Introducing a Broker that has Chosen to Focus on CFD Trading – Read our XTrade Review
- Website: www.xtrade.com
- Support: +44 2030516305
- Office address:
- Xtrade Europe Ltd
- Vasileos Constantinou 140, 3080, Limassol
XTrade is another Forex broker with a lot to offer both new and seasoned Forex traders. And there will be plenty of you reading this XTrade Forex broker review who will be overjoyed to learn about some of the XTrade bonuses and offers (Not valid for EU traders, T&C apply). There is an XTrade first deposit bonus of up to $6,000, XTrade bonuses for phone and account verification, as well as up to$120 first trade on them. And if you stick with them for at least 7 days there is an exclusive offer of 77% bonuses on all subsequent deposits.
The background and history of Xtrade Forex broker
XTrade is a little different to the usual run of Forex brokers we get to write reviews on, in that it has chosen to focus much of its attention on CFD (Contract for Difference) trading. XTrade is owned by XFR Financial Ltd, which has its main office in Limassol, Cyprus. It is licensed and regulated by CySEC to offer Contracts for Difference, and is also one of the few companies that operates in compliance with the Markets in Financial Instruments Directive (MiFID). XTrade also has a branch in Italy, regulated by CONSOB, as well as being regulated in Australia by ASIC. A well-known name for all you football lovers was brought on board in 2016, when Cristiano Ronaldo became the official ambassador.
The XTrade trading platforms and additional tools
If you choose to trade with XTrade there is a trio of trading platforms available, including the popular MT4 trading platform, as well as a Webtrader platform and XTrade mobile platform for iOS, Android and Windows mobile devices. If you’re the kind of trader who prefers to trade on the move then XTrade won’t disappoint. As well as a selection of trading platforms there are also a number of interesting tools to aid in the trading experience such as technical indicators, news stream services and an economic calendar. There are a number of educational resources available to bring even the most inexperienced Forex trader up to speed with the way to trade successfully.
XTrade offers just two types of account
When you trade with XTrade there are two available accounts to use for trades with real and virtual money. The first is a Standard account with a minimum deposit of $100, so this is a great option for the beginner. But for those who would prefer to take things a little slower, there is the option to get in some practice with a demo account.
Promotions and XTrade bonuses for all
The Xtrade bonus for new investors is pretty unique though it is not valid for EU traders and T&C apply. There is a first deposit XTrade bonus of up to $6,000. For those making smaller deposits the bonus level is 20%, but it climbs up to 60% if a deposit of more than $5,000 can be made. There a few stipulations that need to be met, such as trading the required number of trader points (XPoints) before the bonus amount is added to your account, and the fact that the bonus expires 30 days after the deposit date if the number of XPoints was not reached. And when it comes to verifying your account there are awards there too with a $20 cash bonus for phone verification, and up to $120 cash bonus upon account verification.
There is an opportunity to be treated like a VIP also, with the benefit of personal account management, extra training sessions, discounts on spreads, valuable gifts, special financial terms, exciting bonuses and promotions along with valuable gifts.
Even the ambassador Cristiano Ronaldo gets in on the act with his own special offer of 77% bonuses on all deposits made in the first 7 days.
XTrade customer support is on hand 6 days a week
XTrade client support is available to assist, answer questions, and guide clients 24 hours a day, 6 days a week. There is a UK international phone number as well as a number of other worldwide phone numbers to call. There is also a fax option, and a number of different emails depending on the query. And a live chat option for more immediate answers. XTrade also has its own complaint resolution process for any disputes or complaints that need resolving.
Methods of payment for deposits and withdrawals
XTrade supports all the leading payment transfer methods for both deposits and withdrawals. These include Visa/ Mastercard, Bank transfer, ePay, EUTeller, Neteller, PaySafeCard, and a number of other country specific methods. Withdrawals are processed using the same method used for any deposit made. The minimum withdrawal is 150EUR, but this can vary depending on country. Funds can be deposited in USD, EUR, GBP, CAD, AUD, and a few other currencies. Before making a withdrawal a trader has to have their identity verified, and there is no minimum amount. XTrade makes no charge or fee on either withdrawals or deposits, but there may be a charge for overnight trades, and if an account has become inactive.
Let’s finish up this XTrade Forex broker review with a few reasons for choosing such a big name for your Forex trading.
- Exciting XTrade welcome bonus and additional promotions and offers
- Informative training academy provided for free
- Swift execution of orders
- Great XTrade mobile app
- Safety, reliability, and security
Take a look at the website of this experienced and reputable Forex broker and you’ll soon get a feel for the reasons it has become so popular.