Background
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.
Protection & Security
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.
Global Presence
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.
Account Types
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
Deposits & Withdrawals
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.
Trading Platforms
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.
Markets & Products
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.
Edcuation Center
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.
Customer Service
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.
Promotions & Offers
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.
Trading Tools & Research
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.
Overall Summary
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 & Cons
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
Xtrade
Protection & Security
★★★★★ 5/5
Global Presence
★★★★★ 5/5
Account Types
★★★★★ 5/5
Deposits & Withdrawals
★★★★★ 5/5
Trading Platforms
★★★★★ 4/5
Markets & Products
★★★★★ 4.5/5
Edcuation Center
★★★★★ 5/5
Customer Service
★★★★★ 5/5
Promotions & Offers
★★★★★ 4/5
Trading Tools & Reaserch
★★★★★ 5/5
Minimum Deposit - $250
Recent Comments
John C.
November 17, 2020 08:00
5.0
Protection & Security
5.0
Deposit & Withdrawal
5.0
Trading Platform
5.0
Markets & Products
5.0
Education & Research
5.0
Customer Service
5.0
it’s not the first time I heard about Forex & CFD, But wasn’t really confident if it’s the right moment for me. Eventually, I made the decision and started dealing on the market and I can say that I never stopped. I must say it’s one of the clever things I’ve done since the COVID-19 pandemic started, and I also believe that I chose the most suitable broker to trade with. I wish I could start earlier with online trading.
Pros
Cons
Over 40 languages - that's massive!
Not the best bonuses
Really good choice of assets
I sometimes miss having MT4
Fast withdrawals and deposits
I want BTC as a payment option
Mike J.
November 17, 2020 08:00
5.0
Protection & Security
5.0
Deposit & Withdrawal
5.0
Trading Platform
5.0
Markets & Products
5.0
Education & Research
5.0
Customer Service
5.0
I read that there’s a huge potential in trading with Cryptocurrencies online, but I never had the confidence nor the patience to do it. After so many broker’s searches I made, I decided it’s time to make a decision. It took me less than 5 hours to double my initial investment, not to mention the great customer support I’ve received when I had a question regarding the withdrawal proccess.
Pros
Cons
Xtrade is amazing for cryptos
I was less impressed by the mobile app
Top quality customer service
More calculators might be useful
The platform is 100% geared to trading
Can't find any more cons
Alex E.
November 17, 2020 08:00
5.0
Protection & Security
5.0
Deposit & Withdrawal
5.0
Trading Platform
5.0
Markets & Products
5.0
Education & Research
5.0
Customer Service
5.0
My dream for years was “Financial freedom”.
It was something I heard from some of my close friends for more than 2 years. When I asked them “What about my Financial Freedom”, they simply said, “Start trade online”. Well, that’s when I knew it’s my time to change my life. I opened the most basic trading account and started trading commodities. That was in July of 2018. We are now in January of 2021, and I have only one thing to say: Always follow your dream.
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