Xtrade-Overview of Minimum Deposit, Leverage, Spreads

General Information

Established in 2022, Xtrade is a forex broker, allegedly offering its clients access to a series of trading instruments, such as forex, indices, stocks, and more, with leverage up to 1:400. Xtrade is the trading name of Xtrade International Limited, a company based in Hong Kong.

As far as we can tell, Xtrade is not governed by any regulatory authorities, thus that bit of data is settled. As a result, its regulatory status on WikiFX is classified as “No License” and it only manages a score of 1.11 out of 10 overall.

Please be aware of the risk, for trading with an unregulated forex broker is a surefire way to lose your money.

Market Instruments

Xtrade boasts that investors can get access to a series of trading instruments on its platform, which include Foreign Exchange, Stock, Indices, Cryptocurrencies, Commodities, and Indices.

Demo Account Available

With Xtrade, a demo account is available, allowing traders to get a feel of this platform and practice their trading skills without risking their real money.

Leverage

The maximum trading leverage available is up to 1:400, which is much above the levels considered appropriate by the vast majority of regulators. As an unregulated forex broker, it seems that Xtrade just wants to use high leverage to attract innocent investors.

Trading Platform

When it comes to trading platforms, traders use only use a simplistic mobile app, a tablet trading app, instead of the popular MT4 or MT5 trading platform.

Deposit & Withdrawal

The minimum deposit amount to start trading with Xtrade is $250, and Xtrade says it allows traders to make a deposit and withdrawal through Credit/Debit Cards, Bank Transfers, American Express, PayPal, and more.

Concerning Withdrawal, withdrawal options are processed through the same method in which the deposit was made. To make a withdrawal request, a few steps for you to follow:

• Login to your Xtrade account

• Click on “Withdrawal” on the main Trader webpage

• Enter the amount and send it by clicking the “Withdrawal” button

• To complete your application, please print out the withdrawal form, sign it manually and sent it to withdrawal@xtrade.com or fax+442038074002.

Educational Resources

Xtrade says it offers some educational resources and tools, such as video tutorials, courses, a Glossary of Terms, Blog, an Economic Calendar, Financial News, Daily Analysis Video, and Calculators.

Customer Support

Xtrade relies heavily on its Frequently Asked Questions section to assist customers. You can look through some basic answers for questions like Legal Aspects, Trading Information, Deposit and Withdrawal, Account Issues, and more.

All customers equally have access to support staff by e-mail or phone, and multilingual customer service is on-call during business hours.

Here are some contact details:

Telephone: +852 58080622

Email: info@xtrade.com

Or you can also follow this brokerage house on some social media platforms, such as Twitter, Facebook, Instagram, Youtube, and Linkedin.

Risk Warning

There is a considerable degree of risk involved with online trading of leveraged Forex and CFD instruments, and as a result, it may not be appropriate for all investors.

Please keep in mind that the data presented in this article is meant to serve as a guideline only.