XTradings Spreads, leverage, minimum deposit Revealed

　　Risk Warning

　　Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

　　General Information & Regulation

　　XTradings is allegedly a forex and CFD broker registered in Vanuatu that claims to provide its clients with various tradable financial instruments with leverage up to 1:200 and floating spreads from 1 pip on the MetaTrader4, Web Trader, Tablet Trader and Mobile Trader platforms via 3 different package types. Here is the home page of this brokers official site:

　　As for regulation, it has been verified that XTradings currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.27/10. Please be aware of the risk.

　　Market Instruments

　　XTradings advertises that it offers access to a wide range of trading instruments in financial markets, including forex, stocks, CFDs, indices and commodities.

　　Package Types

　　Apart from demo accounts, XTradings claims to offer 3 types of live trading accounts, namely Basic, Advanced and Premium. However, the broker says nothing about the minimum initial deposit requirement to open an account.

　　Leverage

　　The maximum leverage offered by XTradings is up to 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

　　Spreads

　　The spreads available at XTradings are uncompetitive. On the MT4 Web Trader, the EUR/USD spread is 1 pip, while on the MT4 Desktop, it is much higher - 3 pips. By contrast, the industry average EUR/USD spread is just 1.5 pips.

　　Trading Platform Available

　　XTradings says to give traders multiple options of trading platforms, including MetaTrader4, Web Trader, Tablet Trader and Mobile Trader. The MT4 is highly praised by traders and brokers alike due to its ease of use and great functionality, offering top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

　　Deposit & Withdrawal

　　XTradings says to offer multiple payment options to choose from, which include e-wallets, credit cards, bank transfers and wire transfers. Also, the broker will charge some unspecified withdrawal fee.

　　Fees

　　Apart from the withdrawal fee, XTradings also charges a dormant fee of $60, if the trading account is inactive for 30 days or more.

　　Customer Support

　　XTradings customer support can be reached by telephone: +44 7520642734, email: support@xtradings.com. Company address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH 96960.

　　Pros & Cons

　　Frequently Asked Questions (FAQs)