Learn About Xtrade Leading CFDs Provider & Trading Platform

With competitors like Binance, Bybit, and Coinbase having avoided such breaches, it is challenging to strongly recommend BingX, given this significant security lapse. This is a high-risk investment and you should not expect to be protected if something goes wrong. EToro is an excellent choice for social copy trading and crypto trading (and earned first place ranking for both categories in our 2024 Annual Awards).

One account choice for real money as well as a free demo account

Whether you choose to trade in the comfort of your own home, or while sat at your local coffee bar making use of your mobile device, Xtrade can make it happen. There is the ever popular MT4 Webtrader platform, along with Xtrade mobile, for both Android and iOS devices. Whichever platform you choose there are a number of inbuilt tools, including an economic calendar, trading indicators, as well as a news stream service. Tons of reviews confirm that the Xtrade platform is the one traders can trade on and earn good dough. Well, it depends on them, of course, because the broker doesn’t earn money for traders, they do it on their own. Nevertheless all trading conditions are cool out here, platform is a time-proven and web-based one so there are tons of positvie things about it.

Research Tools Xtrade

1. It requires a minimum deposit of $50,000 and provides the most competitive trading conditions, with spreads starting from 2 pips on major Forex pairs like EUR/USD.
2. However, Xtrade is no longer licensed by CySEC (Cyprus) or ASIC (Australia), which are considered reputable regulatory authorities.
3. It has offices across five continents and clients from more than 140 countries.
4. I trade cryptos with a good leverage, sometimes get into trading US and EU stocks.

And if you stick with them for at least 7 days there is an exclusive offer of 77% bonuses on all subsequent deposits. Buy and Sell prices of all the instruments available are helpfully displayed on the main content page of the Xtrade online trading platform. When entering an order to Buy, our powerful trading platform enables you to add a Stop Loss or Profit Limit to protect your risk exposure. We found the experience very friendly, and the site was definitely user-friendly and informative. Everything was very clearly explained, which is of course going to be a great benefit for beginners. Try it out for yourself by first opening a demo account, before risking real money on your trading adventure.

However, every trader should remember that leverage can work both for you as well as against you, so you should be cautious when using it and learn more about how to use the tool smartly. However, Xtrade is no longer licensed by CySEC (Cyprus) or ASIC (Australia), which are considered reputable regulatory authorities. This shift may raise concerns for traders looking for more stringent regulatory oversight. Sample Sample forex charts are available on the internet for uploading for your personal training.

Deposit Fees

This may be a downside for traders who prefer commission-based pricing for greater cost transparency, as seen with other brokers like FXTM, which combines low spreads https://traderoom.info/xtrade-forex-broker-overview/ with a clear commission structure. BingX’s trading interface follows the standard design of most crypto exchanges, maintaining a consistent layout for both spot and derivatives trading. This consistency ensures an easy transition between different markets and trading instruments. TradingView integration offers advanced technical indicators and drawing tools, supporting in-depth analysis for experienced traders while also helping new traders.

The broker provides access to the most popular cryptocurrencies, including Bitcoin, Bitcoin Cash, Litecoin, Dash, Ethereum, Ripple, and many other digital coins. However, the availability of specific instruments may depend on your account type and the regulatory entity governing your account. Additionally, there are some limitations in product offering as some other brokers provide a bigger range of instruments, and support is not available 24/7. Xtrade is an international CFD broker that offers trading services in Forex, stocks, commodities, and cryptocurrencies. According to its regulatory filings with the FSC, Xtrade is headquartered in Belize City, Belize.

For traders who prefer mobile or tablet devices, Xtrade provides dedicated apps for iOS and Android, allowing them to access their accounts and trade on the go. These apps offer full functionality, ensuring that traders can monitor positions, execute trades, and manage their portfolios from anywhere. Xtrade does not offer third-party platforms like MetaTrader, focusing solely on its proprietary solutions for desktop, mobile, and tablet trading.

1. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
2. As the market dropped, my stop-loss triggered right at the specified price, selling all my LTC and effectively minimizing losses.
3. We would recommend trying out the Xtrade demo account trading to get yourself familiar with the broker’s platform and trading products.
4. With over 850 tradable cryptocurrencies and more than 270 derivatives markets, BingX provides a diverse array of trading options, from large-cap to niche tokens.
5. Higher-tier accounts generally offer more favorable spreads, making them more attractive to active traders or those dealing with larger volumes.

EToro’s Learning Academy offers a great balance of educational content including videos, articles, webinars. Overall, eToro has made significant progress in this category, and the addition of new courses and content on the eToro Academy helped eToro earn Best in Class honors for Education in our 2024 Annual Awards. Practicing on the demo account made me realize how réliable the platform works.

However, this is a smaller selection of sign-up options compared to exchanges like Bitget that support Apple, Telegram, and even wallet-based sign-ins like MetaMask. BingX requires mandatory KYC, offering two levels of verification to ensure compliance with global anti-money laundering (AML) regulations. However, despite these safety protocols, in September 2024, the exchange was compromised when hackers gained access to one of its hot wallets, resulting in over $45 million in stolen tokens. BingX quickly responded by briefly freezing withdrawals, and all customer losses were promptly reimbursed using the exchange’s own reserves, allowing it to continue operations smoothly.

Xtrade is recognized for its reliability in providing stable trading conditions, supported by its user-friendly trading platform, a wide variety of instruments, and fixed spreads with no hidden fees. Many traders appreciate the broker’s transparency and the availability of educational resources and demo accounts, which cater to a diverse range of trading strategies. Positive reviews often highlight Xtrade’s ease of use, competitive trading costs, and customer support as key strengths.