Xtrade Review 96
For me, as an experienced trader, it was essential to get not only a high-quality platform with a large selection of assets. But also ability to trade using mobile app. Everyone knows that Xtrade has its own unique platform. And for this reason, mobile app of this broker also has a unique interface. The unique interface has both advantages and disadvantages, which is obvious. And obvious that here are more advantages
Compared to other brokers, the trading costs of this broker are higher: my EUR/USD spread is 5 pips, and the Bitcoin spread is $200-300. But all of this is compensated for by the large initial bonus. I received a large bonus when depositing, and also received a decent bonus when verifying my phone ($25 cash) and verifying my account (10% of the deposit). This is a total of 35% of my deposit, so even if Xtrade's fees are 10-20% higher than elsewhere, I can still make a big profit. That's how I think. However, to trade here, you must have confidence in the quality of your trades. The bonus can only be withdrawn to my bank account after I have completed enough trades, not immediately. It requires a large number of trades to develop the habit.
Taiwanese traders can only use three payment methods: bank cards, wire transfers, and UnionPay. I used a bank card as the deposit method and also withdrew funds using the same bank card. It took two days for the funds to be credited, but please remember that it did not exceed the limit. I am referring to the amount I deposited. In summary, the process went smoothly. If you make an inquiry before 12 o'clock, the withdrawal request will be approved on the same day.
I have achieved some of the biggest profits I have made on this platform, and I have also incurred some of the biggest losses. The fact is that the broker provides me with everything I need to succeed. Their special platform contains the necessary tools for analysis of all kinds, but there may be additions to help me manage risks.
I like the fact that leverage varies depending on the asset. Some platforms don't even care about the risk and throw us into the pond, telling us to "swim," without even giving us the opportunity to understand how to properly manage the risk. However, xtrade's platform has the following features. You can trade FX with leverage of up to 400 times, but you can only trade cryptocurrencies with leverage of up to 50 times. In other words, this platform is teaching us how to evaluate risk. I trade BTC with leverage of 50 times, and I believe it is safe enough, so I think my deposits are also safe. Sometimes, I feel that the leverage is not enough, but on the other hand, losses are reduced, so I want to consider it as a good thing.
The website looks a bit outdated, but the live customer service is fast, and I like it. There is an option to attach screenshots, which makes the process very simple. If there is no screenshot, I would have to describe my technical issue like writing an article, but in this case, I just need to upload the image and they will respond, which is great.
The reason I use this place is because as far as I know, Xtrade is quite popular in the trading community, and many traders have said, "This is an old broker," so I thought it was trustworthy. However, it took me a little time to register here, understand the system, and get used to it. I am still a beginner in the world of trading. 😃
The deposit and withdrawal methods of xtrade are not very extensive, but at least they cover the costs associated with deposit and withdrawal. There is no need to worry about fees, so in this regard, it can be said that it is a user-friendly platform. I use the usual credit card. The funds were deposited in full within a few minutes. Also, with the dashboard, you can replenish your account with just a few clicks without any hassle. It's convenient and saves time, so it feels good.
