What is XTrade?
The broker XTrade firstly known as XFR Financial Ltd was established back in 2003, while recently headquarters in Cyprus and offering traditional trading through CFDs on shares, commodities, forex and indices.
The company also continuously increases their ranges and add instant access to the most popular Cryptocurrencies that are available 24/7 directly through the trading platform: Bitcoin, Bitcoin Cash, Litecoin, Dash, Ethereum, Ripple and other digital coins.
The international proposal through performed through stablished entity in Belize that allows international traders to open account and also get high leverage or other conditions. Yet, be sure you learn differences about regulations and conditions well.
XTrade Pros and Cons
XTrade is a trusted broker with CySEC regulation. XTrade provides good trading technology with platform selection and spreads on average-low basis, the account opening is fast and there is selection of Forex and CFD instruments.
On the negative side the are some limitations in product offering, support is no available 24/7 also international proposal is done via Belize entity.
In fact, XTrade through the long operation spread around globally while serving clients from a vast number of countries. As a recognized company in online trading with years of experience and worldwide presence, the firm confirmed its status by many awards and industry achievements.
Xtrade & Cristiano Ronaldo – The broker supports various social activities which increase their presence in world picture. Cristiano Ronaldo was Xtrade official ambassador of 2016-2017, which signifies an opportunity to support the world’s greatest footballer while promoting marketing-leading CFD trading products.
Is XTrade safe or a scam
No, XTrade considered safe broker because is authorized by CySEC to provide lower risk Forex and CFD trading.
Is XTrade legit?
The XTrade group and the company fully comply with the CySEC regulation, as per their headquarters in Cyprus and its obtained license, along with numerous registration and authorization across the EEA zone. The international brand that serves worldwide clients XTrade International operates in various jurisdictions through its license obtained by the International Financial Service Commission in Belize (IFSC).
Even in fact this license if offshore one, which regarded as not safe enough on its own, yet the additional regulation by the European entities confirms that the broker strictly complies with the international protective measures.
How are you protected?
The client’s funds are always segregated as we see through our XTrade Review, means an account in which the trader’s assets are kept is separated from the broker’s assets that enable security and money protection, while also every client account is opened under the Investor Compensation Fund.
Furthermore, Xtrade continuously monitors its operations as per regulatory requirement and provide comprehensive security for all online transaction or manipulations provided.
In addition, according to the regulation sets the trader cannot lose more than the initial deposit, since the broker applied negative balance protection, which all in all makes XTrade considered to be a safe Forex broker.
Concluding XTrade review, the broker brings stable and reliable conditions to trade. Their main offering mainstays on a fixed spread with no hidden fees, powerful online-based platform and comprehensive trading instruments variety. As a regulated broker, the company does follow the strict rules of the client’s protection along with the funds’ security and safe trading environment. What is pleasing also, is that XTrade supports their traders by various means, from excellent support to 0$ fees on money transactions, as well as widely supported methods.