Xtrade -Overview Guide of This Broker

Xtrade | 2024-12-06 10:53

Lời nói đầu：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