XZDL Global Forex Broker

AspectInformationRegistered Country/AreaUnited KingdomFounded YearWithin 1 yearCompany NameXZDL GlobalRegulationNot regulatedMinimum DepositNot specifiedMaximum LeverageUp to 400:1SpreadsProvided, no information on specific spreadsTrading PlatformsFX6 (desktop) and FX6 mobile platformTradable AssetsForex, Metal, Energy, IndicesAccount TypesSingle account typeDemo AccountAvailableIslamic AccountNot specifiedCustomer SupportEmail, web customer servicePayment MethodsWire transfer, debit/credit card, online payment methodsOverview of XZDL Global XZDL Global, based in the UK, is an unregulated broker, meaning it lacks valid authorization and carries potential risks for traders. Despite this, it provides a range of trading opportunities, including forex, metals, energy products, and CFDs on global indices. In the forex market, traders can engage in high-volume currency pair trading (e.g., EUR/USD, USD/JPY). XZDL Global also allows trading of metals like gold (XAU/USD) and silver (XAG/USD) with margin ratios of up to 400:1. For energy traders, the platform offers West Texas Light Crude Oil (WTI) and Brent Crude Oil. Additionally, it offers CFDs on major indices across various regions. Pros and ConsProsConsOffers forex, metal, energy, and indices tradingNot regulated by any valid authorityHigh leverage ratio of up to 400:1Single account type with no optionsProvides FX6 desktop and mobile trading platformsLack of information on deposit and withdrawal processesLimited customer support optionsNo information on spreads and commissionsIs XZDL Global Legit? XZDL Global is not regulated by any regulatory authorities.Market Instruments Forex: Foreign exchange trading involves the conversion of one foreign currency into another, conducted through currency pairs such as EUR/USD or USD/JPY. The foreign exchange market is the largest financial market globally, with a daily trading volume of approximately US$6 trillion. Unlike other markets, foreign exchange transactions occur electronically without a centralized trading center. The market operates 24 hours a day, starting in Wellington and progressing through different financial centers worldwide. XZDL Global provides a range of forex trading products, allowing traders to participate in this dynamic and constantly fluctuating market. Metal: XZDL Global offers trading opportunities in metals, including XAU/USD (Gold) and XAG/USD (Silver). Gold is traded in 100-ounce contracts, while silver is traded in 5,000-ounce contracts. The trading of precious metals is conducted on a margin ratio of up to 400:1, providing potential leverage for traders. These metal products allow traders to speculate on the price movements of gold and silver, taking advantage of market fluctuations. Energy: Crude oil, specifically West Texas Light Crude Oil (WTI) and Brent Crude Oil, is available for trading with XZDL Global. Crude oil is a vital energy resource, and trading it allows investors to capitalize on its price fluctuations. XZDL Global provides spot transactions for WTI-NYMEX and Brent Crude Oil. These energy products enable traders to participate in the crude oil market and potentially benefit from its price movements. Indices: XZDL Global offers trading in contracts for difference (CFDs) on well-known indices across Europe, America, Asia, and Africa. An index represents the overall performance of stocks within a specific market or economic industry. Indices serve as benchmarks and allow investors to speculate on market conditions. Account Types XZDL Global offers a single account type for trading. They do not provide multiple account options with varying features or benefits. Instead, traders are required to utilize a single account for their trading activities.How to Open an Account? To open an account with XZDL Global, follow these simple steps:Visit the XZDL Global website and locate the “Register” option.Click on the “Register” button and provide your email address.Check your email inbox for a verification code sent by XZDL Global.Enter the verification code in the designated field on the registration page.Create a password for your account, ensuring it meets the required criteria.If you have an invite code, enter it in the appropriate field. Otherwise, you can proceed without it.Click on the “Join Us” or similar button to complete the registration process.Leverage XZDL Global offers a high leverage ratio of up to 400:1, allowing clients to amplify their trading positions. This leverage enables traders to potentially maximize their investment returns by increasing their exposure to the financial markets.Spreads & Commissions XZDL Global claims to offer trading with spreads and without charging any commissions.Deposit & Withdrawal XZDL Global offers customers options for depositing and withdrawing funds. These options include wire transfer, debit/credit card, and online payment methods. However, specific details regarding the methods and processes involved in these transactions are not provided. Trading Platforms XZDL Global offers two trading platforms: FX6 for desktop and a mobile platform. The FX6 desktop platform is widely used by investors in various financial markets. It provides efficient transaction execution and low spread quotations for trading over 90 foreign exchange and CFD products. The platform features a user-friendly interface and customizable functions, allowing users to tailor their trading strategies. Rich charts and technical indicators help users stay updated on market trends and seize trading opportunities. The platform also supports the creation of Expert Advisor intelligent trading system programs using MQL language. XZDL Global offers a simulated FX6 platform account for users to practice trading before opening a real account. For mobile trading, XZDL Global offers the FX6 mobile platform compatible with Apple and Android systems. This platform enables users to track market dynamics, view real-time quotes, execute transactions, and access market news on their smartphones or tablets. Users can place orders, view positions on charts, access account information and reports, and utilize 30 technical indicators. Customer Support XZDL Global provides customer support through email and web customer service. Customers can reach out to them via the provided email address, info@xzdlglobal.email. They also offer online support, which is available 24 hours a day, 7 days a week, following GMT time. This means that customers can contact them at any time within the specified working hours.