Another large and recognizable name in the finance industry is XTrade. This comprehensive and able brokerage firm continuously provides authentic and reliable service to its numerous clients in the various regions of the world. Discover the features and many offers of this trusted organization in this comprehensive review.
XTrade: An Introduction
XTrade was established in the year 2010 and currently holds their headquarters in Limassol, Cyprus. They have five remote offices worldwide. It currently is licensed by the Cyprus Securities and Exchanges Commission (CySEC) and is recognized and regulated by other organizations within the European Union. This growing company has five offices and supports hundreds of traders in almost 140 countries. They accept traders around the world, except for those that are located in the United States of America.
XTrade: Platform and Trading Options
XTrade has its own very unique and proprietary platform to assist their clients in their transaction needs. This particular platform can be used in a browser or as a mobile app, similar to other broker firms like FXCM and Plus500. The platform guarantees a friendly user experience for traders. It has a one click access to the user’s assets and asset options, current open positions, historical record and data and the various tools one needs to trade. Everything is secured by the latest servers, so everyone is ensured that their personal information and trading history remains private.
In terms of accounts, XTrade offers two types. One is a standard account that has a minimum deposit of 100 dollars. This has no commissions for deposits and the leverage is usually up to 1:400. There is also a premium account that was designed for expert traders. The minimum deposit for this one is 1000 dollars. This is uniquely customizable, something that the likes of FXCM and Plus500 doesn’t offer. There’s also a free demo account that can be used should users want to familiarize themselves first.
Finally, as for trading options, XTrade boasts of a large collection. Users have more than 100 asset choices, which includes 51 currency pairs, 12 indices, 74 stocks and thirteen different commodities.
XTrade: Unique Advantages
On top of the comprehensive suite of options available for clients, XTrade also offers several advantages that make it appealing for hundreds of traders. First, traders are guaranteed efficiency for deposits and withdrawals. Users can choose to use wire transfer, payment alternatives, e-wallets, debit cards and credit cards. They also ensure security and protection with each deposit. All of the money are segregated and are protected by the Investor Compensation Fund in Cyprus.
Second, the spreads and leverages available is rather attractive. Average leverage is 400:1 for currency pairs, 20:1 for stocks and 200:1 for commodities.
Finally, there’s consistent customer support, which is a great boon for amateurs. There are customer support employees available 24 hours a day and they can be contacted through the site’s live chat feature, the phone lines and email. There are also account managers that not only addresses inquiries and concerns, but provide useful knowledge that beginners can use in their first few transactions. Their commitment to their client show in their service.
With all of the advantages and benefits that Xtrade provide, it’s in competition as one of the best brokers in the planet. For beginner’s, it is adamant that they explore what Xtrade can do for their careers in the finance industry.