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Xtb Review Is Xtb A Scam Or Legit Forex Broker

23.08.2021Brokers

X Trade Reviews

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I dealt with their Russian speaking desk, first it was Anna Novikova. Then Zhan Rusov, who was pushing me so hard, advising me to TAKE A CREDIT IN A BANK AND HE COULD EVEN RECOMMEND A BANK – what a scam. His point was that after I deposit $1000 I would be able to withdraw this deposit within a week – maximum 2 and then trade with what I would had left on my account. Also both of them, Anna and Zhan, said that there would be just one condition for me to be able to get profit – NOT TO OPEN ANY TRADES ON MY OWN! Of course I would not – I know nothing about trading whatsoever! So after I deposited $1000 i was assigned Aleksandr Nazarov to be my account manager. 3-4 lucky deals under his ‘supervision’ then my account went to deep minus.

These services are the key to successful trading on any brokerage platform. As a brokerage firm with a high reputation, we wanted to confirm if these services worked to perfection. To do this, we created an account with Xtrade and funded it with real money and tested a variety of services. Having high variety of deposit and withdrawal methods is crucial for good Forex broker.

Xtrade Broker Regulator

Being able to readily contact a broker is crucial for anyone engaged in the arena of online trading. All in all, there is a lot to offer all kinds of traders.

Lets explore each of these trading platforms in detail and what options XTrade gives you. XTrade safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. XTrade also urges its clients through its web platform to always look for the SSL security sign o the browser while operating XTrade. XTrade also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move. Be aware that Different entities under XTrade Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client. Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

What Is The Minimum Deposit For Xtb Account?

Nevertheless, we don´t like nothing that´s not registered with the FCA of the UK, which generates some distrust. XTrade is a Cyprus based broker, and is therefore authorized and regulated by the Cypriot entity, CySEC.

However, you might be asked to pay a small fee from your bank or payment method that you would use for such transactions. The withdrawal shall be processed via the same method as the deposit was made.

Safest Forest Brokers 2020

XTrade is one of the largest providers of CFD trading and has clients from around the world. The Xtrader platform range offers mainly an online-based proprietary software, as well as to stay trading with an industry leader MetaTrader4. However, the proprietary platform gained numerous rewards, from both industry professionals and the traders, thus you may try and then never leave XTrade platform. XTrade is regulated by Cyprus Securities and Exchange Commission .

You can set many different types of alerts and notifications,including price alerts or notifications about important market news. The platform has clear portfolio and fee reports, including the profit/loss of your positions. For example, if you want to trade a US stock CFD, just click on the stock type and select the US. At first glance, xStation 5 might appear like a platform designed for professional users, but as you start to use it, you will find itwell-designed and user-friendly,even if you are a beginner. By continuing you will receive brokerage related emails. Enter your bank account details and the amount you wish to withdraw.

I really enjoyed your website, searching for the best broker for my wishes. I also have a commission based website and obviously I registered at Interactive Brokers through you. The client chooses the trade size and the order ticket populates with pertinent information, such as the contract value , margin required , spread cost, commission , pip value, and swap costs.

Learn Forex Trading

Besides bank transfer and credit/debit cards, many electronic wallets are also accepted for deposits. Some European clients can verify their identity via video, which is a great feature. Activate your account by verifying your identity and residency.

The reps speak six languages, and the website supports 16 languages. Account managers can address your queries directly or guide you through set up, system familiarization, and training education, if necessary. The website is full of helpful examples that explain how spreads, leverage, and risk management tools apply.

Several attributes claimed as their distinctive advantages including strong financial resources, quick and efficient withdrawal process, cutting-edge platform technology, and worldwide customer support. In sum, the company XTradeis a stable, strong and reliable company, which is its superior to many other companies. The XTrade numerous promotional events provide the chance to gain favorable terms for making agreements.

Xtrade Support

This broker is regulated and licenced by the International Financial Services Commission with the registration number, IFSC/60/383/TS/19. Because Xtrade is regulated it is required to abide by the international policies guiding the financial markets, which include the AML and the KYC regulations. Xtrade have placed themselves under these regulatory bodies so that they can ensure 100% transparency to their clients, and they are aimed at curbing theft and associated with the industry. The AML and KYC regulations are aimed at eliminating identity theft, terrorism funding and money laundering. These set regulations also ensure the safety of user information at all times.

To trade effectively with XTrade, it’s important to get a have a good understanding of the XTrade trading tools and the markets. This includes eduction tools with XTrade and externally. Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Is Xtrade A Scam? A Real Xtrade Review

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Below we give an overview on the account types that XTrade offer. Whatever you are looking to trade the varying XTrade account types will be able to provide you with what you need. Once you have logged into your XTrade account you will see the below trading platform options available to you.

This is another platform tool found on the Xtrade WebTrader. It gives the percentage of Xtrade’s clients buying or selling a given asset within a defined time interval.

Trade The Markets Anytime, Anywhere

All money funded to XTrade is placed into a segregated tier 1 bank account. this means your money in not held by XTrade directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also XTrade is regulated by Cyprus Securities and Exchange Commission . Although we found some very useful aspects of the XTrade platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative XTrade broker.

If they want to look at the advanced trading approach, scalping would be a suitable option. They also offer reduced costs by no commissions’ policy with only fixed spreads.

Who Xtb Online Trading (xtb) Is For

I was down in the dumps after my Encounter with this company. I should have known better but their attractive offers made me ignore the red flags. I was a little worried about starting an online business as I am not the best on the computer however the support I have received after purchasing one of the pre-built websites has been incredible. I initially found another wholesale company to use, but then found XTRADER. With all this said, I can confirm to all the traders out there that Xtrade is a legitimate business that can be trusted. You can contact them through phone, email and live chat for more information.

This is the mobile app version of the trading platform. The apps can be downloaded and installed from the respective app stores. The mobile app presents a user friendly interface and is very responsive. Integrates tools such as the financial calendar, Autochartist, Market trends, etc. Account verifications, funding, withdrawals can be done from the platform. To further secure the trader, Xtrade has implemented a 256-bit Secured Socket Layer .

Forex Scams

This is the company’s flagship offering and provides an updated look and feel, one-click trading, and full integration across desktop and mobile platforms that should serve traders well. Entering trades, building watchlists and modifying charts all seem simple and intuitive. FAQs and educational resources can also be launched from within the trading application. Traders receive notifications directly on the platform or mobile application. International clients with high account balances are eligible for cashback rebates and welcome bonuses while high-volume-trading U.K.