XTradings Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-25 14:04

Abstract：Founded in 2022, XTradings is a forex and CFD broker registered in Vanuatu, offering trading in Forex, Indices, Stocks, and Commodities with leverage up to 1:200 via the MetaTrader4, Web Trader, Tablet Trader, and Mobile Trader platforms.

　　Note: XTradings' official website - https://www.itraders24.com/ is currently inaccessible normal.

XTradings Review Summary
Founded	2022
Registered Country/Region	Vanuatu
Regulation	Unregulated
Market Instruments	Forex, Indices, Stocks, Commodities
Demo Account	✅
Leverage	Up to 1:200
EUR/USD Spread	From 1 pip
Trading Platform	Meta Trader 4, Web Trader, Tablet Trader, Mobile Trader
Min Deposit	/
Customer Support	Tel: +44 203 0973266
	Email: Support@iTraders24.com
	Company Address: 150 Minories, London EC3N 1LS, UK

　　Founded in 2022, XTradings is a forex and CFD broker registered in Vanuatu, offering trading in Forex, Indices, Stocks, and Commodities with leverage up to 1:200 via the MetaTrader4, Web Trader, Tablet Trader, and Mobile Trader platforms.

Pros and Cons

Pros	Cons
Diverse tradable asset classes	New to the market
Demo accounts	Lack of regulation
MT4 supported	Dormant fee charged
Popular payment options	Charge withdrawal fees
	Unclear minimum deposit

Is XTradings Legit?

　　No, Xtradings has not been regulated by any notable authorities, which indicates that it carries higher risks.

What Can I Trade on XTradings?

Trading Asset	Available
forex	✔
commodities	✔
indices	✔
stocks	✔
cryptocurrencies	❌
bonds	❌
options	❌
ETFs	❌

Account Type

　　Apart from demo accounts, XTradings claims to offer three types of live trading accounts: Basic, Advanced, and Premium. However, information about the minimum deposit of these accounts is not provided.

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 work both in your favour and against you.

Spread

　　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.

Fees

　　XTradings also charges a dormant fee of $60. If the trading account is inactive for 30 days or more.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Web Trader	✔	Web	/
Tablet Trader	✔	Tablet	/
Mobile Trader	✔	Mobile	/
MT4	✔	Desktop, Mobile, Web	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　XTradings accepts deposit and withdrawal methods including e-wallets, credit cards, bank transfers and wire transfers.Also, the broker will charge some unspecified withdrawal fee.