Xtrend 2025 Review: Everything You Need to Know
Xtrend, a forex and CFD trading broker, has garnered attention in the trading community for its competitive offerings and regulatory framework. However, opinions on its reliability and service quality vary significantly among users and experts. This review synthesizes the most relevant findings from various sources, highlighting both the strengths and weaknesses of Xtrend, as well as critical user experiences.
Note: It's essential to consider that Xtrend operates under different entities across regions, which can impact user experiences and regulatory protections. This review employs a comprehensive approach to ensure fairness and accuracy in the assessment.
Rating Summary
How We Rate Brokers: Our ratings are based on an extensive analysis of user feedback, expert opinions, and factual data regarding the broker's offerings and regulatory compliance.
Broker Overview
Founded in 2016, Xtrend is operated by Ryn at Trading Ltd, a Cyprus-based investment firm regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA) in South Africa. The broker primarily caters to users through its proprietary trading platform available on mobile devices, focusing on a younger, tech-savvy audience. Xtrend offers a variety of trading instruments, including forex, CFDs, commodities, indices, shares, precious metals, cryptocurrencies, and energy.
Detailed Analysis
Regulatory Regions
Xtrend is regulated in Cyprus under CySEC and has a presence in South Africa with FSCA oversight. While these regulations provide a level of security, the lack of a top-tier license has raised concerns among some traders regarding the overall trustworthiness of the broker. Experts suggest that trading with a broker regulated by more stringent authorities, such as the FCA in the UK or ASIC in Australia, may offer better protection.
Deposit/Withdrawal Currencies
Xtrend supports multiple base currencies for trading accounts, including EUR, USD, GBP, and AUD. The broker also accepts various payment methods for deposits and withdrawals, including wire transfers, credit/debit cards, and popular e-wallets like Skrill and PayPal. However, users have reported withdrawal delays and issues, which could be a significant concern for potential traders.
Minimum Deposit
To open a live trading account with Xtrend, the minimum deposit is set at $50, which is relatively low compared to many competitors that often require $500 or more. This low barrier to entry is appealing for beginner traders looking to start without a significant financial commitment.
While the search results did not provide specific details about ongoing promotions or bonuses, it is common for brokers to offer various incentives to attract new clients. Prospective traders should check the broker's website for the latest offers.
Tradeable Asset Classes
Xtrend provides access to a broad range of trading instruments, including over 60 forex pairs, CFDs on commodities, indices, shares, and cryptocurrencies. This diversity allows traders to build a well-rounded portfolio, catering to various trading strategies.
Costs (Spreads, Fees, Commissions)
Xtrend offers competitive spreads, with an average of 0.2 pips for major forex pairs like EUR/USD. However, users should be aware of potential additional charges, particularly withdrawal fees, which could impact overall trading costs. The broker's fees are generally considered low or average when compared to other brokers.
Leverage
Xtrend offers leverage up to 1:30 for major currency pairs, adhering to CySEC and FSCA regulations. The broker also mentions the potential for higher leverage of up to 1:300, which could be attractive for traders willing to assume greater risk. However, it is crucial for traders to understand the implications of using high leverage, as it can lead to significant losses.
Currently, Xtrend operates exclusively through its mobile trading platform, which is designed for both iOS and Android devices. While the app is user-friendly and functional, many traders express a desire for traditional desktop platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which offer more robust trading tools and features.
Restricted Regions
Xtrend does not provide services in certain jurisdictions, including countries with stringent regulatory requirements. It is essential for potential traders to verify whether they are eligible to open an account with Xtrend based on their location.
Available Customer Service Languages
Xtrend offers customer support primarily in English, with options for assistance via live chat, email, and phone. However, the lack of 24/7 customer support has been noted as a drawback, particularly for traders in different time zones.
Repeated Rating Summary
Detailed Breakdown
Account Conditions
Xtrend's low minimum deposit of $50 makes it accessible for many traders, but the absence of a demo account is a notable drawback for beginners looking to practice before committing real funds.
The broker provides a decent selection of trading tools within its mobile app, but the lack of desktop trading options limits advanced traders' capabilities.
Customer Service and Support
Customer support is available 24/5, but users have reported varying experiences, with some noting delays in response times.
Trading Setup
The mobile-only trading experience is streamlined but may not meet the needs of all traders, particularly those accustomed to desktop platforms.
Trust Level
While Xtrend is regulated by CySEC and FSCA, concerns about its reliability persist, particularly due to reports of withdrawal issues and mixed user reviews.
User Experience
Overall, users have reported a satisfactory trading experience, primarily due to competitive spreads and a diverse range of available instruments, but some have expressed frustration with customer support.
In conclusion, Xtrend presents a mixed bag for potential traders. While it offers competitive trading conditions and a low entry point, concerns about regulatory oversight and customer service may warrant caution. Traders are advised to conduct thorough research and consider their individual trading needs before engaging with Xtrend.
