Xtrade Guide – Read our In-Depth Xtrade Review
Xtrade Rating: 3.1 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This Xtrade review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Xtrade review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you're a new entrant in the world of trading and brokerage, so many details will be confusing for you. Getting into the area of trading demands expert analyzing skills and comprehensive knowledge. You'll get proficient at all the concepts of brokerage as you keep trading. For starters, you need to choose the ideal broker who will be clear with you always.
Within this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment program will create hefty returns. Xtrade is one such stage which will take you along with your investment to great heights. It's important to understand all about Xtrade until you trust them with your cash.
Xtrade Guide – Quick Summary
Xtrade Telephone Number:
Xtrade Email Address:
Cyprus Securities and Exchange Commission (CySEC)
Number Of Clients:
10,000+ Xtrade users and traders
Xtrade Facebook Likes:
Xtrade Twitter Followers:
Xtrade Instagram Followers:
Losses can exceed deposits
|Xtrade Telephone Number:|
|Xtrade Email Address:|
|Regulated By:||Cyprus Securities and Exchange Commission (CySEC)|
|Number Of Clients:||10,000+ Xtrade users and traders|
|Xtrade Facebook Likes:||0|
|Xtrade Twitter Followers:||0|
|Xtrade Instagram Followers:||0|
Losses can exceed deposits
Our full Xtrade Review covers all you will need to learn about trading using Xtrade. A fantastic agent can multiply your first investments and give you positive profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investing objectives.
There is no sure-fire way to ensure profits; thus, you must carefully assess your agent before you select them. It is a frequent misconception that all brokers will be the same, but that is not correct. Wrong judgment, initially, can put your investments in danger.
Xtrade is a broker that has paved its way successfully to the brokerage world. In this review, we have tried to collate a number of the important facets of Xtrade. This review will help you to know whether Xtrade is a fantastic fit for your own investments or not. We have tried to breakdown all the features and fees for your convenience.
Xtrade Review, Table Of Contents
- Who are Xtrade?
- Benefits Of Trading With Xtrade
- Everything you should know about trading with Xtrade
- Is Xtrade Safe To Trade With?
- Xtrade Risk Disclaimer
- Pro's & Con's Of Trading With Xtrade
- Compare Brokers Similar To Xtrade
- Regulation And Licencing In More Detail
- Xtrade Awards
- Minimum Deposit Required For A Live Account With Xtrade
- Xtrade Commission And Fees Explained
- Compare broker fees against Xtrade
- Xtrade Withdrawal Fees Explained
- Xtrade Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Xtrade?
- Alternatives To Xtrade
- Frequently Asked Questions About Xtrade
Who are Xtrade?
Xtrade is a foreign exchange broker headquartered in Australia and provides a variety of tools for trading. Since its establishment in 2003, Xtrade has emerged as a leading player in the industry of online brokerage. Xtrade has an extremely competitive and full-featured trading website that's focused on forex, indices, metals, shares, commodities.
Over the past 18 years, Xtrade has grown into one of the leading online brokers.
After launching in 2003, their client base is becoming as big as 10,000+ clients.
Xtrade is a favourite for many dealers because of its negative balance protection. Our Xtrade review found that they are an superb alternative for automated trading solutions. It is most appropriate for investors that are looking for a variety of assets. Social and automated trading solutions are the core at Xtrade.
Technology plays a significant role at Xtrade. Xtrade features trading on . Xtrade is fair, transparent, and also a well-regulated agent by the Cyprus Securities and Exchange Commission (CySEC). Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house analysis.
The educational section at Xtrade is quite insightful for new traders as it permits them to get a closer look at the financial markets. Xtrade caters to all types of traders and are a must-have broker for any well-diversified method of online trading.
If you feel that Xtrade is not right for you then at the bottom of this Xtrade review you wil find a lot of alternatives to Xtrade.
What you should know about trading using Xtrade
Xtrade is a lively platform that provides various techniques of trading. These tools cover the monetary markets considerably. Most of the brokerage platforms provide less approaches than Xtrade
If you would like to exchange with Xtrade, you will require a minimum deposit of $1. This deposit is mandatory if you would like to start trading with Xtrade. This 2021 Xtrade review will guide you easily about trading with them.
Xtrade is as flexible as any other brokerage platform. Xtrade is excellent for traders who want a manageable variety of cheap services. The programs offered by Xtrade are third-party, white-label offerings. All traders can choose from .
Along with everything, Xtrade has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a trade must be kept available. The brokers provide premium client service that rewards clients with advantages.
Many unprofessional brokers try to pressurise consumers into larger financing for premium services. Xtrade, on the other hand, is more focused on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the further benefits will become available.
Xtrade accounts are available all over the world and provides outstanding service wherever they have customers. There are only a select few countries where Xtrade accounts are not available. Traders in the following countries cannot open or use a Xtrade account:
BR, KR, IR, IQ, SY, JP, US
Is Xtrade Safe To Trade With?
Launched in 2003, Xtrade has been open for 18 years, they are headquarted in Australia.
Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC). These figures have rules that ensure that trading platforms have measures in place to maintain investor's assets procured. This usually means that Xtrade users don't need to worry about their money since it is segregated and safely stored in established banks. SSL encryption secures every user's personal information as well.
You can make use of an option for 2 Factor Authentications (2FA) with Xtrade for increased security. An SMS with the verification code will be sent to your mobile phone. You'll be asked to input this code to log in to your account.
Another concern with fiscal brokers with regards to safety may be manipulation of trading. This is highly disadvantageous to users on those platforms. Nonetheless, this is more widespread in the case of Market Maker agents who compete with customers on the platform.
Xtrade Risk Disclaimer
Losses can exceed deposits
Pro's & Con's Of Trading With Xtrade
Every online trading platform has some pros and cons Xtrade review would be complete without showing both sides. This Xtrade review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- Xtrade is trusted by 10,000+ clients
- Xtrade offers Negative Balance Protection
- Xtrade offers Guaranteed Stop Loss
- Xtrade has low minimum deposit requirements
- Xtrade doesn't charge withdrawal fees
- Xtrade doesn't charge inactivity fees
- Xtrade offer trading on
- Xtrade offer trading instruments
- Xtrade can communicate in
- Xtrade charge deposit fees
- Xtrade doesn't trade major forex pairs
- Xtrade doesn't trade minor forex pairs
- Xtrade doesn't trade exotic forex pairs
- Xtrade doesn't offer trading on cryptocurrencies
- Xtrade charge CFD fees
- Xtrade doesn't offer social trading
- Xtrade doesn't offer copy trading
- Xtrade doesn't offer trailing stop
Xtrade Review - Compare Brokers Similar To Xtrade
|Xtrade||Alpha Capital Markets||Oinvest||gcm forex|
|Rating||3.1 / 10||2.92 / 10||4.94 / 10||4 / 10|
|Regulated By||Cyprus Securities and Exchange Commission (CySEC)||Unregulated||Southern African Financial Sector Conduct Authority (FSCA)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F248|
|Find Out More|
|Risk Warning||Losses can exceed deposits||Your capital is at risk||CFDs and derivatives are leveraged products and involve high level of risk. Trading on such financial instruments may result in losing all of your invested capital. Past performance of financial instruments does not guarantee future performance.||Your capital is at risk|
Xtrade Review - Regulation And Licencing In More Detail
Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC).
Xtrade, as a business, has a strong collection of rules for ensuring fair trading on its platform. For information encryption functions, it supplies an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, customer data is never to be shared with some other institutions or individuals. This includes credit history and other financial information.
Xtrade Review - AwardsAt the time of writing this Xtrade review, and despite Xtrade’s impressive offering, the company has surprisingly not garnered any other awards to date.
Xtrade Trading Platforms
Xtrade are a reputable broker that has been trading for over 18 years. They offer a wide range of options in their user accounts.
Below we take the main parts of any good brokerage and compare Xtrade against Alpha Capital Markets, Oinvest, and gcm forex
Xtrade Review - Minimum Deposit Required
The minimum deposit that you need to begin on Xtrade is $1. This is a decent amount for those just beginning. You can make more complex residue as you go along. But, make certain you understand how to make the most of your money before investing larger sums.
Xtrade Review - Commission And Fees Explained
Xtrade is an online broker platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. That is, an internet broker is not necessarily influenced by the amount of customers they have.
But this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly 3 different types of penalties for this objective.
The first kind of fees to look out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you're billed trading charges. In these instances, you're paying a spread, financing rate, or a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the flip side, a spread denotes the difference between the buying and selling cost. Financing or overnight prices are those who are charged when you maintain a leveraged position for longer than a day.
Aside from trading charges, online brokers also bill non-trading fees. These are dependent on the actions you undertake on your account. They are charged for operations like depositing cash, not trading for lengthy periods, or withdrawals.
In general, Xtrade does not charge high fees compared to other online brokers. For operations other agents fee for, they do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who regularly exchange, for example daily or weekly trading.
However, non-trading fees billed by Xtrade are comparatively lower. Consequently, you're charged more for non-trading actions on your trading accounts, like withdrawal and deposits. These are not about the sale and purchase of assets.
This Xtrade review breaks down every one of the relevant non-trading fees for you in detail.
Compare broker fees against Xtrade
Xtrade Review - Withdrawal Fees ExplainedXtrade doesn't charge withdrawal fees
Withdrawal of money is possible at any moment from your Xtrade account. You can draw sums up to the amount of your account balance, keeping aside the margin used. 1 thing to remember is that you don't always need to have any money in your accounts.
In addition, the withdrawn money will be moved directly to the accounts you use to create deposits. Thus, if you used a credit card for deposits, then the withdrawn cash is going to be sent into the card. Xtrade will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing cash in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you are choosing to withdraw in.
Xtrade Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions that run through your mind when open an account with Xtrade. An inactivity fee is an amount charged to registered dealers that haven't participated in buying or selling for some time. The period regarded as inactive is decided by the agent.
The inactivity fee differs from one broker to another and is not standardized. If a traders account does not have a purchasing or selling trade, it is claimed by the broker as an inactivity charge. The traders have to pay this fee under terms and conditions that they had agreed while registering.
Xtrade doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no fees have been implied by Xtrade, it is best that you close the account if you are inactive. Inactivity fees are not only charged by brokerage companies but also many financial services.
For additional trading platforms, the inactivity fee is contingent on the sort of account you have selected. The inactivity fee is exposed to a lot of circumstances and should be disclosed clearly by the agent beforehand.
Xtrade Review - Deposit Fees Explained
When you move money in your trading account from your bank account, a deposit fee can be billed by the broker. Most brokers do not charge an excessive amount of money for this operation.
Xtrade charges a deposit fee for transferring money into your trading account.
Depositing cash on the Xtrade trading platform is simple. You just need to finish a single-user profile questionnaire to start depositing money into your trading account. You will need to provide an identity proof and evidence of residency to deposit large amounts.
Xtrade Review - Compare Broker Deposit Methods
What Can You Trade With Xtrade?
Note: Xtrade provides a lot of different trading instruments due to regulatory restrictions in some countries. Trading instruments offered will be different depending on the country of residence of the client.
Xtrade has a wide variety of over instruments available for you to trade with.
If trading currency pairs is of interest to you then Xtrade offer over currency pairs.
Compare Xtrade, Alpha Capital Markets, Oinvest & gcm forex below.
Reviewing The Xtrade Mobile App
Note: Xtrade's mobile app has a lot of functionality and is being constantly improved. The below information was correct at the time of writing this Xtrade review.
Understand the capabilities of the mobile apps of Xtrade, Alpha Capital Markets, Oinvest & gcm forex below.
Alternatives To Xtrade
If, after studying this Xtrade review, they don't quite fulfill your needs check out these Xtrade alternatives.
We've scoured the web to find the best alternatives to Xtrade. Click the hyperlinks below to learn more.
Frequently Asked Questions about Xtrade
Can I try Xtrade before I buy?
Yes, you can most definitely try Xtrade before you buy. Xtrade provides demo accounts for the ease of inexperienced traders. You can use this feature to build your faith in the system and yourself and your trading strategies.
If you sign up for a demonstration account on Xtrade, you will set out using a decent amount of virtual money. It's to establish a feeling of safety and confidence in you before you decide to spend your own money.
With this virtual Xtradedemo account, you can experiment in any way, to whatever period you desire. You might even start positions, test different trading strategies, and more.
Xtrade specifies on its official website that you are able to trade real time stocks in a demo account.
Is Xtrade safe?
You can drop all of your worries because we believe that Xtrade is perfectly safe to use. It's in compliance with the principles of Cyprus Securities and Exchange Commission (CySEC).
Luckily, Xtrade does provide assured stop-loss protection.
Why does Xtrade ask for my passport?
The reason that Xtrade asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Xtrade has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Xtrade must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Xtrade?
The process to start trading withXtrade is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Xtrade website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Xtrade is $1. You should have a good understanding of the details of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Xtrade.
The best way to kickstart your trading career with Xtrade is to open a demo account facility before risking any real money
What funding methods do Xtrade accept?
There are multiple ways to finance your accounts with Xtrade. The process is effortless and quick, with various payment methods in your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You have to bear in mind that PayPal isn't available in every place. The monies Xtrade
Is my money safe with Xtrade?
Yes, your money is safe and protected with Xtrade. As you already know, Xtrade operates with proper conformation to. It has established plenty of measures to guard all its investors.
Xtrade safeguards its customers' private and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you want to further protect your account, it is possible to enable Two-Step Verification as well. It takes an SMS confirmation that you get your accounts.
Is Xtrade trading good?
Yes, trading through Xtrade is a nice and decent experience indeed. It's an excellent and intuitive platform with useful features for your simplicity. Moreover, you could even obtain access to a vast selection of educational resources and assistive substance to kickstart your trading expertise.
If you remain skeptical, it is possible to open a eToro demo account and evaluate the trustworthiness of the platform for yourself.
Which Countries does Xtrade support?
Xtrade operates across the world. However, due to regulations there are some countries that Xtrade does not accept clients from BR, KR, IR, IQ, SY, JP, US
Is Xtrade legit?
Xtrade is a legit company headquarted in Australia since 2003. They are regulated by Cyprus Securities and Exchange Commission (CySEC). Xtrade is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Xtrade a good broker?
Xtrade is a great agent, and its users may vouch for this. The highlight of the platform is its quick order execution on trades.
You will discover the clean layout of this platform and the admirable features that a pleasure to work with.
Is Xtrade a trustworthy broker?
Yes, Xtrade is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Xtrade?
The minimum deposit to open a live account with Xtrade is $1
How long do Xtrade withdrawals take?
Normally, withdrawal of money from Xtrade is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Xtrade to show in your bank account.
Are Xtrade regulated?
Xtrade are regulated by Cyprus Securities and Exchange Commission (CySEC)
Is Xtrade a market leading broker?
Xtrade is indisputably among the business leaders. It has over 10,000+ registered customers and over 18 years of expertise on its own record. They are among the world's leading trading platforms and a dominant figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and wide selection of tools plus resources so that you can put money into capital markets.
Is Xtrade a con?
No, Xtrade is not a con. They are regulated by Cyprus Securities and Exchange Commission (CySEC) and must adhere to their rules. Thus, it is safe to say that Xtrade is not a scam.
Can you make money with Xtrade?
Using Xtrade, several traders earn a lot of money. But on average, through continual trading, you also can create between 2% - 10% profit a month.
This may seem to be a small number, but over the entire year, this adds to a substantial amount of gains. While Xtrade provide you all of the tools to make money, they cannot guarantee you will gain.
Does Xtrade have fees?
Yes. To begin trading with Xtrade, you have to deposit $1. Certain commissions while trading also apply. Any processing fees from your bank will have to be incurred by you.
When was Xtrade founded?
Xtrade was founded in 2003 in Australia. Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC).
How many people use Xtrade?
Xtrade is a globally recognised broker with 10,000+ customers.
Where is the Xtrade head office?
Xtrade has its head office in Australia
Does Xtrade offer negative balance protection?
Yes, Xtrade has Negative Balance Protection. It is specially offered while the market volatility prevents customers from letting their accounts go in the red. In a situation like this, Xtrade offers the ability to reset a clients account balance to zero.
You should go through the important conditions on Xtrade's site to understand their policies better.
Does Xtrade offer guaranteed stop loss?
Yes, Xtrade provide a guaranteed Stop Loss order.
If there is no free margin left together with the customer, Xtrade will cease your own positions. If the losses in the stopped out location exceeds your account balance, you may experience a negative account balance.
Does Xtrade allow scalping?Yes, Xtrade do allow scalping. Many traders throughout the world choose Xtrade for their scalping services. They offer trading on which allow this.
Does Xtrade allow hedging?
Yes, Xtrade does allow hedging.
Can you trade energies with Xtrade?
No, unfortunately you cannot trade energy stock with Xtrade
Can you trade agricultural shares with Xtrade?
No, unfortunately you cannot trade agricultural stock with Xtrade
Can you trade cryptocurrency with Xtrade?
No, unfortunately you cannot trade cryptocurrency with Xtrade
Can you trade metals with Xtrade?
No, unfortunately you cannot trade metals with Xtrade
Can you trade UK Shares with Xtrade?
No, unfortunately you cannot trade UK shares with Xtrade
Can you trade US Shares with Xtrade?
No, unfortunately you cannot trade US shares with Xtrade
Can you trade Japanese Shares with Xtrade?
No, unfortunately you cannot trade Japanese shares with Xtrade
Can you trade German Shares with Xtrade?
No, unfortunately you cannot trade German shares with Xtrade
Does Xtrade accept bank transfers?
No, Xtrade does not accept bank transfers.
Does Xtrade accept credit cards?
No, Xtrade does not accept credit cards.
Does Xtrade accept PayPal?
No, Xtrade does not accept PayPal.
Does Xtrade accept Skrill?
No, Xtrade does not accept Skrill.
Does Xtrade accept Payoneer?
No, Xtrade does not accept Payoneer.
Does Xtrade accept Neteller?
No, Xtrade does not accept Neteller.
Does Xtrade offer Live Chat customer support?
Yes, Xtrade offers customer support through live chat.
Does Xtrade offer phone customer support?
Yes, Xtrade offers customer support over the telephone.
Does Xtrade offer email customer support?
Yes, Xtrade offers customer support through email.
What languages can Xtrade communicate in?
Xtrade has the ability to communicate and support customers who speak:
Does Xtrade have a wikipedia page?
No, Xtrade does not have an official wikipedia page.
Does Xtrade offer demo accounts?
Yes, Xtrade offers demo accounts so you can learn their systems before risking any real capital. Inexperienced traders can open a demo account in order to become better acquainted with the areas of Forex trading and test out some of the company’s features before signing up for a live account.