Home -

Main body -

WikiFX Express

Exness

WikiFX Review: Is XTRADE a trustworthy broker?

WikiFX | 2022-08-27 09:00

Abstract：XTRADE is an online forex broker that has been newly established. Although this broker has experience of 1 to 2 years, WikiFX already received complaints against this broker. We wonder if this broker can be trusted. To better understand the truth, WikiFX has made a comprehensive review of this broker by analyzing the reliability of this broker from specific information, regulation, exposure, etc.

About XTRADE

Established in 2015, XTRADE is a multi-asset broker which has its headquarters in Belize, as well as a branch in South Africa. Xtrade offers traders 56 currency pairs, 16 commodities, five bonds, and five ETFs. The bulk of assets consists of 280 equity CFDs, complemented by 13 index CFDs. The overall selection of 375 assets across six categories remains below average.

Account Types & Minimum Deposit

XTRADE does not provide any information about its account type. It appears that the same option is available to all traders, with a minimum deposit of $250.

Leverage

The maximum trading leverage offered by XTRADE is up to 1:400. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Spreads & Commissions

The commission-free trading environment features unacceptably high fixed spreads of up to 5.0 pips on the EUR/USD. It equals a cost of $50 per 1.0 standard lot, making Xtrade one of the most expensive brokers in operation.

Trading Platform

According to WikiFX, this broker does not use either MT4 or MT5 as its main trading platform.

Deposit & Withdrawal

The logos of a series of online payment processors exist on the website, but no further information is available.

Customer Service

Xtrade provides 24/5 customer service via phone, e-mail, and live chat. The FAQ section attempts to answer basic questions, and a glossary is also available. It also features a dedicated complaint resolution process, aiming to deliver exceptional customer service. While XTRADE does not provide response times, it does indicate an effort to assist its traders.

Regulation: Is XTRADE legit？

XTRADE is not a regulated broker. WikiFX has marked it as “No License”. Please note that unlicensed brokers are very likely to take your money away fraudulently as they are not under control. Thus, WikiFX has given this broker a very low score of 1.27/10.

Unavailable Website

We were unable to open the official website because when we opened the official website, it was directly converted to the Russian forum website.

Information on WikiFX

There are a lot of brokers using the same name “XTRADE”. But as we know so far, they dont have an obvious relationship with each other.

Exposure related to this broker on WikiFX

This trader from Argentina told WikiFX that he was scammed by XTRADE. He invested 200 dollars but suffer a heavy loss.

Conclusion

WikiFX advises you to do more research and make yourself comfortable before making a decision. An unregulated broker with a low WikiFX score should not be in your consideration. You need to be aware of the potential risks. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.

Broker Forex trading Forex Broker

Related broker

Not Regulated

Xtrade

Company name：Xtrade international Ltd

Score

1.52

Website：https://www.xtradeturkiye.com/en

5-10 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

Score

1.52

KAMA Capital Review: Do Traders Lose Due to Slippage & Inappropriate Liquidation?

Looking to trade through KAMA Capital, a Mauritius-based forex broker? You must read user reviews concerning fund safety with this brokerage entity. The company, which has been around for two-five years, has received some negative reviews recently for its several trading activities. Users have reported these experiences on broker review platforms such as WikiFX. The negative KAMA Capital reviews highlight serious slippage issues, coupled with inappropriate liquidation issues. The article aims to provide a clear picture of these user allegations along with a regulatory overview of the broker. This will help you make an informed trading decision. Read on!

Original 2026-05-08 22:04

MTRADING User Reputation: A Deep Look into Real Complaints and Warning Signs

When traders look for information about a broker, their biggest worry is always capital safety. The question, "Is MTRADING safe or scam?" gets right to the point. Based on checkable information from worldwide broker regulatory websites, the answer comes with serious warnings. MTRADING operates with major warning signs, especially a status of "No Regulation" and a very low trust score. WikiFX, a third-party checking service, gives the broker an extremely low rating and clearly warns of "High potential risk". This article will break down the proof behind this conclusion. We will look at MTRADING's regulatory status, examine real user complaints recorded on public websites, and check its platform features to give a clear, fact-based view for any potential user.

Original 2026-05-08 19:23

MTRADING Legitimacy Check: Is This a Fake Broker or a Legitimate Trading Partner?

You're asking 'Is MTRADING legit?' or worried about an 'MTRADING scam', and that's the right question to ask before risking your funds. A deep look into MTRADING's background shows major warning signs that should make you very careful. This isn't a simple yes or no answer; it's a fact-based review of the risks. Our research, using data from independent broker checking websites like WikiFX, shows MTRADING has a very low score, which means there are serious problems. The main worries are about whether it's properly regulated and the troubling number of customer complaints.

Original 2026-05-08 17:33

Core Prime Withdrawal & Deposit: What You MUST Know Before Funding Your Account

For any trader, understanding how to move funds is extremely important. How you add funds to your account and, more importantly, how you take them out, including the profits earned on the platform, can shape your entire trading experience. You are likely here looking for specific information about Core Prime deposit and Core Prime withdrawal methods. This guide will explain the payment options the broker claims to offer. However, knowing the process is only part of the story. The other, more important part involves understanding the risks and whether the broker can be trusted. A nice-looking website and many payment options mean nothing if your capital is not safe. The main question we need to ask is not just *how* you can withdraw funds, but *if* you can. Can you trust that your funds will be safe and your withdrawal requests will be processed? Let's look at the facts.

Original 2026-05-08 14:58