XTrade Group Limited launched Xtrade, an international foreign exchange and CFD platform headquartered in Cyprus. Following a successful market launch in 2003, XTrade Europe Ltd and XTrade International Ltd were established as the company’s primary subsidiaries. It currently has 15 branch offices across the world, the bulk of which are controlled by financial institutions in Cyprus, the Philippines, Malaysia, and the United Arab Emirates. While its services are available worldwide, it made few restrictions and has barred residents of the United Kingdom, Canada, and a few other countries from registering with Xtrade.
XTrade License and Regulation
After its establishment, XTrade was given operating licenses by multi-jurisdictional regulatory bodies, making it a multinational financial service provider. The Stock and Exchange Commission of Cyprus controls the company’s principal offices. Certain financial regulators, on the other hand, build a tight web of protections for all of its clients.
The International Financial Services Commission put forward finance- and brokerage-related policies, and XTrade International Ltd highly complies to what is mandated by this authority. XTrade adheres to the segregated account arrangement. And this ensures that the firm’s savings, as well as those of its clients, are split into two accounts in order to prevent a complete financial wipeout if the company goes bankrupt.
XTrade also complies with the authority’s MiFID policy, allowing clients to receive reimbursements of up to $20,000 euro should there be proven anomalies with substantial evidences. This mandate is commonly called as the Investor Compensation Fund.
XTrade Services and Platforms
Clients looking for a broad range of markets may benefit from XTrade’s impressive asset selection. With 56 forex pairs, commodities, stocks, indexes, and shares at its disposal, the broker provides access to more than 200 foreign exchange and contract for difference markets.
The company’s proprietary platform can be used to trade the abovementioned options. There is no need for installation since the system is entirely web-based. To say the least, it has received a lot of industry commendations because of its user-friendly nature. For one thing, the interface is designed to be simple and intuitive. Many market instruments are then used to support trading, including 12 technical metrics, four charting formats, nine timeframes, and 17 analytical tools, all of which are available in 11 languages. Finally, an economic calendar, real-time news updates, and signal networks provide markets with additional valuable information.
It’s worth noting that Xtrade has its own smartphone platform. Since it is available on both iOS and Android, clients will face no issue at all in terms of installation. The XTrade Online Trading, as it is known, has a highly customizable user interface. This allows users to customize trades and buttons based on their trading preferences. It also allows one-touch trading with live rates, charting features, research tools, alerts, and account funding. More commendably, it is integrated with AutoChartist, an automated analytical tool which provides clients extra opportunities to boost their profit margins.
XTrade Education and Research
XTrade is praised for its unique instructional features in addition to its highly acclaimed platform. Its official website has a learning feature with an economic calendar and live news alerts that provide authoritative information for decision-making.
Other aspects of this include industry video research, which is available on Xtrade.com and on the company’s YouTube page. Clients are also supplied with metrics such as the Pivot, Fibonacci, and contract scale estimates, among others. All of these are guaranteed to have a holistic learning approach, covering everything from investing fundamentals to technical know-hows.
XTrade Customer Assistance
What is more remarkable about XTrade is its highly responsive customer assistance. XTrade can be accessed through a variety of contact networks, including phone, email, and various social media platforms, and is available 24 hours a day, 7 days a week. It also has a live chat option for clients who need help right away. Since it is available in 35 languages, the overall customer service is very client-centered.
Although XTrade has a few disadvantages, such as the lack of MetaTrader sites, clients may still find it an optimal platform mainly from its competitive trading conditions. XTrade is one of the most reputable traders in the financial industry, with many industry-related awards to back up its credibility. Furthermore, its global regulatory oversight, wide range of financial instruments, and fast customer support testify to its consistent reliability.