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XTrend Speed Forex Broker provides real users with 2 positive reviews, 4 neutral reviews and 9 exposure review!

XTrend Speed Broker Review

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XTrend Speed Review 15

Latest All(15) Positive(2) Neutral(4) Exposure(9)
Exposure
Withdrawal refused due to proof of address.

They require a proof of my address issued by my company, otherwise the payment will not be made. My address is recognized by the government, banks, etc. But the platform still requires the company to prove my address, and even if I provide the company's certificate, there is still no guarantee that I can withdraw money.

Chris4642
2024-04-25
Exposure
Xtrend speed= SCAM

I made 8 withdrawal requests, all rejected!! They justify themselves by saying that my bank rejects the request! BEWARE. IT'S A SCAM.

Alechef
2024-02-15
Exposure
FEATURE BLOCKING WITHOUT REASON

I've been using this app for a long time, but recently I created a new account and made a deposit to complete the mission. There were many interesting missions on Xtrend speed, but after withdrawing a few days later several features and missions were removed from the account. There was no notification or clear reason from SC Xtrend speed. I checked on my grandmother's account, and the feature was still there but on other accounts, it was removed. I traded on the old account again and managed to do WD once, but a few days later several features and missions on my account disappeared. There were still no warnings or notifications. Based on conversations with the personal manager, he couldn't explain a rational reason. He just said, "The event has ended". I checked my friend's account, and the features and missions were still there. I think the service on this app is no longer transparent and has a detrimental game and that is what decided me to stop trading on this app.

dewasuling
2023-12-19
Exposure
3 withdrawals were rejected

Withdrawals are always rejected for unclear reasons. Fraudulent site.

wedussss
2023-12-06
Neutral
Lacking Educational Resources and Limited Customer Support Hamper Trading Experience

The website also lacks detailed educational resources, which is a bummer for someone like me who's always looking to up their trading game. And no 24/7 customer support? I've run into issues that needed immediate attention, and the limited availability was frustrating.

Kendrick Thoroughgood
2023-12-06
Neutral
XTrend Speed: 280+ Markets, Seamless Trading, and Copy Strategies for Versatile Investors

Been rolling with XTrend Speed for a minute now, and I gotta say, they got a solid offering. The range of markets is on point – over 280 instruments, including forex, commodities, indices, and shares. The STrader platform is smooth for both PC and mobile trading. I'm all about that copy trading life, and XTrend delivers with diverse strategies to follow. The low spreads and multiple communication channels for customer support are definite pluses. Overall, a good fit for traders looking for variety and user-friendly tools.

Peregrine Fairchild
2023-12-05
Exposure
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I WAS NEVER ABLE TO WITHDRAW ANY OF THE CAPITAL PRIZES OR RECEIVE ANY OF THE AMOUNTS FROM THE SWEEPSTAKES OR USE THE CREDITS YOU WIN IN THE CONTESTS.

nup
2023-05-08
Neutral

Honestly, spreads on instruments offered by Xtrend Speed are average, and I am leaving it. However, customer service is great, just with high trading fees.

是筱娜娜呀
2023-02-24

  

XTrend Speed 2025 Review: Everything You Need to Know

  Summary: XTrend Speed presents a mixed bag of trading experiences, with some users praising its low minimum deposit and competitive spreads, while others express concerns about withdrawal fees and customer service. The broker operates under multiple regulatory jurisdictions, which may add to user confusion regarding its legitimacy.

  Note: It is important to be aware of the different entities operating under the XTrend Speed brand, as this may affect regulatory oversight and user experience.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 6.5
Tools and Resources 5.0
Customer Service and Support 4.5
Trading Setup (Experience) 6.0
Trustworthiness 5.5
User Experience 5.0

  How We Rated the Broker: Our ratings are based on a comprehensive analysis of user feedback, expert opinions, and factual data regarding the broker's offerings and performance.

  

Broker Overview

  Founded in 2016, XTrend Speed is a forex and CFD broker that operates under the auspices of Ryn at Capital (Pty) Ltd, regulated by the Financial Sector Conduct Authority (FSCA) in South Africa and the Cyprus Securities and Exchange Commission (CySEC). The broker offers trading through popular platforms like MetaTrader 4 (MT4) and its proprietary Strader platform, catering to a range of assets including forex, commodities, and indices. The minimum deposit requirement is notably low, starting at just $10.

  

Detailed Review

  Regulated Geographical Areas: XTrend Speed is primarily regulated in South Africa by the FSCA and in Cyprus by the CySEC. However, the FSCA is considered a tier-2 regulator, which may not provide the same level of protection as tier-1 regulators like the FCA or ASIC.

  Deposit/Withdrawal Currencies/Cryptocurrencies: The broker allows deposits in multiple currencies including USD, EUR, and GBP, but does not support cryptocurrency trading. Withdrawal methods include bank transfers, credit cards, and e-wallets like PayPal and Skrill.

  Minimum Deposit: The minimum deposit to open an account with XTrend Speed is $10, making it accessible for novice traders.

  Bonuses/Promotions: XTrend Speed offers various promotional bonuses, including a welcome bonus of up to $50 and deposit bonuses that can reach 100%. However, the details of these promotions can vary and should be checked on their website.

  Tradeable Asset Classes: The broker provides access to a variety of assets, including over 150 forex pairs, commodities, indices, and cryptocurrencies. However, the mobile trading platform offers a limited selection compared to the desktop version.

  Costs (Spreads, Fees, Commissions): XTrend Speed advertises competitive spreads starting from 0.1 pips for major currency pairs. However, users have reported withdrawal fees of up to 3.5%, which is considered high compared to industry standards.

  Leverage: The maximum leverage offered is 1:300 for professional traders, which can increase both potential returns and risks.

  Allowed Trading Platforms: XTrend Speed supports the MT4 platform, which is well-regarded for its user-friendly interface and robust features. The proprietary Strader platform is also available, focusing on social trading capabilities.

  Restricted Regions: While XTrend Speed operates in many countries, it is important to note that it does not accept clients from the United States.

  Available Customer Service Languages: Customer service is available primarily in English, with support offered via email and social media channels. However, the lack of 24/7 support has been a point of concern for users.

  

Ratings Overview (Revisited)

Category Rating (out of 10)
Account Conditions 6.5
Tools and Resources 5.0
Customer Service and Support 4.5
Trading Setup (Experience) 6.0
Trustworthiness 5.5
User Experience 5.0

  

Detailed Breakdown

  Account Conditions: Users appreciate the low minimum deposit, but the absence of a demo account limits opportunities for practice before committing real funds.

  Tools and Resources: The educational resources provided by XTrend Speed are limited, lacking comprehensive training materials that many other brokers offer.

  Customer Service and Support: Feedback indicates that customer service is often slow to respond and does not meet user expectations. Many users have expressed frustration over withdrawal processes and the quality of support received.

  Trading Setup (Experience): The trading experience is generally smooth with competitive spreads, but withdrawal fees and the lack of clarity regarding terms can detract from user satisfaction.

  Trustworthiness: While XTrend Speed is regulated, the mixed reviews regarding user experiences and withdrawal issues raise questions about its overall trustworthiness.

  User Experience: The user experience appears to vary widely, with some users reporting satisfaction with the trading conditions while others express concerns about customer service and withdrawal processes.

  In conclusion, while XTrend Speed offers competitive trading conditions and a low barrier to entry, potential users should approach with caution, especially regarding withdrawal processes and the clarity of information provided on the broker's website.