XTrade

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XTrade broker review – reviews about the security of cooperation, scam scheme, signs of a kitchen

The company allegedly passed legal registration in an offshore territory. Offers clients a large selection of assets, instruments, and most importantly, focuses on bonuses and additional earnings. The Broker offers a wide range of trading instruments and terminals. The focus is on mobile trading and the ability to copy trades

Status	SCAM
Year of foundation	2021
Affiliate program	Yes
Regulation and jurisdiction	Belize International Financial Services Commission
Website	xtrade net; xtrade com
Contacts	Phone: +44 2038074001 Email Email: [email protected] 35 New Road, 2nd floor flat Belize City Belize

Pros

Wide range of assets
Additional bonuses, promotions, competitions for clients

Cons

Offshore registration
Hiding trading conditions
Requotes and slippages

Trading Platform	MetaTrader4, MetaTrader5
Types of accounts	Standard, Premium, Platinum, VIP
Deposit/withdrawal	VISA, MasterCard, Maestro, Bank of Transfer, WebMoney, POLI, QIWI, iDEAL, FasaPay, Astropay Card, AliPay, UnionPay
Min Deposit	250 EUR
Spread	Up 0 pips
Financial Instruments	List of CFDs, Indices, Commodities, Shares, Forex, ETFs, Bonds
Order execution	Market
Liquidity Provider	Unknown
Mobile Trading	Yes
Bonus	Yes

Analysis of the history of the formation of X Trade

The company, registered under the jurisdiction of the International Financial Services Commission of Belize (license number 000281/481), is a leading player in the online trading of contracts for difference (CFD). Founded over a decade ago, Xtrade offers its clients access to trading stocks, commodities, currencies and indices using innovative trading strategies and modern technology.

The organization strives to improve the quality of services offered to clients and achieve a high level of trust that allows clients to trade with the company with confidence.

The company has earned an excellent reputation for its principles of innovation, integrity, professionalism and reliability. Respond quickly to client trading requests, maintaining the reputation of a modern CFD trading broker.

The service actively introduces innovations into its trading platforms, providing clients with the necessary tools for successful trading. The company also places great emphasis on security, using state-of-the-art encryption technology and ensuring the protection of client funds in segregated bank accounts.

Xtrade has received numerous awards including “Best Broker in the Middle East 2016” from Forex Report, as well as awards for Best Mobile Trading Platform and Best Customer Service.

Technical support

The following communication formats for customer support are available on the Xtrade website:

telephone support service. Available from Sunday 22:00 to Friday 22:00 (GMT);
different emails;
Customers may direct their complaints to Xtrade via email at [email protected].

Xtrade support is available 24 hours a day, 5 days a week, and offers assistance in a variety of languages.

Terms of cooperation with Xtrade

DThere are various types of trading accounts available, each offering unique terms and benefits to suit different levels of experience and investment strategies of traders. Here are the main characteristics of each account type:

standard. Minimum deposit: $250. Possibility of trading on PC and smartphone. Demo account. Economic calendar. Daily video reviews of financial markets;
premium Minimum deposit $1,000. All the benefits of a standard account. Personal lessons on working on the platform. Customer support 24/5. Exclusive welcome bonus;
platinum account. Minimum deposit $5,000. Personal account manager. Educational video lessons and e-books. Reduced spreads;
VIP. Minimum deposit: $20,000. VIP support and personal senior account manager. VIP bonuses when replenishing your account. Individual trading strategy and support. Priority account processing and payment processing. Exclusive corporate gifts.

These accounts are designed to meet the needs of a variety of traders, from beginners to experienced investors, and offer a variety of tools and resources for effective trading.

The following promotional offers are presented on the Xtrade website:

Welcome Xtrade. First deposit bonus (up to $5000). Phone verification ($25 Cash). The first transaction is at the expense of the company (up to $500). Account verification (20% Cash);
VIP client. A special package of services for VIP clients. However, the company does not disclose information about what services are available.

These promotions are designed for new and existing customers to enhance their trading experience and provide additional benefits when trading on the Xtrade platform.

Among the things that raise questions is why there is no more detailed information regarding what the trading conditions are. What is the minimum threshold, limits, leverage. In any case, this is not so important, since the company does not withdraw transactions anywhere. Trading is carried out on a fully controlled terminal.

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Expert opinion

Eugene Rudenko

Xtrade is a leading online contract for difference (CFD) trading platform offering a wide range of financial instruments including stocks, indices, commodities, currencies and cryptocurrencies. This platform gives traders access to trade anytime, anywhere in the world, supporting them with in-depth market analysis, up-to-date market data and top-notch trading tools. Xtrade also offers powerful mobile platforms for iOS and Android, allowing traders to manage their trades on the go. The company emphasizes its commitment to security and customer convenience by offering segregated customer funds, fast and efficient withdrawals, and professional support in multiple languages.

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XTrade Reviews

While looking for comments, we were faced with the fact that there is little information about the project. It seems that the service appeared relatively recently, so there are few reviews online. In this case, XTrade is most likely engaged in removing negative comments in order to maintain the image of a reliable partner.

If you study the reviews about XTrade that are present on the network, in most cases clients complain about not withdrawing money. Managers drag their feet, do not respond to messages, or even delete the withdrawal request altogether. In general, none of the real clients were able to get their money.

Managers can be rude and threatening. Actually, for this reason, ex-clients are not advised to start cooperation with a broker.

The company changes the terms of cooperation independently. The Xtrade review showed how users agreed to one thing, then saw completely different indicators during the trading process. Of course this leads to losses.

Always remember that there is an option to launch a chargeback. Not all victims of fraud are aware of the forced cancellation of a transaction. Just for consultation write to us. Managers are ready to explain in detail what is being done and how.

Xtrade Conclusion

Next, we present to your attention the signs of divorce:

Xtrade claims to have been in business for over 10 years, but the exact founding date is unknown. Various sources indicate different years of registration, which raises doubts about the reliability of the company;
Xtrade has been registered with the IFSC (Belize) since 2016, which contradicts claims of an earlier start. IFSC is considered a reliable regulator, but there are doubts about the quality of its work;
the office uses marketing strategies, including cooperation with famous personalities, to attract clients;
There are complaints about manipulation of quotes and other methods that can lead to a quick loss of deposits. IFSC does not respond to complaints, which increases doubts about the integrity of the broker;
Xtrade offers CFD trading in a variety of financial instruments. However, trading conditions, including spreads and swaps, are simply silent about what specific conditions await the client;
if you believe the comments, the leverage is 1:400, which will automatically not allow the office to obtain a license from a reliable auditor;
excessively large number of bonuses and incentives;
problems with returns and complaints about the lack of withdrawal of money;

Xtrade are scammers who are simply trying to create the image of a reliable partner. For these purposes, a colorful website is used, with interesting design and material. In addition, management appears to be trying to remove negative reviews online in order to continue to maintain the image of a reliable partner.

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FAQ

How do client reviews about X Trade affect the company's rating?

Customer reviews are one of the main criteria that influences the placement of a broker in the ranking of the best companies. You can see all reviews about X Trade on the company profile page.

How to write a review about cooperation with X Trade on the Forex Rating website?

Register on the “Rating of Forex” website – it’s free and takes up to 5 minutes, taking into account the registration confirmation via the link that will be sent to your email. Detailed instructions on how to leave a review about X Trade can be found here.