Last update: 23 July 2020
5 min read
Non-recommended broker
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Xtrade review

23 July 2020

This broker was not featured in our 2023 Broker Review Audit. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date.

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Let us interrupt your trading education, to remind you something – finding a decent Forex broker is also a must in your first preparation into getting into the financial world. Sometimes, even the most experienced trader might suffer from some losses or even scams, when he comes upon on a fraud that only seemed as a reliable broker. So, please concentrate on this task of yours and consider where you will direct yourself, when your Forex education ends up. To make you easier into all of these, we have decided to give you some hints as to what broker is secure and reliable. And with our XTrade review you will now meet one of them. Get ready for the presentation of XTrade broker now!

XTrade History and Company Overview

Introducing a broker without saying few words about its origin and main team is impossible to us. This information is essential as to understanding more about the broker`s reputation and experience. XTrade has by all means enough experience in the field, which is a proof that it has all the necessary facilities that a trader needs. The trading platform was established back in 2003 year. The company that owes XTrade is XTB Limits. Since its release online, XTrade broker has been supported by the regulation program made by CySEC – the Cyprus-based official controlling agency for all the financial services providers, including the trading systems. The regulation secures customer`s personal data protection, as well as all of the financial transactions that take place on the page. CySEC is also the official license provider for XTrade, which is a main condition for any broker to participate legally on financial trading market.

XTrade Customer Support Information

To make tranquil and confident any of its customers, XTrade has also established decent customer support services. You will need them in case you demand some more additional information about the website usage or you have an issue to solve. To make an inquiry or ask a question, contact XTrade customer support representatives via one of these communication methods: online live chat with immediate response, phone call or a message through an e-mail. Have in mind that the languages are multiple here, so you can speak to XTrade support team at Arabic, English, French, Russian, Spanish, Portuguese, German, Italian, Japanese and Turkish 24/7.

XTrade Trading Account Information

XTrade provides both – live and demo accounts. The demo account might be used before the live account as a test for the platform. Beginners in trading might also take the benefits of trading via the demo account, if they need more time to prepare themselves for the real money game. All you have to do to use the demo account is to make a registration via the website – without depositing your own funds – and then you will receive some amount of money to trade as a compliment by the broker. Have in mind that demo account is just a test and you do not either win, or lose anything with it. The live account should be opened in one of these currencies: USD, PLZ, EUR or GBP. The minimum first deposit amount at XTrade broker is $100 – good sum for beginners, too. To transfer your first or next invest, as well as to claim for a withdrawal in order to get your profits, use one of these payment methods: bank transfer that requires from 3 to 5 days, debit or credit card, as well as some of these payment methods: CashU, QIWI, Skrill (Moneybookers), UnionPay and WebMoney, which by the way, instantly deposit your money in your XTrade account.

XTrade Trading Features

XTrade provides variable spreads, but the most typical ones are between 0.3 and 0.6 pips. You are allowed to hedge and to use the trailing stop feature, as well as to have pending orders and automated trades. The margin call level is 30% and if you are up to some more advanced trading approach, try scalping, because XTrade has that option. Also, make trades with foreign currencies, indices and Bitcoin deals. It has an enormous learning centre for people with poor skills and knowledge in trading field.

XTrade – Trading Software

XTrade offers both – mobile and desktop trading. To go mobile, you can use the mobile version of the website, as well as to download the iOS or Android trading app. They are suitable for both – tablets and smartphones. The traditional desktop trading at XTrade website is supported by the most popular trading platform – MetaTader 4. It has an enormous abundance of features to enjoy, as well as very easy and intuitive interface.

ScreenshotsXTrade homepageOpen a new account at XTrade

XTrade Bonus System

Currently, XTrade provides the following awesome special promotions:

  • phone bonus that gets you $ 20 in case in case you verify your phone on XTrade account
  • welcome first deposit bonus – get up to $ 6000 depending on your first deposited investment, as well as a full training pack to learn even more Forex tricks for more profits
  • no deposit welcome account verification bonus – once you verify your XTrade account after the completion of the registration, you will receive up to $ 25.
  • September XTrade bonus gives you up to $ 5000 and 100% more additional bonus if you deposit at least $ 100 till the end of the month.
  • affiliate programs for more advanced traders on XTrade website

XTrade Pros

Check out now the biggest benefits of making your trades on XTrade website:

  • Reliability and safety + great reputation for the last 10 years
  • very interesting and generous bonus system
  • The best trading software and creative mobile apps
  • Big variety of assets and trading instruments

Discover the joy of making trades with no risk or fear for your money, while you are advancing in your Forex initiative with XTrade broker! It is easy and awesome and the registration is completely free of charge!

*Not valid for EU traders, T&C apply
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5 comments on “Xtrade Review”

  1. Bosun says:
    Country & city: Nigeria
    Rating: .....
    Many traders are fans of forex hedging strategies while so many top forex brokers do not allow trading style that involves hedging on their platform.This is due to certain governing rules and other factors to protect their selfish interests.The good news is that few best brokers are still compatible with hedging strategy. I am a trader who uses hedging most of the times I trade. I switched from my old broker and joined XTrade in 2014. I found that XTrade is highly friendly to hedgers and long term traders.
    • Ankur says:
      Country & city: Australia
      Cheaters ...bonus scheme is a scam... there is no way you can get bonus as you are required to trade more than 100 times to get bonus... hidden charges ...account managers with no knowledge.
  2. Sevuyile Mabali says:
    Country & city: South Africa
    Rating: .
    XTrade is no the best broker, instead they are a broker that encourages you to to deposit money every time you loose it and their representatives promises you training when but actually they train you with your money and they help you to loose it, their managers give out poor signals. One of their managers is Brian Powell if get that guy as a manager you in trouble.
  3. Mahi Maud says:
    Country & city: Australia, Perth
    Rating: .
    The worst broker ever. They called me again and again and made my minimum trade $100K per instrument. I end up loosing $956 dollars. Do not trust this broker. I am lodging misconduct against this broker.
  4. starray harbeeodun says:
    Country & city: united state
    Rating: .....
    wow!!! xtrade provide a very great and awesome service