XTrade Rated 3/5

XTrade Guide - Read our In Depth 2021 XTrade Review

This XTrade review was written by industry experts with over 20 years of financial experience in Forex, CFDs.

Benefits of Trading with XTrade

XTrade Review 2021 Quick Summary
💰 Min Deposit 1
👱‍♂️ Used By 10,000 XTrade users and traders
📆 Founded 2003
🌍 HQ Australia
👮‍♂️ Regulation Cyprus Securities and Exchange Commission (CySEC)
🚫 Excluded Countries XTrade is not available in the following countries :

Open XTrade's Website

Losses can exceed deposits


learn more Learn more about eToro.
67% of retail investor accounts lose money when trading CFDs with this provider.

What is XTrade?

XTrade are a global online financial trading platform and multi asset broker founded in 2003

Over 18 years later XTrade has grown to offering retail investors Forex trading, and CFDs trading.

XTrade are a global broker. XTrade have a head office in Australia.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this XTrade review and assess how well the XTrade platform functions in its role as an international multiple financial asset trading platform for traders in 2021.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like XTrade can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of XTrade we breakdown the pros and cons. What XTrade are able to offer, what countries XTrade are available in. Who XTrade are regulated by and more.

XTrade Review Screenshot

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this XTrade review useful.

This review of the XTrade platform is very detailed. If you are interested in trading with XTrade in any capacity please take the time to read and research the whole XTrade review.

We have tried to explain the ins and outs of financial trading through the XTrade platform as plainly as possible so that you the trader are as informed as possible before you start to use the XTrade trading tools and depositing and withdrawing funds from XTrade.

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with XTrade like Forex trading, and CFDs trading. you should have confidence in XTrade and know that the management of your financial investments on the XTrade platform are in good hands.

At the bottom of this XTrade review you can also learn about some pretty good alternatives to XTrade

With this XTrade review we hope to help you see if XTrade is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding XTrade that will help you get off to a good start in the world of online trading.

XTrade Review Table of Contents

XTrade review
XTrade is a Multi-Assets Trading Platform with over 50+ Assets

Learn more about XTrade. XTrade is a multi asset platform with 50+ tradable Assets. Assets available on XTrade include Forex, CFDs.

XTrade trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex, CFDs are considered financial assets.

Features of XTrade

XTrade review
What you should know

XTrade offer two ways to trade: Forex, CFDs.

With XTrade you will need a minimum deposit of $1. You can sign up for a demo account to acquaint yourself with XTrade platform.

XTrade are able to accommodate various levels of traders whether you are experienced or a beginner.

Are XTrade safe?

When choosing a broker like XTrade the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2003, and in operation for 18 years XTrade have a head office in Australia.

XTrade is regulated. This means XTrade are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to XTrade, this will be honored. If XTrade violate any regulatory rules their regulated status could be stripped.

Losses can exceed deposits

Is my money safe with XTrade?

Any payments funded to XTrade accounts by traders are held in a segregated bank account.

For added security XTrade use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should XTrade use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in XTrade deposited in a Tier 1 bank?

Having any money you deposit with XTrade means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if XTrade goes out of business for some reason.

Therefore, we can safely conclude that XTrade is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex, CFDs is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. XTrade also clearly state on their platform that Losses can exceed deposits.

Now that we have answered some important questions regrding XTrade. let us look at the XTrade features in more detail.

Try creating two accounts when you are working with XTrade. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit XTrade

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How XTrade as a Company Compare Against Other Brokers

Broker XTrade eToro XTB IC Markets
Year Established 2003 2007 2002 2007
Head Office Australia Cyprus, UK Poland Australia
Regulation Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ XTrade users 20,000,000+ eToro users 250,000+ XTB users 180,000+ IC Markets users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit XTrade Visit eToro Visit XTB Visit IC Markets
Risk Warning Losses can exceed deposits 67% of retail investor accounts lose money when trading CFDs with this provider. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits

XTrade review
XTrade Pros and Cons

What we like about XTrade

  • Used by over 10,000 XTrade users and traders
  • Established in 2003
  • Regulated by Cyprus Securities and Exchange Commission (CySEC)
  • Min. deposit from $1

What we don't like about XTrade

XTrade review
XTrade Regulation and Licensing in more detail

We have checked and XTrade is regulated and supervised by reputable organisations. You are able to check every XTrade supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with XTrade. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria for license approval, this is determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect XTrade traders and provide a safe trading environment. Financial regulation and license approval is essential.

XTrade is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as XTrade you should be sure they're legitimate online agent.

Is XTrade Global?

Yes, XTrade is global as XTrade is available in over 194 countries.

XTrade is a global trading platform in the sense that it operates in 194 countries including nations in Europe, Asia, Oceania, and Africa. Major countries XTrade covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. XTrade has a total of more than 10,000 users.

XTrade review
XTrade Fees Explained

  • XTrade withdrawal fees varies on payment method
  • XTrade does charge a fee for inactive accounts.
  • XTrade does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.

How XTrade Fees Compare Against Other Brokers

Broker XTrade eToro XTB IC Markets
Min Deposit 1 50 0 200
Withdrawal Fees Yes varies No
Inactivity Fees Yes Yes No
Deposit Fees No No Varies
CFD Commission Fees Yes Yes Yes

XTrade Minimum Deposit

XTrade require a minimum desposit of 1 GBP/USD when opening an XTrade trading account.

A minimum deposit is the minimum amount of money required by XTrade to open a new online brokerage account with them.

Dont be scared off by brokers like XTrade charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

XTrade Withdrawal Fees

XTrade withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your recieving currency, your payment provider.

XTrade for example allow you to withdraw your funds to Debit cards, Visa, Mastercard, Bank Bank Wire transfer.

XTrade Inactivity Fees

XTrade does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

XTrade Desposit Fees

XTrade does charge deposit fees.

You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

XTrade Commission Fees

XTrade does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

XTrade review
What can you trade with XTrade?

Be aware that Different entities under XTrade Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with XTrade over 50 instruments infact.

If you are looking for Forex brokers to trade currency pairs on global Forex markets XTrade offer over currency pairs.

Compare XTrade with eToro and XTB below.

Losses can exceed deposits

How XTrade Trading Options Compare Against Other Brokers

Broker XTrade eToro XTB IC Markets
Instruments Available 50 2000 4000 232
Platforms Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
FX / Currencies        
Forex pairs offered 50 57 65
Major Forex pairs Yes Yes Yes
Minor Forex pairs Yes Yes Yes
Exotic Forex pairs Yes Yes Yes
Cryptocurrencies (availability subject to regulation) Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 31 21 19
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 2042 1696 110
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
Risk Warning Visit XTrade
Losses can exceed deposits
Visit eToro
67% of retail investor accounts lose money when trading CFDs with this provider.
Visit XTB
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Visit IC Markets
Losses can exceed deposits

XTrade review
Trading on XTrade web platforms and other applications

XTrade also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

See XTrade's platforms

Is the XTrade Trading Platform Secure?

XTrade safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. XTrade also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating XTrade.

XTrade Trading Platform Options

Once you have logged into your XTrade account you will see the below trading platform options available to you.

Lets explore each of these trading platforms in detail and what options XTrade gives you.

XTrade Trading benefits

  • Low min deposit

XTrade Trading Accounts Offered

Below we give an overview on the account types that XTrade offer. Whatever you are looking to trade the varying XTrade account types will be able to provide you with what you need.

Can I try XTrade before I buy?

XTrade offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Losses can exceed deposits

XTrade withdrawal and funding methods

Please note that the list of XTrade payment methods below depend on the XTrade Entity and the Clients Country of Residence.

All available XTrade payment methods available to you can be found in your XTrade members area checked on the XTrade website.

XTrade offer the below funding payment methods. You can use any of the below deposit options if available in your region. learn more about XTrade

XTrade Payment Methods

  • XTrade accepts Debit cards
  • XTrade accepts Visa
  • XTrade accepts Mastercard
  • XTrade accepts Bank Bank Wire transfer
Broker XTrade eToro XTB IC Markets
Bank transfer Yes Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes Yes No
Neteller No Yes Yes Yes

*please note available XTrade and other broker payment methods depend on the clients country of residence.

How can I start trading with XTrade?

When opening a trading account with XTrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on XTrade trading platforms here. You will need to provide some basic documentation to prove your identity as part of XTrade onboarding and normal KYC identity checks. These checks are standard practice and help XTrade provide a safe financial environment for their 10,000 users.

Losses can exceed deposits

Performing trades with XTrade

XTrade allow you to execute a minimum of trade of . This may vary depending on the account you open. XTrade allow you to execute a maxium trade of .

As with most brokers, margin requirements do vary depending on the instruments.

Education resources at XTrade

To trade effectively with XTrade, it's important to get a have a good understanding of the XTrade trading tools and the markets. Make sure you make full use of all education tools. This includes eduction tools with XTrade and externally.

XTrade offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk.

Having an analytical approach may be a good way to approach trading with XTrade.

Take time to look around the XTrade platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at XTrade

As part of our XTrade review we review customer service options, response times and XTrade trading platform problem resolution effectiveness.XTrade support a limited number including .

XTrade have a B grade support rating because sometimes the reposonse was slow or our query wasnt answered. XTrade offer

Livechat Support at XTrade

XTrade does not offer LiveChat Support.

Email Support at XTrade

XTrade does not offer Email Support.

Phone Support at XTrade

XTrade does not offer Phone Support.

See how XTrade Support Compares Against Other Brokers

Broker XTrade eToro XTB IC Markets
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, German, Spanish, French, Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Learn More Visit XTrade Visit eToro Visit XTB Visit IC Markets
Risk Warning Losses can exceed deposits 67% of retail investor accounts lose money when trading CFDs with this provider. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits

What you will need to open an account with XTrade

As XTrade is regulated by Cyprus Securities and Exchange Commission (CySEC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware that the expiration date of Proof of address document for different entities under XTrade Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore XTrade's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with XTrade you can visit the XTrade trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.xtrade.uk/ on September 13, 2021.

Is XTrade A Good Broker?

We spent over 3 months examining XTrade in depth. Although we found some very useful aspects of the XTrade platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative XTrade broker.

  • XTrade have a good track record of offering Forex, CFDs.
  • XTrade has a history of over 18 years.
  • XTrade has a reasonable sized customer support of at least 10.
  • XTrade are regulated by the Cyprus Securities and Exchange Commission (CySEC). This means XTrade fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • XTrade have regulation from Tier 1 reputable regulators.
  • XTrade has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • XTrade have an international presence in multiple countries. This includes local XTrade seminars and training.
  • XTrade are able to hire people from various locations in the world who can better communicate in your local language.

XTrade Risk Disclosure

Losses can exceed deposits

Trading Risk Disclaimer

Trading financial instruments including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss.

XTrade not quite right?

If after reading this XTrade review, XTrade does not fulfill your needs check out these XTrade Alternatives.

Click here to view the best XTrade Alternatives

We have spent years researching the best alternatives to XTrade. Click the links below to learn more.

If you feel some of the above XTrade are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of XTrade alternatives below.

Related XTrade Vs Comparisons

We have covered allot in this XTrade review, If you want to see how XTrade compares side by side with other brokers check out our XTrade Vs pages.

If you would like to see how XTrade stands up against other brokers you can read some of our XTrade comparisons below. We compare side by side some of our top rated XTrade versus comparisons. Read our indepth XTrade VS pages below.

XTrade review
XTRADE Frequently Asked Questions

Read our detailed XTrade FAQ Section updated for 2021.

Can I try XTrade before I buy?

XTrade do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do XTrade accept?

Please note that the list of payment methods below depend on the XTrade Entity and the Clients Country of Residence.

XTrade offer the following funding payment methods Debit cards, Visa, Mastercard, Bank Bank Wire transfer, among other payment methods.
Learn more here

Losses can exceed deposits

Is XTrade safe?

XTrade are considered safe as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC). Any payments funded to XTrade accounts by traders are held in a segregated bank account. For added security XTrade use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Losses can exceed deposits

Is XTrade trading good?

XTrade is considered good and reputable to trade with XTrade. XTrade is used by over 10,000 active traders and XTrade users. XTrade offers Forex trading, and CFDs trading. Minimum deposit with XTrade is 1.

Is XTrade trading Legit?

XTrade was founded in Australia in 2003. XTrade has been facilitating trade on the financial markets for over 18 years. XTrade offers clients Forex trading, and CFDs trading. All funds deposited to XTrade are held in segregated tier 1 bank accounts for security. XTrade is regulated by Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.

Is XTrade a good broker?

XTrade is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker. XTrade allows Forex trading, and CFDs trading.

Is XTrade trustworthy broker?

XTrade can be considered trustworthy. All money funded to XTrade is placed into a segregated tier 1 bank account. this means your money in not held by XTrade directly by a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also XTrade is regulated by Cyprus Securities and Exchange Commission (CySEC).

What is the minimum deposit for XTrade?

The minimum deposit to trade with XTrade is 1.

How long do XTrade withdrawals take?

Withdrawing money from XTrade processing time varies but averages 2-5 days.

Is XTrade regulated?

XTrade is regulated by the Cyprus Securities and Exchange Commission (CySEC). Regulatory bodies conduct regular reviews and audits as part of XTrade maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is XTrade a market maker?

XTrade is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with XTrade?

When opening a trading account with XTrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on XTrade trading platforms here.

Is my money safe with XTrade?

XTrade is regulated by the Cyprus Securities and Exchange Commission (CySEC). One of the most important criteria for traders when choosing a broker like XTrade is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to XTrade, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is XTrade a con?

XTrade is regulated and well established having been in business for over 18 years. XTrade is definitely not a con.

Can you make money with XTrade?

Although traders have had great success with XTrade. Trading on the financial markets with XTrade is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does XTrade have fees?

XTrade withdrawal fees varies on payment method.XTrade does charge a fee for inactive accounts. XTrade does charge deposit fees.

When was XTrade founded?

XTrade was founded in 2003.

How many people use XTrade?

XTrade is used by over 10,000 registered XTrade users.

What is XTrade Headquarters country?

XTrade has its head quarters office in Australia.

Does XTrade offer negative balance protection?

XTrade does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does XTrade offer guaranteed stop loss?

XTrade does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does XTrade allow scalping?

XTrade does not offer scalping.

Does XTrade allow hedging?

XTrade does not offer hedging.

Does XTrade offer CFD trading?

XTrade does not offer CFD trading.

Does XTrade offer STP?

XTrade does not offer STP trading.

How many people use XTrade?

XTrade is used by over 10000 XTrade users and traders.

Is XTrade an ECN broker?

XTrade does not offer ECN trading.

Does XTrade offer a demo account?

XTrade does not offer demo account.

Does XTrade offer an Islamic account?

XTrade does not offer Islamic accounts.

What are the funding methods for XTrade?

Please note that funding methods and funding options available with XTrade can be found in the XTrade Members area and depend on the XTrade client’s country of residence. Please check your specific available payment methods on the XTrade website. XTrade accept the following funding methods : Debit cards, Visa, Mastercard, Bank Bank Wire transfer.

XTrade review written by Andrew Blumer and Mark Hansen

We hope you found our review of the XTrade brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

XTrade review written by Mark Hansen of Comparebrokers.co