Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Basic information from Xtrade review
About the broker
| Web: | xtrade.com |
| License: | IFSC |
| Supported languages: | English, German, Polish, Spanish, French, Italian, Hungarian, Slovak, Swedish, Turkish, Portuguese, Vietnamese, Hindi and Russian |
| Year of foundation: | 2003 |
| Holder: | Xtrade International Ltd |
| Headquarters: | No.5 Cork Street, Belize City, Belize. C.A, Belize |
| Methods of contacting customer support: | E-mail, phone, online chat |
| Contact: | support@xtrade.com, 1800 017 5700 |
| Deposit methods: | Bank transfer, VISA, MasterCard, Alipay, AstroPay, Boleto, BPAY, Cartão Mercado Livre, CASHU, ecoPayz, Elo (Brazil), ePay (epay.bg), EPS, FasaPay, Giropay, HalCash, iBank&BankLink, iDEAL, Itau, JCB, Jeton, Moneta.ru, Multibanco, Neosurf, Oxxo, PagoEfectivo, PagoFacil, PayU, Poli, Przelewy24, PSE, Qiwi, Rapipago, Sofort, TeleIngreso , toditoCash, UnionPay, VLoad, WebMoney, WeChatPay, Wire2Pay, Yandex Money |
| Withdrawal methods: | Bank transfer, VISA, MasterCard, Alipay, AstroPay, Boleto, BPAY, Cartão Mercado Livre, CASHU, ecoPayz, Elo (Brazil), ePay (epay.bg), EPS, FasaPay, Giropay, HalCash, iBank&BankLink, iDEAL, Itau, JCB, Jeton, Moneta.ru, Multibanco, Neosurf, Oxxo, PagoEfecti |
About trading with Xtrade
| Minimum deposit: | 250 USD |
| Min. trade: | 0.01 |
Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:100 |
| Spreads: | Look at the spread table - minimal spread on the currency pair EUR/USD is 0.5 pips * on a standard account type |
Underlying assets: Might be a CFD. | Forex (55), cryptocurrencies (15) |
| Mobile app: |  |
| MetaTrader 4: |  |
| Other trading platforms: | Xtrade WebTrader, WebTrader |
| Social trading: | |
Spreads & fees
Fees of most brokers change relatively often and unfortunately it is not in our possibilities to keep up-to-date information about fees at Xtrade, of course you can find current info on their website xtrade.com.
Minimal spreads at Xtrade on standard account*
| EUR/USD | GBP/USD | USD/JPY | EUR/GBP | USD/CHF | EUR/JPY |
|---|---|---|---|---|---|
| 0.5 | 0.4 | 0.5 |
* Spread was taken 17.09.2020 at 09:39 from the web or trading platform of Xtrade.
Random reviews of competing CFD brokers: BlueBullCap, HotForex, TradeCMX and VTMarkets
Frequently Asked Questions
🧐 Is Xtrade a scam?
We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if Xtrade is a scam or not.
🆓 How to open a free demo account?
Opening a demo account with Xtrade is very simple, just register on their website.
📱 Does Xtrade offer the best mobile app for trading?
Xtrade offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.
We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the Xtrade mobile app.
⚖️ Would you recommend me Xtrade?
Xtrade is one of tens (possibly hundreds) of brokers operating in the European Union, Australia, New Zealand, Great Britain and United States of America, and that's why it makes no sense to choose Xtrade as a broker where you trade before you compare it with competitors.
We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.
| Broker | English | Min. deposit | Spread EUR/USD* | Platforms | License | |
|---|---|---|---|---|---|---|
 | | 100 USD | 1.0 pips Spread was taken 10.05.2024 at 11:12 from the web or trading platform of Etoro. | In-house built platform | FCAASICCySec | etoro.comreview EUR/USD*: 1.0 pips Spread was taken 10.05.2024 at 11:12 from the web or trading platform of Etoro. |
 | | 0 | 0.9 pips Spread was taken 10.05.2024 at 11:12 from the web or trading platform of XTB. | In-house built platform | FCA CySec | xtb.comreview EUR/USD*: 0.9 pips Spread was taken 10.05.2024 at 11:12 from the web or trading platform of XTB. |
 | | 100 USD | 0.8 pips Spread was taken 10.05.2024 at 11:12 from the web or trading platform of Plus500. | In-house built CFD platform | FCAASICCySec | plus500.comreview EUR/USD*: 0.8 pips Spread was taken 10.05.2024 at 11:12 from the web or trading platform of Plus500. |
* The spread is variable for most brokers and changes depending on market volatility.
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by Etoro 51% of retail investor accounts lose money when trading CFDs with this provider - advertising partner.
That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.
If you have any experience with Xtrade, please share it in the comments to help others to choose the suitable broker.
I don’t regret registering a trading account with this broker because it met all my expectations. I don’t expect a lot from any broker I’m going to join. All I want to get is the possibility to withdraw money. The rest doesn’t bother me. When I know for sure that I can always get my earned money, it gives me peace of mind. Here I withdraw funds with no hassle.
As for regulation, I didn’t even check it out. I tested the broker practically and was satisfied with the result.
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I absolutely share your point of view. I have always been skeptical about information about licenses on the sites of various brokers, but I know the real test can’t tell lies. It’s the only way to learn the truth about any broker.
This broker simply does everything well. Not great, but okay. I cannot complain about the services but I can give them a little praise. I like trading with this broker for the trading conditions and pricing. I wish more attention could be paid to the pale design but it happens to be functional.
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They know how to navigate the landscape amongst their rival CFD brokers. Quite the competitive pricing for this level of trade execution. I also get tons of technical support from their customer care team
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I had a different experince before I started trading with Xtrade. For some reasons I didn’t find this broker earlier. I guess my perfomace could be better if I did. My ex-brokers were kind of dubious and almost all of them didn’t had a regulation. That fact worried me so much I didn’t feel my funds are safe.
Since I started my trading with xtrade I realized legal points is ok and my results started to grow gradualy.
Broker has a branded trading platform based on WebTrader and it is very comfortable to work with. As long as I always move from spot to spot due to my main job, I was looking for something to help me trade while traveling. And it turned out broker has an application for tablets. Finaly, I can rely on broker and focus on trading.
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I also appreciate this web platform. It’s much better than Metatrader.
Overall xTrade broker is above the industry average that’s for sure. Trading environment created by the company is worth trying on a demo account at the very least.
Maybe I have some complaints about the spread size.
In other things the broker proved itself as a credible partner for traders.
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Is educational content provided by this broker valuable for watching/reading? How can you assess it?
Friend, I find all broker’s materials to be very helpful! But everyone has his own opinion. Right? So, I advise you to read them and then you will be able to understand if they are helpful or not.
I strongly believe that every educational content is valuable even if it is on the same subject. Because every forex broker can give the information about the same topic at a different angle. So you can get the different perspective of the similar issue.
Hence why I try to read as many educational articles or watch educational videos.
I think I saw them all at Xtrade and it was a good experience, definitely not worthless.
It made me think of a couple things that I didn’t even think about before.
So I would recommend Xtrade education section for everybody.
With this broker, I trade rather a conventional array of financial instruments. These are major and minor currency pairs. I want to stress that it’s the first place I started to trade government bonds. Earlier I underestimated these assets, but my experience showed that exactly bonds determine the market direction for many currency pairs, not to mention commodities. Now I not only keep an eye on their value but also trade them separately here
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A lot has been written about the platform that made me decide to open up an account. Essentially I’ve been happy with the practises. I could easily phone customer serices up and they led me to the proper direction to solve whatever issue I had. I trade in pretty much every CFD they offer and use webtrader, very useful. Can recommend.
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In the beginning I didn’t know that there are so many complimentary xtrade reviews. I guess it’s good so I made an unbiased decision about making an account here.
The thing that attracted me with xtrade is that it is a highly customer- oriented company generally. I mean, diverse account types, tons of tradable instruments, fast and informative client support. All these qualities made that impression on me.
Now after some time passed, I completely realize that my initial impression was spot on. And that I made the correct decision then. Because the broker didn’t let me down, moreover it supports me in everything I do. For instance, I was fond of intraday trading back in the days, and the conditions of Xtrade matched my tactic. Over time I became more inclined to long-term trading/investing stuf right because of the assets of xtrade. I received new knowledge and found some perfect assets to invest in, or at least to trade them in a long haul. Xtrade is a solid broker for sure.
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It’s great to be customer of broker with excellent reputation. It adds to my confidence in trading! After all, I am sure that my income is safe.
0
Xtrade broker seems to me pretty enticing.
I mean conditions of course. I haven’t explored everything here yet, because I only recently opened here an account. The main thing for me is to check regulations and certifications. This thing is done.
The next step is find out more about conditions. Wanna ask a question. What is the leverage here?
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First thing that i noticed is that xtrade pays much attention to the security of clients’ funds. The company is regulated by the number of watchdogs, the watchdogs that are well known by its strict regulation rules towards the forex brokers. Not only that, if a broker works with these authorities it assumes that your funds are insured for a certain amount just in case. Anyways, if you’ll have some questions about the indicated topic, contact support, they will clear it out.
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I really like the Xtrade platform for its versatility. What I mean is that it can be utilized as a trading platform and personal area. So that if you need to manage your account details, contact support or withdraw money it’s all can be done from it. By the way I never had a problem with withdrawals at xtrade.
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What can I say about this broker… Nothing unique. At least for me. I have been trading with lots of CFDs brokers, and yeah, this broker has its own distinguishing traits which might be considered as advantages, but it’s tough to surprise me.
I have lots of experience, but some feature I like here. For example, I like the education model offered by Xtrade. There are special courses, blog, webinars and many other things which can affect skills development.
Basically, I tried some courses out just because I was eager to know how does the company presents the company to the clients, and, yeah, it does it with dignity.
The courses are definitely beneficial for new traders and those ones who lack of knowledge.
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Xtrade trading conditions in the sphere of tradable instruments and pricing are very attractive. I saw this amount of assets for the first time. Various types of markets are also a great thing. The trading fees are around the industry average, so it doesn’t bother me too much.
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With Meta trader being one of the most popular trading platforms, it is disappointing not to have them available to traders. Xtrade is regulated by ASIC and has many other cool and important features. I sometimes use the learning platform to refer to new traders because it’s simple to understand. But I am a creature of habit. I am accustomed to the MT universe and gravitate naturally toward using their products. But, I will give the xtrade platform a chance though. There is a lot to explore.
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Oh my god! all these old people that grumbling about absence of metatrader platforms just stop. Stop and try something new, just for the sake of your own mental health.
It is scientifically proven that learning new activities creates brand new neural circuitry in your brain. Therefore your brain is less susceptible to aging.
Plus Xtrade platform is very well-designed platform. I can’t say that it is much worse than metatrader functionality-wise. On the contrary, there are some features that you can’t find in MT platforms. For example you can manage your account through an xtrade platform.
Anyways if you want to trade the wide array of the xtrade assets, then you need to learn xtrade platform first.
My Xtrade account is only a couple of months old. Initially I was genuinely impressed by the amount of instruments and the variety of them. Where was the last time you saw shares, ETFs and government bonds as tradable? I’ve neve seen this, honestly. Yeah, I can’t name myself a very accomplished trader, but still. Even my little experience tells me that these kinds of assets are not very common among forex brokers.
In addition xTrade offers them as CFDs, which is another advantage. It means you don’t have to wait for equity to fall in order to buy it. Just make profits from every price movement, bullish or bearish.
Xtrade trading platform though it’s the least broker’s feature I like. But what can I say, life is about compromises. There is never a perfect broker or perfect moment, you just have to choose your path and take action.
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I guess it is a matter of taste. I like the trading platform. Browser based platfrom allows you to trade from anywhere. Guess it is nice!
The broker pricing is better to other companys. First of all it the low spread and no comisions that attracts me. Also xtrade have free withdrawal methods, all of them free.
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How do I start trading on Xtrade platform? Is it difficult for beginners?
I like Xtrade because it is open to its customers. I mean broker has no hidden commissions or anything like that. Broker’s support team answers all questions as quickly and informatively as possible. I don’t like to bother people for no reason, but if I ask questions to customer service, I always get polite answers. That’s nice!
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So I read a lot of Xtrade reviews with negative in it and I just wonder how these people even able to trade? But then I understand that they don’t and they write these comments instead:)
For real, Xtrade is a legit broker with a bunch of regulators. It provides the top quality services and well known in the forex trading world. When I just started trading, I decided to do it with xtrade. And I made my first deposit here. Now as a two years experienced trader I could say I wasn’t wrong.
And I appreciate it has a branded web trader as its main trading platform. Platform is very user-friendly and have a nice interface. Moreover they got tablet app. Might be a little old fashioned, but definitely necessary for someone like me!
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Xtrade pleasantly surprised me with the level of service it provides to its customers. Frankly speaking I didn’t expect much from the broker. It left a good impression on me at first sight, that’s why I decided to make a real account. However over time I realized that Xtrade’s trading conditions are above market average. Just look at the number and variety of instruments and you’ll understand what I’m talking about.
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What is required of broker in order to provide comfortable trading?
Such broker must meet basic requirements:
1. Optimal trading conditions
2. Broker’s trading platform should be user-friendly and have wide functionality.
3. Several options for depositing and withdrawing money. Each customer can choose a suitable way.
4. Clear registration and verification procedure. Personal data protection.
5. Minimal commissions and fees.
6. Broker should have legal basis to conduct brokerage services.
In my opinion, Xtrade fully meets these requirements.
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I agree with every point!
In my opinion, this broker can interest traders with excellent trading conditions. Another advantage, in my opinion, is trading platform. It is very convenient and, at the same time, multifunctional.
I think every trader should choose broker on basis of their own preferences. But I liked Xtrade, and I opened my account here.
Since then, I’ve been trading and making profit. And I don’t have any problems because all my problems are solved by broker.
I trade mostly currency pairs at xtrade broker.So I found an exciting feature – daily analysis videos. These videos cover currencies in their analysis. Therefore I get the inspiration when I am stuck with my own technical analytics. Or sometimes videos can be profitable by itself, the xtrade analysis is on point.
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Broker provides great opportunities to implement any trading ideas. I am experimenting and trying many trading strategies. All of them are easily applied on Xtrade platform!
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What is the leverage here? What leverage is the highest? Wanna try leverage trading…
If you really want to try leverage trading, you found the right place because Xtrade broker offers nothing but leverage trading. All of the broker’s tradable instruments are CFDs, which means that you can’t trade them without margin.
Now what about leverage here. Xtrade has a diverse leverage on various assets. Let me give you an example. The most common tool for trading – currency pairs have the maximum leverage of 1:400. It’s a solid leverage to be fair, that allows you to make good profits.
Of course if you know what you’re doing and I hope you do, otherwise stay away from real accounts. Trade demo until you craft your own trading strategy and master it.
Let’s go further. Xtrade stocks, I believe , have the lowest leverage of 1:10. That’s quite standard, stocks like cryptocurrencies tend to have this kind of leverage everywhere I traded. Although I got to mention that Xtrade Bitcoin has higher leverage than other crypto assets – 1:50. So don’t be afraid to trade at Xrade, leverage here is decent.
Nice trading platform. I used to trade via desktop platforms, but once i tried online terminal i found it much more usable.
The only thing i can’t get used to is inability to change the order of columns in instrument’s spredsheet.
But it couldn’t be compared with comfort of ability to work from any device.
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If I stop trading and I have a zero account balance, will my account be closed by the broker or not?
I don’t think so.
Your account will still be active.
Almost all normal brokers have these rules.
I’ll give their trading app a 7/10 because honestly from such a broker, I was expecting something more advanced or something…
But their video reviews, that’s 10/10, really worthwhile information about the latest market news…
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I have a desire to continue trading here. I should confess that initially I didn’t want to trade here because at first the broker didn’t look worthy. I just was in low spirits. Later I got back to the trader and decided to sign up. Afterall, I thought it would be a good thing to trade my favorite indices USA 500 and USA 30. I should say that I recently discovered such assets as indices. For some reason, I had been neglecting them for a long time.
As for now, I can say that I trade mostly indices with all brokers I registered with. Earlier I tried to benefit from major currency pairs. What I like in indices is that there are no two currencies, each of them I need to consider separately. Indices are very close to cryptos to my mind.
I also enjoy the broker’s trading platform. Its layout is appealing to me and the functionality is sufficient. Earlier I traded on MTs only and tried to use as many indicators as possible. Now I don’t use indicators and respectively prefer less functional but more user-friendly platforms. When I trade I need several price levels and a good reaction. That’s all.
By the way, when deciding on the broker I didn’t view xtrade reviews. User feedback doesn’t matter for me. I rely on my experience only.
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Wow such a mantra! Agree with you about relying on yourself only. And, by the way, I like webtrader much more than MT4 smh 🙂