Global Forex Broker Regulatory Inquiry APP


1.35 /10



2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Quantity 1


Time Machine


License Index 0.00
Business Index 5.79
Risk Management Index 0.00
Software Index 4.00
Regulatory Index 0.00
Time Machine


No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core



open now

Contact number


+852 58080622

Broker Information


Company Name

Xtrade international Ltd

Company Abbreviation


Platform registered country and region


Company website





Pyramid scheme complaint


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Warning: Low score, please stay away!
Previous Detection : 2023-06-08
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Xtrade · Company summary

General Information & Regulation

Established in 2015, Xtrade is a multi-asset broker which has its headquarters in Belize, as well as a second office in South Africa. The company behind Xtrade is Xtrade international Ltd, not subject to any regulation.

Market Instruments

Xtrade offers traders 56 currency pairs, 16 commodities, five bonds, and five ETFs. The bulk of assets consist of 280 equity CFDs, complemented by 13 index CFDs. The overall selection of 375 assets across six categories remains below average.

Minimum Deposit

Xtrade does not provide any information about its account type. It appears that the same option is available to all traders, from a minimum deposit of $250.


When it comes to trading leverage, the maximum trading leverage offered by Xtrade is up to 1:400. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Spreads & Commissions

The commission-free trading environment features unacceptably high fixed spreads of up to 5.0 pips on the EUR/USD. It equals a cost of $50 per 1.0 standard lot, making Xtrade one of the most expensive brokers in operation.

Inactivity Fees

Xtrade levies an excessive $50 monthly inactivity fee after three months and a $100 monthly dormant account maintenance fee after twelve months.

Trading Platform Available

The proprietary trading platform, Xtrade WebTrader, is the only one offered by Xtrade. It is also available as a mobile version.

Deposit & Withdrawal

The logos of a series of online payment processors exist on the website, but no further information is available.

Customer Service

Xtrade provides 24/5 customer service via phone, e-mail, and live chat. The FAQ section attempts to answer basic questions, and a glossary is also available. It also features a dedicated complaint resolution process, aiming to deliver exceptional customer service. While Xtrade does not provide response times, it does indicate an effort to assist its traders.


WikiFX Review: Is XTRADE a trustworthy broker?

NewsWikiFX Review: Is XTRADE a trustworthy broker?

2022-08-27 09:00

XTRADE is an online forex broker that has been newly established. Although this broker has experience of 1 to 2 years, WikiFX already received complaints against this broker. We wonder if this broker can be trusted. To better understand the truth, WikiFX has made a comprehensive review of this broker by analyzing the reliability of this broker from specific information, regulation, exposure, etc.

2022-08-27 09:00
WikiFX Review: Is XTRADE a trustworthy broker?
The Rand is bleeding as the dollar's stretch continues.

NewsThe Rand is bleeding as the dollar's stretch continues.

2022-05-29 12:00

The rand remains weak versus the dollar, which is strengthening due to fears about slowing global economic growth, increasing interest rates, and conflict threats, resulting in greater market volatility.

2022-05-29 12:00
The Rand is bleeding as the dollar's stretch continues.

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