XTrade is a large broker for CFD trading. They are owned by XFR Financial Ltd which is located at: 140 Vasileos Konstantinou, Tofias Building 2, Limassol, Cyprus.
The Broker was established back in 2003 year, so you might be fully aware that it has rich enough experience to offer you the best from the market – from the most reliable platform to the best trading facilities. On the other side, it is safe and reputable. Being located in Cyprus, it is supported by the national financial controlling agency – CySec – which has provided the page with an official license to operate from the market.
The leverage 1:400. Begin trading with as little as $100 and receive the effect of $40,000 which, of course, is very powerful. This means anyone can take advantage of the global markets from one place and in the comfort of their own environment. Easy, fast and effective.
Xtrade Trading Accounts
XTrade only offer 2 account types. Novices are able to open the XTrade Standard account which only requires a minimum deposit of $100. More advanced and experienced traders are able to deposit sums of $1000 or more and open the XTrade Premium account, which comes with its own features and VIP benefits, such as better spreads.
Xtrade has worked hard over the years to make its own proprietary platform very user-friendly. Once you’re ready to step up and experience live trading there is only one account option which many will find agreeable. And we certainly have to agree it is a one size fits all kind of account. Minimum deposit is only $100 and variable spreads are offered which average at around 0.3 to 0.6 pips. There is a handy trailing stop feature and hedging is allowed along with pending orders and automated trading.
One of the strengths of the broker is the fact that it offers a bonus without requiring a deposit. A new trader simply has to verify his phone number via a text message to instantly gain a $20 bonus in his live trading account. The bonus acts as actual money, as does any earnings gained from using it. Deposit bonuses, which XTrade offers up to the amount of 60%, are among the best currently found in the industry.
Xtrade Deposits and Withdrawals
The broker offers all the usual payment methods for making a deposit, mainly with a debit or credit card from VISA, MasterCard or Dinners Club. Deposits can also be made via internet wallets such as Neteller, Skrill or WebMoney and of course a wire transfer. Along with the aforementioned methods.
Withdrawals are processed within 24 hours. When the client receives the money depends on the chosen withdrawal method.
Compare To Xtrade
AvaTrade(Review) – AvaTrade fully regulated in the EU and BVI, as well as Australia, Japan and South Africa.
EasyMarkets(Review) – operating in 7 cities in the world and have offices in Chicago, New York, London, Warsaw, Limassol, Sydney and Melbourne.
You can also visit our forex brokers page