Xtrade

Xtrade Review Summary
Founded	1-2 years
Registered Country/Region	Belize
Regulation	No regulation
Market Instruments	CFDs, Indices, Commodities, Shares, Forex, Crypto, Currencies, ETFs, Bonds
Demo Account	Available
Leverage	Variable
EUR/ USD Spreads	N/A
Trading Platforms	Xtrade WebTrader, Tablet Trading App, and Mobile Trading App
Minimum Deposit	$250
Customer Support	Phone, email, live chat

What is Xtrade？

Xtrade is a global trading platform that specializes in trade finance and offers a diverse range of trading instruments across various asset classes. Xtrade provides traders with a range of trading tools to enhance their trading strategies and make informed decisions.

It is important to note that currently, Xtrade does not have valid regulation, which means there is no government or financial authority overseeing their operations. This lack of oversight introduces an element of risk when investing with Xtrade.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros	Cons
• Account variety	• Not regulated
• A range of trading instruments	• Some reports of scam and withdrawal issues
• Demo accounts available	• Not MT4 supported
• Live chat available	• Regional restrictions
•Social media presence

Pros:

• Account Variety: Xtrade offers a variety of account types to cater to the needs of different traders. This provides flexibility and allows clients to choose an account that aligns with their trading preferences and goals.

• A Range of Trading Instruments: Xtrade provides a diverse range of trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies. This variety allows traders to access different markets and diversify their investment portfolio.

• Demo Accounts Available: The availability of demo accounts is a positive feature as it allows traders to practice their trading strategies and explore the platform's features without risking real money. This can be beneficial for beginners or those who want to familiarize themselves with Xtrade's platform.

• Live Chat Available: Xtrade offers live chat support, which can be helpful for clients who require immediate assistance or have urgent inquiries. This feature ensures that traders can receive timely support during their trading activities.

• Social Media Presence: Xtrade's presence on social media platforms can be a pro, as it allows clients to stay updated with the company's latest news, market analysis, and educational content. It can also provide an additional avenue for communication and engagement with the company.

Cons:

• Not Regulated: The fact that Xtrade is not regulated is a significant concern. Regulation provides clients with a level of protection, ensuring that the company operates under specific compliance standards. The absence of regulation may expose clients to potential risks and diminish trust in the company.

• Some Reports of Scam and Withdrawal Issues: There are reports of scam-related activities and withdrawal issues associated with Xtrade. These incidents raise red flags and highlight potential risks and challenges that clients may face when dealing with the company.

• Not MT4 Supported: Xtrade does not support the widely recognized trading platform, MT4. This will be seen as a disadvantage for traders who are accustomed to using MT4 or prefer its features and tools.

• Regional Restrictions: Xtrade has regional restrictions that limit access to their services. This can be a drawback for individuals who reside in those regions and wish to trade with Xtrade.

Is Xtrade Safe or Scam？

Xtrade currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. It makes investing with them risky.

If you are considering investing with Xtrade, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.

Market Instruments

Xtrade offers a diverse range of trading instruments across various asset classes. Here are the trading instruments available on Xtrade:

- Indices: Xtrade allows you to trade popular stock market indices such as the S&P 500, Dow Jones, FTSE 100, and more. You can speculate on the price movements of these indices without owning the underlying assets.

- Commodities: Xtrade provides trading opportunities for commodities like gold, silver, oil, natural gas, and agricultural products. You can trade these commodities based on their price fluctuations.

- Shares: Xtrade offers a wide selection of shares from global companies, allowing you to buy or sell shares in popular companies like Apple, Google, Amazon, and many others.

- Forex: Xtrade enables you to trade in the foreign exchange market, offering a broad range of currency pairs. You can speculate on the exchange rate movements of major currencies like the US dollar, Euro, British pound, and more.

- Cryptocurrencies: Xtrade allows you to trade cryptocurrencies like Bitcoin, Ethereum, Ripple, and others. You can take advantage of the price volatility in the cryptocurrency market.

- ETFs: Xtrade provides access to Exchange-Traded Funds (ETFs), allowing you to invest in a diversified portfolio of assets. ETFs track various market indexes or sectors and offer a convenient way to gain exposure to different asset classes.

- Bonds: Xtrade offers trading opportunities in government bonds and corporate bonds. You can speculate on the price movements and yields of these fixed-income securities.

Accounts

Xtrade offers both live accounts and demo accounts to cater to different trading needs.

• Live Account:

A live account is a real trading account that allows you to trade with real money. Opening a live account with Xtrade grants you access to the full range of trading instruments and features. It involves depositing actual funds into the account, which you can use to open and close trades in the financial markets.

Live Account Types	Standard	Premium	Platinum	VIP
Minimum deposit	$250	$1,000	$5,000	$20,000

• Demo Account:

A demo account, also known as a practice account or a virtual account, enables you to practice trading without risking any real money. It provides a simulated trading environment that replicates the actual market conditions.

Trading Platforms

Xtrade offers its clients three different trading platforms to suit their preferences and trading needs: Xtrade WebTrader, Tablet Trading App, and Mobile Trading App.

• Xtrade WebTrader:

Xtrade WebTrader is a browser-based platform that allows traders to access the markets and trade directly from their web browser. It provides a comprehensive set of features and trading tools to enhance the trading experience. With Xtrade WebTrader, users can access market analyses, execute trades and orders quickly, and access real-time charting with leading technical indicators. The platform is designed to be intuitive and user-friendly, and there is no need to download any software.

• Tablet Trading App:

Xtrade's Tablet Trading App is specifically designed for tablet devices, offering traders an optimized trading experience on the go. The app provides an advanced graphical interface, allowing users to easily navigate the platform and execute transactions swiftly. Traders can view their full activity report, set alerts and notifications, and access professional charting tools. The Tablet Trading App is designed to be user-friendly and offers all the necessary functionality for successful trading.

• Mobile Trading App:

Xtrade's Mobile Trading App is designed for mobile devices, allowing traders to access the markets and trade anytime, anywhere. The app provides a user-friendly interface, enabling traders to execute trades with just a few taps. It offers real-time charting, alerts, and notifications to keep traders informed about market movements and opportunities. The Mobile Trading App provides a convenient and portable trading experience, suitable for traders who are always on the move.

Trading Tools

Xtrade provides traders with a range of trading tools to help enhance their trading strategies and make informed decisions.

• Economic Calendar:

Xtrade offers an Economic Calendar that provides traders with important economic events and announcements from around the world. The Economic Calendar displays scheduled releases of economic indicators such as GDP, employment data, interest rate decisions, and more.

• Autochartist Market Reports and Alerts:

Xtrade provides access to Autochartist, a popular technical analysis tool that scans the markets for chart patterns and potential trading opportunities. Autochartist uses advanced algorithms to identify patterns such as triangles, wedges, and head and shoulders formations.

Deposits & Withdrawals

Xtrade provides multiple options for depositing and withdrawing funds from your trading account.

• Credit/Debit Cards:

Xtrade accepts deposits and withdrawal via major credit and debit cards such as Visa, Mastercard, and Maestro. When depositing using this method, you can securely transfer funds directly from your card to your trading account.

Bank Transfer:

This method involves transferring funds from your bank account to your Xtrade trading account. It may take a bit longer for the funds to be credited, typically within a few business days, depending on the banks involved.

Xtrade minimum deposit vs other brokers

	Xtrade	Most other
Minimum Deposit	$250	$100

Fees

Broker	Deposit Fee	Withdrawal Fee	Inactivity Fee
Xtrade	$0	$0	$10 per month

User Exposure on WikiFX

On our website, you can see that reports of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Customer Service

Xtrade offers live chat. With live chat, customers can get their questions answered quickly and receive help with any issues they may have. It's a convenient and effective communication channel that can improve customer satisfaction and increase sales.

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +852 58080622

Email: info@xtrade.com

support@xtrade.com

Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, YouTube and Linkedin.

Whats more, Xtrade provides a Frequently Asked Questions (FAQ) section on their website to assist their clients with commonly asked questions and provide relevant information. The FAQ section aims to address common queries and concerns that investors may have regarding the company's services, processes, and investment opportunities. By offering this resource, Xtrade aims to provide transparency and clarity to their clients, helping them make informed decision.

Conclusion

In conclusion, Xtrade is a trading platform that specializes in trade finance and offers a wide range of trading instruments across various asset classes. Xtrade provides clients with different trading platforms, offering convenience and flexibility in managing trades.

However, it is important to note that currently, Xtrade does not have valid regulation overseeing its operations. The lack of regulatory oversight introduces potential risks for investors. It is crucial for individuals considering investing with Xtrade to carefully weigh the potential risks associated with investing in an unregulated platform.

Frequently Asked Questions (FAQs)

Q 1:	Is Xtrade regulated？
A 1:	No. It has been verified that this broker currently has no valid regulation.

Q 2:	How can I contact the customer support team at Xtrade？
A 2:	You can contact via telephone, +852 58080622 and email, info@xtrade.com and support@xtrade.com.

Q 3:	Does Xtrade offer demo accounts？
A 3:	Yes.

Q 4:	Does Xtrade offer the industry leading MT4 & MT5？
A 4:	No. Instead, it offers Xtrade WebTrader, Tablet Trading App, and Mobile Trading App.

Q 5:	What is the minimum deposit for Xtrade？
A 5:	The minimum initial deposit to open an account is $250.

Q 6:	Is Xtrade a good broker for beginners？
A 6:	No. It is not a good choice for beginners because of its unregulated condition.

Q 7:	At Xtrade, are there any regional restrictions for traders？
A 7:	Yes. It is not accessible to United States residents.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.