Tired from commissions that are taken from every trade you make? Read XTrade Review and see that there is always something better waiting for you than your current broker. Read full XTrade Review to find out all what it can offer!
Leverage: 1:400 Regulation: CySEC
Min. Deposit: 100 USD Bonus: 20$
Spreads: from 2 pips US Clients: No
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XTrade Broker at a Glance
XTrade Forex Broker is not one of the newcomers to the FX Brokers market. It has been servicing the clients for quite a long time. It is owned by XTrade Europe Ltd., the company with headquarters in Cyprus. As you can guess, it has CySEC regulations.
Also, one of the most important facts about XTrade Forex broker is that it was one of the first brokerages that started to offer CFD trading. So, if you trade mainly CFDs, you should definitely check out this broker!
XTrade Trading Accounts
XTrade Forex Broker offers you such types of accounts:
Your account type will be defined by the deposit that you make. There is always a room for a discussion with your account manager.
XTrade Reviews of Trading Platforms
Even though there is a ton of different Forex Trading Platforms, some brokers still take time to develop their own. This is the case of XTrade Forex Broker. They decided not to use any available Forex Trading Software and develop something own and unique.
Good thing about this platform is that it is web-based, so no software download and no headache are waiting for you. But, as you would expect, the platform does not offer as much indicators as some of the software-based platforms do. In case you do CFD trading most of the time, this platform will certainly be enough for you.
This Forex Broker did not forget about mobile trading as well. Their platform can be downloaded to your mobile phone if you are on iOS, Android or Windows mobile. So, almost any smartphone and tablet that exists now can be used by you for trading with XTrade broker. Software is comfortable and none would suspect it to be laggy, so if you are into trading from your gadget, it certainly can be your choice.
XTrade Review of Deposits and Withdrawals
Having high variety of deposit and withdrawal methods is crucial for good Forex broker. And XTrade meets our expectations in this area. You can fund your account via standard cards and wire transfers, but when it comes to internet payments, you get much more. There are over 10 different online payment systems available at XTrade Broker and you will certainly find the one that fits you.
But, be aware, that any payment should be made from the account with the same name. So if you decide to fund your account through somebody else’s credit card, it would not be a good idea. It is done for AML purposes and most of the brokers use this restriction, so there is nothing bad in it.
As for withdrawals, most of the time, the funds you have deposited will be available for withdrawal via same payment system. But when it comes to profits, you will have to use wire transfer. Once again, it is a security measure.
XTrade Forex Client Support
The team that created XTrade Review is always concerned about good customer support. This is why we spent time figuring out how can you contact XTrade Forex Broker in case you need to. As a rule of good brokers, you can use live chat and email contact. Both of them are available in 14 languages, including Turkish, English, Russian and Polish.
But, if you do not have access to the Internet, but you need to clarify something with this broker, you can also use their phone number. Telephone support can be spoken to in more than 30 languages, so there are almost no chances that you will not find common language with them. Either you are from the UK or from Germany, this broker gives you ability to contact them via dedicated phone number 24/5 and discuss all the issues.
XTrade Forex Review Conclusion
Concluding everything, XTrade Forex Broker is a solid choice for those, who find their passion in CFD trading. It is just awesome to make trades with broker that was one of the first in this area. Nevertheless, as for normal Forex trading, we should say that spreads are a bit higher than at other brokers. Additionally, sometimes you will just be required to open MT4 in order to make good technical analysis. For being a bit different from most of the Forex brokers and for having such a good support, XTrade review gives to this broker 4 out of 5 stars!
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