XCFD Forex Broker

Company NamexCFD Registered Country/AreaVanuatu Founded Year2013 RegulationUnregulated Minimum Deposit$100 Maximum Leverage1:100 SpreadsFixed at 0.1 pips Trading PlatformsProprietary platform (desktop & mobile) Tradable AssetsForex (over 100 pairs), Stocks, Bonds, Commodities, Indices, Binary Options Account TypesStandard Account (only option) Demo AccountYes Customer Support24/7 via email, phone, and live chat Deposit & WithdrawalCredit/debit cards, bank transfers, e-wallets (no hidden fees) Educational ResourcesLimited resources (free lessons & webinars)Overview of xCFD xCFD is a broker established in 2013, offering a wide range of trading instruments including forex, stocks, commodities, indices, and binary options. It is known for its robust security measures, competitive spreads, and a user-friendly trading platform available on both desktop and mobile devices.Pros and Cons ProsCons Wide range of trading instrumentsUnclear regulatory status Competitive spreadsMixed reviews on customer service Multiple leverage optionsPotential issues with withdrawals User-friendly trading platformsLimited educational resources Pros: Wide Range of Trading Instruments: XCFD offers a diverse selection of trading options, including forex pairs, commodities, indices, and cryptocurrencies, satisfying various trading strategies.Competitive Spreads: The platform provides tight spreads, which can be advantageous for traders looking to minimize trading costs.Multiple Leverage Options: XCFD offers different leverage levels, allowing traders to manage their risk and trading positions more effectively.User-Friendly Trading Platforms: XCFD provides intuitive and accessible trading platforms suitable for both beginners and experienced traders. Cons: Unclear Regulatory Status: XCFD's regulatory status is not well-defined, which can be a concern for traders looking for a regulated and secure trading environment.Mixed Reviews on Customer Service: There are varying opinions on the quality of customer support, with some users reporting difficulties in resolving issues.Potential Issues with Withdrawals: Some traders have experienced problems with withdrawing funds, which could impact the overall trading experience.Limited Educational Resources: The platform's educational materials are not extensive, which can be a disadvantage for new traders seeking guidance and learning opportunities.Regulatory Status xCFD claims to be a well-regulated broker with strong security measures for both personal data and financial transactions. They reportedly have offices worldwide, but are headquartered and registered in New Zealand.Market Instruments xCFD offers trading in over 100 currency pairs, stocks, bonds, commodities, indices, and binary options. This diverse range of instruments allows traders to build varied portfolios.Account Types Standard Account: The only account type available, it requires a minimum deposit of $100. It includes access to all trading instruments and the broker's platform features, making it suitable for both beginners and experienced traders.Leverage The maximum leverage offered by xCFD is fixed at 1:100. This leverage level is designed to balance potential profit opportunities with risk management.Spreads & Commissions xCFD offers fixed spreads at 0.1 pips with no additional hidden fees or commissions. This transparency ensures traders know their costs upfront.Trading Platform xCFD provides a proprietary trading platform available on both desktop and mobile devices. It is designed for ease of use, allowing quick installations and smooth operation for traders of all levels.Deposit & Withdrawal xCFD supports various payment methods including credit/debit cards, bank transfers, and e-wallets. There are no hidden fees associated with deposits or withdrawals, making transactions straightforward and cost-effective.Customer Support xCFD offers 24/7 customer support in multiple languages. Support can be accessed through email, phone, and live chat, ensuring assistance is always available.Educational Resources xCFD provides some educational resources including free lessons and webinars. However, the range might not be extensive enough for all traders, especially those new to the market.Conclusion xCFD is a solid choice for traders looking for a broker with strong security measures, competitive spreads, and a wide range of trading instruments. However, it has some limitations such as fixed leverage, limited account types, and somewhat sparse educational resources. Overall, it offers good reliability and customer support, making it a viable option for many traders.FAQs Does xCFD offer a demo account？ Yes, xCFD provides a demo account for traders to test the platform without making an initial deposit. Are there any hidden fees or commissions with xCFD？ No, xCFD operates with fixed spreads and no hidden fees or commissions. How can I contact xCFD customer support？ Customer support is available 24/7 via email, phone, and live chat.Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.