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.
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.
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:
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.
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.
xbmarkets broker offers several account types to cater to different trading needs, including:
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.
xbmarkets broker supports a variety of deposit and withdrawal methods to facilitate easy fund management for clients. The available deposit options include:
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.
xbmarkets broker values customer support and offers multiple channels for clients to reach out for assistance, including:
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.
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.
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
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
Puskar Adhikari
Portugal
My money is lost. As the withdrawal is pending and no body replies at customer service
Exposure
2024-12-23