XTrade Forex Broker Review

XTrade Forex broker are based in Cyprus and are regulated by the Cypriot national finance controlling agency, CySec. Operated by XFR Financial Ltd, XTrade’s trading service can be accessed all around the world, and they have offices on all five continents. XTrade supply high quality investment services to traders from over 140 countries across the globe. They also give investors the chance to trade in a range of other assets, and not just foreign currencies, as well as extending a range of excellent bonuses and incentives to traders who choose to use their brokerage services.

Which Trading Platforms do XTrade Use?

Unlike most other UK Forex brokers, XTrade only offer a single trading platform option, however it the one on offer is Meta Trader 4, a well known and high quality trading platform, ideal for use by both beginners and experienced investors. Fast, flexible and user friendly, the Meta Trader 4 platform requires no software downloads and is able to be accessed by mobile device users, making it perfect for investors who enjoy placing transactions while on the go.

Which Accounts are Available for Traders

XTrade only offer 2 account types. Novices are able to open the XTrade Standard account which only requires a minimum deposit of $100. By using this account, new traders are able to gain a better understanding the money market’s workings, developing and honing their strategies and skills. More advanced and experienced traders are able to deposit sums of $1000 or more and open the XTrade Premium account, which comes with its own features and VIP benefits, such as better spreads. There is also a free demo account which can be accessed by anyone who wishes to test the trading platform and features before making a financial commitment.

Other Useful XTrade Information

XTrade ensure that investors can enjoy a simple trading process, ensuring that there are no commissions, hidden charges or fees for any of their financial transactions. They list all of their trading prices clearly and use fixed spreads to simplify their system’s use. There are 2 pips between purchase and sale price of the USD/EUR pairing, one of the most popular pairs on the market.
Leverages offered by XTrade can be up to 1:400, allowing investors to benefit from a greater return on their initial investment.
High quality customer support is very important, so XTrade guarantee take pride in their excellent customer service team. The large team are available 24 hours a day on 6 days per week. These professional representatives can respond to queries, solve issues and offer support on a wide range of topics. There are also numerous contact methods available including telephone helplines, online chat facilities and email addreses. The support team are also able to speak multiple languages, so it couldn’t be easier to get essential help.
Novice traders looking for educational resources will be pleased to find that XTrade have a choice of useful educational resources to help in their development of skills. With tutorials and articles, novices are able to gain a competitive edge in the market.
XTrade do not simply facilitate the trade of foreign currency pairs, they also offer other assets for trading too. These markets include stocks, precious metals, commodities and indices.
For investors who are looking for incentives and bonuses that are on offer in order to make their final choice, XTrade always offer a good range of deals. New investors can benefit from a no deposit bonus on signing up, and existing clients can enjoy the loyalty scheme which offers points on every transaction to be exchanged for a choice of bonuses at a later time.
Both withdrawal and deposit of funds is made efficient and simple by XTrade as they have a range of useful methods that can be used to place money into and take money out of accounts. Not only do they offer traditional debit and credit cards and wire bank transfers, but they also permit contemporary online choices like SOFORT, WebMoney, Skrill, CashU and UnionPay. Accounts can be opened in several currencies including the US and Canadian dollar, Yen, Euros and Swiss Francs.

Why Choose XTrade?

Investors who select XTrade as their Forex broker of choice can enjoy:

• High quality online educational resources such as video tutorials and articles
• Streamlined and efficient withdrawal and deposit systems
• A choice of account currencies available for opening accounts
• A choice of excellent incentives and bonuses for both new and existing investors as well as a generous loyalty points scheme
• Several assets are available for trading as well as foreign currency pairs
• Available customer support team 24 hours a day 6 days a week
• Several contact methods including a convenient online chat facility
• No fees, hidden charges or commissions
• Fixed spreads
• Leverage offered up to 400:1