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 03.05.2024 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 03.05.2024 at 11:12 from the web or trading platform of Etoro. |
 | | 0 | 0.9 pips Spread was taken 03.05.2024 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 03.05.2024 at 11:12 from the web or trading platform of XTB. |
 | | 100 USD | 0.8 pips Spread was taken 03.05.2024 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 03.05.2024 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.
Is this broker cost-efficient, meaning that I won’t bring too many expenses trading on its platform?
Good review that gives an overview of the broker.
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Yeah I am very impressed with trading platforms and I keep asking myself how they do that. It is very fast, very reliable and easy to navigate. I guess even a 5 year old child would instantly understand what to do there. But trading is not the only positive side of xtrade. Everything is positive including fees, withdrawals and all the other stuff.
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Exceptionally user-friendly and tailored to suit my needs. Its seamless design ensures a smooth experience while offering many tools and resources at my disposal.
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I have been trading with Xtrade and am happy with their performance. Deposits and withdrawals have been easy, showing they are reliable and trustworthy. Although the spreads are reasonable, they could be more competitive. The platform is quick, dependable, and easy to use, offering numerous assets. Overall, I am pleased with Xtrade’s services and would recommend them.
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Ummm… Too bad because I have spotted a couple of wrong, or maybe out-dated info. First of all, the max leverage is definitely not 1:100. Even trading indices has a leverage of 1:200, and USDJPY has a leverage of 1:400. If there was a max, it would be the 1:400. Secondly, there is also a mistake in the minimum deposit. As of last week when I made a deposit, I put in only a hundred dollars. Which is different from what you have there. I won’t dispute the fact that this might have been correct a couple years ago but this is not fact now and needs to be updated.
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I am happy with everything this broker has except the spread’s size and the platform’s convenience.
Everything else is excellent.
In some Xtrade reviews they say that the platform is easy to get used to and the spreads are quite tight compared to some brokers.
That’s why I am ready to continue trading here.
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You have to monitor the market situation to catch good spreads for the assets. Otherwise you’ll get wide spreads every time.
What are the benefits of trading Xtrade ETFs?
There are a lot of benefits of trading ETFs and I will start by describing what an ETF is and then you will understand. Exchange Traded Funds (ETFs) are marketable securities products that consist of a basket of related instruments. They are designed to track the performance of economic sectors, commodities, debt, currencies, indices and volatility measures. So first of all you are reducing the volatility of the instrument you are trading, then it is more predictable than regular stocks. And in general you can get higher leverage for trading ets. I guess this helps you. By the way, it has fixed spread in xtrade so that is one more advantage.
I have not been always so lucky with my preferences and choices when it comes to online trading. It used to get done over the phone with your broker back in the day, nowadays, you pretty much can do everything on your own. I have been reading what people are interested in and read some Xtrade reviews, they were quite extensive and people seemed to be liking them.
Then I became a client of this company, and realized that this is more than expected! Internationally recognized, quallified to cater to professional traders and simple enough to cater to novice traders. Fixed spreads and no commissions on so many assets. So I was kind of quick to become fond of them. So far, I am liking my short but intensive experience with them. Let’s see how it’ll go but it’s already promising
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The list of tradable assets, presented on this platform is awesome! I mean, I can diversify my trading via trading both such high-risk assets as cryptocurrencies for instance, and them itigate these risk via investing funds into ETFs.
It’s like water extinguishes fire, you know what I mean.
Other than that, different auxiliary instruments look so appropriate.
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It’s the trading platform of the broker that caught my fancy in the beginning. Later I found out that this is a credible broker with great conditions too.
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The experience of using a completely personalized app by a broker is really great. You would remember every single detail about the experience. And the xtrade app is really a reliable one. It is easy to use and reliable.
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It was untypical for me to have a bar with information on the left, but at the same time it doesn’t play a major role. The matter is to trade with convenient conditions, and the company handles this task flawlessly.
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I have been using Xtrade for a few months now and I am thoroughly impressed with their platform. As someone who is new to trading, I was initially hesitant to jump into it, but Xtrade made the entire process simple and intuitive.
One thing that stood out to me was the number of positive Xtrade reviews online. It reassured me that I was making the right choice.
The fact that I can access the platform from anywhere, using my laptop or mobile device is also a plus.
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The broker has several types of accounts which you can open if you have enough money.
This is a great motivation to succeed in trading. In addition, Spread Reduction is available on the most advanced accounts.
This can significantly reduce the cost of trading.
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Xtrade has a comprehensive education center that has helped me improve my trading skills. The education center offers a range of resources including video tutorials, e-books, and trading guides to help traders of all levels.
The video tutorials cover topics such as technical analysis, fundamental analysis, and risk management. The market analyses are conducted by market experts giving clients a slight edge. The e-books provide in-depth insights into various aspects of trading such as chart patterns and trading psychology.
Overall, the education center has been a valuable resource for me and has helped me become a more skilled trader.
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As a newbie trader, I totally feel you. Xtrade’s education center is the real deal! It’s seriously the best! Their video tutorials are so easy to follow and have been a huge help for me. Plus, their e-books offer some really valuable insights on trading that I’ve found super useful.
One thing that really caught my attention was their advice on risk management – it’s made a big difference for me already. And let’s not forget how cool it is that expert analysts keep us ahead of the game.
So glad I found this broker and its amazing educational resources!
Overall quality of Xtrade services delight me. I am a current user and even taking into account the absence of renowned software for trading, proprietary platform still conitnues to be a good alternative. Yeah, it may perform a bit slower, but it isn’t unpleasant or something like that. It has a pretty convenient interface and I quickly got used to it.
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When you look at the platform, looks maybe a bit of outdated and dull on the surface, but when you go actually inside, you realize that everything works the way it should. The asset support is abundant, customer service works great, security measures are in place, the trading is not more costlier than it should be. I think it deserves your attention and time to try them out.
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Maybe some people don’t know about this but xtrade is one of the robust and reliable choices on the market when it comes to brokers. It offers a good amount of assets, the processes are made simpler and the trading is basically hassle-free. I especially like the customer care’s attitude.
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It is uncanny that how Xtrade is an undiscovered gem. But what I found is that, people who are really involved in the markets for real definitely seem to know about Xtrade. A lot of pro traders and market veterans I know have an account there.
Generally, I like this broker. Now let me give you some reasons why.
I found that the trading platform is quick and reliable. That is what counts. It also helps that the support team is competent.
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I trade with Xtrade for a substantial time already. And everything is nice. I mean no issues with the platform, range of assets is pretty wide, but design of the official website just disturbs me. I think they should change it imho
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What account type do I need to open to access the platform’s mobile version?
All account types have access to the web version of the platform. You can just pick the one that is most suitable to you in terms of the trading conditions, and you will surely have access to the web version.
As I am fond of trading currencies predominantly, this broker suits me most. It offers an enormous number of CFDs and this fact makes me to feel convenience during trading. I do know I can switch among various pairs from majors to minors/exotic and vice versa. All decisions are made based on the situation in the market. Plus, majors, according to my observations are more volatile, thus it opens more opportunities. However, don’t forget about risk management, guys, it’s crucial.
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constant skills development is something I like in this company.
all the materials were thoroughly prepared and presented to traders. they are for those who still feel the lack of required skills.
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I have to admit, I did not have my hopes up when I was registering. I know the broker is regulated and safe, but their kind of old website sort of made me realized that I should not be expecting a lot from trading on their platform. I mean sure, the spreads are competitive, customer support is nice, the relaibility is there. But the overall experience and the feeling could be better.
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Yeah. Website of the broker is not the most convenient of all, I can vouch for that.
However, all the rest works fine by me. Platform is custom made, but all the functionality is there.
Tons of assets, especially stocks. I still discover some instruments till these days. On top of that all the payments are free from commissions.
So the inconvenience of the website is compensated by the trading conditions by a mile.
Well, just like every sensical and reasonable person, I read a lot of Xtrade review pieces online, and overall they were very compelling and in favor of the company. So I decided to open an account and start trading there. I did not deposit a lot of money to begin with, just to be safe, and traded some positions until I figure out I could trust this company and do most of my deals there.
My first impressions about the company would be:
+ The company is regulated, uses lots of practices and protocols
+ You get provided a good amount of educational stuff to get you started.
+ The spreads are relatively favorable, you do not incur a lot of pointless outlays.
+ Platforms execute fast. You can get your trades in very well when things get dynamic.
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I have closed not so many deals with this company as I prefer to open deals for several days, my primary timeframes are D1-W1 and actually I seen no reason not to trade here.
All instruments are available, it doesn’t matter whether you are a daytrader or an investor.
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I had a couple brokers before I began to work with Xtrade, but they were kind of dubious if compare to it. And Xtrade’s conditions are fit me much more. the most important thing is that it is a regulated company, so i don’t need to worry about my funds and I can focus on trading. Trading platform runs stable, spreads are comfortable and support service is always here to help with any case.
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Judging by the information I got from the official site of Xtrade, the trading conditions and tools the broker provides suit me.
I also noticed that there are tutorials on the site. Are there any people who found them helpful?
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it ain’t really matter for me that there is only webtrader.
this platform works as perfect as renowned platforms, hence there is no need to bother bout’ it at all.
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