Should You Choose XTrade For Trading – An Overview
XTrade is a broker platform that was founded in 2003 in Cyprus. However, it is first known as XFR Financial Ltd. XTrade provides traditional trading via CFDs on stocks, currency, indices, and commodities.
Moreover, the company is also actively expanding its product offerings and adding quick access to popular Cryptocurrencies, such as Bitcoin, Bitcoin Cash, Litecoin, Dash, Ethereum, Ripple, and other digital coins, which are available 24/7 simply thru the trading platform. When you decide to choose a broker, you should learn forex trading first, which will be very helpful in your business.
Having a trustworthy and efficient broker is important to your online trading career. To prevent losing your money, make sure your broker is not a fraud or dishonest. To have a strong, profitable partnership and work, make sure your requirements match the profile of your broker.
That’s why we’ve taken the opportunity to analyze only the best brokerage firms, their procedures, fee structures, and other important factors. We advise you to identify and examine your options before committing your hard-earned money to only the safest and most reputable brokers. We hope you found our XTrade review to be informative.
Is XTrade a Safe Platform or Scam?
Many people are confused when they select the broker, whether it is safe or not? So we clarify that the XTrade platform is not a scam. It is a safe broker because it has been licensed by CySEC, which offers low-risk Forex and CFD trading. In many ways, it is pretty similar to Instaforex.
Is XTrade a Legit Broker?
According to their headquarters in Cyprus and their secured license, the XTrade group and firm completely meet with CySEC legislation and several registrations and authorizations throughout the EEA zone.
The international brand that offers to clients from all around the world XTrade International is licensed by the International Financial Service Commission in Belize to operate in various jurisdictions (IFSC). Even though this license is an international one, which is considered too safe on its own, the additional regulation by European bodies indicates that the broker properly follows international protection.
How does XTrade Protect You?
As you can see from our Xtrade Review, the customer’s funds are constantly separated, which means that the trader’s funds are completely separated from the broker’s funds, allowing for security and money protection and that every client account is opened under the Investor Compensation Fund.
Furthermore, Xtrade checks its activities daily in accordance with legal requirements and offers full security for all online transactions and manipulations.
Types of Accounts
You can trade over multiple devices using a single Xtrade account, and the traders don’t have to know each other. When you start trading, you can open the demo account and check out the risk-free environment first.
You can either increase your account such that it becomes a Premium Account with a $1,000 balance, a Platinum Account with 5,000$, or a VIP Account with 25,000$ whenever it reaches or maintains a certain balance. The trading conditions will be the same, with the same guidance, education, news, and multiple signals available. However, for Platinum and VIP account holders, there is a spread decrease and additional training videos available.
