Broker Review: Xtrade

Xtrade

Commissions & Fees

Offering of Investments

Customer Service

License & Regulation

Account Types

Platforms

Trader Tools

Mobile Trading

Education

Features

5/5
4.5/5
4.5/5
5/5
4.2/5
5/5
5/5
4.2/5
4.8/5
4.8/5

Name

Xtrade

Licensing and Regulation

Xtrade is licensed and regulated by the Cyprus Securities and Exchange Comission (CySec), the Australian Securities and Investments Comission (ASIC) & by MifID (Markets in Financial Instruments Directive)

Global Presence

Xtarde is a world-renowned CFDs and Forex broker headquartered in Cyprus and serving clients from over 140 countries.

Account Management - Minimum Deposit

New traders at Xtrade can open a trading account with just $200.

Investor Security

Xtrade meets the stringest regulatory conditions dictated by CySEC, ASIC and MifID, while implementing the highest security measures. Doing so guarantees that this broker takes investor security and privacy very seriously. On top of that, all platform activity and user accounts are fully protected against cyber crime and identity theft.

Xtrade Overview

Xtrade is a veteran online brokerage known for offering trading services on currency pairs, indices, commodities, stocks, cryptocurrencies and more. With an index of more than 1,400 assets tradable as CFDs, it provides highly competitive trading conditions to its clients, while continuing to attract and retain a growing number of loyal clients across the globe. The usability of the website and its ease of navigation for traders is very convenient and simple to operate. Through its 16 years of operation, this broker continued focus on delivering a comprehensive trading experience and driving down investment costs has led it to the very top of this industry.

Trading Platforms

Offering the advantage of fixed spreads in its trading platform, Xtrade let’s traders know exactly what fees will be charged from day one. On top of that, exceeding its rivals in terms of technical sophistication and user experience, the Xtrade trading platform is accessible anywhere, anytime, and on any device, offering a rich set of features and trading tools to ensure a smooth and optimized operation. With no download required to use it, it speedily executes deals and orders, fully meeting trader’s expectations, while offering complete customization and flexibility.

Markets, Assets and Products

Xtrade connects traders to all the major financial markets through an all-inclusive asset index. With the reputation this broker achieved along the years, Xtrade continues to regularly update it with brand-new assets as soon as they become available for trading. Being a veteran financial institution allows it to target all types of investors who are looking for a direct access to the world of CFDs trading.

Trader Education

The education center at Xtrade consists of video tutorials relating to all Forex and CFDs topics, including technical and fundamental aspects. It seems as if Xtrade invested quite a lot of time and effort on making sure that its traders will become knowledgeble and experienced about their actual trading. The glossary adds a general understanding of the basic terms used in the field, while the blog adds an additional dimension to the entire educational experience. All in all, although it lacks webinars and e-books, there are still plenty of other professionally produced resources for all types of traders.

Customer Service and Support

Xtrade understands the actual need in high-quality live support and customer service at all times. Traders are able to contact the team 24 hours, 5 days a week and regardless if they are looking for live chat, direct phone call or email, there are plenty of options.

Advanced Features

On top of the advanced trading tools and platform features this broker offers, Xtrade offers a free demo account for practicing online trading. Account managers can also address queries and guide traders through trading education, system familiarization and set up.

At a Glance

PLUS: Xtrade is fully licensed and regulated broker (CySEC, ASIC, MifID). It allows new traders to open a trading account with as little as $200 and the actual trading takes place only on its proprietary platform. This broker is among the veterans in the industry, and has been in business long enough to build a very solid reputation for itself. Considered as a well-established online brokerage, all types of traders can expect to find seamless trading experience combined with a vast selection of extra resources.

MINUS: Xtrade doesn’t accept US and Canadian traders due to regulatory issues.