General Information & Regulation
Established in 2016, XTrend is owned and operated by Rynat Trading Limited with a registered Office and correspondence address in Cyprus. Rynat Trading Ltd is registered as a Cyprus Investment Firm (CIF) with the registration number HE344135, currently authorized and regulated by the Cyprus Securities and Exchange Commission (registration no.303/16).
Currently, XTrend offers trading solely in currency pairs, silver and gold. So another minor disadvantage of XTrend is that its offers could have been broader in term of tradable assets.
XTrend Minimum Deposit
XTrend seems to offer a single standard account, with the minimum initial deposit of 50 USD, which sounds quite reasonable for most regular traders to have a try. Traders who want to open an accounts need fill the following form to register their general information.
Default leverage at XTrend is 1:30, but actually, clients of the broker are able to use generous leverage up to 1:500, which will suit even the most aggressive trading styles. Yet, investors should remind that trading on margin involves higher risk of loss.
Spreads & Commissions
Trading costs on all instruments at XTrend need to be calculated into sprreads and commissons. For example, the average spread on EURUSD is 0.2 pips, with a commission of 0.04 USD per 100 units; average spread on EURCAD around 1. 3 pips, with a commisson of 0.06 USD per 200 units. spread on XAUUSD around 0.07 pips, charging additional 0.4 USD per 1 units; spread on XAGUSD around 0.005 pips, with a commission of 0.4 USD per 50 units.
Trading with XTrend is done solely via mobile phones. The broker has developed its iOS and Android trading apps with traders in mind. However, lack for MT4 platform can still be a big drawback for this broker, because MT4 is preferred by most traders, beginners and professionals alike, because it provides perfect trading environment with great functionality.
Deposit & Withdrawal
The payments method traders are allowed to deposit and withdraw from their account are Visa, Mastercard, Paypal, Bank transfer, Neteller and skill. All methods come with a minimum amount of 50 USD and a maximum amount of 50,000 USD.