XTrade.com Review

Xtrade Review

XTrade.com is a broker that offers forex, CFD and stock trading. It is owned by XFR Financial Ltd. headquartered at: 140 Vasileos Konstantinou, Tofias Building 2, Limassol, Cyprus.

You can contact them via phone at +44 203 051 6305 or via email at [email protected].

Regulation

Just as with any brokers it is very important to figure out if it is regulated. XTrade.com is regulated by the Cyprus Securities and Exchange Commission under the license number 108/10. Firms under CySEC have its clients’ funds protected by the Investors Compensation Fund protecting around £20,000 of individual’s funds in case the firm becomes insolvent.

Platform

The firm developed its very own trading platform in order to suit its needs as best as possible. The trading platform is very intuitive and allows easy access to asset choices, open positions, trading history and other trading tools. It is secure as the firm decided it would be best to encrypt all data on the platform using the latest in 256-bit SSL technology.

Spreads and Leverage

The available spreads and leverage is available to view at XTrade.com for every asset choice. The leverage is 400:1 for currency pairs, 200:1 for commodities and indices and 20:1 for stocks.

Deposits and Withdrawals

Traders looking to open an account with XTrade.com must deposit a minimum of $100. The firm offers multiple methods to deposit such as credit and debit cards, wire transfers and some e-wallet providers. Withdrawals are quick and painless as long as traders’ AML documentation is in order.

Customer Support

Customer service representatives are ready and willing to help traders 24 hours a day, 6 days a week and can be contacted via email, live chat or phone. The customer service representatives speak several different languages and the website supports 16 languages.

The firm has a total of five global offices to serve their traders’ needs.

Account managers can directly answer any questions traders may have and guide them in setting up their trade environment, get familiar with the system and training if needed. The website is filled with details that explain how leverage, spreads and risk management tools work.

FAQs

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