With an Xtrade premium, you get some great perks - personal support from a dedicated account manager, access to market alerts, the bonus of commission-free trades. Plus, the higher leverage option (up to 1:400)
Essentially it's divided into two parts.
The first part is the educational courses which are like bundles with info on the topic. You can see like Strategies, Economic topics and etc. They take some time tho, but are extremely efficient.
Another part is the blog and the news, these are also rich in information, but eduation would be up to you in this section, depending on how you interpret the news and what conclusions you make about the market and what's gonna happen.
I would say quality. Those who traded with xtrade have no doubts about the quality of services they provide, cuz its pretty high.
If you go ahead and observe what they offer, like the amount of assets and spreads, you'd undertsand.
I will also point out the support they have, live chat works quickly and they actually answer in full detail. Ima be honest, I've only written to live chat twice, but in both of those times, my issue was solved or my question was answered to the fullest and fast.
Buddy, if I or any of traders knew a simple answer to this question, then we would be discussing this topic in my private jet
Although no, I know the answer! In order to trade profitably on this platform, you need several elements: 1) Profitable trading strategy 2) Discipline to apply this trading strategy in accordance with rules3) A little luck I mean, to make profit on this platform, you just need to trade. Xtrade provides high-quality brokerage and your profit depends only on you.
I can give you some advice.
1) Try to understand which trading style suits you best (positional trading or intraday trading) For positional trading, assets that depend on fundamental data (stocks, ETFs, bonds, etc.) are more suitable.
And for intraday trading, I recommend currency pairs
2) Pay attention to the time of increased volatility. If this time matches with the time when you can be in front of monitor, then OK
3) Try trading new assets first on demo account.
I would also say, it depends on what type of analysis you like doing more.
Some traders really believe in fundamental data, so yeah they go with stocks.
On the other hand, some traders say that fundamentals are not as strong as a narrative, and that the market has its own logic. And these will do better with TA and are suitable for FX trading.
Hmm, the first is the status. Of course, most likely few people will know that you have, for example, a VIP account. But it can be part of self-motivation. You can get extra inspiration from having such a cool account type.
And of course you will get some other benefits. Personal manager, narrower spreads, priority and others.
Yes, they do, my friend. There are a lot of bonuses for beginners and experienced traders and honestly, I can’t list all of them because I hardly remember but I know one of them that I got when I passed the registration process.
When I made my first deposits, I got a bonus and it can reach up to 5000$ and if you want to know more about that, you better check out the information on their official website.
The factor to consider is the type of bond. there are government bonds, and there are commercial bonds. For short term, commercial bonds might hold more reward. Long term though, government bonds are safer to trade.
If you know exactly what you are looking for, then you will probably find something useful for you. Xtrade’s app is recognised by many traders as one of the most advanced ones in terms of performance, design and built in features.
I like that trading signals are provided directly from the platform
I like that you can manage your account and make deposits and withdrawals from the platform.
For charting, they have all the possible tools already built in, as well as a ton of indicators.
I like this app just because it combines convenience and simplicity with powerful tools and features.
Well, first of all, application has advanced order setup system. Not only basic settings such as stop loss or take profit, but also more complex ones. You will like these settings if you use complex multi-stage trading systems.
And I also like that I can manage money in my account right in the app. I often use it in trading and rarely open platform on my computer. Therefore, it's more convenient for me to trade, deposit my account and withdraw profit using this application.
Another advantage that this app can give you is speed of work and speed of order execution. Even during periods of high volatility, I had no problms executing orders.
That's a good question! And I will be happy to answer it.
Xtrade, like many other brokers, sets different leverage size dependng on the type of financial instrument.
Size of leverage has a big impact on margin.
Leverage allows trader to trade not just with the money that he has, but to use broker's funds to increase positions.s
This is widespread in trading. After all, for traders to trade all financial instrumens that broker has, they need to have large amount on their accounts.
Leverage solves this problem. It allows to trade large lots without having a large amount on account.
Of course, leverage is associated with risks as the lot size increases. But it should be noted that broker has protection against negative balance. This means that trader will not owe the broker under any circumstances.
Leverage size, as you understand, affects risk. And volatility is also directly related to risk (ability of asset to change its price sharply and strongly). And the more volatile asset, the less leverage Xtrade sets. This is how broker protects novice traders from possible losses associated with trading these assets.
When you're talking liquidity, then you know it is always the popular instruments such as the forex majors, gold, and others. When you're talking about market movement and great profits in a little time, then you should look at crypto or indices.
It is... what you would expect from an efficient payment gateway. On a scale of one to ten, I will give it a nine because it is effective, but it is just like all the other smooth payments out there.
Opening different accounts for different devices? New form of masochism? :)
Of course, no, you have one account which can be connected to whatever platform's version you want, without any hassle.
When it comes to the trustworthiness of the brokers, I connect it to its reputation and legal regulations.
Xtrade is quite a long time in the finance industry, and it has a good reputation among brokers. It is regulated by the IFSC from Belize, which is enough for me to know that this broker is not a market-maker and compiles to the legal requirements. So, I will give it a solid 8/10.
I personally haven’t seen slippages for a long time here. Maybe it’s because the broker’s execution is straight as an arrow. Or maybe I just try not to trade during the high volatility as a precautionary measure.
Anyways I think if the broker’s execution was bad, I would still face some slippages as a consequence.
Performance-wise I don't think there is a difference between them.
But their appearances are completely different, therefore the experience for me as a user is also different.
So be prepared to spend several days getting used to it and its functionality.
I don't know if you are referring to the WebTrader or the mobile trading platform, but what I can basically say that they both have tons of advantages and features. First of all, you wouldn't have any problems in execution because there is a strong and solid orderbook and execution engine working in the back scene. All versions offer tons of tools and indicators that you could incorporate into your trading framework, they are easy to use and navigate.
It is a very good one. Xtrades trading platform has everything essential for traders like indicators, smoothened and speed. As well as it has a very cool dashboard and the ability to trade with ipads and mobile phones. So I will say that the biggest advantage is that it is very portable.
I personally would rate it 8 out of 10. The broker’s educational section is quite impressive actually. It has very basic information for less sophisticated traders. such as glossary and various video tutorials on a myriad of topics, even the most simple ones.
At the same time there is a very insightful blog of the broker that includes articles about the whole state of economies around the globe. Which is aimed at more seasoned professionals, as far as I’m concerned.
So it would be not far from the truth if I’d say that Xtrade education is pretty useful for everybody.
Took off a couple of points because, you know, there is always room for improvement, and nothing is perfect.
I would say start with major forex pairs. You may not profit a lot, but they usually don't make sharp moves to the either side, so it can be a good chance for you to just stay in the game, learn about how everything works and not lose a lot of money in the mean time. The better you get at it, the more riskier assets you can move to, like minor forex pairs, or stocks, or anything else.
The quality of the educational material provided by this broker is quite decent actually.
I didn’t expect much from this broker in this instance, but its education is not just some articles for newbies with basic information. There are some ideas that could be useful even for more sophisticated traders too.
You perhaps mean do these instruments are available here? If yes, then of course!
Only bad brokers don't have stop-loss and take-profit tools on their platforms. Plus, you can open orders and place both sl and tp after you had already opened an order. It's very essential in my opinion, as it helps traders to manage risks wisely, however, it's better to calculate risk/reward strategy more thoroughly beforehand.
I believe it’s legal for everyone to trade with Xtrade. The broker even offers the Islamic accounts opportunity. So it’s legal even if your religion has some restrictions.
The only thing that comes into my mind is you have to double check the list of countries where forex trading is prohibited. And if you’re from one of those, then it’s not quite legal.
Otherwise it’s all good.
It is a question of your location now. There are countries with trading restrictions and if you reside in a country with such restrictions, it will be illegal to trade there. But xtrade is a legal broker and a safe broker to use.
Well, I guess if you try hard enough, you can start trading with XTrade within an hour. But I don't think you should try to do everything very fast. I would recommend doing it slowly.
What about broker's services? They work very quickly. So, any task can be completed as fast as possible.
not long at all... the only thing you gotta note: don't waste your time and start trading on a live account as fast as you can. otherwise, it'll be kinda difficult for you to start off trading on live acc... open demo, trade for a while, check out everything you need and get down to business!
It depends. If you sit down and just do it straightforward, you can do it in couple of minutes. But only if you are already a trader. If not. You have to spend additional time to getting skills.
being sincere, I haven't faced any issues with order execution. perhaps, I was just lucky lol.
I have read solid number of Xtrade reviews and some guys wrote about requotes, I couldn't manage to check it on practice, sry.
as for SL and TP, then, boy, don't even think bout' it. they work correctly. if you think of situation when the price crosses TP and you don't get money, then just don't care, no freezes was detected.
It totally depends on you. The minimum deposit is 250 dollars. If you have had training before and think that 250 USD is an amount that could be risked, then go ahead, but if not, my advice is to practice on the demo account until you are ready.
There are four main account types. Standard, premium, platinum and vip.
The main difference implies the amount of the deposit. Standard account has 250$, while VIP has 5k$. The amount of features is rising according to the grade of the account. Standard account has the least amount of features, while VIP one has the biggest. If you are required to get an access to account manager, for example, then you should consider premium account and higher. Standard account doesn't have such a feature.
Xtrade is a good broker with its advantages and shortcomings, as all forex companies. The strong sides are: security, tons of instruments from various markets, broker’s own platform. The negatives: lack of analytic materials, complicated withdrawal procedure. The decision of if it is worth trading is on you. Everyone is different in his preferences.
You should decide for yourself, but I would recommend to open a demo account to try live trading. A lot of clients starts with it. Moreover it is free and Xtrade's trading platform is very userfriendly.
Oh yes, it's reliable broker! I say this as active trader who registered his trading account almost two years ago. During this time, I didn't have any problems. I deposited my account and withdrew my profit. I have not registered any requotes. And orders are opened instantly.
I don't know what other reliability criteria there are. But in my opinion, Xtrade is really reliable broker.
Classical option for beginners which is offered by Xtrade - education. Courses, video tutorials, glossary and blog. I think due to these things all the newcomers can acquire knowledge to start trading.
I tried to download the application and you know I didn't face any issues with the installation and further logging into the account. I opened the platform on the mobile phone and tried to open several deals, on demo account.
No issues at all, you might be calm.
In my opinion, there is nothing easier! Application works very clearly. I would say that all broker's services are user-friendly.
I believe that most important thing is motivation. If you are motivated to succeed in trading, then you can only hope that broker will provide ideal conditions. This broker is just one of them. Great trading conditions and excellent working application.
As I said before, all trader has to do is to trade and make profit. But of course, this is the most complicated part. Because not everybody can trade wisely!
There are tons of advantages. I personally believe that the platforms which are created by the broker are competitive.
Anyway, the base is another platform, dont' know for sure which platform was taken as a base for this one but I know that there are tons of trading instruments, tools for running ordinary technical or fundamental analysis.
No freezes and bugs and basically, these are things that traders really like.
I haven't found an obvious answer to this question on the website, but why do you need these xpoints? You can trade without them, at least, your trading will definitely not be worse than with these xpoints =)
I have recently visited their educational section and everything worked. I watched videos and viewed electronic browser. Perhaps, there’s something wrong with your browser.
Broker's educational information is worth learning! Such brokers like xtrade have very detailed educational sectors on their websites. I've already checked it out too!
