Company Profile
Company Profile
Review summary
| XtradeReview Summary | |
| Founded | 2022-07-18 |
| Registered Country/Region | Belize |
| Regulation | Exceeded(FSC)/Revoked(ASIC)/Suspicious Clone(CYSEC) |
| Market Instruments | CFDs, Indices, Commodities, Shares, Forex, ETFs, Bonds, and more |
| Demo Account | ✅ |
| Leverage | Up to 1:400 |
| Spread | From 2 pips |
| Trading Platform | Xtrade(Web/Mobile/Tablet) |
| Min Deposit | $250(Standard account: $200) |
| Customer Support（24/7） | Email: info@xtrade-dm.net/support@xtrade-dm.net |
| Tel: +852 58080622 | |
| Fax: +61(2)99292055(Australia)/+44(0)2081049401(UK) | |
| Social Media: Facebook, Twitter, LinkedIn, Instagram, YouTube | |
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
| Pros | Cons |
| Leverage up to 1:400 | Exceeded(FSC)/Revoked(ASIC)/Suspicious Clone(CYSEC) |
| Demo account available | Some negative Comments |
| 24/7 customer support | Spreads from 2 pips |
| Various tradable instruments | MT4/MT5 available |
| accessible office website | |
| First deposit bonus up to $5000 |
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.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Shares | ✔ |
| ETFs | ✔ |
| Bonds | ✔ |
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.
| Account Type | Standard | Premium | Platinum | Vip |
| Minimum Deposit | $200 | $1000 | $5000 | $25000 |
| Minimum spread(EURUSD) | 5 pips | 3 pips | 3 pips | 2 pips |
| Commission Free Deposits | ✔ | ✔ | ✔ | ✔ |
| Demo account | ✔ | ✔ | ✔ | ✔ |
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.
| Trading Platform | Supported | Available Devices | Suitable for |
| Xtrade APP | ✔ | Web, Mobile, Tablet | All traders |
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.
Buffett Munger星空
Hong Kong
This stipulation hasn’t been mentioned when I deposited fund. Actually, as long as I haven’t traded for months, the platform will charge $50 maintenance fee monthly. Take heed on it.
Exposure
FX1595789932
Taiwan
As long as you deposit fund, the customer service is positively. But when it comes to withdrawal, many process including letter and a file of information is asked for.
Exposure
FX1580758992
Taiwan
Luckily, I just deposited $210. This is a fraud platform
Exposure
FX4390687852
Germany
Past weeks were quite volatile, ngl, especially in the stock market!!!. So I ensured that my positions were quite uncorrelated and hedged...Good that Xtrade offers different assets, so that I could diversify.
Positive
LiuJian-Hao
Taiwan
As I mentioned in the title. For gold, the spread is very small, half the time I can't even see it on the user interface. When trading forex, the spread for major currency pairs is less than 0.2 pips. Other brokers have at least 1 pip, so this seems to be the lowest spread here. The only downside is that I haven't found a way to implement robot trading here. But for trading with my own hands, this is a great platform.
Neutral
SatoshiOkamoto
Japan
Leverage is not high, but I understand that for newer traders its risky, and the platform overall is catered to those who have enough money to be trading stocks or high lots in forex. If you want to just risk it all with 1000x leverage and 1000 yen, this is not the platform to do that with. They are more for stable traders, that log in almost every day and earn some small % profit. At least, thats what I think, after trading here for a few years now.
Neutral
TakumiTanaka
Japan
After using it for a while, I didn't quite understand it at first, but I have come to appreciate its goodness recently. It's simple and neat, but it has a unique look. Also, I thought it was good that when I inquired about something, I received a response in a few minutes. Since I don't have much time to devote to trading, I try to trade multiple stocks at once, which I think suits me. I only have one monitor, but I can display the necessary information on one screen. Also, it was too bright as it was, so I use it in night mode.
Positive
ChouPo-Liang
Taiwan
Trading here feels great, its trading interface is one of the best platforms for trading, and there are many stocks to choose from, so there are good trading opportunities almost every day. I just hope they don't have what I feel... some suspicious company stocks. You know what I mean, they even have a category like that. But I just don't trade those stocks, so I'm satisfied. I'm not emphasizing them here either. What do you think of my trading setup? I think it looks good.
Positive
DuusB
Denmark
I never work with dubious brokers, so of course after seeing how many licenses Xtrade has, I joined without a doubt. Well, the adaptation to their proprietary app was a daunting task. I got used to trading only on MT5 and trading here was something new for me. However, the user interface is much better and it was a real pleasure to perform technical analysis looking at modern charts. All orders always execute on time without delays, appreciate it.
Positive
PolloStroti
Italy
First time on the platform and I knew it was gonna be an easy ride, the navigation was easy and the interface design was very simple and easy to understand… The xtrade webtrader has also been easy to trade with; undertand the chartings better, made it quite nice[
Positive
TsukamotoRyuu
Japan
I used to be the type to stick to investing in only one type, but I'm glad I found a broker where I can choose from various assets. I particularly like trading currency pairs. Lately, I've been trading popular pairs like USD/JPY and USD/GBP. The spreads are low, and the trades are completed quickly.
Positive
MarcialDiaz
Spain
This platform has a mono account system that can be used accross various devices, i place trades without issues and setup was quick...The support have been helpful and professional but are available 24/5 would be nice to have them throughout the week;
Positive
ZhongYuan
Taiwan
The account operation is very smooth and seamless, and the tools, although advanced, are simple and easy to use. This account seems to be suitable for both experienced traders and beginners.
Positive
NaokiHayashi
Japan
Here you can trade various assets under favorable conditions. The fees are clear and easy to understand, and I feel reassured knowing that there are strict regulations in place. Withdrawals are also secure, with a variety of methods to choose from.
Positive
SamuelDixon
United Kingdom
Spreads are kind of different here. I trade only classic EUR/USD pair and conditions are okay. But, IDK, how often this happens…
Positive
Daiki_Hashimoto
Japan
- Easy to understand trading conditions - Wide range of account options - Fast execution speed - Customer support could be a little faster
Positive
Wei-HaoChen
Taiwan
I can't see any reason to trade with a broker that does not meet regulatory and licensing standards! Fortunately, trading here is very safe...
Positive
GustavBergström
Sweden
But it's fast really + smooth working.
Positive
FayyadWaqarBazzi
Saudi Arabia
I always pay attention to the broker’s regulations. Otherwise, I cannot trade with bigger sums. Glad that I don’t have to worry about the licenses. My trades are executed properly
Positive
EmericArnold
Germany
I think $100 min deposit is very good, many peoples like me can afford.
Positive
Goncalo Martins
Portugal
The transparency with the fee structure is one that really gets me and it’s also affordable for beginners like myself.
Positive
CooperM.
Ireland
Chatted with the support and they helped me to register easily!!
Positive
maxime morel
France
I enjoy switching from currency trading to other instruments and the platform helps me with making this choice easy. By the way, thank you to those who recommended me the broker
Positive