Xtrade.com is a Forex and CFD brokerage firm with offices in five countries and clients across 140 countries. Xtrade was founded by a group of financial market professionals with a combined decades of experience in navigating the complex world of online trading.
Not sure this Forex broker can be trusted? No worries – Xtrade is licensed and regulated by a number of regulatory agencies, including: Cyprus Securities and Exchange Commission (CySEC) of Cyprus, the International Financial Services Commission of Belize, and the Australian Securities and Investments Commission.
Xtrade has one of the most diverse asset offerings in the Forex industry, with trading instruments including CFD shares, 47 indices, 27 commodities, 52 Forex pairs and even ETF’s for indices and commodities. Whatever your preferred trading instruments, you’re bound to find profitable trading opportunities in any market condition.
Trading CFD’s requires specific back office and software protocols, which is why Xtrade developed the highly renowned, award winning Xtrader Pro. The Xtrader Pro platform is web-based, is compatible with all major internet browsers, and comes with Android, Windows, iPhone and iPad apps for the best on-the-go trading experience. Like other professional trading platforms, Xtrader Pro is sleek, user-friendly, and comes with tons of customizable options.
Leverage and Fees
For trading Forex products, Xtrade offers leverage up to 400:1. Commodity traders will be pleased to know that they offer up to 200:1 leverage for commodity CFD’s. Trading major indexes like the S&P 500 or DAX 30? Get access to 200:1 leverage with zero commissions – just pay the spread! The margin required for buying and selling stock shares is 5%. Also, keep in mind that trades held overnight are subject to a premium, and be aware of the fact that Xtrade charges an inactivity fee of $5 for every three months of inactivity.
Pros and Cons
Here’s a quick list of the advantages and disadvantages that come with opening an account with Xtrade.com.
- Licensed and regulated by multiple agencies
- Offers over 150 trading instruments
- Cutting edge trading web-based trading platform
- $20 cash bonus for opening a new account
- Offers the ability to accumulate Xpoints
- Established Forex broker with over a decade of operating experience
- Does not accept US clients
- Charges $5 inactivity fee for every three months of inactivity