Your Trader Guide to Trading With XTrade
From their base in Cyprus, XTrade are regulated by CySec, their country's national finance controlling agency. Xtrade are operated by XFR Financial Ltd and their trading service is extended all over the world, with offices located on all 5 continents. They supply high quality investments services to traders who can be found in more than 140 countries all over the world. XTrade also offer investors the option of trading in other assets as well as foreign currency pairs, and ensure that traders are offered a good range of incentives and bonuses.
Which Trading Platforms are Available Through XTrade?
Foundation Year: 2011
Customer Service Hours: 24/6
Free Demo Account: Yes
$20 Free Bonus
XTrade, unlike many other forex brokers in the UK, only have one trading platform on offer, however this platform is the well known and popular Meta Trader 4. A high quality and well-used platform, Meta Trader 4 is perfect for use by both experienced and novice investors thanks to its speed, flexibility and user friendly interface. There is also no need to download any software to a PC as Meta Trader 4 can be accessed from mobile devices, and is therefore ideal to anyone who wants to place transactions while on the move.
Which Accounts are Available for Traders to Choose From?
There are only two types of XTrade account available to investors. Those who are new to the money markets are able to open a Standard Trading account with a small deposit of just $100. This enables novices to get a better understanding of the way the markets work and helps to develop their skills and strategies. Those who are more experienced in forex trading can deposit a sum of $1000 or more in order to open a Premium account. This type of account comes with a host of special VIP benefits and features which includes better spreads. Anyone who would prefer to try out XTrade's features and trading platforms before coming to a decision as to where to deposit their funds is able to open a demonstration trading account before making a financial commitment.
Other Useful Information About XTrade
XTrade take the simplicity of the trading process for its investors seriously, and therefore they ensure that there are no fees, commissions or hidden charges applied to any financial transactions. All trading prices are clearly listed on the platform and they use a fixed spread in order to simplify the use of the system. 2 pips are offered between the selling and purchase price of the US Dollar/Euro pairing, which is one of the most popular currency pairs for trading.
The leverages on offer from XTrade are up to 1:400 and this allows investors to enjoy greater returns on their initial investments.
Choosing a forex broker with good quality customer support is paramount, and therefore XTrade guarantee that their customer support systems are of the highest possible quality. They have a large support team who available to be contacted 24 hours a day six days a week. The professional representatives are able to respond to any queries as well as solving issues and offering support on a variety of topics. Several different contact methods are available from the traditional telephone helplines to email contact and the every popular online chat facility. The representatives are also multi-lingual making it easier than ever to get the necessary help.
Educational resources have not been neglected, and those who are newcomers to the money markets will be pleased to discover that XTrade offer a selection of valuable educational resources to help them to develop new skills and learn more about forex trading. Through their helpful articles and video tutorials, even novices can gain an edge in the markets.
It is possible to trade other assets as well as foreign currency pairs of with XTrade as they have a broad spectrum of other assets for trading. There is access to many markets including precious metals, stocks, indices and commodities allowing for greater profits.
One of the factors that helps investors to make a decision about which forex boker to choose is the range of bonuses and incentives on offer. XTrade offer a good range including no deposit bonuses to new investors and sign up deals as well as a loyalty system offering points for all transactions which can then be exchanged for different bonuses later.
XTrade make withdrawing and depositing funds simple and efficient, offering several methods for placing and taking out money. As well as traditional methods like debit and credit cards and wire transfers, there are also online options like Skrill, WebMoney, SOFORT, UnionPay and CashU. It is possible to open accounts in several currencies including US and Canadian dollar, Euros, Yen and Swiss Francs.
Why Choose XTrade as Your Forex Broker?
If you choose XTrade as your forex broker you can look forward to:
- Good online educational resources like tutorials and guides
- Withdrawal and deposit systems that are streamlined and efficient
- A choice of currencies in which accounts are able to be opened
- A range of good incentives and bonuses as well as a loyalty points scheme
- The available of several assets for trading as well as currencies including precious metals, stocks and indices
- A customer support team that is available 24 hours a day 6 days a week
- A range of contact methods including a useful online chat facility
- No fees, charges or commission
- Easy trading thanks to fixed spreads
- Leverages of up to 400:1