A Trader’s Guide to the XTrade Forex Broker
XTrade is a well known Forex broker, headquartered in Limassol, Cyprus and regulated by CySec. This broker is operated by XFR Financial Ltd and is accessible to traders worldwide. Investors from over 140 countries across the globe can access the XTrade trading platform in order to invest in foreign currencies, commodities, indices and stocks. XTrade offer their clients a range of impressive services like segregated clients’ funds, next-generation online CFD trading platform, multi – language, currency and payment methods and more. The XTrade trading process is easy to access, with no fees, hidden charges or commissions on any transaction. There are leverages available of up to 1:400, and this allows investors to enjoy a better rate of return on investments.
|BROKER REVIEW||MIN SPREAD||MIN DEPOSIT||VISIT BROKER|
|FROM 0 PIPS||$5||TRADE NOW|
|FROM 0.9 PIPS||$100||TRADE NOW|
|FROM 2 PIPS||$100||TRADE NOW|
|FROM 0.1 PIPS||$100||TRADE NOW|
|FROM 2 PIPS||$100||TRADE NOW|
|FROM 1.5 PIPS||$100||TRADE NOW|
|FROM 1.3 PIPS||$100||TRADE NOW|
|FROM 2.2 PIPS||$100||TRADE NOW|
|FROM 2.6 PIPS||$250||TRADE NOW|
Account Types and Trading Platform Offered by XTrade
XTrade do not have multiple trading platform options like many of their competitors, but instead only offer one high quality option. Their MetaTrader 4 trading platform is popular throughout the Forex industry because of its ease of access, flexibility and speed. It is suitable for use by both advanced investors and those who are just starting out on their journey into Forex trading. One of the biggest advantages of the MT4 platform is that there is no need to download any software to a PC or laptop and therefore it saves memory while being faster and more responsive. The XTrade platform can also be accessed through smartphones or other mobile devices, making it a perfect platform for anyone who prefers to trade while they are on the go. XTrade take pride in offering their investors an excellent range of educational resources in order to help newcomers to the markets gain a foothold and an improved understanding of strategies. Their informative tutorials and articles cover a wide range of topics and give a good grounding in Forex trading. The XTrade Forex broker has a choice of 2 account types for its investors.
The XTrade Standard Account
Designed to accommodate the needs of novice investors and those who are at an early stage in their trading experience, the Standard account only requires holders to deposit a minimum sum of $100 making it within easy reach of beginners who are not yet ready to commit large sums. This account is a great way for newcomers to develop their trading strategies and skills.
The XTrade Premium Account
Aimed at more experienced and professional investors, the Premium account gives its holders a great selection of features and VIP benefits such as improved spreads.
Free Demonstration Account
Although not a live account, the XTrade demo account offers potential investors an excellent opportunity to get to grips with their trading platform and to try out a range of new strategies before committing any funds to a Standard or Premium trading account.
XTrade’s Customer Service and Payment Methods
It is very important to investors to be able to easily deposit money into their trading account, and even more important to be able to withdraw their profits with ease and via a method that suits their needs. XTrade have taken this on board, offering their clients around 40 different methods by which funds can be placed into a trading account including all of the most popular traditional options such as debit cards, credit cards and bank wire transfers, and a good range of contemporary e-Wallet methods such as SOFORT, Skrill, WebMoney, CashU and UnionPay. The minimum amount which can be deposited into an account is $100. Withdrawals are also easy to action once the investor has ensured that all relevant documentation has been submitted for scrutiny as per requirements. Any withdrawal must be made through the same method as the deposit was placed. XTrade offer five different currencies in which accounts can be opened including Canadian Dollars, US Dollars, Swiss Francs, Euros and Japenese Yen.
XTrade are also aware of how important a strong customer support team is, and their customer service centre is open 24 hours over six days a week. The team are able to respond to queries effectively and rapidly, dealing with a wide range of issues and topics. The staff are multi-lingual, speaking six different languages, which makes it easy to get understandable information. The website can also be accessed in 16 languages. There are three different ways in which the support team can be contacted for the convenience of traders. These include email addresses, a telephone helpline and the useful online live chat facility which is accessed through the homepage.
Investors who choose XTrade as their broker of choice can enjoy many benefits, not the least of which being a reliable and reputable regulated brokerage service. Both experienced and novice traders are welcome with this broker, which offers plenty of customer service contact methods and ways to pay into trading accounts to suit the varying needs of all kinds of investors. There are also a loyalty scheme to persuade traders to make this their preferred broker.