Xtrade

General Information & Regulation

Xtrade International Ltd (ex. Financial Arena Ltd), with registered address, 35 New Road, 2nd floor flat, Belize City, Belize, is authorised and regulated by the International Financial Services Commission in Belize, with License No. 000281/194 and provides financial services under companys scope of activity. Xtrade International Ltd client transactions are being processed by Reituca Marketing Ltd with registration no. HE231803 registered at Stasinou & Ag.Elenis 2, 1060 Nicosia. XTRADE.AU PTY LTD is authorized and regulated by the ASIC in Australia，with regulatory license number 343628.

Market Instruments

Xtrade provides investors with mainstream and tradable financial instruments in the global financial markets, including CFDs, indices, commodities, foreign exchange, stocks, ETFs, bonds, etc.

Account Types

Xtrade has set up four account types, namely Standard (minimum deposit of $250), Premium (minimum deposit of $1,000), Platinum (minimum deposit of $5,000), and VIP (minimum deposit of $20,000).

Leverage

The maximum leverage for Forex is 1:400 for major currency pairs, 1:250 for minor currency pairs, and 1:100 for low volume currency pairs. 1:50 to 1:200 for commodities, 1:50 to 1:300 for indices products, 1:10 for stocks, also 1:10 for bonds, and 1:10 to 1:50 for ETF products.

Xtrade Spreads & Commissions

Only spreads are charged when trading on this platform. Forex spreads for major currency pairs are 5 pips for EUR/USD and 1 pip for minor currency pairs. The spread for XAUUSD is 6 pips, for XAGUSD 3.6 pips, and for natural gas 3.4 pips. Index products have a spread of 6 pips for the Russell 2000 and 3 pips for the US 500. The minimum spread for bond products is 2.2 pips and for ETF products is 2.1 pips.

Trading Platforms

Xtrade's trading platform, Xtrade WebTrader, is a browser-based web platform that makes it easier for traders to browse the best market analysis available and execute trades and orders quickly and easily, with no downloads required. The mobile application features an intuitive multi-asset application that includes full functionality for all major technical indicators and a wide range of tools for real-time charting. In addition, a tablet trading application is supported, which features an advanced graphical interface for fast trading and deposit, full activity reports, intuitive navigation, and alert settings.

Deposit & Withdrawal

Xtrade welcomes several deposit and withdrawal methods, mainly credit/debit card deposits and bank transfers. The company does not charge users for accessing funds, but banks and transfer banks may charge related processing fees, which are the responsibility of the user. If the user opens a position, the full available amount cannot be withdrawn. The margin needs to be maintained at a minimum amount: (available margin - maintenance margin) + margin ≥ 1% = maximum withdrawal amount.

Withdrawals and deposits must be done via the same payment method and the broker does not accept third party withdrawals. It takes up to 5 business days to be processed.

There is no indication on what currencies can be used. Since the broker deals with many countries it would probably be the usual curencies such as AUD, USD, GBP, ZAR, and others.

Customer Support

XTrade provides also multiple support that increases the trading experience. Traders can reach out customer team through live chat, email or phone lines, also due to international coverage, there is multilingual support and centers that run 24/5.

Educational Resources

Traders are able to develop trading skills and strategies with professional trading tools, along with educational resources and daily market reviews, which makes it possible for beginners to join as well. In addition, there is an economic calendar, analysis tools and News feed inbuilt into the platform, daily analysis video and other education support essential for everyday trading.

Pros & Cons

Frequently Asked Questions

Which platforms are supported by Xtrade？

Xtrade provides its own Xtrade WebTrader in-house platform.

What spreads can I expect with Xtrade ？

With the Xtrade platform, spreads start from 2 pips.

What is the maximum trading leverage offered by Xtrade ？

The maximum trading leverage offered by XTrade is up to 1:400.

What is the overall rating for Xtrade ？

The overall rating for XTrade is 7.03/10 based on its License Index, Business Index, Risk Management Index, Software Index, as well as Regulatory Index.

Does Xtrade charge commission ？

No, Xtrade does not charge commission, only spreads are calculated.