XTrade Rated 3/5

XTrade Guide - Read our In Depth 2023 XTrade Review

This detailed XTrade review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex, CFDs.

Learn more about XTrade.

Benefits of Trading with XTrade

XTrade Review 2023 Quick Summary
๐Ÿ’ฐ Min Deposit 1
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 10,000 XTrade users and traders
๐Ÿ“† Founded 2003
๐ŸŒ HQ Australia
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Cyprus Securities and Exchange Commission (CySEC)
๐Ÿšซ Excluded Countries XTrade is not available in the following countries :

Open XTrade's Website

Losses can exceed deposits

Learn more about IC Markets.
learn more Learn more about IC Markets.
Losses can exceed deposits

What is XTrade?

XTrade are a worldwide financial trading platform and broker. founded in 2003

Over 20 years later XTrade now serves over 10,000 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, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this XTrade review and assess how well the XTrade platform functions in its role as an international multi asset trading platform for traders in 2023.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like XTrade. Choosing or shortlisting a trading platform like XTrade can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like XTrade.

As a result, selecting the right trading platform like XTrade requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like XTrade available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like XTrade requires thorough due diligence and careful consideration. Some XTrade trading features can be complex when trading on mobile or using the XTrade online trading platform. Beginners and inexperienced traders must take the time to learn how to use the XTrade trading tools properly. In our review of XTrade we explain the pros and cons. What XTrade offer, countries XTrade are available in. Who XTrade are regulated by and more.

XTrade Review Screenshot

When it comes to online trading with brokers like XTrade, carefully review XTrade as your broker can make or break your success. Choosing the right broker is essential to ensure your XTrade investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your XTrade review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of XTrade. You must also ensure the XTrade broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, XTrade needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with XTrade into easily digestible information in this XTrade review. We want to ensure you have all the knowledge necessary to use the XTrade trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with XTrade are the key to successful trading, so we've provided this detailed XTrade review. So, take a seat, grab a cup of coffee, and dive in to learn about XTrade and how it can benefit you or if XTrade is not for you.

Online investing with XTrade can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with XTrade, evaluating the XTrade platform is important. Evaluation includes researching the XTrade management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with XTrade. That's why it's essential to understand the XTrade company policies and practices before making any investment decisions. By doing your due diligence and understanding XTrade platform, you can make informed investment choices that align with your financial goals. So take the time to research XTrade thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this XTrade review you need to determine if XTrade is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to XTrade, so you can make a more informed decision and compare other brokers against XTrade.

If you want to look at some XTrade alternatives that might better fit your needs, we list and compare some of the best XTrade alternatives further down this XTrade review.

Don't be fooled by the misconception that online trading is easy with XTrade. It can be challenging and requires significant research and understanding of the XTrade trading tools and features. You must know what you are doing when trading with XTrade. That's why we've compiled this detailed XTrade review with some important information that will hopefully make you more informed when online trading with XTrade.

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. A financial asset is any security or asset that has financial value attached, tangible or intangible. 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. The assets and products available to you on the XTrade trading platform depends on the region of the world, you are in and the XTrade entity you have an account.

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 considering XTrade for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as XTrade, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2003, and in operation for 20 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.

XTrade withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like XTrade are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. XTrade are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of XTrade and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. XTrade has a reputation for efficient and reliable fund transfers, and they take great care to ensure that your money is safe and secure. When you submit a withdrawal request, XTrade will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like XTrade, you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds. If XTrade violate any regulatory rules their regulated status could be stripped.

Losses can exceed deposits

Is my money safe with XTrade?

All payments made to XTrade by traders are securely held in a segregated bank account.

XTrade uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

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

XTrade partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their XTrade clients' funds.

XTrade clients can have greater confidence in their financial security when working with a Tier 1 bank because XTrade are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

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

Depositing funds with XTrade ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if XTrade were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that XTrade is a secure and safe platform.

Please be aware that trading in financial assets with XTrade carries a risk of loss. XTrade trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex, CFDs due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

XTrade emphasizes this risk on its platform and provides clear risk warnings - Losses can exceed deposits. After answering some important questions about XTrade, let's closely examine its features.

To better understand the XTrade trading platform, you can create two separate accounts - one with real money and the other a XTrade demo account. A XTrade demo account provides a risk-free environment for experimenting with the XTrade platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in XTrade trading decisions.

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 IC Markets Roboforex eToro
Year Established 2003 2007 2009 2007
Head Office Australia Australia Belize Cyprus, UK
Regulation Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Used By 10,000+ XTrade users 180,000+ IC Markets users 1,000,000+ Roboforex users 30,000,000+ eToro users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit XTrade Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider.

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

XTrade is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of XTrade going into insolvency. XTrade compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like XTrade to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for XTrade traders.

XTrade is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like 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 Africa, Asia, Oceania, and Europe. Major countries XTrade covers include the UK, Germany, South Africa, Thailand, the United States China and Australia. 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.

XTrade Costs To Check

Modern brokers like XTrade provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, XTrade may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall XTrade trading profitability.

How XTrade Fees Compare Against Other Brokers

Broker XTrade IC Markets Roboforex eToro
Min Deposit 1 200 10 50
Withdrawal Fees No Yes Yes
Inactivity Fees No No Yes
Deposit Fees Varies No No
CFD Commission Fees Yes No Yes

XTrade Minimum Deposit

XTrade requires a minimum deposit of 1 GBP/USD/EUR 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.

Don't be scared off by brokers like XTrade charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like XTrade, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

XTrade Withdrawal Fees

The fees for withdrawing funds from your XTrade account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your XTrade withdrawal request is important.

XTrade Withdrawal rules may vary across different brokers when it comes to transferring funds from your XTrade or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with XTrade may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the XTrade withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from XTrade. Researching and comparing XTrade withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing XTrade funds frequently or dealing with large sums of money. Awareness of these XTrade fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your XTrade funds.

For example, XTrade allows 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.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by XTrade terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all XTrade fees and services. It's recommended that you check the XTrade website before signing up. If you decide to close your XTrade account, it's important to do so with the XTrade broker customer support and obtain confirmation that no remaining XTrade fees are due.

Brokers like XTrade must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

XTrade Deposit Fees

XTrade do charge deposit fees.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

XTrade Commission Fees

XTrade does charge commission on CFD instruments.

Brokerage firms like XTrade may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the XTrade trading account level held by the trader.

XTrade may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing XTrade terms and conditions to understand the commission fees and any other charges that may apply is essential.

XTrade review
What can you trade with XTrade?

It's essential to note that the trading instruments offered under the XTrade brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the XTrade trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

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

If you want to trade currency pairs on global Forex markets, XTrade offer over currency pairs.

XTrade Compared To Other Brokers

Compare XTrade with IC Markets and Roboforex below.

Losses can exceed deposits

How XTrade Trading Options Compare Against Other Brokers

Broker XTrade IC Markets Roboforex eToro
Instruments Available 50 2250 100 5000
Platforms MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 61 35 50
Major Forex pairs Yes Yes Yes
Minor Forex pairs Yes Yes Yes
Exotic Forex pairs Yes Yes Yes
Cryptocurrencies (availability subject to regulation) Yes No Yes
Commodity CFDs        
Commodities Offered 0 20 21 31
Metals Yes Yes Yes
Energies Yes No Yes
Agricultural Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 2100 0 2042
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 IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
74% of retail investor accounts lose money when trading CFDs with this provider.

XTrade review
Trading on XTrade web platforms and other applications

XTrade also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See XTrade's platforms

Is the XTrade Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the XTrade trading platform to protect you on PC and mobile XTrade platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using XTrade web trading platforms.

XTrade Trading Platform Options

After logging into your XTrade account, you'll find a range of trading platform options available below.

Let's explore each of these trading platforms in detail and what options XTrade gives you.

XTrade Trading benefits

  • XTrade Low min deposit

XTrade Trading Accounts Offered

Below we give an overview of 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?

XTrade provides a demo account that enables individuals to explore trading before investing their funds. By creating a XTrade practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the XTrade demo account can help individuals to make informed decisions before investing their money.

Open a demo XTrade account to practice and trade.

Losses can exceed deposits

XTrade withdrawal and funding methods

It's essential to remember that the payment methods provided by XTrade vary based on the XTrade entity and the XTrade client's country of residence. To view the XTrade payment options available, you can log into your XTrade member's area.

XTrade offers various funding payment methods listed in your XTrade dashboard if available in your region. To learn more about the XTrade funding and withdrawal options available in your area, you can explore the XTrade website.

XTrade provides several payment methods for funding your XTrade account. You may utilize any of these deposit options if they are available in your region. XTrade ensures that users have multiple payment methods to choose from, making it more convenient for verified XTrade account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the XTrade user's location. learn more about XTrade funding and withdrawal methods.

XTrade Payment Methods

Some XTrade payment methods are local and are available only to specific regions. XTrade account holders should check which payment methods are provided in your region.
  • XTrade accepts Debit cards
  • XTrade accepts Visa
  • XTrade accepts Mastercard
  • XTrade accepts Bank Bank Wire transfer
Broker XTrade IC Markets Roboforex eToro
Bank transfer Yes Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes No Yes
Skrill No Yes Yes Yes
Payoneer No No 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?

To open a trading account with XTrade, individuals can sign up on the XTrade website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for XTrade account validation and making a deposit. Once completed, XTrade users can download the trading platform of their choice.

It's important to note that XTrade requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps XTrade maintain a trustworthy financial environment for its 10,000 users. Detailed information on the XTrade trading platforms is available on their website.

Losses can exceed deposits

Performing trades with XTrade

When using XTrade, the minimum trade size is typically units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. XTrade have a max trade of .

Like other brokers, XTrade margin requirements can differ depending on the traded instrument.

Education Resources at XTrade

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

XTrade . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with XTrade. Familiarizing yourself with the XTrade trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using XTrade. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with XTrade involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like XTrade, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with XTrade. Explore the XTrade platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with XTrade, before live trading.

Customer Support at XTrade

As part of our XTrade review, we review customer service options, response times and problem resolution effectiveness on the XTrade trading platform. The XTrade trading platform supports a limited number of languages which includes .

XTrade Available Support Types

XTrade have a B grade support rating because sometimes the response was slow or they didn't answer our query. 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 IC Markets Roboforex eToro
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, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian
Learn More Visit XTrade Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider.

What you will need to open an account with XTrade

As XTrade is regulated by Cyprus Securities and Exchange Commission (CySEC).

As a new client of XTrade, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with XTrade in your region. During the XTrade account opening process, you will be asked to provide XTrade with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with XTrade have the following documents available.

  • XTrade require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for XTrade compliance. This must be dated within the last six months.
  • If you plan to fund your XTrade account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the XTrade platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under XTrade Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring XTrade's platform.

However, remember that you won't be able to make trades on XTrade until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the XTrade KYC compliance process as soon as possible to avoid any delays in accessing the XTrade platform's features.

It is important to note that XTrade may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the XTrade platform and features immediately. However, you must pass the verification process to start live trading with XTrade, which can take up to a few business days.

To start the process of opening an account with XTrade you can visit the XTrade trading platform here.
Losses can exceed deposits
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested 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 investment advice. All information collected from https://www.xtrade.uk/ on September 19, 2023.

Is XTrade A Good Broker?

We have spent over 5 years examining XTrade in depth. Although we found some very useful aspects of the XTrade platform that would be useful to some traders. We feel that a alternative to XTrade may better suit you.

  • XTrade have a good track record of offering Forex, CFDs.
  • XTrade has a history of over 20 years.
  • XTrade has a reasonable sized customer support of at least 10.
  • XTrade are regulated by the Cyprus Securities and Exchange Commission (CySEC). XTrade is subject to strict regulatory oversight from its respective jurisdiction, which holds XTrade (the broker) accountable for misconduct. This regulatory framework helps ensure that XTrade operates fairly and transparently and provides XTrade customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and XTrade.
  • XTrade have regulation from reputable regulators.
  • One of the advantages of using XTrade is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from XTrade are particularly important as XTrade traders want to receive their money quickly. With the efficient XTrade payment processing system, traders can enjoy faster access to their XTrade funds.
  • XTrade have an international presence in multiple countries. Including local XTrade seminars and training.
  • XTrade can 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 such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

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.

After extensive research over several years, we have compiled a list of the most effective XTrade alternatives available today. If you are unsatisfied with XTrade or want to explore other options, we recommend checking out our carefully curated list of highly-rated XTrade alternatives. Follow the links below to learn more about these XTrade broker alternatives and choose the one that best suits your trading needs.

Related XTrade Vs Comparisons

Throughout our comprehensive XTrade review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing XTrade against other popular brokers in the industry, check out our XTrade Vs pages. Our team has compiled a series of detailed XTrade comparison articles, pitting the XTrade platform against some of the best-rated XTrade competitors in the market. Dive into our informative XTrade Vs pages below to find out how XTrade stacks up against other leading brokers.

XTrade review
XTRADE Frequently Asked Questions

Read our detailed XTrade FAQ Section updated for 2023.

Can I try XTrade?

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 depends on the XTrade Entity and the client's 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 have over 10,000 users. XTrade are considered reliable 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 bank's financial health and strength.Trading with XTrade is risky, and because the market is so volatile, losses could happen at any time.

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 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 20 years. XTrade offers clients Forex trading, and CFDs trading. All funds deposited to XTrade are held in segregated 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 allows Forex trading, and CFDs trading. XTrade is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker.

Is XTrade trustworthy broker?

XTrade is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to XTrade, money is in a segregated bank account that is separate from XTrade company's funds. As a regulated broker, XTrade cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by XTrade. Instead, your XTrade funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with XTrade. Also XTrade is regulated in its local jurisdictions including major financial regulators like 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 depending on the method but averages 1-5 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 not a market maker. A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller 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. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on XTrade trading platforms, you can follow the link provided below: Learn more about signing up with the XTrade trading platform here. This will provide useful information and insights into the various trading platforms offered by XTrade, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with XTrade?

Yes your money is safe with XTrade.

Overall, strict financial regulation is essential for ensuring that trading platforms like XTrade operate fairly, transparently, and responsibly, which ultimately benefits all XTrade stakeholders involved.

Trading platforms like XTrade must have strict financial regulation for several reasons:

  • Protecting XTrade Investors: Strict financial regulation ensures that investors who use the XTrade trading platform are protected against fraudulent or unethical behavior by the XTrade platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the XTrade platform.
  • Maintaining XTrade Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the XTrade trading platform. Regulatory procedures reduce the likelihood of the XTrade platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing XTrade Transparency: Regulations require trading platforms like XTrade to maintain detailed records and disclose XTrade client information. Financial regulatory requirements enhances transparency and helps to build trust between the XTrade platform and its investors.

XTrade is regulated by the Cyprus Securities and Exchange Commission (CySEC). When selecting a broker such as XTrade, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, XTrade ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like XTrade.

Is XTrade a con?

XTrade is regulated and well established, having been in business for over 20 years. XTrade is 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 vary on payment method.XTrade does charge a fee for inactive accounts. XTrade do 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, 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 guaranteed 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 options available with XTrade can be found in the XTrade Members area and depend on the XTrade clientโ€™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 editors, 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 of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, 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