A Look into XTrade Trading Services

Founded in 2010, XTrade is an international Contracts-for-Differences (CFD) dealer, which offers a trading environment for forex, commodities, stocks and indices. It is owned and operated by XFR Financial Ltd, based in Limassol, Cyprus, and is further regulated by the country’s apex regulatory body CySec. The services of XTrade are available in over 140 countries, with offices in five continents. In addition to CySec, the brokerage firm is also registered with regulators in Australia, France, Italy, etc.

Characteristics

We noticed XTrade to be quite a transparent platform when it comes to trading fees and simplified trading.  In terms of simplifications, the broker offers a comprehensive outlook of its proposed instruments — right on the main page — and illustrates their sales and purchases accurately to make traders feel home.

XTrade offers two types of accounts: Standard and Premium. While the former requires traders to maintain a minimum deposit of $100, the latter requires $1,000 for the same. In addition to these accounts, XTrade also offers a demo account that brings novice traders before an opportunity to perform live trades, without actually spending any real dime on them. Not only it improves their trading skills to an extent, it also makes them familiar with the functioning of XTrade trading platform.

What’s further attractive about XTrade is its intuitive real-time graphs, analytic and automated tools.

Fee Structure

Coming to fees, we have noticed XTrade possesses a rare quality of charging no-hidden fee — something we haven’t found in most of the CFD brokers in recent times. For instance: XTrade doesn’t believe to charge traders on per-trade basis; instead, the broker uses fix spreads for forex orders. To understand it accurately, let us consider an example:

On XTrade trading platform, the spread between sale and purchase for EUR/USD is only 2 pips. Traders are further given a maximum of 1:400 leverage to trade and be able to take out a higher return on investment. In short, an investment around $100 can yield a maximum of $40,000 in returns.

When it comes to commodity such as Gold, Silver, Oil, etc., XTrade offers a maximum leverage of 1:200. The trades are executed online and requires no physical selling and purchasing of the commodities.

Traders at XTrade can also choose to trade in stocks on the world’s largest stock markets — USA, Japan, Germany, France, etc. The platform also offers tools that allow traders set automated trades on their stocks. With this, traders can automatically close their positions — on both profit and loss — when their set limit is reached. They can also make automated purchases using these tools.

The maximum leverage available in stock trading is 1:200. It is absolute commission-free.

Handy Tools

In addition to the demo account, XTrade offers several other educational offering to its clients. We were particularly impressed by one AutoChartist tool, which allows traders to send trading signals and obtain real-time market reports. This specifically helps day traders to draw out low risk strategies on their trades, while keeping tab with the minute-to-minute market events.

XTrade further provides clients with daily technical reports of many trading instruments, as well as an economical calendar to stay updated will all the fundamental aspects that could effect their trades in near future.

Withdrawals/Deposits

The deposits and withdrawals at XTrade are efficiently done by a multitude of third party services. They include: direct bank wire Transfers, credit cards, WebMoney, Skrill, Sofort and many other methods.

Customer Support

The XTrade customer support is spread internationally and is available 24 hours a day, 6 days a week. The staff is friendly and highly informative.

Conclusion

Overall, XTrade is an intuitive and user-friendly trading platform that easily caters for traders’ basic to advanced requirements. It is regulated by dependable authorities and poses no risk for customers’ funds. Recommended to all!

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