Xtrade Forex Broker

Xtrade Review SummaryFounded2000Registered country/regionBelizeRegulationRevoked(ASIC), Exceeded(FSC), Suspicious Clone(CYSEC)Market InstrumentsCFDs, Indices, Commodities, Shares, Forex, ETFS and BondsDemo AccountAvailableLeverageUnclearSpreadFrom 2 pips to 5 pipsTrading PlatformsXtrades mobile platforms, Xtrade WebTrader and Tablet Trading AppMinimum Deposit$250Customer SupportPhone: +852 58080622;1800 017 5700Email: info@xtrade-dm.netXtrade Information Xtrade is a broker registered in Belize. Xtrade offers a variety of trading products including CFDs list, Indices, Commodities, Shares, Forex, ETFS and Bonds.Pros and ConsProsConsVarious market instrumentsThe current regulatory license has exceededProvides demo accountIs Xtrade Legit?Regulatory AgencyCurrent StatusLicense TypeLicense No.Licensed InstitutionAustralia Securities & Investment Commission(ASIC)RevokedMarket Making (MM)343628Xtrade International LtdFinancial Services Commission (Belize)(FSC)ExceededCommon Financial Service LicenseIFSC/60/383/TS/15Xtrade International LtdCyprus Securities and Exchange Commission(CYSEC)Suspicious CloneMarket Making (MM)108/10Merba LimitedWhat Can I Trade on Xtrade? You can trade dozens of products including CFDs list, Indices, Commodities, Shares, Forex, ETFS and Bonds.Tradable InstrumentsSupportedCFDs list✔Indices✔Commodities✔Shares✔Forex✔ETFS✔Bonds✔Account Type Xtrade offers 4 account types: Standard, Premium, Platinum, and VIP,with minimum deposits ranging from $200 to $25,000.Account TypeMinimum DepositEUR/USD SpreadFeaturesStandard Account$2005 pipsFixed Spreads, Demo Account, Online Chat.Premium Account$1,0003 pipsFixed Spreads, Personalized Training, E-Books, Courses, Video Tutorials.Platinum Account$5,0003 pipsLower Spreads on products, Personalized Training, Webinars, Daily Reports, Resource Library.VIP Account$25,0002 pipsLowest Spreads, All features from other accounts, Priority Support.Xtrade Fees Xtrade offers commission-free trading with spreads as the primary cost, no deposit or withdrawal fees, and inactivity fees of $50 per month after 3 months or up to $100 per month after 1 year of inactivity.Fee TypeDetailsTrading FeesNo commissionsSpreads: from 2 pips to 5 pipsDeposit Fees & Withdrawal FeesNoInactivity Fee$50 per month after 3 months of inactivity. Up to $100 per month after 1 year of inactivity.Dormant Account FeeUp to $100 per month for accounts inactive for one year or more.Trading Platform Xtrade provides Web Trader, mobile trading App and Tablet trading app for its users.Trading PlatformSupportedAvailable DevicesSuitable forXtrade WebTrader✔WebPeople with computersMobile Trading App✔IOSiPhone usersTablet Trading App✔TabletPeople with tabletDeposit and Withdrawal Xtrade supports various payment methods with transaction limits. Other supported methods include WeChat Pay, Webmoney, DineroMail, ecoPayz, Giropay, and Sofort.etc. Deposits and withdrawals require no fees. Minimum deposit is $250.Payment MethodMax Transaction LimitNotesVisa / Mastercard$15,000 USDDeposits and withdrawals processed via the same method.UnionPay$15,000 USDBank TransferUnlimitedWithdrawal amounts will be returned to the same bank account.Wire2Pay$15,000 USDAliPay5,000 CNYOthers payment methodsfrom 150EUR to unlimited