XTRADE REVIEW | BACKGROUND
XTrade is an international provider of Contact for Differences (CFDs) owned and operated by OCM Holdings Ltd. The company was founded in 2015 and provides Forex, Indices, Shares and Commodities trading through its CFD service. The company operates on the CFDs market for many years and already established a reputation of one of the safest and the most stable companies on the market.
XTRADE REVIEW | REGULATIONS
XTrade is regulated by CySEC under the license no. 108|10 and is a licensed investment firm compliant with the Markets in Financial Instruments Directive (MiFID). This regulation program, provided by CySEC, offers maximum safety and as well as a secured trading environment. XTrade also has a branch in Italy which is registered by CONSOB (Commissione Nazionale Per Le Societa’ e La Borsa). XTrade is ASIC regulated, owned by O.C.M. Online Capital Markets Pty Ltd under the law of the Australia, Licence No: 343628. Strict compliance rules cover both the financial transactions of XTrade and the protection of any personal data provided by the customers. The transactions on the company’s site are fully protected by SSL.
XTRADE REVIEW | ACCOUNT TYPES
XTrade offers a Standard and a Premium account.
XTRADE REVIEW | ASSETS TRADED
XTrade offers over 180 instruments containing currencies, metals, energies, indices, and shares through its CFD service.
XTRADE REVIEW | LEVERAGE
XTrade provides varying leverage for different instruments. These are: Forex 1:400, Share 1:200, Commodities 1:200, and Indices 1:200.
XTRADE REVIEW | RELIABLE PLATFORM
The company’s platform is simple to use and fully customized to fit the trading needs of millions of traders worldwide. In addition to the regular online trading platform, XTrade also offers a mobile trading platform. The users can trade anytime and anywhere using their mobile phone, which is a definite advantage for many traders.
XTRADE REVIEW | DEPOSITS AND WITHDRAWALS
There is a wide selection of secure payment methods such as Visa, MasterCard, Skrill, PayPal, WebMoney, Boleto, Neteller, and Wire Transfer.
XTRADE REVIEW | DEMO ACCOUNT
XTrade offers a demo account, where new clients can try out and test the platform and market conditions. You can trade using virtual money in real market like conditions. There is no limit for trading with demo account.
XTRADE REVIEW | COMMISSION AND SPREAD
Unlike other service providers who charge a commission on each trade, XTrade does not charge a commission. Spreads apply to a Standard Account Type. VIP Accounts can receive customized spreads. Read more
XTRADE REVIEW | CUSTOMER SUPPORT
The customer support service is available for 24/6 through telephone, email or live chat. The staff is efficient and friendly; queries are usually answered within a few hours. XTrade offers its customers a wide range of educational materials. These materials include comprehensive video lessons, training sessions with expert traders, personal account management, trading alerts and many other resources. In addition, XTrade also offers a free trading guide. It is available for a free download after registration.
XTRADE REVIEW | BONUS
XTrade has a customized bonus system known as the XPOINTS, a client receives points each time he/she trades an instrument. These points can be converted into bonuses at a later time. Other general bonuses include: a phone verification bonus, a first deposit bonus and an account verification bonus.
XTRADE REVIEW | VERDICT
With a low minimum deposit of $100, Xtrade has made it extremely affordable to trade the financial markets. If you are looking for a trust-worthy fully regulated broker then give XTrade a try. You will have over 180 instruments to trade while receiving nice bonuses on your deposits. The registration process is simple and quick while the customer support team is eager to guide you on your journey. Above all, you will easily find accessible educational tools such as glossary, charts, and a demo account to get you trading confidently. Advantages such as wide range of trading assets, free demo account, fast execution of trades, good welcome bonuses and a variety of active promotions for new traders put this broker in top. Other noticeable features include risk management tools such as adjusting leverage ratio, guaranteed stop, and close at profit, price alerts, and trailing stop. These and other available tools help you manage your risk significantly. But enough has been said, try it for yourself now!