Xtrade Review Is It A Safe Broker Or Scam 2021 Update

Another reason for me to join this broker, the reason I learned from Xtrade reviews, was no withdrawal fees. I often withdraw money and this fact helps me to save money because I don’t sacrifice a part of my gains when withdrawing money with this broker. I trade major currency pairs and ETFs with this broker.

Luckily i was able to track and recover my funds thanks to fightingscams at AOL dot com. I strongly recommend them to other victims going thru similar situations. Together we can uncover the truth and save millions of other people. I am also happy with the customer service, I went there last week with a question, they helped me and put me at ease. All brokers are similar in some way, but nevertheless, there is a big difference between them. Some brokers trade on the trader’s side and some are just trying to line their own pockets.

It confirms the lack of functionality of the proprietary Xtrade WebTrader, together with the misleading marketing that continues to label it as a next-generation trading platform. The proprietary trading platform, Xtrade WebTrader, is the only one offered at this broker. While Xtrade introduces it as a next-generation trading platform, it lacks core functionality, including support for automated trading solutions, as it only serves manual traders. Xtrade also fails to introduce its trading features. It makes bold claims inspired by marketing efforts but does not provide details. A one-page trading platform introduction only shows a clean user-interface.

Does Xtrade have fees?

It is free. Xtrade does not charge any registration fee.

THe Xpoint bonus system offered by the XTrade brokerage is a kind of a cashback. THe more trading volume I place, the more points I get and the more funds I return from the brokerage commissions at the end of the day. This is a very cool bonus system as it allows me to save a lot of funds.

Fees, Limits, And Payment Options On Pepperstone

Therefore, all you will have to consider for trading is the broker’s spread. Finally, I think that a broker has to deliver fresh analysis and actual market updates for its clients. I can’t say i did’t have any experience at all when I started trading here. Yet, neither I am a professional market participant.

Now I can say that I trade them as often as cross pairs. I should stress that I never bother myself with fundamentals when trading ETFs because I try to make things simpler. I have already proven that just relying on technical analysis would be enough in ETF trading. What characterizes their trading platform is that the web version works equally well with the desktop version.

We comparedXTrade fees, spread & commission from its live account to over 150 brokers, required time for deposit & withdrawal and many more findings all in this review. Before that I tried to trade with different brokers, but I was not satisfied with something. Here I found exactly what I was looking for so long. At first I opened a demo account and got to know their proprietary web trader trading platform. I liked this trading platform for its speed of execution of orders and intuitive interface. I can say that it took me no more than an hour to get to grips with the trading platform.

Can I buy and sell stock the next day?

Traders who buy and sell a stock on the same day any more than four times in a period of five business days in a margin account (which uses borrowed capital from the broker) are referred to as pattern day traders (PDTs). … Investors can avoid this rule by buying at the end of the day and selling the next day.

Their terms admit that losses may exceed your deposit amount. Only UK and EU clients are guaranteed negative balance protection. Pepperstone doesn’t limit deposits, except for Paypal, Neteller, and Skrill which have a max deposit limit of 50,000 of your base currency .

Xtrade Minimum Deposit

Because of the high volatility of crypto, crypto CFD spreads are more variable than other kinds of instruments. There is very little info on the Pepperstone globex360 minimum deposit website about crypto CFD spreads for this reason. Generally, instruments based on less volatile assets allow you to take more leverage.

XTrade provides variable spreads, but the most typical ones are between 0.3 and 0.6 pips. You are allowed to hedge and to use the trailing stop feature, as well as to have pending orders and automated trades. The margin call level is 30% and if you are up to some more advanced trading approach, try scalping, because XTrade has that option. Also, make trades with foreign currencies, indices and Bitcoin deals. It has an enormous learning centre for people with poor skills and knowledge in trading field.

Xtrade Forex Broker Broker Review

Read on to learn everything you need to know about Pepperstone in 2022 before you sign up. Xtrade lists an extensive selection of payment options, but most countries remain limited to bank wires and credit/debit cards. The logos of a series of online payment processors exist on the website, but no further information is available. No country on the payment selection page shows them as a choice. Given that, it remains unclear what funding or withdrawal options clients can actually use. Xtrade does not charge deposit or withdrawal fees, but third-party costs may apply.

You want a forex broker you can trust to handle your funds and your trades so that you can get the best possible outcom… The company received two awards in 2016, one for the best mobile platform from FX Empire and one for best customer support from AtoZ Forex. This proves that xtrade.com is intended to offers the best trading services to their clients. Then I decided to narrow down the sample and go to one particular broker. In general I have been trading for a long time and I thought that nothing could surprise me, because I had much experience. But when I started trading with Xtrade I was really surprised, even though I’ve read good reviews about them before.

How does XTrade work?

Xtrade offer both fixed and variable spreads depending on the account type used. Spreads reduce as the account type go higher. The broker does not charge any deposit or withdrawal fees and neither does it charge commissions.

The XTrade customers get also free advices from premier specialists, experts in online trading. Trainings for traders are the essential part of the services provided by company. XTrade provides the customers with the regular support via chats, e-mail and telephone. The customer support is available 24/7 in many languages, including English, Arabic, Spanish and many others.

While this broker remains compliant with its sole regulator and has a clean track record, more transparency is necessary to improve trust. Xtrade does not specify its auditors, nor does it voluntarily publish order execution statistics. Each trader needs to assess if what Xtrade offers is sufficient to trust this broker with their deposits, personal information, and trading accounts.

How To Report A Scam Against Xtrade

Those taking their first steps into forex or CFD trading should look for more user-friendly interfaces. You have to manage your profile, payment methods, and platforms in the secure client area of their website. The bonus features like their library of educational tools and the social trading platform are not available except on the desktop website. A currency or forex trading platform is a type of trading platform used to help currency traders with forex trading analysis and trade execution. Xtrade provides 24/5 customer service via phone, e-mail, and live chat. The FAQ section attempts to answer basic questions, and a glossary is also available.

xtrade scam

I other words, trading is a hobby for me and my level of understanding the details of the market and its participants is corresponding. Through one Xtrade single account you are able to trade across multiple devices that make no difference between the traders. At the beginning, the trader can always try out the risk-free environment through Demo-account opening.

I have been sharpening all my skills and strategies on a demo account. I also like that the broker has a video on daily market analysis and financial news section. For beginners I can recommend to take a course, it helped me a lot when I was building my trading strategy. There are also video tutorials here for those who like to practice at their own pace.

Featured Forex Broker

A first deposit bonus of between 30% and 60% will depend on the initial deposit amount; for example, a minimum deposit of $2,000 qualifies for a 60% bonus. Phone verification results in a $20 cash bonus; in addition, Xtrade will provide clients with one free trade. how to buy waves coin If the first trade results in a loss, Xtrade will reimburse the loss, up to $500. Completing the mandatory account verification process unlocks an additional 20% deposit bonus; limited to $1,000, it will be credited within 48 hours of the initial deposit.

So everybody who is just recently interested in Forex – come here. Xtrade is a professional in this business, it can be seen by the reviews. You can download the Xtrade mobile app for iPhone or Android.

Reituca Marketing Ltd, a Cypriot-registered international business company , processes all Xtrade International Ltd payments. Xtrade provides a large number of those services that I need because I am a Forex beginner. I don’t want to be exposed to panic, but at the same time I never forget about the necessity of being cautious all the time. You can either deposit funds in fiat money or directly in cryptocurrencies. To do so, click the icon on the top right corner, select “Deposit” and follow the instructions. The seller asks to be paid via international money orders, checks, direct bank wires or cryptocurrency and will not accept any other form of secure payment.

You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. For instance, some brokers do not offer the normal two-point to three-point spread in the EUR/USD but spreads of seven pips or more. Xtrade does publish some financial news content on a daily basis; however, the content is quite brief and fails to provide usable trading signals.

xtrade scam

Chargebacks only apply to credit and debit card deposits. They cannot be used to recover profits or deposits made by other methods. They often fail to recover deposits even in cases of obvious fraud. Creating a https://cryptominer.services/ new account just for praising company lead to suspicious activity. I would suggest sharing some evidence or you can share a link of the thread with one of your account managers to take a look about the issue.

This Year I Joined Three New Brokers

XTrade is exceptional when it comes to funding your account. They offer a wide variety of payment options on their website, these include Visa/Mastercard, and over 60 other methods of payment. They make it very easy to find what methods of deposit are available with their country drop down menu. Many of the options of deposit are geared towards their South American clientele. However XTrade.com is not covered under this regulation.

xtrade scam

I received a welcome deposit bonus and increased my possibilities for trading. After some time, I calculated the amount of money that I was able to save on broker’s commissions after I received XPoints, and came to a conclusion that the profitability of my performance jumped. So it’s good to trade with a broker that understands the needs of a trader. In sum, the company XTradeis a stable, strong and reliable company, which is its superior to many other companies. This company meets the high level service standards.

The education center at Xtrade features video tutorials on how to use the trading platform. Xtrade notes several features in the register and interface video, which it fails to mention elsewhere on the website. As such, it remains unclear what exactly remains available after this broker implemented changes.

In addition to the above, the website states that withdrawal requests can take up to five business days, or in extreme cases, up to 3 weeks! That kind of policy could be considered a scam even if XTrade wasn’t a proven scam broker. This is also something you won’t find on your average XTrade review. XTrade is an offshore Forex Broker that offers Forex and CFD trading services.

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