Xtrade Review 97
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The website looks a bit outdated, but the live customer service is fast, and I like it.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.
I think xtrade is good. Despite using its own trading software, this broker seems to be loved by many traders. The minimum deposit amount gives the impression of being slightly higher than other brokers, but there are types of accounts available that match the pricing. I believe that traders of various levels can trade with the necessary conditions and benefits.
The maximum leverage here is 1:400. I think it is ideal for those who want to experience trading with high leverage. It's like touching a boiling kettle (laughs)... because all my acquaintances trade with high leverage and withdraw their hands in a few minutes... no, in a few seconds. So, in order to trade wisely, I aim to make a steady profit with low leverage. I hope others will try this method as well.
I heard and read in reviews and forums that this broker has recently gained a lot of support from traders in this region. I also saw several reviews from experts about this service, and the reputation of xtrade was good.
