Xtrade Information

Xtrade is an experienced online broker specializing in helping investors build diversified investment portfolios. Through Xtrade, investors can access multiple markets including CFDs, Indices, Commodities, Shares, Forex, ETFs, Bonds, and moreon the Xtradetrading platform. Xtrade also provides demo accounts and 4 live accounts with leverage starting from 1:400 on Forex, and this broker says it offers 24/7 customer support. However, Xtrade still has risks due to some comments about its high trading spread.

Pros and Cons

Is Xtrade Legit?

It is relatively safe for investors to conduct financial activities in regulated entities. The regulatory information of this broker is as follows:

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
	FSC	Xtrade International Ltd.	Common Financial Service License	IFSC/60/383/TS/15	Exceeded
	ASIC	Xtrade International Ltd	Market Making(MM)	343628	Revoked
	CYSEC	Merba Limited	Market Making(MM)	108/10	Suspicious Clone

What Can I Trade on Xtrade?

Traders can choose different investment directions because the broker provides traders with access toForex, CFDs, Indices, Commodities, Shares, ETFs, Bonds, and more.

Account Type

Xtrade offers four account types. Traders who own more deposits can choose a VIP account, while those with a small budget can open a Standard account. If you are in between, you can choose the Premium account or the Platinum account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.

Xtrade Fees

The spread is from 2 pips. The spread is more than 1pips, which is relatively high and the liquidity is relatively poor.

Leverage

The maximum leverage is 1:400 meaning that profits and losses are magnified as well as gains.

Trading Platform

Xtrade provides a Proprietary platform available for web, mobile, and print versions. Traders can choose the method that suits them to access and conduct trading-related activities.

Deposit and Withdrawal

The minimum amount to deposit is 250 USD. Xtrade accepts credit/debit cards, bank transfers, American Express, and more options for deposits and withdrawals.

Withdrawal requests take up to five business days to process. Third-party withdrawal payment methods (i.e. credit card company, wire transfer bank, or intermediary bank delays) In extreme cases, delays of 3 weeks

Bonus

Xtrade offers a first deposit bonus of up to $5000, a 100% bonus.

One Financial Markets Information

One Financial Markets is an online broker that offers CFD (Contract for Difference) trading in forex, stocks, indices, commodities, and cryptocurrencies. The company provides Standard and Professional accounts with leverage up to 1:30 and 1:400, respectively. Trading is conducted via the MT4/MT5 platforms. Spreads are as low as 1 pip (for EUR/USD). The firm also offers demo accounts and 24/7 customer support.

Pros and Cons

Is One Financial Markets Legit?

All regulations of One Financial Markets are in a cloned state, and the cloned regulatory licenses involve the FCA, SFC, DFSA, and FSCA.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
	FCA	Axi Financial Services (UK) Limited	Market Maker (MM)	466201	Suspicious Clone
	SFC	One Financial Markets Asia Limited	Leveraged foreign exchange trading	BFZ621	Suspicious Clone
	DFSA	One Financial Markets (DIFC) Limited	Retail Forex License	F003943	Suspicious Clone
	FSCA	Financial Service Corporate	AXI FINANCIAL SERVICES (UK) LTD	45784	Suspicious Clone

What Can I Trade on One Financial Markets?

One Financial Markets offers various market instruments, including Forex, Bullion, Indices, Commodities, Energy, Cryptocurrencies, and Shares.

Account Type

One Financial Markets offers standard and professional accounts with different account opening thresholds. Additionally, the broker claims that the Standard account provides negative balance protection.

One Financial Markets Fees

One Financial Markets offers an average spread of 1.2 pips and a typical spread of 1 pip (EUR/USD).

Leverage

The Standard Account of One Financial Markets offers a maximum leverage of 1:30, while the Professional Account provides a leverage as high as 1:400.

Trading Platform

One Financial Markets provides online foreign exchange trading through the ONE | MT4 and ONE | MT5 platforms. Traders can trade all asset classes on a single platform, which can be downloaded to their desktops or accessed anytime, anywhere via applications compatible with iPhone, iPad, and Android. The ONE | MT4 platform also supports web-based operations.

Deposit and Withdrawal