Xtrade Review

This platform offers traders the choicest shares, indices, and commodities as well.

Since CFDs are such a different trading instrument, XTrade developed its own version of WebTrader to support their online transactions. 

While the representatives for customer support speak a total of 6 languages and the website supports over 16 languages.

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Xtrade offering the best in online CFD trading and online forex trading. Enjoy the Xtrade investment portal to satisfy your investment requirements: all leading markets, seamless cross-platform access and advanced trading tools to help you trade your best.

Today the price on german 30 german index was moving from to The spread on german 30 between the buy price and the selling price is always 2 They increased the spread of german 30 only in my account, the rest of the accounts was 2 pips.

I can provide you with a screenshot of the other account. I spoke to my account manager Rossana and she told me that it was a mistake of the company and that they will try to fix the problem within 20 minutes. I called again the company asking to talk to my account manager and they were telling me that she was busy.

I decided to go to the company to see what is happening with my account and met a man named Alex who told me that tomorrow they will check my account to see exactly what the problem is and why they closed my trades at price with the spread of pips. I am asking to get paid all my profits at the price that i have sent them the email. They changed the spreads in order for me to have less profit.

I can prove this because a friend of mine as i mentioned above loged in the same time with me and the spreads in his account on german 30 was 3 pips and in my account was pips.

I have also pictures and videos that proves what i am saying. The first thing i did after 20th of June i report my complaint to the police. They rejected it the same second and they kindly asked me to inform the financial crime police in Cyprus. The reason is that Cysec does not accept complaints from individual traders!

They also kindly asked me to file my complaint to the financial Ombudsman which i did. They explained me that Ombudsman solves issues individually. Cysec has nothing to do with their decision. I asked them as a regulator what protection they are giving me and the answer is none at all. Only if a broker shuts down i am allowed a maximum return of euro. That means 7 years in the court. After all this i filed my complaint to the Ombudsman.

They should have replied in the first 3 days but 21 days already passed without any news….. This is why i decided to start a hunger strike in front of the XTrade offices, in hopes that i can get my profits back. Some news websites in Cyprus have already published about my hunger strike. You can see one example here: As an ex-employee I would strongly advise to avoid this broker.

I simply couldnt associate with this scam. They are advising clients in order to clear clients account asap. It offers a fairly wide range of asset choices, open positions, history and trading tools. Apart from the latest bit SSL encryption, this broker has a plethora of features too. For those of you wondering is Xtrade safe, the answer is clear. This regulator carries out regular checks too.

Xtrade also operates through MiFID guidelines. These guidelines necessitate that customer deposits have to be kept away from operating capital. Brokers also do not have to worry about losing account balances, because Xtrade is a member of the investor compensation fund as well offering deposit guarantees to the tune of 20, Euros per client. It should, however, be noted that customer deposits are stored in bank accounts in Greece! Additionally, there is no negative balance protection.

Xtrade leverage makes it possible to multiply credit without a balance that is adequate. Additional margin-call obligations may be incurred in this context too.

The trader is, therefore, able to deposit more money even when the account has reached a certain level. These are varying by asset, as well. Margin requirements are separately stated. Margin calls can become possible with CFD if markets move suddenly in an unfavourable direction.

Trading forex on margin carries a massive amount of risk. Additionally, the high leverage of 1: Further Xtrade fees are even charged for deposit or withdrawal processing.

Bank intermediaries or processing fees can be levied though. Using third-party withdrawal payment methods can cause expenses. Processing time, on an average, is 1 to 5 working days which is just about the industry average. Xtrade offers nearly forty payment methods for funding the account, USD being the minimum amount required. All of which makes buying bitcoin and other cryptocurrencies relatively easy for a newbie to the market.

Withdrawals follow the same route as deposits and as long as AML documents are in place, withdrawals are easy. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.

Platform Processing CFDs requires an entirely different back office and software protocols. To accommodate its needs in the most effective manner, the management team at XTrade chose to develop its own proprietary trading platform. It has the look and feel of other online systems, is user-friendly, and allows one-touch access to open positions, asset choices, history, and trading tools.

No complex downloads are necessary, and mobile applications complete the platform possibilities. For security and safety purposes, all personal information and trading session data are encrypted using the latest in bit SSL technology. Hackers will not ruin your day with this broker. In addition to credit and debit cards and banking wire transfers, they support a host of ewallet and domestic payment provider alternatives. Withdrawals must follow the same deposit route, per law, and withdrawals will be a snap, as long as AML documentation is in order, once again as per international law.

The reps speak six languages, and the website supports 16 languages. Account managers can address your queries directly or guide you through set up, system familiarization, and training education, if necessary. The website is full of helpful examples that explain how spreads, leverage, and risk management tools apply. Conclusion Trading CFDs is one of the newer trading methods to hit the forex market in recent years, and with any innovation, it helps to be with a pioneer in the genre that has years of experience at its craft.

 

Spreads and Leverage 

Xtrade MasterCard® card is a Prepaid card that can be used anywhere around the globe, supporting seamless integration with your Xtrade account.

Xtrade is committed to comply with the legislation for the protection of personal data and takes appropriate technical and organizational measures for the safety of your personal data against accidental or unlawful destruction or accidental loss or alteration, prohibited access or any other unauthorized form of processing. Xtrade offering the best in online CFD trading and online forex trading. Enjoy the Xtrade investment portal to satisfy your investment requirements: all leading markets, seamless cross-platform access and advanced trading tools to help you trade your best. 

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XTrade offers nearly 40 different ways to deposit funds, $ being the minimum amount required. In addition to credit and debit cards and banking wire transfers, they support . Please do not allow another xtrade scam to go on, don’t be an xtrade scam victim any more do something today. Join the class action. These xtrade scam victims did not get much help because they did not work together to bring justice.

Aug 14,  · Xtrade app offers professional trading functionality with a simple user-friendly interface. - Trade CFDs on the world’s most popular financial instruments. - Fast and efficient CFD trading. - Get access to real-time market quotes including: popular stocks, indexes, forex pairs, and commodities such as gold and oil/5(K). * Please note that your credit card statement will show afylir.tk as the merchant for this purchase.

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