The Forex online market has been entertaining us for more than a decade now. Traders enjoy all the new inventions and technological advances that have shaped the market and made it accessible to every individual on the planet. The market is defined by two groups of brokers; those who see the Forex market a serious industry and act in the best interest of their clients, and those looking for an easy opportunity to empty the pockets of honest traders by luring them into business with lucrative offers which usually don’t pan out.
Therefore, the choice of the right broker is one of the most essential decision traders have to make if they want to have a real chance in the more than turbulent Forex market. XTrade is one of the brokers who has already proved that it stands for honesty and reliability. This XTrade review is supposed to give hope to all those traders who have lost hope of finding the right broker. XTrade takes care of its traders and makes sure their funds are safe at all times. Besides security, the broker offers an all-around service package which meets the needs of every trader group. Let us see what the broker has to offer.
The History of XTrade
XTrade is a Cypriot company which was established far back in 2003. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) which imposes very strict rules on the subjects of their regulation. Broker companies are, for example, required to keep the clients’ funds separate from their company’s operational funds, as well as submit records on the capital at disposal and individual transactions. A new law also requires brokers to insure their clients on additional 20,000 euros in case of insolvency.
In this way, CySEC keeps the market transparent and fair which fosters the trust of Forex traders in the industry which is one of the riskiest markets in the world. XTrade is a broker that provides you the ideal trading environment, yet the trading risk is part of the game, and no broker can guarantee you risk-free trading.
Trade on the Unique XTrade Platform
The XTrade Pro platform is an in-house designed platform of this broker who opted for an independent platform to offer a more customized approach to its traders. This broker has decade-long experience and knows the industry in and out, so their platform was built by true professionals who know what traders need.
The platform is as good as the award-winning MT4 offering all the sophisticated auto-trading options as well as basic Stop Loss and Take Profit options. The platform is user-friendly, and the options and features can be mastered very quickly.
Traders enjoy many one-click options, fast executions, and analytical tools which enhance their trading experience. A trading platform is the most important trading tool of traders, and it has to meet their needs since they are the ones who operate the platform every day. The platform becomes something very personal, just like a PC or mobile phone. Speaking of mobile phones, the XTrade mobile app is also available for Android, Windows, and iOS devices.
Choose an XTrade Account that Fits
To match the different levels of traders’ experiences and their different budgets, brokers usually provide different types of accounts with different options.
XTrade offers a Standard account with a minimum deposit requirement of $100. The account comes with tight spreads, 150+ tradable assets including CFDs, currencies, indices, and commodities. With a low minimum deposit, this account is very popular, especially with those who are just starting out.
XTrade Premium account is suitable for the more experienced and professionals who want to enjoy even tighter spreads, personal account management, etc. The minimum deposit for this account is $1000. This is also not much, since it is known that premium accounts at other brokers’ easily exceed $10,000.
We see that XTrade is not only safe, experienced, and professional, but also affordable to the wide masses. This broker is the living proof that the Forex broker industry is not reserved for the wealthy elite.
When it comes to creative promotions, the broker also offers a prepaid XTrade Card enabling immediate withdrawals at any ATM in the world. You can also win crazy trips, like a meeting with Ronaldo in Madrid. The broker is full of crazy and innovative ideas that can cheer up their customers from time to time.
Deposits and Withdrawals
The XTrade broker offers a wide range of banking options for their traders around the world. Besides wire transfer and credit cards, the broker accepts a variety of local payment methods and a series of e-wallets (Neteller, UnionPay, etc.). The broker does not charge any fees for deposits or withdrawals, and withdrawals are handled within one work day.
What to Expect from the Customer Support
As in every aspect of its business, XTrade also provides a professional customer support which is at the disposal of customers six days a week, 24 hours a day. The multilingual support staff is going to kindly help you solve any problem you might come across. You can reach them via e-mail, live chat or free phone line.