XTRADE foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.xtrade-dm.net/?cl=1, about the company's legal and temporary regulatory information, the company's address Vasileos Constantinou 140, 3080 Limassol, Cyprus.
XTRADE Forex Broker
Basic Information
Cyprus
5-10 years Suspicious Regulatory License Self-developed Australia Market Making License (MM) Revoked High potential riskCompany profile
Pros
Well-regulated by multiple authorities, including CySEC and ASIC, ensuring a level of security for traders.
Offers a user-friendly proprietary trading platform with advanced analysis tools and mobile trading options.
Provides a variety of bonuses and promotions, which can enhance trading capital for new and existing clients.
Cons
Limited choice of trading platforms as it does not support popular options like MetaTrader 4.
Only one account type is available, which may not suit all traders' preferences or strategies.
Inactivity fees can be high, penalizing traders who do not actively engage with their accounts.
Xtrade Forex Broker - Comprehensive Information Guide
1. Broker Overview
Xtrade, founded in 2003, is a prominent online trading platform owned by XFR Financial Ltd. The company is headquartered in Belize, with additional offices strategically located across various continents, providing services to clients in over 140 countries. Xtrade operates as a private entity, focusing primarily on retail forex and CFD trading.
The broker has evolved significantly since its inception, initially gaining recognition for its innovative approach to CFD trading. Over the years, Xtrade has expanded its offerings, introducing a wide range of financial instruments, including forex, commodities, indices, shares, and cryptocurrencies. A notable milestone in its marketing strategy was the partnership with football superstar Cristiano Ronaldo, who served as an ambassador from 2016 to 2017.
Xtrade's business model revolves around providing retail clients with access to global markets through its proprietary trading platform, which offers a user-friendly interface and a variety of trading tools. The broker aims to cater to both novice and experienced traders, facilitating a seamless trading experience.
2. Regulation and Compliance Information
Xtrade is regulated by several authorities, ensuring a degree of oversight and investor protection. The primary regulatory bodies include:
- Cyprus Securities and Exchange Commission (CySEC) - License No. 108/10
- International Financial Services Commission (IFSC), Belize - License No. IFSC/60/383/TS/15
- Financial Sector Conduct Authority (FSCA), South Africa - License No. FSP 44681
These licenses enable Xtrade to operate under the Markets in Financial Instruments Directive (MiFID II), which provides a framework for investment services across the European Economic Area.
Xtrade implements strict client fund protection measures, including the segregation of client funds in reputable banks, ensuring that traders' capital is safeguarded. The broker adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring clients to verify their identity and address before trading.
However, it is important to note that Xtrade's regulatory status has faced scrutiny, especially following the cancellation of its license by the Australian Securities and Investments Commission (ASIC), which has raised concerns regarding the broker's credibility and trustworthiness in the market.
3. Trading Products and Services
Xtrade offers a diverse array of trading products, primarily through Contracts for Difference (CFDs). Key offerings include:
- Forex: Xtrade provides access to over 52 currency pairs, including major, minor, and exotic pairs, allowing traders to capitalize on fluctuations in the foreign exchange market.
- CFDs: Traders can engage in CFD trading across various asset classes, including:
- Indices: Major global indices such as the S&P 500 and FTSE 100.
- Commodities: Popular commodities like gold, silver, and oil.
- Stocks: Shares from major companies, although Xtrade does not offer direct stock trading.
- Cryptocurrencies: Access to popular cryptocurrencies such as Bitcoin, Ethereum, and Ripple, although availability may vary by region.
Xtrade continuously updates its product offerings, ensuring traders have access to the latest financial instruments. The broker is primarily focused on retail trading services, catering to individual traders rather than institutional clients.
4. Trading Platforms and Technology
Xtrade operates its proprietary trading platform, known as Xtrade WebTrader, which is designed for ease of use and accessibility. Unlike many brokers, Xtrade does not support popular platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which may limit options for traders accustomed to those platforms.
Key Features of Xtrade's Trading Platform:
- Web-Based Access: The platform is accessible via any modern web browser, eliminating the need for downloads and installations.
- Mobile Applications: Xtrade offers dedicated trading apps for both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go.
- Execution Model: Xtrade operates on a Market Making model, where the broker acts as the counterparty to trades, providing liquidity directly to clients.
- Technical Infrastructure: The broker employs advanced technology to ensure fast execution speeds and reliable trading conditions.
Traders can utilize various tools, including real-time charts, technical indicators, and an economic calendar, to enhance their trading strategies.
5. Account Types and Trading Conditions
Xtrade offers several account types tailored to meet the needs of different traders:
- Standard Account: Minimum deposit of $250 with fixed spreads averaging 2-5 pips. This account is suitable for beginners looking to start trading.
- Premium Account: Requires a minimum deposit of $1,000, offering reduced spreads and additional features for more experienced traders.
- Platinum Account: Designed for advanced traders with a minimum deposit of $5,000, providing the best trading conditions and lower spreads.
- VIP Account: For high-net-worth individuals, requiring a minimum deposit of $20,000, offering exclusive benefits and personalized support.
Xtrade provides a demo account for traders to practice without risking real money. The broker offers leverage of up to 1:400, depending on the asset class, which can amplify both potential gains and losses.
6. Fund Management
Xtrade supports a variety of deposit and withdrawal methods, ensuring convenience for its clients:
- Deposit Methods: Options include credit/debit cards, bank transfers, and various e-wallets such as PayPal, Skrill, and Neteller. The minimum deposit requirement varies by account type, starting at $250 for the standard account.
- Withdrawal Methods: Clients can withdraw funds using the same method as their deposits. Xtrade does not charge withdrawal fees, although third-party payment providers may impose their own charges.
- Processing Times: Deposits are typically processed quickly, while withdrawals may take 1-3 business days to complete, depending on the method used.
Xtrade implements a transparent fee structure, with no deposit or withdrawal fees, although an inactivity fee of $50 per month applies to accounts that remain dormant for three months.
7. Customer Support and Educational Resources
Xtrade provides robust customer support to assist traders with their inquiries:
- Support Channels: Available through live chat, email, and a dedicated help center. Customer support operates 24/5, ensuring assistance during trading hours.
- Languages Supported: The platform supports multiple languages, making it accessible to a diverse client base.
- Educational Resources: Xtrade offers a variety of educational materials, including video tutorials, webinars, and market analysis reports. These resources are designed to help traders enhance their knowledge and improve their trading strategies.
The broker's commitment to education and support reflects its aim to empower traders, particularly those new to the financial markets.
8. Regional Coverage and Restrictions
Xtrade serves a global market, with a presence in numerous countries. However, certain regions are restricted from accessing its services:
- Main Markets: Xtrade primarily serves clients in Europe, Asia, and Africa.
- Regional Offices: The broker has offices in various locations to cater to its international clientele.
- Restricted Countries: Notably, residents from the USA, Canada, Iran, North Korea, and certain European countries cannot open accounts with Xtrade.
This regional limitation is important for prospective clients to consider, ensuring they can access the platform's services based on their location.
In conclusion, Xtrade is a well-established broker that offers a range of trading products and services. With a proprietary trading platform, competitive spreads, and a commitment to client education, Xtrade aims to provide a comprehensive trading experience for its clients. However, potential traders should be mindful of its regulatory status and the associated risks before engaging with the platform.
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Latest Reviews
Ernie2810
Philippines
I just want to clamor this company xtrade and all the people who communicated with me specially my account manager because of his negligence i loss my money within few minutes so when i tried to widraw what was left together with my bonus, it was pending and my account manager told me that i need to invest bigger amount of money inorder for me to widraw the money in my account because it was in a low profit...He requires me to deposit 1000usd but i did not deposit anything due to lack of finances and he said that he will wait for me...i message the person who contacted me at first to invest in xtrading and tell her about what happen to my money then she replied that wait for someone to call you. after sometime, someone called me and introduce herself that shes incharge of billing section and she told me that she will help me to widraw my money in my account but i need to pay a processing fee amounting to 5,700 pesos. Long story short, i paid her 5,700pesos thru gcash and after my payment she cannot be contacted anymore until one day, she call me for a reason that her son was hospitalized that's why she's not able to be reach...she explained that my processing fee is ok but i need to invest again atleast 10,000pesos in my account because it was very low profit. everyday, she's always calling at me to invest emmediately so that they will start to process my money in my account but i didn't invest this time because i think that they are scammers, i tried to message them and call their phone numbers but always unattended
Exposure
2024-07-19
FX4064762740
Philippines
They called me and let me deposit manually into their Xtrading Platform. They got me and I deposited 100dollars until such time that they will call you again to offer you a premium account.. to add another 500dollars. During this time, I smell something fisheee, I did not get into their trick, I noticed that something is bad here. That is why, I requested to withdraw my 100dollar and they did not return it to my bank account.. Stay away from this platform! Xtrading is a Scam!!!!!
Exposure
2024-06-28
LiuJian-Hao
Taiwan
As I mentioned in the title. For gold, the spread is very small, half the time I can't even see it on the user interface. When trading forex, the spread for major currency pairs is less than 0.2 pips. Other brokers have at least 1 pip, so this seems to be the lowest spread here. The only downside is that I haven't found a way to implement robot trading here. But for trading with my own hands, this is a great platform.
37130
2025-06-19
SatoshiOkamoto
Japan
Leverage is not high, but I understand that for newer traders its risky, and the platform overall is catered to those who have enough money to be trading stocks or high lots in forex. If you want to just risk it all with 1000x leverage and 1000 yen, this is not the platform to do that with. They are more for stable traders, that log in almost every day and earn some small % profit. At least, thats what I think, after trading here for a few years now.
37130
2025-06-17
TakumiTanaka
Japan
After using it for a while, I didn't quite understand it at first, but I have come to appreciate its goodness recently. It's simple and neat, but it has a unique look. Also, I thought it was good that when I inquired about something, I received a response in a few minutes. Since I don't have much time to devote to trading, I try to trade multiple stocks at once, which I think suits me. I only have one monitor, but I can display the necessary information on one screen. Also, it was too bright as it was, so I use it in night mode.
Positive
2025-06-16
XTRADE
News
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The forex market is like an ocean, with many brokers operating within it. Therefore, it is always mandatory to check the regulation and license of any broker before investing. In the case of XTRADE forex broker, we carefully checked its XTRADE regulation and regulatory status. In addition, we explored XTRADE reviews to determine whether it is a good broker to invest with or a potential scam to avoid. Read this XTRADE Broker Analysis article to learn the truth.
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XTRADE has more than 10 years of experience in the forex market. It is an online forex broker offering a wide range of financial instruments, including commodities, forex, indices, etc. However, recently we find out that this broker’s score is reduced and many traders feel upset about XTRADE. We are curious about the situation that XTRADE is currently in. Therefore, WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyze the reliability of this broker from specific information, regulation, exposure, etc.
Solange Peres
Brazil
My story is not different from others. I started with small investments and the team of Marcos Mello, Santiago, Julia, Gustavo da Silva, and my personal consultant Carlos Smith simply wiped out all my money. I started with a small application and a kind of "theater" was performed when Marcos Mello called me saying that a bad operation had been opened and that if I didn't deposit more money, I would lose everything. After new deposits, there were always operations with incredible profits, and in a short time, I had already invested about $50,000. When I indicated that I wanted to make a withdrawal, an advisor named Julia, in a very emphatic way, told me that I should open positions to protect the capital, that she was a professional, and I should follow her advice. Just 15 minutes later, Marcos called me and said that if I didn't deposit $20,000, I would lose everything. The account practically closed, leaving less than $10,000. When I stopped making deposits, they stopped giving me opening suggestions.
Exposure
2024-09-13