XTrade CFD Broker Review 82

Xtrade is an internationally recognised trading platform for CFDs. Traders can enjoy a wide range of tradable options on indices, currency pairs, shares and commodities. The brains trust that created Xtrade has decades of experience in the online brokerage industry. Superior customer support, a strong global presence and credibility form the bedrock of the Xtrade contract with clients. Xtrade.com is the winner of the FX Report Awards 2016 for Best Broker, Middle East.

Overview/Background

Xtrade is fully licensed and authorised to offer online CFD trading to all regulated jurisdictions. The company sports the following registration number with CySEC (Cyprus Securities and Exchange Commission) 108/10. Is also regulated by the Australian Securities and Investments Commission and the International Financial Services Commission. The online trading platform offers high-speed trading on CFDs 24/7. The primary markets that are covered include Asia, Europe, the United Kingdom and the United States. In total, 140 countries are covered by Xtrade. The brokerage was established in 2003, and this means that it has substantial experience in the online trading arena with CFDs.

This online CFD brokerage offers a demo trading account and a real-money trading account. The company vision is 5-fold. It is focused on providing innovative CFD trading, professionalism, a commitment to clients, a dynamic and innovative trading platform and maximum security at all times. For Xtrade, CFD trading takes on an entirely new complexion. For starters, all trades are governed by regulatory oversight, transparency and credibility. Reliable trade execution and competitive pricing is a feature of all CFD trading online. Additionally, clients can reach support 24/7. The cloud-based technology guarantees that traders can access the trading platform anywhere and at any time.

Account Types

There are 2 different account options available to traders. The Standard Account requires a minimum deposit of just $100 and it offers leverage of 1:400. The Premium Account requires a deposit of $1,000 and it offers leverage of 1:400. Traders have access to a free demo account and the no download WebTrader account. The real money accounts offer 1-click functionality and the demo account allows you to trade with real quotes with practice money. You simply need to enter a few personal details such as your full name, email, telephone and agree to the terms and conditions. The account types at Xtrade offer fixed spreads and no commissions, CFD leveraged positions, professional training support, and quick-click accessibility. Only traders from regulated jurisdictions are allowed to trade CFDs at Xtrade.com. Another enticing aspect of Xtrade is that traders have 1 account across multiple devices. All CFD trades are regulated by the world’s foremost authorities including IFSC, ASIC, MiFID (for passporting into Europe), and CySEC.

Trading Platform/Software

Xtrade.com features Xtrader Pro. This trading platform can be enjoyed in a demo mode or a real money mode. It is easy to trade CFDs online with Xtrader Pro, and assistance is available every step of the way. Further, the trading platform is available to iPad and iPhone users, as well as Android smartphone and tablet users.  A Windows Phone app is also available. In all instances, clients can enjoy CFD trading with a free demo account upon registration. The trading platform offers fixed spreads with zero commissions.

The presence of a free demo trading account means that traders can simulate real market trading conditions with zero risk. The platform provides CFD traders with 50 pairs, including major pairs, minor pairs and exotic currency pairs. Additionally, there are some 25 indices, 10 commodities and 100+ shares. These are available from major European exchanges including the Ibex 35, the CAC, the FTSE 100, the NASDAQ, the S&P 500 index, and the Dow Jones Industrial Average.

The MT4 (MetaTrader 4) web-based trading platform is particularly easy to use and it works fantastically on all mobile devices. The platform is reputable and internationally acclaimed. This is ideally suited to beginner traders and advanced traders. Traders can rest assured that security is watertight, courtesy of SSL trading for both mobile and desktop usage.

Deposit Options

Xtrade.com accepts multiple payments processing options including the following: CashU, Qiwi, Neteller, PaySafeCard, Skrill, credit cards, bank transfers, SEB, Santander, Ticket Surf, Trust Pay, MasterCard, Visa, American Express, PayPal, Union Pay, Visa Electron, Delta, JCB, Barclays, Moneta and Sofort. All payments options are guaranteed secure, and the integrity of trader accounts is assured at all times. The SSL security certificate is provided by COMODO.  The minimum deposit for a Standard Account is $100 and the minimum deposit for a Premium Account is $1,000.

Markets

There are multiple available markets at Xtrade. These include shares, forex, indices, commodities and exchange traded funds. Of course, traders can access these assets in CFDs. The following CFDs are available:

  • Equities/Shares – US, Spain, France, UK, Italy, Australia, New Zealand, Japan, Russia, Hungary and scores of other countries are included
  • Indices – all major indices from the US (Dow Jones, NASDAQ S&P 500 index), Europe (CAC 40, DAX 30, FTSE 100 index, EuroStoxx 50), Asia (Nikkei 225, CSI 300) and Australia are represented.
  • Commodities – CFD traders can dabble in multiple hard and soft commodities. These include gold, silver, corn, wheat, platinum, sugar, coffee, copper, cotton, palladium, lead, Brent crude oil, oats etcetera.
  • Currency pairs – these include major pairs such as the GBP/USD, GBP/EUR, AUD/USD, minor pairs such as the SDK/JPY and EUR/CAD, as well as exotic pairs such as the EUR/SEK and EUR/ZAR. CFD trading in virtual coins is also available with BTC.
  • Exchange Traded Funds (ETFs) – these are available with indices and commodities.

Cons

  • Bland user interface
  • Small range of education and training offers
XTrade Overview
Website: www.Xtrade.com
Regulation: CySEC and MiFID
Assets offered: EUR/USD, USD/JPY, EUR/JPY, EUR/CHF, NZD/USD, CAD/JPY, EUR/NZD
Minimum Deposit: $100
Deposit Options
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