Xtrade broker - Xtrade.com Forex Broker Review

In the fiercely competitive world of online, retail trading all existing and potential traders should attach great importance to choosing the right broker to trade through, not least because the industry is often plagued by crooks and scammers. To have confidence in your choice of broker then, you need to sign up with true professionals, brokers that are properly regulated and have a proven untarnished track record in the industry.

Around since 2010, with a solid international presence and holding valid regulatory licenses both in the EU and outside, XTrade appears as a very trustworthy choice for non-US traders and pledges to stand true to its principles for offering trading with loyalty, innovation and integrity.

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Let us delve deeper into the offering of this broker to see why they deserve a chance to become your broker of choice if you are thinking of jumping on the online retail trading bandwagon:

The platform

As an innovative international financial services provider XTrade has developed its own proprietary trading platform that can easily claim to have set the standard for traders at every level. Xtrade caters for both traditional desktop as well as mobile trading. For the former, users can trade via the user friendly WebTrader platform which is based on the popular MetaTrader 4 and it is fully web-based, thus requiring no downloads and working well with all web browsers.

For those wishing to trade on the go, XTrade also offers three dedicated applications for trading on all smartphones and tablets, one for iPhones and iPads, one for Android devices and one for Windows phone, all of which are highly rated and popular on app stores. All platform types are easily navigated, providing easy and swift execution of trades and are packed with all sorts of useful added tools and features that make the overall trading experience much more enjoyable and potentially lucrative.

Trading instruments

Contracts for Difference (CFDs) that can be traded on the XTrade platforms span from forex pairs, to shares, indices and commodities, thus covering the entire assets spectrum and offering clients the chance to choose what best suits their own investment portfolio. In terms of forex trading, there is a very comprehensive list of all the major and minor currency pairs as well as large number of exotic combinations, while trading on virtual currencies is also available. What is best about XTrade is that here the trading is straightforward and there are no hidden charges or fees, since the broker uses fixed spreads on its Forex trades, unlike the common practice of other providers who charge a commission on each trade.

If they decide to trade stocks, XTrade customers can choose CFDs on the largest global markets, such as the USA, Germany, Spain, France and many more. When trading stocks via the XTrade platforms one can set automated limits on each trade and also use the dedicated platform tools to automatically close their positions when the set price has been reached.

When it comes to indices trading XTrade clients can choose between several stock index CFDs from around the world, such as the S&P 500, Dow Jones, NASDAQ, GER 30, and JPN 225. A leverage of 1:200 is possible and there are no commissions charged,while the constantly upgraded real time graphs of the index rates make trading these markets a breeze.

Finally, the traded commodities list is also extensive featuring Gold, Oil, Silver and more. Here again, leverage of 1:200 is provided.

Accounts

There are two account types available for XTrade customers: the Standard account, which requires a minimum deposit of $100 and the Premium account which requires a minimum deposit of $1000. Moreover, XTrade customers can benefit from the free practice account which is available for all traders and it is a very good method both for newbies who want to get the hang of trading, as well as for more seasoned traders who want to try out new strategies without putting real funds at risk. Furthermore, loyal customers can also become an XTrade VIP and enjoy an array of additional perks, such as a personal account manager, more training sessions, discounts on spreads, dedicated promotions and bonuses, as well as valuable gifts.

XTrade also follows a very generous and rewarding bonuses policy with several exclusive offers and promotions running at any given time, as well as unique welcome pack for first time customers which includes a first deposit bonus and other cash bonuses.

Education

The professional traders behind XTrade have truly gone out of their way to provide as much education and training opportunities for their customers, whatever their trader level is. They have built a truly superb education center, which is packed with useful information, such as an extensive range of trading guides and video tutorials, which cover a vast array of topics that can be both useful and interesting to traders. Moreover, the education center provides access to and explanation for XTrade’s trading and charting tools that clients can benefit from to improve their trading and also features a useful financial calendar tracking all major upcoming market events and a newsletter that contains market news and analysis.

Deposits/Withdrawals

At XTrade customers are truly spoiled for choice regarding the deposit and withdrawal methods that are accepted, although these are also dependent on the currency of the account and the client’s country of origin. In a nutshell however, the available methods include all major debit and credit cards, bank wires as well as plethora of electronic payment methods and e-wallets such as Skrill, WebMoney, Qiwi, Sofort, UnionPay, CashU and many others, including localized options for clients in different countries. Obviously, withdrawals can be made using the same methods. Xtrade provides a safe and secure environment where all transactions are executing using encryption and other methods in order to ensure that all client data is duly protected. Depositing and requesting a withdrawal are easy and fast to do, while the customer service team is always available to offer assistance if required. When it comes to withdrawals these are processed timely and efficiently, but you must keep in mind that if you have opened positions, you will not be able to withdraw your entire Available Balance, since a minimum amount is needed to maintain a Maintenance Margin.

Customer Support

Reflecting its massive global reach the XTrade website is available in a whopping number of 38 different languages making it really convenient for customers all over the world to trade in the comfort of their one language. Similarly, customer support is also mutli-lingual and customer service offices are available for guidance and support 24 hours a day, 6 days a week. The response is always prompt, polite and efficient and the customer service team can be reached either via live chat, email, phone or fax.

Conclusion

XTrade is a true pioneer and a recognized innovative international provider for CFDs offering trading facilities of the highest quality on Shares, Commodities, Forex, and Indices and relying on one of the world’s leading trading platforms. Combined with their customer-centric approach, professionalism, integrity and respect to clients and their needs, this broker can safely be argued to be a sure bet if you are looking to start trading online. So, try them out and let us know what you think.