Additionally, they offer a great mobile app for iOS, Android, and Windows, for easy trading on both your Tablet and Smartphone. Before starting to trade, potential Xtrade clients should arm themselves with all possible information and trading skills needed to be successful in the world of forex and commodity trading. If Xtrade’s website itself does not provide enough means, a trader should explore other information sources to obtain that skills and knowledge.
The company has several daughter brands, including XTrade Europe Ltd. and XTrade International Ltd that service clients from Dubai to Uruguay. He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018. To withdraw money from XTrade, log in to your account, navigate to the withdrawal section, select your preferred withdrawal method, and follow the prompts to complete the process. To deposit funds in an XTrade account, log in to your account, go to the deposit section, and choose your preferred payment method.
- There is a fully equipped online demo account available to current and prospective clients, allowing traders to get a feel for forex and CFD trading on the platform.
- The difference between the bid and ask price can vary depending on market conditions.
- Xtrade offers over 1,000 trading instruments, primarily through CFDs, allowing traders to access various global markets.
- A forex account is a trading account held by a trader with a company like Xtrade, that is issued with the primary purpose of trading through its platforms.
BlackBull Review
It requires a minimum deposit of $50,000 and provides the most competitive trading conditions, with spreads starting from 2 pips on major Forex pairs like EUR/USD. We concluded that Xtrade’s flexibility in terms of platforms, currency pairs, and available solutions is a notable advantage, making it a strong choice for traders of different sizes and experience levels. Additionally, Xtrade supports its traders with excellent customer service, $0 fees on money transactions, and widely accepted payment methods, which enhances its overall appeal. Xtrade was founded in 2003 and has built a reputation over the years as a trusted broker, regulated by ASIC in Australia, FSCA in South Africa, and FSC in Belize. It provides a unique offering of proprietary trading platforms and a variety of trading options. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
Cost Structure and Fees
We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. ScamBroker.com is a broker reviews website, and does not offer any investing advice or service. Nothing on this website should be considered a recommendation or endorsement. We are not responsible for any losses you may incur, by investing with a company mentioned on this website. Always verify that your broker, is licensed by your local financial regulator. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.
- Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com.
- Xtrade offers several withdrawal options for its users, including credit/debit cards, e-wallets, as well as wire transfers.
- However, several drawbacks exist despite the absence of deposit and withdrawal fees on many payment systems.
- The Mobile Trading App also allows traders to deposit and withdraw funds, view their account history, and access customer support.
For more choices, we recommend you to check out our trading broker reviews. Xtrade is an online broker that offers forex and CFD trading on various assets, such as stocks, commodities, indices, and cryptocurrencies. Xtrade was founded in 2003 and is regulated by several authorities, including CySEC in Cyprus, ASIC in Australia, and FSCA in South Africa.
Xtrade fees compared to AvaTrade fees
However, if a deposit was made using an e-wallet, then withdrawals can be processed via bank transfer, Skrill or Neteller. For those just starting their journey in finance, the Xtrade glossary provides all the necessary terms and definitions to help you better understand the market. If there has been no trading activity on the account for 3 months, a fee of 50 USD per month will be deducted. This is important to consider, especially if you plan to take extended breaks from trading. Do not forget to complete the suitability assessment by indicating your experience and knowledge level in trading. Verification can help ensure real people are writing the reviews you read on Trustpilot.
We do not present any investment advice or guarantees for the accuracy and reliability of the information. Traders were mentioning that they finally made an update and improved their user interface. As with any broker, beginners should weigh these factors when considering Xtrade as their broker of choice. However, the payments we receive can influence the products, companies, or services we highlight and evaluate. We are dedicated to maintaining high editorial integrity and transparency during reviews or other posts. However, it’s important to note that some of the products we discuss are from our partners.
Best Forex Broker 2025
Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker. Customer service representatives are available “24/5” and can be accessed via live chat, direct phone, or email. Account managers can address your queries directly or guide you through set up, system familiarization, and training education, if necessary. The website is full of helpful examples that explain how spreads, leverage, and risk management tools apply.
Trade with a Regulated Broker
The platform is designed for ease of use, making it accessible to all levels of traders. With the Xtrade Web Platform, users can easily track market trends, execute trades, and manage their accounts directly from any web browser. Xtrade is an international CFD broker that offers trading services in Forex, stocks, commodities, and cryptocurrencies.
XTrade Withdrawal Process
While the broker advertises competitive spreads and a broad array of account is xtrade legit types, some users have reported issues with customer support responsiveness and hidden fees. XTrade is a well-known online broker offering access to forex, commodities, indices, and cryptocurrencies through Contracts for Difference (CFDs). XTrade positions itself as a broker that provides both new traders and seasoned investors access to competitive market conditions. However, like many online brokers, users have reported mixed experiences, particularly around withdrawal processes, fees, and customer support. The broker provides competitive fees, a user-friendly platform, and access to a variety of financial instruments. Its flexibility, combined with a range of account options, caters to different trading strategies.
It is noted that support responds quickly to requests and provides practical solutions. However, some negative aspects, such as the possible deletion of negative reviews and lack of clarity in communication with consultants, slightly lower the overall rating. Xtrade provides a range of video tutorials that cover various aspects of trading. From registration and interface to the specifications of the Xtrade application, clients can learn how to build charts, open positions, and maximize their profits using the mobile platform. Below is a table of the average spread and swaps for major currency pairs on the standard Xtrade account.
Popular Forex Guides
Execution-only brokers, which do not involve in personal investment advice and give traders complete control over how they trade the markets, usually charge lower commissions. You are then logged into the online trading platform, can make a deposit, and start trading. A forex account is a trading account held by a trader with a company like Xtrade, that is issued with the primary purpose of trading through its platforms.