Xtreme Markets Forex Broker

AspectInformationCompany NameXtreme Markets LTDRegistered Country/AreaMarshall IslandsFounded Year5-10 yearsRegulationMauritius RegulationTradable AssetsForex, Cryptocurrencies, Indices, StocksAccount TypesCent Account, Prime Account, Platinum Account, Royal Account, and Power-Up Bonus AccountDemo AccountAvailableIslamic AccountAvailable for all account typesMinimum Deposit$5Maximum Leverage1:1000Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5)Payment MethodsVisa, Bitcoin, Neteller, Skrill, Wire Transfer, MasterCard, Online Naira, Pay Trust, Help2 PayCustomer SupportEmail: support@xtrememarkets.com, Phone: +357 96673007, Live ChatOverview of Xtreme Markets Xtreme Markets, an online forex trading platform, offers a range of trading instruments, including forex, cryptocurrencies, indices, and stocks. The account types offered by Xtreme Markets include Cent Account, Prime Account, Platinum Account, Royal Account, and Power-Up Bonus Account, catering to different levels of experience and investment preferences. Pros & Cons XtremeMarkets offers a diverse range of trading instruments, including Forex, Cryptocurrencies, Indices, and Stocks, with multiple account types (Cent, Prime, Platinum, Royal, and Power-Up Bonus Accounts) to suit different trading styles. Traders benefit from high leverage up to 1:1000, access to MetaTrader MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and useful trading tools and educational resources. ProsConsOffers a range of trading instruments including Forex, Cryptocurrencies, Indices, and Stocks/Provides different account typesLeverage up to 1:1000MetaTrader 4 (MT4) and MetaTrader 5 (MT5) availableProvides a range of trading toolsRich educational resources Is XtremeMarkets Legit? Xtreme Markets is regulated by the Financial Services Commission of Mauritius. It is under offshore regulation, holding a Retail Forex License with the license number GB22200951.Market Instruments Forex: Forex, also known as foreign exchange, is an over-the-counter market where traders can buy, sell, exchange, and speculate on currencies. XtremeMarkets provides access to forex trading with various currency pairs available for trading. Some of the major currency pairs offered include EURUSD, GBPUSD, USDJPY, and USDCAD, along with other crosses and exotics. Traders can access these currency markets 24 hours a day during the trading week through XtremeMarkets' trading platform. Cryptos: Cryptocurrencies are digital forms of money in a decentralized blockchain system. XtremeMarkets provides trading opportunities for popular cryptocurrencies like Bitcoin, Litecoin, Ethereum, and more. Traders can buy and sell these cryptocurrencies on the platform. Cryptocurrency trading products include BTCUSD, ETHBTC, LTCUSD, EOSUSD, XRPUSD, and others. Each cryptocurrency has its own trading specifications, such as contract size, minimum trade size, digits, margin percentage, swap rates, and spread. Indices: Indices represent the price performance of a group of shares from an exchange, providing traders with exposure to the overall economy through a single position. XtremeMarkets offers a variety of indices for trading, including AUS200, ESP35, EUSTX50, FRA40, UK100, GER30, JPN225, NAS100, SPX500, US30, HKG50, and more. Each index has specific trading specifications, such as contract size, minimum trade size, digits, margin percentage, swap rates, and spread. Stocks: Stocks represent ownership shares in a company and provide opportunities for traders to invest in various globally renowned companies. XtremeMarkets offers a range of stocks for trading, including Apple, Amazon, Facebook, and others. Each stock has its own trading specifications, such as contract size, minimum trade size, digits, margin percentage, swap rates, and spread. Trading sessions for stocks vary depending on the specific stock and are available during designated server times.Metals & Energies Metals trading usually involves gold and silver. Metals trading is closely linked to the overall global economy and the outlook for major currencies. XtremeMarkets offers a secure platform for trading precious metals like gold and silver and energies like crude oil and natural gas. XtremeMarkets offers competitive spreads, leverage options, and real-time market updates to help you diversify your portfolio and make informed trading decisions. Account Types at XtremeMarkets XtremeMarkets offers multiple account types tailored to different trading styles and experience levels:Cent Account Ideal for beginners or traders who want to start with minimal risk, the Cent Account requires a minimum deposit of $10. It offers spreads from 1.2 pips and maximum leverage of 1:1000, making it accessible for small-scale trading. No commission is charged on trades.Prime Account Designed for intermediate traders, the Prime Account requires a minimum deposit of $10. It features spreads from 0.9 pips and leverage up to 1:1000, providing a balanced approach for growing portfolios.Platinum Account The Platinum Account requires a minimum deposit of $200 for advanced traders seeking tighter spreads. It offers spreads from 0.6 pips, maximum leverage of 1:1000, and includes additional benefits such as a dedicated account manager and priority customer support.Royal Account The Royal Account is tailored for high-volume traders and requires a minimum deposit of $10,000. It provides ultra-tight spreads from 0.2 pips, leverage up to 1:400, and exclusive trading conditions, including lower commissions and personalized market analysis.Power-Up Bonus Account This unique account type is designed for traders who want to maximize their capital with bonus incentives. It requires a minimum deposit of $50, and traders receive additional trading credits based on their deposit size.Additional Features Islamic Account: Available for all account types, offering swap-free trading in compliance with Sharia law. Demo Account: Allows traders to practice strategies risk-free with virtual funds. Copy Trading: Enables users to automatically replicate trades from experienced investors. How to Open an Account? Opening a Trading Account with XtremeMarkets is a simple and quick process. Follow these steps to get started. Step 1: Visit the Registration Page: Go to the official XtremeMarkets registration page. Step 2: Fill in your personal details: Enter your name, email, address, phone number etc. Select your country of residence and account currency. Step 3: Verify your identity (KYC Process): To comply with regulations, XtremeMarkets requires identity verification. So, submit the required documents. Step 4: Complete the Application: Read and accept the Terms & Conditions and submit your registration. Step 5: Fund your account: Once approved, log in to your account and deposit funds via:Bank transferCredit/Debit cardAny other payment mode Step 6: Start Trading: After funding, you can access Xtreme Markets trading platforms (MT4/MT5) and begin trading. Leverage XtremeMarkets offers different account types with varying spreads and commissions. The Cent Account has a spread starting from 1.2 pips with no commission. The Prime Account offers a spread from 0.9 pip and no commission. The Platinum Account provides direct market access with raw spreads and no commission. The Royal Account has spreads from 0.2 pips with a $2 commission. The Power Up Bonus Account offers spreads starting from 1.2 pips, unlimited trade volume, and no commission for forex pairs. Spreads & Commissions XtremeMarkets offers different account types with varying spreads and commissions. The Cent Account has a spread starting from 1.2 pips with no commission. The Prime Account offers a spread from 0.9 pip and no commission. The Platinum Account provides direct market access with raw spreads and no commission. The Royal Account has spreads from 0.2 pips with a $2 commission. The Power Up Bonus Account offers spreads starting from 1.2 pips, unlimited trade volume, and no commission for forex pairs. Deposit & Withdrawal XtremeMarkets offers a range of deposit methods to cater to different preferences and needs. These options include Visa, Bitcoin, Neteller, Skrill, Wire Transfer, Master Card, Online Naira, Pay Trust, and Help2 Pay. With XtremeMarkets, there are no fees charged for any of these payment methods, which can be advantageous for traders. The minimum deposit amounts vary depending on the method chosen, ranging from $5 to $500, while the maximum deposit amounts typically go up to $10,000 or are unlimited in the case of Wire Transfer. Visa, Bitcoin, and Master Card deposits process relatively quickly, with funds credited to the trading account in up to 10 minutes. Neteller, Skrill, Online Naira, Pay Trust, and Help2 Pay offer instant deposit capabilities. However, Wire Transfer deposits may take 2-7 working days to reflect in the trading account.PAMM Trading with XtremeMarkets: Xtreme Markets offers PAMM (Percentage Allocation Management Module) accounts, allowing skilled traders to manage funds on behalf of investors. Investors can allocate capital to experienced PAMM managers, who trade on their behalf while earning a performance-based fee. This system provides a hands-free investment opportunity for passive traders, while managers benefit from additional capital. PAMM accounts feature transparent performance tracking, risk management tools, and flexible profit-sharing models.Copy Trading with XtremeMarkets Xtreme Markets supports Copy Trading, enabling traders to automatically replicate successful investors' trades in real time. This feature is ideal for beginners or those who prefer a passive trading approach, as it allows users to follow and mirror the strategies of top-performing traders. The platform provides detailed trader statistics, risk level indicators, and customizable copy settings to align with individual risk tolerance. With no manual intervention required, copy trading simplifies market participation while offering learning opportunities. Trading Platforms XtremeMarkets offers its clients access to two widely recognized and popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are highly regarded in the industry and provide traders with advanced tools and features for an enhanced trading experience. MetaTrader 4 (MT4) is widely used and is considered one of the most popular trading platforms worldwide. It offers a user-friendly interface and a comprehensive range of trading tools, including customizable charts, technical indicators, and automated trading capabilities. Traders can access MT4 on desktop and mobile devices. MetaTrader 5 (MT5) is an advanced trading platform that builds upon the success of MT4. It offers additional features and functionalities, catering to the needs of more experienced traders. With MT5, traders can access an extended range of markets, including stocks and futures, in addition to the forex market. The platform provides advanced charting tools, multiple timeframes, and a built-in economic calendar, enabling traders to make informed trading decisions. Trading Tools Trading Tools offered by XtremeMarkets include a range of useful features to enhance traders' decision-making and risk management capabilities. One of these tools is the Forex Holidays calendar, which provides a comprehensive list of worldwide holidays that may impact Forex trading. This allows traders to plan their strategies and adjust their positions accordingly. Another valuable tool is the Position Size Calculator, which enables traders to analyze real-time values based on current market prices. By inputting relevant information, such as account currency, risk percentage, and stop loss levels, traders can accurately determine their position size and manage their risk. The Pip Calculator is yet another useful tool offered by XtremeMarkets It assists traders in calculating the value of pips for their desired trades in the Forex market. This feature enables traders to understand the potential profit or loss associated with their chosen trade sizes, contributing to informed decision-making. Additionally, XtremeMarkets provides an Economic Calendar, which helps traders stay updated on market-moving economic events worldwide. This calendar offers an easy way to track and monitor important economic updates that can significantly impact the financial markets. By staying informed about these events, traders can adjust their strategies accordingly and seize potential trading opportunities. Educational Resources XtremeMarkets provides a range of educational resources to assist traders in expanding their knowledge and understanding of the forex market. One of their offerings is the XtremeMarkets e-Course, which focuses on providing comprehensive forex education. By opening a XtremeMarkets Demo or Live Account and logging into the Trader's Room, users can access the e-Course under the 'EDUCATION' tab. This course covers various topics, from the fundamental reasons behind the existence of the forex market to essential strategies that form the basis of comprehending its dynamics. For beginners, XtremeMarkets offers a Beginner Course, Elementary Course, Intemediate Guide and an Experienced Guide. All these courses are designed to introduce newcomers to the basic concepts of forex trading and, for other traders, serve as a steppingstone for further advancement in their trading careers. Additionally, XtremeMarkets organizes webinars to provide traders with the latest insights and tools to enhance their trading experience. These webinars cover various topics, including market updates, risk management strategies, and other relevant aspects of forex trading. By participating in these webinars, traders can gain valuable insights and stay up to date with the latest market trends and developments. Furthermore, XtremeMarkets keeps traders informed about the latest news and market updates. Through their platform, traders can access information about upcoming market events, economic indicators, and other relevant news that can impact forex trading. This feature enables traders to stay informed and make well-informed trading decisions based on the current market conditions. Customer Support XtremeMarkets offers customer support services through multiple channels to assist traders with their queries and concerns. One of the options available is email support, where customers can reach out to the company by sending an email tosupport@xtrememarkets.com. This method allows users to communicate their questions or issues in writing, providing a record of their correspondence. In addition to email support, XtremeMarkets provides a phone number, +35796673007 for customers to contact their support team. This direct line of communication enables traders to seek assistance and receive real-time responses to their inquiries. Phone support can be particularly beneficial for individuals who prefer verbal communication or have urgent matters that require immediate attention. Furthermore, XtremeMarkets offers a live chat feature on their platform. Conclusion In conclusion, XtremeMarkets is a licensed and a regulated broker under FSC. With competitive spreads, flexible leverage up to 1:1000, and multiple account types, the broker caters to traders of all levels—from beginners to professionals. Advanced tools like PAMM accounts and Copy Trading provide passive investment opportunities. FAQs Question: What trading instruments are available on XtremeMarkets? Answer: Forex, Cryptocurrencies, Indices, Metals & Energies and Stocks for trading. Question:What leverage does XtremeMarkets offer? Answer: Up to 1:1000. Question:What are the deposit and withdrawal methods on XtremeMarkets? Answer: XtremeMarkets offers various deposit methods, including Visa, Bitcoin, Neteller, Skrill, and more. Withdrawals can be made using the same methods. Question:What trading platforms are available on XtremeMarkets? Answer: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Question: Does XtremeMarkets provide educational resources? Answer: Yes, XtremeMarkets offers educational resources, including an e-Course, beginner courses, webinars, and market news updates.