I liked the trading conditions of the Xtrade broker and therefore I decided to trade here. And even when i lost and needed their customer support – they called back and helped me withdraw my funds . If you deposited your money via credit card then contact the credit card customer care asap and ask them to file a chargeback.
For traders, the ability to withdraw their earnings from a brokerage platform easily is as important as the trading process itself. On Xtrade, we became eligible to withdraw our funds as soon as we deposited it into our trading account. We filled out the payment withdrawal request slip and submitted it to the customer support team, together with our identification documentation. Our application was quickly reviewed and approved, and our accounts were funded in less than 24 hours.
Yes, X-Trade Brokers publishes a free news blog on its official website. Client accounts are opened under the Investor Compensation Fund , which covers traders up to €20 000, should the broker be unable to pay out earnings. If you find this Trident Global Financial Group review helpful, be sure to share it with your loved ones so they don’t fall into this type of scam. If you encounter the next one on Trident Global Financial Group, you are likely to be scammed or involved in a scam.
I started to trade metals and majors here – the assets I usually trade, but then I learned that the broker also offers ETFs and government bonds and I started to trade them too. I trade this stuff as currencies because technical analysis rules. I opened a demo account at xtrade and got so involved that I stayed here for a long time. I watched a lot of video courses and especially I liked the ones about in-depth technical analysis and trading psychology. I think that most brokers only want to make money and do not think about normal trading conditions for their traders.
I Chose Xtrade Broker
The platform offers access to the best market analysis and a fast execution of trades, without requiring a download. In terms of resources, Xtrade provides its customers with various trading tools. Whether it is the WebTrader or the MT4 trading platform, users can access several trading tools such as the economic calendar to keep them updated on upcoming events in the market.
I have studied, spent long hours reading materials until I felt ready. Spoke with my account manager and told him that I didn’t wanted to use my debit or credit card so he has suggested https://cryptominer.services/ me other options. Also had some losses but, then again, due to the “don’t be greedy” attitude, my losses were not that big. Just bear in mind that not everything you see online is real.
It has the look and feel of other online systems, is user-friendly, and allows one-touch access to open positions, asset choices, history, and trading tools. No complex downloads are necessary, and mobile applications complete the platform possibilities. For security and safety purposes, all personal information and trading session data are encrypted using the latest in 256-bit SSL technology. As well as their award-winning trading platform, XTrade offers several extra features to its clients.
It’s very intuitive web platform that also comes with sufficient functionality. In addition to them, I also trade cross pairs and metals. I was on vacation for a month and now I’m back to trading. I lack excitement and drive when I’m on vacation and it’s good to be back on line.
Review By Zyieck
A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Cyprus based trading platform, Xtrade, has been in operation for over 10 years and has built a trusted reputation within the industry. There are plenty of financial instruments that can be traded with XTrade.
I can’t say that there’s something revolutionary in these assets for me. I perceive them as indices, but that’s best copy trading platforms an extra profit. I thought that the major principle of trading was to focus on those three assets.
- These products are not suitable for all clients, therefore please ensure you fully understand the risks and seek independent advice.
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- No complex downloads are necessary, and mobile applications complete the platform possibilities.
- CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage.
- I can’t say that there’s something revolutionary in these assets for me.
There is also an integrated economic calendar, news thread, and a signals service. Xtrade does not charge any fees for deposits and according to the information on its website, withdrawal requests take up to five business days to process. Delays beyond the company’s control might occur due to third party withdrawal payment methods. If you are looking for the standard forex market trading platform MetaTrader4 , you will not find it with this broker. Xtrade offers its clients solely its proprietary platform Xtrader Pro, which is entirely web-based. CySEC applies certain rules and requirements to Cyprus Investment Firms.
Can You Open An Account?
After going through their services, we can guarantee that Xtrade is a legit CFD brokerage platform. They are affiliated with some big names around the globe, including soccer star, Cristiano Ronaldo. The website supports 35 languages and lives chat representatives are available in six different languages. The most common sign of a broker scam or a Forex trading scam is that the broker is either not regulated at all or has a low-quality regulatory license. Many proprietary platforms of high-quality brokers can provide a great trading experience.
For those that use the bank wire payment method, it could take more than two business days for the money to reflect in your bank account. These delays are as a result of your bank so take the time to call them to get more information. Xtrade provides traders access to the financial markets, allowing them to trade assets under the stock, forex, crypto, indices, CFDs, commodities, and metals markets. In exchange, Xtrade charges trading fees for each trade in addition to other costs, such as inactivity and spread fees. Xtrade doesn’t charge fees for withdrawals and deposits, but your financial institution might charge you a fee for their services. Xtrade is considered to be a global leader and a top forex and CFD brokerage platform.
Write A Review
This is copy of my information which i will sand to many internet pages about your service or im expecting my money on my acc. • $30 Cash bonus, Account Verification Account Verification. To redeem it, you are required to reach 300 XPoints within 30 days. Xtrade is a brand operated by Xtrade.Europe Ltd., which is authorised and regulated by the by the Cyprus Securities and Exchange Commission .
XTrade does not differentiate between traders, offering a single account type for all real money trading. Every trader gets access to the full range of instruments, web and mobile platforms, plus an educational center. This does mean, however, that less favorable spreads can’t be avoided like they can with many-tiered account structures. To help you decide whether to open an online trading account, this review explores the broker’s platform, mobile app, minimum deposit, payment methods, and more. Regardless of the account type you choose, all traders enjoy essential services such as 24/7 customer support, fast order execution, streamlined payment system, and more.
Xtrade Scam Broker Review
Section 4D of the Commodity Futures Modernization Act of 2000 addressed the issue of fund segregation; what occurs in other nations is a separate issue. Many of signal-seller digital and virtual currencies scammers simply collect money from a certain number of traders and disappear. Some will recommend a good trade now and then, to allow the signal money to perpetuate.
I initially invested a total of $1.,050,000 over a period of 5 weeks with my broker. My bonus/profit was $8,300,000, every attempt to make withdrawal failed and I was instructed to make another deposit of $250,000 before I can make withdrawals which I did. Up till now, I’m still unable to make withdrawals and all attempt to contact broker has failed. This is very pathetic and I felt so bad losing my investment. I did a due diligence test before investing with them but guess what I ended up getting burned.
I was very impressed by the fact that bonuses can be received not only on a deposit, but also after verification and confirmation of the phone. XTrade offers CFD trading on Shares, Commodities, Forex, Indices, Bonds, ETFs as well as cryptocurrencies. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.
A real trading account is the only possible way to test a broker you intend to trade with. If you are afraid to risk your money when testing a new broker, then I can only say that trading is not for you because traders risk their money all the time. I dared to risk my money to test this icp broker broker and now I know that it’s genuine. Xtrade mostly uses the WebTrader platform, which is easy to use and grants users access to several educational resources and trading tools. Traders get access to daily news, market analysis, an economic calendar; educational resources are more.
In terms of cryptocurrencies, clients can trade cryptocurrencies as CFDs across a wide selection of currency options. Trading Psychology eBook – Understanding the importance of emotional intelligence while trading and psychological tools to improve mental behavior as a trader. Yes, X-Trade Brokers is regulated by the Cyprus Securities and Exchange Commission in Europe, and some other agencies for its international services. Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email. Learn Trading financial markets has never been easier. This broker did not score well during our testing process and is not recommended by our experts.
Customer service is something earned and in the case of XTrade here’s how the clients feel. Online reviews are not always what they seem to be, especially in the Forex industry. However there is often enough material available to sort the wheat from the chaff. Yes, XTrade is a market maker and all executions take place in house. This means that clients are betting against the house.
Select the trading platform and account base currency. There is no commission for stocks and ETFs if you trade less than €100,000 in a month. While favorable, this is still not the best offer on the market, as some competitors such as eToro or Trading 212 offer commission-free trading without any limitations. A currency conversion fee is charged if you trade an asset in a currency other than your account base currency. For example, if you trade Vodafone CFDs but have a USD account, then the funds will be converted using XTB’s GBPUSD exchange rate.
I am so angry but i will never trust bitcoin ever again. Cfreserve scamming people and then they have the nerve of calling you again. With such lack of information and XTRADE being unregulated, funds are not safe. Security of funds is a huge problem with unregulated brokers. A red flag that we noticed is XTRADE is withholding vital information to users.
A little bit of preliminary research can go a long way in protecting you and your finances. There are two possible ways to get your money back from a company like XTrade and they don’t apply to all situations. We can tell you where you stand in terms of possible recovery of your funds and what to lookout for.