Xtrade is currently leading the foreign exchange market along with other brands of great prestige internationally, this Broker is of the Market Maker type in which all financial transactions are made on the platform itself, which means that this entity creates an internal market for its customers to make all the transactions they require. Xtrade is regulated by CySEC of Cyprus with license number 108/10 and is also authorized by ASIC of Australia with license 343628.
The main offices of this platform are located in Cyprus and has branches around the world including offices in South America, specifically in Uruguay, although it began its financial operations in 2014 has earned the trust of thousands of Traders around the world for the security offered by its page when making investments and beyond that has had a great popularity because almost all the criticisms are positive.
It should be noted that being a Broker regulated by a body as recognized and competent as CySEC Cyprus can be certain that the funds deposited will be safe and have no risk that third parties may steal them, since all movements made by the platform are completely transparent.
Xtrade offers each and every one of its clients fixed spreads on all trades they execute in the market and Trader is not charged commissions for the financial instruments he uses to trade because 100% of the platform’s profits are derived from the spreads on the buy and sell prices of the financial instruments. In short, the Xtrade Broker is an excellent option to trade Forex and you still don’t know the best part…
This is that your welcome bonus is $6,000 maximum to trade on your platform which allows people to earn a higher income to trade, but also the risk of capital loss is present so you must be cautious when trading as with any other investment platform.
The Xtrade Broker allows its clients to have a variable leverage level of 1:400 maximum and 1:30 maximum for residents of European Union countries by the measure adopted by the ESMA in mid 2018, like other financial institutions this Broker offers good leverage to invest in Forex, has technical support available Monday through Friday 24 hours a day and operators are very friendly and provide adequate attention.
This Broker offers a demo account with a fictitious balance of $5,000 enough for an inexperienced trader to start trading Forex and if you want to proceed to open a real account the minimum deposit is only $100 to start trading.
Contenidos del post:
- Xtrade Account Types
- Demo Account
- Live Account
- Xtrade Investment Platforms
- Applications for Android, Apple and Tablets Smartphones
- How to open a real account in Xtrade?
- Xtrade bonuses and promotions (Bonuses are not available for residents of EU countries)
- First Deposit Bonus
- Bonuses for verifying account and phone number
- First Transaction Bonus
- Become a Professional Forex Trader with Xtrade
- Xtrade Conclusions
Xtrade Account Types
This platform currently only offers two types of accounts for its clients, although it seems little is more than enough to trade Forex, such accounts are:
The demo account is specially designed for all those novice traders who want to start making their first investments in Forex with a virtual balance of 5,000 US dollars, with the demo account you can access all the investment instruments and start to know the market.
This other account is the only one that offers Xtrade to trade Forex with real money, although it seems little as I said before it is more than enough and with it all investors can access the market from Monday to Friday during 24 hours to invest. All the operators have the possibility to become VIP Traders with this company and to enjoy additional benefits, obviously for it some requirements are required that previously you must verify in its page, between the benefits of being a VIP Trader are had:
- Personal account management.
- Training sessions for novices and professionals.
- Discounts on spreads.
- Exclusive promotions and bonuses.
- Special financial conditions to operate.
- Exclusive gifts for VIP operators.
Additionally, all customers who have a live account can apply for an Xtrade Prepaid MasterCard debit card with which you can have immediate access to all your funds to use them as you want, either to make immediate payments at merchants that accept MasterCard or withdraw cash available in the trading account by ATMs.
Xtrade Investment Platforms
This Broker offers very good and interactive investment platforms to encourage people to trade with confidence and security bearing in mind at all times the risks that exist in investments, but those platforms are:
This is a very popular platform to trade Forex and CFDs, it offers all the necessary tools for traders to make their investments with confidence and the market charts are kept up to date at all times without any delay. Other Brokers allow downloading WebTrader but in the case of Xtrade the trading platform is completely online and requires no download or installation, as everything runs through any browser. With Xtrade’s WebTrader you can easily access the best market analysis in real time allowing you to execute orders and trades as fast as a simple click.
Applications for Android, Apple and Tablets Smartphones
Xtrade offers intuitive applications available in Google Play for Android and App Store for Apple, through the platforms for mobile devices and tablets you have full functionality as happens with WebTrader, also have real-time market charts and full analysis to trade Forex from anywhere through. Additionally, the applications have alerts and screen notifications to keep Traders informed of the most important events at all times, as long as a good Internet connection is available.
How to open a real account in Xtrade?
The process to open a real account in Xtrade is extremely simple, simply you must enter in the Broker, then you must fill a small personal form that asks you for the platform, once you do you will receive an email to activate your account, once you do you can enter it and you must proceed to verify it by sending your passport or ID scanned by both parties along with an invoice or bank statement where your name is along with your home address.
Once the account is verified you must proceed to make your first deposit, remember that the minimum deposit is $100 to start trading with Xtrade, the deposit to your account can be made by Neteller, Skrill, PayPal, International Transfer, Webmoney, CashU, money mail, debit card or credit. Remember that this Broker offers a bonus of up to 6,000 dollars to start trading and everything will depend on the amount of money you deposit the first time.
Xtrade bonuses and promotions (Bonuses are not available for residents of EU countries)
Xtrade offers various bonus systems and promotions for people who want to trade from their Forex platform, access to bonuses is very easy just follow a series of very simple steps, but these bonuses are:
First Deposit Bonus
This bonus is the most attractive of all because the maximum amount of it is 6,000 dollars depending on the amount of money that the person deposits the first time, it is advisable for traders to take advantage of this bonus to the maximum. It is easy to understand how it works depending on the amount of money in the first deposit.
The bonus percentage varies between 20% and 60% as follows:
Bonuses for verifying account and phone number
The bonus for verifying the phone number is 25 USD and for verifying the account is 30 USD, that is, between both bonuses you get 55 dollars completely free for two simple steps, may sound little, but from granite to granite is adding a good capital to invest.
First Transaction Bonus
This bonus can be used as a wildcard after the first operation with the platform, that is to say, if on having made the first investment this yields lost the Broker reimburses a maximum of 120 dollars as if it were a bonus, in case of being successful the balance is credited to the account, but the bonus for the first operation would remain deactivated because this wildcard is only for the first operation in the market.
It should be noted that all the above mentioned bonuses are money that the Broker grants as trading capital and are not withdrawable, what can be withdrawn are the profits that are obtained by using them but not more from there, as happens with the bonus without deposit of InstaForex, which serves as capital to operate in Forex but is not withdrawable and of course each and every one of these profits are subject to the terms and conditions of the Broker.
The Xtrade Prepaid MasterCard and become VIP according to the platform count as promotions, but previously mentioned, however it is convenient that you take this into account and also become a VIP Trader has additional benefits and special promotions.
Become a Professional Forex Trader with Xtrade
With Xtrade you can not only trade in the market, you can also train as a professional Trader with the courses and trainings offered by expert Forex and CFD professionals; Xtrade makes available a large amount of informative and practical material about the market so that even the most inexperienced Forex person becomes a professional Trader and understands the market perfectly.
Xtrade offers downloadable ebooks, educational videos, web seminars and online courses for people to learn to trade Forex, simply create an account in Xtrade in order to access its academy and train as an expert Forex Trader, you must bear in mind that whether or not you are a professional Trader equally this material is important, because as such an investor never stops studying to be able to estimate future movements of financial assets.
Xtrade is an excellent Broker to make investments in Forex and as such is an excellent platform to trade in the currency market, something that makes this financial institution stand out from the rest is that it has its own academy to train people and turn them into professional traders.
This Broker offers an excellent level of leverage to operate in the foreign exchange market, but it should be kept in mind that the higher the leverage the higher the risk of total or partial loss of the invested capital, so before leveraging your orders first make your calculations well and remember that the market is volatile, so only risk the capital that you are willing to lose.
Although Xtrade only offers an account to trade with money it is still an excellent Broker because the fact that there are many accounts is not synonymous with quality and the best example is this Broker that with only one account offers its clients even premium services and the highest security for the investment funds of the same, so if you plan to trade Forex Xtrade is an option that you should keep in mind.