Xtrade-Overview of Minimum Deposit, Leverage, Spreads

General Information

Xtrade is allegedly a public limited company established in the year 1994 in India that provides its clients with online and offline trading in rich financial instruments as well as a wide range of financial services.

Products & Services

Xtrade advertises that it offers a variety of products and services, including products of futures & options, mutual funds, equity, currency and commodity, as well as investment advisory, trading and broking services and depository services.

Account Types

Xtrade provides its clients with demo accounts, as well as live accounts of Demat and trading accounts, yet no more details can be found on its official site without a login.

Trading Platform Available

When it comes to trading platforms available,Xtrade gives traders three choices: the mobile app, the Web and desktop, yet the broker didnt disclose any information about the name of these trading platforms. We suggest you use MetaTrader4 or MetaTrader5 as the trading platform. As most traders know, the MT4 and MT5 are known as the most successful, efficient, and competent forex trading software. The MT4 offers an intuitive and user-friendly interface, advanced charting and analysis tools, as well as copy and auto-trade options. While the MT5 allows traders to execute trades on different financial markets through a single account and there is a hedging option.

Fees

Xtrade charges some fees. The minimum brokerage for a day is Rs. 20 or 2.5% of the days total volume whichever is high, while the call and trade charges ₹50 extra. The maintenance charge for Demat or trading account is Rs. 350. Folio /SMS /courier charges Rs. 100. Also, there are some taxes, just as the below screenshot shows.

Customer Support

Xtrades customer support can be reached by telephone: +914842384000, email: xtrade@xtrademoney.com or leave messages online to get in touch. Besides, you can also follow this broker on some social media platforms like Twitter, Instagram, Facebook, LinkedIn and YouTube. Registered Office: No-63, Artillery Road, Ulsoor, Bangalore – 560 008. Administrative Office: Second Floor, Habeeb Tower, M G Road, Kochi – 682 011.