Suspicious

Xtrade

2.00 (85 Reviews)
Contact

Not publicly disclosed

Regulatory & Licensing Information:

  •  
    • Regulatory Authorities:
      • Cyprus Securities and Exchange Commission (CySEC)
      • International Financial Services Commission (IFSC)
      •  
    • License Numbers:
      • CySEC: 108/10
      • IFSC: 000281/20
      •  
    • Status: Active
    •  

Verification:

  • Broker's Claims: Xtrade asserts that it is authorized and regulated by CySEC in Europe and complies with IFSC regulations for its international services.
  •  
  • Verified Information: Independent reviews confirm Xtrade's regulatory status with these authorities. However, it's important to note that the IFSC is considered an offshore regulator, which may not provide the same level of oversight as top-tier regulatory authorities.
  •  

Regulatory Warnings:

  • Issuing Body: BrokersVisionary
  • Date of Warning: November 2024
  • Details: BrokerChooser notes that Xtrade is not regulated by a top-tier regulator, advising caution due to the varying degrees of investor protection offered by different regulatory bodies.

Client Feedback

User reviews on  other platforms  have raised concerns about Xtrade's legitimacy, with some users labeling it as a scam. The lack of regulatory licenses and transparency in services has been highlighted as indicative of potential fraudulent activity.

 

Tags:

Forex Broker

Account & Cost

Standard Account
Premium Account
Platinum Account
VIP Account
Trading Platforms Proprietary WebTrader, Mobile App
Minimum Deposit $250
Deposit Options Bank Transfer, Credit/Debit Cards, Skrill
Withdrawal Options Bank Transfer, Credit/Debit Cards, Skrill
Max Leverage Up to 1:400
Minimum Trade Volume 0.01
Margin Call Level Not specified
Stop Out Level Not specified
Commission NA
Spread Type Fixed, starting from 5 pips on major currency pairs
Account Currencies USD, EUR, GBP, JPY, CAD, NZD, AUD, CHF, KRW
Trading Instruments Forex pairs, Commodities, Indices, Cryptocurrencies
Special Promotions Welcome bonus up to 60%
Additional Features Access to educational resources, daily video market reviews
Customer Support 24/5 via email and live chat
Islamic
EA
Hedging
Scalping
NBP
Trading Platforms Proprietary WebTrader, Mobile App
Minimum Deposit $1,000
Deposit Options Bank Transfer, Credit/Debit Cards, Skrill
Withdrawal Options Bank Transfer, Credit/Debit Cards, Skrill
Max Leverage Up to 1:400
Minimum Trade Volume 0.01
Margin Call Level Not specified
Stop Out Level Not specified
Commission NA
Spread Type Fixed, starting from 5 pips on major currency pairs
Account Currencies USD, EUR, GBP, JPY, CAD, NZD, AUD, CHF, KRW
Trading Instruments Forex pairs, Commodities, Indices, Cryptocurrencies
Special Promotions Personal account manager, premium daily analysis, exclusive updates
Additional Features Welcome bonus up to 77%
Customer Support 24/5 via email and live chat
Islamic
EA
Hedging
Scalping
NBP
Trading Platforms Proprietary WebTrader, Mobile App
Minimum Deposit $5,000
Deposit Options Bank Transfer, Credit/Debit Cards, Skrill
Withdrawal Options Bank Transfer, Credit/Debit Cards, Skrill
Max Leverage Up to 1:400
Minimum Trade Volume 0.01
Margin Call Level Not specified
Stop Out Level Not specified
Commission NA
Spread Type Fixed, starting from 5 pips on major currency pairs
Account Currencies USD, EUR, GBP, JPY, CAD, NZD, AUD, CHF, KRW
Trading Instruments Forex pairs, Commodities, Indices, Cryptocurrencies
Special Promotions Welcome bonus up to 88%
Additional Features Professional account manager, VIP daily analysis, priority withdrawals
Customer Support 24/5 via email and live chat
Islamic
EA
Hedging
Scalping
NBP
Trading Platforms Proprietary WebTrader, Mobile App
Minimum Deposit $20,000
Deposit Options Bank Transfer, Credit/Debit Cards, Skrill
Withdrawal Options Bank Transfer, Credit/Debit Cards, Skrill
Max Leverage Up to 1:400
Minimum Trade Volume 0.01
Margin Call Level Not specified
Stop Out Level Not specified
Commission NA
Spread Type Fixed, starting from 5 pips on major currency pairs
Account Currencies USD, EUR, GBP, JPY, CAD, NZD, AUD, CHF, KRW
Trading Instruments Forex pairs, Commodities, Indices, Cryptocurrencies
Special Promotions Welcome bonus up to 100%
Additional Features Senior account manager, VIP customer support, invitations to exclusive events
Customer Support 24/5 via email and live chat
Islamic
EA
Hedging
Scalping
NBP

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PRADEEP KUMAR DASH

Very Good Broker

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