Xtrade is a veteran online brokerage with a good reputation among traders. It has a growing index of more than 1,500 assets and delivers highly competitive trading conditions. With almost two decades experience, Xtrade understands traders’ needs and provides superb customer service, top level Comodo SSL security, a flawlessly designed trading platform and easy account management. The overall trading experience is good enough to qualify Xtrade as one of the world’s leading brokers – at least for the average trader.
Xtrade is one of the most experienced registered brokers in the forex industry. They understand online security and have no trouble keeping their traders safe. All accounts are segregated and the site is protected by the best SSL security protocols. Xtrade also has a strong privacy policy and customer service.
Xtrade is genuinely international with clients from across the world and a strong corporate presence in the UK, EU and Australia. The brokerage operates in almost 40 languages.
Traders have a choice of account types and can open a basic account with just $200. It takes just a few minutes to get started and all traders have the option of a free demo account.
Minimum Deposit – $250
There are over 40 languages available at Xtrade and we only tested the English language account management system. Deposits and withdrawals were fast, simple and there were no excessive fees or unfair charges. Xtrade accepts a wide range of payment providers including Skrill, Neteller and many others.
Deposit
Deposits are quick and convenient and incoming funds are processed as quickly as the chosen payment method allows. Customer service are on hand if there are any difficulties.
Withdrawals
Withdrawals are also simple and straightforward. Xtrade will process your withdrawal on the same day (weekends excluded) but your payment provider may take a few more business days. Credit/debit cards are recommended for speed. There are no hidden fees at Xtrade.
Xtrade uses Webtrader, as well as well designed mobile and Tablet platforms. The platforms deliver a user friendly and flexible trading experience that is enhanced by a range of signals, alerts, charts and other trading tools. There are enough extra features to satisfy even professional traders.
Xtrade focuses on providing CFD traders with the very best assets drawn from forex, cryptos, stocks, commodities, indices, bonds and ETFs. The asset index is quickly updated whenever new assets appear on the markets. All assets are offered with real time pricing.
New traders can get a fast start with Xtrade’s online education center. There is a range of professionally designed ebooks, VOD film tutorials, a trader’s blog, courses and a useful glossary for quick reference. More advanced traders will find plenty of resources for developing sophisticated trading strategies.
Xtrade apparently manages to deliver full customer service in almost 40 languages – which is a major achievement. We tried out the English speaking reps – they were available 24/6 by phone, chat and email and were helpful and efficient.
XTrade isn’t the best site for bonuses and promotions. Their welcome offers are average, as are special deals for holidays and market events. Where they are stronger is on account upgrades, reduced trading costs and VIP conditions. It’s worth asking your account manager for free upgrades.
Xtrade has an excellent demo account which contains all the charts signals and other research and analysis tools. All traders have access to economic indicators, signals, live charts, news feeds, market updates and more. Technical and fundamental analysis are simplified by the top quality tools on offer at Xtrade.
PLUS:
Xtrade is a well established registered broker with an impressive range of assets and a sophisticated Webtrader platform. Customer service is good, security is excellent and the broker welcomes traders from pretty much everywhere in the world – with almost 40 languages available. Xtrade is ideal for all experience levels and budgets.
MINUS:
US and Canadian traders are excluded for regulatory reasons. The broker doesn’t use MT4 – although most traders are happy with Webtrader.
Pros
Well established and experienced
User friendly platform
Fast and fair withdrawals
Excellent range of assets
Cons
Could add more payment methods on some regions
Excludes US and Canadian traders
Bonuses are basic
Minimum Deposit - $250
November 17, 2020 08:00
November 17, 2020 08:00
November 17, 2020 08:00
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