- XTrade Review for 2020: Is It a Scam? Must Read!
- Xtrade Review 2020 | FX Australia
- XTrade Review - Forex Trading Australia
Instead, this broker has developed its own proprietary trading platform, which customers can access from any regular modern browser and from their smartphone.
XTrade Review for 2020: Is It a Scam? Must Read!
When reviewing and comparing CFD and Forex brokers it is important to check that they are actually licensed to operate. The reason to trade with a licensed broker is that in the event that the broker becomes insolvent, your money is protected.
Xtrade Review 2020 | FX Australia
If regulation is most important, the second most important thing are commissions and fees. In trading with CFDs, the best brokers do not charge any commission for each operation, but instead use Spreads. The operation of these spreads is as follows: each time we buy or sell a CFD on a certain underlying (for example, oil, or shares of Telefónica or Facebook) the price of opening and closing a position is different. This differential is called the spread, and it is the existing cost to be negotiated. Therefore, we have to look for a broker whose spreads are as low as possible.
XTrade Review - Forex Trading Australia
To end this review we want to create a list showing the positive aspects of XTrade, and factors we believe should improve, but let 8767 s be honest, no broker is perfect.
Demos are very useful tools for beginners because they offer you the option of carrying out as many operations as you want and verify in first person the functioning of the financial markets around the world, as well as to negotiate with all available assets, be it stocks, currencies, raw materials or stock indexes. Thanks to this, if you are a beginner, or if you already trade with CFDs, but want to try new strategies, you can use the demo to avoid taking risks.
If you don’t want to open up a regular account, you still have the option to only activate a demo account. However, the demo account that is opened alongside the regular account doesn’t have an expiration date.
The first step in a review is to always analyze the regulation of the broker regulation. Why? It tells us whether it is a secure and reliable broker. Even though being regulated is not a 655% security certificate, it is a clear sign that they take things seriously and that they are not a scam.
Forex, binary options and other forms of trading is risky. Don 8767 t invest money you can 8767 t afford losing. Also, you do not own or have any rights to the underlying assets. Fully understand the risks involved, and seek independent advice if necessary.
Since CFDs are such a different trading instrument, XTrade developed its own version of WebTrader to support their online transactions. No downloads are required, and they also support a number of mobile apps for traders on the go. The firm is headquartered in Cyprus and derives its licensing and authority to operate from CySEC. With XTrade, your deposits are segregated from operating capital and protected further, up to 75,555 Euros, by the Investor Compensation Fund in Cyprus. XTrade is operated by Xtrade Europe Ltd, which is regulated and licensed by CySEC under the license number 658/65. Unfortunately, . clients are not accepted at this time.
Another benefit of this account is that it is completely free to open and register. As you can imagine, though, you can only really begin trading once you have made a deposit. In addition to the main trading account, you also have the option to open up a demo account. This is activated as soon as you open a regular account. Nevertheless, the activation is subject to a minimum deposit.