XTradings

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

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

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?

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

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.