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Pros

Low minimum deposit requirement starting from $10, making it accessible for new traders.
Offers a proprietary trading platform (Strader) alongside the popular MT4 platform, catering to different trading styles.
Regulated by the FSCA in South Africa, providing a level of credibility and oversight.

Cons

Withdrawal fees apply, which can reduce overall profitability for traders.
Lacks transparency regarding trading conditions and fees, making it difficult for traders to fully understand costs.
No demo account available, limiting opportunities for traders to practice or test strategies before committing real funds.

XTrend Speed broker Accounts

XTrend Speed Account Type

XTrend Speed offers several account types tailored to meet different trading needs:

  • Standard Account: Ideal for beginners, this account provides competitive spreads and access to a variety of trading instruments.
  • Pro Account: Designed for more experienced traders, this account features lower spreads and additional trading tools.
  • VIP Account: For high-volume traders, this account offers the lowest spreads, exclusive features, and dedicated customer support.
  • Each account type is crafted to provide traders with the flexibility they need, whether they are just starting or are seasoned professionals.

    XTrend Speed Broker Account Opening Process

    Opening an account with XTrend Speed is straightforward and can be completed swiftly. Heres how to do it:

    • Navigate to the "Create an Account" page on the XTrend Speed website.
    • Enter the necessary personal details (name, email, phone number, etc.).
    • Verify your identity by uploading the required documents (proof of residence, ID, etc.).
    • Complete the electronic quiz to confirm your trading experience.
    • Once your account is verified and active, you can proceed with depositing funds.
    • This simple process ensures that both new and experienced traders can start trading quickly and efficiently.

      Sources:

      • XTrend Speed Review 2024
      • XTrend Speed Review 2025

XTrend Speed accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
XTrend Speed Account