Xtrade Forex Broker

XtradeReview SummaryFounded2022-07-18Registered Country/RegionBelizeRegulationExceeded(FSC)/Revoked(ASIC)/Suspicious Clone(CYSEC)Market InstrumentsCFDs, Indices, Commodities, Shares, Forex, ETFs, Bonds, and moreDemo Account✅LeverageUp to 1:400SpreadFrom 2 pipsTrading PlatformXtrade(Web/Mobile/Tablet)Min Deposit$250(Standard account: $200)Customer Support（24/7）Email: info@xtrade-dm.net/support@xtrade-dm.netTel: +852 58080622Fax: +61(2)99292055(Australia)/+44(0)2081049401(UK)Social Media: Facebook, Twitter, LinkedIn, Instagram, YouTubeXtrade Information Xtrade is an experienced online broker specializing in helping investors build diversified investment portfolios. Through Xtrade, investors can access multiple markets including CFDs, Indices, Commodities, Shares, Forex, ETFs, Bonds, and moreon the Xtradetrading platform. Xtrade also provides demo accounts and 4 live accounts with leverage starting from 1:400 on Forex, and this broker says it offers 24/7 customer support. However, Xtrade still has risks due to some comments about its high trading spread.Pros and ConsPros Cons Leverage up to 1:400Exceeded(FSC)/Revoked(ASIC)/Suspicious Clone(CYSEC)Demo account availableSome negative Comments24/7 customer supportSpreads from 2 pipsVarious tradable instrumentsMT4/MT5 availableaccessible office websiteFirst deposit bonus up to $5000Is Xtrade Legit? It is relatively safe for investors to conduct financial activities in regulated entities. The regulatory information of this broker is as follows:Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberCurrent StatusFSCXtrade International Ltd.Common Financial Service LicenseIFSC/60/383/TS/15ExceededASICXtrade International LtdMarket Making(MM)343628RevokedCYSECMerba LimitedMarket Making(MM)108/10Suspicious CloneWhat Can I Trade on Xtrade? Traders can choose different investment directions because the broker provides traders with access toForex, CFDs, Indices, Commodities, Shares, ETFs, Bonds, and more.Tradable Instruments Supported Forex✔CFDs✔Indices✔Commodities✔Shares✔ETFs✔Bonds✔Account Type Xtrade offers four account types. Traders who own more deposits can choose a VIP account, while those with a small budget can open a Standard account. If you are in between, you can choose the Premium account or the Platinum account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.Account Type StandardPremiumPlatinumVipMinimum Deposit$200$1000$5000$25000Minimum spread(EURUSD)5 pips3 pips3 pips2 pipsCommission Free Deposits✔✔✔✔Demo account✔✔✔✔Xtrade Fees The spread is from 2 pips. The spread is more than 1pips, which is relatively high and the liquidity is relatively poor.Leverage The maximum leverage is 1:400 meaning that profits and losses are magnified as well as gains.Trading Platform Xtrade provides a Proprietary platform available for web, mobile, and print versions. Traders can choose the method that suits them to access and conduct trading-related activities.Trading PlatformSupported Available Devices Suitable for Xtrade APP✔Web, Mobile, TabletAll tradersDeposit and Withdrawal The minimum amount to deposit is 250 USD. Xtrade accepts credit/debit cards, bank transfers, American Express, and more options for deposits and withdrawals. Withdrawal requests take up to five business days to process. Third-party withdrawal payment methods (i.e. credit card company, wire transfer bank, or intermediary bank delays) In extreme cases, delays of 3 weeksBonus Xtrade offers a first deposit bonus of up to $5000, a 100% bonus.