Xtrade bitcoin review
Theres a lot of fake reviews under me which skew the results - but from my experience they've been nothing short of excellent. The platform may be a bit clunky at times but I have made some really good returns through the general advice and education the Senior account manager gave me. Oct 11, · XTRADE Review: our Conclusion! XTRADE is an unregulated broker to avoid at all cost. If you have been scammed, check out our ChargeBack process here or get a Free Consultation by a team of expert by clicking here. XTRADE Scam Review I am just sick of hearing from bitcoin. They c n stop calling me after all they got my money now and i wish. Jun 17, · In terms of services, XTrade offers leverage on over CFD’s, 51 currency pairs in addition to Bitcoin, 74 Stocks, 12 Indices to choose from and 13 commodities. They have the lowest minimum deposit in town at $ USD (or $1 USD according to some clients) and they do not charge commissions or hidden fees.
Xtrade bitcoin reviewXTrade Review by BrokerTrending Experts - Pros & Cons
Using third-party withdrawal payment methods can cause expenses. Processing time, on an average, is 1 to 5 working days which is just about the industry average. Xtrade withdrawal fees may be nil, but that's not the only advantage. Xtrade offers nearly forty payment methods for funding the account, USD being the minimum amount required. All of which makes buying bitcoin and other cryptocurrencies relatively easy for a newbie to the market. Withdrawals follow the same route as deposits and as long as AML documents are in place, withdrawals are easy.
The customer support is available only for the entire trading period, and not non-working hours. Traders can, however, contact the customer support 24 hours in a day for those 5 working days.
Whether you want to opt for live chat, direct phone or email, there are plenty of options. Education is prioritised by this broker which offers tutorials and courses as part of the Xtrade Academy.
The Xtrade app is also helpful, though the Xtrade trading platform is severely limited. The Xtrade mobile trader has only one choice: this brokers proprietary platform. While the representatives for customer support speak a total of 6 languages and the website supports over 16 languages.
Account managers can address queries and guide traders through trading education, system familiarisation and set up. The website even explains tools like spread, leverage and the importance of risk management.
Fixed spreads are a unique feature of this trading platform. Xtrade offers the advantage in the sense that traders know what fees will be charged from day one. Additionally, there are zero commissions. At Xtrade, fixed spreads are extremely on the high side. For the standard account which is the obvious choice for novices, it is pegged at 4 pips. In comparison, a large margin can result, which is something that must not be thoughtless of or underestimated.
For those who can afford it, a premium account, therefore, makes sense. A standard account is available with only a deposit amounting to Euros, and a bonus is added of an equal amount for every successful referral. But this account offers very low equity for trading. Only when the trader makes a deposit of Euros or above is the premium account accessed where trading is at 2 pips only. Additionally, traders can choose between majors and minor pairs and even exotic currency pairs.
This platform offers traders the choicest shares, indices, and commodities as well. But then there are also many pitfalls. One such is the proprietary Xtrade trading platform. Xtrade does not offer any other platform apart from its own. Traders cannot access MT4 or other robust platforms at Xtrade. The broker offers the market fixed spreads between the buy and sell prices and no commissions. The contract value of one Commodity CFD equals the price quoted in the currency of the commodity.
To see the Spread value for each product please refer to the table below that gives you a reference on a price model, however, check the most accurate data on the official Xtrade website or platform.
However, the trader will have a better price offering from the XTrade broker as long as account size or type increases. Keeping a position open after a specific hour approximately GMT , subject trader to an Xtrade funding premium fee or overnight fee that is subtracted from the trading account.
This premium covers the cost of the associated funding and varies from the asset for another, e. The available methods include the following ones, so you can choose the most convenient one for you.
Also, Xtrade occasionally runs promotions offering lower deposit threshold minimums. Always note, that withdrawal shall be processed via the same method that the deposit was made. If you deposit via credit card, any withdrawal amounts will be returned to that credit card. Likewise, if a deposit is made via bank transfer, the withdrawals will be transferred back to your bank account. The Xtrader platform range offers mainly an online-based proprietary software, as well as to stay trading with an industry leader MetaTrader4.
However, the proprietary platform gained numerous rewards , from both industry professionals and the traders, thus you may try and then never leave XTrade platform. The platform does not require installation and offers a rich set of trading tools for optimal trading, as well enriched with market analysis and fast execution of orders. In order to never miss an opportunity, Xtrade developed a powerful mobile platform that is available on iOS, Android and Windows. The mobile platform is a customer-friendly and supported by alerts and professional charting tools.
Overall, as a trader you will get access to real-time charting and almost all possible manipulations in the web platform or its applications, which is fully intuitive and easy to understand or perform even to the newbies, not considering professionals that will find the full capacity of very powerful features.
XTrade provides also multiple support that increases the trading experience and makes it a smooth process. As XTrade is a CFD broker, it does not have to pass customer orders to the real market, because all books are maintained internally. Hence, they do not offer traditional trading software like other Forex brokers.
Instead, this broker has developed its own proprietary trading platform, which customers can access from any regular modern browser and from their smartphone. They provide trading shares of major companies and Indices. N addition to the equities, They also allow its customers to trade major commodities like Gold and Silver. However, the largest collection of trading instruments offered by them is the Forex currency pairs.
During our research for this review, we found that their customers can also trade virtual cryptocurrencies like the Bitcoin on its platform. All fees are charged as spreads, which happens to be fixed and ranges between pips.
Although, we are sure that it comes down to 2 pips during regular trading hours, which is Sunday 9 p. They offer basic online educational tools including video tutorials, forex courses and an economic calendar. They offer several popular channels of communication to its customers, including, live chat, email, or telephone.
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