Company Profile
Note: XTradings' official website - https://www.itraders24.com/ is currently inaccessible normal.
| XTradings Review Summary | |
| Founded | 2022 |
| Registered Country/Region | Vanuatu |
| Regulation | Unregulated |
| Market Instruments | Forex, Indices, Stocks, Commodities |
| Demo Account | ✅ |
| Leverage | Up to 1:200 |
| EUR/USD Spread | From 1 pip |
| Trading Platform | Meta Trader 4, Web Trader, Tablet Trader, Mobile Trader |
| Min Deposit | / |
| Customer Support | Tel: +44 203 0973266 |
| Email: Support@iTraders24.com | |
| Company Address: 150 Minories, London EC3N 1LS, UK | |
Founded in 2022, XTradings is a forex and CFD broker registered in Vanuatu, offering trading in Forex, Indices, Stocks, and Commodities with leverage up to 1:200 via the MetaTrader4, Web Trader, Tablet Trader, and Mobile Trader platforms.
Pros and Cons
| Pros | Cons |
| Diverse tradable asset classes | New to the market |
| Demo accounts | Lack of regulation |
| MT4 supported | Dormant fee charged |
| Popular payment options | Charge withdrawal fees |
| Unclear minimum deposit |
Is XTradings Legit?
No, Xtradings has not been regulated by any notable authorities, which indicates that it carries higher risks.
What Can I Trade on XTradings?
| Trading Asset | Available |
| forex | ✔ |
| commodities | ✔ |
| indices | ✔ |
| stocks | ✔ |
| cryptocurrencies | ❌ |
| bonds | ❌ |
| options | ❌ |
| ETFs | ❌ |
Account Type
Apart from demo accounts, XTradings claims to offer three types of live trading accounts: Basic, Advanced, and Premium. However, information about the minimum deposit of these accounts is not provided.
Leverage
The maximum leverage offered by XTradings is up to 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can work both in your favour and against you.
Spread
The spreads available at XTradings are uncompetitive. On the MT4 Web Trader, the EUR/USD spread is 1 pip, while on the MT4 Desktop, it is much higher - 3 pips. By contrast, the industry average EUR/USD spread is just 1.5 pips.
Fees
XTradings also charges a dormant fee of $60. If the trading account is inactive for 30 days or more.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Web Trader | ✔ | Web | / |
| Tablet Trader | ✔ | Tablet | / |
| Mobile Trader | ✔ | Mobile | / |
| MT4 | ✔ | Desktop, Mobile, Web | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
XTradings accepts deposit and withdrawal methods including e-wallets, credit cards, bank transfers and wire transfers.Also, the broker will charge some unspecified withdrawal fee.
