Xpoken-Overview of Minimum Deposit, Leverage & Spreads

General Information & Regulation

Xpoken says to be a forex and CFD broker, trusted by traders in over 80 countries. Xpoken is owned and operated by an offshore company called Xpoken Ltd., based on the sunny Caribbean islands of St. Vincent and the Grenadines. Xpoken does not fall under any regulatory agency.

Market Instruments

Xpoken offers trading in Currencies Trading, Spot Commodities, Spot Indices, Spot Energies, Digital Currencies, spot Shares.

Minimum Deposit

Three trading accounts are on offer: Student (with a minimum initial deposit of $250), Starter (with a minimum initial deposit of $2,500), and Premium (with a minimum initial deposit of $10,000), Advanced (with a minimum initial deposit of $2,5000), Pro(with a minimum initial deposit of $50,000), and VIP(with a minimum initial deposit of $100,000).

Micro Trade Size

The minimum trade size per lot allowed by Xpoken is 0.01 lot, which sounds good for inexperienced traders.

Leverage

Xpoken offers leverage as high as 1:400. However, trading with an unregulated broker offering high leverage is not a good option, since leverage can magnify returns as well as potential risks.

Spreads & Commissions

Xpoken offers floating spreads, but does not specify its spreads and commission conditions.

Trading Platform Available

Xpoken offers its traders a proprietary Web Trader called XPTrader, available for PC and mobile devices. However, most legit broker would offers the industry-recognized and widely used MT4 OR MT5 trading platform.

Deposit & Withdrawal

Xpoken seems only allows traders to fund their accounts through Credit/Debit Card (Visa & MasterCard).

Customer Support

The Xpoken customer support is available 24/5, and can be reached through telephone: 18008614098, email: info@xpoken.com as well as live chat. Address: Suite 305, Griffith Corporate Centre Kingstown, St. Vincent, and the Grenadines.