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XBMarkets Forex broker specializes in providing foreign exchange trading services, the company's official website https://my.etradingp..., the company's legitimate regulatory information CyprusCYSECStraight Through Processing (STP) to enhance the security of the company's address Vasili Michaelidi 21-23, Areti Tower, 2nd Floor, 3026 Limassol, Cyprus

XBMarkets Forex Broker

Basic Information

Registered Region
Cyprus
Operating Period
--
Company Name
Redpine Capital Ltd
Abbreviation
XBMarkets
Company employee
--
Customer Service Email Address
support@xbmarkets.com
Contact Number
+35725262719
Company address
Vasili Michaelidi 21-23, Areti Tower, 2nd Floor, 3026 Limassol, Cyprus
Keywords
2-5 years
Regulated in Cyprus
Straight Through Processing (STP)
Suspicious Scope of Business
Medium potential risk

Company profile

Note: XBMarkets's official website: https://www.xbmarkets.com is currently inaccessible normally.XBMarkets Review SummaryFounded2018Registered Country/RegionCyprusRegulationCYSECMarket Instrumentsforex, energy, metals, indices, shares, futuresDemo Account✅Leverage1:200EUR/USD Spreads1.8 pips (Bronze)Trading PlatformsMT5Minimum Deposit$400Customer SupportEmail: support@xbmarkets.comTelephone: +357 25262719Live chatDeposits & WithdrawalsSafeCharge, Skrill, Neteller, Unlimint, Przelewy, and iSXMoneyXBMarkets Information XBMarkets is a regulated brokerage firm that offers six types of trading instruments, including forex, metals, futures, energy, indices, and shares. It also provides various account types—Bronze, Silver, Gold, and Diamond.Pros & ConsProsCons6 Trading InstrumentsHigh SpreadsRegulated by Cyprus Securities and Exchange Commission (CYSEC)High Minimum DepositMetaTrader 5 (MT5) Trading Platform3 customer supportsIs XBMarkets Legit? XBMarkets is regulated by the Cyprus Securities and Exchange Commission (CYSEC), holding a Straight Through Processing (STP) license with the license number 391/20.What Can I Trade on XBMarkets? XBMarkets offers six types of trading instruments: forex, energy, metals, indices, shares, and futures.Tradable InstrumentsSupportedForex✔Energy✔Metals✔Indices✔Shares✔Futures✔Accounts Type XBMarkets offers four types of live trading accounts: Bronze, Silver, Gold, and Diamond. The Bronze account is suitable for beginners, the Silver account for intermediate traders, the Gold account is designed for experienced traders, and the Diamond account is suitable for high-net-worth individuals and professional traders. XBMarkets offers demo accounts and the account opening process is relatively simple and quick. Users need to register for a personal account, fill out the application form, and submit it.Account TypeMinimum DepositStock CommissionMax Leverage (Retail)Max Leverage (Professional)Target AudienceBronze$400$0.30 per share1:301:200BeginnersSilver$10,000$0.25 per share1:301:200Intermediate TradersGold$50,000$0.20 per share1:301:200Experienced TradersDiamond$100,000$0.15 per share1:301:200High-Net-Worth Individuals & ProfessionalsLeverage XBMarkets offers different leverage levels for retail clients based on the asset class. For Retail Clients:Asset classLeverageForex Majors1:30Forex Minors1:20Major Indices1:20Minor Indices1:10Gold1:20Metals1:10Energies1:10Futures1:10Stocks1:05 For Professional Clients:Asset classLeverageFX1:200Indices1:100Metals including Gold1:100Energies1:100Futures1:50Shares1:05XBMarkets Spreads XBMarkets offers varying spreads by account type: the Bronze account starts at 1.8 pips, the Silver at 1.6 pips, the Gold at 1.4 pips, and the Diamond at 1.2 pips.Account TypeSpreads Starting FromBronze1.8 pipsSilver1.6 pipsGold1.4 pipsDiamond1.2 pipsTrading Platform XBMarkets offers the MT5 trading platform to users, available on both desktop and mobile devices.Trading PlatformSupportedAvailable DevicesSuitable forMT5✔Mobile and Desktop(Windows & macOS)Experienced TraderMT4❌Mobile and Desktop(Windows & macOS)BeginnerDeposits & Withdrawals XBMarkets supports deposits through various methods, including SafeCharge, Skrill, Neteller, Unlimint, Przelewy, and iSXMoney, with deposits processed immediately.

Rating Index

How to login to XBMarkets?
xbmarkets Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a xbmarkets Account To begin your journey with xbmarkets, the first step is to register for an account. The registration process is straightforward and can be c

  

xbmarkets Forex Broker - Complete Information Guide

  

1. Broker Overview

  xbmarkets broker, officially known as Red Pine Capital Ltd, was established in 2018. The company is headquartered in Limassol, Cyprus, at Vasili Michael Idi 21-23, Areti Tower, 2nd Floor, 3026 Limassol. It operates as a private entity and primarily serves clients within the European Economic Area (EEA), focusing on retail forex trading and other financial instruments.

  Since its inception, xbmarkets has aimed to provide a comprehensive trading experience, catering to both novice and experienced traders. The broker has made significant strides in establishing itself within the competitive forex market, leveraging its regulatory framework and technological advancements. One of the key milestones in its development was obtaining regulation from the Cyprus Securities and Exchange Commission (CySEC), which has helped enhance its credibility and attract a diverse clientele.

  As a regulated brokerage, xbmarkets operates on a Straight Through Processing (STP) model, which means trades are executed directly in the market without any dealing desk intervention. This model is designed to provide clients with the best possible prices and faster execution times, thereby ensuring a more efficient trading environment.

  

2. Regulation and Compliance Information

  xbmarkets broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 391/20. This regulation ensures that the broker adheres to strict guidelines aimed at protecting clients' interests and maintaining market integrity.

  The CySEC regulation is valid for all trading activities conducted under the xbmarkets brand, providing clients with a sense of security. In addition to regulatory oversight, xbmarkets maintains a policy of segregating client funds from its operational funds, ensuring that client assets are protected in the event of any financial difficulties faced by the broker.

  Moreover, xbmarkets participates in the Investor Compensation Fund (ICF) for customers of Cypriot investment firms, which offers additional protection for clients' funds. The broker also complies with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, implementing thorough verification processes to prevent illicit activities.

  

3. Trading Products and Services

  xbmarkets broker offers a diverse range of trading products, catering to various trading preferences. The broker provides access to over 100 currency pairs, including major, minor, and exotic pairs. This extensive selection allows traders to engage in a wide variety of forex trading strategies.

  In addition to forex, xbmarkets offers Contracts for Difference (CFDs) across multiple asset classes, including:

  • Indices: Trade major global stock market indices.
  • Commodities: Access to commodities such as gold, silver, and crude oil.
  • Stocks: Invest in shares of prominent companies across various sectors.
  • Futures: Engage in futures contracts on commodities and currencies.

  The broker continuously updates its product offerings, ensuring that clients have access to the latest market trends and instruments. xbmarkets also provides retail trading services and has the capacity to cater to institutional clients, offering tailored solutions to meet their specific needs.

  

4. Trading Platforms and Technology

  xbmarkets broker supports the MetaTrader 5 (MT5) trading platform, which is available on both desktop and mobile devices. This platform is widely recognized for its user-friendly interface, advanced charting tools, and a variety of technical indicators, making it suitable for traders of all experience levels.

  The broker does not offer a proprietary trading platform but focuses on providing a robust trading experience through MT5. The platform supports automated trading systems known as Expert Advisors (EAs), allowing traders to implement automated strategies effectively.

  In terms of execution, xbmarkets operates on an STP model, ensuring that trades are executed directly in the market. The broker's servers are located in the United States, contributing to fast execution speeds and reliable connectivity.

  Additionally, xbmarkets provides API access for clients interested in algorithmic trading, allowing for enhanced trading capabilities and integration with third-party trading tools.

  

5. Account Types and Trading Conditions

  xbmarkets broker offers several account types to cater to different trading needs, including:

  • Bronze Account: Minimum deposit of $400, spreads starting from 1.8 pips, and suitable for beginners.
  • Silver Account: Minimum deposit of $10,000, spreads starting from 1.6 pips, aimed at intermediate traders.
  • Gold Account: Minimum deposit of $50,000, spreads starting from 1.4 pips, designed for experienced traders.
  • Diamond Account: Minimum deposit of $100,000, spreads starting from 1.2 pips, tailored for high-net-worth individuals and professional traders.

  Each account type has specific features and benefits, allowing traders to choose an account that aligns with their trading preferences and investment capabilities.

  xbmarkets provides a demo account option for clients to practice trading strategies without risking real funds. The broker supports various leverage options, with a maximum leverage of 1:30 for retail clients and 1:200 for professional clients, depending on the asset class.

  

6. Fund Management

  xbmarkets broker supports a variety of deposit and withdrawal methods to facilitate easy fund management for clients. The available deposit options include:

  • Bank Transfers
  • Credit/Debit Cards
  • E-Wallets: Including Skrill, Neteller, and SafeCharge.

  The minimum deposit requirement varies by account type, starting at $400 for the Bronze account. Deposits are typically processed instantly, while bank transfers may take 3-7 business days.

  In terms of withdrawal, xbmarkets aims to process requests within one business day. Withdrawal options mirror the deposit methods, with potential fees imposed by third-party payment service providers. The broker does not charge clients for withdrawals, but clients should be aware of any fees that may be applied by their banks or payment processors.

  

7. Customer Support and Educational Resources

  xbmarkets broker values customer support and offers multiple channels for clients to reach out for assistance, including:

  • Phone Support: Available at +357 25262719.
  • Email Support: Clients can contact support via email at support@xbmarkets.com.
  • Live Chat: For immediate assistance.
  • Social Media: Engagement through various platforms.

  The broker provides support in multiple languages, ensuring effective communication with clients from diverse backgrounds.

  In addition to customer support, xbmarkets offers educational resources to help traders improve their skills and knowledge. These resources include webinars, tutorials, and market analysis reports, empowering clients to make informed trading decisions.

  

8. Regional Coverage and Restrictions

  xbmarkets broker primarily serves clients within the European Economic Area (EEA), with a significant presence in countries like Poland, Cyprus, and Germany. However, it does not accept clients from certain jurisdictions, including the United States and Belgium, due to regulatory restrictions.

  The broker operates within a well-defined regulatory framework, ensuring compliance with local laws and regulations. As such, clients can expect a secure and transparent trading environment while engaging with xbmarkets.

  In summary, xbmarkets broker is a regulated and reputable brokerage that offers a diverse range of trading products and services. With a commitment to customer satisfaction and compliance, it provides traders with the tools and resources necessary for a successful trading experience.

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Latest Reviews

Puskar Adhikari

Puskar Adhikari

Portugal

My money is lost. As the withdrawal is pending and no body replies at customer service

Exposure

2024-12-23

Robins Lu

Robins Lu

Singapore

After trading with this broker for a year, I even made a small profit. Last year, when I tried to trade with this broker again, it was gone, and I was very confused...

37130

2024-08-07

Tan Liang Jin

Tan Liang Jin

Singapore

Spread levels are generally stable, and the overnight interest rates are reasonable. It's a decent setup for regular trading activities.

Positive

2024-06-26

XBMarkets Forex Broker has an overall rating of 6.15, Regulatory Index 5.50, License Index 5.76, Business Index 6.83, Software Index 4.95 Risk Control Index 8.90.