XTrade is a Cyprus-based, Cysec-regulated broker offering 1:400 leverage. XTrade is operated by XFR Financial Ltd, which is regulated and licensed by CySEC under the license number 108/10. The broker offers deposit and withdrawal options via bank wire, credit card, Paypal, or International Diners Club. The minimum deposit is $100 for the web trader platform and $2000 for the MetaTrader4 platform. This broker uses a multilingual platform of Webtrader, XFX, and MetaTrader4.
The platform is web-based which allows users to trade from anywhere around the world. Various platform features include streaming news feed, trading signals, automated trading, mobile alerts, scalping, hedging, trailing stops, e-mail alerts, guaranteed stop loss, guaranteed fills, guaranteed limit orders, one-click execution, OCO orders, and web-based trading. Instruments include metal, gold, indices, oil, commodities, and CFDs.
Spreads are fixed, and get tighter depending upon the account level. Twenty-four-hour multilingual customer service is available. There is no dealing desk, and various account options include mini account, VIP account, Islamic Account (Swap Free), and Demo Account.
Since CFDs are such a different trading instrument, XTrade developed its own version of WebTrader to support their online transactions. No downloads are required, and they also support a number of mobile apps