Xtrade -Overview Guide of This Broker
Abstract：Xtrade was established in Belize in 2022 and offers a variety of trading instruments. It supports a web-based trading platform as well as mobile and tablet apps. The minimum deposit required is $200.
| XtradeReview Summary | |
| Founded | 2000 |
| Registered Country/Region | Belize |
| Regulation | ASIC (Revoked), FSC (Exceeded), CYSEC (Suspicious Clone) |
| Market Instruments | CFDs, Indices, Commodities, Shares, Forex, ETFs, Bonds, etc. |
| Demo Account | ✅ |
| Leverage | / |
| EUR/USD Spread | 5 pips (Standard account) |
| Trading Platform | WebTrader, Mobile Trading App, Tablet Trading App |
| Min Deposit | $200 |
| Customer Support | Service time: Sunday 22:00 – Friday 22:00 (GMT) |
| Live chat | |
| Tel: +852 58080622, +44 203 8074001 | |
| Facebook, X, LinkedIn, Instragram, YouTube | |
| Email: info@xtrade-dm.net, support@xtrade-dm.net | |
| Regional Restrictions | The United States of America, Israel , British Columbia, Manitoba, Quebec, Ontario and Afghanistan, Anguilla, Burundi, Cambodia, Cayman Islands, Chad , Democratic Republic of the Congo, Dominica, Equatorial Guinea, Fiji , Guinea-Bissau, Haiti, Honduras, Iran, Iraq, Laos, Mozambique, Myanmar , Nicaragua, North Korea, Palau, Russian Federation , Somalia, South Sudan, Sudan, Syria, Trinidad and Tobago, Turkmenistan , Vanuatu, Venezuela , Yemen |
Xtrade was established in Belize in 2022 and offers a variety of trading instruments. It supports a web-based trading platform as well as mobile and tablet apps. The minimum deposit required is $200.
Pros and Cons
| Pros | Cons |
| Long history | No valid regulations |
| Diverse market instruments | Unknown leverage |
| Support demo accounts | Wide spreads |
| Multiple account types | Dormant/inactivity fee charged |
| No fees for deposits and withdrawals | No MT4/5 |
| Live chat support | High minimum deposit |
| Limited payment options | |
| Long deposit/withdrawal processing time | |
| Regional restrictions |
Is Xtrade Legit?
No, Xtrade currently has no valid regulations. Traders should carefully consider the risks it brings when choosing to trade with it.
| Regulatory Status | Revoked |
| Regulated by | Australia Securities & Investment Commission (ASIC) |
| Licensed Institution | Market Making (MM) |
| Licensed Type | Market Making (MM) |
| Licensed Number | 343628 |
| Regulatory Status | Exceeded |
| Regulated by | Financial Services Commission (FSC) |
| Licensed Institution | XTRADE INTERNATIONAL LTD. |
| Licensed Type | Common Financial Service License |
| Licensed Number | IFSC/60/383/TS/15 |
| Regulatory Status | Suspicious Clone |
| Regulated by | Cyprus Securities and Exchange Commission (CySEC) |
| Licensed Institution | Merba Limited |
| Licensed Type | Market Making (MM) |
| Licensed Number | 108/10 |
What Can I Trade on Xtrade?
| Tradable Instruments | Supported |
| CFDs | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Shares | ✔ |
| Forex | ✔ |
| ETFs | ✔ |
| Bonds | ✔ |
| Cryptocurrencies | ❌ |
| Options | ❌ |
Account Type
Xtrade supports three types of live account types and offers the option to open a virtual account.
| Account Type | Standard | Premium | Platinum | VIP |
|---|---|---|---|---|
| Min Deposit | $200 | $1,000 | $5,000 | $25,000 |
Xtrade Fees
| Account Type | Standard | Premium | Platinum | VIP |
| EURUSD | 5 | 3 | 3 | 2 |
| GBPUSD | 5 | 4 | 3 | 3 |
| Germany 30 | 500 | 350 | 300 | 280 |
| Gold | 100 | 70 | 60 | 50 |
| Coffee | 40 | 30 | 30 | 25 |
| Silver | 70 | 60 | 60 | 50 |
| Oil | 8 | 6 | 6 | 5 |
| Brent | 8 | 7 | 6 | 5 |
| USDCAD | 5 | 4 | 4 | 3 |
| USDCHF | 7 | 5 | 5 | 4 |
| USDJPY | 5 | 3 | 3 | 3 |
| Dormant Account Maintenance Fee | Up to $100 USD per month |
| Inactivity Fee | Up to $50 USD per month |
| Deposit Fee | ❌ |
| Withdrawal Fee | ❌ |
Trading Platform
Xtrade offers web platforms, mobile apps, and tablet apps as its trading platforms.
| Trading Platform | Supported | Available Devices | Suitable for |
| WebTrader | ✔ | Web | / |
| Mobile Trading App | ✔ | Mobile | / |
| Tablet Trading App | ✔ | Tablet | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
| Funding Option | Min Deposit/Withdrawal | Fee | Processing Time |
| Credit/Debit Cards | / | ❌ | Up to 5 business days |
| Bank Transfer | / | ❌ | Up to 5 business days |
Read more
Top 10 Trading Indicators Every Forex Trader Should Know
Master the top 10 Forex trading indicators to analyze real-time Forex quotes, trends, and market signals. Learn strategies to boost accuracy and avoid mistakes.
WikiEXPO Global Expert Interview: Simone Martin—— Exploring Financial Regulation Change
In the midst of financial innovation and regulation, WikiGlobal, the organizer of WikiEXPO, stays abreast of industry trends and conducts a series of insightful and distinctive interviews on pivotal topics. We are delighted to have the privilege of inviting Simone Martin for an in-depth conversation this time.
MultiBank Group Wins Big at Traders Fair Hong Kong 2024
Discover how MultiBank Group, a global leader in financial derivatives, secured three prestigious awards at Traders Fair Hong Kong 2024, highlighting its innovative trading solutions and industry excellence.
CySEC Settles Compliance Case with Fxview Operator Charlgate Ltd
Discover how CySEC resolved compliance issues with Charlgate Ltd, the operator of Fxview, through a €50,000 settlement. Explore the investigation, regulatory measures, and CySEC's new website designed for improved accessibility and transparency.
WikiFX Broker
Latest News
Geopolitical Events: What They Are & Their Impact?
WikiFXTop 10 Trading Indicators Every Forex Trader Should Know
WikiFXWhy Do You Feel Scared During Trade Execution?
WikiFXRate Calc
