Cyprus has become one of the major destinations for Forex trading and the majority of Forex companies prefer to run their offices from there. Cyprus’ geographical location, somewhere between Asia and Europe (Cyprus politically belongs to Europe, but one might argue that it is geographically more inclined towards Asia) represents an attractive location for brokers who can target the European and Asian market simultaneously.
XTrade is one of the Cypriot brokers who managed to rise to global proportions in their year-long career, and they made a name in the industry which stands for safe trading, professionalism, and technological advancement.
The company is one of the most desirable brokers since they have already proved their trustworthiness in a market were distrust is one of the major problems. The broker opened its door in 2003 and since then on has been making many traders happy.
One year after its establishment, Cyprus joined the EU, which means that XTrade secured access to other EU markets automatically. It went through all the political changes with CySEC, the regulatory body which had to adjust its regulation to harmonize with EU markets. After the EU accession, many other brokers rushed to Cyprus to open their business in the island full of potential. Cyprus’ capital market has started to flourish and has become what it is today, one of the major EU Forex centers.
As you will see from this XTrade review, the company regulated by CySEC is required to operate in line with the highest standards that apply in the industry with a strong emphasis on customer protection.
XTrade can also be called a real trend-setter with its renowned unique platform which works smoothly with no malfunctions. The platform offers all the necessary features for secure and advanced trading. It possesses technical analysis tools, as well as auto-trading options. The broker focused on one-click solutions which means that with a single click you can open a trade without looking for the option in settings. This is part of the easy navigation of the platform which has a clear and simple interface including all kinds of graphic charts.
The web-based platform offers a unique trading experience and represents something new and fresh in the industry where the Meta Trader 4 platform prevails. The MT4 might be the first choice of the majority, but the XTrade trading platform does not lag behind the Forex classic and provides the same quality standard.
Since mobile trading has taken over the industry almost completely, XTrade offers its counterpart mobile version of the platform, the XTrade mobile app which makes trading even easier. Especially passionate traders enjoy the convenient condition of being able to access their trades anytime.
This CFD broker offers more than 150 tradable assets including currencies, BitCoin, stocks, indices, and commodities. All of the assets can be traded either from the XTrade Standard or the XTrade Premium account.
The Standard account is the account for the regular, average trader who likes to occasionally place a trade. The Standard account requires only a $100 minimum deposit which means that the broker tries to be available and affordable to everybody, not just the rich.
The Premium account targets more professional market players who need all the extra features that advanced accounts provide. Still, the minimum deposit is not as high as with other brokers, amounting to $1,000. The accounts have the same leverage which is 1:400, and both accounts come with competitive spreads which traders highly appreciate.
XTrade is one of the most innovative brokers when it comes to their bonus policy. They offer a variety of bonuses but have in mind they are not valid for EU traders and T&C apply:
Other promotions include winning a trip to Madrid and meeting Ronaldo whereby you register and place two trades and keep your fingers crossed that you will be the lucky one. The XTrade bonus policy shows that company really makes an extra effort to keep their customers satisfied.
Depositing and withdrawing is an integral part of Forex trading and if brokers want to operate smoothly, they will have to employ as much funding options as possible. XTrade belongs to those progressive brokers who have got it all covered with their neat banking system.
XTrade accepts all old-fashioned and modern payment methods (from wire transfers and credit cards including local payment methods to different e-wallets). The minimum deposit amount is $100, and withdrawals are processed within 24 hours, which means that your money will be transferred very quickly if everything goes smooth with document verification.
The XTrade customer support is a nice and competent squad which will give you any information you ask for regarding accounts, platform, technical issues, funding options, and much more. For those who do not speak English, they can contact the service in Arabic, Russian, German, French, and Portuguese. XTrade also offers numerous educational materials which can help you become a true self-taught professional in the industry.