitation of XTrade
XTrade’s account types are limited. The only exception is the free account type, which allows you to choose from several different account types. The free account type doesn’t offer many features, and you’ll be limited to only one currency pair, which is a downside. Withdrawals are often slow and can be difficult to cancel. If you’re a beginner, XTrade’s platform is designed for people with little knowledge of the forex industry.
Closing Notes
Xtrade’s trading platform provides a number of tools for traders. Its economic calendar keeps you up to date on market events. Xtrade also offers price charts and access to live currency rates. The trading platform is also easy to use and requires minimal training. This means that you can start trading as soon as you have access to the internet. If you don’t have the time to do so, Xtrade may not be for you.
