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 |
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